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

CTO Realty Growth, Inc. is the larger business by last-quarter revenue ($41.2M vs $29.9M, roughly 1.4× Himalaya Shipping Ltd.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs 3.7%, a 11.4% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -4.2%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs HSHP — Head-to-Head

Bigger by revenue
CTO
CTO
1.4× larger
CTO
$41.2M
$29.9M
HSHP
Growing faster (revenue YoY)
CTO
CTO
+19.1% gap
CTO
15.0%
-4.2%
HSHP
Higher net margin
CTO
CTO
11.4% more per $
CTO
15.1%
3.7%
HSHP

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CTO
CTO
HSHP
HSHP
Revenue
$41.2M
$29.9M
Net Profit
$6.2M
$1.1M
Gross Margin
76.3%
Operating Margin
175.0%
45.5%
Net Margin
15.1%
3.7%
Revenue YoY
15.0%
-4.2%
Net Profit YoY
174.4%
-84.1%
EPS (diluted)
$0.13
$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
CTO
CTO
HSHP
HSHP
Q1 26
$41.2M
Q4 25
$38.3M
Q3 25
$37.8M
Q2 25
$37.6M
$29.9M
Q1 25
$35.8M
Q4 24
$35.7M
Q3 24
$31.8M
Q2 24
$28.8M
$31.2M
Net Profit
CTO
CTO
HSHP
HSHP
Q1 26
$6.2M
Q4 25
$28.3M
Q3 25
$2.9M
Q2 25
$-23.4M
$1.1M
Q1 25
$2.3M
Q4 24
$-15.2M
Q3 24
$6.2M
Q2 24
$1.2M
$6.9M
Gross Margin
CTO
CTO
HSHP
HSHP
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
76.3%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
82.1%
Operating Margin
CTO
CTO
HSHP
HSHP
Q1 26
175.0%
Q4 25
75.1%
Q3 25
26.6%
Q2 25
-33.7%
45.5%
Q1 25
22.0%
Q4 24
-20.4%
Q3 24
15.6%
Q2 24
18.8%
56.1%
Net Margin
CTO
CTO
HSHP
HSHP
Q1 26
15.1%
Q4 25
73.9%
Q3 25
7.7%
Q2 25
-62.2%
3.7%
Q1 25
6.3%
Q4 24
-42.6%
Q3 24
19.6%
Q2 24
4.1%
22.1%
EPS (diluted)
CTO
CTO
HSHP
HSHP
Q1 26
$0.13
Q4 25
$0.81
Q3 25
$0.03
Q2 25
$-0.77
$0.02
Q1 25
$0.01
Q4 24
$-0.69
Q3 24
$0.17
Q2 24
$-0.03
$0.16

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
HSHP
HSHP
Cash + ST InvestmentsLiquidity on hand
$8.3M
$24.7M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$575.4M
$159.3M
Total Assets
$1.3B
$871.9M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
HSHP
HSHP
Q1 26
$8.3M
Q4 25
$6.5M
Q3 25
$9.3M
Q2 25
$8.6M
$24.7M
Q1 25
$8.4M
Q4 24
$9.0M
Q3 24
$8.2M
Q2 24
$4.8M
$21.9M
Total Debt
CTO
CTO
HSHP
HSHP
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
$701.3M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
$725.5M
Stockholders' Equity
CTO
CTO
HSHP
HSHP
Q1 26
$575.4M
Q4 25
$567.3M
Q3 25
$557.3M
Q2 25
$574.1M
$159.3M
Q1 25
$593.9M
Q4 24
$612.8M
Q3 24
$595.8M
Q2 24
$491.8M
$157.2M
Total Assets
CTO
CTO
HSHP
HSHP
Q1 26
$1.3B
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
$871.9M
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.0B
$897.3M
Debt / Equity
CTO
CTO
HSHP
HSHP
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
4.40×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×
4.61×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
HSHP
HSHP
Operating Cash FlowLast quarter
$8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
HSHP
HSHP
Q1 26
Q4 25
$64.6M
Q3 25
$25.5M
Q2 25
$21.9M
$8.3M
Q1 25
$10.3M
Q4 24
$59.9M
Q3 24
$21.2M
Q2 24
$12.9M
$17.6M
Cash Conversion
CTO
CTO
HSHP
HSHP
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
7.55×
Q1 25
4.56×
Q4 24
Q3 24
3.40×
Q2 24
10.89×
2.55×

Financial Flow Comparison

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

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