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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and CareDx, Inc. (CDNA). Click either name above to swap in a different company.

CareDx, Inc. is the larger business by last-quarter revenue ($117.7M vs $81.2M, roughly 1.4× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs 2.4%, a 13.4% gap on every dollar of revenue. On growth, CareDx, Inc. posted the faster year-over-year revenue change (39.0% vs -15.5%). Over the past eight quarters, CareDx, Inc.'s revenue compounded faster (12.9% CAGR vs -6.0%).

Ardmore Shipping Corp is a global maritime transport company that owns and operates a fleet of mid-sized product and chemical tankers. It provides seaborne transport for petroleum products, specialty chemicals and bulk liquid commodities, serving energy, chemical and trading clients across key international trade routes.

CareDx, Inc. is a leading precision medicine company dedicated to organ transplant patient care. It develops and commercializes diagnostic tests for rejection surveillance, digital health management tools, and supportive clinical services, catering to transplant clinicians, patients, and healthcare systems across North America and European core markets.

ASC vs CDNA — Head-to-Head

Bigger by revenue
CDNA
CDNA
1.4× larger
CDNA
$117.7M
$81.2M
ASC
Growing faster (revenue YoY)
CDNA
CDNA
+54.5% gap
CDNA
39.0%
-15.5%
ASC
Higher net margin
ASC
ASC
13.4% more per $
ASC
15.7%
2.4%
CDNA
Faster 2-yr revenue CAGR
CDNA
CDNA
Annualised
CDNA
12.9%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASC
ASC
CDNA
CDNA
Revenue
$81.2M
$117.7M
Net Profit
$12.8M
$2.8M
Gross Margin
Operating Margin
16.1%
1.0%
Net Margin
15.7%
2.4%
Revenue YoY
-15.5%
39.0%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASC
ASC
CDNA
CDNA
Q1 26
$117.7M
Q4 25
$108.4M
Q3 25
$81.2M
$100.1M
Q2 25
$72.0M
$86.7M
Q1 25
$74.0M
$84.7M
Q4 24
$86.6M
Q3 24
$96.1M
$82.9M
Q2 24
$121.3M
$92.3M
Net Profit
ASC
ASC
CDNA
CDNA
Q1 26
$2.8M
Q4 25
$-4.1M
Q3 25
$12.8M
$1.7M
Q2 25
$9.6M
$-8.6M
Q1 25
$6.3M
$-10.4M
Q4 24
$87.7M
Q3 24
$24.1M
$-10.6M
Q2 24
$62.7M
$-4.6M
Operating Margin
ASC
ASC
CDNA
CDNA
Q1 26
1.0%
Q4 25
-5.6%
Q3 25
16.1%
-0.2%
Q2 25
13.5%
-12.8%
Q1 25
8.6%
-15.8%
Q4 24
97.5%
Q3 24
25.4%
-16.6%
Q2 24
51.3%
-7.9%
Net Margin
ASC
ASC
CDNA
CDNA
Q1 26
2.4%
Q4 25
-3.8%
Q3 25
15.7%
1.7%
Q2 25
13.3%
-9.9%
Q1 25
8.5%
-12.2%
Q4 24
101.3%
Q3 24
25.1%
-12.8%
Q2 24
51.7%
-5.0%
EPS (diluted)
ASC
ASC
CDNA
CDNA
Q1 26
$0.05
Q4 25
$-0.08
Q3 25
$0.30
$0.03
Q2 25
$0.22
$-0.16
Q1 25
$0.14
$-0.19
Q4 24
$1.60
Q3 24
$0.55
$-0.20
Q2 24
$1.47
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASC
ASC
CDNA
CDNA
Cash + ST InvestmentsLiquidity on hand
$77.9M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
Total Assets
$799.8M
$411.1M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
CDNA
CDNA
Q1 26
$77.9M
Q4 25
$177.2M
Q3 25
$194.2M
Q2 25
$186.3M
Q1 25
$230.9M
Q4 24
$260.7M
Q3 24
$240.9M
Q2 24
$228.9M
Total Debt
ASC
ASC
CDNA
CDNA
Q1 26
Q4 25
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
Q4 24
Q3 24
$22.5M
$0
Q2 24
$44.2M
$0
Stockholders' Equity
ASC
ASC
CDNA
CDNA
Q1 26
Q4 25
$303.1M
Q3 25
$628.2M
$311.1M
Q2 25
$618.3M
$327.4M
Q1 25
$610.7M
$379.3M
Q4 24
$378.4M
Q3 24
$627.0M
$273.2M
Q2 24
$617.7M
$264.7M
Total Assets
ASC
ASC
CDNA
CDNA
Q1 26
$411.1M
Q4 25
$413.2M
Q3 25
$799.8M
$432.3M
Q2 25
$703.8M
$444.3M
Q1 25
$690.4M
$489.6M
Q4 24
$491.1M
Q3 24
$722.8M
$477.0M
Q2 24
$742.0M
$466.8M
Debt / Equity
ASC
ASC
CDNA
CDNA
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
0.04×
0.00×
Q2 24
0.07×
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASC
ASC
CDNA
CDNA
Operating Cash FlowLast quarter
$17.9M
$4.3M
Free Cash FlowOCF − Capex
$514.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
1.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
CDNA
CDNA
Q1 26
$4.3M
Q4 25
$21.4M
Q3 25
$17.9M
$37.4M
Q2 25
$11.2M
$9.9M
Q1 25
$26.3M
$-26.6M
Q4 24
$21.9M
Q3 24
$39.9M
$12.5M
Q2 24
$48.4M
$18.9M
Free Cash Flow
ASC
ASC
CDNA
CDNA
Q1 26
$514.0K
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
ASC
ASC
CDNA
CDNA
Q1 26
0.4%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
ASC
ASC
CDNA
CDNA
Q1 26
1.54×
Q4 25
Q3 25
1.40×
22.30×
Q2 25
1.17×
Q1 25
4.20×
Q4 24
0.25×
Q3 24
1.65×
Q2 24
0.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

CDNA
CDNA

Financial Results Total$85.0M72%
Patient and digital solutions revenue$16.0M14%
Product revenue$10.3M9%
Other$6.4M5%

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