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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $73.1M, roughly 1.1× Evolus, Inc.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -14.6%, a 30.3% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (6.7% vs -15.5%). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (4.6% 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.

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

ASC vs EOLS — Head-to-Head

Bigger by revenue
ASC
ASC
1.1× larger
ASC
$81.2M
$73.1M
EOLS
Growing faster (revenue YoY)
EOLS
EOLS
+22.2% gap
EOLS
6.7%
-15.5%
ASC
Higher net margin
ASC
ASC
30.3% more per $
ASC
15.7%
-14.6%
EOLS
Faster 2-yr revenue CAGR
EOLS
EOLS
Annualised
EOLS
4.6%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASC
ASC
EOLS
EOLS
Revenue
$81.2M
$73.1M
Net Profit
$12.8M
$-10.7M
Gross Margin
66.9%
Operating Margin
16.1%
23.8%
Net Margin
15.7%
-14.6%
Revenue YoY
-15.5%
6.7%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30
$-0.16

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
EOLS
EOLS
Q1 26
$73.1M
Q4 25
$90.3M
Q3 25
$81.2M
$69.0M
Q2 25
$72.0M
$69.4M
Q1 25
$74.0M
$68.5M
Q4 24
$78.9M
Q3 24
$96.1M
$61.1M
Q2 24
$121.3M
$66.9M
Net Profit
ASC
ASC
EOLS
EOLS
Q1 26
$-10.7M
Q4 25
$130.0K
Q3 25
$12.8M
$-15.7M
Q2 25
$9.6M
$-17.1M
Q1 25
$6.3M
$-18.9M
Q4 24
$-6.8M
Q3 24
$24.1M
$-19.2M
Q2 24
$62.7M
$-11.3M
Gross Margin
ASC
ASC
EOLS
EOLS
Q1 26
66.9%
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Operating Margin
ASC
ASC
EOLS
EOLS
Q1 26
23.8%
Q4 25
4.7%
Q3 25
16.1%
-16.7%
Q2 25
13.5%
-14.7%
Q1 25
8.6%
-22.1%
Q4 24
-2.9%
Q3 24
25.4%
-25.3%
Q2 24
51.3%
-11.5%
Net Margin
ASC
ASC
EOLS
EOLS
Q1 26
-14.6%
Q4 25
0.1%
Q3 25
15.7%
-22.8%
Q2 25
13.3%
-24.7%
Q1 25
8.5%
-27.6%
Q4 24
-8.6%
Q3 24
25.1%
-31.4%
Q2 24
51.7%
-17.0%
EPS (diluted)
ASC
ASC
EOLS
EOLS
Q1 26
$-0.16
Q4 25
$0.01
Q3 25
$0.30
$-0.24
Q2 25
$0.22
$-0.27
Q1 25
$0.14
$-0.30
Q4 24
$-0.11
Q3 24
$0.55
$-0.30
Q2 24
$1.47
$-0.18

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
EOLS
EOLS
Cash + ST InvestmentsLiquidity on hand
$49.8M
Total DebtLower is stronger
$116.1M
$156.4M
Stockholders' EquityBook value
$628.2M
Total Assets
$799.8M
$220.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
EOLS
EOLS
Q1 26
$49.8M
Q4 25
$53.8M
Q3 25
$43.5M
Q2 25
$61.7M
Q1 25
$67.9M
Q4 24
$87.0M
Q3 24
$85.0M
Q2 24
$93.7M
Total Debt
ASC
ASC
EOLS
EOLS
Q1 26
$156.4M
Q4 25
$146.1M
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
$121.8M
Q4 24
$121.5M
Q3 24
$22.5M
$121.2M
Q2 24
$44.2M
$120.9M
Stockholders' Equity
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
$-23.1M
Q3 25
$628.2M
$-28.8M
Q2 25
$618.3M
$-18.7M
Q1 25
$610.7M
$-6.6M
Q4 24
$5.5M
Q3 24
$627.0M
$5.9M
Q2 24
$617.7M
$19.3M
Total Assets
ASC
ASC
EOLS
EOLS
Q1 26
$220.6M
Q4 25
$225.9M
Q3 25
$799.8M
$219.0M
Q2 25
$703.8M
$228.8M
Q1 25
$690.4M
$213.4M
Q4 24
$232.6M
Q3 24
$722.8M
$229.6M
Q2 24
$742.0M
$233.8M
Debt / Equity
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
22.00×
Q3 24
0.04×
20.58×
Q2 24
0.07×
6.26×

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
EOLS
EOLS
Operating Cash FlowLast quarter
$17.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
$12.8M
Q3 25
$17.9M
$-14.7M
Q2 25
$11.2M
$-24.8M
Q1 25
$26.3M
$-15.6M
Q4 24
$4.8M
Q3 24
$39.9M
$-5.7M
Q2 24
$48.4M
$-6.5M
Free Cash Flow
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
$11.3M
Q3 25
$-15.6M
Q2 25
$-25.5M
Q1 25
$-16.0M
Q4 24
$4.4M
Q3 24
$-6.0M
Q2 24
$-6.9M
FCF Margin
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
12.6%
Q3 25
-22.7%
Q2 25
-36.7%
Q1 25
-23.3%
Q4 24
5.5%
Q3 24
-9.9%
Q2 24
-10.4%
Capex Intensity
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
1.6%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.7%
Cash Conversion
ASC
ASC
EOLS
EOLS
Q1 26
Q4 25
98.67×
Q3 25
1.40×
Q2 25
1.17×
Q1 25
4.20×
Q4 24
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.

EOLS
EOLS

Product revenue, net$72.7M99%
Service revenue$390.0K1%

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