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

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $129.6M, roughly 1.1× Navigator Holdings Ltd.). VERACYTE, INC. runs the higher net margin — 29.3% vs 16.5%, a 12.7% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

NVGS vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.1× larger
VCYT
$140.6M
$129.6M
NVGS
Growing faster (revenue YoY)
VCYT
VCYT
+30.2% gap
VCYT
18.5%
-11.6%
NVGS
Higher net margin
VCYT
VCYT
12.7% more per $
VCYT
29.3%
16.5%
NVGS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
VCYT
VCYT
Revenue
$129.6M
$140.6M
Net Profit
$21.5M
$41.1M
Gross Margin
72.5%
Operating Margin
15.8%
26.4%
Net Margin
16.5%
29.3%
Revenue YoY
-11.6%
18.5%
Net Profit YoY
-7.7%
704.8%
EPS (diluted)
$0.31
$0.50

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
VCYT
VCYT
Q4 25
$140.6M
Q3 25
$131.9M
Q2 25
$129.6M
$130.2M
Q1 25
$114.5M
Q4 24
$118.6M
Q3 24
$115.9M
Q2 24
$146.7M
$114.4M
Q1 24
$96.8M
Net Profit
NVGS
NVGS
VCYT
VCYT
Q4 25
$41.1M
Q3 25
$19.1M
Q2 25
$21.5M
$-980.0K
Q1 25
$7.0M
Q4 24
$5.1M
Q3 24
$15.2M
Q2 24
$23.2M
$5.7M
Q1 24
$-1.9M
Gross Margin
NVGS
NVGS
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
NVGS
NVGS
VCYT
VCYT
Q4 25
26.4%
Q3 25
17.4%
Q2 25
15.8%
-4.0%
Q1 25
2.5%
Q4 24
3.5%
Q3 24
10.4%
Q2 24
26.9%
4.0%
Q1 24
-4.8%
Net Margin
NVGS
NVGS
VCYT
VCYT
Q4 25
29.3%
Q3 25
14.5%
Q2 25
16.5%
-0.8%
Q1 25
6.2%
Q4 24
4.3%
Q3 24
13.1%
Q2 24
15.8%
5.0%
Q1 24
-1.9%
EPS (diluted)
NVGS
NVGS
VCYT
VCYT
Q4 25
$0.50
Q3 25
$0.24
Q2 25
$0.31
$-0.01
Q1 25
$0.09
Q4 24
$0.07
Q3 24
$0.19
Q2 24
$0.32
$0.07
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
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$238.1M
$362.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$1.3B
Total Assets
$2.4B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
VCYT
VCYT
Q4 25
$362.6M
Q3 25
$315.6M
Q2 25
$238.1M
$219.5M
Q1 25
$186.1M
Q4 24
$239.1M
Q3 24
$274.1M
Q2 24
$235.9M
Q1 24
$209.2M
Stockholders' Equity
NVGS
NVGS
VCYT
VCYT
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$1.1B
Q1 24
$1.1B
Total Assets
NVGS
NVGS
VCYT
VCYT
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$2.4B
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$2.1B
$1.2B
Q1 24
$1.2B

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
VCYT
VCYT
Operating Cash FlowLast quarter
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
VCYT
VCYT
Q4 25
$52.6M
Q3 25
$44.8M
Q2 25
$33.6M
Q1 25
$5.4M
Q4 24
$24.5M
Q3 24
$30.0M
Q2 24
$29.6M
Q1 24
$-9.0M
Free Cash Flow
NVGS
NVGS
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
Q1 24
$-11.1M
FCF Margin
NVGS
NVGS
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Q1 24
-11.5%
Capex Intensity
NVGS
NVGS
VCYT
VCYT
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Q1 24
2.2%
Cash Conversion
NVGS
NVGS
VCYT
VCYT
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
5.16×
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%

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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