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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and SEACOR Marine Holdings Inc. (SMHI). 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× SEACOR Marine Holdings Inc.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs -27.9%, a 43.7% gap on every dollar of revenue. On growth, Ardmore Shipping Corp posted the faster year-over-year revenue change (-15.5% vs -25.0%). Over the past eight quarters, Ardmore Shipping Corp's revenue compounded faster (-6.0% CAGR vs -8.7%).

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.

SEACOR Holdings, based in Fort Lauderdale, Florida, provides equipment and services to the offshore petroleum industry and the marine transportation industry. An American corporation, the company holds a 70% ownership stake in a bioethanol plant located in Illinois.

ASC vs SMHI — Head-to-Head

Bigger by revenue
ASC
ASC
1.6× larger
ASC
$81.2M
$52.3M
SMHI
Growing faster (revenue YoY)
ASC
ASC
+9.6% gap
ASC
-15.5%
-25.0%
SMHI
Higher net margin
ASC
ASC
43.7% more per $
ASC
15.7%
-27.9%
SMHI
Faster 2-yr revenue CAGR
ASC
ASC
Annualised
ASC
-6.0%
-8.7%
SMHI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
SMHI
SMHI
Revenue
$81.2M
$52.3M
Net Profit
$12.8M
$-14.6M
Gross Margin
18.5%
Operating Margin
16.1%
-9.9%
Net Margin
15.7%
-27.9%
Revenue YoY
-15.5%
-25.0%
Net Profit YoY
-47.0%
44.2%
EPS (diluted)
$0.30
$-0.59

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
SMHI
SMHI
Q4 25
$52.3M
Q3 25
$81.2M
$59.2M
Q2 25
$72.0M
$60.8M
Q1 25
$74.0M
$55.5M
Q4 24
$69.8M
Q3 24
$96.1M
$68.9M
Q2 24
$121.3M
$69.9M
Q1 24
$106.3M
$62.8M
Net Profit
ASC
ASC
SMHI
SMHI
Q4 25
$-14.6M
Q3 25
$12.8M
$9.0M
Q2 25
$9.6M
$-6.7M
Q1 25
$6.3M
$-15.5M
Q4 24
$-26.2M
Q3 24
$24.1M
$-16.3M
Q2 24
$62.7M
$-12.5M
Q1 24
$39.2M
$-23.1M
Gross Margin
ASC
ASC
SMHI
SMHI
Q4 25
18.5%
Q3 25
19.4%
Q2 25
18.6%
Q1 25
24.5%
Q4 24
33.1%
Q3 24
23.2%
Q2 24
29.1%
Q1 24
23.4%
Operating Margin
ASC
ASC
SMHI
SMHI
Q4 25
-9.9%
Q3 25
16.1%
30.5%
Q2 25
13.5%
10.0%
Q1 25
8.6%
-9.5%
Q4 24
15.2%
Q3 24
25.4%
-9.4%
Q2 24
51.3%
-5.6%
Q1 24
37.2%
-16.9%
Net Margin
ASC
ASC
SMHI
SMHI
Q4 25
-27.9%
Q3 25
15.7%
15.2%
Q2 25
13.3%
-11.1%
Q1 25
8.5%
-27.9%
Q4 24
-37.6%
Q3 24
25.1%
-23.7%
Q2 24
51.7%
-17.9%
Q1 24
36.9%
-36.8%
EPS (diluted)
ASC
ASC
SMHI
SMHI
Q4 25
$-0.59
Q3 25
$0.30
$0.35
Q2 25
$0.22
$-0.26
Q1 25
$0.14
$-0.56
Q4 24
$-0.94
Q3 24
$0.55
$-0.59
Q2 24
$1.47
$-0.45
Q1 24
$0.92
$-0.84

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
SMHI
SMHI
Cash + ST InvestmentsLiquidity on hand
$68.9M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$264.4M
Total Assets
$799.8M
$660.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
SMHI
SMHI
Q4 25
$68.9M
Q3 25
$91.0M
Q2 25
$34.4M
Q1 25
$43.0M
Q4 24
$59.5M
Q3 24
$35.6M
Q2 24
$40.6M
Q1 24
$59.6M
Total Debt
ASC
ASC
SMHI
SMHI
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
SMHI
SMHI
Q4 25
$264.4M
Q3 25
$628.2M
$277.3M
Q2 25
$618.3M
$267.5M
Q1 25
$610.7M
$283.7M
Q4 24
$298.0M
Q3 24
$627.0M
$324.7M
Q2 24
$617.7M
$337.6M
Q1 24
$567.9M
$348.5M
Total Assets
ASC
ASC
SMHI
SMHI
Q4 25
$660.6M
Q3 25
$799.8M
$692.5M
Q2 25
$703.8M
$680.0M
Q1 25
$690.4M
$694.2M
Q4 24
$727.1M
Q3 24
$722.8M
$709.4M
Q2 24
$742.0M
$721.6M
Q1 24
$704.1M
$744.8M
Debt / Equity
ASC
ASC
SMHI
SMHI
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
SMHI
SMHI
Operating Cash FlowLast quarter
$17.9M
$-12.2M
Free Cash FlowOCF − Capex
$-20.6M
FCF MarginFCF / Revenue
-39.4%
Capex IntensityCapex / Revenue
16.1%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-85.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
SMHI
SMHI
Q4 25
$-12.2M
Q3 25
$17.9M
$-10.7M
Q2 25
$11.2M
$-2.1M
Q1 25
$26.3M
$-11.5M
Q4 24
$8.5M
Q3 24
$39.9M
$626.0K
Q2 24
$48.4M
$-12.2M
Q1 24
$49.2M
$-7.2M
Free Cash Flow
ASC
ASC
SMHI
SMHI
Q4 25
$-20.6M
Q3 25
$-20.0M
Q2 25
$-12.3M
Q1 25
$-32.3M
Q4 24
$5.5M
Q3 24
$416.0K
Q2 24
$-12.9M
Q1 24
$-10.6M
FCF Margin
ASC
ASC
SMHI
SMHI
Q4 25
-39.4%
Q3 25
-33.8%
Q2 25
-20.2%
Q1 25
-58.1%
Q4 24
7.9%
Q3 24
0.6%
Q2 24
-18.5%
Q1 24
-16.9%
Capex Intensity
ASC
ASC
SMHI
SMHI
Q4 25
16.1%
Q3 25
15.8%
Q2 25
16.8%
Q1 25
37.5%
Q4 24
4.3%
Q3 24
0.3%
Q2 24
0.9%
Q1 24
5.4%
Cash Conversion
ASC
ASC
SMHI
SMHI
Q4 25
Q3 25
1.40×
-1.19×
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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