Himalaya Shipping Ltd.(HSHP)Earnings, Financials & Key Ratios
HSHP•NYSE
$13.30
35.0× P/E·Price updated Jun 27, 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$97M+4.6%
- Net Income$18M-15.9%
- EPS (Diluted)0.38-20.8%
- Gross Margin77.56%-2.3%
- EBITDA Margin73.84%-2.0%
- Operating Margin51.71%-4.1%
- Net Margin13.42%-21.2%
- ROE11.19%-17.9%
HSHP Price & Volume
Himalaya Shipping Ltd. (HSHP) stock price & volume — 10-year historical chart
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Newcastlemax Fleet Efficiency Drives Volatile Dividend Yield
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Vulnerable
Cash Flow:Improving
Primary Risk:Single-class fleet concentration
Key Thesis Takeaways
- Himalaya Shipping has successfully transitioned from a capital-intensive newbuild phase to a cash-generative operational model, evidenced by a 58.9% free cash flow margin in 2025Q4.
- While the company benefits from a modern, dual-fuel fleet, its heavy reliance on spot-market iron ore demand creates significant earnings volatility and potential dividend sustainability risks.
- Investors should monitor the company's 4.39x debt-to-equity ratio and the impact of its aggressive payout policy on liquidity, as the current ratio of 0.95 leaves little room for operational shocks.
Verdict Logic
while the company offers an attractive 4.5% dividend yield, the high 35.00 TTM P/E ratio and significant leverage suggest that the current valuation may not fully account for the risks inherent in a single-class fleet concentration.
HSHP Growth Metrics
Himalaya Shipping Ltd. (HSHP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM17.65%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM138.23%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM123.91%
Return on Capital
10 Years3.79%
5 Years3.79%
3 Years7.2%
Last Year8.16%
HSHP Recent Earnings
Himalaya Shipping Ltd. (HSHP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (18%)●Beat Revenue 3/12 qtrs (27%)
Q2 2026Latest
May 21, 2026Metric
Actual
Est
EPS
$0.11-13.8%
$0.13
Rev
$33M-0.6%
$33M
Q1 2026
Feb 10, 2026Metric
Actual
Est
EPS
$0.29-4.0%
$0.30
Rev
$42M-0.7%
$42M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.21+5.0%
$0.20
Rev
$38M-7.6%
$41M
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$30M-21.4%
$38M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $0.11vs $0.13-13.8% | $33Mvs $33M-0.6% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Himalaya Shipping Ltd. (HSHP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.30 | $627.03M | 35.00 | 6.73% | 13.42% | 11.19% | 4.52% | |
| $24.40 | $2.78B | 33.42 | -17.62% | 13.01% | 5.87% | — | |
| $68.97 | $1.97B | 7.19 | 0.76% | 24.86% | 10.52% | — | |
| $23.57 | $1.03B | -235.70 | -19.14% | 8.12% | 4.19% | — | |
| $6.39 | $650.67M | 21.30 | -10.37% | 13.99% | 4.68% | — | |
| $14.16 | $298.98M | 14.02 | -5.59% | 9.74% | 5.63% | — |
Compare HSHP vs Peers
Himalaya Shipping Ltd. (HSHP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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HSHP Frequently Asked Questions
Himalaya Shipping Ltd. (HSHP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Himalaya Shipping Ltd.'s revenue?
Himalaya Shipping Ltd. (HSHP) reported $143.5M in revenue for fiscal year 2025.
How fast is Himalaya Shipping Ltd. growing?
Himalaya Shipping Ltd. (HSHP) grew revenue by 6.7% over the past year. This is steady growth.
Is HSHP profitable?
Yes, Himalaya Shipping Ltd. (HSHP) is profitable, generating $29.1M in net income for fiscal year 2025 (13.4% net margin).
Dividend & Returns
Does HSHP pay dividends?
Yes, Himalaya Shipping Ltd. (HSHP) pays a dividend with a yield of 4.52%. This makes it attractive for income-focused investors.
What is HSHP's return on equity?
Himalaya Shipping Ltd. (HSHP) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.
What is Himalaya Shipping Ltd.'s free cash flow?
Himalaya Shipping Ltd. (HSHP) generated $61.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.