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Side-by-side financial comparison of Hafnia Ltd (HAFN) and ODYSSEY MARINE EXPLORATION INC (OMEX). Click either name above to swap in a different company.

ODYSSEY MARINE EXPLORATION INC is the larger business by last-quarter revenue ($61.0K vs $31.0K, roughly 2.0× Hafnia Ltd).

Hafnia Ltd is a leading global shipping firm focused on operating product and chemical tanker fleets. It transports diverse bulk liquid cargoes including refined petroleum products, specialty chemicals, and edible oils, catering to clients across the energy, chemical manufacturing, and agricultural commodity industries worldwide.

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Their work has been featured on the Discovery Channel, PBS and National Geographic.

HAFN vs OMEX — Head-to-Head

Bigger by revenue
OMEX
OMEX
2.0× larger
OMEX
$61.0K
$31.0K
HAFN

Income Statement — Q1 FY2024 vs Q3 FY2025

Metric
HAFN
HAFN
OMEX
OMEX
Revenue
$31.0K
$61.0K
Net Profit
$-13.1M
Gross Margin
Operating Margin
-3494.4%
Net Margin
-21439.5%
Revenue YoY
-71.5%
Net Profit YoY
-170.0%
EPS (diluted)
$-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
HAFN
HAFN
OMEX
OMEX
Q3 25
$61.0K
Q2 25
$135.0K
Q1 25
$135.0K
Q4 24
$136.1K
Q3 24
$213.9K
Q2 24
$215.6K
Q1 24
$31.0K
$203.1K
Net Profit
HAFN
HAFN
OMEX
OMEX
Q3 25
$-13.1M
Q2 25
$-14.8M
Q1 25
$2.2M
Q4 24
$-5.0M
Q3 24
$18.7M
Q2 24
$-1.5M
Q1 24
$3.5M
Operating Margin
HAFN
HAFN
OMEX
OMEX
Q3 25
-3494.4%
Q2 25
-3241.0%
Q1 25
-1648.6%
Q4 24
-1031.0%
Q3 24
-1340.9%
Q2 24
-1399.1%
Q1 24
-2323.0%
Net Margin
HAFN
HAFN
OMEX
OMEX
Q3 25
-21439.5%
Q2 25
-10998.5%
Q1 25
1660.4%
Q4 24
-3673.4%
Q3 24
8736.9%
Q2 24
-708.4%
Q1 24
1722.6%
EPS (diluted)
HAFN
HAFN
OMEX
OMEX
Q3 25
$-0.31
Q2 25
$-0.48
Q1 25
$0.01
Q4 24
$0.19
Q3 24
$0.13
Q2 24
$-0.07
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
HAFN
HAFN
OMEX
OMEX
Cash + ST InvestmentsLiquidity on hand
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-45.4M
Total Assets
$17.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFN
HAFN
OMEX
OMEX
Q3 25
$5.8M
Q2 25
$3.6M
Q1 25
$2.5M
Q4 24
$4.8M
Q3 24
$2.9M
Q2 24
$7.6M
Q1 24
$2.1M
Stockholders' Equity
HAFN
HAFN
OMEX
OMEX
Q3 25
$-45.4M
Q2 25
$-52.8M
Q1 25
$-13.9M
Q4 24
$-16.2M
Q3 24
$-16.1M
Q2 24
$-35.7M
Q1 24
$-35.1M
Total Assets
HAFN
HAFN
OMEX
OMEX
Q3 25
$17.7M
Q2 25
$16.6M
Q1 25
$15.8M
Q4 24
$18.5M
Q3 24
$21.8M
Q2 24
$26.3M
Q1 24
$20.6M

Cash Flow & Capital Efficiency

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

Metric
HAFN
HAFN
OMEX
OMEX
Operating Cash FlowLast quarter
$-2.1M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-3438.2%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAFN
HAFN
OMEX
OMEX
Q3 25
$-2.1M
Q2 25
$-2.0M
Q1 25
$-2.0M
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.7M
Free Cash Flow
HAFN
HAFN
OMEX
OMEX
Q3 25
$-2.1M
Q2 25
Q1 25
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.8M
FCF Margin
HAFN
HAFN
OMEX
OMEX
Q3 25
-3438.2%
Q2 25
Q1 25
Q4 24
-1302.1%
Q3 24
-728.7%
Q2 24
2605.0%
Q1 24
-873.2%
Capex Intensity
HAFN
HAFN
OMEX
OMEX
Q3 25
2.6%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
3.0%
Q3 24
1.9%
Q2 24
9.1%
Q1 24
51.2%
Cash Conversion
HAFN
HAFN
OMEX
OMEX
Q3 25
Q2 25
Q1 25
-0.87×
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24
-0.48×

Financial Flow Comparison

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

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