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

Travere Therapeutics, Inc. is the larger business by last-quarter revenue ($129.7M vs $81.2M, roughly 1.6× Ardmore Shipping Corp). On growth, Travere Therapeutics, Inc. posted the faster year-over-year revenue change (73.4% vs -15.5%). Over the past eight quarters, Travere Therapeutics, Inc.'s revenue compounded faster (77.0% 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.

Travere Therapeutics, Inc. is a global biopharmaceutical firm developing and commercializing innovative therapies for patients with rare, serious, life-threatening diseases. Its key segments cover rare nephrology, hepatology and metabolic disorders, serving markets across North America, Europe and other global regions.

ASC vs TVTX — Head-to-Head

Bigger by revenue
TVTX
TVTX
1.6× larger
TVTX
$129.7M
$81.2M
ASC
Growing faster (revenue YoY)
TVTX
TVTX
+88.9% gap
TVTX
73.4%
-15.5%
ASC
Faster 2-yr revenue CAGR
TVTX
TVTX
Annualised
TVTX
77.0%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
TVTX
TVTX
Revenue
$81.2M
$129.7M
Net Profit
$12.8M
Gross Margin
98.0%
Operating Margin
16.1%
-25.0%
Net Margin
15.7%
Revenue YoY
-15.5%
73.4%
Net Profit YoY
-47.0%
EPS (diluted)
$0.30
$0.04

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
TVTX
TVTX
Q4 25
$129.7M
Q3 25
$81.2M
$164.9M
Q2 25
$72.0M
$114.4M
Q1 25
$74.0M
$81.7M
Q4 24
$74.8M
Q3 24
$96.1M
$62.9M
Q2 24
$121.3M
$54.1M
Q1 24
$106.3M
$41.4M
Net Profit
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
$12.8M
$25.7M
Q2 25
$9.6M
$-12.8M
Q1 25
$6.3M
$-41.2M
Q4 24
Q3 24
$24.1M
$-54.8M
Q2 24
$62.7M
$-70.4M
Q1 24
$39.2M
$-136.1M
Gross Margin
ASC
ASC
TVTX
TVTX
Q4 25
98.0%
Q3 25
99.0%
Q2 25
98.7%
Q1 25
94.3%
Q4 24
96.6%
Q3 24
97.4%
Q2 24
96.2%
Q1 24
96.4%
Operating Margin
ASC
ASC
TVTX
TVTX
Q4 25
-25.0%
Q3 25
16.1%
15.1%
Q2 25
13.5%
-11.1%
Q1 25
8.6%
-52.2%
Q4 24
-81.2%
Q3 24
25.4%
-89.3%
Q2 24
51.3%
-125.1%
Q1 24
37.2%
-336.5%
Net Margin
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
15.7%
15.6%
Q2 25
13.3%
-11.1%
Q1 25
8.5%
-50.4%
Q4 24
Q3 24
25.1%
-87.1%
Q2 24
51.7%
-130.1%
Q1 24
36.9%
-328.9%
EPS (diluted)
ASC
ASC
TVTX
TVTX
Q4 25
$0.04
Q3 25
$0.30
$0.28
Q2 25
$0.22
$-0.14
Q1 25
$0.14
$-0.47
Q4 24
$-0.71
Q3 24
$0.55
$-0.70
Q2 24
$1.47
$-0.91
Q1 24
$0.92
$-1.76

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
TVTX
TVTX
Cash + ST InvestmentsLiquidity on hand
$93.0M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$114.8M
Total Assets
$799.8M
$605.2M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
TVTX
TVTX
Q4 25
$93.0M
Q3 25
$110.9M
Q2 25
$75.2M
Q1 25
$61.9M
Q4 24
$58.5M
Q3 24
$36.4M
Q2 24
$32.3M
Q1 24
$43.3M
Total Debt
ASC
ASC
TVTX
TVTX
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
TVTX
TVTX
Q4 25
$114.8M
Q3 25
$628.2M
$73.6M
Q2 25
$618.3M
$32.7M
Q1 25
$610.7M
$32.8M
Q4 24
$59.1M
Q3 24
$627.0M
$-30.5M
Q2 24
$617.7M
$15.1M
Q1 24
$567.9M
$74.1M
Total Assets
ASC
ASC
TVTX
TVTX
Q4 25
$605.2M
Q3 25
$799.8M
$538.6M
Q2 25
$703.8M
$555.3M
Q1 25
$690.4M
$548.8M
Q4 24
$594.1M
Q3 24
$722.8M
$504.4M
Q2 24
$742.0M
$551.1M
Q1 24
$704.1M
$663.5M
Debt / Equity
ASC
ASC
TVTX
TVTX
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
TVTX
TVTX
Operating Cash FlowLast quarter
$17.9M
$60.7M
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
TVTX
TVTX
Q4 25
$60.7M
Q3 25
$17.9M
$14.3M
Q2 25
$11.2M
$5.0M
Q1 25
$26.3M
$-42.2M
Q4 24
$-35.7M
Q3 24
$39.9M
$-42.5M
Q2 24
$48.4M
$-40.2M
Q1 24
$49.2M
$-119.0M
Free Cash Flow
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
$14.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-40.3M
Q1 24
FCF Margin
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
8.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-74.5%
Q1 24
Capex Intensity
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
0.1%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
ASC
ASC
TVTX
TVTX
Q4 25
Q3 25
1.40×
0.56×
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.

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

TVTX
TVTX

FILSPARI$103.3M80%
Tiopronin Products$23.3M18%
License$3.1M2%

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