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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and Nuvation Bio Inc. (NUVB). 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× Nuvation Bio Inc.). On growth, Nuvation Bio Inc. posted the faster year-over-year revenue change (633.1% vs -15.5%).

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.

Nuvation Bio Inc. is a clinical-stage biopharmaceutical company focused on researching and developing targeted oncology therapies to address unmet medical needs in difficult-to-treat cancer types. Its core pipeline features novel drug candidates targeting key oncogenic pathways, with primary operations and market presence centered in North America.

ASC vs NUVB — Head-to-Head

Bigger by revenue
ASC
ASC
1.9× larger
ASC
$81.2M
$41.9M
NUVB
Growing faster (revenue YoY)
NUVB
NUVB
+648.5% gap
NUVB
633.1%
-15.5%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
NUVB
NUVB
Revenue
$81.2M
$41.9M
Net Profit
$12.8M
Gross Margin
Operating Margin
16.1%
-81.3%
Net Margin
15.7%
Revenue YoY
-15.5%
633.1%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30
$-0.11

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
NUVB
NUVB
Q4 25
$41.9M
Q3 25
$81.2M
$13.1M
Q2 25
$72.0M
Q1 25
$74.0M
Q4 24
$5.7M
Q3 24
$96.1M
Q2 24
$121.3M
Q1 24
$106.3M
$0
Net Profit
ASC
ASC
NUVB
NUVB
Q4 25
Q3 25
$12.8M
$-55.8M
Q2 25
$9.6M
Q1 25
$6.3M
Q4 24
Q3 24
$24.1M
Q2 24
$62.7M
Q1 24
$39.2M
$-14.8M
Gross Margin
ASC
ASC
NUVB
NUVB
Q4 25
Q3 25
74.5%
Q2 25
Q1 25
Q4 24
26.2%
Q3 24
Q2 24
Q1 24
Operating Margin
ASC
ASC
NUVB
NUVB
Q4 25
-81.3%
Q3 25
16.1%
-430.1%
Q2 25
13.5%
Q1 25
8.6%
Q4 24
-944.5%
Q3 24
25.4%
Q2 24
51.3%
Q1 24
37.2%
Net Margin
ASC
ASC
NUVB
NUVB
Q4 25
Q3 25
15.7%
-425.2%
Q2 25
13.3%
Q1 25
8.5%
Q4 24
Q3 24
25.1%
Q2 24
51.7%
Q1 24
36.9%
EPS (diluted)
ASC
ASC
NUVB
NUVB
Q4 25
$-0.11
Q3 25
$0.30
$-0.16
Q2 25
$0.22
Q1 25
$0.14
Q4 24
$0.00
Q3 24
$0.55
Q2 24
$1.47
Q1 24
$0.92
$-0.07

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
NUVB
NUVB
Cash + ST InvestmentsLiquidity on hand
$529.2M
Total DebtLower is stronger
$116.1M
$47.2M
Stockholders' EquityBook value
$628.2M
$305.7M
Total Assets
$799.8M
$594.8M
Debt / EquityLower = less leverage
0.18×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
NUVB
NUVB
Q4 25
$529.2M
Q3 25
$549.0M
Q2 25
Q1 25
Q4 24
$502.7M
Q3 24
Q2 24
Q1 24
$597.0M
Total Debt
ASC
ASC
NUVB
NUVB
Q4 25
$47.2M
Q3 25
$116.1M
$47.1M
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
NUVB
NUVB
Q4 25
$305.7M
Q3 25
$628.2M
$325.9M
Q2 25
$618.3M
Q1 25
$610.7M
Q4 24
$463.8M
Q3 24
$627.0M
Q2 24
$617.7M
Q1 24
$567.9M
$594.0M
Total Assets
ASC
ASC
NUVB
NUVB
Q4 25
$594.8M
Q3 25
$799.8M
$601.6M
Q2 25
$703.8M
Q1 25
$690.4M
Q4 24
$540.6M
Q3 24
$722.8M
Q2 24
$742.0M
Q1 24
$704.1M
$613.1M
Debt / Equity
ASC
ASC
NUVB
NUVB
Q4 25
0.15×
Q3 25
0.18×
0.14×
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
NUVB
NUVB
Operating Cash FlowLast quarter
$17.9M
$-29.7M
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
NUVB
NUVB
Q4 25
$-29.7M
Q3 25
$17.9M
$-52.9M
Q2 25
$11.2M
Q1 25
$26.3M
Q4 24
$-46.3M
Q3 24
$39.9M
Q2 24
$48.4M
Q1 24
$49.2M
$-15.7M
Cash Conversion
ASC
ASC
NUVB
NUVB
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.

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