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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $127.8M, roughly 1.0× Via Renewables, Inc.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 5.4%, a 11.2% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% 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.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

NVGS vs VIASP — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.0× larger
NVGS
$129.6M
$127.8M
VIASP
Growing faster (revenue YoY)
VIASP
VIASP
+34.1% gap
VIASP
22.5%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
11.2% more per $
NVGS
16.5%
5.4%
VIASP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
VIASP
VIASP
Revenue
$129.6M
$127.8M
Net Profit
$21.5M
$6.9M
Gross Margin
34.4%
Operating Margin
15.8%
15.2%
Net Margin
16.5%
5.4%
Revenue YoY
-11.6%
22.5%
Net Profit YoY
-7.7%
-30.9%
EPS (diluted)
$0.31
$1.19

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
VIASP
VIASP
Q4 25
$127.8M
Q3 25
$103.3M
Q2 25
$129.6M
$90.0M
Q1 25
$142.3M
Q4 24
$104.3M
Q3 24
$93.8M
Q2 24
$146.7M
$86.7M
Q1 24
$114.1M
Net Profit
NVGS
NVGS
VIASP
VIASP
Q4 25
$6.9M
Q3 25
$757.0K
Q2 25
$21.5M
$2.7M
Q1 25
$8.8M
Q4 24
$9.9M
Q3 24
$2.1M
Q2 24
$23.2M
$7.6M
Q1 24
$8.6M
Gross Margin
NVGS
NVGS
VIASP
VIASP
Q4 25
34.4%
Q3 25
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
Q3 24
26.8%
Q2 24
50.4%
Q1 24
39.5%
Operating Margin
NVGS
NVGS
VIASP
VIASP
Q4 25
15.2%
Q3 25
3.1%
Q2 25
15.8%
6.7%
Q1 25
17.5%
Q4 24
31.5%
Q3 24
5.3%
Q2 24
26.9%
23.8%
Q1 24
22.6%
Net Margin
NVGS
NVGS
VIASP
VIASP
Q4 25
5.4%
Q3 25
0.7%
Q2 25
16.5%
3.0%
Q1 25
6.2%
Q4 24
9.5%
Q3 24
2.3%
Q2 24
15.8%
8.8%
Q1 24
7.5%
EPS (diluted)
NVGS
NVGS
VIASP
VIASP
Q4 25
$1.19
Q3 25
$-0.41
Q2 25
$0.31
$0.09
Q1 25
$1.83
Q4 24
$2.33
Q3 24
$-0.17
Q2 24
$0.32
$1.51
Q1 24
$1.81

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$238.1M
$41.8M
Total DebtLower is stronger
$120.0M
Stockholders' EquityBook value
$1.2B
$67.7M
Total Assets
$2.4B
$331.3M
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
VIASP
VIASP
Q4 25
$41.8M
Q3 25
$53.6M
Q2 25
$238.1M
$62.1M
Q1 25
$64.7M
Q4 24
$53.1M
Q3 24
$66.6M
Q2 24
$53.6M
Q1 24
$50.4M
Total Debt
NVGS
NVGS
VIASP
VIASP
Q4 25
$120.0M
Q3 25
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
Q3 24
$89.0M
Q2 24
$93.0M
Q1 24
$91.0M
Stockholders' Equity
NVGS
NVGS
VIASP
VIASP
Q4 25
$67.7M
Q3 25
$63.7M
Q2 25
$1.2B
$68.2M
Q1 25
$72.7M
Q4 24
$66.7M
Q3 24
$58.2M
Q2 24
$1.2B
$58.3M
Q1 24
$53.2M
Total Assets
NVGS
NVGS
VIASP
VIASP
Q4 25
$331.3M
Q3 25
$304.8M
Q2 25
$2.4B
$316.3M
Q1 25
$347.4M
Q4 24
$344.9M
Q3 24
$298.4M
Q2 24
$2.1B
$299.7M
Q1 24
$302.7M
Debt / Equity
NVGS
NVGS
VIASP
VIASP
Q4 25
1.77×
Q3 25
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×
Q1 24
1.71×

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
VIASP
VIASP
Operating Cash FlowLast quarter
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
VIASP
VIASP
Q4 25
$-4.2M
Q3 25
$2.4M
Q2 25
$19.0M
Q1 25
$24.9M
Q4 24
$2.0M
Q3 24
$20.1M
Q2 24
$11.2M
Q1 24
$17.1M
Free Cash Flow
NVGS
NVGS
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$19.7M
Q2 24
$10.9M
Q1 24
$16.6M
FCF Margin
NVGS
NVGS
VIASP
VIASP
Q4 25
-3.7%
Q3 25
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
21.0%
Q2 24
12.6%
Q1 24
14.6%
Capex Intensity
NVGS
NVGS
VIASP
VIASP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
NVGS
NVGS
VIASP
VIASP
Q4 25
-0.61×
Q3 25
3.12×
Q2 25
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
9.41×
Q2 24
1.47×
Q1 24
2.00×

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%

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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