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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and ST JOE Co (JOE). Click either name above to swap in a different company.

ST JOE Co is the larger business by last-quarter revenue ($128.9M vs $81.2M, roughly 1.6× Ardmore Shipping Corp). ST JOE Co runs the higher net margin — 23.2% vs 15.7%, a 7.5% gap on every dollar of revenue. On growth, ST JOE Co posted the faster year-over-year revenue change (23.5% vs -15.5%). Over the past eight quarters, ST JOE Co's revenue compounded faster (21.2% 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.

The St. Joe Company is a land development company headquartered in Panama City Beach, Florida. Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management. The company's land holdings are concentrated in Northwest Florida with the vast majority located in Bay and Walton counties. Of the 110,500 acres The St. Joe Company owns that fall within the Bay-Walton Sector Plan, 53...

ASC vs JOE — Head-to-Head

Bigger by revenue
JOE
JOE
1.6× larger
JOE
$128.9M
$81.2M
ASC
Growing faster (revenue YoY)
JOE
JOE
+39.0% gap
JOE
23.5%
-15.5%
ASC
Higher net margin
JOE
JOE
7.5% more per $
JOE
23.2%
15.7%
ASC
Faster 2-yr revenue CAGR
JOE
JOE
Annualised
JOE
21.2%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
JOE
JOE
Revenue
$81.2M
$128.9M
Net Profit
$12.8M
$29.9M
Gross Margin
45.4%
Operating Margin
16.1%
30.6%
Net Margin
15.7%
23.2%
Revenue YoY
-15.5%
23.5%
Net Profit YoY
-47.0%
58.2%
EPS (diluted)
$0.30
$0.51

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
JOE
JOE
Q4 25
$128.9M
Q3 25
$81.2M
$161.1M
Q2 25
$72.0M
$129.1M
Q1 25
$74.0M
$94.2M
Q4 24
$104.3M
Q3 24
$96.1M
$99.0M
Q2 24
$121.3M
$111.6M
Q1 24
$106.3M
$87.8M
Net Profit
ASC
ASC
JOE
JOE
Q4 25
$29.9M
Q3 25
$12.8M
$38.7M
Q2 25
$9.6M
$29.5M
Q1 25
$6.3M
$17.5M
Q4 24
$18.9M
Q3 24
$24.1M
$16.8M
Q2 24
$62.7M
$24.5M
Q1 24
$39.2M
$13.9M
Gross Margin
ASC
ASC
JOE
JOE
Q4 25
45.4%
Q3 25
44.4%
Q2 25
42.9%
Q1 25
37.8%
Q4 24
42.3%
Q3 24
39.4%
Q2 24
44.6%
Q1 24
39.0%
Operating Margin
ASC
ASC
JOE
JOE
Q4 25
30.6%
Q3 25
16.1%
32.9%
Q2 25
13.5%
28.6%
Q1 25
8.6%
17.9%
Q4 24
24.7%
Q3 24
25.4%
21.5%
Q2 24
51.3%
29.2%
Q1 24
37.2%
18.2%
Net Margin
ASC
ASC
JOE
JOE
Q4 25
23.2%
Q3 25
15.7%
24.0%
Q2 25
13.3%
22.9%
Q1 25
8.5%
18.5%
Q4 24
18.1%
Q3 24
25.1%
17.0%
Q2 24
51.7%
22.0%
Q1 24
36.9%
15.9%
EPS (diluted)
ASC
ASC
JOE
JOE
Q4 25
$0.51
Q3 25
$0.30
$0.67
Q2 25
$0.22
$0.51
Q1 25
$0.14
$0.30
Q4 24
$0.32
Q3 24
$0.55
$0.29
Q2 24
$1.47
$0.42
Q1 24
$0.92
$0.24

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
JOE
JOE
Cash + ST InvestmentsLiquidity on hand
$129.6M
Total DebtLower is stronger
$116.1M
$391.2M
Stockholders' EquityBook value
$628.2M
$766.3M
Total Assets
$799.8M
$1.5B
Debt / EquityLower = less leverage
0.18×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
JOE
JOE
Q4 25
$129.6M
Q3 25
$126.1M
Q2 25
$88.2M
Q1 25
$94.5M
Q4 24
$88.8M
Q3 24
$82.7M
Q2 24
$86.7M
Q1 24
$89.8M
Total Debt
ASC
ASC
JOE
JOE
Q4 25
$391.2M
Q3 25
$116.1M
$399.0M
Q2 25
$25.0M
$427.3M
Q1 25
$20.5M
$434.8M
Q4 24
$437.8M
Q3 24
$22.5M
$443.3M
Q2 24
$44.2M
$447.4M
Q1 24
$23.1M
$452.0M
Stockholders' Equity
ASC
ASC
JOE
JOE
Q4 25
$766.3M
Q3 25
$628.2M
$760.7M
Q2 25
$618.3M
$738.8M
Q1 25
$610.7M
$727.9M
Q4 24
$724.3M
Q3 24
$627.0M
$716.4M
Q2 24
$617.7M
$708.1M
Q1 24
$567.9M
$690.4M
Total Assets
ASC
ASC
JOE
JOE
Q4 25
$1.5B
Q3 25
$799.8M
$1.5B
Q2 25
$703.8M
$1.5B
Q1 25
$690.4M
$1.5B
Q4 24
$1.5B
Q3 24
$722.8M
$1.5B
Q2 24
$742.0M
$1.6B
Q1 24
$704.1M
$1.5B
Debt / Equity
ASC
ASC
JOE
JOE
Q4 25
0.51×
Q3 25
0.18×
0.52×
Q2 25
0.04×
0.58×
Q1 25
0.03×
0.60×
Q4 24
0.60×
Q3 24
0.04×
0.62×
Q2 24
0.07×
0.63×
Q1 24
0.04×
0.65×

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
JOE
JOE
Operating Cash FlowLast quarter
$17.9M
$190.7M
Free Cash FlowOCF − Capex
$186.6M
FCF MarginFCF / Revenue
144.8%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
1.40×
6.37×
TTM Free Cash FlowTrailing 4 quarters
$329.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
JOE
JOE
Q4 25
$190.7M
Q3 25
$17.9M
$86.2M
Q2 25
$11.2M
$31.1M
Q1 25
$26.3M
$29.0M
Q4 24
$108.0M
Q3 24
$39.9M
$27.7M
Q2 24
$48.4M
$22.8M
Q1 24
$49.2M
$27.6M
Free Cash Flow
ASC
ASC
JOE
JOE
Q4 25
$186.6M
Q3 25
$85.2M
Q2 25
$29.7M
Q1 25
$27.8M
Q4 24
$100.2M
Q3 24
$25.9M
Q2 24
$21.5M
Q1 24
$25.2M
FCF Margin
ASC
ASC
JOE
JOE
Q4 25
144.8%
Q3 25
52.9%
Q2 25
23.0%
Q1 25
29.6%
Q4 24
96.1%
Q3 24
26.2%
Q2 24
19.3%
Q1 24
28.7%
Capex Intensity
ASC
ASC
JOE
JOE
Q4 25
3.1%
Q3 25
0.6%
Q2 25
1.0%
Q1 25
1.2%
Q4 24
7.4%
Q3 24
1.8%
Q2 24
1.2%
Q1 24
2.7%
Cash Conversion
ASC
ASC
JOE
JOE
Q4 25
6.37×
Q3 25
1.40×
2.23×
Q2 25
1.17×
1.05×
Q1 25
4.20×
1.66×
Q4 24
5.71×
Q3 24
1.65×
1.65×
Q2 24
0.77×
0.93×
Q1 24
1.25×
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

JOE
JOE

Residential Real Estate Segment$57.2M44%
Hospitality Segment$47.4M37%
Commercial$20.5M16%
Sjbb Llc$2.8M2%

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