Overview
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- TickerNVGS on NYSE2
- IndustryDeep Sea Foreign Transportation of Freight2
- Headquarters1T2
- Incorporated inMarshall Islands4
- Business addressVerde Building, 10 Bressenden Place, London, X0 Sw1E 5Dh4
- Filer categoryAccelerated filer4
- Legal formΙδιωτική Εταιρεία2
- LEI984500843F4B13E512182
- StatusActive2
- LEI statusIssued and current2
- Registered addressΦραγκλίνου Ρούσβελτ, 142, 3011 Λεμεσός, Cyprus2
- Registered withDepartment of Registrar of Companies and Official Receiver, ΗΕ 2123142
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Navigator Holdings Limited., which is also commercially known as Navigator Gas, was formed in 1997 as an Isle of Man public limited company for the original purpose of building and operating a fleet of five semi-refrigerated, ethylene-capable liquefied gas carriers. In March 2008, we redomiciled as a corporation in the Republic of the Marshall Islands and we maintain our principal executive offices at 10 Bressenden Place, London, SW1E 5DH, United Kingdom. Our telephone number at that address is +44 20 7340 4850. Our agent for service of process in the United States is Puglisi & Associates and its address is 850 Library Avenue, Suite 204, Newark, Delaware, 19711.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Time Charters brought in 67% of the revenue Navigator Holdings Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Time Charters | $317.0M | $336.8M | $360.3M |
| Voyage Charters | $176.3M | $174.9M | $178.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs81¢$474.4M
- Income tax2¢$12.5M
- Profit17¢$100.1M
Out of $587.0M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending42¢$85.0M
- Dividends paid7¢$14.8M
- Kept or used elsewhere51¢$101.9M
Out of $201.7M of cash from operations.3
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating revenues | $538.5M | $511.7M | $493.3M |
| Operating revenues Unigas Pool | $48.5M | $55.0M | $50.0M |
| Operating revenues Luna Pool collaborative arrangements | $0 | $0 | $7.4M |
| Total operating revenues | $587.0M | $566.7M | $550.7M |
| Brokerage commission | $7.3M | $7.0M | $6.9M |
| Voyage expenses | $77.3M | $72.1M | $74.5M |
| Voyage expenses Luna Pool collaborative arrangements | $0 | $0 | $5.6M |
| Vessel operating expenses | $191.3M | $175.0M | $171.0M |
| Depreciation and amortization | $134.5M | $132.7M | $129.2M |
| General and administrative costs | $36.4M | $36.6M | $31.2M |
| Profit from sale of vessels | -$25.2M | $0 | -$4.8M |
| Total net operating expenses | $421.5M | $423.5M | $413.6M |
| Operating Income | $165.4M | $143.2M | $137.2M |
| Realized loss on non-designated derivative instruments | -$1.2M | $0 | $0 |
| Unrealized loss on non-designated derivative instruments | -$4.7M | -$7.5M | -$7.3M |
| Interest expense | -$55.8M | -$56.1M | -$64.9M |
| Interest income | $5.8M | $6.2M | $5.7M |
| Write off of deferred financing costs | -$266.0K | -$829.0K | -$171.0K |
| Unrealized foreign exchange gain/(loss) | -$1.3M | -$2.0M | $17.0K |
| Loss on repayment of senior and unsecured bonds | $0 | -$1.5M | $0 |
| Net Other income | $2.3M | $0 | $60.0K |
| Income before taxes and share of result of equity method investments | $110.3M | $81.6M | $70.6M |
| Income taxes | -$12.5M | -$4.4M | -$4.3M |
| Share of result of equity method investments | $8.0M | $16.9M | $20.6M |
| Net income | $105.9M | $94.1M | $86.9M |
| Net income attributable to non-controlling interest | -$5.8M | -$8.5M | -$4.6M |
| Net Income attributable to stockholders of Navigator Holdings Ltd. | $100.1M | $85.6M | $82.3M |
| Basic (in dollars per share) | $1.49 | $1.20 | $1.11 |
| Diluted (in dollars per share) | $1.47 | $1.19 | $1.10 |
| Basic (in shares) | 67.3M shares | 71.1M shares | 74.1M shares |
| Diluted (in shares) | 68.0M shares | 71.8M shares | 74.6M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $154.9M | $130.8M | $149.6M | |
| Restricted cash | $49.9M | $9.0M | $8.6M | |
| Accounts receivable, net of allowance for credit losses | $34.8M | $29.0M | ||
| Accrued income | $7.8M | $5.8M | ||
| Prepaid expenses and other current assets | $19.5M | $14.8M | ||
| Bunkers and other inventory | $15.4M | $13.8M | ||
| Insurance receivable | $6.5M | $3.4M | ||
| Amounts due from related parties | $6.5M | $13.8M | ||
| Total current assets | $295.5M | $220.4M | ||
| Vessels, net | $1.6B | $1.7B | ||
| Vessels under construction | $115.3M | $41.6M | $0 | |
| Asset held for sale | $7.8M | $0 | $0 | |
| Property, plant and equipment, net | $302.0K | $385.0K | ||
| Intangible assets, net of accumulated amortization | $360.0K | $406.0K | ||
| Equity method investments | $247.9M | $253.7M | $174.9M | $148.5M |
| Derivative assets | $1.4M | $7.2M | ||
| Right-of-use asset | $1.3M | $2.1M | ||
| Other non-current assets | $8.3M | $1.2M | ||
| Total non-current assets | $2.0B | $2.0B | ||
| Total Assets | $2.3B | $2.2B | ||
| Current portion of secured term loan facilities, net of deferred financing costs | $168.1M | $250.1M | ||
| Current portion of operating lease liabilities | $1.2M | $1.2M | ||
| Accounts payable | $12.6M | $13.8M | ||
| Accrued expenses and other liabilities | $35.5M | $24.3M | ||
| Accrued interest | $4.1M | $4.8M | ||
| Deferred income | $27.3M | $24.5M | ||
| Derivative liability | $2.2M | $0 | ||
| Total current liabilities | $250.9M | $318.8M | ||
| Secured term loan facilities and revolving credit facilities, net of current portion and deferred financing costs | $594.0M | $505.0M | ||
| Senior unsecured bond, net of deferred financing costs | $138.2M | $98.4M | ||
| Operating lease liabilities, net of current portion | $1.6M | $2.6M | ||
| Deferred income | $18.0M | $0 | ||
| Deferred tax liabilities | $19.6M | $9.5M | ||
| Total non-current liabilities | $771.4M | $615.5M | ||
| Total liabilities | $1.0B | $934.3M | ||
| Common stock$0.01 par value per share; 400,000,000 shares authorized; 65,250,444 shares issued and outstanding at December 31, 2025 (December 31, 2024: 69,397,648) | $653.0K | $695.0K | ||
| Additional paid-in capital | $799.4M | $800.8M | ||
| Accumulated other comprehensive loss | -$408.0K | -$548.0K | ||
| Retained earnings | $427.2M | $404.5M | ||
| Total Navigator Holdings Ltd. Stockholders Equity | $1.2B | $1.2B | ||
| Non-controlling interest | $29.9M | $40.9M | ||
| Total equity | $1.3B | $1.2B | $1.2B | $1.2B |
| Total Liabilities and Stockholders Equity | $2.3B | $2.2B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 |
| Common stock, authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 65.3M shares | 69.4M shares | ||
| Common stock, shares outstanding (in shares) | 65.3M shares | 69.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $154.9M | $130.8M | $149.6M | |
| Restricted cash | $49.9M | $9.0M | $8.6M | |
| Accounts receivable, net of allowance for credit losses | $34.8M | $29.0M | ||
| Accrued income | $7.8M | $5.8M | ||
| Prepaid expenses and other current assets | $19.5M | $14.8M | ||
| Bunkers and other inventory | $15.4M | $13.8M | ||
| Insurance receivable | $6.5M | $3.4M | ||
| Amounts due from related parties | $6.5M | $13.8M | ||
| Total current assets | $295.5M | $220.4M | ||
| Vessels, net | $1.6B | $1.7B | ||
| Vessels under construction | $115.3M | $41.6M | $0 | |
| Asset held for sale | $7.8M | $0 | $0 | |
| Property, plant and equipment, net | $302.0K | $385.0K | ||
| Intangible assets, net of accumulated amortization | $360.0K | $406.0K | ||
| Equity method investments | $247.9M | $253.7M | $174.9M | $148.5M |
| Derivative assets | $1.4M | $7.2M | ||
| Right-of-use asset | $1.3M | $2.1M | ||
| Other non-current assets | $8.3M | $1.2M | ||
| Total non-current assets | $2.0B | $2.0B | ||
| Total Assets | $2.3B | $2.2B | ||
| Current portion of secured term loan facilities, net of deferred financing costs | $168.1M | $250.1M | ||
| Current portion of operating lease liabilities | $1.2M | $1.2M | ||
| Accounts payable | $12.6M | $13.8M | ||
| Accrued expenses and other liabilities | $35.5M | $24.3M | ||
| Accrued interest | $4.1M | $4.8M | ||
| Deferred income | $27.3M | $24.5M | ||
| Derivative liability | $2.2M | $0 | ||
| Total current liabilities | $250.9M | $318.8M | ||
| Secured term loan facilities and revolving credit facilities, net of current portion and deferred financing costs | $594.0M | $505.0M | ||
| Senior unsecured bond, net of deferred financing costs | $138.2M | $98.4M | ||
| Operating lease liabilities, net of current portion | $1.6M | $2.6M | ||
| Deferred income | $18.0M | $0 | ||
| Deferred tax liabilities | $19.6M | $9.5M | ||
| Total non-current liabilities | $771.4M | $615.5M | ||
| Total liabilities | $1.0B | $934.3M | ||
| Common stock$0.01 par value per share; 400,000,000 shares authorized; 65,250,444 shares issued and outstanding at December 31, 2025 (December 31, 2024: 69,397,648) | $653.0K | $695.0K | ||
| Additional paid-in capital | $799.4M | $800.8M | ||
| Accumulated other comprehensive loss | -$408.0K | -$548.0K | ||
| Retained earnings | $427.2M | $404.5M | ||
| Total Navigator Holdings Ltd. Stockholders Equity | $1.2B | $1.2B | ||
| Non-controlling interest | $29.9M | $40.9M | ||
| Total equity | $1.3B | $1.2B | $1.2B | $1.2B |
| Total Liabilities and Stockholders Equity | $2.3B | $2.2B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 |
| Common stock, authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 65.3M shares | 69.4M shares | ||
| Common stock, shares outstanding (in shares) | 65.3M shares | 69.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $105.9M | $94.1M | $86.9M |
| Unrealized loss on non-designated derivative instruments | $4.7M | $7.5M | $7.3M |
| Realized loss on non-designated derivative instruments | $1.2M | $0 | $0 |
| Proceeds from derivative settlements | $2.6M | $0 | $0 |
| Depreciation and amortization | $134.5M | $132.7M | $129.2M |
| Payment of drydocking costs | -$25.8M | -$32.1M | -$12.4M |
| Profit from sale of vessel | -$25.2M | $0 | -$4.8M |
| Share-based compensation expense | $1.8M | $1.3M | $1.3M |
| Amortization of deferred financing costs | $3.5M | $4.1M | $3.7M |
| Share of results of equity method investments | -$8.0M | -$16.9M | -$20.6M |
| Deferred taxes | $10.2M | $3.3M | $2.4M |
| Repayments under operating lease obligations | -$1.4M | -$1.0M | -$289.0K |
| Gain on the consolidation of VIE | $0 | -$504.0K | $0 |
| Net Other Income | -$2.3M | $0 | $0 |
| Other unrealized foreign exchange (gain)/loss | -$359.0K | $965.0K | -$160.0K |
| Accounts receivable | -$5.8M | $5.6M | -$16.4M |
| Insurance claim receivable | -$5.5M | -$6.4M | $400.0K |
| Bunkers and lubricant oils | -$1.7M | -$4.7M | -$496.0K |
| Accrued income, prepaid expenses and other current assets | -$5.9M | -$342.0K | $11.0M |
| Accounts payable, accrued interest, accrued expenses and other liabilities | $12.0M | $3.3M | $4.5M |
| Amount due to/from related parties | $7.3M | $19.6M | -$17.0M |
| Net cash provided by operating activities | $201.7M | $210.5M | $174.4M |
| Additions to vessels and equipment | -$85.0M | $0 | -$191.7M |
| Additions to vessels under construction | -$68.5M | -$41.2M | $0 |
| Contributions to equity method investments | -$4.0M | -$89.0M | -$36.6M |
| Distributions from equity method investments | $17.8M | $27.1M | $30.8M |
| Investment in preferred securities | -$1.2M | -$1.2M | $0 |
| Purchase of other property, plant and equipment and intangibles | -$52.0K | -$194.0K | -$233.0K |
| Net proceeds from sale of vessels | $47.8M | $0 | $20.7M |
| Proceeds from Government Grant | $9.7M | $0 | $0 |
| Insurance recoveries | $2.4M | $3.6M | $527.0K |
| Net cash used in investing activities | -$81.1M | -$101.0M | -$176.5M |
| Proceeds from secured term loan facilities and revolving credit facilities | $374.6M | $216.1M | $323.6M |
| Direct financing cost of secured term loan and revolving credit facilities and unsecured bonds | -$4.1M | -$1.5M | -$3.5M |
| Repurchase of share capital | -$62.7M | -$57.1M | -$48.7M |
| (Purchase)/proceeds of unsecured bonds | $40.0M | $5.9M | -$9.0M |
| Repayment of secured term loan facilities and revolving credit facilities | -$367.3M | -$224.7M | -$268.3M |
| Repayment of refinancing of vessel to related parties | $0 | -$48.9M | -$6.8M |
| Cash received from non-controlling interest | $4.0M | $0 | $27.3M |
| Purchase of non-controlling interest | -$16.8M | $0 | $0 |
| Dividend paid to non-controlling interest | -$7.1M | -$1.6M | $0 |
| Dividends paid | -$14.8M | -$14.3M | -$7.3M |
| Net cash provided by/(used in) financing activities | -$54.2M | -$126.0M | $7.1M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -$1.3M | -$2.0M | $17.0K |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | $65.1M | -$18.4M | $5.0M |
| Total interest paid during the year, net of amounts capitalized | $56.1M | $53.8M | $62.1M |
| Total tax paid during the year | $2.1M | $1.9M | $1.8M |
| (Purchase)/proceeds of senior unsecured bonds | $40.0M | $5.9M | -$9.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Navigator Holdings Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Navigator Holdings Ltd.
- BW Group Ltd Filed SCHEDULE 13D/A on Navigator Holdings Ltd., latest Oct 14, 2026 (7 filings since Jun 13, 2024)
- Ultranav Dos Limitada Naviera Filed SC 13D/A on Navigator Holdings Ltd., latest Feb 16, 2023
- Neil Gagnon Filed SC 13G/A on Navigator Holdings Ltd., latest Jul 27, 2022 (3 filings since Dec 7, 2021)
- Ultranav Limitada Naviera Filed SC 13D/A on Navigator Holdings Ltd., latest Jun 15, 2022
- Navigator Holdings Ltd. Λεμεσός, Cyprus
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Navigator Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $1.6B3 Dec 31, 2025 | $1.7B3 Dec 31, 2024 | −3.2% |
| Operating-lease assets (leased space) | $1.3M3 Dec 31, 2025 | $2.1M3 Dec 31, 2024 | −38.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $154.9M3 Dec 31, 2025 | $130.8M3 Dec 31, 2024 | +18.4% |
| Stakes in other companies (equity method) | $247.9M3 Dec 31, 2025 | $253.7M3 Dec 31, 2024 | −2.3% |
Intangibles and goodwill
Leadership
Who has led Navigator Holdings Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerMads Peter Zacho Mar 17, 2026 to now13
- Chief operating officerMichael Schroder Mar 17, 2026 to now14
Board members and other officers (6)
- Chief Commercial OfficerOeyvind Lindeman Mar 16, 2026 to now15
- Board memberAnita Odedra Mar 16, 2026 to now16
- Board memberFlorian Weidinger Mar 16, 2026 to now17
- Board memberJanette Marx Mar 16, 2026 to now18
- Board memberHeiko Fischer Mar 18, 2026 to now19
- Board memberAppen Dag Karl Albert Von Mar 23, 2026 to now20
Timeline
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.36 a share, on Nov 4, 2025.21
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
130 filings to the SEC since October 2021: 5 annual reports, 15 insider forms, 12 large holders, 98 other. The latest 20:
- Oct 14, 2026SCHEDULE 13D/A EDGAR
- Oct 8, 2026425 EDGAR
- Oct 8, 20266-K EDGAR
- Oct 5, 2026SCHEDULE 13D/A EDGAR
- Aug 24, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 4, 20266-K EDGAR
- Aug 3, 20266-K EDGAR
- Jul 31, 2026SCHEDULE 13D/A EDGAR
- Jul 22, 2026SCHEDULE 13D/A EDGAR
- Jul 14, 20266-K EDGAR
- Jun 25, 2026SCHEDULE 13D/A EDGAR
- Jun 23, 20264 EDGAR
- Jun 18, 20266-K EDGAR
- Jun 15, 20266-K EDGAR
- Jun 2, 20264 EDGAR
- May 22, 20264 EDGAR
- May 18, 2026144 EDGAR
- May 11, 20266-K EDGAR
- May 6, 20266-K EDGAR
The 130 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Lindeman OeyvindChief Commercial Officer | Sale | 7,500 | $21.68 | $162.6K | Form 4 |
| Aug 12, 2026 | Stokes Peter George Charles AndrewDirector | Sale | 5,000 | $20.28 | $101.4K | Form 4 |
| May 29, 2026 | Lindeman OeyvindChief Commercial Officer | Sale | 6,259 | $21.70 | $135.8K | Form 4 |
| May 20, 2026 | Schroder MichaelChief Operating Officer | Sale | 25,000 | $23.63 | $590.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BW Group LtdSCHEDULE 13D/A, 7 filings Jun 13, 2024 to Oct 14, 202622
- Ultranav Dos Limitada NavieraSC 13D/A, 1 filing Feb 16, 202323
- Neil GagnonSC 13G/A, 3 filings Dec 7, 2021 to Jul 27, 202224
- Ultranav Limitada NavieraSC 13D/A, 1 filing Jun 15, 202225
SEC filer profile
How Navigator Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNavigator Holdings Ltd.1
- CIK0001581804
- Filer statusAccelerated filer not an emerging growth company; not a shell company5
- Incorporated inRepublic of the Marshall Islands5
- Fiscal year endsDecember 311
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressVerde Building, 10 Bressenden Place, London, X0 SW1E 5DH1
- Phone44 (0) 20 7340 48521
- Shares outstanding65,250,444 shares as of Dec 31, 20255
- AuditorPricewaterhouseCoopers LLP, London, United Kingdom PCAOB ID 876; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJul 18, 20131
- Filings278 in all: 6-K (174), 20-F (13), UPLOAD (13), CORRESP (11), 3 (10), SC 13G/A (6), SCHEDULE 13D/A (6), 4 (5)1
All 28 form types
F-1/A (5), 424B7 (4), DRSLTR (4), SC 13D/A (4), DRS/A (3), SC 13G (3), EFFECT (2), S-8 (2), SC 13D (2), 144 (1), 20-F/A (1), 424B4 (1), 425 (1), 8-A12B (1), CERTNYS (1), DRS (1), F-1 (1), F-1MEF (1), F-3 (1), NT 20-F (1)
- Latest filingsAnnual report (20-F) Mar 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | NVGS | New York Stock Exchange |
From the cover page of the 20-F filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARAnita Odedra, Board member
- 17SEC EDGARFlorian Weidinger, Board member
- 18SEC EDGARJanette Marx, Board member
- 19SEC EDGARHeiko Fischer, Board member
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- 21NasdaqNasdaq calendar
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