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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and National Healthcare Properties, Inc. (NHPAP). Click either name above to swap in a different company.

National Healthcare Properties, Inc. is the larger business by last-quarter revenue ($84.5M vs $81.2M, roughly 1.0× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -27.0%, a 42.7% gap on every dollar of revenue. On growth, National Healthcare Properties, Inc. posted the faster year-over-year revenue change (-3.7% vs -15.5%). Over the past eight quarters, National Healthcare Properties, Inc.'s revenue compounded faster (-2.2% 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.

Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500 primary healthcare facilities within the United Kingdom and Ireland. It is listed on the London Stock Exchange and is also a constituent of the FTSE 250 Index.

ASC vs NHPAP — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.0× larger
NHPAP
$84.5M
$81.2M
ASC
Growing faster (revenue YoY)
NHPAP
NHPAP
+11.8% gap
NHPAP
-3.7%
-15.5%
ASC
Higher net margin
ASC
ASC
42.7% more per $
ASC
15.7%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
NHPAP
NHPAP
Annualised
NHPAP
-2.2%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
NHPAP
NHPAP
Revenue
$81.2M
$84.5M
Net Profit
$12.8M
$-22.8M
Gross Margin
36.5%
Operating Margin
16.1%
-7.8%
Net Margin
15.7%
-27.0%
Revenue YoY
-15.5%
-3.7%
Net Profit YoY
-47.0%
-33.9%
EPS (diluted)
$0.30
$-0.92

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
NHPAP
NHPAP
Q4 25
$84.5M
Q3 25
$81.2M
$86.0M
Q2 25
$72.0M
$85.3M
Q1 25
$74.0M
$86.4M
Q4 24
$87.7M
Q3 24
$96.1M
$88.9M
Q2 24
$121.3M
$88.8M
Q1 24
$106.3M
$88.3M
Net Profit
ASC
ASC
NHPAP
NHPAP
Q4 25
$-22.8M
Q3 25
$12.8M
$-12.5M
Q2 25
$9.6M
$-20.8M
Q1 25
$6.3M
$-1.5M
Q4 24
$-17.0M
Q3 24
$24.1M
$-40.8M
Q2 24
$62.7M
$-116.9M
Q1 24
$39.2M
$-15.6M
Gross Margin
ASC
ASC
NHPAP
NHPAP
Q4 25
36.5%
Q3 25
37.4%
Q2 25
36.9%
Q1 25
33.4%
Q4 24
37.4%
Q3 24
36.6%
Q2 24
38.1%
Q1 24
37.5%
Operating Margin
ASC
ASC
NHPAP
NHPAP
Q4 25
-7.8%
Q3 25
16.1%
2.8%
Q2 25
13.5%
-6.5%
Q1 25
8.6%
15.1%
Q4 24
-1.2%
Q3 24
25.4%
-23.5%
Q2 24
51.3%
-113.1%
Q1 24
37.2%
-1.3%
Net Margin
ASC
ASC
NHPAP
NHPAP
Q4 25
-27.0%
Q3 25
15.7%
-14.6%
Q2 25
13.3%
-24.4%
Q1 25
8.5%
-1.8%
Q4 24
-19.4%
Q3 24
25.1%
-45.8%
Q2 24
51.7%
-131.6%
Q1 24
36.9%
-17.6%
EPS (diluted)
ASC
ASC
NHPAP
NHPAP
Q4 25
$-0.92
Q3 25
$0.30
$-0.56
Q2 25
$0.22
$-0.85
Q1 25
$0.14
$-0.18
Q4 24
$-0.72
Q3 24
$0.55
$-1.56
Q2 24
$1.47
$-4.24
Q1 24
$0.92
$-0.67

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
NHPAP
NHPAP
Cash + ST InvestmentsLiquidity on hand
$57.6M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$600.1M
Total Assets
$799.8M
$1.7B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
NHPAP
NHPAP
Q4 25
$57.6M
Q3 25
$47.1M
Q2 25
$47.1M
Q1 25
$71.4M
Q4 24
$21.7M
Q3 24
$32.9M
Q2 24
$29.5M
Q1 24
$28.7M
Total Debt
ASC
ASC
NHPAP
NHPAP
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
NHPAP
NHPAP
Q4 25
$600.1M
Q3 25
$628.2M
$627.2M
Q2 25
$618.3M
$647.0M
Q1 25
$610.7M
$674.6M
Q4 24
$684.6M
Q3 24
$627.0M
$702.6M
Q2 24
$617.7M
$756.7M
Q1 24
$567.9M
$877.7M
Total Assets
ASC
ASC
NHPAP
NHPAP
Q4 25
$1.7B
Q3 25
$799.8M
$1.7B
Q2 25
$703.8M
$1.8B
Q1 25
$690.4M
$1.8B
Q4 24
$1.9B
Q3 24
$722.8M
$2.0B
Q2 24
$742.0M
$2.1B
Q1 24
$704.1M
$2.1B
Debt / Equity
ASC
ASC
NHPAP
NHPAP
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
NHPAP
NHPAP
Operating Cash FlowLast quarter
$17.9M
$7.0M
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
NHPAP
NHPAP
Q4 25
$7.0M
Q3 25
$17.9M
$10.2M
Q2 25
$11.2M
$8.1M
Q1 25
$26.3M
$-21.2M
Q4 24
$-79.8M
Q3 24
$39.9M
$-95.2M
Q2 24
$48.4M
$6.4M
Q1 24
$49.2M
$2.5M
Cash Conversion
ASC
ASC
NHPAP
NHPAP
Q4 25
Q3 25
1.40×
Q2 25
1.17×
Q1 25
4.20×
Q4 24
Q3 24
1.65×
Q2 24
0.77×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

NHPAP
NHPAP

Seniors Housing Communities$56.3M67%
Outpatient Medical Facilities$28.1M33%

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