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

Himalaya Shipping Ltd. is the larger business by last-quarter revenue ($29.9M vs $27.6M, roughly 1.1× Maison Solutions Inc.). Himalaya Shipping Ltd. runs the higher net margin — 3.7% vs -18.0%, a 21.7% gap on every dollar of revenue. On growth, Himalaya Shipping Ltd. posted the faster year-over-year revenue change (-4.2% vs -10.9%).

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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

HSHP vs MSS — Head-to-Head

Bigger by revenue
HSHP
HSHP
1.1× larger
HSHP
$29.9M
$27.6M
MSS
Growing faster (revenue YoY)
HSHP
HSHP
+6.8% gap
HSHP
-4.2%
-10.9%
MSS
Higher net margin
HSHP
HSHP
21.7% more per $
HSHP
3.7%
-18.0%
MSS

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
HSHP
HSHP
MSS
MSS
Revenue
$29.9M
$27.6M
Net Profit
$1.1M
$-5.0M
Gross Margin
76.3%
23.4%
Operating Margin
45.5%
-4.9%
Net Margin
3.7%
-18.0%
Revenue YoY
-4.2%
-10.9%
Net Profit YoY
-84.1%
-1840.5%
EPS (diluted)
$0.02
$-0.23

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
HSHP
HSHP
MSS
MSS
Q4 25
$27.6M
Q3 25
$27.2M
Q2 25
$29.9M
$34.4M
Q1 25
$32.3M
Q4 24
$29.4M
Q3 24
$28.2M
Q2 24
$31.2M
$16.9M
Q1 24
$13.6M
Net Profit
HSHP
HSHP
MSS
MSS
Q4 25
$-5.0M
Q3 25
$-1.5M
Q2 25
$1.1M
$-287.4K
Q1 25
$1.0M
Q4 24
$-256.0K
Q3 24
$700.9K
Q2 24
$6.9M
$-2.8M
Q1 24
$-549.0K
Gross Margin
HSHP
HSHP
MSS
MSS
Q4 25
23.4%
Q3 25
24.1%
Q2 25
76.3%
9.5%
Q1 25
21.8%
Q4 24
26.9%
Q3 24
28.9%
Q2 24
82.1%
13.0%
Q1 24
23.4%
Operating Margin
HSHP
HSHP
MSS
MSS
Q4 25
-4.9%
Q3 25
0.7%
Q2 25
45.5%
-15.9%
Q1 25
3.7%
Q4 24
3.2%
Q3 24
7.3%
Q2 24
56.1%
-14.4%
Q1 24
-2.3%
Net Margin
HSHP
HSHP
MSS
MSS
Q4 25
-18.0%
Q3 25
-5.7%
Q2 25
3.7%
-0.8%
Q1 25
3.1%
Q4 24
-0.9%
Q3 24
2.5%
Q2 24
22.1%
-16.4%
Q1 24
-4.0%
EPS (diluted)
HSHP
HSHP
MSS
MSS
Q4 25
$-0.23
Q3 25
$-0.08
Q2 25
$0.02
$-0.02
Q1 25
$0.06
Q4 24
$-0.01
Q3 24
$0.04
Q2 24
$0.16
$-0.16
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$24.7M
Total DebtLower is stronger
$701.3M
$2.6M
Stockholders' EquityBook value
$159.3M
$11.6M
Total Assets
$871.9M
$75.4M
Debt / EquityLower = less leverage
4.40×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
MSS
MSS
Q4 25
Q3 25
$1.1M
Q2 25
$24.7M
$775.4K
Q1 25
$445.4K
Q4 24
$355.7K
Q3 24
$588.9K
Q2 24
$21.9M
$2.1M
Q1 24
$9.4M
Total Debt
HSHP
HSHP
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$701.3M
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$725.5M
$2.6M
Q1 24
$2.6M
Stockholders' Equity
HSHP
HSHP
MSS
MSS
Q4 25
$11.6M
Q3 25
$10.1M
Q2 25
$159.3M
$11.7M
Q1 25
$12.0M
Q4 24
$10.9M
Q3 24
$11.2M
Q2 24
$157.2M
$10.5M
Q1 24
$13.3M
Total Assets
HSHP
HSHP
MSS
MSS
Q4 25
$75.4M
Q3 25
$73.3M
Q2 25
$871.9M
$77.4M
Q1 25
$82.7M
Q4 24
$82.7M
Q3 24
$82.1M
Q2 24
$897.3M
$82.4M
Q1 24
$44.2M
Debt / Equity
HSHP
HSHP
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
4.40×
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
4.61×
0.24×
Q1 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
HSHP
HSHP
MSS
MSS
Operating Cash FlowLast quarter
$8.3M
$-1.7M
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
HSHP
HSHP
MSS
MSS
Q4 25
$-1.7M
Q3 25
$1.1M
Q2 25
$8.3M
$-1.6M
Q1 25
$1.7M
Q4 24
$1.1M
Q3 24
$3.6M
Q2 24
$17.6M
$-2.6M
Q1 24
$-1.4M
Cash Conversion
HSHP
HSHP
MSS
MSS
Q4 25
Q3 25
Q2 25
7.55×
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
2.55×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSHP
HSHP

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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