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

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $39.5M, roughly 1.1× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs 16.9%, a 80.6% gap on every dollar of revenue.

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

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

PSHG vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.1× larger
RERE
$43.2M
$39.5M
PSHG
Higher net margin
PSHG
PSHG
80.6% more per $
PSHG
97.5%
16.9%
RERE

Income Statement — Q2 FY2025 vs Q1 FY2023

Metric
PSHG
PSHG
RERE
RERE
Revenue
$39.5M
$43.2M
Net Profit
$38.5M
$7.3M
Gross Margin
Operating Margin
93.3%
Net Margin
97.5%
16.9%
Revenue YoY
-7.9%
Net Profit YoY
78.1%
EPS (diluted)
$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
PSHG
PSHG
RERE
RERE
Q2 25
$39.5M
Q2 24
$42.9M
Q1 23
$43.2M
Net Profit
PSHG
PSHG
RERE
RERE
Q2 25
$38.5M
Q2 24
$21.6M
Q1 23
$7.3M
Operating Margin
PSHG
PSHG
RERE
RERE
Q2 25
93.3%
Q2 24
49.1%
Q1 23
Net Margin
PSHG
PSHG
RERE
RERE
Q2 25
97.5%
Q2 24
50.4%
Q1 23
16.9%
EPS (diluted)
PSHG
PSHG
RERE
RERE
Q2 25
$1.00
Q2 24
$0.55
Q1 23

Balance Sheet & Financial Strength

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

Metric
PSHG
PSHG
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$95.8M
$228.0M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$312.8M
$557.1M
Total Assets
$363.8M
$722.9M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSHG
PSHG
RERE
RERE
Q2 25
$95.8M
Q2 24
$61.7M
Q1 23
$228.0M
Total Debt
PSHG
PSHG
RERE
RERE
Q2 25
$43.7M
Q2 24
$51.2M
Q1 23
Stockholders' Equity
PSHG
PSHG
RERE
RERE
Q2 25
$312.8M
Q2 24
$254.0M
Q1 23
$557.1M
Total Assets
PSHG
PSHG
RERE
RERE
Q2 25
$363.8M
Q2 24
$310.5M
Q1 23
$722.9M
Debt / Equity
PSHG
PSHG
RERE
RERE
Q2 25
0.14×
Q2 24
0.20×
Q1 23

Cash Flow & Capital Efficiency

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

Metric
PSHG
PSHG
RERE
RERE
Operating Cash FlowLast quarter
$26.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSHG
PSHG
RERE
RERE
Q2 25
$26.8M
Q2 24
$31.7M
Q1 23
Capex Intensity
PSHG
PSHG
RERE
RERE
Q2 25
Q2 24
0.0%
Q1 23
Cash Conversion
PSHG
PSHG
RERE
RERE
Q2 25
0.70×
Q2 24
1.47×
Q1 23

Financial Flow Comparison

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

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