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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $62.0M, roughly 1.3× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 15.7%, a 15.6% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -15.5%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

ASC vs MPB — Head-to-Head

Bigger by revenue
ASC
ASC
1.3× larger
ASC
$81.2M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+46.3% gap
MPB
30.8%
-15.5%
ASC
Higher net margin
MPB
MPB
15.6% more per $
MPB
31.4%
15.7%
ASC
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
MPB
MPB
Revenue
$81.2M
$62.0M
Net Profit
$12.8M
$19.4M
Gross Margin
Operating Margin
16.1%
43.6%
Net Margin
15.7%
31.4%
Revenue YoY
-15.5%
30.8%
Net Profit YoY
-47.0%
47.0%
EPS (diluted)
$0.30
$0.83

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
MPB
MPB
Q4 25
$62.0M
Q3 25
$81.2M
$61.8M
Q2 25
$72.0M
$54.3M
Q1 25
$74.0M
$47.7M
Q4 24
$47.4M
Q3 24
$96.1M
$45.3M
Q2 24
$121.3M
$44.1M
Q1 24
$106.3M
$42.3M
Net Profit
ASC
ASC
MPB
MPB
Q4 25
$19.4M
Q3 25
$12.8M
$18.3M
Q2 25
$9.6M
$4.8M
Q1 25
$6.3M
$13.7M
Q4 24
$13.2M
Q3 24
$24.1M
$12.3M
Q2 24
$62.7M
$11.8M
Q1 24
$39.2M
$12.1M
Operating Margin
ASC
ASC
MPB
MPB
Q4 25
43.6%
Q3 25
16.1%
39.3%
Q2 25
13.5%
7.9%
Q1 25
8.6%
35.2%
Q4 24
34.1%
Q3 24
25.4%
32.8%
Q2 24
51.3%
32.4%
Q1 24
37.2%
34.8%
Net Margin
ASC
ASC
MPB
MPB
Q4 25
31.4%
Q3 25
15.7%
29.6%
Q2 25
13.3%
8.8%
Q1 25
8.5%
28.8%
Q4 24
27.9%
Q3 24
25.1%
27.1%
Q2 24
51.7%
26.7%
Q1 24
36.9%
28.7%
EPS (diluted)
ASC
ASC
MPB
MPB
Q4 25
$0.83
Q3 25
$0.30
$0.79
Q2 25
$0.22
$0.22
Q1 25
$0.14
$0.71
Q4 24
$0.72
Q3 24
$0.55
$0.74
Q2 24
$1.47
$0.71
Q1 24
$0.92
$0.73

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$814.1M
Total Assets
$799.8M
$6.1B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
MPB
MPB
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
MPB
MPB
Q4 25
$814.1M
Q3 25
$628.2M
$796.3M
Q2 25
$618.3M
$775.7M
Q1 25
$610.7M
$667.9M
Q4 24
$655.0M
Q3 24
$627.0M
$573.1M
Q2 24
$617.7M
$559.7M
Q1 24
$567.9M
$551.0M
Total Assets
ASC
ASC
MPB
MPB
Q4 25
$6.1B
Q3 25
$799.8M
$6.3B
Q2 25
$703.8M
$6.4B
Q1 25
$690.4M
$5.5B
Q4 24
$5.5B
Q3 24
$722.8M
$5.5B
Q2 24
$742.0M
$5.4B
Q1 24
$704.1M
$5.3B
Debt / Equity
ASC
ASC
MPB
MPB
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
MPB
MPB
Operating Cash FlowLast quarter
$17.9M
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
1.40×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
MPB
MPB
Q4 25
$80.0M
Q3 25
$17.9M
$26.3M
Q2 25
$11.2M
$29.0M
Q1 25
$26.3M
$11.5M
Q4 24
$51.4M
Q3 24
$39.9M
$16.9M
Q2 24
$48.4M
$18.0M
Q1 24
$49.2M
$12.4M
Free Cash Flow
ASC
ASC
MPB
MPB
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
ASC
ASC
MPB
MPB
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
ASC
ASC
MPB
MPB
Q4 25
13.3%
Q3 25
3.1%
Q2 25
3.2%
Q1 25
5.7%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
ASC
ASC
MPB
MPB
Q4 25
4.12×
Q3 25
1.40×
1.44×
Q2 25
1.17×
6.08×
Q1 25
4.20×
0.84×
Q4 24
3.88×
Q3 24
1.65×
1.37×
Q2 24
0.77×
1.53×
Q1 24
1.25×
1.02×

Financial Flow Comparison

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

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