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Side-by-side financial comparison of GrabAGun Digital Holdings Inc. (PEW) and Performance Shipping Inc. (PSHG). Click either name above to swap in a different company.

Performance Shipping Inc. is the larger business by last-quarter revenue ($39.5M vs $22.3M, roughly 1.8× GrabAGun Digital Holdings Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs -17.2%, a 114.8% gap on every dollar of revenue.

GrabAGun Digital Holdings Inc operates a leading U.S. e-commerce platform selling legal firearms, ammunition, shooting accessories, and outdoor gear. It serves individual customers, licensed firearms dealers, and law enforcement across the U.S., complying with all local, state, and federal firearm sales regulations.

Azerbaijan Caspian Shipping Closed Joint-Stock Company is a state-owned Azerbaijani shipping company. It is also known by its Russian-derived abbreviation CASPAR.

PEW vs PSHG — Head-to-Head

Bigger by revenue
PSHG
PSHG
1.8× larger
PSHG
$39.5M
$22.3M
PEW
Higher net margin
PSHG
PSHG
114.8% more per $
PSHG
97.5%
-17.2%
PEW

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
PEW
PEW
PSHG
PSHG
Revenue
$22.3M
$39.5M
Net Profit
$-3.8M
$38.5M
Gross Margin
9.6%
Operating Margin
-21.4%
93.3%
Net Margin
-17.2%
97.5%
Revenue YoY
-7.9%
Net Profit YoY
78.1%
EPS (diluted)
$-0.14
$1.00

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
PEW
PEW
PSHG
PSHG
Q3 25
$22.3M
Q2 25
$39.5M
Q2 24
$42.9M
Net Profit
PEW
PEW
PSHG
PSHG
Q3 25
$-3.8M
Q2 25
$38.5M
Q2 24
$21.6M
Gross Margin
PEW
PEW
PSHG
PSHG
Q3 25
9.6%
Q2 25
Q2 24
Operating Margin
PEW
PEW
PSHG
PSHG
Q3 25
-21.4%
Q2 25
93.3%
Q2 24
49.1%
Net Margin
PEW
PEW
PSHG
PSHG
Q3 25
-17.2%
Q2 25
97.5%
Q2 24
50.4%
EPS (diluted)
PEW
PEW
PSHG
PSHG
Q3 25
$-0.14
Q2 25
$1.00
Q2 24
$0.55

Balance Sheet & Financial Strength

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

Metric
PEW
PEW
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$109.5M
$95.8M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$106.6M
$312.8M
Total Assets
$119.8M
$363.8M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEW
PEW
PSHG
PSHG
Q3 25
$109.5M
Q2 25
$95.8M
Q2 24
$61.7M
Total Debt
PEW
PEW
PSHG
PSHG
Q3 25
Q2 25
$43.7M
Q2 24
$51.2M
Stockholders' Equity
PEW
PEW
PSHG
PSHG
Q3 25
$106.6M
Q2 25
$312.8M
Q2 24
$254.0M
Total Assets
PEW
PEW
PSHG
PSHG
Q3 25
$119.8M
Q2 25
$363.8M
Q2 24
$310.5M
Debt / Equity
PEW
PEW
PSHG
PSHG
Q3 25
Q2 25
0.14×
Q2 24
0.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PEW
PEW
PSHG
PSHG
Operating Cash FlowLast quarter
$-3.1M
$26.8M
Free Cash FlowOCF − Capex
$-3.1M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEW
PEW
PSHG
PSHG
Q3 25
$-3.1M
Q2 25
$26.8M
Q2 24
$31.7M
Free Cash Flow
PEW
PEW
PSHG
PSHG
Q3 25
$-3.1M
Q2 25
Q2 24
FCF Margin
PEW
PEW
PSHG
PSHG
Q3 25
-13.9%
Q2 25
Q2 24
Capex Intensity
PEW
PEW
PSHG
PSHG
Q3 25
0.2%
Q2 25
Q2 24
0.0%
Cash Conversion
PEW
PEW
PSHG
PSHG
Q3 25
Q2 25
0.70×
Q2 24
1.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PEW
PEW

Firearm Sales$18.1M81%
Non-Firearm Sales$4.2M19%

PSHG
PSHG

Segment breakdown not available.

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