Ardmore Shipping vs Nordic American Tankers
Ardmore Shipping and Nordic American Tankers are similar in size: $310m and $292m of revenue in their latest fiscal years. Nordic American Tankers grew faster (-16.6% against -23.6%). Ardmore Shipping kept more of each dollar of sales as profit: a net margin of 13.2% against 4.2%. Ardmore Shipping carries less debt relative to equity (20.0% against 95.2%).
| Latest fiscal year | Ardmore ShippingASC, 2025 | Nordic American TankersNAT, 2025 |
|---|---|---|
| Revenue | $310m | $292m |
| Revenue growth | -23.6% | -16.6% |
| Net income | $41.0m | $12.3m |
| Operating margin | — | 15.9% |
| Net margin | 13.2% | 4.2% |
| Return on equity | 6.6% | 2.6% |
| Free cash flow | $81.6m | −$115m |
| Cash | $46.8m | $45.9m |
| Total debt | $127m | $424m |
| Debt to equity | 20.0% | 95.2% |
| Dividend per share | — | — |
| Dividend yield | 1.5% | 4.9% |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $776m | $1.59bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 9 sales | 0 buys, 0 sales |