Danaos Corporation Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Danaos Corporation has an operating margin of 53.3%, meaning the company retains $53 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 59.6% the prior year.
Danaos Corporation's revenue grew a modest 4.2% year-over-year to $1.0B. This slow but positive growth earns a score of 40/100.
Danaos Corporation carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.97, Danaos Corporation holds $3.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Danaos Corporation's ROE of 14.8% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 19.1% the prior year.
Danaos Corporation scores 2.99, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Danaos Corporation passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Danaos Corporation generates $1.23 in operating cash flow ($621.8M OCF vs $505.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Danaos Corporation earns $11.9 in operating income for every $1 of interest expense ($540.9M vs $45.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Danaos Corporation (DAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Key Financial Metrics
Danaos Corporation generated $1.0B in revenue in fiscal year 2024. This represents an increase of 4.2% from the prior year.
Danaos Corporation's EBITDA was $689.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.9% from the prior year.
Danaos Corporation reported $505.1M in net income in fiscal year 2024. This represents a decrease of 12.4% from the prior year.
Danaos Corporation earned $26.05 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.0% from the prior year.
Danaos Corporation held $453.4M in cash against $699.6M in long-term debt as of fiscal year 2024.
Danaos Corporation paid $3.25 per share in dividends in fiscal year 2024. This represents an increase of 6.6% from the prior year.
Danaos Corporation had 19M shares outstanding in fiscal year 2024. This represents a decrease of 2.2% from the prior year.
Danaos Corporation's operating margin was 53.3% in fiscal year 2024, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
Danaos Corporation's net profit margin was 49.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.4 percentage points from the prior year.
Danaos Corporation's ROE was 14.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.4 percentage points from the prior year.
Danaos Corporation spent $53.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.5% from the prior year.
DAC Income Statement
| Metric | Q2'25 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.2M+6.4% | $246.3M | N/A | $241.5M | N/A | $250.9M | N/A | $146.4M |
| 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 | $11.2M-0.8% | $11.3M | N/A | $7.2M | N/A | $7.1M | N/A | $7.1M |
| Operating Income | $125.5M-10.3% | $140.0M | N/A | $147.6M | N/A | $156.8M | N/A | $72.8M |
| Interest Expense | $9.7M+90.2% | $5.1M | N/A | $5.9M | N/A | $16.1M | N/A | $18.2M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $2.3M | N/A | N/A |
| Net Income | $130.9M-7.3% | $141.2M | N/A | $147.0M | N/A | $8.2M | N/A | $372.8M |
| EPS (Diluted) | $7.12-1.5% | $7.23 | N/A | $7.32 | N/A | $0.40 | N/A | $18.10 |
DAC Balance Sheet
| Metric | Q2'25 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B+4.1% | $4.3B+18.6% | $3.7B+5.1% | $3.5B+2.5% | $3.4B-9.0% | $3.7B+3.1% | $3.6B+13.3% | $3.2B |
| Current Assets | $807.4M+20.3% | $671.0M+33.7% | $501.8M+2.9% | $487.8M+30.9% | $372.5M-46.9% | $701.8M+11.0% | $632.5M+81.5% | $348.5M |
| Cash & Equivalents | $546.2M+20.5% | $453.4M+66.8% | $271.8M-7.3% | $293.3M+9.6% | $267.7M-16.2% | $319.6M+146.9% | $129.4M-56.0% | $294.4M |
| Inventory | $21.6M-9.5% | $23.9M-2.6% | $24.5M+53.0% | $16.0M-0.5% | $16.1M+11.5% | $14.4M+14.8% | $12.6M+28.4% | $9.8M |
| Accounts Receivable | $27.5M+7.3% | $25.6M+157.6% | $9.9M+22.7% | $8.1M+43.6% | $5.6M+1.7% | $5.5M-22.2% | $7.1M+0.1% | $7.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $928.6M+1.1% | $918.9M+42.5% | $644.8M-7.2% | $695.0M-17.2% | $839.8M-37.8% | $1.4B-12.2% | $1.5B+3.5% | $1.5B |
| Current Liabilities | $150.7M-10.8% | $169.0M+0.5% | $168.2M-9.1% | $185.1M-19.0% | $228.4M-32.0% | $336.1M+5.3% | $319.3M+39.5% | $228.8M |
| Long-Term Debt | $723.5M+3.4% | $699.6M+82.7% | $382.9M-1.7% | $389.6M-3.2% | $402.4M-49.1% | $790.3M-22.4% | $1.0B-2.1% | $1.0B |
| Total Equity | $3.6B+4.9% | $3.4B+13.5% | $3.0B+8.1% | $2.8B+8.9% | $2.6B+7.2% | $2.4B+14.3% | $2.1B+21.9% | $1.7B |
| Retained Earnings | $3.1B+7.5% | $2.8B+18.4% | $2.4B+11.8% | $2.1B+13.9% | $1.9B+11.1% | $1.7B+22.2% | $1.4B+35.3% | $1.0B |
DAC Cash Flow Statement
| Metric | Q2'25 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | $15.6M+0.6% | $15.5M | N/A | $15.1M | N/A | $15.5M | N/A | $10.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DAC Financial Ratios
| Metric | Q2'25 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 47.9%-8.9pp | 56.8% | N/A | 61.1% | N/A | 62.5% | N/A | 49.7% |
| Net Margin | 49.9%-7.4pp | 57.3% | N/A | 60.9% | N/A | 3.3% | N/A | 254.6% |
| Return on Equity | 3.6%-0.7pp | 4.3% | N/A | 5.3% | N/A | 0.3% | N/A | 21.8% |
| Return on Assets | 2.9%-0.6pp | 3.5% | N/A | 4.2% | N/A | 0.2% | N/A | 11.7% |
| Current Ratio | 5.36+1.4 | 3.97+1.0 | 2.98+0.3 | 2.64+1.0 | 1.63-0.5 | 2.09+0.1 | 1.98+0.5 | 1.52 |
| Debt-to-Equity | 0.200.0 | 0.20+0.1 | 0.13-0.0 | 0.14-0.0 | 0.16-0.2 | 0.33-0.2 | 0.49-0.1 | 0.61 |
| 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 2024. This represents a 4.2% 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 4.2% year-over-year, from $973.6M to $1.0B in fiscal year 2024.
Is Danaos Corporation profitable?
Yes, Danaos Corporation (DAC) reported a net income of $505.1M in fiscal year 2024, with a net profit margin of 49.8%.
What is Danaos Corporation's earnings per share (EPS)?
Danaos Corporation (DAC) reported diluted earnings per share of $26.05 for fiscal year 2024. This represents a -10.0% 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.
What is Danaos Corporation's EBITDA?
Danaos Corporation (DAC) had EBITDA of $689.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Danaos Corporation have?
As of fiscal year 2024, Danaos Corporation (DAC) had $453.4M in cash and equivalents against $699.6M in long-term debt.
What is Danaos Corporation's operating margin?
Danaos Corporation (DAC) had an operating margin of 53.3% in fiscal year 2024, 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 49.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Danaos Corporation pay dividends?
Yes, Danaos Corporation (DAC) paid $3.25 per share in dividends during fiscal year 2024.
What is Danaos Corporation's return on equity (ROE)?
Danaos Corporation (DAC) has a return on equity of 14.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Danaos Corporation's operating cash flow?
Danaos Corporation (DAC) generated $621.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Danaos Corporation's total assets?
Danaos Corporation (DAC) had $4.3B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Danaos Corporation buy back shares?
Yes, Danaos Corporation (DAC) spent $53.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Danaos Corporation have outstanding?
Danaos Corporation (DAC) had 19M shares outstanding as of fiscal year 2024.
What is Danaos Corporation's current ratio?
Danaos Corporation (DAC) had a current ratio of 3.97 as of fiscal year 2024, which is generally considered healthy.
What is Danaos Corporation's debt-to-equity ratio?
Danaos Corporation (DAC) had a debt-to-equity ratio of 0.20 as of fiscal year 2024, 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 11.6% for fiscal year 2024, 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 2.99, placing it in the Safe Zone (low bankruptcy 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 5 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 1.23x, 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.
Can Danaos Corporation cover its interest payments?
Danaos Corporation (DAC) has an interest coverage ratio of 11.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Danaos Corporation?
Danaos Corporation (DAC) scores 80 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.