What is Navigator Hldgs Ltd's earnings per share (EPS)?

Navigator Hldgs Ltd (NVGS) reported diluted earnings per share of $1.47 for fiscal year 2025. This represents a 23.5% 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.

Navigator Hldgs Ltd Financials

NVGS

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

This page shows Navigator Hldgs Ltd (NVGS) financial statements, including the 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).

Rhea AI NVGS FY2025 2026-04-22

Navigator’s cash output now hinges on capex timing, revealing an asset-heavy business whose profitability is steadily improving.

FY2023’s negative free cash flow looks more like a reinvestment spike than operating weakness: operating cash flow was $174.4M, but capital spending reached $191.7M. By FY2025, capex had fallen to $85.0M while free cash flow recovered to $116.6M, showing the earlier cash dip came from asset-spending timing rather than poor cash conversion.

With revenue only inching up over the last two years, operating margin still widened from 24.9% to 28.2%; that pattern points to better utilization of a largely fixed asset base, not just a bigger top line. Interest expense held near $56M, so the rise in net income was driven mainly by operating improvement rather than cheaper financing.

The liquidity picture improved after last year’s squeeze: cash climbed to $155.0M and the current ratio recovered to 1.2x. That recovery matters because total liabilities also moved above $1.0B, meaning short-term flexibility got better even as the company carried a somewhat heavier overall obligation base.

Financial Health Signals

Financial Profile 55/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Navigator Hldgs Ltd'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.

Profitability

Navigator Hldgs Ltd has an operating margin of 28.2%, meaning the company retains $28 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is up from 25.3% the prior year.

Growth

Navigator Hldgs Ltd's revenue grew a modest 3.6% year-over-year to $587.0M. This slow but positive growth earns a score of 39/100.

Leverage

Navigator Hldgs Ltd carries a low D/E ratio of 0.83, meaning only $0.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Navigator Hldgs Ltd's current ratio of 1.18 is below the typical benchmark, resulting in a score of 19/100. However, the company holds substantial cash reserves (62% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Navigator Hldgs Ltd converts 19.9% of revenue into free cash flow ($116.6M). This strong cash generation earns a score of 76/100.

Returns

Navigator Hldgs Ltd generates a 8.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from 7.1% the prior year.

Altman Z-Score Distress

1.57

Navigator Hldgs Ltd scores 1.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.3B) relative to total liabilities ($1.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong

7/9

Navigator Hldgs Ltd passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.01x

For every $1 of reported earnings, Navigator Hldgs Ltd generates $2.01 in operating cash flow ($201.7M OCF vs $100.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.0x

Navigator Hldgs Ltd earns $3.0 in operating income for every $1 of interest expense ($165.4M vs $55.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$587.0M

YoY+3.6%

5Y CAGR+12.0%

10Y CAGR+6.4%

Navigator Hldgs Ltd generated $587.0M in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.

EBITDA

$299.9M

YoY+8.7%

5Y CAGR+20.4%

10Y CAGR+5.1%

Navigator Hldgs Ltd's EBITDA was $299.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.7% from the prior year.

Net Income

$100.1M

YoY+17.0%

10Y CAGR+0.2%

Navigator Hldgs Ltd reported $100.1M in net income in fiscal year 2025. This represents an increase of 17.0% from the prior year.

EPS (Diluted)

$1.47

YoY+23.5%

10Y CAGR-1.8%

Navigator Hldgs Ltd earned $1.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$116.6M

YoY-44.6%

10Y CAGR-2.2%

Navigator Hldgs Ltd generated $116.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 44.6% from the prior year.

Cash & Debt

$154.9M

YoY+18.4%

5Y CAGR+21.3%

10Y CAGR+5.8%

Navigator Hldgs Ltd held $154.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

65M

YoY-6.0%

5Y CAGR+3.1%

10Y CAGR+1.7%

Navigator Hldgs Ltd had 65M shares outstanding in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

28.2%

YoY+2.9pp

5Y CAGR+15.6pp

10Y CAGR-12.6pp

Navigator Hldgs Ltd's operating margin was 28.2% in fiscal year 2025, reflecting core business profitability. This is up 2.9 percentage points from the prior year.

Net Margin

17.1%

YoY+2.0pp

5Y CAGR+17.2pp

10Y CAGR-14.1pp

Navigator Hldgs Ltd's net profit margin was 17.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

8.2%

YoY+1.1pp

5Y CAGR+8.2pp

10Y CAGR-2.6pp

Navigator Hldgs Ltd's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$85.0M

10Y CAGR+38.2%

Navigator Hldgs Ltd invested $85.0M in capex in fiscal year 2025, funding long-term assets and infrastructure.

NVGS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$587.0M+3.6%	$566.7M+2.9%	$550.7M+16.2%	$473.8M+16.6%	$406.5M+22.3%	$332.5M
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	$36.4M-0.6%	$36.6M+17.2%	$31.2M+13.8%	$27.4M-5.0%	$28.9M+21.0%	$23.9M
Operating Income	$165.4M+15.5%	$143.2M+4.4%	$137.2M+126.1%	$60.7M+2155.6%	-$3.0M-107.1%	$41.8M
Interest Expense	$55.8M-0.6%	$56.1M-13.5%	$64.9M+27.7%	$50.8M+31.4%	$38.7M-5.8%	$41.1M
Income Tax	$12.5M+186.1%	$4.4M+0.9%	$4.3M-27.3%	$5.9M+202.1%	$2.0M+219.1%	$617K
Net Income	$100.1M+17.0%	$85.6M+4.0%	$82.3M+53.8%	$53.5M+272.7%	-$31.0M-6889.6%	-$443K
EPS (Diluted)	$1.47+23.5%	$1.19+8.2%	$1.10+59.4%	$0.69+243.8%	$-0.48-4700.0%	$-0.01

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$129.6M	N/A	$146.7M	N/A	$135.3M	N/A	$123.9M
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	$10.3M	N/A	$11.3M	N/A	$8.2M	N/A	$7.8M
Operating Income	N/A	$20.4M	N/A	$39.5M	N/A	$36.0M	N/A	$16.8M
Interest Expense	N/A	$15.1M	N/A	$15.3M	N/A	$17.0M	N/A	$11.5M
Income Tax	N/A	$1.5M	N/A	$1.2M	N/A	$2.0M	N/A	$671K
Net Income	N/A	$21.5M	N/A	$23.2M	N/A	$26.6M	N/A	$14.0M
EPS (Diluted)	N/A	$0.31	N/A	$0.32	N/A	$0.36	N/A	$0.18

NVGS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.3B+4.5%	$2.2B-1.0%	$2.2B+5.1%	$2.1B-2.8%	$2.2B+17.3%	$1.8B
Current Assets	$295.5M+34.1%	$220.4M-13.7%	$255.4M+11.8%	$228.3M+6.0%	$215.3M+57.7%	$136.5M
Cash & Equivalents	$154.9M+18.4%	$130.8M-12.6%	$149.6M+2.0%	$146.7M+18.4%	$123.9M+109.8%	$59.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$34.8M+19.9%	$29.0M-16.2%	$34.7M+89.9%	$18.2M-42.8%	$31.9M+120.8%	$14.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B+9.4%	$934.3M-3.6%	$969.6M+5.0%	$923.3M-11.2%	$1.0B+15.9%	$897.0M
Current Liabilities	$250.9M-21.3%	$318.8M+71.9%	$185.4M+16.2%	$159.6M-21.9%	$204.3M+90.6%	$107.2M
Long-Term Debt	N/A	$505.0M-26.1%	$683.3M+4.1%	$656.5M+0.2%	$655.0M+6.7%	$613.8M
Total Equity	$1.2B+1.8%	$1.2B+1.3%	$1.2B+2.4%	$1.2B+4.4%	$1.1B+18.4%	$940.5M
Retained Earnings	$427.2M+5.6%	$404.5M+3.7%	$390.2M+7.2%	$364.0M+15.2%	$316.0M-8.9%	$347.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$2.3B-4.3%	$2.4B+9.2%	$2.2B+2.4%	$2.1B-3.3%	$2.2B-2.7%	$2.3B+8.0%	$2.1B-1.3%	$2.1B
Current Assets	$295.5M-20.9%	$373.6M+69.5%	$220.4M-1.1%	$222.8M-12.8%	$255.4M-8.1%	$277.8M+21.7%	$228.3M-7.5%	$246.7M
Cash & Equivalents	$154.9M-34.9%	$238.1M+82.0%	$130.8M-5.5%	$138.5M-7.5%	$149.6M-17.1%	$180.4M+23.0%	$146.7M+2.1%	$143.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$34.8M+13.1%	$30.8M+6.0%	$29.0M+51.2%	$19.2M-44.6%	$34.7M+47.4%	$23.5M+28.8%	$18.2M-25.8%	$24.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B-9.2%	$1.1B+20.5%	$934.3M+3.2%	$905.6M-6.6%	$969.6M-8.7%	$1.1B+15.0%	$923.3M-4.4%	$965.4M
Current Liabilities	$250.9M+6.7%	$235.1M-26.2%	$318.8M+70.9%	$186.6M+0.6%	$185.4M+2.1%	$181.6M+13.7%	$159.6M-41.8%	$274.4M
Long-Term Debt	N/A	N/A	$505.0M-18.2%	$617.2M-9.7%	$683.3M-11.3%	$770.8M+17.4%	$656.5M+27.5%	$515.1M
Total Equity	$1.2B+1.1%	$1.2B+0.7%	$1.2B+2.6%	$1.2B-1.3%	$1.2B+2.3%	$1.2B+0.1%	$1.2B+0.6%	$1.2B
Retained Earnings	$427.2M+3.9%	$411.2M+1.7%	$404.5M+7.8%	$375.1M-3.9%	$390.2M+7.0%	$364.8M+0.2%	$364.0M+1.9%	$357.1M

NVGS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$201.7M-4.2%	$210.5M+20.7%	$174.4M+33.8%	$130.3M+33.0%	$97.9M+118.2%	$44.9M
Capital Expenditures	$85.0M	$0-100.0%	$191.7M+319.4%	$45.7M	N/A	N/A
Free Cash Flow	$116.6M-44.6%	$210.5M+1315.9%	-$17.3M-120.5%	$84.6M	N/A	N/A
Investing Cash Flow	-$81.1M+19.7%	-$101.0M+42.8%	-$176.5M-693.7%	$29.7M-10.1%	$33.1M+304.7%	-$16.2M
Financing Cash Flow	-$54.2M+57.0%	-$126.0M-1875.1%	$7.1M+105.5%	-$128.2M-94.0%	-$66.1M-86.8%	-$35.4M
Dividends Paid	$14.8M+3.6%	$14.3M+94.4%	$7.3M	$0	$0	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NVGS 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	28.2%+2.9pp	25.3%+0.4pp	24.9%+12.1pp	12.8%+13.5pp	-0.7%-13.3pp	12.6%
Net Margin	17.1%+2.0pp	15.1%+0.2pp	14.9%+3.7pp	11.3%+18.9pp	-7.6%-7.5pp	-0.1%
Return on Equity	8.2%+1.1pp	7.1%+0.2pp	6.9%+2.3pp	4.6%+7.4pp	-2.8%-2.7pp	-0.1%
Return on Assets	4.4%+0.5pp	3.9%+0.2pp	3.7%+1.2pp	2.5%+4.0pp	-1.4%-1.4pp	-0.0%
Current Ratio	1.18+0.5	0.69-0.7	1.38-0.1	1.43+0.4	1.05-0.2	1.27
Debt-to-Equity	0.83+0.4	0.42-0.2	0.570.0	0.56-0.0	0.59-0.1	0.65
FCF Margin	19.9%-17.3pp	37.1%+40.3pp	-3.1%-21.0pp	17.8%	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	15.8%	N/A	26.9%	N/A	26.6%	N/A	13.5%
Net Margin	N/A	16.6%	N/A	15.8%	N/A	19.7%	N/A	11.3%
Return on Equity	N/A	1.8%	N/A	2.0%	N/A	2.3%	N/A	1.2%
Return on Assets	N/A	0.9%	N/A	1.1%	N/A	1.2%	N/A	0.7%
Current Ratio	1.18-0.4	1.59+0.9	0.69-0.5	1.19-0.2	1.38-0.2	1.53+0.1	1.43+0.5	0.90
Debt-to-Equity	0.83-0.1	0.93+0.5	0.42-0.1	0.53-0.0	0.57-0.1	0.66+0.1	0.56+0.1	0.45
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 Navigator Hldgs Ltd's annual revenue?

Navigator Hldgs Ltd (NVGS) reported $587.0M in total revenue for fiscal year 2025. This represents a 3.6% 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 Navigator Hldgs Ltd's revenue growing?

Navigator Hldgs Ltd (NVGS) revenue grew by 3.6% year-over-year, from $566.7M to $587.0M in fiscal year 2025.

Is Navigator Hldgs Ltd profitable?

Yes, Navigator Hldgs Ltd (NVGS) reported a net income of $100.1M in fiscal year 2025, with a net profit margin of 17.1%.

What is Navigator Hldgs Ltd's EBITDA?

Navigator Hldgs Ltd (NVGS) had EBITDA of $299.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Navigator Hldgs Ltd's operating margin?

Navigator Hldgs Ltd (NVGS) had an operating margin of 28.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Navigator Hldgs Ltd's net profit margin?

Navigator Hldgs Ltd (NVGS) had a net profit margin of 17.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Navigator Hldgs Ltd's return on equity (ROE)?

Navigator Hldgs Ltd (NVGS) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Navigator Hldgs Ltd's free cash flow?

Navigator Hldgs Ltd (NVGS) generated $116.6M in free cash flow during fiscal year 2025. This represents a -44.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Navigator Hldgs Ltd's operating cash flow?

Navigator Hldgs Ltd (NVGS) generated $201.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Navigator Hldgs Ltd's total assets?

Navigator Hldgs Ltd (NVGS) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Navigator Hldgs Ltd's capital expenditures?

Navigator Hldgs Ltd (NVGS) invested $85.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Navigator Hldgs Ltd have outstanding?

Navigator Hldgs Ltd (NVGS) had 65M shares outstanding as of fiscal year 2025.

What is Navigator Hldgs Ltd's current ratio?

Navigator Hldgs Ltd (NVGS) had a current ratio of 1.18 as of fiscal year 2025, which is considered adequate.

What is Navigator Hldgs Ltd's debt-to-equity ratio?

Navigator Hldgs Ltd (NVGS) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Navigator Hldgs Ltd's return on assets (ROA)?

Navigator Hldgs Ltd (NVGS) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Navigator Hldgs Ltd's Altman Z-Score?

Navigator Hldgs Ltd (NVGS) has an Altman Z-Score of 1.57, placing it in the Distress Zone (elevated 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 Navigator Hldgs Ltd's Piotroski F-Score?

Navigator Hldgs Ltd (NVGS) has a Piotroski F-Score of 7 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Navigator Hldgs Ltd's earnings high quality?

Navigator Hldgs Ltd (NVGS) has an earnings quality ratio of 2.01x, 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 Navigator Hldgs Ltd cover its interest payments?

Navigator Hldgs Ltd (NVGS) has an interest coverage ratio of 3.0x, meaning it can adequately 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 Navigator Hldgs Ltd?

Navigator Hldgs Ltd (NVGS) scores 55 out of 100 on our Financial Profile, indicating moderate 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.