Company Analysis

Ardmore Shipping Corporation (ASC)

NYSE: ASC · Deep Sea Foreign Transportation of Freight · Hamilton · filing with the SEC since 2013
Grade4.3
◀ Past 4.9● Present 5.3▶ Future 2.6
1 est.

The grade of Ardmore Shipping Corporation

Nine metrics read from its own filings, by tense
Headline grade
4.3/10
◀ Past4.930% of the headline
● Present5.340% of the headline
▶ Future2.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 61st percentile among 44 sector filers · read for itself

From the record

Ardmore Shipping Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+7.3% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 40th percentile among 42 sector filers · read for its customers

From the record

Ardmore Shipping Corporation's 10 filed years say what it did: revenue went from $164 million in fiscal 2016 to $310 million in fiscal 2025, up 7.3% a year; it rose in 5 of 9 years; the deepest fall was 30% from fiscal 2022 to fiscal 2025; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.3%bottom 43% of its family
  • the share of years revenue rosebottom 44% of its family
  • the share of filed years with a profitbottom 23% of its family
  • the deepest fall from a revenue peak30.4%top 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.9/10

How has it treated the people who own it?

Share count grew 2.1% a year. 30% of cash flow returned. Insiders: 9 sales, 0 purchases.

weight 22% of this tense · 49th percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Ardmore Shipping Corporation's diluted share count grew about 2.1% a year, and dividends and buybacks returned about 30% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 9 sales (1 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 38% of its family
  • cash returned against operating cash flowtop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.0/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 20%: owes 20¢ per asset dollar.

weight 33% of this tense · 70th percentile among 43 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ardmore Shipping Corporation earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 20 cents per dollar of assets, and net share issuance: its share count shrank 2.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitybottom 45% of its family
  • the share count against the year beforetop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.7/10

How strong is its position in its industry?

bottom 37% of 43 in its family; net margin 13.2%.

weight 45% of this tense · 37th percentile among 43 sector filers · read for its customers

From the record

Ardmore Shipping Corporation's standing among 43 graded names in its industry family: revenue of $310 million in fiscal 2025 ranks in the top 46% by size; a net margin of 13.2% ranks in the bottom 41%; revenue growth of -11.4% a year over the last 3 filed years ranks in the bottom 18% (its annual reports).

What it rests on

  • revenue against the family$310Mtop 46% of its family
  • net margin13.2%bottom 41% of its family
  • three-year revenue growth-11.4%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ardmore Shipping Corporation's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 42 in its family for room to expand.

weight 22% of this tense · 48th percentile among 42 sector filers · read for itself

From the record

Ardmore Shipping Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $47 million against debt of $127 million leaves -10.2% of its assets as net cash, bottom 47% of its family; cash from operations less capital spending is 26.3% of revenue (bottom 49%) (its annual report).

What it rests on

  • cash less debt against assets-10.2%bottom 47% of its family
  • cash from operations less capital spending against revenue26.3%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.7/10

What could actually drive growth from here?

bottom 17% of 41 in its family for growth drivers.

weight 45% of this tense · 17th percentile among 41 sector filers · read for its customers

From the record

Ardmore Shipping Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -11.4% a year over the last three filed years against 7.3% over all 10, slowing (bottom 26% of its family); the newest year grew -23.6% (bottom 8%) (its annual reports). Ardmore Shipping Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-18.7 points a yearbottom 26% of its family
  • the newest year's revenue growth-23.6%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.4/10

Did its newest year beat what its own record pointed to?

bottom 24% of 39 in its family for expectations against reality.

weight 33% of this tense · 24th percentile among 39 sector filers · read for its shareholders

From the record

Ardmore Shipping Corporation's newest year against its own record: revenue of $310 million in fiscal 2025 came in 19.9% below the $387 million its prior three years' pace pointed to (bottom 20% of its family); net income of $41 million against a prior three-year average of $129 million (bottom 27%); a net margin of 13.2% against 31.1% before (bottom 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-19.9%bottom 20% of its family
  • net income against the prior three years' average-68%bottom 27% of its family
  • net margin against its prior average-17.9 pointsbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ASC · research, not advice