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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.

HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $81.2M, roughly 1.1× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -98.1%, a 113.8% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -15.5%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

ASC vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.1× larger
HIVE
$93.1M
$81.2M
ASC
Growing faster (revenue YoY)
HIVE
HIVE
+234.0% gap
HIVE
218.6%
-15.5%
ASC
Higher net margin
ASC
ASC
113.8% more per $
ASC
15.7%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ASC
ASC
HIVE
HIVE
Revenue
$81.2M
$93.1M
Net Profit
$12.8M
$-91.3M
Gross Margin
-27.1%
Operating Margin
16.1%
Net Margin
15.7%
-98.1%
Revenue YoY
-15.5%
218.6%
Net Profit YoY
-47.0%
-234.0%
EPS (diluted)
$0.30
$-0.38

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
HIVE
HIVE
Q4 25
$93.1M
Q3 25
$81.2M
$87.3M
Q2 25
$72.0M
$45.6M
Q1 25
$74.0M
Q4 24
$29.2M
Q3 24
$96.1M
$22.6M
Q2 24
$121.3M
$32.2M
Q1 24
$106.3M
Net Profit
ASC
ASC
HIVE
HIVE
Q4 25
$-91.3M
Q3 25
$12.8M
$-15.8M
Q2 25
$9.6M
$35.0M
Q1 25
$6.3M
Q4 24
$68.2M
Q3 24
$24.1M
$80.0K
Q2 24
$62.7M
$-18.3M
Q1 24
$39.2M
Gross Margin
ASC
ASC
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q1 24
Operating Margin
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
16.1%
Q2 25
13.5%
Q1 25
8.6%
Q4 24
Q3 24
25.4%
Q2 24
51.3%
Q1 24
37.2%
Net Margin
ASC
ASC
HIVE
HIVE
Q4 25
-98.1%
Q3 25
15.7%
-18.1%
Q2 25
13.3%
76.8%
Q1 25
8.5%
Q4 24
233.2%
Q3 24
25.1%
0.4%
Q2 24
51.7%
-56.7%
Q1 24
36.9%
EPS (diluted)
ASC
ASC
HIVE
HIVE
Q4 25
$-0.38
Q3 25
$0.30
$-0.07
Q2 25
$0.22
$0.18
Q1 25
$0.14
Q4 24
$0.52
Q3 24
$0.55
$0.00
Q2 24
$1.47
$-0.17
Q1 24
$0.92

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$559.3M
Total Assets
$799.8M
$624.0M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
Q1 24
Total Debt
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
Q4 24
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Stockholders' Equity
ASC
ASC
HIVE
HIVE
Q4 25
$559.3M
Q3 25
$628.2M
$624.6M
Q2 25
$618.3M
$560.5M
Q1 25
$610.7M
Q4 24
$430.9M
Q3 24
$627.0M
$275.5M
Q2 24
$617.7M
$268.6M
Q1 24
$567.9M
Total Assets
ASC
ASC
HIVE
HIVE
Q4 25
$624.0M
Q3 25
$799.8M
$693.0M
Q2 25
$703.8M
$628.7M
Q1 25
$690.4M
Q4 24
$478.6M
Q3 24
$722.8M
$334.7M
Q2 24
$742.0M
Q1 24
$704.1M
Debt / Equity
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
0.18×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
0.04×
Q2 24
0.07×
Q1 24
0.04×

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
HIVE
HIVE
Operating Cash FlowLast quarter
$17.9M
$46.0M
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
HIVE
HIVE
Q4 25
$46.0M
Q3 25
$17.9M
$-10.6M
Q2 25
$11.2M
$10.2M
Q1 25
$26.3M
Q4 24
$-28.5M
Q3 24
$39.9M
$-2.2M
Q2 24
$48.4M
$-4.4M
Q1 24
$49.2M
Free Cash Flow
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q1 24
FCF Margin
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q1 24
Capex Intensity
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q1 24
Cash Conversion
ASC
ASC
HIVE
HIVE
Q4 25
Q3 25
1.40×
Q2 25
1.17×
0.29×
Q1 25
4.20×
Q4 24
-0.42×
Q3 24
1.65×
-26.94×
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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