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

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($225.6M vs $129.6M, roughly 1.7× Navigator Holdings Ltd.). Organogenesis Holdings Inc. runs the higher net margin — 19.4% vs 16.5%, a 2.8% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% 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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

NVGS vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
1.7× larger
ORGO
$225.6M
$129.6M
NVGS
Growing faster (revenue YoY)
ORGO
ORGO
+89.7% gap
ORGO
78.1%
-11.6%
NVGS
Higher net margin
ORGO
ORGO
2.8% more per $
ORGO
19.4%
16.5%
NVGS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
ORGO
ORGO
Revenue
$129.6M
$225.6M
Net Profit
$21.5M
$43.7M
Gross Margin
Operating Margin
15.8%
28.1%
Net Margin
16.5%
19.4%
Revenue YoY
-11.6%
78.1%
Net Profit YoY
-7.7%
469.5%
EPS (diluted)
$0.31
$0.31

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
ORGO
ORGO
Q4 25
$225.6M
Q3 25
$150.9M
Q2 25
$129.6M
$101.0M
Q1 25
$86.7M
Q4 24
$126.7M
Q3 24
$115.2M
Q2 24
$146.7M
$130.2M
Q1 24
$110.0M
Net Profit
NVGS
NVGS
ORGO
ORGO
Q4 25
$43.7M
Q3 25
$21.6M
Q2 25
$21.5M
$-9.4M
Q1 25
$-18.8M
Q4 24
$7.7M
Q3 24
$12.3M
Q2 24
$23.2M
$-17.0M
Q1 24
$-2.1M
Gross Margin
NVGS
NVGS
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Q1 24
73.9%
Operating Margin
NVGS
NVGS
ORGO
ORGO
Q4 25
28.1%
Q3 25
13.7%
Q2 25
15.8%
-12.5%
Q1 25
-30.9%
Q4 24
8.1%
Q3 24
5.4%
Q2 24
26.9%
-10.7%
Q1 24
-3.5%
Net Margin
NVGS
NVGS
ORGO
ORGO
Q4 25
19.4%
Q3 25
14.3%
Q2 25
16.5%
-9.3%
Q1 25
-21.7%
Q4 24
6.1%
Q3 24
10.7%
Q2 24
15.8%
-13.1%
Q1 24
-1.9%
EPS (diluted)
NVGS
NVGS
ORGO
ORGO
Q4 25
$0.31
Q3 25
$0.11
Q2 25
$0.31
$-0.10
Q1 25
$-0.17
Q4 24
$0.05
Q3 24
$0.09
Q2 24
$0.32
$-0.13
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$238.1M
$93.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$300.1M
Total Assets
$2.4B
$598.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
ORGO
ORGO
Q4 25
$93.7M
Q3 25
$63.7M
Q2 25
$238.1M
$73.1M
Q1 25
$110.0M
Q4 24
$135.6M
Q3 24
$94.3M
Q2 24
$89.9M
Q1 24
$88.6M
Total Debt
NVGS
NVGS
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Q1 24
$65.2M
Stockholders' Equity
NVGS
NVGS
ORGO
ORGO
Q4 25
$300.1M
Q3 25
$255.1M
Q2 25
$1.2B
$233.2M
Q1 25
$242.9M
Q4 24
$262.9M
Q3 24
$278.5M
Q2 24
$1.2B
$263.5M
Q1 24
$278.0M
Total Assets
NVGS
NVGS
ORGO
ORGO
Q4 25
$598.7M
Q3 25
$509.8M
Q2 25
$2.4B
$461.1M
Q1 25
$467.4M
Q4 24
$497.9M
Q3 24
$446.3M
Q2 24
$2.1B
$443.2M
Q1 24
$458.5M
Debt / Equity
NVGS
NVGS
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×
Q1 24
0.23×

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
ORGO
ORGO
Operating Cash FlowLast quarter
$39.4M
Free Cash FlowOCF − Capex
$34.8M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
0.90×
TTM Free Cash FlowTrailing 4 quarters
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
ORGO
ORGO
Q4 25
$39.4M
Q3 25
$3.1M
Q2 25
$-32.9M
Q1 25
$-19.9M
Q4 24
$10.9M
Q3 24
$8.7M
Q2 24
$4.7M
Q1 24
$-10.2M
Free Cash Flow
NVGS
NVGS
ORGO
ORGO
Q4 25
$34.8M
Q3 25
$844.0K
Q2 25
$-36.5M
Q1 25
$-23.6M
Q4 24
$7.6M
Q3 24
$6.1M
Q2 24
$2.9M
Q1 24
$-12.4M
FCF Margin
NVGS
NVGS
ORGO
ORGO
Q4 25
15.4%
Q3 25
0.6%
Q2 25
-36.1%
Q1 25
-27.2%
Q4 24
6.0%
Q3 24
5.3%
Q2 24
2.2%
Q1 24
-11.3%
Capex Intensity
NVGS
NVGS
ORGO
ORGO
Q4 25
2.1%
Q3 25
1.5%
Q2 25
3.6%
Q1 25
4.2%
Q4 24
2.7%
Q3 24
2.2%
Q2 24
1.4%
Q1 24
2.0%
Cash Conversion
NVGS
NVGS
ORGO
ORGO
Q4 25
0.90×
Q3 25
0.14×
Q2 25
Q1 25
Q4 24
1.43×
Q3 24
0.71×
Q2 24
Q1 24

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%

ORGO
ORGO

Segment breakdown not available.

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