Imperial Petroleum Inc./marshall Islands key statistics and ratios

In fiscal 2025, Imperial Petroleum Inc./marshall Islands had return on equity of 10.5%, an operating margin of 24.8%, debt equal to 0.0% of equity and a current ratio of 11.99. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Imperial Petroleum Inc./marshall Islands: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	−2.8%	−1.8%	−20.1%	30.7%	35.9%	29.9%	24.8%
Net margin	−2.8%	−1.9%	−21.0%	30.4%	38.7%	34.0%	31.0%
Free-cash-flow margin	—	40.1%	29.4%	−80.2%	28.0%	2.0%	49.1%
Return on equity	−0.3%	−0.3%	−3.2%	15.6%	22.1%	12.8%	10.5%
Return on assets	—	−0.3%	−2.7%	11.9%	19.2%	12.1%	10.0%
Asset turnover	—	0.15	0.13	0.39	0.49	0.36	0.32
Current ratio	—	2.32	0.70	5.49	12.61	7.92	11.99
Debt to equity	0.0%	0.0%	28.9%	25.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	18.5x	36.2x	115.5x	17.3x
Capital spending as % of revenue	—	3.6%	0.8%	122.3%	15.3%	50.6%	1.1%
Free cash flow ÷ net income	—	—	—	−263.6%	72.2%	6.0%	158.2%
Dividends and buybacks ÷ free cash flow	—	—	—	—	11.5%	82.8%	0.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · December 31, 2025

What it owns · $547m

Short-term assets $199mLonger-term assets $348m

What it owes, and who funded it · $547m

Short-term liabilities $17mLonger-term liabilities $0mShareholders' equity $531m

Short-term assets cover short-term liabilities $199m of assets due within a year against $17m of liabilities due within a year.
Short-term assets cover long-term liabilities $199m short-term assets against $0 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $40m against $2m of interest.

From Imperial Petroleum Inc./marshall Islands's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: IMPP vs SHIP GASS vs IMPP HSHP vs IMPP

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Figures from Imperial Petroleum Inc./marshall Islands's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Imperial Petroleum Inc./marshall Islands.