Navigator Holdings Ltd cash flow statement NVGS

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Navigator Holdings Ltd generated $201.7 million of cash from operations, down 4.2% from the year before. It spent $85.0 million on capital expenditures. That left free cash flow of $116.6 million. The company returned $14.8 million in dividends to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Operating
Depreciation and amortization	134 +1.3%	133 +2.7%	129 +2.4%	126 +42.6%	88 +15.4%	77 +0.7%	76 +0.0%	76 +3.5%	74 +18.2%	62 +16.5%
Stock-based compensation	2 +38.0%	1 +3.4%	1 +47.8%	1 -36.7%	1 +10.3%	1 -17.2%	2 +39.9%	1 -23.9%	1 -10.2%	2 -4.3%
Operating cash flow	202 -4.2%	211 +20.7%	174 +33.8%	130 +33.0%	98 +118.2%	45 -9.7%	50 -35.9%	78 +2.1%	76 -12.5%	87 -42.0%
Investing
Capital expenditures	85	0	—	—	—	—	—	1 -66.6%	2 +11.9%	2 -48.2%
Investing cash flow	-81 +19.7%	-101 +42.8%	-176 -693.7%	30 -10.1%	33 +304.7%	-16 +82.1%	-90 -113.6%	-42 +76.9%	-183 +23.1%	-238 -15.7%
Financing
Dividends paid	15 +3.6%	14 +94.4%	7	—	—	—	—	—	—	—
Financing cash flow	-54 +57.0%	-126 -1875.1%	7 +105.5%	-128 -94.0%	-66 -86.8%	-35 -200.2%	35 +237.0%	-26 -123.0%	112 -7.4%	121 +48.2%
Change in cash
Effect of exchange rate	—	—	—	-3	—	—	—	—	—	—
Net change in cash	65 +452.8%	-18 -465.4%	5 -82.6%	29 -55.4%	65 +1047.0%	-7 -27.4%	-5 -157.3%	9	—	—
Free cash flow	117 -44.6%	211	—	—	—	—	—	77 +3.9%	74 -13.0%	85 -41.9%
Per share
Free cash flow per share	1.71 -41.5%	2.93	—	—	—	—	—	1.38 +4.4%	1.32 -13.1%	1.52 -41.9%
Dividend per share	—	—	0.01	—	—	—	—	—	—	0.00
Shareholder returns
Returned to shareholders	15	14	7	—	—	—	—	—	—	—
Share of free cash flow	12.66%	6.77%	—	—	—	—	—	—	—	—
Ratios
Free cash flow margin	21.66%	41.14%	—	—	—	—	—	24.79%	24.78%	28.91%
Capital expenditures to revenue	15.79%	0.00%	—	—	—	—	—	0.21%	0.65%	0.59%
Stock-based compensation to revenue	0.34%	0.26%	0.26%	0.21%	0.39%	0.39%	0.50%	0.35%	0.47%	0.53%
Cash conversion	2.01x	2.46x	2.12x	2.44x	—	—	—	—	14.30x	1.94x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Deep Sea Foreign Transportation of Freight (SIC 4412)
Listed as: NVGS (NYSE)
Fiscal year ends: December 31
Incorporated in: Marshall Islands
Headquarters: London, United Kingdom
SEC filer status: Accelerated filer
SEC CIK: 1581804

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.