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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $76.2M, roughly 1.7× VIEMED HEALTHCARE, INC.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 7.4%, a 9.1% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

NVGS vs VMD — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.7× larger
NVGS
$129.6M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+37.1% gap
VMD
25.5%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
9.1% more per $
NVGS
16.5%
7.4%
VMD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
VMD
VMD
Revenue
$129.6M
$76.2M
Net Profit
$21.5M
$5.6M
Gross Margin
57.9%
Operating Margin
15.8%
11.0%
Net Margin
16.5%
7.4%
Revenue YoY
-11.6%
25.5%
Net Profit YoY
-7.7%
30.7%
EPS (diluted)
$0.31
$0.14

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
VMD
VMD
Q4 25
$76.2M
Q3 25
$71.9M
Q2 25
$129.6M
$63.1M
Q1 25
$59.1M
Q4 24
$60.7M
Q3 24
$58.0M
Q2 24
$146.7M
$55.0M
Q1 24
$50.6M
Net Profit
NVGS
NVGS
VMD
VMD
Q4 25
$5.6M
Q3 25
$3.5M
Q2 25
$21.5M
$3.2M
Q1 25
$2.6M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$23.2M
$1.5M
Q1 24
$1.6M
Gross Margin
NVGS
NVGS
VMD
VMD
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
NVGS
NVGS
VMD
VMD
Q4 25
11.0%
Q3 25
7.8%
Q2 25
15.8%
8.1%
Q1 25
6.5%
Q4 24
10.6%
Q3 24
9.7%
Q2 24
26.9%
6.6%
Q1 24
4.4%
Net Margin
NVGS
NVGS
VMD
VMD
Q4 25
7.4%
Q3 25
4.9%
Q2 25
16.5%
5.0%
Q1 25
4.4%
Q4 24
7.1%
Q3 24
6.7%
Q2 24
15.8%
2.7%
Q1 24
3.2%
EPS (diluted)
NVGS
NVGS
VMD
VMD
Q4 25
$0.14
Q3 25
$0.09
Q2 25
$0.31
$0.08
Q1 25
$0.06
Q4 24
$0.10
Q3 24
$0.10
Q2 24
$0.32
$0.04
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
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$238.1M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$141.5M
Total Assets
$2.4B
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
VMD
VMD
Q4 25
$13.5M
Q3 25
$11.1M
Q2 25
$238.1M
$20.0M
Q1 25
$10.2M
Q4 24
$17.5M
Q3 24
$11.3M
Q2 24
$8.8M
Q1 24
$7.3M
Stockholders' Equity
NVGS
NVGS
VMD
VMD
Q4 25
$141.5M
Q3 25
$133.6M
Q2 25
$1.2B
$139.7M
Q1 25
$134.8M
Q4 24
$131.4M
Q3 24
$125.0M
Q2 24
$1.2B
$119.4M
Q1 24
$116.3M
Total Assets
NVGS
NVGS
VMD
VMD
Q4 25
$199.2M
Q3 25
$202.4M
Q2 25
$2.4B
$184.6M
Q1 25
$178.1M
Q4 24
$177.1M
Q3 24
$169.5M
Q2 24
$2.1B
$163.9M
Q1 24
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
VMD
VMD
Q4 25
$18.4M
Q3 25
$18.4M
Q2 25
$12.3M
Q1 25
$2.9M
Q4 24
$15.0M
Q3 24
$12.7M
Q2 24
$10.2M
Q1 24
$1.2M
Free Cash Flow
NVGS
NVGS
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
NVGS
NVGS
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
NVGS
NVGS
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
NVGS
NVGS
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
3.88×
Q1 25
1.09×
Q4 24
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
0.73×

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%

VMD
VMD

Segment breakdown not available.

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