Danaos Corporation (DAC) Income Statement
DAC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDAC revenue and net income
Where DAC's revenue goes
2025Each bar shows an amount and its share of revenue. DAC kept 47.4% of revenue as net income.
DAC profit margins
DAC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.8% | +1.6% | +17.7% | +6.3% |
| Gross profit | +35.4% | +7.8% | +28.8% | +10.4% |
| Operating income | −7.8% | −8.6% | +20.1% | +7.4% |
| Net income | −2.1% | −4.0% | +26.4% | +15.5% |
| EPS (diluted) | −3.9% | −8.8% | +29.4% | +2.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DAC quarterly EPS vs estimates
Danaos beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 16, 2026 (estimate $6.53).
DAC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.01B | $973.6M | $993.3M | $689.5M | $461.6M | $447.2M | $458.7M | $451.7M | $498.3M |
| Cost of revenue | $208.8M | $398.2M | $332.4M | $328.4M | $277.1M | $226.7M | $210.6M | $224.6M | $234.8M | $252.4M |
| Gross profit | $833.7M | $615.9M | $641.2M | $665.0M | $412.4M | $234.9M | $236.6M | $234.2M | $216.9M | $246.0M |
| Sales, general & admin | $64.4M | $54.2M | $44.2M | $36.6M | $44.0M | $24.3M | $35.6M | $35.6M | $29.4M | $27.6M |
| Total operating expenses | $334.9M | $75.1M | $60.5M | $11.5M | $54.1M | $35.4M | $35.6M | $35.6M | $29.4M | $27.6M |
| Operating income | $498.8M | $540.9M | $580.7M | $653.4M | $358.3M | $199.5M | $201.1M | −$12.1M | $187.5M | −$212.6M |
| Interest income | $456,000 | $12.9M | $12.6M | $73.7M | $578.4M | $46.5M | $70.4M | $86.7M | $90.2M | $124.9M |
| Interest expense | $46.6M | $29.8M | $20.5M | $62.1M | $69.0M | $55.8M | $74.8M | $88.7M | $91.2M | $105.0M |
| Income before taxes | $494.6M | $505.1M | $576.3M | $577.5M | $1.06B | $153.6M | $131.3M | −$32.9M | $83.9M | −$366.2M |
| Income taxes | — | — | −$4.0M | $18.2M | $5.9M | $60.4M | $74.2M | $64.9M | $71.8M | $25.1M |
| Net income | $494.6M | $505.1M | $576.3M | $559.2M | $1.05B | $153.6M | $57.0M | −$32.9M | $83.9M | −$366.2M |
| EBITDA | $748.6M | $675.1M | $704.8M | $717.2M | $1.22B | $308.6M | $300.9M | $160.5M | $289.3M | −$115.9M |
| EPS (diluted) | $26.29 | $27.36 | $28.53 | $34.65 | $17.59 | $7.25 | $8.97 | $12.60 | $14.42 | $17.92 |
| Gross margin | 80.0% | 60.7% | 65.9% | 66.9% | 59.8% | 50.9% | 52.9% | 51.0% | 48.0% | 49.4% |
| Operating margin | 47.8% | 53.3% | 59.6% | 65.8% | 52.0% | 43.2% | 45.0% | −2.6% | 41.5% | −42.7% |
| Net margin | 47.4% | 49.8% | 59.2% | 56.3% | 152.7% | 33.3% | 12.8% | −7.2% | 18.6% | −73.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $274.4M | $253.7M | $266.3M | $260.7M | $262.2M | $253.3M | $258.2M | $256.2M | $246.3M | $253.4M | $249.3M | $239.2M |
| Cost of revenue | $109.0M | $103.1M | $48.4M | $76.9M | $108.6M | $109.9M | $100.1M | $105.6M | $95.1M | $97.3M | $89.4M | $80.8M |
| Gross profit | $165.4M | $150.6M | $217.8M | $183.8M | $153.6M | $143.4M | $158.1M | $150.6M | $151.2M | $156.1M | $159.9M | $158.4M |
| Sales, general & admin | $14.9M | $14.6M | $28.4M | $12.6M | $11.2M | $12.2M | $21.7M | $11.0M | $11.3M | $10.2M | $22.4M | $7.1M |
| Total operating expenses | $32.7M | $25.4M | $94.9M | $53.8M | $28.0M | $23.2M | $29.3M | $18.9M | $11.2M | $15.7M | $27.9M | $11.8M |
| Operating income | $132.7M | $125.2M | $122.9M | $130.1M | $125.5M | $120.2M | $128.8M | $131.7M | $140.0M | $140.4M | $132.0M | $146.6M |
| Interest income | $7.4M | $7.6M | $3.5M | $3.8M | $3.7M | $3.6M | $3.9M | $3.1M | $2.9M | $2.9M | $2.7M | $12.3M |
| Interest expense | $9.1M | $12.7M | $15.4M | $9.4M | $10.7M | $11.0M | $10.8M | $9.0M | $5.1M | $4.0M | $4.5M | $5.5M |
| Income before taxes | $151.8M | $140.4M | $117.9M | $130.6M | $130.9M | $115.1M | $90.4M | $123.0M | $141.2M | $150.5M | $149.9M | $133.2M |
| Income taxes | — | — | — | — | — | — | — | — | — | $1 | $141,000 | $2.7M |
| Net income | $151.8M | $140.4M | $117.9M | $130.6M | $130.9M | $115.1M | $90.4M | $123.0M | $141.2M | $150.5M | $149.9M | $133.2M |
| EBITDA | $185.0M | $207.3M | $185.6M | $192.0M | $193.8M | $165.2M | $140.7M | $169.7M | $180.6M | $184.0M | $188.2M | $170.2M |
| EPS (diluted) | $7.29 | $6.72 | $7.14 | $6.75 | $6.36 | $6.04 | $6.93 | $6.50 | $6.78 | $7.15 | $6.99 | $7.26 |
| Gross margin | 60.3% | 59.3% | 81.8% | 70.5% | 58.6% | 56.6% | 61.2% | 58.8% | 61.4% | 61.6% | 64.1% | 66.2% |
| Operating margin | 48.4% | 49.3% | 46.2% | 49.9% | 47.9% | 47.5% | 49.9% | 51.4% | 56.8% | 55.4% | 52.9% | 61.3% |
| Net margin | 55.3% | 55.3% | 44.3% | 50.1% | 49.9% | 45.5% | 35.0% | 48.0% | 57.3% | 59.4% | 60.1% | 55.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DAC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DAC financial results
In fiscal year 2025 (ended December 31, 2025), Danaos reported revenue of $1.0 billion, up 2.8% from the year before. It had net income of $494.6 million (down 2.1%), a net profit margin of 47.4%. Diluted earnings per share came to $26.29. Over five years revenue grew at an average rate of 17.7% a year.
See the DAC stock overview for the latest quote and news, or the DAC chart for price history and technical indicators.
DAC income statement FAQ
What is Danaos's annual revenue?
Danaos reported total revenue of $1.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.8% from $1.0 billion the previous year.
Is Danaos profitable?
Yes. Danaos reported net income of $494.6 million in fiscal 2025, a net profit margin of 47.4%; its operating margin was 47.8%.
What is Danaos's gross margin?
Danaos's gross margin was 80.0% in fiscal 2025: for every $100 of revenue, Danaos kept $80 after the direct cost of its products and services.
How fast is Danaos growing?
Revenue grew 17.7% a year on average over the last five fiscal years, from $461.6 million to $1.0 billion.
What are Danaos's earnings per share?
Danaos earned $26.29 per diluted share in fiscal 2025, compared with $27.36 a year earlier.
When will Danaos report its next earnings?
Danaos is expected to report results for the quarter ending September 30, 2026 on November 16, 2026 after the market closes.
When does Danaos's fiscal year end?
Danaos's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.