vs

Side-by-side financial comparison of Himalaya Shipping Ltd. (HSHP) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Himalaya Shipping Ltd. is the larger business by last-quarter revenue ($29.9M vs $17.3M, roughly 1.7× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 3.7%, a 63.6% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% 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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

HSHP vs SLGL — Head-to-Head

Bigger by revenue
HSHP
HSHP
1.7× larger
HSHP
$29.9M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+221.9% gap
SLGL
217.7%
-4.2%
HSHP
Higher net margin
SLGL
SLGL
63.6% more per $
SLGL
67.3%
3.7%
HSHP

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
HSHP
HSHP
SLGL
SLGL
Revenue
$29.9M
$17.3M
Net Profit
$1.1M
$11.6M
Gross Margin
76.3%
Operating Margin
45.5%
65.1%
Net Margin
3.7%
67.3%
Revenue YoY
-4.2%
217.7%
Net Profit YoY
-84.1%
487.6%
EPS (diluted)
$0.02
$4.17

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
SLGL
SLGL
Q2 25
$29.9M
$17.3M
Q2 24
$31.2M
$5.4M
Q2 23
$594.0K
Q2 22
$3.5M
Net Profit
HSHP
HSHP
SLGL
SLGL
Q2 25
$1.1M
$11.6M
Q2 24
$6.9M
$2.0M
Q2 23
$-6.0M
Q2 22
$-134.0K
Gross Margin
HSHP
HSHP
SLGL
SLGL
Q2 25
76.3%
Q2 24
82.1%
Q2 23
Q2 22
Operating Margin
HSHP
HSHP
SLGL
SLGL
Q2 25
45.5%
65.1%
Q2 24
56.1%
29.9%
Q2 23
-1098.8%
Q2 22
-13.2%
Net Margin
HSHP
HSHP
SLGL
SLGL
Q2 25
3.7%
67.3%
Q2 24
22.1%
36.4%
Q2 23
-1005.1%
Q2 22
-3.8%
EPS (diluted)
HSHP
HSHP
SLGL
SLGL
Q2 25
$0.02
$4.17
Q2 24
$0.16
$0.71
Q2 23
$-0.22
Q2 22
$0.01

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.7M
$24.3M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$159.3M
$31.9M
Total Assets
$871.9M
$39.3M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
SLGL
SLGL
Q2 25
$24.7M
$24.3M
Q2 24
$21.9M
$26.5M
Q2 23
$33.5M
Q2 22
$15.6M
Total Debt
HSHP
HSHP
SLGL
SLGL
Q2 25
$701.3M
Q2 24
$725.5M
Q2 23
Q2 22
Stockholders' Equity
HSHP
HSHP
SLGL
SLGL
Q2 25
$159.3M
$31.9M
Q2 24
$157.2M
$34.9M
Q2 23
$48.3M
Q2 22
$50.4M
Total Assets
HSHP
HSHP
SLGL
SLGL
Q2 25
$871.9M
$39.3M
Q2 24
$897.3M
$42.0M
Q2 23
$55.1M
Q2 22
$55.0M
Debt / Equity
HSHP
HSHP
SLGL
SLGL
Q2 25
4.40×
Q2 24
4.61×
Q2 23
Q2 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
SLGL
SLGL
Operating Cash FlowLast quarter
$8.3M
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
SLGL
SLGL
Q2 25
$8.3M
Q2 24
$17.6M
Q2 23
$-8.3M
Q2 22
Free Cash Flow
HSHP
HSHP
SLGL
SLGL
Q2 25
Q2 24
Q2 23
$-8.4M
Q2 22
FCF Margin
HSHP
HSHP
SLGL
SLGL
Q2 25
Q2 24
Q2 23
-1419.0%
Q2 22
Capex Intensity
HSHP
HSHP
SLGL
SLGL
Q2 25
Q2 24
Q2 23
15.8%
Q2 22
Cash Conversion
HSHP
HSHP
SLGL
SLGL
Q2 25
7.55×
Q2 24
2.55×
Q2 23
Q2 22

Financial Flow Comparison

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

Related Comparisons