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Side-by-side financial comparison of Himalaya Shipping Ltd. (HSHP) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.

Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $29.9M, roughly 1.9× Himalaya Shipping Ltd.). Himalaya Shipping Ltd. runs the higher net margin — 3.7% vs -3.0%, a 6.7% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

HSHP vs STRR — Head-to-Head

Bigger by revenue
STRR
STRR
1.9× larger
STRR
$56.8M
$29.9M
HSHP
Growing faster (revenue YoY)
STRR
STRR
+73.2% gap
STRR
69.0%
-4.2%
HSHP
Higher net margin
HSHP
HSHP
6.7% more per $
HSHP
3.7%
-3.0%
STRR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
HSHP
HSHP
STRR
STRR
Revenue
$29.9M
$56.8M
Net Profit
$1.1M
$-1.7M
Gross Margin
76.3%
Operating Margin
45.5%
-0.2%
Net Margin
3.7%
-3.0%
Revenue YoY
-4.2%
69.0%
Net Profit YoY
-84.1%
-192.1%
EPS (diluted)
$0.02
$-0.49

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
STRR
STRR
Q4 25
$56.8M
Q3 25
$48.0M
Q2 25
$29.9M
$35.5M
Q1 25
$31.9M
Q4 24
$33.6M
Q3 24
$36.9M
Q2 24
$31.2M
$35.7M
Q1 24
$33.9M
Net Profit
HSHP
HSHP
STRR
STRR
Q4 25
$-1.7M
Q3 25
$-1.8M
Q2 25
$1.1M
$-688.0K
Q1 25
$-1.8M
Q4 24
$-585.0K
Q3 24
$-846.0K
Q2 24
$6.9M
$-441.0K
Q1 24
$-2.9M
Gross Margin
HSHP
HSHP
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
76.3%
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
82.1%
Q1 24
Operating Margin
HSHP
HSHP
STRR
STRR
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
45.5%
-0.6%
Q1 25
-5.4%
Q4 24
-0.4%
Q3 24
-1.2%
Q2 24
56.1%
-0.5%
Q1 24
-9.0%
Net Margin
HSHP
HSHP
STRR
STRR
Q4 25
-3.0%
Q3 25
-3.7%
Q2 25
3.7%
-1.9%
Q1 25
-5.5%
Q4 24
-1.7%
Q3 24
-2.3%
Q2 24
22.1%
-1.2%
Q1 24
-8.6%
EPS (diluted)
HSHP
HSHP
STRR
STRR
Q4 25
$-0.49
Q3 25
$-0.54
Q2 25
$0.02
$-0.23
Q1 25
$-0.59
Q4 24
$-0.21
Q3 24
$-0.28
Q2 24
$0.16
$-0.15
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$24.7M
$10.3M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$159.3M
$65.7M
Total Assets
$871.9M
$113.2M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
STRR
STRR
Q4 25
$10.3M
Q3 25
$15.4M
Q2 25
$24.7M
$16.8M
Q1 25
$16.6M
Q4 24
$17.0M
Q3 24
$15.8M
Q2 24
$21.9M
$14.7M
Q1 24
$20.4M
Total Debt
HSHP
HSHP
STRR
STRR
Q4 25
Q3 25
$6.5M
Q2 25
$701.3M
Q1 25
Q4 24
$0
Q3 24
Q2 24
$725.5M
Q1 24
Stockholders' Equity
HSHP
HSHP
STRR
STRR
Q4 25
$65.7M
Q3 25
$67.8M
Q2 25
$159.3M
$40.1M
Q1 25
$39.5M
Q4 24
$40.4M
Q3 24
$42.9M
Q2 24
$157.2M
$42.6M
Q1 24
$44.3M
Total Assets
HSHP
HSHP
STRR
STRR
Q4 25
$113.2M
Q3 25
$117.1M
Q2 25
$871.9M
$55.6M
Q1 25
$53.2M
Q4 24
$52.6M
Q3 24
$52.6M
Q2 24
$897.3M
$52.6M
Q1 24
$52.6M
Debt / Equity
HSHP
HSHP
STRR
STRR
Q4 25
Q3 25
0.10×
Q2 25
4.40×
Q1 25
Q4 24
0.00×
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
STRR
STRR
Operating Cash FlowLast quarter
$8.3M
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
7.55×
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSHP
HSHP
STRR
STRR
Q4 25
$-7.3M
Q3 25
$-2.7M
Q2 25
$8.3M
$139.0K
Q1 25
$-802.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$17.6M
$-4.3M
Q1 24
$-1.8M
Free Cash Flow
HSHP
HSHP
STRR
STRR
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
HSHP
HSHP
STRR
STRR
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
HSHP
HSHP
STRR
STRR
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
HSHP
HSHP
STRR
STRR
Q4 25
Q3 25
Q2 25
7.55×
Q1 25
Q4 24
Q3 24
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.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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