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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $43.2M, roughly 1.9× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 15.7%, a 1.2% gap on every dollar of revenue.

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

ASC vs RERE — Head-to-Head

Bigger by revenue
ASC
ASC
1.9× larger
ASC
$81.2M
$43.2M
RERE
Higher net margin
RERE
RERE
1.2% more per $
RERE
16.9%
15.7%
ASC

Income Statement — Q3 FY2025 vs Q1 FY2023

Metric
ASC
ASC
RERE
RERE
Revenue
$81.2M
$43.2M
Net Profit
$12.8M
$7.3M
Gross Margin
Operating Margin
16.1%
Net Margin
15.7%
16.9%
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
RERE
RERE
Q3 25
$81.2M
Q2 25
$72.0M
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
RERE
RERE
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
Operating Margin
ASC
ASC
RERE
RERE
Q3 25
16.1%
Q2 25
13.5%
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$228.0M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$557.1M
Total Assets
$799.8M
$722.9M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
Operating Cash FlowLast quarter
$17.9M
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
RERE
RERE
Q3 25
$17.9M
Q2 25
$11.2M
Q1 25
$26.3M
Q3 24
$39.9M
Q2 24
$48.4M
Q1 24
$49.2M
Q3 23
$42.0M
Q2 23
$42.1M
Cash Conversion
ASC
ASC
RERE
RERE
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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