Danaos Corporation (DAC)

Danaos Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,030	1,014	973.58	993.34	689.51	461.59
Revenue Growth (YoY)	4.20%	4.16%	-1.99%	44.07%	49.38%	3.21%
Cost of Revenue	308.86	278.99	221.79	206.29	170.38	136.24
Gross Profit	720.96	735.12	751.79	787.06	519.13	325.35
Selling, General & Admin	57.17	55.28	44.37	44.38	43.95	24.34
Operating Expenses	216.99	203.62	173.66	178.65	160.87	125.87
Operating Income	503.97	531.5	578.14	608.4	358.26	199.48
Interest Expense	-41.29	-29.82	-24.09	-65.76	-72.61	-57.13
Interest & Investment Income	20.27	22.17	13.19	169.99	46.57	6.64
Earnings From Equity Investments	-1.99	-1.63	-3.99	-	68.03	6.31
Other Non Operating Income (Expenses)	-1.56	-0.3	-4.4	-0.36	3.22	-1.74
EBT Excluding Unusual Items	479.4	521.92	558.85	712.27	403.46	153.55
Gain (Loss) on Sale of Investments	-21.17	-25.18	17.87	-176.39	543.65	-
Gain (Loss) on Sale of Assets	1.24	8.33	1.64	37.23	-	-
Other Unusual Items	-	-	-2.05	4.35	111.62	-
Pretax Income	459.47	505.07	576.3	577.46	1,059	153.55
Income Tax Expense	-	-	-	18.25	5.89	-
Net Income	459.47	505.07	576.3	559.21	1,053	153.55
Net Income to Common	459.47	505.07	576.3	559.21	1,053	153.55
Net Income Growth	-20.05%	-12.36%	3.06%	-46.89%	585.67%	16.99%
Shares Outstanding (Basic)	19	19	20	20	20	24
Shares Outstanding (Diluted)	19	19	20	21	21	24
Shares Change (YoY)	-3.42%	-2.61%	-2.91%	-0.40%	-13.53%	46.76%
EPS (Basic)	24.31	26.15	28.99	27.30	51.75	6.51
EPS (Diluted)	24.30	26.05	28.95	27.28	51.15	6.45
EPS Growth	-17.22%	-10.02%	6.12%	-46.67%	693.02%	-20.27%
Free Cash Flow	186.31	-37.59	308.26	735.61	72.39	95.02
Free Cash Flow Per Share	9.86	-1.94	15.49	35.88	3.52	3.99
Dividend Per Share	3.400	3.300	3.100	3.000	2.250	-
Dividend Growth	6.25%	6.45%	3.33%	33.33%	-	-
Gross Margin	70.01%	72.49%	77.22%	79.23%	75.29%	70.48%
Operating Margin	48.94%	52.41%	59.38%	61.25%	51.96%	43.21%
Profit Margin	44.62%	49.80%	59.19%	56.30%	152.69%	33.27%
Free Cash Flow Margin	18.09%	-3.71%	31.66%	74.05%	10.50%	20.59%
EBITDA	663.8	675.31	686.2	685.98	444.48	301.01
EBITDA Margin	64.46%	66.59%	70.48%	69.06%	64.46%	65.21%
D&A For EBITDA	159.83	143.81	108.07	77.57	86.22	101.53
EBIT	503.97	531.5	578.14	608.4	358.26	199.48
EBIT Margin	48.94%	52.41%	59.38%	61.25%	51.96%	43.21%
Effective Tax Rate	-	-	-	3.16%	0.56%	-

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q