Navigator Holdings Past Earnings Performance
Past criteria checks 3/6
Navigator Holdings has been growing earnings at an average annual rate of 43.4%, while the Oil and Gas industry saw earnings growing at 9.9% annually. Revenues have been growing at an average rate of 9.9% per year. Navigator Holdings's return on equity is 9.3%, and it has net margins of 18.8%.
Key information
43.41%
Earnings growth rate
44.48%
EPS growth rate
| Oil and Gas Industry Growth | 33.67% |
| Revenue growth rate | 9.86% |
| Return on equity | 9.26% |
| Net Margin | 18.84% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Apr 29
NVGS: Q4 Beat And Positive Outlook Will Support Balanced Future Risk Reward
The analyst price target for Navigator Holdings has increased from $22.67 to $23.25, with analysts citing a Q4 earnings beat and what they describe as a positive outlook as key reasons for the change. Analyst Commentary Recent research points to a more constructive stance on Navigator Holdings, with the stock price target adjusted higher in response to the latest Q4 results and what is described as a positive outlook.Narrative Update • Apr 13
NVGS: Q4 Beat And Positive Outlook Will Support Further Upside Potential
Analysts have lifted their price target on Navigator Holdings by $1 to $25, citing a Q4 earnings beat and a more positive company outlook as key drivers behind the change. Analyst Commentary Bullish Takeaways Bullish analysts view the Q4 earnings beat as support for raising the price target to $25, suggesting the company is executing ahead of prior expectations.Narrative Update • Mar 29
NVGS: Q4 Beat And Positive Outlook Will Support Higher Price Potential
Analysts have lifted their price target on Navigator Holdings to $25 from $24, citing a recent Q4 beat and a more positive outlook from the company as support for the change. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a US$25 price target as a signal that recent execution, including the Q4 beat, supports a higher valuation range than previously assumed.Seeking Alpha • Mar 23
Navigator Holdings: Under Appreciated Long-Term Growth Potential
Summary Navigator Holdings remains undervalued despite a multi-year track record of steady EBITDA growth and a robust newbuild program. NVGS's ongoing share buybacks, including a recent 5.4% reduction, and vessel divestitures provide hidden value and accretive capital allocation. The newbuild program, requiring $600m investment, is expected to drive a step change in EPS and support a 20% CAGR through 2028. I maintain a BUY rating with a $30 price target by 2028, citing strong fundamentals, disciplined capital returns, and a favorable vessel supply backdrop. Read the full article on Seeking AlphaNarrative Update • Mar 14
NVGS: Q4 Beat And Positive Outlook Will Support Bullish Upside Potential
Analysts have raised their price target on Navigator Holdings to $25 from $24, citing the recent Q4 beat and a more constructive company outlook as key drivers of the change. Analyst Commentary Recent research points to a slightly more constructive stance on Navigator Holdings, with the price target lifting to $25 from $24 after the Q4 beat and a positive outlook from management.Narrative Update • Feb 28
NVGS: Stable Assumptions Will Support Balanced Outlook At Current Price
Analysts have maintained their $21.88 price target for Navigator Holdings, citing stable assumptions around discount rate, revenue growth, profit margin and future P/E as the key factors supporting their current valuation view. Valuation Changes Fair Value: Unchanged at $21.88, indicating a consistent view of intrinsic value.Narrative Update • Feb 14
NVGS: Lower Discount Rate Will Support Upside Despite Softer Profit Outlook
Analysts have adjusted their price target for Navigator Holdings to $21.88, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: Model-based fair value is unchanged at $21.88 per share.Narrative Update • Jan 31
NVGS: Upcoming Dividend Will Support Upside Despite Slightly Higher Discount Rate
Analysts have trimmed their price target for Navigator Holdings slightly to about US$21.88 from US$21.90, citing updated assumptions for discount rates, modest revenue contraction, profit margins, and forward P/E levels. What's in the News The board declared a cash dividend of US$0.07 per share for the quarter ended September 30, 2025, providing direct cash returns to shareholders for that period (Key Developments).Narrative Update • Jan 14
NVGS: Lower Discount Rate And New Dividend Will Support Upside
Analysts have raised their price target for Navigator Holdings from US$21.00 to about US$21.90, citing a lower assumed discount rate and a slightly reduced future P/E multiple as the main factors behind the adjustment. What's in the News The Board of Navigator Holdings Ltd.Analysis Article • Oct 01
Is Now The Time To Put Navigator Holdings (NYSE:NVGS) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jul 07
Investors Aren't Entirely Convinced By Navigator Holdings Ltd.'s (NYSE:NVGS) Earnings
Navigator Holdings Ltd.'s ( NYSE:NVGS ) price-to-earnings (or "P/E") ratio of 11.7x might make it look like a buy right...Seeking Alpha • Mar 19
Navigator Holdings: The Crumbling European Petrochemical Industry Provides Long-Term Tailwinds For Growth
Summary Navigator produced solid Q4 results, continuing a trend of consistent, yet growing EBITDA. Companies such as Exxon Mobil, Eni, Dow, and LyondellBasell are exiting the European petrochemical industry. The long-term macro conditions for European and Asian petrochemical markets are advantageous toward NVGS's business model. Following the pullback in share price, I have upgraded the Company to a 'Buy'. Read the full article on Seeking AlphaAnalysis Article • Jan 08
Investors Aren't Entirely Convinced By Navigator Holdings Ltd.'s (NYSE:NVGS) Earnings
Navigator Holdings Ltd.'s ( NYSE:NVGS ) price-to-earnings (or "P/E") ratio of 13.9x might make it look like a buy right...Analysis Article • Dec 18
Does Navigator Holdings (NYSE:NVGS) Deserve A Spot On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Seeking Alpha • Nov 27
Navigator Holdings: Terminal Expansion Set To Resume Steady Share Price Growth
Summary Navigator Holdings specializes in handysize and mid-size gas carriers, with a strong market position and a diversified asset base, including an ethylene export terminal. The company has a robust financial position, with significant cash reserves and manageable debt, and is expected to refinance its $210 million debt facility. The terminal expansion will boost EBITDA and fleet utilization, with management favoring share repurchases over dividends, targeting a fair value of $19-$21 per share. Risks include a high order book for mid-sized ships and uncertain demand for ammonia and CO2 capture, but overall prospects remain positive. Read the full article on Seeking AlphaSeeking Alpha • Nov 20
Navigator Holdings: Macro Tailwinds And Quality Assets; Bull Thesis Intact
Summary YTD Navigator realized 12.3% gains. Considering its fleet and the Houston Terminal, it is uniquely positioned. NVGS reported higher YoY revenue and EBITDA in 3Q24, with a $141 million revenue and $67 million EBITDA. NVGS restructured its balance sheet in 3Q24. Navigator's benefits are two-fold: lower cost of capital and pushing maturity forward five years. Navigator pays dividends and maintains a share repurchase program. The buyback yield is 5.09%. For the third quarter, NVGS declared a $0.05/share dividend. The LTM dividend yield is 1.24%. Navigator trades at 73% PNAV. In summary, I give NVGS a Strong Buy rating. Read the full article on Seeking AlphaAnalysis Article • Oct 08
Is Navigator Holdings (NYSE:NVGS) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Sep 18
Navigator Holdings: Superior Assets And Strong Financials; Rating Upgraded
Summary Navigator Holdings (NVGS) owns unique assets, including a large Handysize fleet and 50% ownership in Houston Ethylene Terminal. The company shows strong 2Q24 results with increased revenues and operating cash flow, despite a slight EPS decline due to interest swap losses. NVGS trades at 77% PNAV, offers a 6.6% combined yield, and maintains a healthy balance sheet with Total Debt/Equity below 100%. Rating upgraded to Strong Buy. Read the full article on Seeking Alpha
New Narrative • Sep 15
Tactical Investments And Financial Discipline Propel Growth Amid Market Challenges
Navigator Holdings is positioning itself in new markets like transporting CO2 and clean ammonia, aiming to boost long-term revenues and diversify income streams.Analysis Article • Sep 08
Fewer Investors Than Expected Jumping On Navigator Holdings Ltd. (NYSE:NVGS)
With a price-to-earnings (or "P/E") ratio of 13.1x Navigator Holdings Ltd. ( NYSE:NVGS ) may be sending bullish signals...Analysis Article • Aug 21
Navigator Holdings' (NYSE:NVGS) Dividend Will Be $0.05
The board of Navigator Holdings Ltd. ( NYSE:NVGS ) has announced that it will pay a dividend on the 24th of September...Analysis Article • Jul 25
If EPS Growth Is Important To You, Navigator Holdings (NYSE:NVGS) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Seeking Alpha • Jun 30
Navigator Holdings: Developing On-Shore Terminal Roots To Fuel Growth
Summary Navigator Holdings is expanding its on-shore terminal foothold through ethylene and ammonia export terminal projects. Investments in terminals boost both bottom line and shipping demand, driving growth in shipping rates for the company's handy-sized vessels. Improved financials, debt reduction, and cash flow analysis support long-term success and shareholder rewards. The company benefits from both rising shipping rates and lower interest expenses to grow EBITDA and net income. Read the full article on Seeking AlphaSeeking Alpha • Jan 31
Navigator Holdings: Bet On LPG Vessels Demand With Hidden Bonus
Summary Navigator Holdings is a niche player in the LPG transport market with a fleet of 56 vessels and a dominant position in the handysize segment. NVGS owns a 50% stake in one formidable asset in Houston, Texas, the world's largest ethylene export terminal. NVGS and Enterprise Products operated the terminal under 50/50 JV. NVGS has ample liquidity and adequate capital structure. The company delivers good margins and returns considering its fleet specifics. I have been long NVGS for the last month and plan to add more size. My verdict is a buy rating. Read the full article on Seeking AlphaAnalysis Article • Jan 04
Navigator Holdings Ltd. (NYSE:NVGS) Investors Are Less Pessimistic Than Expected
There wouldn't be many who think Navigator Holdings Ltd.'s ( NYSE:NVGS ) price-to-sales (or "P/S") ratio of 2.1x is...Analysis Article • Dec 09
Here's Why Navigator Holdings (NYSE:NVGS) Has Caught The Eye Of Investors
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Seeking Alpha • Dec 08
Navigator Holdings Keeps Chugging Along And Providing Value
Summary Navigator Holdings' stock price has been steadily rising over the past year, trading at a premium compared to the energy sector. The company operates a versatile fleet of liquefied gas carriers, playing a pivotal role in the transportation of essential gases. NVGS has seen improvements in its financial state and earnings, with strong market opportunities and a focus on dividends and buybacks. Read the full article on Seeking AlphaAnalysis Article • Sep 27
Is Navigator Holdings (NYSE:NVGS) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Seeking Alpha • Sep 20
Navigator Holdings: Quality Growth At A Discount
Summary Navigator Holdings is a shipowner focused on LPG carriers and petrochemical export terminals. Despite world-class management and governance, NVGS trades at a significant discount to peer valuations and our NAV estimates ($22/sh). NVGS has substantial growth potential into the mid-2020s via the expansion of its ethylene JV with Enterprise Product Partners, ammonia transport, and carbon capture. NVGS has an active repurchase program and has recently instituted a quarterly dividend. Our current 'fair value estimate' for NVGS is $18/sh, which represents 28% upside to current prices. Read the full article on Seeking AlphaSeeking Alpha • Aug 17
Navigator Holdings: Celebrating Its First Dividend Payment
Summary Navigator Gas is realizing the cash flow potential of its flexible vessels and ethylene export terminal. The company has initiated a dividend program and expanded the share buyback program. The company's fleet of handy-size vessels can load multiple forms of cargo, ensuring high demand and high charter rates. Navigator Gas is using its excess cash flows to fund growth projects, pay down debt, and reward shareholders, leading to potential dividend and share buyback growth in the future. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Navigator Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 576 | 109 | 46 | 0 |
| 31 Dec 25 | 587 | 100 | 44 | 0 |
| 30 Sep 25 | 578 | 103 | 36 | 0 |
| 30 Jun 25 | 567 | 88 | 37 | 0 |
| 31 Mar 25 | 584 | 90 | 39 | 0 |
| 31 Dec 24 | 567 | 86 | 44 | 0 |
| 30 Sep 24 | 564 | 82 | 43 | 0 |
| 30 Jun 24 | 560 | 83 | 41 | 0 |
| 31 Mar 24 | 549 | 86 | 38 | 0 |
| 31 Dec 23 | 551 | 82 | 38 | 0 |
| 30 Sep 23 | 532 | 74 | 37 | 0 |
| 30 Jun 23 | 501 | 58 | 35 | 0 |
| 31 Mar 23 | 490 | 45 | 34 | 0 |
| 31 Dec 22 | 474 | 53 | 33 | 0 |
| 30 Sep 22 | 483 | 3 | 34 | 0 |
| 30 Jun 22 | 479 | 7 | 37 | 0 |
| 31 Mar 22 | 441 | -7 | 34 | 0 |
| 31 Dec 21 | 406 | -31 | 34 | 0 |
| 30 Sep 21 | 362 | 13 | 31 | 0 |
| 30 Jun 21 | 340 | 8 | 30 | 0 |
| 31 Mar 21 | 337 | 11 | 29 | 0 |
| 31 Dec 20 | 332 | 0 | 29 | 0 |
| 30 Sep 20 | 321 | -7 | 29 | 0 |
| 30 Jun 20 | 315 | -11 | 27 | 0 |
| 31 Mar 20 | 307 | -22 | 27 | 0 |
| 31 Dec 19 | 301 | -17 | 26 | 0 |
| 30 Sep 19 | 304 | -18 | 25 | 0 |
| 30 Jun 19 | 309 | -14 | 25 | 0 |
| 31 Mar 19 | 308 | -10 | 25 | 0 |
| 31 Dec 18 | 310 | -6 | 24 | 0 |
| 30 Sep 18 | 308 | 0 | 23 | 0 |
| 30 Jun 18 | 298 | -2 | 23 | 0 |
| 31 Mar 18 | 299 | 3 | 22 | 0 |
| 31 Dec 17 | 299 | 5 | 21 | 0 |
| 30 Sep 17 | 297 | 12 | 21 | 0 |
| 30 Jun 17 | 297 | 19 | 20 | 0 |
| 31 Mar 17 | 295 | 28 | 20 | 0 |
| 31 Dec 16 | 294 | 45 | 20 | 0 |
| 30 Sep 16 | 297 | 61 | 20 | 0 |
| 30 Jun 16 | 306 | 78 | 20 | 0 |
| 31 Mar 16 | 317 | 94 | 21 | 0 |
| 31 Dec 15 | 315 | 98 | 21 | 0 |
| 30 Sep 15 | 315 | 102 | 20 | 0 |
| 30 Jun 15 | 317 | 102 | 20 | 0 |
Quality Earnings: NVGS has a large one-off gain of $39.6M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: NVGS's current net profit margins (18.8%) are higher than last year (15.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NVGS's earnings have grown significantly by 43.4% per year over the past 5 years.
Accelerating Growth: NVGS's earnings growth over the past year (20.6%) is below its 5-year average (43.4% per year).
Earnings vs Industry: NVGS earnings growth over the past year (20.6%) exceeded the Oil and Gas industry -1.7%.
Return on Equity
High ROE: NVGS's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 23:45 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Navigator Holdings Ltd. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Donald McLee | Berenberg |
| Spiro Dounis | Citigroup Inc |