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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $66.0M, roughly 1.2× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 15.7%, a 23.7% 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.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

ASC vs SLNO — Head-to-Head

Bigger by revenue
ASC
ASC
1.2× larger
ASC
$81.2M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
23.7% more per $
SLNO
39.4%
15.7%
ASC

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASC
ASC
SLNO
SLNO
Revenue
$81.2M
$66.0M
Net Profit
$12.8M
$26.0M
Gross Margin
98.3%
Operating Margin
16.1%
33.5%
Net Margin
15.7%
39.4%
Revenue YoY
-15.5%
Net Profit YoY
-47.0%
134.0%
EPS (diluted)
$0.30
$0.47

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
SLNO
SLNO
Q3 25
$81.2M
$66.0M
Q2 25
$72.0M
$32.7M
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
SLNO
SLNO
Q3 25
$12.8M
$26.0M
Q2 25
$9.6M
$-4.7M
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
SLNO
SLNO
Q3 25
98.3%
Q2 25
97.9%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Operating Margin
ASC
ASC
SLNO
SLNO
Q3 25
16.1%
33.5%
Q2 25
13.5%
-20.0%
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
SLNO
SLNO
Q3 25
15.7%
39.4%
Q2 25
13.3%
-14.4%
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
SLNO
SLNO
Q3 25
$0.30
$0.47
Q2 25
$0.22
$-0.09
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
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$498.9M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$494.8M
Total Assets
$799.8M
$599.9M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
SLNO
SLNO
Q3 25
$498.9M
Q2 25
$286.8M
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Total Debt
ASC
ASC
SLNO
SLNO
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
SLNO
SLNO
Q3 25
$628.2M
$494.8M
Q2 25
$618.3M
$240.1M
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
SLNO
SLNO
Q3 25
$799.8M
$599.9M
Q2 25
$703.8M
$332.3M
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
SLNO
SLNO
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
SLNO
SLNO
Operating Cash FlowLast quarter
$17.9M
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.40×
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
SLNO
SLNO
Q3 25
$17.9M
$43.5M
Q2 25
$11.2M
$-12.6M
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
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$-12.6M
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
FCF Margin
ASC
ASC
SLNO
SLNO
Q3 25
65.8%
Q2 25
-38.6%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Capex Intensity
ASC
ASC
SLNO
SLNO
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Cash Conversion
ASC
ASC
SLNO
SLNO
Q3 25
1.40×
1.67×
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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