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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $41.9M, roughly 1.9× Namib Minerals).

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.

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

ASC vs NAMM — Head-to-Head

Bigger by revenue
ASC
ASC
1.9× larger
ASC
$81.2M
$41.9M
NAMM

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ASC
ASC
NAMM
NAMM
Revenue
$81.2M
$41.9M
Net Profit
$12.8M
Gross Margin
45.7%
Operating Margin
16.1%
29.8%
Net Margin
15.7%
Revenue YoY
-15.5%
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
NAMM
NAMM
Q3 25
$81.2M
Q2 25
$72.0M
$41.9M
Q1 25
$74.0M
Q3 24
$96.1M
Q2 24
$121.3M
Q1 24
$106.3M
Q3 23
$86.9M
Q2 23
$91.9M
Net Profit
ASC
ASC
NAMM
NAMM
Q3 25
$12.8M
Q2 25
$9.6M
Q1 25
$6.3M
Q3 24
$24.1M
Q2 24
$62.7M
Q1 24
$39.2M
Q3 23
$21.2M
Q2 23
$24.5M
Gross Margin
ASC
ASC
NAMM
NAMM
Q3 25
Q2 25
45.7%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Operating Margin
ASC
ASC
NAMM
NAMM
Q3 25
16.1%
Q2 25
13.5%
29.8%
Q1 25
8.6%
Q3 24
25.4%
Q2 24
51.3%
Q1 24
37.2%
Q3 23
24.6%
Q2 23
27.3%
Net Margin
ASC
ASC
NAMM
NAMM
Q3 25
15.7%
Q2 25
13.3%
Q1 25
8.5%
Q3 24
25.1%
Q2 24
51.7%
Q1 24
36.9%
Q3 23
24.4%
Q2 23
26.7%
EPS (diluted)
ASC
ASC
NAMM
NAMM
Q3 25
$0.30
Q2 25
$0.22
Q1 25
$0.14
Q3 24
$0.55
Q2 24
$1.47
Q1 24
$0.92
Q3 23
$0.49
Q2 23
$0.57

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
NAMM
NAMM
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Q3 23
$52.5M
Q2 23
$78.9M
Stockholders' Equity
ASC
ASC
NAMM
NAMM
Q3 25
$628.2M
Q2 25
$618.3M
Q1 25
$610.7M
Q3 24
$627.0M
Q2 24
$617.7M
Q1 24
$567.9M
Q3 23
$517.0M
Q2 23
$503.8M
Total Assets
ASC
ASC
NAMM
NAMM
Q3 25
$799.8M
Q2 25
$703.8M
Q1 25
$690.4M
Q3 24
$722.8M
Q2 24
$742.0M
Q1 24
$704.1M
Q3 23
$686.4M
Q2 23
$696.1M
Debt / Equity
ASC
ASC
NAMM
NAMM
Q3 25
0.18×
Q2 25
0.04×
Q1 25
0.03×
Q3 24
0.04×
Q2 24
0.07×
Q1 24
0.04×
Q3 23
0.10×
Q2 23
0.16×

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
NAMM
NAMM
Operating Cash FlowLast quarter
$17.9M
$11.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
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
NAMM
NAMM
Q3 25
$17.9M
Q2 25
$11.2M
$11.4M
Q1 25
$26.3M
Q3 24
$39.9M
Q2 24
$48.4M
Q1 24
$49.2M
Q3 23
$42.0M
Q2 23
$42.1M
Free Cash Flow
ASC
ASC
NAMM
NAMM
Q3 25
Q2 25
$7.4M
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
FCF Margin
ASC
ASC
NAMM
NAMM
Q3 25
Q2 25
17.6%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Capex Intensity
ASC
ASC
NAMM
NAMM
Q3 25
Q2 25
9.6%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Cash Conversion
ASC
ASC
NAMM
NAMM
Q3 25
1.40×
Q2 25
1.17×
Q1 25
4.20×
Q3 24
1.65×
Q2 24
0.77×
Q1 24
1.25×
Q3 23
1.98×
Q2 23
1.72×

Financial Flow Comparison

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

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