What is Danaos Corporation's earnings per share (EPS)?

Danaos Corporation (DAC) reported diluted earnings per share of $26.76 for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Danaos Corporation Financials

DAC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Danaos Corporation (DAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 68/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Danaos Corporation has an operating margin of 47.9%, meaning the company retains $48 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 53.3% the prior year.

Growth

Danaos Corporation's revenue grew a modest 2.8% year-over-year to $1.0B. This slow but positive growth earns a score of 38/100.

Leverage

Danaos Corporation carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Danaos Corporation's current ratio of 3.28 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Danaos Corporation's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 40/100. This is down from 14.8% the prior year.

Altman Z-Score Grey Zone

2.55

Danaos Corporation scores 2.55, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Danaos Corporation passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.30x

For every $1 of reported earnings, Danaos Corporation generates $1.30 in operating cash flow ($644.8M OCF vs $494.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+2.8%

5Y CAGR+17.7%

10Y CAGR+6.3%

Danaos Corporation generated $1.0B in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.

EBITDA

$662.1M

YoY-3.9%

5Y CAGR+17.1%

10Y CAGR+5.8%

Danaos Corporation's EBITDA was $662.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.9% from the prior year.

Net Income

$494.6M

YoY-2.1%

5Y CAGR+26.4%

10Y CAGR+15.5%

Danaos Corporation reported $494.6M in net income in fiscal year 2025. This represents a decrease of 2.1% from the prior year.

EPS (Diluted)

$26.76

YoY+2.7%

5Y CAGR+32.9%

Danaos Corporation earned $26.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.0B

YoY+128.8%

5Y CAGR+73.7%

10Y CAGR+30.5%

Danaos Corporation held $1.0B in cash against $872.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.45

YoY+6.2%

Danaos Corporation paid $3.45 per share in dividends in fiscal year 2025. This represents an increase of 6.2% from the prior year.

Shares Outstanding

18M

YoY-3.8%

5Y CAGR-2.2%

10Y CAGR-16.4%

Danaos Corporation had 18M shares outstanding in fiscal year 2025. This represents a decrease of 3.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

47.9%

YoY-5.5pp

5Y CAGR+4.6pp

10Y CAGR+4.8pp

Danaos Corporation's operating margin was 47.9% in fiscal year 2025, reflecting core business profitability. This is down 5.5 percentage points from the prior year.

Net Margin

47.4%

YoY-2.4pp

5Y CAGR+14.2pp

10Y CAGR+26.8pp

Danaos Corporation's net profit margin was 47.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.4 percentage points from the prior year.

Return on Equity

13.0%

YoY-1.7pp

5Y CAGR-1.8pp

10Y CAGR-0.9pp

Danaos Corporation's ROE was 13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$75.7M

YoY+42.0%

5Y CAGR+19.5%

Danaos Corporation spent $75.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 42.0% from the prior year.

Capital Expenditures

N/A

DAC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.0B+2.8%	$1.0B+4.2%	$973.6M-2.0%	$993.3M+44.1%	$689.5M+49.4%	$461.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$64.4M+18.8%	$54.2M+24.7%	$43.5M+18.9%	$36.6M-16.8%	$44.0M+80.6%	$24.3M
Operating Income	$498.8M-7.8%	$540.9M-6.9%	$580.7M-11.1%	$653.4M+82.4%	$358.3M+79.6%	$199.5M
Interest Expense	N/A	$45.3M+121.4%	$20.5M-67.1%	$62.1M-9.9%	$69.0M+29.0%	$53.5M
Income Tax	$0	$0	$0-100.0%	$18.3M+209.8%	$5.9M	N/A
Net Income	$494.6M-2.1%	$505.1M-12.4%	$576.3M+3.1%	$559.2M-46.9%	$1.1B+585.7%	$153.6M
EPS (Diluted)	$26.76+2.7%	$26.05-10.0%	$28.95+6.1%	$27.28-46.7%	$51.15+693.0%	$6.45

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Revenue	N/A	$262.2M	N/A	N/A	$246.3M	N/A	N/A	$241.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$11.2M	N/A	N/A	$11.3M	N/A	N/A	$7.2M
Operating Income	N/A	$125.5M	N/A	N/A	$140.0M	N/A	N/A	$147.6M
Interest Expense	N/A	$9.7M	N/A	N/A	$5.1M	N/A	N/A	$5.9M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	$130.9M+13.7%	$115.1M	N/A	$141.2M-6.2%	$150.5M	N/A	$147.0M
EPS (Diluted)	N/A	$7.12	N/A	N/A	$7.23	N/A	N/A	$7.32

DAC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.1B+17.7%	$4.3B+18.6%	$3.7B+7.7%	$3.4B-6.3%	$3.6B+33.6%	$2.7B
Current Assets	$1.3B+96.6%	$671.0M+33.7%	$501.8M+34.7%	$372.5M-41.1%	$632.5M+434.0%	$118.4M
Cash & Equivalents	$1.0B+128.8%	$453.4M+66.8%	$271.8M+1.5%	$267.7M+106.8%	$129.4M+97.1%	$65.7M
Inventory	$23.4M-1.9%	$23.9M-2.6%	$24.5M+52.3%	$16.1M+28.0%	$12.6M+30.8%	$9.6M
Accounts Receivable	$38.7M+51.4%	$25.6M+157.6%	$9.9M+76.2%	$5.6M-20.8%	$7.1M-5.8%	$7.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3B+43.5%	$918.9M+42.5%	$644.8M-23.2%	$839.8M-45.4%	$1.5B-8.3%	$1.7B
Current Liabilities	$401.7M+137.7%	$169.0M+0.5%	$168.2M-26.4%	$228.4M-28.5%	$319.3M+33.2%	$239.7M
Long-Term Debt	$872.1M+24.7%	$699.6M+82.7%	$382.9M-4.9%	$402.4M-60.5%	$1.0B-14.3%	$1.2B
Total Equity	$3.8B+10.8%	$3.4B+13.5%	$3.0B+17.8%	$2.6B+22.6%	$2.1B+101.6%	$1.0B
Retained Earnings	$3.3B+15.2%	$2.8B+18.4%	$2.4B+27.3%	$1.9B+35.8%	$1.4B+278.7%	$366.7M

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Total Assets	$5.1B+13.1%	$4.5B	N/A	$4.3B+7.3%	$4.0B	N/A	$3.7B+5.1%	$3.5B
Current Assets	$1.3B+63.4%	$807.4M	N/A	$671.0M+8.5%	$618.1M	N/A	$501.8M+2.9%	$487.8M
Cash & Equivalents	$1.0B+89.9%	$546.2M	N/A	$453.4M+21.7%	$372.4M	N/A	$271.8M-7.3%	$293.3M
Inventory	$23.4M+8.3%	$21.6M	N/A	$23.9M+9.0%	$21.9M	N/A	$24.5M+53.0%	$16.0M
Accounts Receivable	$38.7M+41.1%	$27.5M	N/A	$25.6M+12.5%	$22.7M	N/A	$9.9M+22.7%	$8.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3B+42.0%	$928.6M	N/A	$918.9M+19.5%	$769.1M	N/A	$644.8M-7.2%	$695.0M
Current Liabilities	$401.7M+166.5%	$150.7M	N/A	$169.0M+14.4%	$147.7M	N/A	$168.2M-9.1%	$185.1M
Long-Term Debt	$872.1M+20.5%	$723.5M	N/A	$699.6M+28.5%	$544.5M	N/A	$382.9M-1.7%	$389.6M
Total Equity	$3.8B+5.7%	$3.6B+2.8%	$3.5B+2.0%	$3.4B+4.5%	$3.3B+4.0%	$3.1B+4.4%	$3.0B+8.1%	$2.8B
Retained Earnings	$3.3B+7.1%	$3.1B	N/A	$2.8B+6.8%	$2.7B	N/A	$2.4B+11.8%	$2.1B

DAC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$644.8M+3.7%	$621.8M+7.9%	$576.3M-38.3%	$934.7M+118.3%	$428.1M+61.1%	$265.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$325.7M+50.0%	-$650.8M-92.2%	-$338.5M-291.7%	$176.6M+223.3%	-$143.1M+16.2%	-$170.7M
Financing Cash Flow	$264.9M+25.8%	$210.6M+190.2%	-$233.6M+76.0%	-$973.4M-340.7%	-$220.9M-31.1%	-$168.4M
Dividends Paid	$63.5M+1.2%	$62.8M+3.5%	$60.7M-1.3%	$61.5M+99.1%	$30.9M	N/A
Share Buybacks	$75.7M+42.0%	$53.3M-24.5%	$70.6M+147.3%	$28.6M	N/A	$31.1M

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	$15.6M-2.1%	$15.9M	N/A	$15.5M-0.4%	$15.5M	N/A	$15.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DAC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	47.9%-5.5pp	53.3%-6.3pp	59.6%-6.1pp	65.8%+13.8pp	52.0%+8.7pp	43.2%
Net Margin	47.4%-2.4pp	49.8%-9.4pp	59.2%+2.9pp	56.3%-96.4pp	152.7%+119.4pp	33.3%
Return on Equity	13.0%-1.7pp	14.8%-4.4pp	19.1%-2.7pp	21.8%-28.6pp	50.4%+35.6pp	14.8%
Return on Assets	9.7%-2.0pp	11.6%-4.1pp	15.7%-0.7pp	16.4%-12.6pp	29.0%+23.4pp	5.7%
Current Ratio	3.28-0.7	3.97+1.0	2.98+1.4	1.63-0.3	1.98+1.5	0.49
Debt-to-Equity	0.23+0.0	0.20+0.1	0.13-0.0	0.16-0.3	0.49-0.7	1.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	47.9%	N/A	N/A	56.8%	N/A	N/A	61.1%
Net Margin	N/A	49.9%	N/A	N/A	57.3%	N/A	N/A	60.9%
Return on Equity	N/A	3.6%+0.3pp	3.3%	N/A	4.3%-0.5pp	4.8%	N/A	5.3%
Return on Assets	N/A	2.9%	N/A	N/A	3.5%	N/A	N/A	4.2%
Current Ratio	3.28-2.1	5.36	N/A	3.97-0.2	4.18	N/A	2.98+0.3	2.64
Debt-to-Equity	0.23+0.0	0.20	N/A	0.20+0.0	0.17	N/A	0.13-0.0	0.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Danaos Corporation's annual revenue?

Danaos Corporation (DAC) reported $1.0B in total revenue for fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Danaos Corporation's revenue growing?

Danaos Corporation (DAC) revenue grew by 2.8% year-over-year, from $1.0B to $1.0B in fiscal year 2025.

Is Danaos Corporation profitable?

Yes, Danaos Corporation (DAC) reported a net income of $494.6M in fiscal year 2025, with a net profit margin of 47.4%.

What is Danaos Corporation's EBITDA?

Danaos Corporation (DAC) had EBITDA of $662.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Danaos Corporation have?

As of fiscal year 2025, Danaos Corporation (DAC) had $1.0B in cash and equivalents against $872.1M in long-term debt.

What is Danaos Corporation's operating margin?

Danaos Corporation (DAC) had an operating margin of 47.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Danaos Corporation's net profit margin?

Danaos Corporation (DAC) had a net profit margin of 47.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Danaos Corporation pay dividends?

Yes, Danaos Corporation (DAC) paid $3.45 per share in dividends during fiscal year 2025.

What is Danaos Corporation's return on equity (ROE)?

Danaos Corporation (DAC) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Danaos Corporation's operating cash flow?

Danaos Corporation (DAC) generated $644.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Danaos Corporation's total assets?

Danaos Corporation (DAC) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Danaos Corporation buy back shares?

Yes, Danaos Corporation (DAC) spent $75.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Danaos Corporation have outstanding?

Danaos Corporation (DAC) had 18M shares outstanding as of fiscal year 2025.

What is Danaos Corporation's current ratio?

Danaos Corporation (DAC) had a current ratio of 3.28 as of fiscal year 2025, which is generally considered healthy.

What is Danaos Corporation's debt-to-equity ratio?

Danaos Corporation (DAC) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Danaos Corporation's return on assets (ROA)?

Danaos Corporation (DAC) had a return on assets of 9.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Danaos Corporation's Altman Z-Score?

Danaos Corporation (DAC) has an Altman Z-Score of 2.55, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Danaos Corporation's Piotroski F-Score?

Danaos Corporation (DAC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Danaos Corporation's earnings high quality?

Danaos Corporation (DAC) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Danaos Corporation?

Danaos Corporation (DAC) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.