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

Orthofix Medical Inc. is the larger business by last-quarter revenue ($219.9M vs $129.6M, roughly 1.7× Navigator Holdings Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs -1.0%, a 17.6% gap on every dollar of revenue. On growth, Orthofix Medical Inc. posted the faster year-over-year revenue change (2.0% 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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

NVGS vs OFIX — Head-to-Head

Bigger by revenue
OFIX
OFIX
1.7× larger
OFIX
$219.9M
$129.6M
NVGS
Growing faster (revenue YoY)
OFIX
OFIX
+13.6% gap
OFIX
2.0%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
17.6% more per $
NVGS
16.5%
-1.0%
OFIX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
OFIX
OFIX
Revenue
$129.6M
$219.9M
Net Profit
$21.5M
$-2.2M
Gross Margin
71.1%
Operating Margin
15.8%
0.2%
Net Margin
16.5%
-1.0%
Revenue YoY
-11.6%
2.0%
Net Profit YoY
-7.7%
92.4%
EPS (diluted)
$0.31
$-0.05

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
OFIX
OFIX
Q4 25
$219.9M
Q3 25
$205.6M
Q2 25
$129.6M
$203.1M
Q1 25
$193.6M
Q4 24
$215.7M
Q3 24
$196.6M
Q2 24
$146.7M
$198.6M
Q1 24
$188.6M
Net Profit
NVGS
NVGS
OFIX
OFIX
Q4 25
$-2.2M
Q3 25
$-22.8M
Q2 25
$21.5M
$-14.1M
Q1 25
$-53.1M
Q4 24
$-29.1M
Q3 24
$-27.4M
Q2 24
$23.2M
$-33.4M
Q1 24
$-36.0M
Gross Margin
NVGS
NVGS
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
NVGS
NVGS
OFIX
OFIX
Q4 25
0.2%
Q3 25
-8.3%
Q2 25
15.8%
-7.9%
Q1 25
-25.2%
Q4 24
-5.3%
Q3 24
-9.6%
Q2 24
26.9%
-12.5%
Q1 24
-15.6%
Net Margin
NVGS
NVGS
OFIX
OFIX
Q4 25
-1.0%
Q3 25
-11.1%
Q2 25
16.5%
-6.9%
Q1 25
-27.4%
Q4 24
-13.5%
Q3 24
-13.9%
Q2 24
15.8%
-16.8%
Q1 24
-19.1%
EPS (diluted)
NVGS
NVGS
OFIX
OFIX
Q4 25
$-0.05
Q3 25
$-0.57
Q2 25
$0.31
$-0.36
Q1 25
$-1.35
Q4 24
$-0.76
Q3 24
$-0.71
Q2 24
$0.32
$-0.88
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$238.1M
$82.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$450.0M
Total Assets
$2.4B
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
OFIX
OFIX
Q4 25
$82.0M
Q3 25
$62.9M
Q2 25
$238.1M
$65.6M
Q1 25
$58.0M
Q4 24
$83.2M
Q3 24
$30.1M
Q2 24
$26.4M
Q1 24
$27.0M
Total Debt
NVGS
NVGS
OFIX
OFIX
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
NVGS
NVGS
OFIX
OFIX
Q4 25
$450.0M
Q3 25
$442.5M
Q2 25
$1.2B
$458.3M
Q1 25
$458.3M
Q4 24
$503.1M
Q3 24
$525.9M
Q2 24
$1.2B
$546.0M
Q1 24
$570.3M
Total Assets
NVGS
NVGS
OFIX
OFIX
Q4 25
$850.6M
Q3 25
$832.6M
Q2 25
$2.4B
$837.2M
Q1 25
$823.1M
Q4 24
$893.3M
Q3 24
$867.9M
Q2 24
$2.1B
$882.0M
Q1 24
$906.0M
Debt / Equity
NVGS
NVGS
OFIX
OFIX
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$27.7M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
OFIX
OFIX
Q4 25
$27.7M
Q3 25
$12.4M
Q2 25
$11.6M
Q1 25
$-18.4M
Q4 24
$23.7M
Q3 24
$11.7M
Q2 24
$9.0M
Q1 24
$-18.6M
Free Cash Flow
NVGS
NVGS
OFIX
OFIX
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
NVGS
NVGS
OFIX
OFIX
Q4 25
7.6%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
NVGS
NVGS
OFIX
OFIX
Q4 25
4.9%
Q3 25
4.8%
Q2 25
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%

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%

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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