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Side-by-side financial comparison of Performance Shipping Inc. (PSHG) and United Maritime Corp (USEA), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

United Maritime Corp is the larger business by last-quarter revenue ($1.8M vs $65.8K, roughly 27.8× Performance Shipping Inc.). United Maritime Corp runs the higher net margin — 51.7% vs 59.6%, a 7.8% 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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

PSHG vs USEA — Head-to-Head

Bigger by revenue
USEA
USEA
27.8× larger
USEA
$1.8M
$65.8K
PSHG
Higher net margin
USEA
USEA
7.8% more per $
USEA
59.6%
51.7%
PSHG

Income Statement — Q3 2025 vs Q3 2025

Metric
PSHG
PSHG
USEA
USEA
Revenue
$65.8K
$1.8M
Net Profit
$34.0K
$1.1M
Gross Margin
Operating Margin
50.0%
Net Margin
51.7%
59.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
PSHG
PSHG
USEA
USEA
Q3 25
$65.8K
$1.8M
Q2 25
$39.5M
Q1 25
$22.4K
Q3 24
$85.1K
Q2 24
$42.9M
Q1 24
$29.5K
Net Profit
PSHG
PSHG
USEA
USEA
Q3 25
$34.0K
$1.1M
Q2 25
$38.5M
Q1 25
$11.4K
Q3 24
$44.5K
Q2 24
$21.6M
Q1 24
$15.7K
Operating Margin
PSHG
PSHG
USEA
USEA
Q3 25
50.0%
Q2 25
93.3%
Q1 25
50.3%
Q3 24
58.0%
Q2 24
49.1%
Q1 24
59.2%
Net Margin
PSHG
PSHG
USEA
USEA
Q3 25
51.7%
59.6%
Q2 25
97.5%
Q1 25
51.1%
Q3 24
52.2%
Q2 24
50.4%
Q1 24
53.2%
EPS (diluted)
PSHG
PSHG
USEA
USEA
Q3 25
$0.13
Q2 25
$1.00
Q1 25
Q3 24
Q2 24
$0.55
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
PSHG
PSHG
USEA
USEA
Cash + ST InvestmentsLiquidity on hand
$71.3K
$19.7M
Total DebtLower is stronger
$49.5M
Stockholders' EquityBook value
$275.2K
$57.5M
Total Assets
$330.4K
$144.2M
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
PSHG
PSHG
USEA
USEA
Q3 25
$71.3K
$19.7M
Q2 25
$95.8M
Q1 25
$71.3K
Q3 24
$68.3K
Q2 24
$61.7M
Q1 24
$68.3K
Total Debt
PSHG
PSHG
USEA
USEA
Q3 25
$49.5M
Q2 25
$43.7M
Q1 25
Q3 24
Q2 24
$51.2M
Q1 24
Stockholders' Equity
PSHG
PSHG
USEA
USEA
Q3 25
$275.2K
$57.5M
Q2 25
$312.8M
Q1 25
$275.2K
Q3 24
$233.2K
Q2 24
$254.0M
Q1 24
$233.2K
Total Assets
PSHG
PSHG
USEA
USEA
Q3 25
$330.4K
$144.2M
Q2 25
$363.8M
Q1 25
$330.4K
Q3 24
$296.3K
Q2 24
$310.5M
Q1 24
$296.3K
Debt / Equity
PSHG
PSHG
USEA
USEA
Q3 25
0.86×
Q2 25
0.14×
Q1 25
Q3 24
Q2 24
0.20×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
PSHG
PSHG
USEA
USEA
Operating Cash FlowLast quarter
$47.8K
$-444.0K
Free Cash FlowOCF − Capex
$-477.0K
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
1.8%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
1.41×
-0.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
PSHG
PSHG
USEA
USEA
Q3 25
$47.8K
$-444.0K
Q2 25
$26.8M
Q1 25
$17.3K
Q3 24
$58.7K
Q2 24
$31.7M
Q1 24
$18.7K
Free Cash Flow
PSHG
PSHG
USEA
USEA
Q3 25
$-477.0K
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
FCF Margin
PSHG
PSHG
USEA
USEA
Q3 25
-26.1%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Capex Intensity
PSHG
PSHG
USEA
USEA
Q3 25
1.8%
Q2 25
Q1 25
Q3 24
Q2 24
0.0%
Q1 24
Cash Conversion
PSHG
PSHG
USEA
USEA
Q3 25
1.41×
-0.41×
Q2 25
0.70×
Q1 25
1.52×
Q3 24
1.32×
Q2 24
1.47×
Q1 24
1.19×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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