Himalaya Shipping vs Performance Shipping
Himalaya Shipping is the larger business, with $132m of revenue in fiscal 2025 against $84.2m for Performance Shipping (1.6 times as much). Himalaya Shipping grew faster (6.7% against -3.7%). Performance Shipping kept more of each dollar of sales as profit: a net margin of 59.4% against 13.4%. Performance Shipping carries less debt relative to equity (70.7% against 433.3%).
| Latest fiscal year | Himalaya ShippingHSHP, 2025 | Performance ShippingPSHG, 2025 |
|---|---|---|
| Revenue | $132m | $84.2m |
| Revenue growth | 6.7% | -3.7% |
| Net income | $17.7m | $50.0m |
| Operating margin | 51.7% | 61.7% |
| Net margin | 13.4% | 59.4% |
| Return on equity | 11.2% | 16.7% |
| Free cash flow | — | −$204m |
| Cash | $32.4m | $48.2m |
| Total debt | $701m | $229m |
| Debt to equity | 433.3% | 70.7% |
| Dividend per share | — | — |
| Dividend yield | 3.8% | 9.6% |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $716m | $19.0m |
| Price vs our value range | Within our value range | — |
| Moat score | — | — |
| Insider trades, 12 months | 1 buys, 2 sales | 0 buys, 0 sales |