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Side-by-side financial comparison of McEwen Inc. (MUX) and Performance Shipping Inc. (PSHG). Click either name above to swap in a different company.

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $39.5M, roughly 1.6× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs 59.0%, a 38.5% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs -7.9%).

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

Azerbaijan Caspian Shipping Closed Joint-Stock Company is a state-owned Azerbaijani shipping company. It is also known by its Russian-derived abbreviation CASPAR.

MUX vs PSHG — Head-to-Head

Bigger by revenue
MUX
MUX
1.6× larger
MUX
$64.6M
$39.5M
PSHG
Growing faster (revenue YoY)
MUX
MUX
+100.7% gap
MUX
92.8%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
38.5% more per $
PSHG
97.5%
59.0%
MUX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MUX
MUX
PSHG
PSHG
Revenue
$64.6M
$39.5M
Net Profit
$38.1M
$38.5M
Gross Margin
26.9%
Operating Margin
34.2%
93.3%
Net Margin
59.0%
97.5%
Revenue YoY
92.8%
-7.9%
Net Profit YoY
563.1%
78.1%
EPS (diluted)
$0.66
$1.00

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
MUX
MUX
PSHG
PSHG
Q4 25
$64.6M
Q3 25
$50.5M
Q2 25
$46.7M
$39.5M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$52.3M
Q2 24
$47.5M
$42.9M
Q1 24
$41.2M
Net Profit
MUX
MUX
PSHG
PSHG
Q4 25
$38.1M
Q3 25
$-462.0K
Q2 25
$3.0M
$38.5M
Q1 25
$-6.3M
Q4 24
$-8.2M
Q3 24
$-2.1M
Q2 24
$-13.0M
$21.6M
Q1 24
$-20.4M
Gross Margin
MUX
MUX
PSHG
PSHG
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
MUX
MUX
PSHG
PSHG
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
-7.2%
93.3%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
-29.4%
49.1%
Q1 24
-53.3%
Net Margin
MUX
MUX
PSHG
PSHG
Q4 25
59.0%
Q3 25
-0.9%
Q2 25
6.5%
97.5%
Q1 25
-17.6%
Q4 24
-24.6%
Q3 24
-4.0%
Q2 24
-27.4%
50.4%
Q1 24
-49.4%
EPS (diluted)
MUX
MUX
PSHG
PSHG
Q4 25
$0.66
Q3 25
$-0.01
Q2 25
$0.06
$1.00
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$-0.04
Q2 24
$-0.26
$0.55
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
MUX
MUX
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$72.1M
$95.8M
Total DebtLower is stronger
$126.2M
$43.7M
Stockholders' EquityBook value
$546.2M
$312.8M
Total Assets
$820.2M
$363.8M
Debt / EquityLower = less leverage
0.23×
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MUX
MUX
PSHG
PSHG
Q4 25
$72.1M
Q3 25
$75.4M
Q2 25
$69.5M
$95.8M
Q1 25
$79.3M
Q4 24
$15.3M
Q3 24
$30.2M
Q2 24
$42.6M
$61.7M
Q1 24
$22.0M
Total Debt
MUX
MUX
PSHG
PSHG
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
$43.7M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
$51.2M
Q1 24
$37.0M
Stockholders' Equity
MUX
MUX
PSHG
PSHG
Q4 25
$546.2M
Q3 25
$488.6M
Q2 25
$484.5M
$312.8M
Q1 25
$479.8M
Q4 24
$495.0M
Q3 24
$502.1M
Q2 24
$485.2M
$254.0M
Q1 24
$482.5M
Total Assets
MUX
MUX
PSHG
PSHG
Q4 25
$820.2M
Q3 25
$747.6M
Q2 25
$735.6M
$363.8M
Q1 25
$730.6M
Q4 24
$664.6M
Q3 24
$667.8M
Q2 24
$645.1M
$310.5M
Q1 24
$638.7M
Debt / Equity
MUX
MUX
PSHG
PSHG
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
0.14×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
0.20×
Q1 24
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MUX
MUX
PSHG
PSHG
Operating Cash FlowLast quarter
$3.1M
$26.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
0.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUX
MUX
PSHG
PSHG
Q4 25
$3.1M
Q3 25
$5.2M
Q2 25
$478.0K
$26.8M
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$23.2M
Q2 24
$3.6M
$31.7M
Q1 24
$3.9M
Capex Intensity
MUX
MUX
PSHG
PSHG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.0%
Q1 24
Cash Conversion
MUX
MUX
PSHG
PSHG
Q4 25
0.08×
Q3 25
Q2 25
0.16×
0.70×
Q1 25
Q4 24
Q3 24
Q2 24
1.47×
Q1 24

Financial Flow Comparison

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

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