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← CockpitCompetitor Analysis › ASC Ardmore Shipping Corp.Open in the cockpit ↗

Ardmore Shipping Corp.ASCCompetitor analysis, valuation and peers

United States · USD·Energy›Marine Shipping
Momentum neutral 46
Mkt cap
$712M
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$15.3M
20-day average traded
Fwd P/E
4.1×
forward earnings
ROIC−WACC
+5.8 pp
WACC 6.3%
Hurdle
-22 pp
Req g minus delivered
Next earnings
104 days
18 Feb 2027
Close · USD$17.42
1D+1.9%
1W-16.9%
1M-10.5%
3M+6.3%
6M-10.8%
YTD+64.5%
1Y+39.8%
ATR %5.4%
Beta0.46
52w lowhigh18.4% off high

What Ardmore Shipping does

Employees: 997

Ardmore Shipping at a glance

Size Ardmore Shipping (ASC) is a United States Energy company (Marine Shipping) with a market value of $712M, the 2471st largest of 3,117 United States companies the cockpit tracks. Shares closed at $17.42 on 6 Nov 2026.

Performance Over six months the shares fell 10.8%, against -8.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 8 in its peer set.

Growth Revenue grew 21.1% over the last twelve months (peer median +16.0%); the operating margin is 28.6% (peer median 38.3%).

Valuation It trades at 4.1× forward earnings against a peer median of 9.4× (2nd cheapest of 7).

Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -22 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.8 points above its cost of capital (6.3% WACC).

Short interest Short interest is 6.7% of the free float (15 Oct 2026).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 93ASC 91
Six months, rebased to 100: Ardmore Shipping against the median of its 7 peers (local-currency closes).

Ardmore Shipping financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$375M$310M$406M$396M$446M
Revenue growth—-24%+2%-11%—
Gross profit$132M$72.3M$156M$153M$184M
EBITDA$151M$86.6M$162M$159M$193M
Net income$113M$38.8M$132M$117M$138M
Free cash flow$108M-$39.1M$99.4M$134M$117M
Capital expenditure$21.8M$121M$61.5M$25.6M$3.91M
Total debt$62.7M$129M$44.2M$94.0M$185M

Quarterly statements and history in the cockpit →

Ardmore Shipping competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%-20%-15%-10%TKNVGSTENFLNGNATSFLLPGASC6-month return →1-month return →
Up and to the right = strong over both horizons. Ardmore Shipping is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%5×7.5×10×NVGSTENFLNGNATSFLLPGASCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ardmore Shipping is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%-10%0%10%NVGSFLNGNATSFLLPGASCGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Ardmore Shipping is the large dot.

Ardmore Shipping competitors and peer comparison

How Ardmore Shipping compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ardmore Shipping against its 7 peers (data as of 6 Nov 2026)
MeasureASCPeer medianRank in peer set
1-month return-10.5%-19.0%highest of 8
6-month return-10.8%-8.7%3rd lowest of 8
Distance from 52-week high-18.4%-22.0%highest of 8
Revenue growth (TTM)+21.1%+16.0%4th highest of 8
Operating margin28.6%38.3%3rd lowest of 8
Forward P/E4.1×9.4×2nd cheapest of 7
Growth the price implies (Req g, 7 yrs)-14.9%-2.2%least demanding of 6
Growth delivered (Del g)+7.1%+9.2%2nd lowest of 6
Hurdle (Req g minus delivered)-22.0 pp-14.2 ppleast demanding of 6
ROIC minus cost of capital+5.8 pp+2.1 pp3rd highest of 8
EV / EBITDA4.8×7.5×cheapest of 7
Net debt / EBITDA0.1×2.4×least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Ardmore Shipping ASCUnited States$712M-11%+21%29%4.1×-14.9%+7.1%
Teekay TKUnited States$1.11B-10%+16%48%n/an/an/a
Navigator NVGSUnited States$1.21B-14%+7%25%11.0×-2.2%+12.0%
Tsakos Energy Navigation TENUnited States$1.32B+2%+23%38%3.5×n/an/a
FLEX LNG FLNGUnited States$1.38B-20%+1%49%11.5×-0.5%+16.1%
Nordic American Tankers NATUnited States$1.41B+13%+29%29%7.7×-3.4%-3.8%
SFL SFLUnited States$1.65B-9%-4%28%11.2×5.2%+9.2%
Dorian LPG LPGUnited States$1.99B+16%+81%52%5.4×-6.7%+8.8%

Questions

Which companies are Ardmore Shipping's closest peers?
The cockpit's peer set: Teekay (TK), Navigator (NVGS), Tsakos Energy Navigation (TEN), FLEX LNG (FLNG), Nordic American Tankers (NAT), SFL (SFL), Dorian LPG (LPG).
Is Ardmore Shipping expensive compared with its peers?
On forward p/e it trades at 4.1× against a peer median of 9.4×, 2nd cheapest of 7 in its peer set. For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -22 pp: the price already allows for a slowdown.
How has Ardmore Shipping stock performed?
Over six months to 6 Nov 2026 the shares returned -10.8% against -8.7% for the median peer; over one year +39.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.