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

Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $81.2M, roughly 1.1× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -26.8%, a 42.5% gap on every dollar of revenue. On growth, Honest Company, Inc. posted the faster year-over-year revenue change (-11.8% vs -15.5%). Over the past eight quarters, Honest Company, Inc.'s revenue compounded faster (1.0% 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.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

ASC vs HNST — Head-to-Head

Bigger by revenue
HNST
HNST
1.1× larger
HNST
$88.0M
$81.2M
ASC
Growing faster (revenue YoY)
HNST
HNST
+3.7% gap
HNST
-11.8%
-15.5%
ASC
Higher net margin
ASC
ASC
42.5% more per $
ASC
15.7%
-26.8%
HNST
Faster 2-yr revenue CAGR
HNST
HNST
Annualised
HNST
1.0%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
HNST
HNST
Revenue
$81.2M
$88.0M
Net Profit
$12.8M
$-23.6M
Gross Margin
15.7%
Operating Margin
16.1%
-27.5%
Net Margin
15.7%
-26.8%
Revenue YoY
-15.5%
-11.8%
Net Profit YoY
-47.0%
-2813.2%
EPS (diluted)
$0.30
$-0.21

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
HNST
HNST
Q4 25
$88.0M
Q3 25
$81.2M
$92.6M
Q2 25
$72.0M
$93.5M
Q1 25
$74.0M
$97.3M
Q4 24
$99.8M
Q3 24
$96.1M
$99.2M
Q2 24
$121.3M
$93.0M
Q1 24
$106.3M
$86.2M
Net Profit
ASC
ASC
HNST
HNST
Q4 25
$-23.6M
Q3 25
$12.8M
$758.0K
Q2 25
$9.6M
$3.9M
Q1 25
$6.3M
$3.3M
Q4 24
$-809.0K
Q3 24
$24.1M
$165.0K
Q2 24
$62.7M
$-4.1M
Q1 24
$39.2M
$-1.4M
Gross Margin
ASC
ASC
HNST
HNST
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
38.7%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
ASC
ASC
HNST
HNST
Q4 25
-27.5%
Q3 25
16.1%
0.3%
Q2 25
13.5%
3.1%
Q1 25
8.6%
2.6%
Q4 24
-1.0%
Q3 24
25.4%
0.1%
Q2 24
51.3%
-4.3%
Q1 24
37.2%
-1.5%
Net Margin
ASC
ASC
HNST
HNST
Q4 25
-26.8%
Q3 25
15.7%
0.8%
Q2 25
13.3%
4.1%
Q1 25
8.5%
3.3%
Q4 24
-0.8%
Q3 24
25.1%
0.2%
Q2 24
51.7%
-4.4%
Q1 24
36.9%
-1.6%
EPS (diluted)
ASC
ASC
HNST
HNST
Q4 25
$-0.21
Q3 25
$0.30
$0.01
Q2 25
$0.22
$0.03
Q1 25
$0.14
$0.03
Q4 24
$-0.01
Q3 24
$0.55
$0.00
Q2 24
$1.47
$-0.04
Q1 24
$0.92
$-0.01

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
HNST
HNST
Cash + ST InvestmentsLiquidity on hand
$89.6M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$169.7M
Total Assets
$799.8M
$225.4M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
HNST
HNST
Q4 25
$89.6M
Q3 25
$71.5M
Q2 25
$72.1M
Q1 25
$72.8M
Q4 24
$75.4M
Q3 24
$53.4M
Q2 24
$36.6M
Q1 24
$33.6M
Total Debt
ASC
ASC
HNST
HNST
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
HNST
HNST
Q4 25
$169.7M
Q3 25
$628.2M
$190.2M
Q2 25
$618.3M
$187.0M
Q1 25
$610.7M
$180.4M
Q4 24
$174.3M
Q3 24
$627.0M
$133.9M
Q2 24
$617.7M
$129.7M
Q1 24
$567.9M
$124.8M
Total Assets
ASC
ASC
HNST
HNST
Q4 25
$225.4M
Q3 25
$799.8M
$241.5M
Q2 25
$703.8M
$249.0M
Q1 25
$690.4M
$265.3M
Q4 24
$247.4M
Q3 24
$722.8M
$209.2M
Q2 24
$742.0M
$200.2M
Q1 24
$704.1M
$198.1M
Debt / Equity
ASC
ASC
HNST
HNST
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
HNST
HNST
Operating Cash FlowLast quarter
$17.9M
$19.3M
Free Cash FlowOCF − Capex
$18.1M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
HNST
HNST
Q4 25
$19.3M
Q3 25
$17.9M
$-504.0K
Q2 25
$11.2M
$-745.0K
Q1 25
$26.3M
$-2.9M
Q4 24
$-16.8M
Q3 24
$39.9M
$15.1M
Q2 24
$48.4M
$2.9M
Q1 24
$49.2M
$336.0K
Free Cash Flow
ASC
ASC
HNST
HNST
Q4 25
$18.1M
Q3 25
$-624.0K
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$15.0M
Q2 24
$2.9M
Q1 24
$260.0K
FCF Margin
ASC
ASC
HNST
HNST
Q4 25
20.5%
Q3 25
-0.7%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
15.1%
Q2 24
3.1%
Q1 24
0.3%
Capex Intensity
ASC
ASC
HNST
HNST
Q4 25
1.4%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
ASC
ASC
HNST
HNST
Q4 25
Q3 25
1.40×
-0.66×
Q2 25
1.17×
-0.19×
Q1 25
4.20×
-0.90×
Q4 24
Q3 24
1.65×
91.42×
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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