NYSE : NVGS
Navigator Holdings Ltd. — Financial statements
Energy · Oil & Gas Midstream · United Kingdom
Last price 20 USD (Nov 2, 2026, 4:00 PM EST) · Market cap 1.23B
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Financial statements
Navigator Holdings Ltd. (NVGS) reported revenue of 614.47M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 614.47M | 586.96M | 566.68M | 550.74M | 473.79M | 406.48M |
| Cost of Revenue | 278.91M | 268.56M | 247.18M | 251.02M | 258.66M | 224.05M |
| Gross Profit | 335.56M | 318.40M | 319.50M | 299.71M | 215.14M | 182.43M |
| Selling, General & Admin | 47.15M | 43.69M | 43.59M | 38.14M | 33.34M | 33.68M |
| Other Operating Expenses | -364.00K | -367.00K | ||||
| Operating Expenses | 176.03M | 178.18M | 176.32M | 167.34M | 159.19M | 121.80M |
| Operating Income | 159.53M | 140.22M | 143.18M | 132.38M | 55.94M | 60.63M |
| Interest Expense | -52.31M | -61.95M | -64.45M | -72.37M | -29.36M | -37.89M |
| Interest & Investment Income | 6.32M | 5.82M | 6.24M | 5.71M | 1.08M | 302.00K |
| Earnings From Equity Investments | 13.86M | 8.04M | 16.91M | 20.61M | 25.79M | 11.15M |
| Currency Exchange Gain (Loss) | -3.70M | -1.27M | -1.97M | 17.00K | 3.75M | 2.15M |
| Other Non Operating Income (Expenses) | -3.46M | 1.00K | 60.00K | |||
| EBT Excluding Unusual Items | 120.23M | 90.85M | 99.92M | 86.40M | 57.21M | 36.33M |
| Gain (Loss) on Sale of Investments | -2.50M | -2.50M | ||||
| Gain (Loss) on Sale of Assets | 39.91M | 25.21M | 4.80M | 4.72M | ||
| Asset Writedown | -63.58M | |||||
| Other Unusual Items | -1.46M | -1.10M | ||||
| Pretax Income | 162.44M | 118.36M | 98.46M | 91.20M | 60.83M | -27.25M |
| Income Tax Expense | 14.18M | 12.49M | 4.37M | 4.33M | 5.95M | 1.97M |
| Earnings From Continuing Operations | 148.27M | 105.87M | 94.10M | 86.87M | 54.88M | -29.22M |
| Minority Interest in Earnings | -8.19M | -5.75M | -8.53M | -4.62M | -1.41M | -1.75M |
| Net Income | 140.08M | 100.12M | 85.57M | 82.25M | 53.47M | -30.96M |
| Net Income to Common | 140.08M | 100.12M | 85.57M | 82.25M | 53.47M | -30.96M |
| Shares Outstanding (Basic) | 64.42M | 67.33M | 71.15M | 74.10M | 77.23M | 64.67M |
| Shares Outstanding (Diluted) | 65.13M | 68.04M | 71.84M | 74.61M | 77.56M | 64.67M |
| EPS (Basic) | 2.17 | 1.49 | 1.20 | 1.11 | 0.69 | -0.48 |
| EPS (Diluted) | 2.15 | 1.47 | 1.19 | 1.10 | 0.69 | -0.48 |
| Free Cash Flow | 122.80M | 48.06M | 169.12M | -17.55M | 84.54M | 94.40M |
| Free Cash Flow Per Share | 1.89 | 0.71 | 2.35 | -0.23 | 1.09 | 1.46 |
| Dividend Per Share | 0.28 | 0.24 | 0.20 | 0.15 | ||
| Gross Margin | 54.61% | 54.25% | 56.38% | 54.42% | 45.41% | 44.88% |
| Operating Margin | 25.96% | 23.89% | 25.27% | 24.04% | 11.81% | 14.92% |
| Profit Margin | 22.80% | 17.06% | 15.10% | 14.94% | 11.29% | -7.62% |
| Free Cash Flow Margin | 19.98% | 8.19% | 29.84% | -3.19% | 17.84% | 23.22% |
| EBITDA | 265.24M | 251.57M | 253.16M | 261.58M | 182.16M | 149.12M |
| EBITDA Margin | 43.16% | 42.86% | 44.67% | 47.50% | 38.45% | 36.69% |
| D&A For EBITDA | 105.71M | 111.35M | 109.98M | 129.20M | 126.22M | 88.49M |
| EBIT | 159.53M | 140.22M | 143.18M | 132.38M | 55.94M | 60.63M |
| EBIT Margin | 25.96% | 23.89% | 25.27% | 24.04% | 11.81% | 14.92% |
| Effective Tax Rate | 8.73% | 10.55% | 4.43% | 4.74% | 9.78% | |
| Revenue as Reported | 614.47M | 586.96M | 566.68M | 550.74M | 473.79M | 406.48M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 225.89M | 154.95M | 130.82M | 149.60M | 146.67M | 124.22M |
| Cash & Short-Term Investments | 225.89M | 154.95M | 130.82M | 149.60M | 146.67M | 124.22M |
| Accounts Receivable | 38.59M | 34.81M | 29.04M | 34.65M | 18.25M | 31.91M |
| Other Receivables | 28.49M | 20.89M | 22.97M | 36.37M | 27.18M | 29.74M |
| Receivables | 67.08M | 55.70M | 52.01M | 71.02M | 45.43M | 61.65M |
| Inventory | 19.47M | 15.41M | 13.75M | 9.04M | 8.55M | 13.17M |
| Prepaid Expenses | 22.42M | 18.57M | 12.32M | 16.07M | 18.35M | 15.69M |
| Restricted Cash | 47.94M | 49.92M | 8.98M | 8.64M | 6.53M | |
| Other Current Assets | 800.00K | 900.00K | 2.50M | 1.00M | 2.80M | 600.00K |
| Total Current Assets | 383.59M | 295.45M | 220.38M | 255.37M | 228.32M | 215.34M |
| Property, Plant & Equipment | 1.68B | 1.72B | 1.70B | 1.76B | 1.70B | 1.76B |
| Long-Term Investments | 250.19M | 249.31M | 260.92M | 189.58M | 170.49M | 150.79M |
| Other Intangible Assets | 293.00K | 360.00K | 406.00K | 332.00K | 239.00K | 400.00K |
| Other Long-Term Assets | 8.29M | 16.05M | 1.25M | 1.37M | 26.40M | |
| Total Assets | 2.32B | 2.28B | 2.18B | 2.20B | 2.10B | 2.16B |
| Accounts Payable | 14.02M | 12.64M | 13.82M | 11.64M | 7.77M | 11.60M |
| Accrued Expenses | 45.71M | 39.53M | 29.17M | 26.94M | 29.51M | 25.27M |
| Current Portion of Long-Term Debt | 139.99M | 170.28M | 250.09M | 120.33M | 99.01M | 148.57M |
| Current Portion of Leases | 967.00K | 1.20M | 1.18M | 914.00K | 219.00K | 381.00K |
| Current Unearned Revenue | 23.73M | 27.28M | 24.51M | 25.62M | 23.11M | 18.51M |
| Total Current Liabilities | 224.42M | 250.95M | 318.77M | 185.44M | 159.62M | 204.34M |
| Long-Term Debt | 780.36M | 732.14M | 603.44M | 773.65M | 755.42M | 834.71M |
| Long-Term Leases | 4.74M | 1.64M | 2.57M | 3.50M | 4.03M | 522.00K |
| Long-Term Unearned Revenue | 18.00M | 18.00M | ||||
| Long-Term Deferred Tax Liabilities | 21.04M | 19.65M | 9.48M | 7.02M | 4.25M | 408.00K |
| Total Liabilities | 1.05B | 1.02B | 934.26M | 969.61M | 923.33M | 1.04B |
| Common Stock | 616.00K | 653.00K | 695.00K | 733.00K | 769.00K | 772.00K |
| Additional Paid-In Capital | 800.59M | 799.43M | 800.80M | 799.47M | 798.19M | 797.32M |
| Retained Earnings | 438.45M | 427.16M | 404.52M | 390.22M | 364.00M | 316.01M |
| Comprehensive Income & Other | -949.00K | -408.00K | -548.00K | -152.00K | -463.00K | -253.00K |
| Total Common Equity | 1.24B | 1.23B | 1.21B | 1.19B | 1.16B | 1.11B |
| Minority Interest | 33.24M | 29.90M | 40.90M | 42.80M | 10.92M | 3.60M |
| Shareholders' Equity | 1.27B | 1.26B | 1.25B | 1.23B | 1.17B | 1.12B |
| Total Liabilities & Equity | 2.32B | 2.28B | 2.18B | 2.20B | 2.10B | 2.16B |
| Total Debt | 926.06M | 905.27M | 857.28M | 898.39M | 858.68M | 984.18M |
| Net Cash (Debt) | -700.16M | -750.32M | -726.46M | -748.79M | -712.01M | -859.96M |
| Net Cash Per Share | -10.75 | -11.03 | -10.11 | -10.04 | -9.18 | -13.30 |
| Filing Date Shares Outstanding | 61.49M | 65.25M | 69.26M | 73.18M | 75.24M | 77.18M |
| Total Common Shares Outstanding | 61.49M | 65.25M | 69.40M | 73.21M | 76.80M | 77.18M |
| Working Capital | 159.18M | 44.51M | -98.39M | 69.93M | 68.70M | 11.00M |
| Book Value Per Share | 20.14 | 18.80 | 17.37 | 16.26 | 15.14 | 14.43 |
| Tangible Book Value | 1.24B | 1.23B | 1.21B | 1.19B | 1.16B | 1.11B |
| Tangible Book Value Per Share | 20.14 | 18.80 | 17.36 | 16.25 | 15.13 | 14.43 |
| Machinery | 2.36B | 2.40B | 2.47B | 2.47B | 2.33B | 2.31B |
| Construction In Progress | 140.07M | 115.32M | 41.59M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 140.08M | 100.12M | 85.57M | 82.25M | 53.47M | -30.96M |
| Depreciation & Amortization | 105.71M | 111.35M | 109.98M | 129.20M | 126.22M | 88.49M |
| Other Amortization | 26.46M | 26.62M | 26.83M | 3.72M | 3.86M | 3.67M |
| Loss (Gain) From Sale of Assets | -39.91M | -25.21M | -4.80M | -4.72M | ||
| Asset Writedown & Restructuring Costs | 63.58M | |||||
| Loss (Gain) From Sale of Investments | 6.27M | |||||
| Loss (Gain) on Equity Investments | -13.86M | -8.04M | -16.91M | -20.61M | -25.79M | -11.15M |
| Stock-Based Compensation | 2.15M | 1.83M | 1.33M | 1.28M | 869.00K | 1.37M |
| Other Operating Activities | -5.06M | -5.42M | -13.33M | 1.39M | -41.93M | -21.84M |
| Change in Accounts Receivable | -7.82M | -5.77M | 5.62M | -16.41M | 13.66M | -7.87M |
| Change in Inventory | -5.23M | -1.66M | -4.71M | -496.00K | 3.96M | -2.70M |
| Change in Accounts Payable | -1.75M | 11.95M | 3.31M | 4.50M | 6.64M | 3.21M |
| Change in Other Net Operating Assets | -7.09M | -4.12M | 12.85M | -5.63M | -12.20M | 12.15M |
| Operating Cash Flow | 193.68M | 201.66M | 210.52M | 174.41M | 130.31M | 97.94M |
| Capital Expenditures | -70.88M | -153.60M | -41.40M | -191.96M | -45.77M | -3.54M |
| Sale of Property, Plant & Equipment | 80.83M | 47.83M | 20.72M | 38.76M | 4.53M | |
| Cash Acquisitions | 17.48M | |||||
| Investment in Securities | 6.81M | -5.25M | -90.25M | -36.56M | -4.00M | |
| Other Investing Activities | 27.66M | 29.91M | 30.66M | 31.32M | 36.73M | 18.59M |
| Investing Cash Flow | 44.42M | -81.10M | -100.99M | -176.48M | 29.73M | 33.06M |
| Long-Term Debt Issued | 414.60M | 222.01M | 323.56M | 139.27M | 18.00M | |
| Total Debt Issued | 115.61M | 414.60M | 222.01M | 323.56M | 139.27M | 18.00M |
| Long-Term Debt Repaid | -367.27M | -273.64M | -284.11M | -254.73M | -84.07M | |
| Net Debt Issued (Repaid) | -111.46M | 47.33M | -51.63M | 39.45M | -115.46M | -66.07M |
| Repurchase of Common Stock | -96.42M | -62.72M | -57.05M | -48.74M | -5.49M | |
| Common Dividends Paid | -16.49M | -14.76M | -14.25M | -7.33M | ||
| Other Financing Activities | -23.62M | -24.06M | -3.08M | 23.72M | -7.28M | -26.00K |
| Financing Cash Flow | -248.00M | -54.21M | -126.01M | 7.10M | -128.22M | -66.09M |
| Foreign Exchange Rate Adjustments | -3.70M | -1.27M | -1.97M | 17.00K | -2.84M | 48.00K |
| Net Cash Flow | -13.60M | 65.07M | -18.45M | 5.05M | 28.97M | 64.95M |
| Free Cash Flow | 122.80M | 48.06M | 169.12M | -17.55M | 84.54M | 94.40M |
| Free Cash Flow Margin | 19.98% | 8.19% | 29.84% | -3.19% | 17.84% | 23.22% |
| Free Cash Flow Per Share | 1.89 | 0.71 | 2.35 | -0.23 | 1.09 | 1.46 |
| Levered Free Cash Flow | 105.42M | -3.86M | 165.45M | -40.56M | 116.27M | 105.45M |
| Unlevered Free Cash Flow | 134.84M | 31.38M | 201.65M | 952.62K | 130.75M | 125.47M |
| Cash Interest Paid | 53.08M | 56.12M | 53.79M | 62.11M | 48.60M | 33.02M |
| Cash Income Tax Paid | 2.16M | 2.09M | 1.94M | 1.80M | 2.44M | 579.00K |
| Change in Working Capital | -21.88M | 398.00K | 17.06M | -18.03M | 12.06M | 4.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.23B | 1.14B | 1.07B | 1.07B | 924.08M | 684.60M |
| Enterprise Value | 1.93B | 1.95B | 1.80B | 1.90B | 1.67B | 1.53B |
| Last Close Price | 20.00 | 17.15 | 14.98 | 14.03 | 11.45 | 8.49 |
| PE Ratio | 9.29 | 11.34 | 12.46 | 12.96 | 17.28 | |
| Forward PE | 11.43 | 9.67 | 9.48 | 10.08 | 10.46 | 6.62 |
| PS Ratio | 2.00 | 1.93 | 1.88 | 1.94 | 1.95 | 1.68 |
| PB Ratio | 0.99 | 0.90 | 0.85 | 0.86 | 0.79 | 0.61 |
| P/TBV Ratio | 0.99 | 0.93 | 0.89 | 0.90 | 0.80 | 0.61 |
| P/FCF Ratio | 10.02 | 23.62 | 6.30 | 10.93 | 7.25 | |
| P/OCF Ratio | 6.35 | 5.63 | 5.06 | 6.11 | 7.09 | 6.99 |
| PEG Ratio | 0.51 | 0.42 | 3.48 | 3.48 | 3.48 | 3.48 |
| EV/Sales Ratio | 3.14 | 3.33 | 3.18 | 3.44 | 3.52 | 3.77 |
| EV/EBITDA Ratio | 7.28 | 7.76 | 7.12 | 7.25 | 9.15 | 10.29 |
| EV/EBIT Ratio | 12.10 | 13.93 | 12.59 | 14.32 | 29.81 | 25.31 |
| EV/FCF Ratio | 15.72 | 40.64 | 10.66 | 19.72 | 16.26 | |
| Debt / Equity Ratio | 0.73 | 0.72 | 0.69 | 0.73 | 0.73 | 0.88 |
| Debt / EBITDA Ratio | 3.48 | 3.58 | 3.37 | 3.42 | 4.68 | 6.57 |
| Debt / FCF Ratio | 7.54 | 18.83 | 5.07 | 10.16 | 10.43 | |
| Net Debt / Equity Ratio | 0.55 | 0.60 | 0.58 | 0.61 | 0.61 | 0.77 |
| Net Debt / EBITDA Ratio | 2.64 | 2.98 | 2.87 | 2.86 | 3.91 | 5.77 |
| Net Debt / FCF Ratio | 5.70 | 15.61 | 4.30 | -42.67 | 8.42 | 9.11 |
| Asset Turnover | 0.26 | 0.26 | 0.26 | 0.26 | 0.22 | 0.20 |
| Inventory Turnover | 16.55 | 18.42 | 21.69 | 28.54 | 23.82 | 20.75 |
| Quick Ratio | 1.30 | 0.84 | 0.57 | 1.19 | 1.20 | 0.91 |
| Current Ratio | 1.71 | 1.18 | 0.69 | 1.38 | 1.43 | 1.05 |
| Return on Equity (ROE) | 11.73% | 8.46% | 7.59% | 7.22% | 4.79% | -2.84% |
| Return on Assets (ROA) | 4.24% | 3.93% | 4.08% | 3.85% | 1.64% | 1.90% |
| Return on Invested Capital (ROIC) | 7.32% | 6.30% | 6.92% | 6.52% | 2.61% | 3.26% |
| Return on Capital Employed (ROCE) | 7.60% | 6.90% | 7.70% | 6.60% | 2.90% | 3.10% |
| Earnings Yield | 10.76% | 8.82% | 8.03% | 7.71% | 5.79% | -4.52% |
| FCF Yield | 9.98% | 4.23% | 15.86% | -1.65% | 9.15% | 13.79% |
| Dividend Yield | 1.60% | 1.38% | 1.30% | 1.03% | ||
| Payout Ratio | 13.01% | 14.74% | 16.66% | 8.92% | ||
| Buyback Yield / Dilution | 7.06% | 5.29% | 3.71% | 3.81% | -19.93% | -15.72% |
| Total Shareholder Return | 8.66% | 6.67% | 5.01% | 4.83% | -19.93% | -15.72% |