Icon Energy Corp.
Icon Energy Corp., a shipping company, provides seaborne transportation services for dry bulk cargoes through its fleet of oceangoing vessels worldwide. Its fleet consists of one Panamax dry bulk vessel with a carrying capacity of approximately 77,326 deadweight tons (dwt); and one Kamsarmax dry bulk vessel with a carrying capacity of approximately 81,448 dwt. The company serves dry bulk operator… Read more
Icon Energy Corp. (ICON) - Net Assets
Latest net assets as of September 2025: $20.64 Million USD
Based on the latest financial reports, Icon Energy Corp. (ICON) has net assets worth $20.64 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.01 Million) and total liabilities ($37.37 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $20.64 Million |
| % of Total Assets | 35.58% |
| Annual Growth Rate | 4.64% |
| 5-Year Change | N/A |
| 10-Year Change | -98.31% |
| Growth Volatility | 104.84 |
Icon Energy Corp. - Net Assets Trend (1989–2024)
This chart illustrates how Icon Energy Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Icon Energy Corp. (1989–2024)
The table below shows the annual net assets of Icon Energy Corp. from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.75 Million | +28.11% |
| 2023-12-31 | $9.17 Million | -35.98% |
| 2022-12-31 | $14.32 Million | +12.61% |
| 2021-12-31 | $12.72 Million | +104.82% |
| 2020-12-31 | $-264.09 Million | -3.01% |
| 2019-12-31 | $-256.36 Million | -75.91% |
| 2018-12-31 | $-145.74 Million | -185.89% |
| 2017-12-31 | $-50.98 Million | -110.31% |
| 2016-12-31 | $494.64 Million | -28.82% |
| 2015-12-31 | $694.90 Million | -34.10% |
| 2014-12-31 | $1.05 Billion | -4.30% |
| 2013-12-31 | $1.10 Billion | -15.22% |
| 2012-12-31 | $1.30 Billion | +0.48% |
| 2011-12-31 | $1.29 Billion | +13.58% |
| 2010-12-31 | $1.14 Billion | +17.44% |
| 2009-12-31 | $969.77 Million | +58.07% |
| 2008-12-31 | $613.53 Million | +16.22% |
| 2007-12-31 | $527.92 Million | +13.42% |
| 2006-12-31 | $465.46 Million | +361.32% |
| 2005-12-31 | $100.90 Million | +247.79% |
| 2002-12-31 | $29.01 Million | +23.35% |
| 2001-12-31 | $23.52 Million | -4.95% |
| 2000-12-31 | $24.75 Million | -24.90% |
| 1999-12-31 | $32.95 Million | -36.39% |
| 1998-12-31 | $51.80 Million | +109.72% |
| 1997-12-31 | $24.70 Million | +187.21% |
| 1996-12-31 | $8.60 Million | +53.57% |
| 1995-12-31 | $5.60 Million | +27.27% |
| 1994-12-31 | $4.40 Million | +833.33% |
| 1993-12-31 | $-600.00K | +94.78% |
| 1992-12-31 | $-11.50 Million | -325.93% |
| 1991-12-31 | $-2.70 Million | -140.30% |
| 1990-12-31 | $6.70 Million | +179.17% |
| 1989-12-31 | $2.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icon Energy Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 182800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $128.00K | 1.09% |
| Other Components | $11.62 Million | 98.91% |
| Total Equity | $11.75 Million | 100.00% |
Icon Energy Corp. Competitors by Market Cap
The table below lists competitors of Icon Energy Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FREEPORT MCMORAN (FPMB.SG)
STU:FPMB
|
$486.08K |
|
Kokoh Inti Arebama Tbk
JK:KOIN
|
$486.34K |
|
J P Morgan Exchange-Traded Fund Trust - High Yield Municipal ETF Fund
NASDAQ:JMHI
|
$486.98K |
|
PAN AMER SILVER
MU:PA2
|
$487.09K |
|
JB HI-FI (JB3.SG)
STU:JB3
|
$486.01K |
|
Kincora Copper Limited
PINK:BZDLF
|
$484.76K |
|
The Turbotville National Bank
PINK:TVNB
|
$484.33K |
|
US STEEL
MU:USX1
|
$484.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icon Energy Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,169,000 to 11,746,000, a change of 2,577,000 (28.1%).
- Net loss of 210,000 reduced equity.
- Dividend payments of 239,000 reduced retained earnings.
- Share repurchases of 3,000,000 reduced equity.
- New share issuances of 4,565,000 increased equity.
- Other factors increased equity by 1,461,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-210.00K | -1.79% |
| Dividends Paid | $239.00K | -2.03% |
| Share Repurchases | $3.00 Million | -25.54% |
| Share Issuances | $4.57 Million | +38.86% |
| Other Changes | $1.46 Million | +12.44% |
| Total Change | $- | 28.11% |
Book Value vs Market Value Analysis
This analysis compares Icon Energy Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $36.59 | $1.09 | x |
| 1990-12-31 | $88.68 | $1.09 | x |
| 1991-12-31 | $-31.81 | $1.09 | x |
| 1992-12-31 | $-146.10 | $1.09 | x |
| 1993-12-31 | $-1.26 | $1.09 | x |
| 1994-12-31 | $7.58 | $1.09 | x |
| 1995-12-31 | $6.42 | $1.09 | x |
| 1996-12-31 | $8.60 | $1.09 | x |
| 1997-12-31 | $17.91 | $1.09 | x |
| 1998-12-31 | $33.97 | $1.09 | x |
| 1999-12-31 | $18.51 | $1.09 | x |
| 2000-12-31 | $12.87 | $1.09 | x |
| 2001-12-31 | $11.97 | $1.09 | x |
| 2002-12-31 | $12.25 | $1.09 | x |
| 2005-12-31 | $29.02 | $1.09 | x |
| 2006-12-31 | $102.81 | $1.09 | x |
| 2007-12-31 | $85.94 | $1.09 | x |
| 2008-12-31 | $100.17 | $1.09 | x |
| 2009-12-31 | $141.94 | $1.09 | x |
| 2010-12-31 | $152.44 | $1.09 | x |
| 2011-12-31 | $171.35 | $1.09 | x |
| 2012-12-31 | $180.64 | $1.09 | x |
| 2013-12-31 | $181.44 | $1.09 | x |
| 2014-12-31 | $186.31 | $1.09 | x |
| 2015-12-31 | $158.37 | $1.09 | x |
| 2016-12-31 | $105.35 | $1.09 | x |
| 2017-12-31 | $-3.62 | $1.09 | x |
| 2018-12-31 | $-16.57 | $1.09 | x |
| 2019-12-31 | $-21.02 | $1.09 | x |
| 2020-12-31 | $-34.27 | $1.09 | x |
| 2021-12-31 | $10.34 | $1.09 | x |
| 2022-12-31 | $11.64 | $1.09 | x |
| 2023-12-31 | $7.45 | $1.09 | x |
| 2024-12-31 | $9.55 | $1.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icon Energy Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.96%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.45x
- Recent ROE (-1.79%) is below the historical average (2.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 33.33% | 3.07% | 1.98x | 5.50x | $560.00K |
| 1990 | 25.37% | 4.11% | 2.56x | 2.42x | $1.03 Million |
| 1991 | 0.00% | -9.27% | 3.71x | 0.00x | $-5.23 Million |
| 1992 | 0.00% | -123.94% | 0.76x | 0.00x | $-7.65 Million |
| 1993 | 0.00% | -64.29% | 0.89x | 0.00x | $-6.24 Million |
| 1994 | 18.18% | 4.00% | 1.94x | 2.34x | $360.00K |
| 1995 | 19.64% | 2.90% | 3.24x | 2.09x | $540.00K |
| 1996 | 12.79% | 2.44% | 3.06x | 1.71x | $240.00K |
| 1997 | 18.22% | 4.84% | 3.01x | 1.25x | $2.03 Million |
| 1998 | -1.16% | -0.52% | 1.54x | 1.44x | $-5.78 Million |
| 1999 | -76.41% | -27.73% | 1.42x | 1.94x | $-28.47 Million |
| 2000 | -33.14% | -9.04% | 1.80x | 2.04x | $-10.67 Million |
| 2001 | -9.70% | -2.37% | 1.90x | 2.15x | $-4.63 Million |
| 2002 | -13.60% | -2.52% | 1.52x | 3.57x | $-6.85 Million |
| 2005 | 15.80% | 52.87% | 0.14x | 2.15x | $5.85 Million |
| 2006 | 6.98% | 40.28% | 0.12x | 1.51x | $-14.04 Million |
| 2007 | 12.08% | 39.85% | 0.12x | 2.53x | $10.96 Million |
| 2008 | 11.43% | 32.36% | 0.15x | 2.31x | $8.80 Million |
| 2009 | 7.75% | 32.37% | 0.13x | 1.86x | $-21.87 Million |
| 2010 | 8.68% | 29.72% | 0.17x | 1.71x | $-15.04 Million |
| 2011 | 9.75% | 34.10% | 0.17x | 1.67x | $-3.25 Million |
| 2012 | 8.42% | 30.92% | 0.14x | 1.91x | $-20.58 Million |
| 2013 | 11.62% | 29.60% | 0.15x | 2.60x | $17.85 Million |
| 2014 | 14.29% | 33.11% | 0.16x | 2.69x | $45.86 Million |
| 2015 | -24.75% | -49.92% | 0.15x | 3.30x | $-265.78 Million |
| 2016 | -45.73% | -68.43% | 0.18x | 3.64x | $-307.27 Million |
| 2017 | 0.00% | -216.64% | 0.26x | 0.00x | $-487.18 Million |
| 2018 | 0.00% | -53.56% | 0.30x | 0.00x | $-89.36 Million |
| 2019 | 0.00% | -74.85% | 0.29x | 0.00x | $-89.32 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-79.49 Million |
| 2021 | 26.08% | 55.65% | 0.41x | 1.15x | $2.05 Million |
| 2022 | 29.62% | 58.58% | 0.50x | 1.02x | $2.81 Million |
| 2023 | 12.60% | 25.80% | 0.35x | 1.40x | $238.10K |
| 2024 | -1.79% | -3.96% | 0.18x | 2.45x | $-1.38 Million |
Industry Comparison
This section compares Icon Energy Corp.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icon Energy Corp. (ICON) | $20.64 Million | 33.33% | 1.81x | $486.01K |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |