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Side-by-side financial comparison of Biofrontera Inc. (BFRI) and Himalaya Shipping Ltd. (HSHP). Click either name above to swap in a different company.

Himalaya Shipping Ltd. is the larger business by last-quarter revenue ($29.9M vs $17.1M, roughly 1.7× Biofrontera Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs 3.7%, a 29.3% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs -4.2%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

Himalaya Shipping Ltd. is a global maritime transportation enterprise focused on dry bulk shipping operations. It operates a fleet of modern, fuel-efficient bulk carriers that transport key commodities including iron ore, coal, grain and other bulk raw materials, serving core trade routes across Asia, Europe, and the Americas to support global industrial and agricultural supply chain flows.

BFRI vs HSHP — Head-to-Head

Bigger by revenue
HSHP
HSHP
1.7× larger
HSHP
$29.9M
$17.1M
BFRI
Growing faster (revenue YoY)
BFRI
BFRI
+40.3% gap
BFRI
36.2%
-4.2%
HSHP
Higher net margin
BFRI
BFRI
29.3% more per $
BFRI
33.0%
3.7%
HSHP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BFRI
BFRI
HSHP
HSHP
Revenue
$17.1M
$29.9M
Net Profit
$5.6M
$1.1M
Gross Margin
76.3%
Operating Margin
26.6%
45.5%
Net Margin
33.0%
3.7%
Revenue YoY
36.2%
-4.2%
Net Profit YoY
504.0%
-84.1%
EPS (diluted)
$0.62
$0.02

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
BFRI
BFRI
HSHP
HSHP
Q4 25
$17.1M
Q3 25
$7.0M
Q2 25
$9.0M
$29.9M
Q1 25
$8.6M
Q4 24
$12.6M
Q3 24
$9.0M
Q2 24
$7.8M
$31.2M
Q1 24
$7.9M
Net Profit
BFRI
BFRI
HSHP
HSHP
Q4 25
$5.6M
Q3 25
$-6.6M
Q2 25
$-5.3M
$1.1M
Q1 25
$-4.2M
Q4 24
$-1.4M
Q3 24
$-5.7M
Q2 24
$-257.0K
$6.9M
Q1 24
$-10.4M
Gross Margin
BFRI
BFRI
HSHP
HSHP
Q4 25
Q3 25
Q2 25
76.3%
Q1 25
Q4 24
Q3 24
Q2 24
82.1%
Q1 24
Operating Margin
BFRI
BFRI
HSHP
HSHP
Q4 25
26.6%
Q3 25
-89.8%
Q2 25
-56.2%
45.5%
Q1 25
-52.9%
Q4 24
-13.6%
Q3 24
-55.0%
Q2 24
-64.7%
56.1%
Q1 24
-69.1%
Net Margin
BFRI
BFRI
HSHP
HSHP
Q4 25
33.0%
Q3 25
-95.1%
Q2 25
-59.0%
3.7%
Q1 25
-48.9%
Q4 24
-11.1%
Q3 24
-62.9%
Q2 24
-3.3%
22.1%
Q1 24
-131.9%
EPS (diluted)
BFRI
BFRI
HSHP
HSHP
Q4 25
$0.62
Q3 25
$-0.62
Q2 25
$-0.57
$0.02
Q1 25
$-0.47
Q4 24
$0.69
Q3 24
$-0.98
Q2 24
$-0.05
$0.16
Q1 24
$-2.88

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
HSHP
HSHP
Cash + ST InvestmentsLiquidity on hand
$6.4M
$24.7M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$10.5M
$159.3M
Total Assets
$28.6M
$871.9M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
HSHP
HSHP
Q4 25
$6.4M
Q3 25
$3.4M
Q2 25
$7.2M
$24.7M
Q1 25
$1.8M
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$4.4M
$21.9M
Q1 24
$3.8M
Total Debt
BFRI
BFRI
HSHP
HSHP
Q4 25
Q3 25
Q2 25
$701.3M
Q1 25
Q4 24
Q3 24
Q2 24
$725.5M
Q1 24
Stockholders' Equity
BFRI
BFRI
HSHP
HSHP
Q4 25
$10.5M
Q3 25
$-2.6M
Q2 25
$-4.7M
$159.3M
Q1 25
$500.0K
Q4 24
$4.4M
Q3 24
$5.5M
Q2 24
$10.9M
$157.2M
Q1 24
$-5.4M
Total Assets
BFRI
BFRI
HSHP
HSHP
Q4 25
$28.6M
Q3 25
$15.4M
Q2 25
$20.1M
$871.9M
Q1 25
$16.6M
Q4 24
$22.1M
Q3 24
$18.5M
Q2 24
$21.6M
$897.3M
Q1 24
$24.6M
Debt / Equity
BFRI
BFRI
HSHP
HSHP
Q4 25
Q3 25
Q2 25
4.40×
Q1 25
Q4 24
Q3 24
Q2 24
4.61×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFRI
BFRI
HSHP
HSHP
Operating Cash FlowLast quarter
$-2.4M
$8.3M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.42×
7.55×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
HSHP
HSHP
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
$8.3M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
$-1.2M
Q2 24
$-4.7M
$17.6M
Q1 24
$-3.3M
Free Cash Flow
BFRI
BFRI
HSHP
HSHP
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
Q2 24
$-4.8M
Q1 24
$-3.4M
FCF Margin
BFRI
BFRI
HSHP
HSHP
Q4 25
-13.9%
Q3 25
-54.7%
Q2 25
-33.7%
Q1 25
-48.0%
Q4 24
-8.1%
Q3 24
Q2 24
-60.8%
Q1 24
-42.7%
Capex Intensity
BFRI
BFRI
HSHP
HSHP
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.7%
Cash Conversion
BFRI
BFRI
HSHP
HSHP
Q4 25
-0.42×
Q3 25
Q2 25
7.55×
Q1 25
Q4 24
Q3 24
Q2 24
2.55×
Q1 24

Financial Flow Comparison

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

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