Navigator Holdings Ltd.
NVGS · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $21.70 — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B71Liquefied-gas shipping operator generating top-decile free cash flow with solid earnings growth, tempered by heavy leverage.
Strengths
- Free cash flow $116M (93rd pct) and FCF margin 70% percentile; net income growth 17% (78th pct)
- Operating margin 28% and ample $296M total liquidity
Risks
- Mid-pack ROE 8.2% (47th pct) and cyclical charter-rate exposure
- Substantial indebtedness (~$1.4B future obligations) with large newbuild capex commitments
Notable findings
- Going concernThe Company has a responsibility to evaluate whether conditions and/or events raise substantial doubt over its ability to meet its future financial obligations as they become due within one year after
- Strong balance sheetStrong balance sheet — $155M cash & investments
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$726,595, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
28.2%
Net margin
17.1%
Return on equity
8.2%
Return on assets
4.4%
Revenue growth (QoQ)
-2.8%
Net-income growth
17.0%
Current ratio
1.2×
Free cash flow
$117M
EBITDA
$300M
Tangible book value
$1.2B
Cash & investments
$155M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Lindeman Oeyvind | Option exercise | 46K | $14.79 |
| 2026-06-18 | Lindeman Oeyvind | Tax withheld | 32K | $22.54 |
| 2026-05-29 | Lindeman Oeyvind | Sell | 6.3K | $21.70 |
| 2026-05-20 | Schroder Michael | Sell | 25K | $23.63 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-12 | 2025-12-31 | 0001628280-26-017320 ↗ |
| 20-F | 2025-03-25 | 2024-12-31 | 0001628280-25-014751 ↗ |
| 20-F | 2024-03-27 | 2023-12-31 | 0001628280-24-013304 ↗ |
| 20-F | 2023-04-04 | 2022-12-31 | 0001193125-23-091037 ↗ |
| 20-F | 2022-04-28 | 2021-12-31 | 0001193125-22-128026 ↗ |
| 20-F | 2021-05-17 | 2020-12-31 | 0001193125-21-163906 ↗ |
| 20-F | 2020-05-11 | 2019-12-31 | 0001193125-20-137747 ↗ |
| 20-F | 2019-04-01 | 2018-12-31 | 0001193125-19-093829 ↗ |
| 20-F | 2018-03-05 | 2017-12-31 | 0001193125-18-070502 ↗ |
| 20-F | 2017-03-01 | 2016-12-31 | 0001193125-17-065882 ↗ |
| 20-F | 2016-03-03 | 2015-12-31 | 0001193125-16-491713 ↗ |
| 20-F | 2015-03-17 | 2014-12-31 | 0001193125-15-095337 ↗ |