Philly Shipyard’s key financial figures show significant growth from 2016 and 2017: Philly Shipyard’s total assets amounted to around 362.4 million U.S. dollars in 2015, up from approximately 253 million U.S. dollars in 2017. Philly Shipyard's operating revenue also saw a massive increase during the same time frame, jumping from just over 205 million U.S. dollars in 2016 to approximately 592 million U.S. dollars in 2017. Lastly, that year, Philly Shipyard produced income before tax of nearly 100 million U.S. dollars; this figure stood at 18.9 million U.S. dollars in 2014.
The shipyard is majority-owned by the Norwegian group Aker, a global leader in markets such as energy resources and maritime technologies. Philly Shipyard employed approximately 688 people in 2017. According to its annual report, Philly Shipyard decreased the value of its orders to the value of around four million U.S. dollars in 2017. Philly Shipyard’s order backlog – that is, vessels that the Shipyard is required to produce that haven’t been delivered yet – has declined considerably since 2014, when the Shipyard had an order backlog of over one billion U.S. dollars. In 2017, the company’s order backlog amounted to around 188 million U.S. dollars.