PSHG Nasdaq Deep Sea Foreign Transportation Of Freight Financials FY2016βFY2025
Performance Shipping Inc. had $84.2M of revenue in fiscal 2025, down 3.7% on the year before. Over five years, revenue changed +14.9% a year on average.
Hi! I read Performance Shipping Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β3.7%
No. Sales fell 3.7% last year.
Does it make a profit?
59.4%
Yes. It keeps 59.4% of every sale as profit.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Performance Shipping Inc. had $84.2M of revenue in fiscal 2025, down 3.7% on the year before. Over five years, revenue changed +14.9% a year on average. Its operating margin was 61.7%, up 13.9Β pts: of every 100 in sales, about 62 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Performance Shipping Inc. made $50.0M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
KIRA Β· Performance Shipping Inc. returned $0.0M to shareholders in fiscal 2025. The diluted share count fell 0.7%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Performance Shipping Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $9.6M | $38.7M | $67.3M | $70.3M | $48.2M |
| Debt incl. finance leases | $49.9M | $128M | $54.9M | $47.5M | β |
| Net debt / EBITDA | β | 1.8x | β0.1x | β0.4x | β |
| Debt / equity | 0.6x | 0.8x | 0.2x | 0.2x | β |
| Interest coverage | β4.7x | 10.1x | 7.9x | 31.1x | 7.6x |
| Current ratio | 1.3x | 2.0x | 5.2x | 5.3x | 2.2x |
| Quick ratio | 1.0x | 1.9x | 5.1x | 5.3x | 2.2x |
| Total assets | $145M | $293M | $296M | $330M | $560M |
| Total liabilities | $57.6M | $137M | $63.1M | $55.2M | $236M |
| Shareholders' equity | $87.3M | $156M | $233M | $275M | $323M |
| Net debt (β = net cash) | $40.3M | $88.9M | β$12.4M | β$22.9M | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Performance Shipping Inc. passes 4 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 3 / 8 | 4 / 8 | 6 / 8 | 2 / 8 | 5 / 8 | 6 / 8 | 5 / 8 | 4 / 7 |
| Accruals ratio | β51.4% | 6.6% | β31.6% | β24.2% | β6.5% | β4.3% | 1.1% | 0.5% | β5.2% | β0.0% |
| Altman Z'' | β9.15 | β5.36 | 11.46 | β5.35 | β4.87 | β6.93 | β1.26 | 3.71 | 4.80 | 1.20 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $37.0M | $23.8M | $0.0M | $6.3M | $42.0M | $36.5M | $75.2M | $109M | $87.4M | $84.2M |
| Operating income | β$142M | β$24.6M | β$8.0M | β$6.4M | $4.3M | β$8.5M | $40.0M | $75.5M | $41.8M | $51.9M |
| Interest expense | $4.9M | $13.8M | $0.0M | $0.7M | $2.1M | $1.8M | $4.0M | $9.6M | $1.3M | $6.8M |
| Net income | β$149M | $3.8M | β$52.9M | β$32.1M | $3.8M | β$9.7M | $36.3M | $69.4M | $43.7M | $50.0M |
| Net income to common | β | β | β$7.9M | β$32.1M | $5.2M | β$9.7M | $12.0M | $56.9M | $41.9M | $48.1M |
| Diluted EPS | β$100,821.38 | $8.94 | β$55.97 | β$11.19 | $15.74 | β$28.97 | $3.02 | $1.91 | $1.11 | $1.28 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B | 0.04B | 0.04B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | β$12.0M | β$12.7M | β$0.3M | β$4.2M | $13.2M | β$3.1M | $33.8M | $68.0M | $59.9M | $50.1M |
| Capital expenditure | $0.2M | $0.0M | $0.0M | $50.2M | β | β | β | β | β | β |
| Free cash flow | β$12.2M | β$12.7M | β$0.3M | β$54.4M | β | β | β | β | β | β |
| Depreciation and amortization | $12.7M | $8.1M | $4.9M | $3.7M | $5.9M | $7.5M | $9.3M | $14.8M | $13.3M | $15.1M |
| Stock-based compensation | β | β | β | $1.8M | $1.9M | $0.3M | $0.1M | $0.1M | $0.0M | $0.0M |
| Share buybacks | β | β | $0.0M | $0.0M | $0.7M | $0.0M | $0.0M | $2.7M | $0.0M | $0.0M |
| Dividends paid | β | β | β | $0.0M | $0.5M | $0.0M | $0.0M | $0.0M | β | β |
| Dividends and buybacks | β | β | $0.0M | $0.0M | $1.2M | $0.0M | $0.0M | $2.7M | $0.0M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $8.3M | $6.4M | $10.5M | $26.3M | $21.4M | $9.6M | $38.7M | $67.3M | $70.3M | $48.2M |
| Total debt | $127M | $12.1M | $0.0M | $32.3M | $57.7M | $49.9M | $128M | $54.9M | $47.5M | β |
| Current assets | $22.9M | $28.0M | $12.0M | $35.4M | $28.4M | $19.4M | $53.5M | $79.9M | $78.7M | $58.0M |
| Current liabilities | $130M | $101M | $2.9M | $8.1M | $10.8M | $15.2M | $26.1M | $15.3M | $14.9M | $26.2M |
| Inventory | $2.6M | $1.7M | $0.6M | $2.2M | $2.0M | $4.3M | $3.0M | $2.2M | $0.5M | $0.9M |
| Property and equipment, net | $240M | $201M | $0.0M | $59.4M | $129M | $123M | $237M | $213M | $248M | $498M |
| Intangible assets | $0.0M | β | β | β | β | β | β | β | β | β |
| Total assets | $267M | $232M | $100M | $131M | $158M | $145M | $293M | $296M | $330M | $560M |
| Total liabilities | $176M | $102M | $4.5M | $36.3M | $61.1M | $57.6M | $137M | $63.1M | $55.2M | $236M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $90.9M | $131M | $95.6M | $94.2M | $96.8M | $87.3M | $156M | $233M | $275M | $323M |
| Margins | ||||||||||
| Operating margin | β384.0% | β103.4% | β | β100.8% | 10.2% | β23.2% | 53.2% | 69.3% | 47.8% | 61.7% |
| EBITDA margin | β349.5% | β69.2% | β | β42.3% | 24.2% | β2.7% | 65.5% | 82.9% | 63.1% | 79.6% |
| Net margin | β402.8% | 16.0% | β | β508.8% | 9.0% | β26.6% | 48.3% | 63.7% | 50.0% | 59.4% |
| FCF margin | β32.9% | β53.2% | β | β862.6% | β | β | β | β | β | β |
| Returns | ||||||||||
| Return on capital | β53.5% | β14.2% | β7.4% | β5.0% | 2.5% | β5.2% | 12.9% | 27.0% | 13.1% | β |
| Return on capital employed | β103.9% | β18.8% | β8.2% | β5.2% | 2.9% | β6.5% | 15.0% | 26.9% | 13.3% | 9.7% |
| Return on equity | β164.0% | 3.4% | β46.7% | β33.8% | 4.0% | β10.5% | 29.9% | 35.7% | 17.2% | 16.7% |
| Return on assets | β55.9% | 1.5% | β31.8% | β27.8% | 2.6% | β6.4% | 16.6% | 23.6% | 14.0% | 11.2% |
| Return on tangible equity | β164.0% | 2.9% | β8.3% | β34.0% | 5.4% | β11.1% | 7.7% | 24.4% | 15.2% | 14.9% |
| Growth | ||||||||||
| Revenue growth | β | β35.6% | β100.0% | β | 567.3% | β13.2% | 106.0% | 44.9% | β19.7% | β3.7% |
| Net income growth | β | β | β1,485.0% | β | β | β357.0% | β | 91.2% | β37.0% | 14.3% |
| EPS growth | β | β | β726.1% | β | β | β284.1% | β | β36.8% | β41.9% | 15.3% |
| Share count change | β | 28,393.3% | 121.1% | 203.1% | β88.5% | 1.6% | 1,824.1% | 451.2% | 10.3% | β0.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | 3.6x | β | 1.8x | β0.1x | β0.4x | β |
| Debt / equity | 1.4x | 0.1x | 0.0x | 0.3x | 0.6x | 0.6x | 0.8x | 0.2x | 0.2x | β |
| Interest coverage | β29.0x | β1.8x | β | β9.8x | 2.0x | β4.7x | 10.1x | 7.9x | 31.1x | 7.6x |
| Current ratio | 0.2x | 0.3x | 4.2x | 4.4x | 2.6x | 1.3x | 2.0x | 5.2x | 5.3x | 2.2x |
| Quick ratio | 0.2x | 0.3x | 4.0x | 4.1x | 2.4x | 1.0x | 1.9x | 5.1x | 5.3x | 2.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.5% | 0.0% | β | 796.1% | β | β | β | β | β | β |
| Stock comp / revenue | β | β | β | 28.4% | 4.6% | 0.7% | 0.1% | 0.0% | 0.0% | 0.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 3.0 | 4.0 | 6.0 | 2.0 | 5.0 | 6.0 | 5.0 | 4.0 |
| Altman Z'' | β9.1 | β5.4 | 11.5 | β5.4 | β4.9 | β6.9 | β1.3 | 3.7 | 4.8 | 1.2 |
| Accruals ratio | β51.4% | 6.6% | β31.6% | β24.2% | β6.5% | β4.3% | 1.1% | 0.5% | β5.2% | β0.0% |
Source: SEC EDGAR XBRL filings (CIK 0001481241). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
