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Side-by-side financial comparison of Himalaya Shipping Ltd. (HSHP) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.

Orange County Bancorp, Inc. is the larger business by last-quarter revenue ($33.0M vs $29.9M, roughly 1.1× Himalaya Shipping Ltd.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs 3.7%, a 34.0% gap on every dollar of revenue. On growth, Orange County Bancorp, Inc. posted the faster year-over-year revenue change (20.6% vs -4.2%).

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.

Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.

HSHP vs OBT — Head-to-Head

Bigger by revenue
OBT
OBT
1.1× larger
OBT
$33.0M
$29.9M
HSHP
Growing faster (revenue YoY)
OBT
OBT
+24.8% gap
OBT
20.6%
-4.2%
HSHP
Higher net margin
OBT
OBT
34.0% more per $
OBT
37.6%
3.7%
HSHP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
HSHP
HSHP
OBT
OBT
Revenue
$29.9M
$33.0M
Net Profit
$1.1M
$12.4M
Gross Margin
76.3%
Operating Margin
45.5%
41.4%
Net Margin
3.7%
37.6%
Revenue YoY
-4.2%
20.6%
Net Profit YoY
-84.1%
73.5%
EPS (diluted)
$0.02
$0.94

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
OBT
OBT
Q4 25
$33.0M
Q3 25
$33.7M
Q2 25
$29.9M
$32.5M
Q1 25
$28.0M
Q4 24
$27.4M
Q3 24
$27.1M
Q2 24
$31.2M
$27.9M
Q1 24
$25.3M
Net Profit
HSHP
HSHP
OBT
OBT
Q4 25
$12.4M
Q3 25
$10.0M
Q2 25
$1.1M
$10.5M
Q1 25
$8.7M
Q4 24
$7.2M
Q3 24
$3.2M
Q2 24
$6.9M
$8.2M
Q1 24
$9.3M
Gross Margin
HSHP
HSHP
OBT
OBT
Q4 25
Q3 25
Q2 25
76.3%
Q1 25
Q4 24
Q3 24
Q2 24
82.1%
Q1 24
Operating Margin
HSHP
HSHP
OBT
OBT
Q4 25
41.4%
Q3 25
38.6%
Q2 25
45.5%
41.9%
Q1 25
40.3%
Q4 24
32.8%
Q3 24
14.8%
Q2 24
56.1%
36.6%
Q1 24
45.9%
Net Margin
HSHP
HSHP
OBT
OBT
Q4 25
37.6%
Q3 25
29.7%
Q2 25
3.7%
32.2%
Q1 25
31.1%
Q4 24
26.2%
Q3 24
11.8%
Q2 24
22.1%
29.4%
Q1 24
36.7%
EPS (diluted)
HSHP
HSHP
OBT
OBT
Q4 25
$0.94
Q3 25
$0.75
Q2 25
$0.02
$0.87
Q1 25
$0.77
Q4 24
$0.64
Q3 24
$0.28
Q2 24
$0.16
$0.73
Q1 24
$0.82

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
OBT
OBT
Cash + ST InvestmentsLiquidity on hand
$24.7M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$159.3M
$284.4M
Total Assets
$871.9M
$2.7B
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
OBT
OBT
Q4 25
Q3 25
Q2 25
$24.7M
Q1 25
Q4 24
Q3 24
Q2 24
$21.9M
Q1 24
Total Debt
HSHP
HSHP
OBT
OBT
Q4 25
Q3 25
Q2 25
$701.3M
Q1 25
Q4 24
Q3 24
Q2 24
$725.5M
Q1 24
Stockholders' Equity
HSHP
HSHP
OBT
OBT
Q4 25
$284.4M
Q3 25
$270.1M
Q2 25
$159.3M
$252.6M
Q1 25
$201.3M
Q4 24
$185.5M
Q3 24
$193.1M
Q2 24
$157.2M
$177.5M
Q1 24
$168.7M
Total Assets
HSHP
HSHP
OBT
OBT
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$871.9M
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$897.3M
$2.5B
Q1 24
$2.5B
Debt / Equity
HSHP
HSHP
OBT
OBT
Q4 25
Q3 25
Q2 25
4.40×
Q1 25
Q4 24
Q3 24
Q2 24
4.61×
Q1 24

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
OBT
OBT
Operating Cash FlowLast quarter
$8.3M
$43.8M
Free Cash FlowOCF − Capex
$41.3M
FCF MarginFCF / Revenue
125.1%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
7.55×
3.53×
TTM Free Cash FlowTrailing 4 quarters
$69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSHP
HSHP
OBT
OBT
Q4 25
$43.8M
Q3 25
$30.2M
Q2 25
$8.3M
$-5.0M
Q1 25
$4.8M
Q4 24
$34.6M
Q3 24
$10.2M
Q2 24
$17.6M
$9.3M
Q1 24
$2.3M
Free Cash Flow
HSHP
HSHP
OBT
OBT
Q4 25
$41.3M
Q3 25
$29.6M
Q2 25
$-5.7M
Q1 25
$4.3M
Q4 24
$32.9M
Q3 24
$10.0M
Q2 24
$9.2M
Q1 24
$2.0M
FCF Margin
HSHP
HSHP
OBT
OBT
Q4 25
125.1%
Q3 25
87.8%
Q2 25
-17.5%
Q1 25
15.5%
Q4 24
120.0%
Q3 24
36.7%
Q2 24
32.8%
Q1 24
7.9%
Capex Intensity
HSHP
HSHP
OBT
OBT
Q4 25
7.6%
Q3 25
1.8%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
6.3%
Q3 24
1.1%
Q2 24
0.4%
Q1 24
1.0%
Cash Conversion
HSHP
HSHP
OBT
OBT
Q4 25
3.53×
Q3 25
3.01×
Q2 25
7.55×
-0.47×
Q1 25
0.56×
Q4 24
4.83×
Q3 24
3.19×
Q2 24
2.55×
1.13×
Q1 24
0.24×

Financial Flow Comparison

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

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