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Side-by-side financial comparison of Performance Shipping Inc. (PSHG) and W&T OFFSHORE INC (WTI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
W&T OFFSHORE INC is the larger business by last-quarter revenue ($121.7M vs $65.8K, roughly 1850.6× Performance Shipping Inc.). Performance Shipping Inc. runs the higher net margin — 51.7% vs -22.3%, a 74.0% 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.
Edison Chouest Offshore (ECO), which started as Edison Chouest Boat Rentals in 1960, is a family of companies in the marine transportation business based in Cut Off, Louisiana. ECO owns and operates a fleet of platform supply vessels, Subsea Construction / IMR vessels, a Riserless Light Well Intervention vessel, Anchor handling tug supply vessels, Oil Spill Response Vessels, and Well Stimulation Vessels, as well as an independently owned fleet of Research Vessels and Ice Breakers.
PSHG vs WTI — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $65.8K | $121.7M |
| Net Profit | $34.0K | $-27.1M |
| Gross Margin | — | — |
| Operating Margin | 50.0% | -15.7% |
| Net Margin | 51.7% | -22.3% |
| Revenue YoY | — | 1.1% |
| Net Profit YoY | — | -16.1% |
| EPS (diluted) | — | $-0.18 |
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.
| Q4 25 | — | $121.7M | ||
| Q3 25 | $65.8K | $127.5M | ||
| Q2 25 | $39.5M | $122.4M | ||
| Q1 25 | $22.4K | $129.9M | ||
| Q4 24 | — | $120.3M | ||
| Q3 24 | $85.1K | $121.4M | ||
| Q2 24 | $42.9M | $142.8M | ||
| Q1 24 | $29.5K | $140.8M |
| Q4 25 | — | $-27.1M | ||
| Q3 25 | $34.0K | $-71.5M | ||
| Q2 25 | $38.5M | $-20.9M | ||
| Q1 25 | $11.4K | $-30.6M | ||
| Q4 24 | — | $-23.4M | ||
| Q3 24 | $44.5K | $-36.9M | ||
| Q2 24 | $21.6M | $-15.4M | ||
| Q1 24 | $15.7K | $-11.5M |
| Q4 25 | — | -15.7% | ||
| Q3 25 | 50.0% | -9.9% | ||
| Q2 25 | 93.3% | -10.5% | ||
| Q1 25 | 50.3% | -6.3% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | 58.0% | -15.6% | ||
| Q2 24 | 49.1% | -4.4% | ||
| Q1 24 | 59.2% | -0.0% |
| Q4 25 | — | -22.3% | ||
| Q3 25 | 51.7% | -56.1% | ||
| Q2 25 | 97.5% | -17.1% | ||
| Q1 25 | 51.1% | -23.5% | ||
| Q4 24 | — | -19.4% | ||
| Q3 24 | 52.2% | -30.4% | ||
| Q2 24 | 50.4% | -10.8% | ||
| Q1 24 | 53.2% | -8.1% |
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.48 | ||
| Q2 25 | $1.00 | $-0.14 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.25 | ||
| Q2 24 | $0.55 | $-0.10 | ||
| Q1 24 | — | $-0.08 |
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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $71.3K | $140.6M |
| Total DebtLower is stronger | — | $350.8M |
| Stockholders' EquityBook value | $275.2K | $-199.8M |
| Total Assets | $330.4K | $955.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $140.6M | ||
| Q3 25 | $71.3K | $124.8M | ||
| Q2 25 | $95.8M | $120.7M | ||
| Q1 25 | $71.3K | $105.9M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | $68.3K | $126.5M | ||
| Q2 24 | $61.7M | $123.4M | ||
| Q1 24 | $68.3K | $94.8M |
| Q4 25 | — | $350.8M | ||
| Q3 25 | — | $350.4M | ||
| Q2 25 | $43.7M | $350.1M | ||
| Q1 25 | — | $350.0M | ||
| Q4 24 | — | $393.2M | ||
| Q3 24 | — | $392.6M | ||
| Q2 24 | $51.2M | $391.9M | ||
| Q1 24 | — | $391.2M |
| Q4 25 | — | $-199.8M | ||
| Q3 25 | $275.2K | $-172.5M | ||
| Q2 25 | $312.8M | $-102.7M | ||
| Q1 25 | $275.2K | $-82.8M | ||
| Q4 24 | — | $-52.6M | ||
| Q3 24 | $233.2K | $-31.5M | ||
| Q2 24 | $254.0M | $5.0M | ||
| Q1 24 | $233.2K | $20.8M |
| Q4 25 | — | $955.8M | ||
| Q3 25 | $330.4K | $960.6M | ||
| Q2 25 | $363.8M | $1.0B | ||
| Q1 25 | $330.4K | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $296.3K | $1.1B | ||
| Q2 24 | $310.5M | $1.1B | ||
| Q1 24 | $296.3K | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.20× | 78.30× | ||
| Q1 24 | — | 18.85× |
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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $47.8K | $25.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $25.9M | ||
| Q3 25 | $47.8K | $26.5M | ||
| Q2 25 | $26.8M | $28.0M | ||
| Q1 25 | $17.3K | $-3.2M | ||
| Q4 24 | — | $-4.3M | ||
| Q3 24 | $58.7K | $14.8M | ||
| Q2 24 | $31.7M | $37.4M | ||
| Q1 24 | $18.7K | $11.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | — | ||
| 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.
Revenue Breakdown by Segment
PSHG
Segment breakdown not available.
WTI
| Oil And Condensate | $76.0M | 62% |
| Natural Gas Production | $36.6M | 30% |
| Natural Gas Liquids Reserves | $6.9M | 6% |
| Other | $2.2M | 2% |
