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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and Navigator Holdings Ltd. (NVGS). Click either name above to swap in a different company.

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $71.0M, roughly 1.8× Cheer Holding, Inc.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 10.9%, a 5.6% gap on every dollar of revenue. On growth, Cheer Holding, Inc. posted the faster year-over-year revenue change (-0.1% vs -11.6%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

CHR vs NVGS — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.8× larger
NVGS
$129.6M
$71.0M
CHR
Growing faster (revenue YoY)
CHR
CHR
+11.5% gap
CHR
-0.1%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
5.6% more per $
NVGS
16.5%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
CHR
CHR
NVGS
NVGS
Revenue
$71.0M
$129.6M
Net Profit
$7.8M
$21.5M
Gross Margin
70.7%
Operating Margin
11.7%
15.8%
Net Margin
10.9%
16.5%
Revenue YoY
-0.1%
-11.6%
Net Profit YoY
-37.5%
-7.7%
EPS (diluted)
$0.67
$0.31

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
CHR
CHR
NVGS
NVGS
Q2 25
$71.0M
$129.6M
Q2 24
$71.1M
$146.7M
Q2 23
$135.3M
Q2 22
$123.9M
Net Profit
CHR
CHR
NVGS
NVGS
Q2 25
$7.8M
$21.5M
Q2 24
$12.4M
$23.2M
Q2 23
$26.6M
Q2 22
$14.0M
Gross Margin
CHR
CHR
NVGS
NVGS
Q2 25
70.7%
Q2 24
73.4%
Q2 23
Q2 22
Operating Margin
CHR
CHR
NVGS
NVGS
Q2 25
11.7%
15.8%
Q2 24
16.4%
26.9%
Q2 23
26.6%
Q2 22
13.5%
Net Margin
CHR
CHR
NVGS
NVGS
Q2 25
10.9%
16.5%
Q2 24
17.5%
15.8%
Q2 23
19.7%
Q2 22
11.3%
EPS (diluted)
CHR
CHR
NVGS
NVGS
Q2 25
$0.67
$0.31
Q2 24
$1.23
$0.32
Q2 23
$0.36
Q2 22
$0.18

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
NVGS
NVGS
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$1.2B
Total Assets
$362.7M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
NVGS
NVGS
Q2 25
$238.1M
Q2 24
$186.1M
Q2 23
Q2 22
$143.6M
Stockholders' Equity
CHR
CHR
NVGS
NVGS
Q2 25
$322.1M
$1.2B
Q2 24
$286.1M
$1.2B
Q2 23
$1.2B
Q2 22
$1.2B
Total Assets
CHR
CHR
NVGS
NVGS
Q2 25
$362.7M
$2.4B
Q2 24
$333.2M
$2.1B
Q2 23
$2.3B
Q2 22
$2.1B

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
NVGS
NVGS
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
NVGS
NVGS
Q2 25
$3.9M
Q2 24
$-6.7M
Q2 23
Q2 22
Cash Conversion
CHR
CHR
NVGS
NVGS
Q2 25
0.51×
Q2 24
-0.54×
Q2 23
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

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