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Side-by-side financial comparison of Performance Shipping Inc. (PSHG) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

Performance Shipping Inc. is the larger business by last-quarter revenue ($39.5M vs $28.8M, roughly 1.4× X4 Pharmaceuticals, Inc). Performance Shipping Inc. runs the higher net margin — 97.5% vs 1.0%, a 96.6% 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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

PSHG vs XFOR — Head-to-Head

Bigger by revenue
PSHG
PSHG
1.4× larger
PSHG
$39.5M
$28.8M
XFOR
Higher net margin
PSHG
PSHG
96.6% more per $
PSHG
97.5%
1.0%
XFOR

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
PSHG
PSHG
XFOR
XFOR
Revenue
$39.5M
$28.8M
Net Profit
$38.5M
$282.0K
Gross Margin
83.6%
Operating Margin
93.3%
-32.8%
Net Margin
97.5%
1.0%
Revenue YoY
-7.9%
Net Profit YoY
78.1%
100.5%
EPS (diluted)
$1.00
$0.04

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
XFOR
XFOR
Q2 25
$39.5M
Q1 25
$28.8M
Q2 24
$42.9M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
PSHG
PSHG
XFOR
XFOR
Q2 25
$38.5M
Q1 25
$282.0K
Q2 24
$21.6M
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
PSHG
PSHG
XFOR
XFOR
Q2 25
Q1 25
83.6%
Q2 24
Q1 24
Q3 23
Q2 23
Operating Margin
PSHG
PSHG
XFOR
XFOR
Q2 25
93.3%
Q1 25
-32.8%
Q2 24
49.1%
Q1 24
Q3 23
Q2 23
Net Margin
PSHG
PSHG
XFOR
XFOR
Q2 25
97.5%
Q1 25
1.0%
Q2 24
50.4%
Q1 24
Q3 23
Q2 23
EPS (diluted)
PSHG
PSHG
XFOR
XFOR
Q2 25
$1.00
Q1 25
$0.04
Q2 24
$0.55
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
PSHG
PSHG
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$95.8M
$40.3M
Total DebtLower is stronger
$43.7M
$75.0M
Stockholders' EquityBook value
$312.8M
$22.9M
Total Assets
$363.8M
$130.0M
Debt / EquityLower = less leverage
0.14×
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSHG
PSHG
XFOR
XFOR
Q2 25
$95.8M
Q1 25
$40.3M
Q2 24
$61.7M
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
PSHG
PSHG
XFOR
XFOR
Q2 25
$43.7M
Q1 25
$75.0M
Q2 24
$51.2M
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
PSHG
PSHG
XFOR
XFOR
Q2 25
$312.8M
Q1 25
$22.9M
Q2 24
$254.0M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
PSHG
PSHG
XFOR
XFOR
Q2 25
$363.8M
Q1 25
$130.0M
Q2 24
$310.5M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
PSHG
PSHG
XFOR
XFOR
Q2 25
0.14×
Q1 25
3.27×
Q2 24
0.20×
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$26.8M
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.70×
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSHG
PSHG
XFOR
XFOR
Q2 25
$26.8M
Q1 25
$-12.4M
Q2 24
$31.7M
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
PSHG
PSHG
XFOR
XFOR
Q2 25
Q1 25
Q2 24
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
Capex Intensity
PSHG
PSHG
XFOR
XFOR
Q2 25
Q1 25
0.0%
Q2 24
0.0%
Q1 24
Q3 23
Q2 23
Cash Conversion
PSHG
PSHG
XFOR
XFOR
Q2 25
0.70×
Q1 25
-43.86×
Q2 24
1.47×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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