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DAC

Danaos Corporation

DAC

Danaos Corporation • NYSE
$97.80 ▲ 0.47% (+0.46)
Market Cap $1.79 B
52w High $98.42
52w Low $65.40
Dividend Yield 2.55%
P/E 3.89
Volume 38.78K
Outstanding Shares 18.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $260.73M ▼ $26.484M ▼ $130.649M ▼ 50.109% ▲ $7.14 $192.036M ▼
Q2-2025 $262.154M ▲ $28.016M ▲ $130.904M ▲ 49.934% ▲ $7.14 ▲ $193.801M ▲
Q1-2025 $253.307M ▼ $23.192M ▼ $115.147M ▲ 45.457% ▲ $6.14 ▲ $165.178M ▲
Q4-2024 $258.179M ▲ $29.28M ▲ $90.427M ▼ 35.025% ▼ $4.68 ▼ $140.744M ▼
Q3-2024 $256.176M $18.906M $122.996M 48.012% $6.36 $169.735M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $596.371M ▼ $4.615B ▲ $904.146M ▼ $3.711B ▲
Q2-2025 $654.083M ▲ $4.521B ▲ $928.607M ▼ $3.593B ▲
Q1-2025 $543.876M ▲ $4.439B ▲ $945.126M ▲ $3.494B ▲
Q4-2024 $514.234M ▲ $4.344B ▲ $918.854M ▲ $3.425B ▲
Q3-2024 $480.759M $4.254B $867.378M $3.386B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $130.649M ▼ $177.308M ▲ $-97.542M ▼ $-26.56M ▲ $50.207M ▼ $79.978M ▼
Q2-2025 $130.904M ▲ $172.718M ▲ $-56.833M ▲ $-46.684M ▼ $65.621M ▲ $147.258M ▲
Q1-2025 $115.147M ▲ $133.86M ▼ $-84.009M ▼ $-22.692M ▼ $27.159M ▼ $48.17M ▼
Q4-2024 $90.427M ▼ $156.639M ▼ $-78.552M ▲ $-9.039M ▼ $69.048M ▲ $78.504M ▲
Q3-2024 $122.996M $157.544M $-241.021M $95.367M $11.89M $-81.809M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last several years, helped by stronger charter markets and more efficient operations. Profit margins look very healthy, with operating profit staying high even as conditions have normalized from the exceptional boom a few years ago. Net income spiked earlier in the period and has since come down to a more normal, but still strong, level compared with the past. Overall, the business appears very profitable, but earnings are clearly exposed to the ups and downs of global trade and shipping cycles.

Balance Sheet

Balance Sheet The balance sheet has strengthened a lot. Total assets have expanded as the fleet and investments grew, while shareholder equity has built up steadily, indicating that profits have been retained rather than relying on borrowing. Debt has been reduced very sharply from earlier years, and cash balances have increased, leaving the company with a much lighter debt load and a sizeable liquidity cushion. This combination points to a more resilient, less leveraged financial position than in the past.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been strong and fairly consistent, backing up the accounting profits with real cash. Free cash flow was solid in most recent years but turned slightly negative most recently because the company stepped up its spending on new vessels and upgrades. That suggests the weakness in free cash flow is driven mainly by heavy investment, not by poor underlying performance. The key watch‑point is execution: these new assets need to earn enough over time to justify the spending.

Competitive Edge

Competitive Edge Danaos appears to have a solid competitive position built around long‑term, fixed‑rate charters with major liner customers, a modern and efficiently run fleet, and a much stronger balance sheet than in the past. Its in‑house technology and data capabilities help keep operating costs low and provide extra value to customers through better transparency and performance monitoring. Strong relationships with large shipping lines and a reputation for reliability are important intangible strengths. On the risk side, the company still operates in a highly cyclical, commoditized industry where charter rates, global trade volumes, and regulatory shifts can quickly change the outlook when contracts come up for renewal.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Danaos leverages its affiliated software and tech arm to run advanced fleet performance and monitoring systems, using data and analytics to improve fuel efficiency and compliance. It has been early in digitalizing operations and is active in research projects around alternative fuels and greener vessel designs. The push into methanol‑ready ships and energy‑saving upgrades shows a deliberate attempt to align with future environmental rules and customer demands. The main question for the future is how effectively these innovations continue to translate into better economics, lower emissions, and persistent differentiation versus other ship owners.

Summary

Danaos today looks like a financially robust ship owner with high profitability, a much cleaner balance sheet than in its past, and strong cash generation that is being reinvested into newer, more efficient vessels. Its strategy revolves around locking in multi‑year charters, keeping costs low through technology, and positioning its fleet for the industry’s shift toward lower‑carbon shipping. The company still faces the typical risks of the sector—cyclical demand, charter rate swings once contracts roll off, and regulatory and fuel‑transition uncertainty—but it enters this phase from a position of strength, with considerable financial flexibility and a clear technology‑driven approach to staying competitive.

NEWS

November 17, 2025 · 4:30 PM UTC

Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2025

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November 13, 2025 · 8:45 AM UTC

AM Best Upgrades Financial Strength Rating of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC to “A” (Excellent)

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November 13, 2025 · 7:00 AM UTC

Prosafe SE: Shareholding disclosure

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November 6, 2025 · 7:30 AM UTC

Danaos Corporation Announces Date for the Release of Third Quarter 2025 Results, Conference Call and Webcast

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October 13, 2025 · 9:27 AM UTC

Danaos Corporation Announces Director Resignation

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