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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $45.3M, roughly 1.8× Gevo, Inc.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -13.2%, a 29.0% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs -15.5%). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% 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.

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

ASC vs GEVO — Head-to-Head

Bigger by revenue
ASC
ASC
1.8× larger
ASC
$81.2M
$45.3M
GEVO
Growing faster (revenue YoY)
GEVO
GEVO
+711.1% gap
GEVO
695.6%
-15.5%
ASC
Higher net margin
ASC
ASC
29.0% more per $
ASC
15.7%
-13.2%
GEVO
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
GEVO
GEVO
Revenue
$81.2M
$45.3M
Net Profit
$12.8M
$-6.0M
Gross Margin
Operating Margin
16.1%
-4.8%
Net Margin
15.7%
-13.2%
Revenue YoY
-15.5%
695.6%
Net Profit YoY
-47.0%
65.9%
EPS (diluted)
$0.30
$-0.03

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
GEVO
GEVO
Q4 25
$45.3M
Q3 25
$81.2M
$42.7M
Q2 25
$72.0M
$43.4M
Q1 25
$74.0M
$29.1M
Q4 24
$5.7M
Q3 24
$96.1M
$2.0M
Q2 24
$121.3M
$5.3M
Q1 24
$106.3M
$4.0M
Net Profit
ASC
ASC
GEVO
GEVO
Q4 25
$-6.0M
Q3 25
$12.8M
$-8.0M
Q2 25
$9.6M
$2.1M
Q1 25
$6.3M
$-21.7M
Q4 24
$-17.6M
Q3 24
$24.1M
$-21.2M
Q2 24
$62.7M
$-21.0M
Q1 24
$39.2M
$-18.9M
Operating Margin
ASC
ASC
GEVO
GEVO
Q4 25
-4.8%
Q3 25
16.1%
-8.6%
Q2 25
13.5%
13.4%
Q1 25
8.6%
-69.2%
Q4 24
-344.7%
Q3 24
25.4%
-1221.8%
Q2 24
51.3%
-456.8%
Q1 24
37.2%
-580.0%
Net Margin
ASC
ASC
GEVO
GEVO
Q4 25
-13.2%
Q3 25
15.7%
-18.6%
Q2 25
13.3%
4.9%
Q1 25
8.5%
-74.6%
Q4 24
-308.9%
Q3 24
25.1%
-1076.6%
Q2 24
51.7%
-399.3%
Q1 24
36.9%
-473.1%
EPS (diluted)
ASC
ASC
GEVO
GEVO
Q4 25
$-0.03
Q3 25
$0.30
$-0.03
Q2 25
$0.22
$0.01
Q1 25
$0.14
$-0.09
Q4 24
$-0.08
Q3 24
$0.55
$-0.09
Q2 24
$1.47
$-0.09
Q1 24
$0.92
$-0.08

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
GEVO
GEVO
Cash + ST InvestmentsLiquidity on hand
$81.2M
Total DebtLower is stronger
$116.1M
$164.8M
Stockholders' EquityBook value
$628.2M
$466.3M
Total Assets
$799.8M
$718.9M
Debt / EquityLower = less leverage
0.18×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
GEVO
GEVO
Q4 25
$81.2M
Q3 25
$72.6M
Q2 25
$57.3M
Q1 25
$65.3M
Q4 24
$189.4M
Q3 24
$223.2M
Q2 24
$245.7M
Q1 24
$270.6M
Total Debt
ASC
ASC
GEVO
GEVO
Q4 25
$164.8M
Q3 25
$116.1M
$164.5M
Q2 25
$25.0M
$167.5M
Q1 25
$20.5M
$167.0M
Q4 24
$67.1M
Q3 24
$22.5M
$67.0M
Q2 24
$44.2M
$66.8M
Q1 24
$23.1M
$68.3M
Stockholders' Equity
ASC
ASC
GEVO
GEVO
Q4 25
$466.3M
Q3 25
$628.2M
$468.9M
Q2 25
$618.3M
$474.1M
Q1 25
$610.7M
$469.8M
Q4 24
$489.5M
Q3 24
$627.0M
$504.7M
Q2 24
$617.7M
$522.7M
Q1 24
$567.9M
$541.9M
Total Assets
ASC
ASC
GEVO
GEVO
Q4 25
$718.9M
Q3 25
$799.8M
$685.2M
Q2 25
$703.8M
$702.1M
Q1 25
$690.4M
$677.8M
Q4 24
$583.9M
Q3 24
$722.8M
$583.9M
Q2 24
$742.0M
$617.9M
Q1 24
$704.1M
$633.6M
Debt / Equity
ASC
ASC
GEVO
GEVO
Q4 25
0.35×
Q3 25
0.18×
0.35×
Q2 25
0.04×
0.35×
Q1 25
0.03×
0.36×
Q4 24
0.14×
Q3 24
0.04×
0.13×
Q2 24
0.07×
0.13×
Q1 24
0.04×
0.13×

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
GEVO
GEVO
Operating Cash FlowLast quarter
$17.9M
$20.0M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
24.7%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-43.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
GEVO
GEVO
Q4 25
$20.0M
Q3 25
$17.9M
$-6.8M
Q2 25
$11.2M
$-2.5M
Q1 25
$26.3M
$-24.0M
Q4 24
$-18.8M
Q3 24
$39.9M
$-11.0M
Q2 24
$48.4M
$-11.4M
Q1 24
$49.2M
$-16.1M
Free Cash Flow
ASC
ASC
GEVO
GEVO
Q4 25
$8.7M
Q3 25
$-14.6M
Q2 25
$-7.8M
Q1 25
$-29.9M
Q4 24
$-33.5M
Q3 24
$-20.8M
Q2 24
$-20.6M
Q1 24
$-33.6M
FCF Margin
ASC
ASC
GEVO
GEVO
Q4 25
19.3%
Q3 25
-34.2%
Q2 25
-17.9%
Q1 25
-102.7%
Q4 24
-587.2%
Q3 24
-1057.0%
Q2 24
-392.4%
Q1 24
-841.9%
Capex Intensity
ASC
ASC
GEVO
GEVO
Q4 25
24.7%
Q3 25
18.3%
Q2 25
12.1%
Q1 25
20.0%
Q4 24
256.6%
Q3 24
496.2%
Q2 24
174.8%
Q1 24
438.9%
Cash Conversion
ASC
ASC
GEVO
GEVO
Q4 25
Q3 25
1.40×
Q2 25
1.17×
-1.18×
Q1 25
4.20×
Q4 24
Q3 24
1.65×
Q2 24
0.77×
Q1 24
1.25×

Financial Flow Comparison

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

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