MARKETS / NYSE / Industrials / Water transportation / DAC

NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · LARGE CAP

Danaos Corp. DAC

17 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$1.0B

▲ 2.8% YoY

Net income

$494.6M

▼ 2.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of February 25, 2026, the company owned 75 containerships aggregating 477,491 TEUs and 27 containerships under construction aggregating 174,550 TEUs, together with 11 Capesize bulk carriers aggregating 1,943,286 DWT and four Newcastlemax bulk carriers under construction with an aggregate capacity of approximately 844,000 DWT. As of December 31, 2025, 4,116 people served on board the company's fleet and 282 people provided services to it on shore. The company was incorporated as a Liberian company in 1998 and domesticated in the Republic of The Marshall Islands on October 7, 2005, at which point it changed its name from Danaos Holdings Limited to Danaos Corporation. It completed its initial public offering and was listed on the New York Stock Exchange in October 2006.

Written from the business description in Danaos Corporation's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.0 · Net income 0.5

0.5B1.0B-0.1B-0.3B

2009201220152018202120242025

Compound annual growth

Revenue

+1.6%

+17.7%

+6.3%

+7.4%

Net income

−4.0%

+26.4%

+15.5%

EPS, diluted

−0.6%

+32.9%

Dividend / share

+4.8%

Returned to shareholders

+15.7%

+34.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +17.7% a year over the five years to FY2025 — but profit grew faster: net income at +26.4%, earnings per share at +32.9%.

The share count fell from 0.02B to 0.02B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

47 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 47.8% · Net 47.4%

50%100%150%-20%-40%-60%

200920172025

ROE

FY2025 · ROE 13.7%

20%40%60%-20%-40%

200920172025

Three returns, three denominators.

Return on equity13.7%

Return on assets10.5%

Return on capital employed11.2%

Gross margin·

Operating margin47.8%

Net margin47.4%

EBITDAUSD 662.1M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 139.3M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 63.5 · Net buybacks 75.7

50M100M-100M-200MDividendsNet buybacks

2010202020212022202320242025

Dividends paidUSD 63.5M

Net buybacksUSD 75.7M

Share of profit28.2%

Consecutive raises4 years

USD 63.5M in dividends and USD 75.7M in buybacks — 28% of the year's profit went back to shareholders.

Total assetsUSD 5.1B

EquityUSD 3.8B

CashUSD 1.0B

Gross debtUSD 1.2B

Net debtUSD 117.8M

Current ratio3.28×

Net debt stands at 3% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

DAC, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.0	1.0	1.0	1.0	0.7	0.5	0.4	0.5	0.5	0.5	0.6	0.6	0.6	0.6	0.5	0.4	0.3
Operating income $B	0.5	0.5	0.6	0.7	0.4	0.2	0.2	−0.0	0.2	−0.2	0.2	0.2	0.3	0.2	0.2	0.1	0.1
EBITDA $B	0.7	0.7	0.7	0.8	0.5	0.3	0.3	0.1	0.3	−0.1	0.4	0.3	0.4	0.3	0.3	0.2	0.2
Income tax $B	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Net income $B	0.5	0.5	0.6	0.6	1.1	0.2	0.1	−0.0	0.1	−0.4	0.1	−0.0	0.0	−0.1	0.0	−0.1	0.0
EPS, diluted $	26.76	26.05	28.95	27.28	51.15	6.45	8.09	−3.10	10.70	−3.34	1.07	−0.04	0.34	−0.96	0.12	−1.36	0.66
Dividend / sh $	3.45	3.25	3.05	3.00	1.50	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout %	13	12	11	11	3	—	—	—	—	—	—	—	—	—	—	—	—
ROE %	13.7	15.7	20.7	24.1	67.4	16.0	16.7	−5.3	16.2	−55.1	15.3	−0.6	7.2	−23.8	3.2	−25.6	8.9
Shares out B	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.21	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNYSE

Incorporated inoutside the United States — SEC code 1T

Fiscal year endsDecember 31

Data on record since2009