Danaos Corporation Financials
Danaos Corporation (DAC) reported $1.0B in revenue for fiscal year 2025, up 2.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Cash-rich asset expansion defines the recent pattern: margins are normalizing while profit still turns into liquidity and payouts.
From FY2022 to FY2025, revenue stayed near$1.0B , but operating margin fell from65.8% to47.9% ; meanwhile, operating cash flow roughly matched or exceeded net income across the last three years. That combination points to lower unit economics rather than weak collections: the business is earning less on each dollar of activity, but cash conversion quality remains intact.
FY2025 ended with
Capital returns appear to be funded from surplus generation, not from balance-sheet strain: dividends paid stayed near
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Danaos Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 96/100, reflecting efficient cost management and pricing power. This is down from 53.3% the prior year.
Danaos Corporation's revenue grew a modest 2.8% year-over-year to $1.0B. This slow but positive growth earns a score of 44/100.
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 92/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.28, Danaos Corporation holds $3.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.
Not available for Danaos Corporation, and counted as zero in the overall score.
Danaos Corporation earns a strong 13.0% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 14.8% the prior year.
Danaos Corporation scores 2.86, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Danaos Corporation passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
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
Earnings & Revenue
Danaos Corporation generated $1.0B in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.
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.
Danaos Corporation reported $494.6M in net income in fiscal year 2025. This represents a decrease of 2.1% from the prior year.
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
Danaos Corporation held $1.0B in cash against $872.1M in long-term debt as of fiscal year 2025.
Danaos Corporation paid $3.45 per share in dividends in fiscal year 2025. This represents an increase of 6.2% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
DAC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+2.8% | $1.0B+4.2% | $973.6M-2.0% | $993.3M+44.1% | $689.5M+49.4% | $461.6M+3.2% | $447.2M-2.5% | $458.7M+1.5% | $451.7M-9.4% | $498.3M-12.3% | $567.9M+2.9% | $552.1M-6.1% | $588.1M-0.2% | $589.0M+25.8% | $468.1M |
| 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-9.3% | $26.8M+1.9% | $26.3M+16.2% | $22.7M+2.6% | $22.1M+1.3% | $21.8M+1.8% | $21.4M+10.2% | $19.5M-4.5% | $20.4M-3.1% | $21.0M |
| Operating Income | $498.8M-7.8% | $540.9M-6.9% | $580.7M-11.1% | $653.4M+82.4% | $358.3M+79.6% | $199.5M-0.8% | $201.1M+1758.8% | -$12.1M-106.5% | $187.5M+188.2% | -$212.6M-187.0% | $244.4M+27.0% | $192.4M-29.4% | $272.5M+78.1% | $153.0M-25.5% | $205.2M |
| Interest Expense | N/A | $45.3M+121.4% | $20.5M-67.1% | $62.1M-9.9% | $69.0M+29.0% | $53.5M-25.8% | $72.1M-15.9% | $85.7M-1.0% | $86.6M+4.3% | $83.0M-1.7% | $84.4M-11.2% | $95.0M+4.2% | $91.2M+4.4% | $87.3M+58.4% | $55.1M |
| Income Tax | $0 | $0 | $0-100.0% | $18.3M+209.8% | $5.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 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+17.0% | $131.3M+498.5% | -$32.9M-139.3% | $83.9M+122.9% | -$366.2M-412.9% | $117.0M+3085.1% | -$3.9M-110.4% | $37.5M+135.7% | -$105.2M-882.9% | $13.4M |
| EPS (Diluted) | $26.76+2.7% | $26.05-10.0% | $28.95+6.1% | $27.28-46.7% | $51.15+693.0% | $6.45-20.3% | $8.09 | -$3.10 | $10.70 | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
DAC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1B+17.7% | $4.3B+18.6% | $3.7B+7.7% | $3.4B-6.3% | $3.6B+33.6% | $2.7B+1.2% | $2.7B+0.1% | $2.7B-10.3% | $3.0B-4.5% | $3.1B-14.6% | $3.7B-4.9% | $3.9B-5.3% | $4.1B-3.5% | $4.2B+5.6% | $4.0B |
| Current Assets | $1.3B+96.6% | $671.0M+33.7% | $501.8M+34.7% | $372.5M-41.1% | $632.5M+434.0% | $118.4M-37.8% | $190.4M+59.0% | $119.8M-5.0% | $126.0M-7.3% | $136.0M+6.6% | $127.6M+23.8% | $103.1M-18.8% | $126.9M+28.6% | $98.7M+5.8% | $93.3M |
| Cash & Equivalents | $1.0B+128.8% | $453.4M+66.8% | $271.8M+1.5% | $267.7M+106.8% | $129.4M+97.1% | $65.7M-52.8% | $139.2M+80.1% | $77.3M+15.5% | $66.9M-9.3% | $73.7M+2.0% | $72.3M+25.2% | $57.7M-15.3% | $68.2M+22.5% | $55.6M+8.3% | $51.4M |
| Inventory | $23.4M-1.9% | $23.9M-2.6% | $24.5M+52.3% | $16.1M+28.0% | $12.6M+30.8% | $9.6M+13.2% | $8.5M-4.4% | $8.9M+0.5% | $8.8M-22.4% | $11.4M+3.2% | $11.0M-5.4% | $11.7M-19.5% | $14.5M-18.2% | $17.7M+9.5% | $16.2M |
| Accounts Receivable | $38.7M+51.4% | $25.6M+157.6% | $9.9M+76.2% | $5.6M-20.8% | $7.1M-5.8% | $7.6M+5.8% | $7.1M-22.5% | $9.2M+41.9% | $6.5M-19.0% | $8.0M-24.6% | $10.7M+34.8% | $7.9M-1.7% | $8.0M+114.9% | $3.7M-10.4% | $4.2M |
| Total Liabilities | $1.3B+43.5% | $918.9M+42.5% | $644.8M-23.2% | $839.8M-45.4% | $1.5B-8.3% | $1.7B-6.8% | $1.8B-9.4% | $2.0B-18.4% | $2.4B-7.6% | $2.6B-6.4% | $2.8B-10.8% | $3.2B-8.8% | $3.5B-8.1% | $3.8B+6.4% | $3.5B |
| Current Liabilities | $401.7M+137.7% | $169.0M+0.5% | $168.2M-26.4% | $228.4M-28.5% | $319.3M+33.2% | $239.7M+7.4% | $223.1M+0.2% | $222.7M-90.6% | $2.4B-7.3% | $2.6B+722.1% | $312.1M-4.9% | $328.1M-11.3% | $369.9M+1.3% | $365.3M+57.6% | $231.7M |
| 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-6.6% | $1.3B-15.7% | $1.5B | N/A | $2.5B+1.4% | $2.5B-10.9% | $2.8B-6.5% | $3.0B-4.3% | $3.1B+4.6% | $3.0B |
| Total Equity | $3.8B+10.8% | $3.4B+13.5% | $3.0B+17.8% | $2.6B+22.6% | $2.1B+101.6% | $1.0B+17.5% | $881.7M+27.6% | $690.9M+25.9% | $548.7M+12.5% | $487.7M-42.1% | $841.9M+22.3% | $688.1M+15.0% | $598.5M+35.9% | $440.3M-0.5% | $442.5M |
| Retained Earnings | $3.3B+15.2% | $2.8B+18.4% | $2.4B+27.3% | $1.9B+35.8% | $1.4B+278.7% | $366.7M+72.1% | $213.1M+160.4% | $81.8M-28.7% | $114.8M+271.7% | $30.9M-92.2% | $397.1M+41.8% | $280.1M-1.4% | $284.0M+15.2% | $246.5M-29.9% | $351.7M |
Not reported in any period shown, so not listed: Goodwill.
DAC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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+20.8% | $219.9M+33.5% | $164.7M-9.0% | $181.1M-30.9% | $262.0M-3.6% | $271.7M+41.4% | $192.2M+1.7% | $189.0M+13.5% | $166.6M+180.0% | $59.5M |
| 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-699.3% | -$21.4M-158.9% | -$8.3M-569.3% | $1.8M+118.7% | -$9.4M+29.4% | -$13.3M-216.2% | $11.4M+87.9% | $6.1M+101.6% | -$369.8M+42.6% | -$644.6M |
| 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-23.3% | -$136.6M+8.2% | -$148.9M+21.5% | -$189.7M+24.5% | -$251.1M-3.0% | -$243.9M-13.9% | -$214.0M-17.2% | -$182.6M-188.0% | $207.5M-49.0% | $406.6M |
| Dividends Paid | $63.5M+1.2% | $62.8M+3.5% | $60.7M-1.3% | $61.5M+99.1% | $30.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $75.7M+42.0% | $53.3M-24.5% | $70.6M+147.3% | $28.6M | N/A | $31.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
DAC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 47.9%-5.5pp | 53.3%-6.3pp | 59.6%-6.1pp | 65.8%+13.8pp | 52.0%+8.7pp | 43.2%-1.7pp | 45.0%+47.6pp | -2.6%-44.1pp | 41.5%+84.2pp | -42.7%-85.7pp | 43.0%+8.2pp | 34.8%-11.5pp | 46.3%+20.4pp | 26.0%-17.9pp | 43.8% |
| Net Margin | 47.4%-2.4pp | 49.8%-9.4pp | 59.2%+2.9pp | 56.3% | 152.7% | 33.3%+3.9pp | 29.3%+36.5pp | -7.2%-25.8pp | 18.6%+92.0pp | -73.5%-94.1pp | 20.6%+21.3pp | -0.7%-7.1pp | 6.4%+24.2pp | -17.9%-20.7pp | 2.9% |
| 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%-0.1pp | 14.9%+19.7pp | -4.8%-20.1pp | 15.3%+90.4pp | -75.1%-89.0pp | 13.9%+14.5pp | -0.6%-6.8pp | 6.3%+30.2pp | -23.9%-26.9pp | 3.0% |
| 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%+0.8pp | 4.9%+6.1pp | -1.2%-4.0pp | 2.8%+14.5pp | -11.7%-14.9pp | 3.2%+3.3pp | -0.1%-1.0pp | 0.9%+3.4pp | -2.5%-2.8pp | 0.3% |
| Current Ratio | 3.28-0.7x | 3.97+1.0x | 2.98+1.4x | 1.63-0.3x | 1.98+1.5x | 0.49-0.4x | 0.85+0.3x | 0.54+0.5x | 0.050.0x | 0.05-0.4x | 0.41+0.1x | 0.310.0x | 0.34+0.1x | 0.27-0.1x | 0.40 |
| Debt-to-Equity | 0.230.0x | 0.20+0.1x | 0.130.0x | 0.16-0.3x | 0.49-0.7x | 1.15-0.3x | 1.44-0.7x | 2.18-2.3x | 4.44-0.7x | 5.14+2.2x | 2.93-1.1x | 4.03-0.9x | 4.96-2.1x | 7.03+0.3x | 6.69 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Danaos Corporation Ranks
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.
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 2.86, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.