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

LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $81.2M, roughly 1.1× Ardmore Shipping Corp). LXP Industrial Trust runs the higher net margin — 33.2% vs 15.7%, a 17.4% gap on every dollar of revenue. On growth, LXP Industrial Trust posted the faster year-over-year revenue change (-14.0% vs -15.5%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% 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.

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

ASC vs LXP — Head-to-Head

Bigger by revenue
LXP
LXP
1.1× larger
LXP
$86.7M
$81.2M
ASC
Growing faster (revenue YoY)
LXP
LXP
+1.5% gap
LXP
-14.0%
-15.5%
ASC
Higher net margin
LXP
LXP
17.4% more per $
LXP
33.2%
15.7%
ASC
Faster 2-yr revenue CAGR
LXP
LXP
Annualised
LXP
0.3%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
LXP
LXP
Revenue
$81.2M
$86.7M
Net Profit
$12.8M
$28.8M
Gross Margin
81.5%
Operating Margin
16.1%
34.6%
Net Margin
15.7%
33.2%
Revenue YoY
-15.5%
-14.0%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30

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
LXP
LXP
Q4 25
$86.7M
Q3 25
$81.2M
$86.9M
Q2 25
$72.0M
$87.7M
Q1 25
$74.0M
$88.9M
Q4 24
$100.9M
Q3 24
$96.1M
$85.6M
Q2 24
$121.3M
$85.8M
Q1 24
$106.3M
$86.3M
Net Profit
ASC
ASC
LXP
LXP
Q4 25
$28.8M
Q3 25
$12.8M
$36.3M
Q2 25
$9.6M
$29.1M
Q1 25
$6.3M
$19.0M
Q4 24
Q3 24
$24.1M
$6.3M
Q2 24
$62.7M
$5.4M
Q1 24
$39.2M
$-269.0K
Gross Margin
ASC
ASC
LXP
LXP
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
ASC
ASC
LXP
LXP
Q4 25
34.6%
Q3 25
16.1%
50.4%
Q2 25
13.5%
33.7%
Q1 25
8.6%
21.8%
Q4 24
Q3 24
25.4%
7.9%
Q2 24
51.3%
6.9%
Q1 24
37.2%
1.0%
Net Margin
ASC
ASC
LXP
LXP
Q4 25
33.2%
Q3 25
15.7%
41.7%
Q2 25
13.3%
33.2%
Q1 25
8.5%
21.4%
Q4 24
Q3 24
25.1%
7.4%
Q2 24
51.7%
6.3%
Q1 24
36.9%
-0.3%
EPS (diluted)
ASC
ASC
LXP
LXP
Q4 25
Q3 25
$0.30
$0.12
Q2 25
$0.22
$0.09
Q1 25
$0.14
$0.06
Q4 24
Q3 24
$0.55
$0.02
Q2 24
$1.47
$0.01
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
LXP
LXP
Cash + ST InvestmentsLiquidity on hand
$170.4M
Total DebtLower is stronger
$116.1M
$1.4B
Stockholders' EquityBook value
$628.2M
$2.0B
Total Assets
$799.8M
$3.5B
Debt / EquityLower = less leverage
0.18×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
LXP
LXP
Q4 25
$170.4M
Q3 25
$229.7M
Q2 25
$71.0M
Q1 25
$70.9M
Q4 24
$101.8M
Q3 24
$55.0M
Q2 24
$48.7M
Q1 24
$293.8M
Total Debt
ASC
ASC
LXP
LXP
Q4 25
$1.4B
Q3 25
$116.1M
$1.5B
Q2 25
$25.0M
$1.5B
Q1 25
$20.5M
$1.5B
Q4 24
$1.6B
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Stockholders' Equity
ASC
ASC
LXP
LXP
Q4 25
$2.0B
Q3 25
$628.2M
$2.1B
Q2 25
$618.3M
$2.1B
Q1 25
$610.7M
$2.1B
Q4 24
$2.1B
Q3 24
$627.0M
$2.1B
Q2 24
$617.7M
$2.1B
Q1 24
$567.9M
$2.2B
Total Assets
ASC
ASC
LXP
LXP
Q4 25
$3.5B
Q3 25
$799.8M
$3.7B
Q2 25
$703.8M
$3.7B
Q1 25
$690.4M
$3.8B
Q4 24
$3.8B
Q3 24
$722.8M
$3.9B
Q2 24
$742.0M
$3.9B
Q1 24
$704.1M
$4.2B
Debt / Equity
ASC
ASC
LXP
LXP
Q4 25
0.66×
Q3 25
0.18×
0.72×
Q2 25
0.04×
0.72×
Q1 25
0.03×
0.73×
Q4 24
0.75×
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
LXP
LXP
Operating Cash FlowLast quarter
$17.9M
$188.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
6.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
LXP
LXP
Q4 25
$188.7M
Q3 25
$17.9M
$63.5M
Q2 25
$11.2M
$44.3M
Q1 25
$26.3M
$39.0M
Q4 24
$211.2M
Q3 24
$39.9M
$64.6M
Q2 24
$48.4M
$38.5M
Q1 24
$49.2M
$38.9M
Cash Conversion
ASC
ASC
LXP
LXP
Q4 25
6.56×
Q3 25
1.40×
1.75×
Q2 25
1.17×
1.52×
Q1 25
4.20×
2.05×
Q4 24
Q3 24
1.65×
10.18×
Q2 24
0.77×
7.09×
Q1 24
1.25×

Financial Flow Comparison

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

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