Symbols / ICON $0.96 -12.10% Icon Energy Corp.

Industrials • Marine Shipping • Greece • NCM
ICON Chart
About

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); one Kamsarmax dry bulk vessel with a carrying capacity of approximately 81,448 dwt; and one Ultramax dry bulk vessel with a carrying capacity of approximately 63.668 dwt. The company serves dry bulk operators, commodity traders, and end users. The company was incorporated in 2023 and is based in Athens, Greece. Icon Energy Corp. is a subsidiary of Atlantis Holding Corp.

Fundamentals
Scroll to Statements
Sector Industrials Industry Marine Shipping Market Cap 3.08M
Enterprise Value 31.64M Income -7.17M Sales 11.26M
Book/sh 30.89 Cash/sh 5.61 Dividend Yield 128.44%
Payout 26.42% Employees — IPO —
P/E — Forward P/E -0.13 PEG —
P/S 0.27 P/B 0.03 P/C —
EV/EBITDA 10.17 EV/Sales 2.81 Quick Ratio 0.91
Current Ratio 1.10 Debt/Eq 162.59 LT Debt/Eq —
EPS (ttm) -18.04 EPS next Y -7.65 EPS Growth —
Revenue Growth 104.60% Earnings 2026-02-24 17:00 ROA 0.26%
ROE -25.34% ROIC — Gross Margin 43.82%
Oper. Margin 3.06% Profit Margin -37.29% Shs Outstand 3.21M
Shs Float 691.72K Short Float 3.03% Short Ratio 0.21
Short Interest — 52W High 16.75 52W Low 0.78
Beta — Avg Volume 1.04M Volume 199.46K
Target Price $10.00 Recom None Prev Close $1.09
Price $0.96 Change -12.10%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.00
Mean price target
2. Current target
$0.96
Latest analyst target
3. DCF / Fair value
$-24.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.96
Low
$10.00
High
$10.00
Mean
$10.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-04-25 main Maxim Group Buy → Buy $5
News
RSS: Latest ICON news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2021-03-31 GALVIN ROBERT C. Chief Executive Officer — 79,121 $2.01 $159,033
2021-03-05 GALVIN ROBERT C. Chief Executive Officer — 151,232 $1.93 $291,878
2021-03-05 MCCLAIN JOHN T. Chief Financial Officer — 184,899 $2.03 $375,345
2020-03-31 GALVIN ROBERT C. Chief Executive Officer — 79,111 $0.66 $52,213
2020-02-11 MCCLAIN JOHN T. Chief Financial Officer — 116,666 $1.39 $162,166
2019-10-15 GALVIN ROBERT C. Chief Executive Officer — 154,107 $1.98 $305,132
2019-04-16 GALVIN ROBERT C. Chief Executive Officer — 154,145 $1.93 $297,500
2019-04-01 GALVIN ROBERT C. Chief Executive Officer — 27,739 $1.84 $51,040
2018-12-14 WOOD JEFFREY NEIL Chief Financial Officer — 10,928 $0.12 $1,311
2018-09-19 CUNEO FRANK PETER Chief Executive Officer — 44,350 $0.26 $11,487
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11.26
+112.02%
5.31
+18.61%
4.48
-38.19%
7.24
Operating Revenue
11.26
+112.02%
5.31
+18.61%
4.48
-38.19%
7.24
Cost Of Revenue
8.72
+126.94%
3.84
+41.15%
2.72
-0.51%
2.74
Reconciled Cost Of Revenue
8.72
+126.94%
3.84
+41.15%
2.72
-0.51%
2.74
Gross Profit
2.54
+72.94%
1.47
-16.36%
1.75
-61.07%
4.50
Operating Expense
2.36
+81.73%
1.30
+99.85%
0.65
+126.13%
0.29
Selling General And Administration
1.08
+213.91%
0.34
+1816.67%
0.02
+50.00%
0.01
General And Administrative Expense
1.08
+213.91%
0.34
+1816.67%
0.02
+50.00%
0.01
Other Gand A
1.08
+213.91%
0.34
+1816.67%
0.02
+50.00%
0.01
Other Operating Expenses
1.27
+33.82%
0.95
+50.87%
0.63
+129.45%
0.28
Total Expenses
11.08
+115.53%
5.14
+52.45%
3.37
+11.51%
3.02
Operating Income
0.18
+5.88%
0.17
-84.62%
1.10
-73.80%
4.22
Total Operating Income As Reported
0.18
+5.88%
0.17
-84.62%
1.10
-73.80%
4.22
EBITDA
3.08
+63.48%
1.88
-14.17%
2.19
-58.47%
5.29
Normalized EBITDA
3.75
+99.10%
1.88
-14.17%
2.19
-58.47%
5.29
Reconciled Depreciation
3.46
+111.02%
1.64
+58.34%
1.04
-0.29%
1.04
EBIT
-0.39
-259.09%
0.24
-79.10%
1.16
-72.72%
4.25
Total Unusual Items
-0.67
—
—
—
Total Unusual Items Excluding Goodwill
-0.67
—
—
—
Net Income
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Pretax Income
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Net Non Operating Interest Income Expense
-3.69
-869.74%
-0.38
-816.98%
0.05
+430.00%
0.01
Interest Expense Non Operating
3.81
+743.36%
0.45
+14966.67%
0.00
+0.00%
0.00
Net Interest Income
-3.69
-869.74%
-0.38
-816.98%
0.05
+430.00%
0.01
Interest Expense
3.81
+743.36%
0.45
+14966.67%
0.00
+0.00%
0.00
Interest Income Non Operating
0.13
+76.39%
0.07
+28.57%
0.06
+330.77%
0.01
Interest Income
0.13
+76.39%
0.07
+28.57%
0.06
+330.77%
0.01
Other Income Expense
-0.69
-35.16%
-0.51
-16966.67%
-0.00
-121.43%
0.01
Other Non Operating Income Expenses
-0.02
+95.90%
-0.51
-16966.67%
-0.00
-121.43%
0.01
Gain On Sale Of Security
-0.67
—
—
—
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Net Income From Continuing Operation Net Minority Interest
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Net Income From Continuing And Discontinued Operation
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Net Income Continuous Operations
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Normalized Income
-3.53
-1579.05%
-0.21
-118.18%
1.16
-72.77%
4.24
Net Income Common Stockholders
-7.17
-504.38%
-1.19
-202.77%
1.16
-72.77%
4.24
Diluted EPS
—
-304.15
-290.92%
159.31
-76.90%
689.53
Basic EPS
—
-304.15
-290.92%
159.31
-76.90%
689.53
Basic Average Shares
—
0.00
-46.17%
0.01
+17.85%
0.01
Diluted Average Shares
—
0.00
-46.17%
0.01
+17.85%
0.01
Diluted NI Availto Com Stockholders
-7.17
-504.38%
-1.19
-202.77%
1.16
-72.77%
4.24
Preferred Stock Dividends
2.98
+204.71%
0.98
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
58.44
+102.97%
28.80
+123.53%
12.88
-11.75%
14.60
Current Assets
5.03
+290.16%
1.29
-57.31%
3.02
-25.18%
4.04
Cash Cash Equivalents And Short Term Investments
3.88
+310.15%
0.95
-64.99%
2.70
-23.91%
3.55
Cash And Cash Equivalents
3.88
+310.15%
0.95
-64.99%
2.70
-23.91%
3.55
Receivables
0.28
0.00
-100.00%
0.21
-27.37%
0.28
Accounts Receivable
0.28
0.00
0.00
-100.00%
0.12
Inventory
0.31
+136.09%
0.13
+133.33%
0.06
-57.46%
0.13
Prepaid Assets
0.33
+91.28%
0.17
+300.00%
0.04
-2.27%
0.04
Restricted Cash
0.20
0.00
—
—
Other Current Assets
0.03
-17.95%
0.04
+200.00%
0.01
-48.00%
0.03
Total Non Current Assets
53.41
+94.19%
27.50
+178.96%
9.86
-6.61%
10.56
Net PPE
51.27
+96.44%
26.10
+183.58%
9.20
-6.67%
9.86
Gross PPE
57.21
+96.52%
29.11
+162.56%
11.09
+0.20%
11.07
Accumulated Depreciation
-5.95
-97.18%
-3.02
-59.95%
-1.89
-56.43%
-1.21
Construction In Progress
—
0.00
-100.00%
0.02
0.00
Non Current Deferred Assets
1.64
+81.15%
0.91
+38.05%
0.66
-5.74%
0.70
Other Non Current Assets
0.50
+0.00%
0.50
—
—
Total Liabilities Net Minority Interest
37.07
+117.41%
17.05
+359.17%
3.71
+1245.29%
0.28
Current Liabilities
4.59
+37.71%
3.33
-10.29%
3.71
+1245.29%
0.28
Payables And Accrued Expenses
2.17
+120.45%
0.98
-71.64%
3.47
+1155.80%
0.28
Payables
1.54
+171.78%
0.57
-81.67%
3.09
+1628.49%
0.18
Accounts Payable
1.36
+245.94%
0.39
+363.53%
0.09
-52.51%
0.18
Dividends Payable
—
0.00
-100.00%
3.00
0.00
Current Accrued Expenses
0.63
+50.48%
0.42
+11.83%
0.37
+283.51%
0.10
Current Debt And Capital Lease Obligation
2.28
+3.03%
2.21
—
—
Current Debt
1.09
-50.56%
2.21
—
—
Other Current Borrowings
1.09
-50.56%
2.21
—
—
Current Capital Lease Obligation
1.19
0.00
—
—
Current Deferred Liabilities
0.14
+3.70%
0.14
-45.34%
0.25
0.00
Current Deferred Revenue
0.14
+3.70%
0.14
-45.34%
0.25
0.00
Total Non Current Liabilities Net Minority Interest
32.48
+136.76%
13.72
0.00
0.00
Long Term Debt And Capital Lease Obligation
32.48
+136.76%
13.72
—
—
Long Term Debt
12.62
-7.98%
13.72
—
—
Long Term Capital Lease Obligation
19.86
0.00
—
—
Stockholders Equity
21.38
+82.00%
11.75
+28.11%
9.17
-35.98%
14.32
Common Stock Equity
21.38
+82.02%
11.74
+28.11%
9.17
-35.98%
14.32
Capital Stock
0.00
+50.00%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Share Issued
0.69
+9444.51%
0.01
+0.00%
0.01
+0.00%
0.01
Ordinary Shares Number
0.69
+9444.51%
0.01
+0.00%
0.01
+0.00%
0.01
Additional Paid In Capital
25.44
+119.04%
11.62
+35.23%
8.59
-25.88%
11.59
Retained Earnings
-4.07
-3278.91%
0.13
-77.82%
0.58
-78.86%
2.73
Total Equity Gross Minority Interest
21.38
+82.00%
11.75
+28.11%
9.17
-35.98%
14.32
Total Capitalization
34.00
+33.53%
25.46
+177.72%
9.17
-35.98%
14.32
Working Capital
0.45
+121.85%
-2.04
-195.37%
-0.69
-118.36%
3.76
Invested Capital
35.09
+26.80%
27.68
+201.90%
9.17
-35.98%
14.32
Total Debt
34.76
+118.18%
15.93
—
—
Net Debt
9.84
-34.35%
14.98
—
—
Capital Lease Obligations
21.04
0.00
—
—
Net Tangible Assets
21.38
+82.00%
11.75
+28.11%
9.17
-35.98%
14.32
Tangible Book Value
21.38
+82.02%
11.74
+28.11%
9.17
-35.98%
14.32
Duefrom Related Parties Current
—
0.00
-100.00%
0.21
+23.21%
0.17
Dueto Related Parties Current
0.18
+2.89%
0.17
+1822.22%
0.01
0.00
Preferred Stock Equity
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
0.80
-7.52%
0.86
-65.51%
2.50
-37.20%
3.99
Cash Flow From Continuing Operating Activities
0.80
-7.52%
0.86
-65.51%
2.50
-37.20%
3.99
Net Income From Continuing Operations
-4.20
-1898.57%
-0.21
-118.18%
1.16
-72.77%
4.24
Depreciation Amortization Depletion
3.46
+111.02%
1.64
+58.34%
1.04
-0.29%
1.04
Depreciation
2.93
+159.29%
1.13
+66.18%
0.68
+0.00%
0.68
Amortization Cash Flow
0.54
+4.49%
0.51
+43.42%
0.36
-0.83%
0.36
Depreciation And Amortization
3.46
+111.02%
1.64
+58.34%
1.04
-0.29%
1.04
Amortization Of Intangibles
0.54
+4.49%
0.51
+43.42%
0.36
-0.83%
0.36
Other Non Cash Items
1.42
+262.40%
-0.88
—
-0.46
Change In Working Capital
0.11
-64.17%
0.31
-1.92%
0.31
+137.40%
-0.84
Change In Receivables
-0.28
-234.30%
0.21
+165.38%
0.08
-27.78%
0.11
Changes In Account Receivables
-0.28
0.00
-100.00%
0.12
+258.11%
-0.07
Change In Inventory
-0.18
-138.16%
-0.08
-198.70%
0.08
+197.47%
-0.08
Change In Prepaid Assets
-0.16
-21.71%
-0.13
-13000.00%
0.00
-92.31%
0.01
Change In Payables And Accrued Expense
0.71
+61.17%
0.44
+534.31%
-0.10
+85.15%
-0.69
Change In Accrued Expense
0.15
-15.08%
0.18
+1152.94%
-0.02
+78.48%
-0.08
Change In Payable
0.56
+112.88%
0.26
+410.59%
-0.09
+86.02%
-0.61
Change In Account Payable
0.87
+774.00%
0.10
+206.38%
-0.09
+84.54%
-0.61
Change In Other Working Capital
0.01
+104.46%
-0.11
-145.34%
0.25
+218.18%
-0.21
Change In Other Current Assets
0.01
+126.92%
-0.03
-316.67%
0.01
-29.41%
0.02
Investing Cash Flow
-6.09
+66.24%
-18.02
-81831.82%
-0.02
+90.22%
-0.23
Cash Flow From Continuing Investing Activities
-6.09
+66.24%
-18.02
-81831.82%
-0.02
+90.22%
-0.23
Net PPE Purchase And Sale
-6.09
+66.24%
-18.02
-81831.82%
-0.02
+90.22%
-0.23
Purchase Of PPE
-6.09
+66.24%
-18.02
-81831.82%
-0.02
+90.22%
-0.23
Capital Expenditure
-6.09
+66.24%
-18.02
-81831.82%
-0.02
+90.22%
-0.23
Financing Cash Flow
8.42
-47.05%
15.90
+577.34%
-3.33
-26.31%
-2.64
Cash Flow From Continuing Financing Activities
8.42
-47.05%
15.90
+577.34%
-3.33
-26.31%
-2.64
Net Issuance Payments Of Debt
-2.96
-118.24%
16.20
0.00
0.00
Issuance Of Debt
0.00
-100.00%
16.50
0.00
0.00
Repayment Of Debt
-2.96
-885.00%
-0.30
0.00
0.00
Long Term Debt Issuance
0.00
-100.00%
16.50
0.00
0.00
Long Term Debt Payments
-2.96
-885.00%
-0.30
0.00
0.00
Net Long Term Debt Issuance
-2.96
-118.24%
16.20
0.00
0.00
Net Common Stock Issuance
12.49
+698.21%
1.56
0.00
0.00
Common Stock Payments
0.00
+100.00%
-3.00
-328.57%
-0.70
0.00
Cash Dividends Paid
-0.15
+35.98%
-0.24
+92.77%
-3.31
-25.36%
-2.64
Repurchase Of Capital Stock
0.00
+100.00%
-3.00
-328.57%
-0.70
0.00
Net Other Financing Charges
-0.96
+40.59%
-1.62
-6384.00%
-0.03
—
Changes In Cash
3.13
+349.52%
-1.26
-47.94%
-0.85
-175.40%
1.13
Beginning Cash Position
1.45
-46.48%
2.70
-23.91%
3.55
+46.43%
2.42
End Cash Position
4.58
+216.74%
1.45
-46.48%
2.70
-23.91%
3.55
Free Cash Flow
-5.29
+69.19%
-17.16
-791.14%
2.48
-34.03%
3.76
Interest Paid Supplemental Data
2.20
+439.80%
0.41
0.00
0.00
Common Stock Issuance
12.49
+173.65%
4.57
+552.14%
0.70
0.00
Issuance Of Capital Stock
12.49
+173.65%
4.57
+552.14%
0.70
0.00
SEC Filings

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