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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $77.5M, roughly 1.7× SNDL Inc.).

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.

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

NVGS vs SNDL — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.7× larger
NVGS
$129.6M
$77.5M
SNDL

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
NVGS
NVGS
SNDL
SNDL
Revenue
$129.6M
$77.5M
Net Profit
$21.5M
Gross Margin
25.3%
Operating Margin
15.8%
6.7%
Net Margin
16.5%
Revenue YoY
-11.6%
Net Profit YoY
-7.7%
EPS (diluted)
$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
SNDL
SNDL
Q2 25
$129.6M
Q1 25
$77.5M
Q2 24
$146.7M
Q1 24
$116.1M
Q2 23
$135.3M
Q1 23
$115.9M
Q2 22
$123.9M
Net Profit
NVGS
NVGS
SNDL
SNDL
Q2 25
$21.5M
Q1 25
Q2 24
$23.2M
Q1 24
Q2 23
$26.6M
Q1 23
Q2 22
$14.0M
Gross Margin
NVGS
NVGS
SNDL
SNDL
Q2 25
Q1 25
25.3%
Q2 24
Q1 24
24.8%
Q2 23
Q1 23
Q2 22
Operating Margin
NVGS
NVGS
SNDL
SNDL
Q2 25
15.8%
Q1 25
6.7%
Q2 24
26.9%
Q1 24
1.9%
Q2 23
26.6%
Q1 23
Q2 22
13.5%
Net Margin
NVGS
NVGS
SNDL
SNDL
Q2 25
16.5%
Q1 25
Q2 24
15.8%
Q1 24
Q2 23
19.7%
Q1 23
Q2 22
11.3%
EPS (diluted)
NVGS
NVGS
SNDL
SNDL
Q2 25
$0.31
Q1 25
Q2 24
$0.32
Q1 24
Q2 23
$0.36
Q1 23
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
SNDL
SNDL
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
SNDL
SNDL
Q2 25
$238.1M
Q1 25
Q2 24
Q1 24
Q2 23
Q1 23
Q2 22
$143.6M
Stockholders' Equity
NVGS
NVGS
SNDL
SNDL
Q2 25
$1.2B
Q1 25
Q2 24
$1.2B
Q1 24
Q2 23
$1.2B
Q1 23
Q2 22
$1.2B
Total Assets
NVGS
NVGS
SNDL
SNDL
Q2 25
$2.4B
Q1 25
Q2 24
$2.1B
Q1 24
Q2 23
$2.3B
Q1 23
Q2 22
$2.1B

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%

SNDL
SNDL

Segment breakdown not available.

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