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

Performance Shipping Inc. is the larger business by last-quarter revenue ($39.5M vs $37.8M, roughly 1.0× Neptune Insurance Holdings Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs 0.1%, a 97.4% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -7.9%).

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

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

NP vs PSHG — Head-to-Head

Bigger by revenue
PSHG
PSHG
1.0× larger
PSHG
$39.5M
$37.8M
NP
Growing faster (revenue YoY)
NP
NP
+36.7% gap
NP
28.8%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
97.4% more per $
PSHG
97.5%
0.1%
NP

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
NP
NP
PSHG
PSHG
Revenue
$37.8M
$39.5M
Net Profit
$50.0K
$38.5M
Gross Margin
Operating Margin
93.3%
Net Margin
0.1%
97.5%
Revenue YoY
28.8%
-7.9%
Net Profit YoY
0.0%
78.1%
EPS (diluted)
$0.05
$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
NP
NP
PSHG
PSHG
Q1 26
$37.8M
Q3 25
$44.4M
Q2 25
$39.5M
Q3 24
$33.8M
Q2 24
$42.9M
Net Profit
NP
NP
PSHG
PSHG
Q1 26
$50.0K
Q3 25
$11.5M
Q2 25
$38.5M
Q3 24
$12.1M
Q2 24
$21.6M
Operating Margin
NP
NP
PSHG
PSHG
Q1 26
Q3 25
46.7%
Q2 25
93.3%
Q3 24
58.6%
Q2 24
49.1%
Net Margin
NP
NP
PSHG
PSHG
Q1 26
0.1%
Q3 25
25.9%
Q2 25
97.5%
Q3 24
35.8%
Q2 24
50.4%
EPS (diluted)
NP
NP
PSHG
PSHG
Q1 26
$0.05
Q3 25
$0.06
Q2 25
$1.00
Q3 24
$0.06
Q2 24
$0.55

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
PSHG
PSHG
Q1 26
Q3 25
$12.2M
Q2 25
$95.8M
Q3 24
Q2 24
$61.7M
Total Debt
NP
NP
PSHG
PSHG
Q1 26
Q3 25
$247.6M
Q2 25
$43.7M
Q3 24
Q2 24
$51.2M
Stockholders' Equity
NP
NP
PSHG
PSHG
Q1 26
Q3 25
$-509.5M
Q2 25
$312.8M
Q3 24
$-374.3M
Q2 24
$254.0M
Total Assets
NP
NP
PSHG
PSHG
Q1 26
Q3 25
$89.6M
Q2 25
$363.8M
Q3 24
Q2 24
$310.5M
Debt / Equity
NP
NP
PSHG
PSHG
Q1 26
Q3 25
Q2 25
0.14×
Q3 24
Q2 24
0.20×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NP
NP
PSHG
PSHG
Q1 26
Q3 25
$38.9M
Q2 25
$26.8M
Q3 24
Q2 24
$31.7M
Capex Intensity
NP
NP
PSHG
PSHG
Q1 26
Q3 25
Q2 25
Q3 24
Q2 24
0.0%
Cash Conversion
NP
NP
PSHG
PSHG
Q1 26
Q3 25
3.38×
Q2 25
0.70×
Q3 24
Q2 24
1.47×

Financial Flow Comparison

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

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