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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $77.2M, roughly 1.1× Inspired Entertainment, Inc.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -9.3%, a 25.1% gap on every dollar of revenue. On growth, Inspired Entertainment, Inc. posted the faster year-over-year revenue change (-6.8% vs -15.5%). Over the past eight quarters, Inspired Entertainment, Inc.'s revenue compounded faster (11.3% 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.

Alchemy Copyrights, LLC, doing business as Concord, is an independent American entertainment company. It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights, and narrative content for film and television. Concord is majority owned by the State of Michigan Retirement System.

ASC vs INSE — Head-to-Head

Bigger by revenue
ASC
ASC
1.1× larger
ASC
$81.2M
$77.2M
INSE
Growing faster (revenue YoY)
INSE
INSE
+8.7% gap
INSE
-6.8%
-15.5%
ASC
Higher net margin
ASC
ASC
25.1% more per $
ASC
15.7%
-9.3%
INSE
Faster 2-yr revenue CAGR
INSE
INSE
Annualised
INSE
11.3%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
INSE
INSE
Revenue
$81.2M
$77.2M
Net Profit
$12.8M
$-7.2M
Gross Margin
Operating Margin
16.1%
14.6%
Net Margin
15.7%
-9.3%
Revenue YoY
-15.5%
-6.8%
Net Profit YoY
-47.0%
-110.7%
EPS (diluted)
$0.30
$-0.24

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
INSE
INSE
Q4 25
$77.2M
Q3 25
$81.2M
$86.2M
Q2 25
$72.0M
$80.3M
Q1 25
$74.0M
$60.4M
Q4 24
$82.8M
Q3 24
$96.1M
$77.2M
Q2 24
$121.3M
$74.8M
Q1 24
$106.3M
$62.3M
Net Profit
ASC
ASC
INSE
INSE
Q4 25
$-7.2M
Q3 25
$12.8M
$-1.9M
Q2 25
$9.6M
$-7.8M
Q1 25
$6.3M
$-100.0K
Q4 24
$67.0M
Q3 24
$24.1M
$2.8M
Q2 24
$62.7M
$1.4M
Q1 24
$39.2M
$-6.4M
Gross Margin
ASC
ASC
INSE
INSE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
74.5%
Operating Margin
ASC
ASC
INSE
INSE
Q4 25
14.6%
Q3 25
16.1%
11.3%
Q2 25
13.5%
9.8%
Q1 25
8.6%
2.6%
Q4 24
15.6%
Q3 24
25.4%
14.5%
Q2 24
51.3%
11.6%
Q1 24
37.2%
-3.4%
Net Margin
ASC
ASC
INSE
INSE
Q4 25
-9.3%
Q3 25
15.7%
-2.2%
Q2 25
13.3%
-9.7%
Q1 25
8.5%
-0.2%
Q4 24
80.9%
Q3 24
25.1%
3.6%
Q2 24
51.7%
1.9%
Q1 24
36.9%
-10.3%
EPS (diluted)
ASC
ASC
INSE
INSE
Q4 25
$-0.24
Q3 25
$0.30
$-0.07
Q2 25
$0.22
$-0.27
Q1 25
$0.14
$0.00
Q4 24
$2.29
Q3 24
$0.55
$0.10
Q2 24
$1.47
$0.05
Q1 24
$0.92
$-0.22

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
INSE
INSE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
$363.2M
Stockholders' EquityBook value
$628.2M
$-16.2M
Total Assets
$799.8M
$439.9M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
INSE
INSE
Q4 25
$363.2M
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
Q4 24
$313.2M
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Stockholders' Equity
ASC
ASC
INSE
INSE
Q4 25
$-16.2M
Q3 25
$628.2M
$-9.0M
Q2 25
$618.3M
$-9.5M
Q1 25
$610.7M
$-2.2M
Q4 24
$-3.3M
Q3 24
$627.0M
$-78.2M
Q2 24
$617.7M
$-77.1M
Q1 24
$567.9M
$-80.3M
Total Assets
ASC
ASC
INSE
INSE
Q4 25
$439.9M
Q3 25
$799.8M
$485.8M
Q2 25
$703.8M
$486.8M
Q1 25
$690.4M
$458.9M
Q4 24
$438.4M
Q3 24
$722.8M
$388.6M
Q2 24
$742.0M
$326.6M
Q1 24
$704.1M
$331.1M
Debt / Equity
ASC
ASC
INSE
INSE
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
INSE
INSE
Operating Cash FlowLast quarter
$17.9M
$1.2M
Free Cash FlowOCF − Capex
$-9.9M
FCF MarginFCF / Revenue
-12.8%
Capex IntensityCapex / Revenue
14.4%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
INSE
INSE
Q4 25
$1.2M
Q3 25
$17.9M
$10.1M
Q2 25
$11.2M
$15.2M
Q1 25
$26.3M
$25.5M
Q4 24
$6.9M
Q3 24
$39.9M
$21.2M
Q2 24
$48.4M
$-2.4M
Q1 24
$49.2M
$6.0M
Free Cash Flow
ASC
ASC
INSE
INSE
Q4 25
$-9.9M
Q3 25
$4.3M
Q2 25
$5.6M
Q1 25
$16.3M
Q4 24
$1.6M
Q3 24
$16.8M
Q2 24
$-5.3M
Q1 24
$1.6M
FCF Margin
ASC
ASC
INSE
INSE
Q4 25
-12.8%
Q3 25
5.0%
Q2 25
7.0%
Q1 25
27.0%
Q4 24
1.9%
Q3 24
21.8%
Q2 24
-7.1%
Q1 24
2.6%
Capex Intensity
ASC
ASC
INSE
INSE
Q4 25
14.4%
Q3 25
6.7%
Q2 25
12.0%
Q1 25
15.2%
Q4 24
6.4%
Q3 24
5.7%
Q2 24
3.9%
Q1 24
7.1%
Cash Conversion
ASC
ASC
INSE
INSE
Q4 25
Q3 25
1.40×
Q2 25
1.17×
Q1 25
4.20×
Q4 24
0.10×
Q3 24
1.65×
7.57×
Q2 24
0.77×
-1.71×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

INSE
INSE

Gaming$36.3M47%
Interactive$17.8M23%
Leisure$13.7M18%
Product Sales$8.8M11%

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