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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $76.2M, roughly 1.1× VIEMED HEALTHCARE, INC.). Ardmore Shipping Corp runs the higher net margin — 15.7% vs 7.4%, a 8.3% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -15.5%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

ASC vs VMD — Head-to-Head

Bigger by revenue
ASC
ASC
1.1× larger
ASC
$81.2M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+41.0% gap
VMD
25.5%
-15.5%
ASC
Higher net margin
ASC
ASC
8.3% more per $
ASC
15.7%
7.4%
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
VMD
VMD
Revenue
$81.2M
$76.2M
Net Profit
$12.8M
$5.6M
Gross Margin
57.9%
Operating Margin
16.1%
11.0%
Net Margin
15.7%
7.4%
Revenue YoY
-15.5%
25.5%
Net Profit YoY
-47.0%
30.7%
EPS (diluted)
$0.30
$0.14

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
VMD
VMD
Q4 25
$76.2M
Q3 25
$81.2M
$71.9M
Q2 25
$72.0M
$63.1M
Q1 25
$74.0M
$59.1M
Q4 24
$60.7M
Q3 24
$96.1M
$58.0M
Q2 24
$121.3M
$55.0M
Q1 24
$106.3M
$50.6M
Net Profit
ASC
ASC
VMD
VMD
Q4 25
$5.6M
Q3 25
$12.8M
$3.5M
Q2 25
$9.6M
$3.2M
Q1 25
$6.3M
$2.6M
Q4 24
$4.3M
Q3 24
$24.1M
$3.9M
Q2 24
$62.7M
$1.5M
Q1 24
$39.2M
$1.6M
Gross Margin
ASC
ASC
VMD
VMD
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
ASC
ASC
VMD
VMD
Q4 25
11.0%
Q3 25
16.1%
7.8%
Q2 25
13.5%
8.1%
Q1 25
8.6%
6.5%
Q4 24
10.6%
Q3 24
25.4%
9.7%
Q2 24
51.3%
6.6%
Q1 24
37.2%
4.4%
Net Margin
ASC
ASC
VMD
VMD
Q4 25
7.4%
Q3 25
15.7%
4.9%
Q2 25
13.3%
5.0%
Q1 25
8.5%
4.4%
Q4 24
7.1%
Q3 24
25.1%
6.7%
Q2 24
51.7%
2.7%
Q1 24
36.9%
3.2%
EPS (diluted)
ASC
ASC
VMD
VMD
Q4 25
$0.14
Q3 25
$0.30
$0.09
Q2 25
$0.22
$0.08
Q1 25
$0.14
$0.06
Q4 24
$0.10
Q3 24
$0.55
$0.10
Q2 24
$1.47
$0.04
Q1 24
$0.92
$0.04

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$13.5M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$141.5M
Total Assets
$799.8M
$199.2M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
VMD
VMD
Q4 25
$13.5M
Q3 25
$11.1M
Q2 25
$20.0M
Q1 25
$10.2M
Q4 24
$17.5M
Q3 24
$11.3M
Q2 24
$8.8M
Q1 24
$7.3M
Total Debt
ASC
ASC
VMD
VMD
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
VMD
VMD
Q4 25
$141.5M
Q3 25
$628.2M
$133.6M
Q2 25
$618.3M
$139.7M
Q1 25
$610.7M
$134.8M
Q4 24
$131.4M
Q3 24
$627.0M
$125.0M
Q2 24
$617.7M
$119.4M
Q1 24
$567.9M
$116.3M
Total Assets
ASC
ASC
VMD
VMD
Q4 25
$199.2M
Q3 25
$799.8M
$202.4M
Q2 25
$703.8M
$184.6M
Q1 25
$690.4M
$178.1M
Q4 24
$177.1M
Q3 24
$722.8M
$169.5M
Q2 24
$742.0M
$163.9M
Q1 24
$704.1M
$154.9M
Debt / Equity
ASC
ASC
VMD
VMD
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
VMD
VMD
Operating Cash FlowLast quarter
$17.9M
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
1.40×
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
VMD
VMD
Q4 25
$18.4M
Q3 25
$17.9M
$18.4M
Q2 25
$11.2M
$12.3M
Q1 25
$26.3M
$2.9M
Q4 24
$15.0M
Q3 24
$39.9M
$12.7M
Q2 24
$48.4M
$10.2M
Q1 24
$49.2M
$1.2M
Free Cash Flow
ASC
ASC
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
ASC
ASC
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
ASC
ASC
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
ASC
ASC
VMD
VMD
Q4 25
3.27×
Q3 25
1.40×
5.23×
Q2 25
1.17×
3.88×
Q1 25
4.20×
1.09×
Q4 24
3.47×
Q3 24
1.65×
3.29×
Q2 24
0.77×
6.94×
Q1 24
1.25×
0.73×

Financial Flow Comparison

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

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