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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Performance Shipping Inc. (PSHG), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $65.8K, roughly 4980.5× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 21.4% vs 51.7%, a 30.4% gap on every dollar of revenue.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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

NMM vs PSHG — Head-to-Head

Bigger by revenue
NMM
NMM
4980.5× larger
NMM
$327.6M
$65.8K
PSHG
Higher net margin
PSHG
PSHG
30.4% more per $
PSHG
51.7%
21.4%
NMM

Income Statement — Q2 2025 vs Q3 2025

Metric
NMM
NMM
PSHG
PSHG
Revenue
$327.6M
$65.8K
Net Profit
$69.9M
$34.0K
Gross Margin
90.5%
Operating Margin
50.0%
Net Margin
21.4%
51.7%
Revenue YoY
-4.3%
Net Profit YoY
-31.1%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
NMM
NMM
PSHG
PSHG
Q3 25
$65.8K
Q2 25
$327.6M
$39.5M
Q1 25
$22.4K
Q3 24
$85.1K
Q2 24
$342.2M
$42.9M
Q1 24
$29.5K
Q2 23
$346.9M
Q2 22
$280.7M
Net Profit
NMM
NMM
PSHG
PSHG
Q3 25
$34.0K
Q2 25
$69.9M
$38.5M
Q1 25
$11.4K
Q3 24
$44.5K
Q2 24
$101.5M
$21.6M
Q1 24
$15.7K
Q2 23
$112.3M
Q2 22
$118.2M
Gross Margin
NMM
NMM
PSHG
PSHG
Q3 25
Q2 25
90.5%
Q1 25
Q3 24
Q2 24
88.3%
Q1 24
Q2 23
87.9%
Q2 22
92.3%
Operating Margin
NMM
NMM
PSHG
PSHG
Q3 25
50.0%
Q2 25
93.3%
Q1 25
50.3%
Q3 24
58.0%
Q2 24
49.1%
Q1 24
59.2%
Q2 23
Q2 22
Net Margin
NMM
NMM
PSHG
PSHG
Q3 25
51.7%
Q2 25
21.4%
97.5%
Q1 25
51.1%
Q3 24
52.2%
Q2 24
29.7%
50.4%
Q1 24
53.2%
Q2 23
32.4%
Q2 22
42.1%
EPS (diluted)
NMM
NMM
PSHG
PSHG
Q3 25
Q2 25
$1.00
Q1 25
Q3 24
Q2 24
$0.55
Q1 24
Q2 23
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
NMM
NMM
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$377.0M
$71.3K
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$275.2K
Total Assets
$5.9B
$330.4K
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
NMM
NMM
PSHG
PSHG
Q3 25
$71.3K
Q2 25
$377.0M
$95.8M
Q1 25
$71.3K
Q3 24
$68.3K
Q2 24
$272.0M
$61.7M
Q1 24
$68.3K
Q2 23
$261.4M
Q2 22
$163.4M
Total Debt
NMM
NMM
PSHG
PSHG
Q3 25
Q2 25
$2.0B
$43.7M
Q1 25
Q3 24
Q2 24
$1.4B
$51.2M
Q1 24
Q2 23
$1.6B
Q2 22
$1.1B
Stockholders' Equity
NMM
NMM
PSHG
PSHG
Q3 25
$275.2K
Q2 25
$312.8M
Q1 25
$275.2K
Q3 24
$233.2K
Q2 24
$254.0M
Q1 24
$233.2K
Q2 23
$2.6B
Q2 22
$2.0B
Total Assets
NMM
NMM
PSHG
PSHG
Q3 25
$330.4K
Q2 25
$5.9B
$363.8M
Q1 25
$330.4K
Q3 24
$296.3K
Q2 24
$5.3B
$310.5M
Q1 24
$296.3K
Q2 23
$5.0B
Q2 22
$3.7B
Debt / Equity
NMM
NMM
PSHG
PSHG
Q3 25
Q2 25
0.14×
Q1 25
Q3 24
Q2 24
0.20×
Q1 24
Q2 23
0.64×
Q2 22
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
NMM
NMM
PSHG
PSHG
Operating Cash FlowLast quarter
$47.8K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue; lower = less reinvestment burden
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
1.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
NMM
NMM
PSHG
PSHG
Q3 25
$47.8K
Q2 25
$26.8M
Q1 25
$17.3K
Q3 24
$58.7K
Q2 24
$31.7M
Q1 24
$18.7K
Q2 23
Q2 22
Capex Intensity
NMM
NMM
PSHG
PSHG
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
0.0%
Q1 24
Q2 23
Q2 22
Cash Conversion
NMM
NMM
PSHG
PSHG
Q3 25
1.41×
Q2 25
0.70×
Q1 25
1.52×
Q3 24
1.32×
Q2 24
1.47×
Q1 24
1.19×
Q2 23
Q2 22

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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