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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

Xeris Biopharma Holdings, Inc. is the larger business by last-quarter revenue ($85.8M vs $81.2M, roughly 1.1× Ardmore Shipping Corp). Ardmore Shipping Corp runs the higher net margin — 15.7% vs 12.9%, a 2.8% gap on every dollar of revenue. On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs -15.5%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% 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.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

ASC vs XERS — Head-to-Head

Bigger by revenue
XERS
XERS
1.1× larger
XERS
$85.8M
$81.2M
ASC
Growing faster (revenue YoY)
XERS
XERS
+58.2% gap
XERS
42.8%
-15.5%
ASC
Higher net margin
ASC
ASC
2.8% more per $
ASC
15.7%
12.9%
XERS
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
XERS
XERS
Revenue
$81.2M
$85.8M
Net Profit
$12.8M
$11.1M
Gross Margin
Operating Margin
16.1%
19.5%
Net Margin
15.7%
12.9%
Revenue YoY
-15.5%
42.8%
Net Profit YoY
-47.0%
316.7%
EPS (diluted)
$0.30
$0.07

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
XERS
XERS
Q4 25
$85.8M
Q3 25
$81.2M
$74.4M
Q2 25
$72.0M
$71.5M
Q1 25
$74.0M
$60.1M
Q4 24
$60.1M
Q3 24
$96.1M
$54.3M
Q2 24
$121.3M
$48.1M
Q1 24
$106.3M
$40.6M
Net Profit
ASC
ASC
XERS
XERS
Q4 25
$11.1M
Q3 25
$12.8M
$621.0K
Q2 25
$9.6M
$-1.9M
Q1 25
$6.3M
$-9.2M
Q4 24
$-5.1M
Q3 24
$24.1M
$-15.7M
Q2 24
$62.7M
$-15.0M
Q1 24
$39.2M
$-19.0M
Operating Margin
ASC
ASC
XERS
XERS
Q4 25
19.5%
Q3 25
16.1%
9.0%
Q2 25
13.5%
6.3%
Q1 25
8.6%
-5.1%
Q4 24
2.8%
Q3 24
25.4%
-23.8%
Q2 24
51.3%
-17.0%
Q1 24
37.2%
-35.1%
Net Margin
ASC
ASC
XERS
XERS
Q4 25
12.9%
Q3 25
15.7%
0.8%
Q2 25
13.3%
-2.7%
Q1 25
8.5%
-15.3%
Q4 24
-8.5%
Q3 24
25.1%
-29.0%
Q2 24
51.7%
-31.2%
Q1 24
36.9%
-46.7%
EPS (diluted)
ASC
ASC
XERS
XERS
Q4 25
$0.07
Q3 25
$0.30
$0.00
Q2 25
$0.22
$-0.01
Q1 25
$0.14
$-0.06
Q4 24
$-0.02
Q3 24
$0.55
$-0.11
Q2 24
$1.47
$-0.10
Q1 24
$0.92
$-0.14

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$111.0M
Total DebtLower is stronger
$116.1M
$220.3M
Stockholders' EquityBook value
$628.2M
$13.7M
Total Assets
$799.8M
$383.5M
Debt / EquityLower = less leverage
0.18×
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
XERS
XERS
Q4 25
$111.0M
Q3 25
$91.6M
Q2 25
$59.3M
Q1 25
$58.4M
Q4 24
$71.6M
Q3 24
$69.4M
Q2 24
$77.6M
Q1 24
$87.4M
Total Debt
ASC
ASC
XERS
XERS
Q4 25
$220.3M
Q3 25
$116.1M
$219.5M
Q2 25
$25.0M
$218.6M
Q1 25
$20.5M
$229.8M
Q4 24
$232.1M
Q3 24
$22.5M
$216.2M
Q2 24
$44.2M
$230.5M
Q1 24
$23.1M
$229.7M
Stockholders' Equity
ASC
ASC
XERS
XERS
Q4 25
$13.7M
Q3 25
$628.2M
$-861.0K
Q2 25
$618.3M
$-19.3M
Q1 25
$610.7M
$-35.1M
Q4 24
$-29.6M
Q3 24
$627.0M
$-28.3M
Q2 24
$617.7M
$-19.3M
Q1 24
$567.9M
$-9.2M
Total Assets
ASC
ASC
XERS
XERS
Q4 25
$383.5M
Q3 25
$799.8M
$370.2M
Q2 25
$703.8M
$334.7M
Q1 25
$690.4M
$315.5M
Q4 24
$323.1M
Q3 24
$722.8M
$321.1M
Q2 24
$742.0M
$331.7M
Q1 24
$704.1M
$336.6M
Debt / Equity
ASC
ASC
XERS
XERS
Q4 25
16.10×
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
XERS
XERS
Operating Cash FlowLast quarter
$17.9M
$20.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
XERS
XERS
Q4 25
$20.0M
Q3 25
$17.9M
$18.4M
Q2 25
$11.2M
$182.0K
Q1 25
$26.3M
$-10.0M
Q4 24
$2.0M
Q3 24
$39.9M
$-8.3M
Q2 24
$48.4M
$-10.3M
Q1 24
$49.2M
$-20.3M
Cash Conversion
ASC
ASC
XERS
XERS
Q4 25
1.81×
Q3 25
1.40×
29.68×
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.

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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