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

Via Renewables, Inc. is the larger business by last-quarter revenue ($127.8M vs $81.2M, roughly 1.6× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs 5.4%, a 10.4% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs -15.5%). Over the past eight quarters, Via Renewables, Inc.'s revenue compounded faster (5.9% 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.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

ASC vs VIASP — Head-to-Head

Bigger by revenue
VIASP
VIASP
1.6× larger
VIASP
$127.8M
$81.2M
ASC
Growing faster (revenue YoY)
VIASP
VIASP
+38.0% gap
VIASP
22.5%
-15.5%
ASC
Higher net margin
ASC
ASC
10.4% more per $
ASC
15.7%
5.4%
VIASP
Faster 2-yr revenue CAGR
VIASP
VIASP
Annualised
VIASP
5.9%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
VIASP
VIASP
Revenue
$81.2M
$127.8M
Net Profit
$12.8M
$6.9M
Gross Margin
34.4%
Operating Margin
16.1%
15.2%
Net Margin
15.7%
5.4%
Revenue YoY
-15.5%
22.5%
Net Profit YoY
-47.0%
-30.9%
EPS (diluted)
$0.30
$1.19

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
VIASP
VIASP
Q4 25
$127.8M
Q3 25
$81.2M
$103.3M
Q2 25
$72.0M
$90.0M
Q1 25
$74.0M
$142.3M
Q4 24
$104.3M
Q3 24
$96.1M
$93.8M
Q2 24
$121.3M
$86.7M
Q1 24
$106.3M
$114.1M
Net Profit
ASC
ASC
VIASP
VIASP
Q4 25
$6.9M
Q3 25
$12.8M
$757.0K
Q2 25
$9.6M
$2.7M
Q1 25
$6.3M
$8.8M
Q4 24
$9.9M
Q3 24
$24.1M
$2.1M
Q2 24
$62.7M
$7.6M
Q1 24
$39.2M
$8.6M
Gross Margin
ASC
ASC
VIASP
VIASP
Q4 25
34.4%
Q3 25
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
Q3 24
26.8%
Q2 24
50.4%
Q1 24
39.5%
Operating Margin
ASC
ASC
VIASP
VIASP
Q4 25
15.2%
Q3 25
16.1%
3.1%
Q2 25
13.5%
6.7%
Q1 25
8.6%
17.5%
Q4 24
31.5%
Q3 24
25.4%
5.3%
Q2 24
51.3%
23.8%
Q1 24
37.2%
22.6%
Net Margin
ASC
ASC
VIASP
VIASP
Q4 25
5.4%
Q3 25
15.7%
0.7%
Q2 25
13.3%
3.0%
Q1 25
8.5%
6.2%
Q4 24
9.5%
Q3 24
25.1%
2.3%
Q2 24
51.7%
8.8%
Q1 24
36.9%
7.5%
EPS (diluted)
ASC
ASC
VIASP
VIASP
Q4 25
$1.19
Q3 25
$0.30
$-0.41
Q2 25
$0.22
$0.09
Q1 25
$0.14
$1.83
Q4 24
$2.33
Q3 24
$0.55
$-0.17
Q2 24
$1.47
$1.51
Q1 24
$0.92
$1.81

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$41.8M
Total DebtLower is stronger
$116.1M
$120.0M
Stockholders' EquityBook value
$628.2M
$67.7M
Total Assets
$799.8M
$331.3M
Debt / EquityLower = less leverage
0.18×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
VIASP
VIASP
Q4 25
$41.8M
Q3 25
$53.6M
Q2 25
$62.1M
Q1 25
$64.7M
Q4 24
$53.1M
Q3 24
$66.6M
Q2 24
$53.6M
Q1 24
$50.4M
Total Debt
ASC
ASC
VIASP
VIASP
Q4 25
$120.0M
Q3 25
$116.1M
$105.0M
Q2 25
$25.0M
$100.0M
Q1 25
$20.5M
$101.0M
Q4 24
$106.0M
Q3 24
$22.5M
$89.0M
Q2 24
$44.2M
$93.0M
Q1 24
$23.1M
$91.0M
Stockholders' Equity
ASC
ASC
VIASP
VIASP
Q4 25
$67.7M
Q3 25
$628.2M
$63.7M
Q2 25
$618.3M
$68.2M
Q1 25
$610.7M
$72.7M
Q4 24
$66.7M
Q3 24
$627.0M
$58.2M
Q2 24
$617.7M
$58.3M
Q1 24
$567.9M
$53.2M
Total Assets
ASC
ASC
VIASP
VIASP
Q4 25
$331.3M
Q3 25
$799.8M
$304.8M
Q2 25
$703.8M
$316.3M
Q1 25
$690.4M
$347.4M
Q4 24
$344.9M
Q3 24
$722.8M
$298.4M
Q2 24
$742.0M
$299.7M
Q1 24
$704.1M
$302.7M
Debt / Equity
ASC
ASC
VIASP
VIASP
Q4 25
1.77×
Q3 25
0.18×
1.65×
Q2 25
0.04×
1.47×
Q1 25
0.03×
1.39×
Q4 24
1.59×
Q3 24
0.04×
1.53×
Q2 24
0.07×
1.60×
Q1 24
0.04×
1.71×

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
VIASP
VIASP
Operating Cash FlowLast quarter
$17.9M
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.40×
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
VIASP
VIASP
Q4 25
$-4.2M
Q3 25
$17.9M
$2.4M
Q2 25
$11.2M
$19.0M
Q1 25
$26.3M
$24.9M
Q4 24
$2.0M
Q3 24
$39.9M
$20.1M
Q2 24
$48.4M
$11.2M
Q1 24
$49.2M
$17.1M
Free Cash Flow
ASC
ASC
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$19.7M
Q2 24
$10.9M
Q1 24
$16.6M
FCF Margin
ASC
ASC
VIASP
VIASP
Q4 25
-3.7%
Q3 25
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
21.0%
Q2 24
12.6%
Q1 24
14.6%
Capex Intensity
ASC
ASC
VIASP
VIASP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
ASC
ASC
VIASP
VIASP
Q4 25
-0.61×
Q3 25
1.40×
3.12×
Q2 25
1.17×
6.94×
Q1 25
4.20×
2.84×
Q4 24
0.20×
Q3 24
1.65×
9.41×
Q2 24
0.77×
1.47×
Q1 24
1.25×
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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