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

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $129.6M, roughly 1.5× Navigator Holdings Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 6.7%, a 9.8% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

NVGS vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.5× larger
RGEN
$197.9M
$129.6M
NVGS
Growing faster (revenue YoY)
RGEN
RGEN
+25.3% gap
RGEN
13.6%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
9.8% more per $
NVGS
16.5%
6.7%
RGEN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
RGEN
RGEN
Revenue
$129.6M
$197.9M
Net Profit
$21.5M
$13.3M
Gross Margin
52.5%
Operating Margin
15.8%
9.0%
Net Margin
16.5%
6.7%
Revenue YoY
-11.6%
13.6%
Net Profit YoY
-7.7%
143.9%
EPS (diluted)
$0.31
$0.24

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
RGEN
RGEN
Q4 25
$197.9M
Q3 25
$188.8M
Q2 25
$129.6M
$182.4M
Q1 25
$169.2M
Q4 24
$174.1M
Q3 24
$154.9M
Q2 24
$146.7M
$154.1M
Q1 24
$151.3M
Net Profit
NVGS
NVGS
RGEN
RGEN
Q4 25
$13.3M
Q3 25
$14.9M
Q2 25
$21.5M
$14.9M
Q1 25
$5.8M
Q4 24
$-30.3M
Q3 24
$-654.0K
Q2 24
$23.2M
$3.3M
Q1 24
$2.1M
Gross Margin
NVGS
NVGS
RGEN
RGEN
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Q1 24
49.5%
Operating Margin
NVGS
NVGS
RGEN
RGEN
Q4 25
9.0%
Q3 25
8.9%
Q2 25
15.8%
7.6%
Q1 25
3.9%
Q4 24
-17.7%
Q3 24
-5.1%
Q2 24
26.9%
1.0%
Q1 24
1.3%
Net Margin
NVGS
NVGS
RGEN
RGEN
Q4 25
6.7%
Q3 25
7.9%
Q2 25
16.5%
8.2%
Q1 25
3.4%
Q4 24
-17.4%
Q3 24
-0.4%
Q2 24
15.8%
2.2%
Q1 24
1.4%
EPS (diluted)
NVGS
NVGS
RGEN
RGEN
Q4 25
$0.24
Q3 25
$0.26
Q2 25
$0.31
$0.26
Q1 25
$0.10
Q4 24
$-0.55
Q3 24
$-0.01
Q2 24
$0.32
$0.06
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$238.1M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$1.2B
$2.1B
Total Assets
$2.4B
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
RGEN
RGEN
Q4 25
$767.6M
Q3 25
$748.7M
Q2 25
$238.1M
$708.9M
Q1 25
$697.2M
Q4 24
$757.4M
Q3 24
$784.0M
Q2 24
$809.1M
Q1 24
$780.6M
Total Debt
NVGS
NVGS
RGEN
RGEN
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NVGS
NVGS
RGEN
RGEN
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$1.2B
$2.1B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$1.2B
$2.0B
Q1 24
$2.0B
Total Assets
NVGS
NVGS
RGEN
RGEN
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.4B
$2.9B
Q1 25
$2.9B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.1B
$2.9B
Q1 24
$2.8B
Debt / Equity
NVGS
NVGS
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24
Q1 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
RGEN
RGEN
Q4 25
$25.7M
Q3 25
$48.1M
Q2 25
$28.6M
Q1 25
$15.0M
Q4 24
$39.2M
Q3 24
$49.3M
Q2 24
$42.2M
Q1 24
$44.7M
Free Cash Flow
NVGS
NVGS
RGEN
RGEN
Q4 25
$17.6M
Q3 25
$43.4M
Q2 25
$21.5M
Q1 25
$11.4M
Q4 24
$33.6M
Q3 24
$42.3M
Q2 24
$37.4M
Q1 24
$36.4M
FCF Margin
NVGS
NVGS
RGEN
RGEN
Q4 25
8.9%
Q3 25
23.0%
Q2 25
11.8%
Q1 25
6.8%
Q4 24
19.3%
Q3 24
27.3%
Q2 24
24.3%
Q1 24
24.0%
Capex Intensity
NVGS
NVGS
RGEN
RGEN
Q4 25
4.1%
Q3 25
2.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
3.2%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
5.5%
Cash Conversion
NVGS
NVGS
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
Q2 24
12.70×
Q1 24
21.35×

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%

RGEN
RGEN

Segment breakdown not available.

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