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

Figure Technology Solutions, Inc. is the larger business by last-quarter revenue ($156.4M vs $81.2M, roughly 1.9× Ardmore Shipping Corp). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 15.7%, a 41.5% gap on every dollar of revenue.

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.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

ASC vs FIGR — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.9× larger
FIGR
$156.4M
$81.2M
ASC
Higher net margin
FIGR
FIGR
41.5% more per $
FIGR
57.3%
15.7%
ASC

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASC
ASC
FIGR
FIGR
Revenue
$81.2M
$156.4M
Net Profit
$12.8M
$89.6M
Gross Margin
Operating Margin
16.1%
33.7%
Net Margin
15.7%
57.3%
Revenue YoY
-15.5%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30
$0.34

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
FIGR
FIGR
Q3 25
$81.2M
$156.4M
Q2 25
$72.0M
Q1 25
$74.0M
Q3 24
$96.1M
Q2 24
$121.3M
Q1 24
$106.3M
Q3 23
$86.9M
Q2 23
$91.9M
Net Profit
ASC
ASC
FIGR
FIGR
Q3 25
$12.8M
$89.6M
Q2 25
$9.6M
Q1 25
$6.3M
Q3 24
$24.1M
Q2 24
$62.7M
Q1 24
$39.2M
Q3 23
$21.2M
Q2 23
$24.5M
Operating Margin
ASC
ASC
FIGR
FIGR
Q3 25
16.1%
33.7%
Q2 25
13.5%
Q1 25
8.6%
Q3 24
25.4%
Q2 24
51.3%
Q1 24
37.2%
Q3 23
24.6%
Q2 23
27.3%
Net Margin
ASC
ASC
FIGR
FIGR
Q3 25
15.7%
57.3%
Q2 25
13.3%
Q1 25
8.5%
Q3 24
25.1%
Q2 24
51.7%
Q1 24
36.9%
Q3 23
24.4%
Q2 23
26.7%
EPS (diluted)
ASC
ASC
FIGR
FIGR
Q3 25
$0.30
$0.34
Q2 25
$0.22
Q1 25
$0.14
Q3 24
$0.55
Q2 24
$1.47
Q1 24
$0.92
Q3 23
$0.49
Q2 23
$0.57

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
FIGR
FIGR
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$116.1M
$466.8M
Stockholders' EquityBook value
$628.2M
$1.2B
Total Assets
$799.8M
$2.2B
Debt / EquityLower = less leverage
0.18×
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
FIGR
FIGR
Q3 25
$1.1B
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Total Debt
ASC
ASC
FIGR
FIGR
Q3 25
$116.1M
$466.8M
Q2 25
$25.0M
Q1 25
$20.5M
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Q3 23
$52.5M
Q2 23
$78.9M
Stockholders' Equity
ASC
ASC
FIGR
FIGR
Q3 25
$628.2M
$1.2B
Q2 25
$618.3M
Q1 25
$610.7M
Q3 24
$627.0M
Q2 24
$617.7M
Q1 24
$567.9M
Q3 23
$517.0M
Q2 23
$503.8M
Total Assets
ASC
ASC
FIGR
FIGR
Q3 25
$799.8M
$2.2B
Q2 25
$703.8M
Q1 25
$690.4M
Q3 24
$722.8M
Q2 24
$742.0M
Q1 24
$704.1M
Q3 23
$686.4M
Q2 23
$696.1M
Debt / Equity
ASC
ASC
FIGR
FIGR
Q3 25
0.18×
0.40×
Q2 25
0.04×
Q1 25
0.03×
Q3 24
0.04×
Q2 24
0.07×
Q1 24
0.04×
Q3 23
0.10×
Q2 23
0.16×

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
FIGR
FIGR
Operating Cash FlowLast quarter
$17.9M
$49.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
FIGR
FIGR
Q3 25
$17.9M
$49.3M
Q2 25
$11.2M
Q1 25
$26.3M
Q3 24
$39.9M
Q2 24
$48.4M
Q1 24
$49.2M
Q3 23
$42.0M
Q2 23
$42.1M
Cash Conversion
ASC
ASC
FIGR
FIGR
Q3 25
1.40×
0.55×
Q2 25
1.17×
Q1 25
4.20×
Q3 24
1.65×
Q2 24
0.77×
Q1 24
1.25×
Q3 23
1.98×
Q2 23
1.72×

Financial Flow Comparison

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

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