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Heidmar Maritime Holdings vs Performance Shipping

Performance Shipping is the larger business, with $84.2m of revenue in fiscal 2025 against $55.9m for Heidmar Maritime Holdings (1.5 times as much). Heidmar Maritime Holdings grew faster (92.9% against -3.7%). Performance Shipping kept more of each dollar of sales as profit: a net margin of 59.4% against -40.4%. Heidmar Maritime Holdings carries less debt relative to equity (0.0% against 70.7%).

Latest fiscal yearHeidmar Maritime HoldingsHMR, 2025Performance ShippingPSHG, 2025
Revenue $55.9m $84.2m
Revenue growth 92.9% -3.7%
Net income −$22.6m $50.0m
Operating margin -8.7% 61.7%
Net margin -40.4% 59.4%
Return on equity -156.0% 16.7%
Free cash flow $13.2m −$204m
Cash $18.6m $48.2m
Total debt $0 $229m
Debt to equity 0.0% 70.7%
Dividend per share — —
Dividend yield — 9.6%
Share buybacks — $0
Employees — —
Market value $85.6m $22.8m
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.