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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and LSI INDUSTRIES INC (LYTS). Click either name above to swap in a different company.

LSI INDUSTRIES INC is the larger business by last-quarter revenue ($143.9M vs $81.2M, roughly 1.8× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs 1.4%, a 14.3% gap on every dollar of revenue. On growth, LSI INDUSTRIES INC posted the faster year-over-year revenue change (-4.4% vs -15.5%). Over the past eight quarters, LSI INDUSTRIES INC's revenue compounded faster (2.1% 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.

LSI Logic Corporation was an American ASIC and EDA company founded in Santa Clara, California. The company designed and sold semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.

ASC vs LYTS — Head-to-Head

Bigger by revenue
LYTS
LYTS
1.8× larger
LYTS
$143.9M
$81.2M
ASC
Growing faster (revenue YoY)
LYTS
LYTS
+11.1% gap
LYTS
-4.4%
-15.5%
ASC
Higher net margin
ASC
ASC
14.3% more per $
ASC
15.7%
1.4%
LYTS
Faster 2-yr revenue CAGR
LYTS
LYTS
Annualised
LYTS
2.1%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q1 FY2027

Metric
ASC
ASC
LYTS
LYTS
Revenue
$81.2M
$143.9M
Net Profit
$12.8M
$2.0M
Gross Margin
Operating Margin
16.1%
Net Margin
15.7%
1.4%
Revenue YoY
-15.5%
-4.4%
Net Profit YoY
-47.0%
-4.8%
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
LYTS
LYTS
Q3 26
$143.9M
Q1 26
$143.9M
Q4 25
$147.0M
Q3 25
$81.2M
$157.2M
Q2 25
$72.0M
$155.1M
Q1 25
$74.0M
$132.5M
Q4 24
$147.7M
Q3 24
$96.1M
$138.1M
Net Profit
ASC
ASC
LYTS
LYTS
Q3 26
$2.0M
Q1 26
$2.0M
Q4 25
$6.3M
Q3 25
$12.8M
$7.3M
Q2 25
$9.6M
$8.2M
Q1 25
$6.3M
$3.9M
Q4 24
$5.6M
Q3 24
$24.1M
$6.7M
Gross Margin
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
25.5%
Q3 25
25.6%
Q2 25
26.1%
Q1 25
24.8%
Q4 24
23.6%
Q3 24
24.4%
Operating Margin
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
6.0%
Q3 25
16.1%
7.0%
Q2 25
13.5%
7.7%
Q1 25
8.6%
4.7%
Q4 24
5.7%
Q3 24
25.4%
6.6%
Net Margin
ASC
ASC
LYTS
LYTS
Q3 26
1.4%
Q1 26
1.4%
Q4 25
4.3%
Q3 25
15.7%
4.6%
Q2 25
13.3%
5.3%
Q1 25
8.5%
2.9%
Q4 24
3.8%
Q3 24
25.1%
4.8%
EPS (diluted)
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$0.20
Q3 25
$0.30
$0.23
Q2 25
$0.22
$0.26
Q1 25
$0.14
$0.13
Q4 24
$0.18
Q3 24
$0.55
$0.22

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
LYTS
LYTS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
$261.0M
Stockholders' EquityBook value
$628.2M
$352.8M
Total Assets
$799.8M
$800.5M
Debt / EquityLower = less leverage
0.18×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$6.4M
Q3 25
$7.1M
Q2 25
$3.5M
Q1 25
$4.3M
Q4 24
$4.7M
Q3 24
$7.0M
Total Debt
ASC
ASC
LYTS
LYTS
Q3 26
$261.0M
Q1 26
$261.0M
Q4 25
$27.9M
Q3 25
$116.1M
$50.7M
Q2 25
$25.0M
$48.6M
Q1 25
$20.5M
$55.4M
Q4 24
$38.2M
Q3 24
$22.5M
$47.7M
Stockholders' Equity
ASC
ASC
LYTS
LYTS
Q3 26
$352.8M
Q1 26
$352.8M
Q4 25
$248.1M
Q3 25
$628.2M
$241.3M
Q2 25
$618.3M
$230.7M
Q1 25
$610.7M
$221.7M
Q4 24
$217.1M
Q3 24
$627.0M
$211.2M
Total Assets
ASC
ASC
LYTS
LYTS
Q3 26
$800.5M
Q1 26
$800.5M
Q4 25
$396.3M
Q3 25
$799.8M
$404.9M
Q2 25
$703.8M
$396.4M
Q1 25
$690.4M
$384.6M
Q4 24
$344.5M
Q3 24
$722.8M
$349.5M
Debt / Equity
ASC
ASC
LYTS
LYTS
Q3 26
0.74×
Q1 26
0.74×
Q4 25
0.11×
Q3 25
0.18×
0.21×
Q2 25
0.04×
0.21×
Q1 25
0.03×
0.25×
Q4 24
0.18×
Q3 24
0.04×
0.23×

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
LYTS
LYTS
Operating Cash FlowLast quarter
$17.9M
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
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$25.0M
Q3 25
$17.9M
$676.0K
Q2 25
$11.2M
$9.5M
Q1 25
$26.3M
$6.9M
Q4 24
$9.9M
Q3 24
$39.9M
$11.8M
Free Cash Flow
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$23.3M
Q3 25
$-291.0K
Q2 25
$8.5M
Q1 25
$6.2M
Q4 24
$8.8M
Q3 24
$11.1M
FCF Margin
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
15.8%
Q3 25
-0.2%
Q2 25
5.5%
Q1 25
4.7%
Q4 24
6.0%
Q3 24
8.0%
Capex Intensity
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
1.1%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
0.7%
Q3 24
0.5%
Cash Conversion
ASC
ASC
LYTS
LYTS
Q3 26
Q1 26
Q4 25
3.94×
Q3 25
1.40×
0.09×
Q2 25
1.17×
1.16×
Q1 25
4.20×
1.77×
Q4 24
1.75×
Q3 24
1.65×
1.77×

Financial Flow Comparison

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

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