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Side-by-side financial comparison of Performance Shipping Inc. (PSHG) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.

Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $39.5M, roughly 1.4× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs -3.0%, a 100.5% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -7.9%).

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

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

PSHG vs STRR — Head-to-Head

Bigger by revenue
STRR
STRR
1.4× larger
STRR
$56.8M
$39.5M
PSHG
Growing faster (revenue YoY)
STRR
STRR
+77.0% gap
STRR
69.0%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
100.5% more per $
PSHG
97.5%
-3.0%
STRR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PSHG
PSHG
STRR
STRR
Revenue
$39.5M
$56.8M
Net Profit
$38.5M
$-1.7M
Gross Margin
Operating Margin
93.3%
-0.2%
Net Margin
97.5%
-3.0%
Revenue YoY
-7.9%
69.0%
Net Profit YoY
78.1%
-192.1%
EPS (diluted)
$1.00
$-0.49

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
STRR
STRR
Q4 25
$56.8M
Q3 25
$48.0M
Q2 25
$39.5M
$35.5M
Q1 25
$31.9M
Q4 24
$33.6M
Q3 24
$36.9M
Q2 24
$42.9M
$35.7M
Q1 24
$33.9M
Net Profit
PSHG
PSHG
STRR
STRR
Q4 25
$-1.7M
Q3 25
$-1.8M
Q2 25
$38.5M
$-688.0K
Q1 25
$-1.8M
Q4 24
$-585.0K
Q3 24
$-846.0K
Q2 24
$21.6M
$-441.0K
Q1 24
$-2.9M
Gross Margin
PSHG
PSHG
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
PSHG
PSHG
STRR
STRR
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
93.3%
-0.6%
Q1 25
-5.4%
Q4 24
-0.4%
Q3 24
-1.2%
Q2 24
49.1%
-0.5%
Q1 24
-9.0%
Net Margin
PSHG
PSHG
STRR
STRR
Q4 25
-3.0%
Q3 25
-3.7%
Q2 25
97.5%
-1.9%
Q1 25
-5.5%
Q4 24
-1.7%
Q3 24
-2.3%
Q2 24
50.4%
-1.2%
Q1 24
-8.6%
EPS (diluted)
PSHG
PSHG
STRR
STRR
Q4 25
$-0.49
Q3 25
$-0.54
Q2 25
$1.00
$-0.23
Q1 25
$-0.59
Q4 24
$-0.21
Q3 24
$-0.28
Q2 24
$0.55
$-0.15
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
PSHG
PSHG
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$95.8M
$10.3M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$312.8M
$65.7M
Total Assets
$363.8M
$113.2M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSHG
PSHG
STRR
STRR
Q4 25
$10.3M
Q3 25
$15.4M
Q2 25
$95.8M
$16.8M
Q1 25
$16.6M
Q4 24
$17.0M
Q3 24
$15.8M
Q2 24
$61.7M
$14.7M
Q1 24
$20.4M
Total Debt
PSHG
PSHG
STRR
STRR
Q4 25
Q3 25
$6.5M
Q2 25
$43.7M
Q1 25
Q4 24
$0
Q3 24
Q2 24
$51.2M
Q1 24
Stockholders' Equity
PSHG
PSHG
STRR
STRR
Q4 25
$65.7M
Q3 25
$67.8M
Q2 25
$312.8M
$40.1M
Q1 25
$39.5M
Q4 24
$40.4M
Q3 24
$42.9M
Q2 24
$254.0M
$42.6M
Q1 24
$44.3M
Total Assets
PSHG
PSHG
STRR
STRR
Q4 25
$113.2M
Q3 25
$117.1M
Q2 25
$363.8M
$55.6M
Q1 25
$53.2M
Q4 24
$52.6M
Q3 24
$52.6M
Q2 24
$310.5M
$52.6M
Q1 24
$52.6M
Debt / Equity
PSHG
PSHG
STRR
STRR
Q4 25
Q3 25
0.10×
Q2 25
0.14×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
0.20×
Q1 24

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
STRR
STRR
Operating Cash FlowLast quarter
$26.8M
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSHG
PSHG
STRR
STRR
Q4 25
$-7.3M
Q3 25
$-2.7M
Q2 25
$26.8M
$139.0K
Q1 25
$-802.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$31.7M
$-4.3M
Q1 24
$-1.8M
Free Cash Flow
PSHG
PSHG
STRR
STRR
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
PSHG
PSHG
STRR
STRR
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
PSHG
PSHG
STRR
STRR
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
0.0%
Q1 24
0.0%
Cash Conversion
PSHG
PSHG
STRR
STRR
Q4 25
Q3 25
Q2 25
0.70×
Q1 25
Q4 24
Q3 24
Q2 24
1.47×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PSHG
PSHG

Segment breakdown not available.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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