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Side-by-side financial comparison of Navigator Holdings Ltd. (NVGS) and Nayax Ltd. (NYAX). Click either name above to swap in a different company.

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $78.1M, roughly 1.7× Nayax Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs -3.9%, a 20.4% gap on every dollar of revenue. On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs -11.6%).

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

NVGS vs NYAX — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.7× larger
NVGS
$129.6M
$78.1M
NYAX
Growing faster (revenue YoY)
NYAX
NYAX
+50.7% gap
NYAX
39.0%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
20.4% more per $
NVGS
16.5%
-3.9%
NYAX

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
NVGS
NVGS
NYAX
NYAX
Revenue
$129.6M
$78.1M
Net Profit
$21.5M
$-3.0M
Gross Margin
44.3%
Operating Margin
15.8%
1.2%
Net Margin
16.5%
-3.9%
Revenue YoY
-11.6%
39.0%
Net Profit YoY
-7.7%
24.2%
EPS (diluted)
$0.31
$-0.08

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
NVGS
NVGS
NYAX
NYAX
Q2 25
$129.6M
Q2 24
$146.7M
$78.1M
Q2 23
$135.3M
$56.2M
Q2 22
$123.9M
Net Profit
NVGS
NVGS
NYAX
NYAX
Q2 25
$21.5M
Q2 24
$23.2M
$-3.0M
Q2 23
$26.6M
$-4.0M
Q2 22
$14.0M
Gross Margin
NVGS
NVGS
NYAX
NYAX
Q2 25
Q2 24
44.3%
Q2 23
37.1%
Q2 22
Operating Margin
NVGS
NVGS
NYAX
NYAX
Q2 25
15.8%
Q2 24
26.9%
1.2%
Q2 23
26.6%
-6.6%
Q2 22
13.5%
Net Margin
NVGS
NVGS
NYAX
NYAX
Q2 25
16.5%
Q2 24
15.8%
-3.9%
Q2 23
19.7%
-7.1%
Q2 22
11.3%
EPS (diluted)
NVGS
NVGS
NYAX
NYAX
Q2 25
$0.31
Q2 24
$0.32
$-0.08
Q2 23
$0.36
$-0.12
Q2 22
$0.18

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$238.1M
$61.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$158.7M
Total Assets
$2.4B
$434.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
NYAX
NYAX
Q2 25
$238.1M
Q2 24
$61.9M
Q2 23
$31.1M
Q2 22
$143.6M
Stockholders' Equity
NVGS
NVGS
NYAX
NYAX
Q2 25
$1.2B
Q2 24
$1.2B
$158.7M
Q2 23
$1.2B
$100.0M
Q2 22
$1.2B
Total Assets
NVGS
NVGS
NYAX
NYAX
Q2 25
$2.4B
Q2 24
$2.1B
$434.7M
Q2 23
$2.3B
$261.8M
Q2 22
$2.1B

Cash Flow & Capital Efficiency

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

Metric
NVGS
NVGS
NYAX
NYAX
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
NYAX
NYAX
Q2 25
Q2 24
$9.2M
Q2 23
$-1.7M
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

NYAX
NYAX

Segment breakdown not available.

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