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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $71.5M, roughly 1.1× FARMERS NATIONAL BANC CORP). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs 15.7%, a 4.7% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -15.5%). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% 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.

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

ASC vs FMNB — Head-to-Head

Bigger by revenue
ASC
ASC
1.1× larger
ASC
$81.2M
$71.5M
FMNB
Growing faster (revenue YoY)
FMNB
FMNB
+18.6% gap
FMNB
3.2%
-15.5%
ASC
Higher net margin
FMNB
FMNB
4.7% more per $
FMNB
20.5%
15.7%
ASC
Faster 2-yr revenue CAGR
FMNB
FMNB
Annualised
FMNB
6.2%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
FMNB
FMNB
Revenue
$81.2M
$71.5M
Net Profit
$12.8M
$14.6M
Gross Margin
Operating Margin
16.1%
24.8%
Net Margin
15.7%
20.5%
Revenue YoY
-15.5%
3.2%
Net Profit YoY
-47.0%
1.7%
EPS (diluted)
$0.30
$0.39

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
FMNB
FMNB
Q4 25
$71.5M
Q3 25
$81.2M
$70.8M
Q2 25
$72.0M
$69.8M
Q1 25
$74.0M
$67.8M
Q4 24
$69.3M
Q3 24
$96.1M
$70.3M
Q2 24
$121.3M
$66.5M
Q1 24
$106.3M
$63.4M
Net Profit
ASC
ASC
FMNB
FMNB
Q4 25
$14.6M
Q3 25
$12.8M
$12.5M
Q2 25
$9.6M
$13.9M
Q1 25
$6.3M
$13.6M
Q4 24
$14.4M
Q3 24
$24.1M
$8.5M
Q2 24
$62.7M
$11.8M
Q1 24
$39.2M
$11.2M
Operating Margin
ASC
ASC
FMNB
FMNB
Q4 25
24.8%
Q3 25
16.1%
20.7%
Q2 25
13.5%
23.4%
Q1 25
8.6%
24.1%
Q4 24
25.5%
Q3 24
25.4%
14.4%
Q2 24
51.3%
21.3%
Q1 24
37.2%
21.2%
Net Margin
ASC
ASC
FMNB
FMNB
Q4 25
20.5%
Q3 25
15.7%
17.6%
Q2 25
13.3%
19.9%
Q1 25
8.5%
20.0%
Q4 24
20.8%
Q3 24
25.1%
12.1%
Q2 24
51.7%
17.7%
Q1 24
36.9%
17.7%
EPS (diluted)
ASC
ASC
FMNB
FMNB
Q4 25
$0.39
Q3 25
$0.30
$0.33
Q2 25
$0.22
$0.37
Q1 25
$0.14
$0.36
Q4 24
$0.38
Q3 24
$0.55
$0.23
Q2 24
$1.47
$0.31
Q1 24
$0.92
$0.30

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
FMNB
FMNB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
$86.7M
Stockholders' EquityBook value
$628.2M
$485.7M
Total Assets
$799.8M
$5.2B
Debt / EquityLower = less leverage
0.18×
0.18×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
FMNB
FMNB
Q4 25
$86.7M
Q3 25
$116.1M
$86.6M
Q2 25
$25.0M
$86.4M
Q1 25
$20.5M
$86.3M
Q4 24
$86.2M
Q3 24
$22.5M
$86.0M
Q2 24
$44.2M
$88.9M
Q1 24
$23.1M
$88.8M
Stockholders' Equity
ASC
ASC
FMNB
FMNB
Q4 25
$485.7M
Q3 25
$628.2M
$465.9M
Q2 25
$618.3M
$437.7M
Q1 25
$610.7M
$429.1M
Q4 24
$406.0M
Q3 24
$627.0M
$439.7M
Q2 24
$617.7M
$396.7M
Q1 24
$567.9M
$397.0M
Total Assets
ASC
ASC
FMNB
FMNB
Q4 25
$5.2B
Q3 25
$799.8M
$5.2B
Q2 25
$703.8M
$5.2B
Q1 25
$690.4M
$5.2B
Q4 24
$5.1B
Q3 24
$722.8M
$5.2B
Q2 24
$742.0M
$5.2B
Q1 24
$704.1M
$5.1B
Debt / Equity
ASC
ASC
FMNB
FMNB
Q4 25
0.18×
Q3 25
0.18×
0.19×
Q2 25
0.04×
0.20×
Q1 25
0.03×
0.20×
Q4 24
0.21×
Q3 24
0.04×
0.20×
Q2 24
0.07×
0.22×
Q1 24
0.04×
0.22×

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
FMNB
FMNB
Operating Cash FlowLast quarter
$17.9M
$60.0M
Free Cash FlowOCF − Capex
$52.2M
FCF MarginFCF / Revenue
73.0%
Capex IntensityCapex / Revenue
11.0%
Cash ConversionOCF / Net Profit
1.40×
4.10×
TTM Free Cash FlowTrailing 4 quarters
$85.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
FMNB
FMNB
Q4 25
$60.0M
Q3 25
$17.9M
$10.7M
Q2 25
$11.2M
$14.0M
Q1 25
$26.3M
$15.7M
Q4 24
$66.6M
Q3 24
$39.9M
$23.9M
Q2 24
$48.4M
$16.6M
Q1 24
$49.2M
$13.7M
Free Cash Flow
ASC
ASC
FMNB
FMNB
Q4 25
$52.2M
Q3 25
$9.0M
Q2 25
$12.4M
Q1 25
$12.2M
Q4 24
$54.9M
Q3 24
$20.4M
Q2 24
$14.4M
Q1 24
$12.2M
FCF Margin
ASC
ASC
FMNB
FMNB
Q4 25
73.0%
Q3 25
12.8%
Q2 25
17.8%
Q1 25
18.0%
Q4 24
79.2%
Q3 24
29.1%
Q2 24
21.6%
Q1 24
19.2%
Capex Intensity
ASC
ASC
FMNB
FMNB
Q4 25
11.0%
Q3 25
2.4%
Q2 25
2.3%
Q1 25
5.2%
Q4 24
16.9%
Q3 24
4.9%
Q2 24
3.3%
Q1 24
2.4%
Cash Conversion
ASC
ASC
FMNB
FMNB
Q4 25
4.10×
Q3 25
1.40×
0.86×
Q2 25
1.17×
1.01×
Q1 25
4.20×
1.15×
Q4 24
4.63×
Q3 24
1.65×
2.80×
Q2 24
0.77×
1.41×
Q1 24
1.25×
1.22×

Financial Flow Comparison

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

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