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

WESTAMERICA BANCORPORATION is the larger business by last-quarter revenue ($63.3M vs $39.5M, roughly 1.6× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs 43.9%, a 53.6% gap on every dollar of revenue. On growth, Performance Shipping Inc. posted the faster year-over-year revenue change (-7.9% vs -9.0%).

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

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

PSHG vs WABC — Head-to-Head

Bigger by revenue
WABC
WABC
1.6× larger
WABC
$63.3M
$39.5M
PSHG
Growing faster (revenue YoY)
PSHG
PSHG
+1.1% gap
PSHG
-7.9%
-9.0%
WABC
Higher net margin
PSHG
PSHG
53.6% more per $
PSHG
97.5%
43.9%
WABC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PSHG
PSHG
WABC
WABC
Revenue
$39.5M
$63.3M
Net Profit
$38.5M
$27.8M
Gross Margin
Operating Margin
93.3%
59.8%
Net Margin
97.5%
43.9%
Revenue YoY
-7.9%
-9.0%
Net Profit YoY
78.1%
-12.3%
EPS (diluted)
$1.00
$1.12

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
WABC
WABC
Q4 25
$63.3M
Q3 25
$63.7M
Q2 25
$39.5M
$64.6M
Q1 25
$66.4M
Q4 24
$69.6M
Q3 24
$74.1M
Q2 24
$42.9M
$74.3M
Q1 24
$75.8M
Net Profit
PSHG
PSHG
WABC
WABC
Q4 25
$27.8M
Q3 25
$28.3M
Q2 25
$38.5M
$29.1M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$35.1M
Q2 24
$21.6M
$35.5M
Q1 24
$36.4M
Operating Margin
PSHG
PSHG
WABC
WABC
Q4 25
59.8%
Q3 25
59.5%
Q2 25
93.3%
60.5%
Q1 25
63.0%
Q4 24
62.8%
Q3 24
64.5%
Q2 24
49.1%
64.8%
Q1 24
65.2%
Net Margin
PSHG
PSHG
WABC
WABC
Q4 25
43.9%
Q3 25
44.3%
Q2 25
97.5%
45.0%
Q1 25
46.7%
Q4 24
45.6%
Q3 24
47.3%
Q2 24
50.4%
47.8%
Q1 24
48.0%
EPS (diluted)
PSHG
PSHG
WABC
WABC
Q4 25
$1.12
Q3 25
$1.12
Q2 25
$1.00
$1.12
Q1 25
$1.16
Q4 24
$1.19
Q3 24
$1.31
Q2 24
$0.55
$1.33
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
PSHG
PSHG
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$95.8M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$312.8M
$933.5M
Total Assets
$363.8M
$6.0B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSHG
PSHG
WABC
WABC
Q4 25
Q3 25
Q2 25
$95.8M
Q1 25
Q4 24
Q3 24
Q2 24
$61.7M
Q1 24
Total Debt
PSHG
PSHG
WABC
WABC
Q4 25
Q3 25
Q2 25
$43.7M
Q1 25
Q4 24
Q3 24
Q2 24
$51.2M
Q1 24
Stockholders' Equity
PSHG
PSHG
WABC
WABC
Q4 25
$933.5M
Q3 25
$931.6M
Q2 25
$312.8M
$921.8M
Q1 25
$923.1M
Q4 24
$890.0M
Q3 24
$909.0M
Q2 24
$254.0M
$815.6M
Q1 24
$791.7M
Total Assets
PSHG
PSHG
WABC
WABC
Q4 25
$6.0B
Q3 25
$5.9B
Q2 25
$363.8M
$5.8B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$310.5M
$6.3B
Q1 24
$6.5B
Debt / Equity
PSHG
PSHG
WABC
WABC
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
WABC
WABC
Operating Cash FlowLast quarter
$26.8M
$121.9M
Free Cash FlowOCF − Capex
$119.7M
FCF MarginFCF / Revenue
189.0%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
0.70×
4.38×
TTM Free Cash FlowTrailing 4 quarters
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSHG
PSHG
WABC
WABC
Q4 25
$121.9M
Q3 25
$29.4M
Q2 25
$26.8M
$23.5M
Q1 25
$42.4M
Q4 24
$141.6M
Q3 24
$40.6M
Q2 24
$31.7M
$19.0M
Q1 24
$52.2M
Free Cash Flow
PSHG
PSHG
WABC
WABC
Q4 25
$119.7M
Q3 25
$28.7M
Q2 25
$22.8M
Q1 25
$42.2M
Q4 24
$139.8M
Q3 24
$40.1M
Q2 24
$18.6M
Q1 24
$52.1M
FCF Margin
PSHG
PSHG
WABC
WABC
Q4 25
189.0%
Q3 25
45.1%
Q2 25
35.3%
Q1 25
63.5%
Q4 24
201.0%
Q3 24
54.1%
Q2 24
25.0%
Q1 24
68.7%
Capex Intensity
PSHG
PSHG
WABC
WABC
Q4 25
3.5%
Q3 25
1.1%
Q2 25
1.1%
Q1 25
0.3%
Q4 24
2.5%
Q3 24
0.7%
Q2 24
0.0%
0.6%
Q1 24
0.2%
Cash Conversion
PSHG
PSHG
WABC
WABC
Q4 25
4.38×
Q3 25
1.04×
Q2 25
0.70×
0.81×
Q1 25
1.37×
Q4 24
4.47×
Q3 24
1.16×
Q2 24
1.47×
0.54×
Q1 24
1.43×

Financial Flow Comparison

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

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