Danaos
Owns container and drybulk vessels and charters them under distinct contract models.
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Profile
Owns containerships chartered principally to liner companies on multiyear fixed-rate time or bareboat terms, alongside a newer drybulk business using shorter time and voyage charters. Coustas-family control and contrasting charter structures define a fleet-owner model rather than an integrated liner service.
Owns and charters two vessel businesses: containerships and drybulk carriers. Containerships are principally hired to liner companies under multiyear, fixed-rate time or bareboat charters, while drybulk vessels use shorter time and voyage charters.
The fleet serves international liner companies, but this is a vessel owner and charterer rather than an integrated liner service. The Coustas family controls the company, and John Coustas directs its strategy and management.
Adding drybulk vessels created two reported segments: container vessels and drybulk vessels. Contract structures differ by segment, with container charters generally multiyear and fixed-rate and drybulk charters shorter-term.
Company facts
Categories
Key statistics
Year to date +58.1% · Average volume (30d) 122.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Aug 6, 2026 | Freedom Broker | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $6.80 | $7.29 | +7.2% | $258.3M | $274.4M | +6.2% | −2.36% |
| May 11, 2026Q1 FY26 | $5.86 | $6.72 | +14.7% | $242.2M | $253.7M | +4.7% | −0.38% |
| Feb 9, 2026Q4 FY25 | $6.77 | $7.14 | +5.5% | $257.0M | $266.3M | +3.6% | +1.90% |
| Nov 17, 2025Q3 FY25 | $7.10 | $6.75 | −4.9% | $255.0M | $260.7M | +2.2% | +1.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $253.3M | $262.2M | $260.7M | $266.3M | $253.7M | $274.4M | |
| Gross profit | $143.4M | $153.6M | $183.8M | $217.8M | $150.6M | $165.4M | |
| Operating income | $120.3M | $125.5M | $130.1M | $122.9M | $125.2M | $132.7M | |
| Net income | $115.1M | $130.9M | $130.6M | $117.9M | $140.4M | $151.8M | |
| Diluted EPS | $6.13 | $7.12 | $7.11 | $6.42 | $7.70 | $8.32 | |
| Gross margin | 56.6% | 58.6% | 70.5% | 81.8% | 59.3% | 60.3% | |
| Operating margin | 47.5% | 47.9% | 49.9% | 46.2% | 49.3% | 48.4% |
Fiscal years (4-quarter sums)FY21 $689.5M · FY22 $993.3M · FY23 $973.6M · FY24 $1.01B · FY25 $1.04B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.23B · Total debt $1.21B · Total assets $5.45B · Shareholders' equity $4.06B
Dividends
Raised for 4 straight years — most recently to $0.90 from $0.85 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 21, 2026 | Jul 21 | Jul 30 | $0.90 | |
| May 26, 2026 | May 26 | Jun 4 | $0.90 | |
| Feb 23, 2026 | Feb 23 | Mar 4 | $0.90 | |
| Dec 2, 2025 | Dec 2 | Dec 11 | $0.90 | raised from $0.85 |
| Aug 19, 2025 | Aug 19 | Aug 28 | $0.85 | |
| May 27, 2025 | May 27 | Jun 5 | $0.85 | |
| Feb 24, 2025 | Feb 24 | Mar 5 | $0.85 | |
| Nov 25, 2024 | Nov 25 | Dec 4 | $0.85 | raised from $0.80 |
Ownership
Shares outstanding 18.20M · Float 8.41M · 46.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Danaos Investment Limited as Trustee of the 883 Trust | 9.54M | 51.80% | 13D | Nov 19, 2025 |
| John Coustas · director, officer: Chief Executive Officer | 9.54M | 52.40% | Form 4 | Mar 18, 2026 |
| Acadian Asset Management LLC | 692.2K | 3.80% | 13F | Aug 13, 2026 |
| RBF Capital, LLC | 418.0K | 2.30% | 13F | Aug 14, 2026 |
| Ion Fund Management Ltd | 411.0K | 2.26% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Costamare
Large containership charter owner with overlapping liner customers
- Global Ship Lease
Fixed-rate containership lessor focused on mid-sized vessels
- Navios Maritime Partners
Diversified owner with container and dry-bulk fleet overlap
- Euroseas
Feeder and intermediate containership owner on spot and period charters
- Star Bulk Carriers
Large Capesize-focused dry-bulk owner and operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Danaos | $150.10 | −0.30% | $2.74B | 5.1 | 5.5 | 2.6 | +4.7% |
| Costamare | $15.41 | −0.06% | $1.86B | 5.9 | 6.2 | 2.2 | −12.3% |
| Global Ship Lease | $44.86 | +0.74% | $1.60B | 4.3 | 4.7 | 2.1 | +3.6% |
| Navios Maritime Partners | $87.16 | −0.09% | $2.48B | 5.7 | 4.7 | 1.7 | +25.2% |
| Euroseas | $76.63 | 0.00% | $540.7M | 3.9 | 4.7 | 2.4 | — |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| Median | 5.7 | 4.7 | 2.2 | +9.3% |