Himalaya Shipping Ltd.(HSHP)Earnings, Financials & Key Ratios
HSHP•NYSE
$15.79
$737M mkt cap·41.6× P/E·Price updated May 7, 2026
AboutHimalaya Shipping Ltd. focuses on the provision of dry bulk shipping services. The company was incorporated in 2021 and is based in Hamilton, Bermuda.Show more
- Revenue$132M+6.7%
- EBITDA$100M+7.7%
- Net Income$18M-13.4%
- EPS (Diluted)0.38-20.8%
- Gross Margin77.56%-2.3%
- EBITDA Margin76.01%+0.9%
- Operating Margin53.22%-1.3%
- Net Margin13.81%-18.9%
- ROE11.52%-15.5%
- ROIC6.31%-10.4%
- Debt/Equity4.26-7.6%
- Interest Coverage1.33-7.1%
HSHP Key Insights
Himalaya Shipping Ltd. (HSHP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 39.2% free cash flow margin
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.8%
- ✓Healthy 5Y average net margin of 11.7%
- ✓Trading near 52-week high
✗Weaknesses
- ✗High debt to equity ratio of 4.3x
- ✗Dividend payout exceeds 100% of earnings
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HSHP Price & Volume
Himalaya Shipping Ltd. (HSHP) stock price & volume — 10-year historical chart
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HSHP Growth Metrics
Himalaya Shipping Ltd. (HSHP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM6.71%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-15.91%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-19.71%
Return on Capital
10 Years3.84%
5 Years3.84%
3 Years7.28%
Last Year8.4%
HSHP Recent Earnings
Himalaya Shipping Ltd. (HSHP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (27%)●Beat Revenue 4/12 qtrs (36%)
Q1 2026Latest
Feb 10, 2026EPS
$0.29
Est $0.30
-4.0%
Revenue
$42M
Est $42M
-0.7%
Q4 2025
Nov 6, 2025EPS
$0.21
Est $0.20
+5.0%
Revenue
$38M
Est $41M
-7.6%
Q3 2025
Aug 8, 2025EPS
$0.02
Est $0.02
+0.0%
Revenue
$30M
Est $38M
-21.4%
Q2 2025
May 22, 2025EPS
$0.14
Est $0.15
+5.9%
Revenue
$22M
Est $31M
-29.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 10, 2026 | $0.29vs $0.30-4.0% | $42Mvs $42M-0.7% |
| Q4 2025 | Nov 6, 2025 | $0.21vs $0.20+5.0% | $38Mvs $41M-7.6% |
| Q3 2025 | Aug 8, 2025 | $0.02vs $0.02+0.0% | $30Mvs $38M-21.4% |
| Q2 2025 | May 22, 2025 | $0.14vs $0.15+5.9% | $22Mvs $31M-29.5% |
Based on last 12 quarters of dataView full earnings history →
HSHP Peer Comparison
Himalaya Shipping Ltd. (HSHP) competitors in Dry Bulk Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SBLK | 3.09B | 26.81 | 36.73 | -17.62% | 8.07% | 3.44% | 0.44 | |
 NMM | 2.07B | 71.57 | 5.97 | 2.08% | 19.95% | 8.09% | 0.46 | |
 GNK | 1.1B | 25.21 | -252.10 | -19.14% | 8.12% | 4.19% | 0.22 | |
 SB | 730.18M | 6.94 | 8.36 | 8.17% | 16.78% | 5.58% | 0.65 | |
 SHIP | 342.26M | 16.21 | 16.05 | -5.59% | 9.74% | 5.29% | 1.03 | |
 CTRM | 78.27M | 2.02 | 2.32 | -32.07% | -65.41% | -8.02% | 0.18 | |
 EDRY | 60.66M | 21.46 | -6.06 | 28.35% | -21.73% | -10.84% | 1.02 | |
 TOPS | 10.18M | 2.20 | 2.02 | 3.83% | 1.19% | 0.8% | 1.74 |
Compare HSHP vs Peers
Himalaya Shipping Ltd. (HSHP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HSHP Income Statement
Himalaya Shipping Ltd. (HSHP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 36.74M | 123.58M | 131.9M |
| Revenue Growth % | - | - | - | 236.4% | 6.73% |
| Cost of Goods Sold | 0 | 0 | 18.26M | 25.45M | 29.6M |
| COGS % of Revenue | - | - | 49.72% | 20.6% | 22.44% |
| Gross Profit | 0▲ 0% | 0▲ 0% | 18.47M▲ 0% | 98.13M▲ 431.2% | 102.3M▲ 4.3% |
| Gross Margin % | - | - | 50.28% | 79.4% | 77.56% |
| Gross Profit Growth % | - | - | - | 431.23% | 4.25% |
| Operating Expenses | 973.85K | 1.97M | 3.85M | 31.5M | 34.1M |
| OpEx % of Revenue | - | - | 10.47% | 25.49% | 25.85% |
| Selling, General & Admin | 973.85K | 1.97M | 3.85M | 5.03M | 4.9M |
| SG&A % of Revenue | - | - | 10.47% | 4.07% | 3.71% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 26.47M | 29.2M |
| Operating Income | -973.85K▲ 0% | -1.97M▼ 102.4% | 14.63M▲ 842.1% | 66.62M▲ 355.5% | 70.2M▲ 5.4% |
| Operating Margin % | - | - | 39.81% | 53.91% | 53.22% |
| Operating Income Growth % | - | -102.39% | 842.06% | 355.51% | 5.37% |
| EBITDA | 418.15K | -1.95M | 23.74M | 93.1M | 100.26M |
| EBITDA Margin % | - | - | 64.63% | 75.33% | 76.01% |
| EBITDA Growth % | - | -567.06% | 1315.77% | 292.09% | 7.7% |
| D&A (Non-Cash Add-back) | 1.39M | 0 | 9.12M | 26.47M | 30.06M |
| EBIT | -1.39M | -1.95M | 15.12M | 67.69M | 71.13M |
| Net Interest Income | 0 | 0 | -13.11M | -45.56M | -51.88M |
| Interest Income | 0 | 0 | 489K | 1.01M | 1.03M |
| Interest Expense | 0 | 0 | 13.6M | 46.64M | 52.91M |
| Other Income/Expense | 0 | 18K | -13.11M | -45.57M | -51.98M |
| Pretax Income | -973.85K▲ 0% | -1.95M▼ 100.5% | 1.51M▲ 177.5% | 21.05M▲ 1290.7% | 17.7M▼ 15.9% |
| Pretax Margin % | - | - | 4.12% | 17.04% | 13.42% |
| Income Tax | 0 | 0 | 0 | 11K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0.05% | 0% |
| Net Income | -973.85K▲ 0% | -1.95M▼ 100.5% | 1.51M▲ 177.5% | 21.04M▲ 1290.0% | 18.22M▼ 13.4% |
| Net Margin % | - | - | 4.12% | 17.03% | 13.81% |
| Net Income Growth % | - | -100.54% | 177.52% | 1289.96% | -13.42% |
| Net Income (Continuing) | -973.85K | -1.95M | 1.51M | 21.04M | 18.22M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05▲ 0% | -0.06▼ 14.7% | 0.04▲ 164.3% | 0.48▲ 1124.5% | 0.38▼ 20.8% |
| EPS Growth % | - | -14.66% | 164.26% | 1124.49% | -20.83% |
| EPS (Basic) | -0.05 | -0.06 | 0.04 | 0.48 | 0.38 |
| Diluted Shares Outstanding | 18.32M | 32.15M | 38.64M | 43.91M | 46.02M |
| Basic Shares Outstanding | 18.32M | 32.15M | 38.64M | 43.9M | 46.58M |
| Dividend Payout Ratio | - | - | - | 98.05% | 151.98% |
HSHP Balance Sheet
Himalaya Shipping Ltd. (HSHP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Total Current Assets | 11.3M | 1.67M | 32.81M | 26.8M | 39.7M |
| Cash & Short-Term Investments | 11.3M | 263K | 25.55M | 19.37M | 32.4M |
| Cash Only | 11.3M | 263K | 25.55M | 19.37M | 32.4M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 811K | 1.25M | 700K |
| Days Sales Outstanding | - | - | 8.06 | 3.69 | 1.94 |
| Inventory | 0 | 0 | 634K | 1.5M | 1.7M |
| Days Inventory Outstanding | - | - | 12.67 | 21.58 | 20.96 |
| Other Current Assets | 0 | 0 | 2.4M | 1.07M | 3.5M |
| Total Non-Current Assets | 83.9M | 176.15M | 566.4M | 853.3M | 824.2M |
| Property, Plant & Equipment | 83.5M | 176.15M | 561.26M | 852.98M | 823.8M |
| Fixed Asset Turnover | - | - | 0.07x | 0.14x | 0.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 324K | 400K |
| Other Non-Current Assets | 400K | 0 | 5.14M | 0 | 0 |
| Total Assets | 95.2M▲ 0% | 177.81M▲ 86.8% | 599.21M▲ 237.0% | 880.1M▲ 46.9% | 863.9M▼ 1.8% |
| Asset Turnover | - | - | 0.06x | 0.14x | 0.15x |
| Asset Growth % | - | 86.78% | 236.98% | 46.88% | -1.84% |
| Total Current Liabilities | 800K | 26.05M | 25.3M | 35.8M | 36.6M |
| Accounts Payable | 800K | 14.89M | 1.69M | 821K | 1.3M |
| Days Payables Outstanding | - | - | 33.83 | 11.77 | 16.03 |
| Short-Term Debt | 0 | 7M | 19.8M | 24.3M | 23.6M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 261K | 1.28M | 3.44M | 5.3M |
| Current Ratio | 14.13x | 0.06x | 1.30x | 0.75x | 1.08x |
| Quick Ratio | 14.13x | 0.06x | 1.27x | 0.71x | 1.04x |
| Cash Conversion Cycle | - | - | -13.11 | 13.5 | 6.87 |
| Total Non-Current Liabilities | 2.5M | 61.44M | 419.7M | 689.58M | 665.6M |
| Long-Term Debt | 0 | 60.44M | 419.7M | 689.58M | 665.6M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.5M | 1M | 0 | 0 | 0 |
| Total Liabilities | 3.3M | 87.49M | 445M | 725.38M | 702.2M |
| Total Debt | 0 | 67.44M | 439.5M | 713.89M | 689.2M |
| Net Debt | -11.3M | 67.18M | 413.94M | 694.52M | 656.8M |
| Debt / Equity | - | 0.75x | 2.85x | 4.61x | 4.26x |
| Debt / EBITDA | - | - | 18.51x | 7.67x | 6.87x |
| Net Debt / EBITDA | -27.02x | - | 17.43x | 7.46x | 6.55x |
| Interest Coverage | - | - | 1.08x | 1.43x | 1.33x |
| Total Equity | 91.9M▲ 0% | 90.33M▼ 1.7% | 154.21M▲ 70.7% | 154.72M▲ 0.3% | 161.7M▲ 4.5% |
| Equity Growth % | - | -1.71% | 70.72% | 0.33% | 4.51% |
| Book Value per Share | 5.02 | 2.81 | 3.99 | 3.52 | 3.51 |
| Total Shareholders' Equity | 91.9M | 90.33M | 154.21M | 154.72M | 161.7M |
| Common Stock | 32.2M | 32.15M | 43.9M | 43.9M | 46.7M |
| Retained Earnings | -1M | -3M | -1.48M | 19.56M | 37.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
HSHP Cash Flow Statement
Himalaya Shipping Ltd. (HSHP) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash from Operations | -486.93K | -1.45M | 6.47M | 55.84M | 51.7M |
| Operating CF Margin % | - | - | 17.62% | 45.19% | 39.2% |
| Operating CF Growth % | - | -196.97% | 547.72% | 762.53% | -7.41% |
| Net Income | -973.85K | -1.95M | 1.51M | 21.04M | 17.7M |
| Depreciation & Amortization | 0 | 0 | 9.12M | 28.9M | 31.9M |
| Stock-Based Compensation | 0 | 401K | 474K | 512K | 200K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 0 | 1.38M | -861K | 500K |
| Working Capital Changes | 486.93K | 106K | -6.01M | 6.25M | 1.4M |
| Change in Receivables | 0 | 0 | -3.51M | -438K | 500K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 444K | 485K | 0 | 0 |
| Cash from Investing | -67M | -78.2M | -413.06M | -313.36M | 0 |
| Capital Expenditures | -67M | -78.2M | -413.06M | -313.05M | 0 |
| CapEx % of Revenue | - | - | 1124.39% | 253.32% | - |
| Acquisitions | 0 | 0 | 0 | -305K | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 78.49M | 68.62M | 431.87M | 251.34M | -39.84M |
| Debt Issued (Net) | 0 | 70.83M | 373.63M | 274.28M | -33.3M |
| Equity Issued (Net) | 1000K | -513K | 1000K | 0 | 1000K |
| Dividends Paid | 0 | 0 | 0 | -20.63M | -27.69M |
| Share Repurchases | 0 | -513K | 0 | 0 | 0 |
| Other Financing | 0 | -1.69M | -3.95M | -2.31M | 5.2M |
| Net Change in Cash | 11.29M▲ 0% | -11.02M▼ 197.7% | 25.29M▲ 329.5% | -6.18M▼ 124.5% | 13.03M▲ 310.7% |
| Free Cash Flow | -67.49M▲ 0% | -79.64M▼ 18.0% | -406.58M▼ 410.5% | -257.21M▲ 36.7% | 51.7M▲ 120.1% |
| FCF Margin % | - | - | -1106.76% | -208.14% | 39.2% |
| FCF Growth % | - | -18.01% | -410.5% | 36.74% | 120.1% |
| FCF per Share | -3.68 | -2.48 | -10.52 | -5.86 | 1.12 |
| FCF Conversion (FCF/Net Income) | 0.50x | 0.74x | 4.28x | 2.65x | 2.84x |
| Interest Paid | 0 | 0 | 12.99M | 40.29M | 49.5M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
HSHP Key Ratios
Himalaya Shipping Ltd. (HSHP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -1.06% | -2.14% | 1.24% | 13.62% | 11.52% |
| Return on Invested Capital (ROIC) | - | -1.24% | 3.02% | 7.05% | 6.31% |
| Gross Margin | - | - | 50.28% | 79.4% | 77.56% |
| Net Margin | - | - | 4.12% | 17.03% | 13.81% |
| Debt / Equity | - | 0.75x | 2.85x | 4.61x | 4.26x |
| Interest Coverage | - | - | 1.08x | 1.43x | 1.33x |
| FCF Conversion | 0.50x | 0.74x | 4.28x | 2.65x | 2.84x |
| Revenue Growth | - | - | - | 236.4% | 6.73% |
HSHP Frequently Asked Questions
Himalaya Shipping Ltd. (HSHP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Himalaya Shipping Ltd. (HSHP) reported $131.9M in revenue for fiscal year 2025.
Himalaya Shipping Ltd. (HSHP) grew revenue by 6.7% over the past year. This is steady growth.
Yes, Himalaya Shipping Ltd. (HSHP) is profitable, generating $17.7M in net income for fiscal year 2025 (13.8% net margin).
Dividend & Returns
Yes, Himalaya Shipping Ltd. (HSHP) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.
Himalaya Shipping Ltd. (HSHP) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Himalaya Shipping Ltd. (HSHP) generated $51.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More HSHP
Himalaya Shipping Ltd. (HSHP) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates