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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $85.1M, roughly 1.5× VINCE HOLDING CORP.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 3.2%, a 13.3% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% 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.

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

NVGS vs VNCE — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.5× larger
NVGS
$129.6M
$85.1M
VNCE
Growing faster (revenue YoY)
VNCE
VNCE
+17.8% gap
VNCE
6.2%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
13.3% more per $
NVGS
16.5%
3.2%
VNCE

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
NVGS
NVGS
VNCE
VNCE
Revenue
$129.6M
$85.1M
Net Profit
$21.5M
$2.7M
Gross Margin
49.2%
Operating Margin
15.8%
6.4%
Net Margin
16.5%
3.2%
Revenue YoY
-11.6%
6.2%
Net Profit YoY
-7.7%
-37.3%
EPS (diluted)
$0.31
$0.21

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
VNCE
VNCE
Q4 25
$85.1M
Q3 25
$73.2M
Q2 25
$129.6M
$57.9M
Q1 25
$80.0M
Q4 24
$80.2M
Q3 24
$74.2M
Q2 24
$146.7M
$59.2M
Q1 24
$75.3M
Net Profit
NVGS
NVGS
VNCE
VNCE
Q4 25
$2.7M
Q3 25
$12.1M
Q2 25
$21.5M
$-4.8M
Q1 25
$-28.3M
Q4 24
$4.3M
Q3 24
$569.0K
Q2 24
$23.2M
$4.4M
Q1 24
$-4.7M
Gross Margin
NVGS
NVGS
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
NVGS
NVGS
VNCE
VNCE
Q4 25
6.4%
Q3 25
15.2%
Q2 25
15.8%
-7.7%
Q1 25
-37.1%
Q4 24
7.2%
Q3 24
1.5%
Q2 24
26.9%
9.5%
Q1 24
-2.2%
Net Margin
NVGS
NVGS
VNCE
VNCE
Q4 25
3.2%
Q3 25
16.5%
Q2 25
16.5%
-8.3%
Q1 25
-35.5%
Q4 24
5.4%
Q3 24
0.8%
Q2 24
15.8%
7.4%
Q1 24
-6.2%
EPS (diluted)
NVGS
NVGS
VNCE
VNCE
Q4 25
$0.21
Q3 25
$0.93
Q2 25
$0.31
$-0.37
Q1 25
$-2.25
Q4 24
$0.34
Q3 24
$0.05
Q2 24
$0.32
$0.35
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$238.1M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$53.4M
Total Assets
$2.4B
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
VNCE
VNCE
Q4 25
$1.1M
Q3 25
$777.0K
Q2 25
$238.1M
$2.6M
Q1 25
$607.0K
Q4 24
$892.0K
Q3 24
$711.0K
Q2 24
$739.0K
Q1 24
$357.0K
Stockholders' Equity
NVGS
NVGS
VNCE
VNCE
Q4 25
$53.4M
Q3 25
$49.3M
Q2 25
$1.2B
$37.2M
Q1 25
$41.8M
Q4 24
$57.1M
Q3 24
$52.4M
Q2 24
$1.2B
$51.7M
Q1 24
$47.2M
Total Assets
NVGS
NVGS
VNCE
VNCE
Q4 25
$246.0M
Q3 25
$239.0M
Q2 25
$2.4B
$218.0M
Q1 25
$222.7M
Q4 24
$254.7M
Q3 24
$253.6M
Q2 24
$2.1B
$223.1M
Q1 24
$225.1M

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
VNCE
VNCE
Operating Cash FlowLast quarter
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
VNCE
VNCE
Q4 25
$-5.1M
Q3 25
$4.2M
Q2 25
$-11.8M
Q1 25
$22.7M
Q4 24
$6.4M
Q3 24
$-3.2M
Q2 24
$-3.9M
Q1 24
$14.8M
Free Cash Flow
NVGS
NVGS
VNCE
VNCE
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$14.2M
FCF Margin
NVGS
NVGS
VNCE
VNCE
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Q1 24
18.9%
Capex Intensity
NVGS
NVGS
VNCE
VNCE
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Q1 24
0.7%
Cash Conversion
NVGS
NVGS
VNCE
VNCE
Q4 25
-1.86×
Q3 25
0.35×
Q2 25
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
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%

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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