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

Himalaya Shipping Ltd. is the larger business by last-quarter revenue ($29.9M vs $13.3M, roughly 2.3× OceanPal Inc.). Himalaya Shipping Ltd. runs the higher net margin — 3.7% vs -62.9%, a 66.6% gap on every dollar of revenue.

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.

Ocean Software Limited was a British software development company that became one of the biggest European video game developers and publishers of the 1980s and 1990s.

HSHP vs SVRN — Head-to-Head

Bigger by revenue
HSHP
HSHP
2.3× larger
HSHP
$29.9M
$13.3M
SVRN
Higher net margin
HSHP
HSHP
66.6% more per $
HSHP
3.7%
-62.9%
SVRN

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
HSHP
HSHP
SVRN
SVRN
Revenue
$29.9M
$13.3M
Net Profit
$1.1M
$-8.4M
Gross Margin
76.3%
Operating Margin
45.5%
-62.3%
Net Margin
3.7%
-62.9%
Revenue YoY
-4.2%
Net Profit YoY
-84.1%
EPS (diluted)
$0.02
$32.11

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
SVRN
SVRN
Q2 25
$29.9M
Q4 24
$13.3M
Q2 24
$31.2M
Net Profit
HSHP
HSHP
SVRN
SVRN
Q2 25
$1.1M
Q4 24
$-8.4M
Q2 24
$6.9M
Gross Margin
HSHP
HSHP
SVRN
SVRN
Q2 25
76.3%
Q4 24
Q2 24
82.1%
Operating Margin
HSHP
HSHP
SVRN
SVRN
Q2 25
45.5%
Q4 24
-62.3%
Q2 24
56.1%
Net Margin
HSHP
HSHP
SVRN
SVRN
Q2 25
3.7%
Q4 24
-62.9%
Q2 24
22.1%
EPS (diluted)
HSHP
HSHP
SVRN
SVRN
Q2 25
$0.02
Q4 24
$32.11
Q2 24
$0.16

Balance Sheet & Financial Strength

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

Metric
HSHP
HSHP
SVRN
SVRN
Cash + ST InvestmentsLiquidity on hand
$24.7M
$7.2M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$159.3M
$84.4M
Total Assets
$871.9M
$89.5M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSHP
HSHP
SVRN
SVRN
Q2 25
$24.7M
Q4 24
$7.2M
Q2 24
$21.9M
Total Debt
HSHP
HSHP
SVRN
SVRN
Q2 25
$701.3M
Q4 24
Q2 24
$725.5M
Stockholders' Equity
HSHP
HSHP
SVRN
SVRN
Q2 25
$159.3M
Q4 24
$84.4M
Q2 24
$157.2M
Total Assets
HSHP
HSHP
SVRN
SVRN
Q2 25
$871.9M
Q4 24
$89.5M
Q2 24
$897.3M
Debt / Equity
HSHP
HSHP
SVRN
SVRN
Q2 25
4.40×
Q4 24
Q2 24
4.61×

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
SVRN
SVRN
Operating Cash FlowLast quarter
$8.3M
$-3.5M
Free Cash FlowOCF − Capex
$-22.4M
FCF MarginFCF / Revenue
-169.0%
Capex IntensityCapex / Revenue
142.4%
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
SVRN
SVRN
Q2 25
$8.3M
Q4 24
$-3.5M
Q2 24
$17.6M
Free Cash Flow
HSHP
HSHP
SVRN
SVRN
Q2 25
Q4 24
$-22.4M
Q2 24
FCF Margin
HSHP
HSHP
SVRN
SVRN
Q2 25
Q4 24
-169.0%
Q2 24
Capex Intensity
HSHP
HSHP
SVRN
SVRN
Q2 25
Q4 24
142.4%
Q2 24
Cash Conversion
HSHP
HSHP
SVRN
SVRN
Q2 25
7.55×
Q4 24
Q2 24
2.55×

Financial Flow Comparison

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

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