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

Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $39.5M, roughly 1.5× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs -1.3%, a 98.8% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% 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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

PSHG vs VTS — Head-to-Head

Bigger by revenue
VTS
VTS
1.5× larger
VTS
$58.6M
$39.5M
PSHG
Growing faster (revenue YoY)
VTS
VTS
+12.8% gap
VTS
4.8%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
98.8% more per $
PSHG
97.5%
-1.3%
VTS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PSHG
PSHG
VTS
VTS
Revenue
$39.5M
$58.6M
Net Profit
$38.5M
$-739.0K
Gross Margin
Operating Margin
93.3%
-12.0%
Net Margin
97.5%
-1.3%
Revenue YoY
-7.9%
4.8%
Net Profit YoY
78.1%
85.6%
EPS (diluted)
$1.00
$-0.01

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
VTS
VTS
Q4 25
$58.6M
Q3 25
$67.4M
Q2 25
$39.5M
$81.8M
Q1 25
$66.2M
Q4 24
$55.9M
Q3 24
$58.3M
Q2 24
$42.9M
$66.6M
Q1 24
$61.2M
Net Profit
PSHG
PSHG
VTS
VTS
Q4 25
$-739.0K
Q3 25
$-1.3M
Q2 25
$38.5M
$24.7M
Q1 25
$2.7M
Q4 24
$-5.1M
Q3 24
$17.4M
Q2 24
$21.6M
$10.9M
Q1 24
$-2.2M
Operating Margin
PSHG
PSHG
VTS
VTS
Q4 25
-12.0%
Q3 25
0.2%
Q2 25
93.3%
22.8%
Q1 25
8.1%
Q4 24
3.7%
Q3 24
15.4%
Q2 24
49.1%
25.2%
Q1 24
21.4%
Net Margin
PSHG
PSHG
VTS
VTS
Q4 25
-1.3%
Q3 25
-1.9%
Q2 25
97.5%
30.2%
Q1 25
4.0%
Q4 24
-9.2%
Q3 24
29.9%
Q2 24
50.4%
16.4%
Q1 24
-3.6%
EPS (diluted)
PSHG
PSHG
VTS
VTS
Q4 25
$-0.01
Q3 25
$-0.03
Q2 25
$1.00
$0.60
Q1 25
$0.08
Q4 24
$-0.15
Q3 24
$0.53
Q2 24
$0.55
$0.33
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
PSHG
PSHG
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$95.8M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$312.8M
$629.3M
Total Assets
$363.8M
$893.4M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSHG
PSHG
VTS
VTS
Q4 25
Q3 25
Q2 25
$95.8M
Q1 25
$4.5M
Q4 24
$3.0M
Q3 24
Q2 24
$61.7M
Q1 24
Total Debt
PSHG
PSHG
VTS
VTS
Q4 25
Q3 25
Q2 25
$43.7M
Q1 25
Q4 24
Q3 24
Q2 24
$51.2M
Q1 24
Stockholders' Equity
PSHG
PSHG
VTS
VTS
Q4 25
$629.3M
Q3 25
$650.3M
Q2 25
$312.8M
$671.9M
Q1 25
$667.7M
Q4 24
$500.3M
Q3 24
$520.4M
Q2 24
$254.0M
$518.5M
Q1 24
$522.7M
Total Assets
PSHG
PSHG
VTS
VTS
Q4 25
$893.4M
Q3 25
$932.9M
Q2 25
$363.8M
$951.5M
Q1 25
$975.2M
Q4 24
$810.9M
Q3 24
$791.2M
Q2 24
$310.5M
$778.4M
Q1 24
$749.7M
Debt / Equity
PSHG
PSHG
VTS
VTS
Q4 25
Q3 25
Q2 25
0.14×
Q1 25
Q4 24
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
VTS
VTS
Operating Cash FlowLast quarter
$26.8M
$37.4M
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
VTS
VTS
Q4 25
$37.4M
Q3 25
$49.4M
Q2 25
$26.8M
$66.0M
Q1 25
$17.5M
Q4 24
$34.7M
Q3 24
$45.7M
Q2 24
$31.7M
$35.2M
Q1 24
$39.4M
Capex Intensity
PSHG
PSHG
VTS
VTS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.0%
Q1 24
Cash Conversion
PSHG
PSHG
VTS
VTS
Q4 25
Q3 25
Q2 25
0.70×
2.68×
Q1 25
6.56×
Q4 24
Q3 24
2.62×
Q2 24
1.47×
3.22×
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.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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