vs

Side-by-side financial comparison of Himalaya Shipping Ltd. (HSHP) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.

Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $29.9M, roughly 1.3× Himalaya Shipping Ltd.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs 3.7%, a 265.0% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% 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.

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

HSHP vs ORC — Head-to-Head

Bigger by revenue
ORC
ORC
1.3× larger
ORC
$38.5M
$29.9M
HSHP
Growing faster (revenue YoY)
ORC
ORC
+376.8% gap
ORC
372.6%
-4.2%
HSHP
Higher net margin
ORC
ORC
265.0% more per $
ORC
268.7%
3.7%
HSHP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
HSHP
HSHP
ORC
ORC
Revenue
$29.9M
$38.5M
Net Profit
$1.1M
$103.4M
Gross Margin
76.3%
Operating Margin
45.5%
Net Margin
3.7%
268.7%
Revenue YoY
-4.2%
372.6%
Net Profit YoY
-84.1%
1764.9%
EPS (diluted)
$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
HSHP
HSHP
ORC
ORC
Q4 25
$38.5M
Q3 25
$26.9M
Q2 25
$29.9M
$23.2M
Q1 25
$19.7M
Q3 24
$340.0K
Q2 24
$31.2M
$-697.0K
Q1 24
$-2.5M
Q4 22
$2.4M
Net Profit
HSHP
HSHP
ORC
ORC
Q4 25
$103.4M
Q3 25
$72.1M
Q2 25
$1.1M
$-33.6M
Q1 25
$17.1M
Q3 24
$17.3M
Q2 24
$6.9M
$-5.0M
Q1 24
$19.8M
Q4 22
Gross Margin
HSHP
HSHP
ORC
ORC
Q4 25
Q3 25
Q2 25
76.3%
Q1 25
Q3 24
Q2 24
82.1%
Q1 24
Q4 22
Operating Margin
HSHP
HSHP
ORC
ORC
Q4 25
Q3 25
Q2 25
45.5%
Q1 25
Q3 24
Q2 24
56.1%
Q1 24
Q4 22
Net Margin
HSHP
HSHP
ORC
ORC
Q4 25
268.7%
Q3 25
267.8%
Q2 25
3.7%
-145.0%
Q1 25
86.9%
Q3 24
5094.1%
Q2 24
22.1%
714.3%
Q1 24
-794.2%
Q4 22
EPS (diluted)
HSHP
HSHP
ORC
ORC
Q4 25
Q3 25
Q2 25
$0.02
Q1 25
Q3 24
Q2 24
$0.16
Q1 24
Q4 22

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$24.7M
$665.9M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$159.3M
$1.4B
Total Assets
$871.9M
$11.7B
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
ORC
ORC
Q4 25
$665.9M
Q3 25
$583.9M
Q2 25
$24.7M
$440.8M
Q1 25
$396.4M
Q3 24
$322.1M
Q2 24
$21.9M
$241.0M
Q1 24
$190.4M
Q4 22
$205.7M
Total Debt
HSHP
HSHP
ORC
ORC
Q4 25
Q3 25
Q2 25
$701.3M
Q1 25
Q3 24
Q2 24
$725.5M
Q1 24
Q4 22
Stockholders' Equity
HSHP
HSHP
ORC
ORC
Q4 25
$1.4B
Q3 25
$1.1B
Q2 25
$159.3M
$912.0M
Q1 25
$855.9M
Q3 24
$656.0M
Q2 24
$157.2M
$555.9M
Q1 24
$481.6M
Q4 22
$438.8M
Total Assets
HSHP
HSHP
ORC
ORC
Q4 25
$11.7B
Q3 25
$9.1B
Q2 25
$871.9M
$7.6B
Q1 25
$7.3B
Q3 24
$5.9B
Q2 24
$897.3M
$4.9B
Q1 24
$4.2B
Q4 22
$3.9B
Debt / Equity
HSHP
HSHP
ORC
ORC
Q4 25
Q3 25
Q2 25
4.40×
Q1 25
Q3 24
Q2 24
4.61×
Q1 24
Q4 22

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
ORC
ORC
Operating Cash FlowLast quarter
$8.3M
$120.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.55×
1.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSHP
HSHP
ORC
ORC
Q4 25
$120.4M
Q3 25
$28.0M
Q2 25
$8.3M
$18.4M
Q1 25
$25.8M
Q3 24
$-14.8M
Q2 24
$17.6M
$19.3M
Q1 24
$45.0M
Q4 22
$289.4M
Cash Conversion
HSHP
HSHP
ORC
ORC
Q4 25
1.16×
Q3 25
0.39×
Q2 25
7.55×
Q1 25
1.51×
Q3 24
-0.86×
Q2 24
2.55×
Q1 24
2.28×
Q4 22

Financial Flow Comparison

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

Related Comparisons