DAC
Danaos Corporation
NYSE: DAC · INDUSTRIALS · MARINE SHIPPING
$119.82
-1.09% today
Updated 2026-04-29
Market cap
$2.19B
P/E ratio
4.50
P/S ratio
2.10x
EPS (TTM)
$26.76
Dividend yield
2.92%
52W range
$77 – $124
Volume
0.1M
Danaos Corporation (DAC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.59M | $258.85M | $298.90M | $319.51M | $359.68M | $468.10M | $589.01M | $588.12M | $552.09M | $567.94M | $498.33M | $451.73M | $458.73M | $447.24M | $461.59M | $689.50M | $993.34M | $973.58M | $1.01B | $1.04B |
| Revenue growth (YoY) | — | +5.4% | +15.5% | +6.9% | +12.6% | +30.1% | +25.8% | -0.2% | -6.1% | +2.9% | -12.3% | -9.4% | +1.5% | -2.5% | +3.2% | +49.4% | +44.1% | -2.0% | +4.2% | +2.8% |
| Cost of revenue | $68.02M | $73.17M | $96.72M | $99.67M | $96.20M | $129.89M | $280.80M | $271.26M | $263.79M | $256.80M | $252.35M | $234.81M | $224.57M | $210.60M | $226.74M | $277.11M | $328.39M | $332.41M | $398.17M | $208.78M |
| Gross profit | $177.56M | $185.67M | $202.18M | $219.84M | $263.48M | $338.21M | $308.21M | $316.86M | $288.30M | $311.13M | $245.98M | $216.92M | $234.16M | $236.64M | $234.85M | $412.39M | $664.96M | $641.17M | $615.94M | $833.68M |
| Gross margin | 72.3% | 71.7% | 67.6% | 68.8% | 73.3% | 72.3% | 52.3% | 53.9% | 52.2% | 54.8% | 49.4% | 48.0% | 51.0% | 52.9% | 50.9% | 59.8% | 66.9% | 65.9% | 60.7% | 80.0% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $7.57M | $9.96M | $11.62M | $14.54M | $23.25M | $21.03M | $26.45M | $24.94M | $25.83M | $25.68M | $27.63M | $29.42M | $35.57M | $35.57M | $24.34M | $43.95M | $36.58M | $43.48M | $54.23M | $64.41M |
| Operating income | $147.99M | $128.69M | $148.96M | $136.10M | $86.16M | $205.20M | $152.96M | $272.47M | $192.41M | $244.38M | $-212.64M | $187.50M | $-12.12M | $201.07M | $199.48M | $358.26M | $653.44M | $580.66M | $540.88M | $498.77M |
| Operating margin | 60.3% | 49.7% | 49.8% | 42.6% | 24.0% | 43.8% | 26.0% | 46.3% | 34.9% | 43.0% | -42.7% | 41.5% | -2.6% | 45.0% | 43.2% | 52.0% | 65.8% | 59.6% | 53.3% | 47.8% |
| EBITDA | $139.88M | $169.79M | $199.99M | $141.50M | $23.29M | $449.33M | $150.25M | $429.33M | $381.90M | $417.24M | $-110.39M | $296.09M | $171.43M | $309.66M | $308.58M | $1.22B | $717.17M | $704.83M | $675.07M | $748.62M |
| EBITDA margin | 57.0% | 65.6% | 66.9% | 44.3% | 6.5% | 96.0% | 25.5% | 73.0% | 69.2% | 73.5% | -22.2% | 65.5% | 37.4% | 69.2% | 66.9% | 176.5% | 72.2% | 72.4% | 66.6% | 71.8% |
| EBIT | $108.77M | $128.69M | $148.96M | $80.59M | $-53.76M | $343.15M | $6.31M | $291.92M | $244.84M | $285.46M | $-244.96M | $174.12M | $54.43M | $204.42M | $207.05M | $1.13B | $639.60M | $596.76M | $531.26M | $541.18M |
| Interest expense | $29.24M | $22.42M | $0.00 | $38.50M | $47.21M | $55.12M | $105.45M | $91.19M | $223.35M | $145.25M | $104.98M | $91.18M | $88.73M | $74.77M | $55.84M | $68.99M | $62.14M | $20.46M | $29.78M | $46.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $101.08M | $215.26M | $115.24M | $36.09M | $-102.34M | $13.44M | $-105.20M | $37.52M | $-3.92M | $117.02M | $-366.19M | $83.91M | $-32.94M | $57.03M | $153.55M | $1.05B | $559.21M | $576.30M | $505.07M | $494.61M |
| Net income growth (YoY) | — | +113.0% | -46.5% | -68.7% | -383.6% | +113.1% | -882.9% | +135.7% | -110.4% | +3085.1% | -412.9% | +122.9% | -139.3% | +273.1% | +169.3% | +585.7% | -46.9% | +3.1% | -12.4% | -2.1% |
| Profit margin | 41.2% | 83.2% | 38.6% | 11.3% | -28.5% | 2.9% | -17.9% | 6.4% | -0.7% | 20.6% | -73.5% | 18.6% | -7.2% | 12.8% | 33.3% | 152.7% | 56.3% | 59.2% | 49.8% | 47.4% |