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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and RICHARDSON ELECTRONICS, LTD. (RELL). Click either name above to swap in a different company.

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $52.3M, roughly 1.6× RICHARDSON ELECTRONICS, LTD.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -0.2%, a 16.0% gap on every dollar of revenue. On growth, RICHARDSON ELECTRONICS, LTD. posted the faster year-over-year revenue change (5.7% vs -15.5%). Over the past eight quarters, RICHARDSON ELECTRONICS, LTD.'s revenue compounded faster (-0.3% 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.

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to ...

ASC vs RELL — Head-to-Head

Bigger by revenue
ASC
ASC
1.6× larger
ASC
$81.2M
$52.3M
RELL
Growing faster (revenue YoY)
RELL
RELL
+21.1% gap
RELL
5.7%
-15.5%
ASC
Higher net margin
ASC
ASC
16.0% more per $
ASC
15.7%
-0.2%
RELL
Faster 2-yr revenue CAGR
RELL
RELL
Annualised
RELL
-0.3%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ASC
ASC
RELL
RELL
Revenue
$81.2M
$52.3M
Net Profit
$12.8M
$-121.0K
Gross Margin
30.7%
Operating Margin
16.1%
0.3%
Net Margin
15.7%
-0.2%
Revenue YoY
-15.5%
5.7%
Net Profit YoY
-47.0%
83.9%
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
RELL
RELL
Q4 25
$52.3M
Q3 25
$81.2M
$54.6M
Q2 25
$72.0M
Q1 25
$74.0M
$53.8M
Q4 24
$49.5M
Q3 24
$96.1M
$53.7M
Q2 24
$121.3M
Q1 24
$106.3M
$52.4M
Net Profit
ASC
ASC
RELL
RELL
Q4 25
$-121.0K
Q3 25
$12.8M
$1.9M
Q2 25
$9.6M
Q1 25
$6.3M
$-2.1M
Q4 24
$-751.0K
Q3 24
$24.1M
$590.0K
Q2 24
$62.7M
Q1 24
$39.2M
$750.0K
Gross Margin
ASC
ASC
RELL
RELL
Q4 25
30.7%
Q3 25
31.0%
Q2 25
Q1 25
31.0%
Q4 24
31.0%
Q3 24
30.6%
Q2 24
Q1 24
29.5%
Operating Margin
ASC
ASC
RELL
RELL
Q4 25
0.3%
Q3 25
16.1%
1.8%
Q2 25
13.5%
Q1 25
8.6%
-5.1%
Q4 24
-1.3%
Q3 24
25.4%
0.6%
Q2 24
51.3%
Q1 24
37.2%
1.9%
Net Margin
ASC
ASC
RELL
RELL
Q4 25
-0.2%
Q3 25
15.7%
3.5%
Q2 25
13.3%
Q1 25
8.5%
-3.8%
Q4 24
-1.5%
Q3 24
25.1%
1.1%
Q2 24
51.7%
Q1 24
36.9%
1.4%
EPS (diluted)
ASC
ASC
RELL
RELL
Q4 25
Q3 25
$0.30
Q2 25
$0.22
Q1 25
$0.14
Q4 24
Q3 24
$0.55
Q2 24
$1.47
Q1 24
$0.92

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
RELL
RELL
Cash + ST InvestmentsLiquidity on hand
$33.1M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$158.5M
Total Assets
$799.8M
$201.8M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
RELL
RELL
Q4 25
$33.1M
Q3 25
$35.7M
Q2 25
Q1 25
$36.7M
Q4 24
$26.6M
Q3 24
$23.0M
Q2 24
Q1 24
$18.9M
Total Debt
ASC
ASC
RELL
RELL
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
RELL
RELL
Q4 25
$158.5M
Q3 25
$628.2M
$159.4M
Q2 25
$618.3M
Q1 25
$610.7M
$152.9M
Q4 24
$156.2M
Q3 24
$627.0M
$159.1M
Q2 24
$617.7M
Q1 24
$567.9M
$158.6M
Total Assets
ASC
ASC
RELL
RELL
Q4 25
$201.8M
Q3 25
$799.8M
$200.1M
Q2 25
$703.8M
Q1 25
$690.4M
$189.8M
Q4 24
$195.2M
Q3 24
$722.8M
$197.9M
Q2 24
$742.0M
Q1 24
$704.1M
$193.6M
Debt / Equity
ASC
ASC
RELL
RELL
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
RELL
RELL
Operating Cash FlowLast quarter
$17.9M
$-99.0K
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
RELL
RELL
Q4 25
$-99.0K
Q3 25
$17.9M
$1.4M
Q2 25
$11.2M
Q1 25
$26.3M
$4.6M
Q4 24
$5.5M
Q3 24
$39.9M
$412.0K
Q2 24
$48.4M
Q1 24
$49.2M
$-2.5M
Free Cash Flow
ASC
ASC
RELL
RELL
Q4 25
$-1.7M
Q3 25
$342.0K
Q2 25
Q1 25
$4.1M
Q4 24
$4.9M
Q3 24
$-514.0K
Q2 24
Q1 24
$-2.9M
FCF Margin
ASC
ASC
RELL
RELL
Q4 25
-3.3%
Q3 25
0.6%
Q2 25
Q1 25
7.5%
Q4 24
10.0%
Q3 24
-1.0%
Q2 24
Q1 24
-5.6%
Capex Intensity
ASC
ASC
RELL
RELL
Q4 25
3.1%
Q3 25
1.9%
Q2 25
Q1 25
1.0%
Q4 24
1.0%
Q3 24
1.7%
Q2 24
Q1 24
0.8%
Cash Conversion
ASC
ASC
RELL
RELL
Q4 25
Q3 25
1.40×
0.72×
Q2 25
1.17×
Q1 25
4.20×
Q4 24
Q3 24
1.65×
0.70×
Q2 24
0.77×
Q1 24
1.25×
-3.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

RELL
RELL

Power And Microwave Technologies Group$35.2M67%
Canvys$8.8M17%
Global Energy Solutions$8.3M16%

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