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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) 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 $93.1M, roughly 1.4× HIVE Digital Technologies Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs -98.1%, a 114.6% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -11.6%).

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

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.

HIVE vs NVGS — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.4× larger
NVGS
$129.6M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+230.2% gap
HIVE
218.6%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
114.6% more per $
NVGS
16.5%
-98.1%
HIVE

Income Statement — Q3 FY2026 vs Q2 FY2025

Metric
HIVE
HIVE
NVGS
NVGS
Revenue
$93.1M
$129.6M
Net Profit
$-91.3M
$21.5M
Gross Margin
-27.1%
Operating Margin
15.8%
Net Margin
-98.1%
16.5%
Revenue YoY
218.6%
-11.6%
Net Profit YoY
-234.0%
-7.7%
EPS (diluted)
$-0.38
$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
HIVE
HIVE
NVGS
NVGS
Q4 25
$93.1M
Q3 25
$87.3M
Q2 25
$45.6M
$129.6M
Q4 24
$29.2M
Q3 24
$22.6M
Q2 24
$32.2M
$146.7M
Q4 23
$22.8M
Q2 23
$135.3M
Net Profit
HIVE
HIVE
NVGS
NVGS
Q4 25
$-91.3M
Q3 25
$-15.8M
Q2 25
$35.0M
$21.5M
Q4 24
$68.2M
Q3 24
$80.0K
Q2 24
$-18.3M
$23.2M
Q4 23
$-24.5M
Q2 23
$26.6M
Gross Margin
HIVE
HIVE
NVGS
NVGS
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q4 23
-52.3%
Q2 23
Operating Margin
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
15.8%
Q4 24
Q3 24
Q2 24
26.9%
Q4 23
Q2 23
26.6%
Net Margin
HIVE
HIVE
NVGS
NVGS
Q4 25
-98.1%
Q3 25
-18.1%
Q2 25
76.8%
16.5%
Q4 24
233.2%
Q3 24
0.4%
Q2 24
-56.7%
15.8%
Q4 23
-107.8%
Q2 23
19.7%
EPS (diluted)
HIVE
HIVE
NVGS
NVGS
Q4 25
$-0.38
Q3 25
$-0.07
Q2 25
$0.18
$0.31
Q4 24
$0.52
Q3 24
$0.00
Q2 24
$-0.17
$0.32
Q4 23
$-0.29
Q2 23
$0.36

Balance Sheet & Financial Strength

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

Metric
HIVE
HIVE
NVGS
NVGS
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$559.3M
$1.2B
Total Assets
$624.0M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
$238.1M
Q4 24
$40.5M
Q3 24
$31.7M
Q2 24
Q4 23
$4.5M
Q2 23
Stockholders' Equity
HIVE
HIVE
NVGS
NVGS
Q4 25
$559.3M
Q3 25
$624.6M
Q2 25
$560.5M
$1.2B
Q4 24
$430.9M
Q3 24
$275.5M
Q2 24
$268.6M
$1.2B
Q4 23
$122.9M
Q2 23
$1.2B
Total Assets
HIVE
HIVE
NVGS
NVGS
Q4 25
$624.0M
Q3 25
$693.0M
Q2 25
$628.7M
$2.4B
Q4 24
$478.6M
Q3 24
$334.7M
Q2 24
$2.1B
Q4 23
Q2 23
$2.3B

Cash Flow & Capital Efficiency

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

Metric
HIVE
HIVE
NVGS
NVGS
Operating Cash FlowLast quarter
$46.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIVE
HIVE
NVGS
NVGS
Q4 25
$46.0M
Q3 25
$-10.6M
Q2 25
$10.2M
Q4 24
$-28.5M
Q3 24
$-2.2M
Q2 24
$-4.4M
Q4 23
Q2 23
Free Cash Flow
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q4 23
Q2 23
FCF Margin
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q4 23
Q2 23
Capex Intensity
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
Q4 24
92.5%
Q3 24
143.9%
Q2 24
Q4 23
Q2 23
Cash Conversion
HIVE
HIVE
NVGS
NVGS
Q4 25
Q3 25
Q2 25
0.29×
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24
Q4 23
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIVE
HIVE

Segment breakdown not available.

NVGS
NVGS

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

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