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PSHG logoPerformance Shipping Inc.(PSHG)Earnings, Financials & Key Ratios

PSHG•NASDAQ
$1.89
$74M mkt cap·1.8× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryMarine ShippingSub-IndustryOil and Product Tankers
AboutPerformance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.Show more
  • Revenue$87M-19.7%
  • EBITDA$56M-38.0%
  • Net Income$44M-37.0%
  • EPS (Diluted)1.07-44.0%
  • Gross Margin57.31%-8.1%
  • EBITDA Margin64.08%-22.7%
  • Operating Margin47.82%-31.0%
  • Net Margin50.01%-21.5%
  • ROE17.2%-51.8%
  • ROIC13.25%-45.5%
  • Debt/Equity0.17-26.8%
  • Interest Coverage31.09+295.0%
Technical→

PSHG Key Insights

Performance Shipping Inc. (PSHG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.6%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 26.6%
  • ✓Healthy dividend yield of 2.5%
  • ✓Healthy 5Y average net margin of 28.9%
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Shares diluted 10.3% in last year
  • ✗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.

PSHG Price & Volume

Performance Shipping Inc. (PSHG) stock price & volume — 10-year historical chart

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PSHG Growth Metrics

Performance Shipping Inc. (PSHG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.93%
5 Years26.64%
3 Years33.82%
TTM-11.07%

Profit CAGR

10 Years29.73%
5 Years-
3 Years-
TTM-11.65%

EPS CAGR

10 Years-71.99%
5 Years-
3 Years-
TTM21.97%

Return on Capital

10 Years-7.77%
5 Years11.76%
3 Years20.59%
Last Year14.02%

PSHG Peer Comparison

Performance Shipping Inc. (PSHG) competitors in Oil and Product Tankers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
INSW logoINSWInternational Seaways, Inc.Direct Competitor4.24B85.7713.77-11.38%36.67%16.02%0.29
TNK logoTNKTeekay Tankers Ltd.Direct Competitor2.76B79.377.86-22.58%36.9%17.18%0.03
STNG logoSTNGScorpio Tankers Inc.Direct Competitor4.27B82.5611.74-24.58%36.7%11.3%0.19
DHT logoDHTDHT Holdings, Inc.Direct Competitor3.05B18.9414.46-13.04%42.37%19.28%0.38
TEN logoTENTsakos Energy Navigation LimitedDirect Competitor1.3B43.178.58-9.61%14.13%6.19%1.00
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
NAT logoNATNordic American Tankers LimitedProduct Competitor1.22B5.7726.23-10.71%0.68%0.41%0.53
FRO logoFROFrontline Ltd.Product Competitor8.39B37.7016.9113.77%12.34%9.37%1.60

Compare PSHG vs Peers

Performance Shipping Inc. (PSHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs INSW

Most directly comparable listed peer for PSHG.

Scale Benchmark

vs FRO

Larger-name benchmark to compare PSHG against a more recognizable public peer.

Peer Set

Compare Top 5

vs INSW, TNK, STNG, DHT

PSHG Income Statement

Performance Shipping Inc. (PSHG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue33.19M23.81M25.57M26.85M42.05M36.49M75.17M108.94M87.44M79.69M
Revenue Growth %-46.62%-28.28%7.39%5.01%56.62%-13.21%106%44.92%-19.73%-11.07%
Cost of Goods Sold46.12M32.58M21.66M18.45M32.06M38.98M37.97M41.02M37.33M35.56M
COGS % of Revenue138.95%136.86%84.74%68.73%76.26%106.82%50.51%37.65%42.69%-
Gross Profit
-12.93M▲ 0%
-8.78M▲ 32.1%
3.9M▲ 144.5%
8.39M▲ 115.2%
14.22M▲ 69.4%
-2.49M▼ 117.5%
37.2M▲ 1595.9%
67.92M▲ 82.6%
50.11M▼ 26.2%
44.13M▲ 0%
Gross Margin %-38.95%-36.86%15.26%31.27%33.82%-6.82%49.49%62.35%57.31%55.37%
Gross Profit Growth %-222.26%32.12%144.46%115.18%69.39%-117.49%1595.9%82.57%-26.22%-
Operating Expenses7.24M8.37M8.03M8.31M8.41M5.97M6.78M-7.61M8.3M-6.67M
OpEx % of Revenue21.81%35.14%31.41%30.95%20%16.37%9.02%-6.99%9.49%-
Selling, General & Admin7.24M8.37M8.03M8.16M7.99M5.78M6.75M8.01M8.3M8.97M
SG&A % of Revenue21.81%35.14%31.41%30.4%18.99%15.85%8.98%7.35%9.49%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses000147K426K191K33K-15.62M0-80K
Operating Income
-142.04M▲ 0%
-24.61M▲ 82.7%
-41.44M▼ 68.4%
-31.66M▲ 23.6%
4.27M▲ 113.5%
-8.46M▼ 297.9%
39.98M▲ 572.6%
75.53M▲ 88.9%
41.81M▼ 44.6%
50.73M▲ 0%
Operating Margin %-427.91%-103.38%-162.09%-117.95%10.17%-23.18%53.19%69.34%47.82%63.66%
Operating Income Growth %-1256.38%82.67%-68.38%23.59%113.5%-297.94%572.6%88.92%-44.64%-
EBITDA-125.5M-16.46M-36.49M-30.88M10.07M-988K49.26M90.33M56.04M63.67M
EBITDA Margin %-378.09%-69.15%-142.74%-115.03%23.96%-2.71%65.53%82.92%64.08%79.9%
EBITDA Growth %-2897.01%86.88%-121.67%15.38%132.62%-109.81%5086.13%83.36%-37.96%-12.21%
D&A (Non-Cash Add-back)16.54M8.15M4.95M783K5.8M7.47M9.28M14.79M14.22M12.94M
EBIT-141.92M17.26M-8.07M-6.33M4.38M-8.3M30.42M79.01M41.81M53.27M
Net Interest Income-6.97M-13.76M-11.46M-393K-1.98M-1.78M-3.68M-6.3M1.91M1.38M
Interest Income120K87K64K258K110K18K284K3.3M3.25M4.17M
Interest Expense7.09M13.84M11.52M651K2.09M1.8M3.97M9.6M1.34M2.79M
Other Income/Expense-6.97M28.43M-44.89M-393K-1.98M-1.65M-3.68M-6.12M1.92M1.38M
Pretax Income
-149.01M▲ 0%
3.82M▲ 102.6%
-52.9M▼ 1485.0%
-32.06M▲ 39.4%
2.29M▲ 107.2%
-9.71M▼ 522.9%
36.3M▲ 474.0%
69.41M▲ 91.2%
43.73M▼ 37.0%
52.12M▲ 0%
Pretax Margin %-448.92%16.04%-206.9%-119.41%5.46%-26.6%48.29%63.72%50.01%65.4%
Income Tax0048.99M-31.36M01.59M0000
Effective Tax Rate %0%0%-92.63%97.81%0%-16.4%0%0%0%0%
Net Income
-149.01M▲ 0%
3.82M▲ 102.6%
-52.9M▼ 1485.0%
-32.06M▲ 39.4%
3.78M▲ 111.8%
-9.71M▼ 357.0%
36.3M▲ 474.0%
69.41M▲ 91.2%
43.73M▼ 37.0%
52.12M▲ 0%
Net Margin %-448.92%16.04%-206.9%-119.41%8.98%-26.6%48.29%63.72%50.01%65.4%
Net Income Growth %-750%102.56%-1485.05%39.4%111.78%-356.98%474%91.22%-37%-11.65%
Net Income (Continuing)-149.01M3.82M-52.9M-6.74M2.29M-10.11M36.3M69.41M43.73M52.12M
Discontinued Operations00001.48M400K0000
Minority Interest0000000000
EPS (Diluted)
-999999.00▲ 0%
1341.00▲ 100.1%
-839.56▼ 162.6%
-3.67▲ 99.6%
15.75▲ 529.2%
-30.16▼ 291.5%
3.02▲ 110.0%
1.91▼ 36.8%
1.07▼ 44.0%
1.34▲ 0%
EPS Growth %-665%100.01%-162.61%99.56%529.16%-291.49%110.01%-36.75%-43.98%21.97%
EPS (Basic)-999999.001341.00-839.56-3.6715.90-30.166.495.433.39-
Diluted Shares Outstanding102.85K63K190.98K329.7K335.09K6.45M35.54M39.2M39M
Basic Shares Outstanding102.85K63K190.98K325.03K335.09K1.85M10.49M12.37M39M
Dividend Payout Ratio----13.29%-2.59%2.72%4.19%-

PSHG Balance Sheet

Performance Shipping Inc. (PSHG) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets17.32M24.82M10.49M37.38M28.43M19.43M53.46M79.91M78.65M212.17M
Cash & Short-Term Investments17.32M6.44M10.49M26.36M21.38M9.57M38.73M67.27M70.31M212.17M
Cash Only17.32M6.44M10.49M26.36M21.38M9.57M38.73M67.27M70.31M212.17M
Short-Term Investments0000000000
Accounts Receivable471K428K110K3.98M3.5M3.79M9.11M8.28M5.81M0
Days Sales Outstanding5.186.561.5754.1830.4137.9344.2327.7424.2510.74
Inventory2.58M1.67M634K2.85M1.98M4.29M3.04M2.2M549K0
Days Inventory Outstanding20.4318.6810.6856.3222.5540.1429.1919.65.373.17
Other Current Assets9M18.38M03.07M290K104K66K2.16M1.98M0
Total Non-Current Assets249.22M207.49M89.59M93.19M129.43M125.5M239.52M216.35M251.74M342.14M
Property, Plant & Equipment241.3M202.22M86.87M83.86M129.24M123.19M236.84M213.55M248.13M298.17M
Fixed Asset Turnover0.14x0.12x0.29x0.32x0.33x0.30x0.32x0.51x0.35x0.30x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments0000001.05M1M1M2M
Other Non-Current Assets7.92M5.27M2.73M9.32M184K2.31M1.62M1.8M2.61M58.08M
Total Assets
266.53M▲ 0%
232.31M▼ 12.8%
100.09M▼ 56.9%
130.57M▲ 30.5%
157.85M▲ 20.9%
144.92M▼ 8.2%
292.98M▲ 102.2%
296.27M▲ 1.1%
330.39M▲ 11.5%
554.31M▲ 0%
Asset Turnover0.12x0.10x0.26x0.21x0.27x0.25x0.26x0.37x0.26x0.20x
Asset Growth %-38.83%-12.84%-56.92%30.46%20.9%-8.19%102.16%1.12%11.52%119.78%
Total Current Liabilities127.13M96.95M2.86M8.07M10.82M15.19M26.1M15.34M14.86M0
Accounts Payable1.47M1.72M1.19M1.32M1.47M5.74M4.58M4.63M2.21M0
Days Payables Outstanding11.6419.2120.0826.1516.7653.7744.0341.221.6512.84
Short-Term Debt127.13M96.95M04.28M7.77M7.79M16.75M7.43M7.44M0
Deferred Revenue (Current)108K439K305K01.17M1.47M1.38M0930K1.8M
Other Current Liabilities000777K-784K-1.22M433K0789K0
Current Ratio0.14x0.26x3.67x4.63x2.63x1.28x2.05x5.21x5.29x5.29x
Quick Ratio0.12x0.24x3.45x4.28x2.44x1.00x1.93x5.06x5.26x5.26x
Cash Conversion Cycle13.966.02-7.8384.3536.224.329.46.157.971.06
Total Non-Current Liabilities48.52M4.58M4.51M36.33M50.24M42.39M111.17M47.74M40.29M238.03M
Long-Term Debt45.62M0028M49.9M42.11M110.93M47.46M40.02M225.3M
Capital Lease Obligations000118K90K18K90K33K00
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities171K4.58M1.65M146K251K262K156K246K273K22.37M
Total Liabilities175.65M101.53M4.51M36.33M61.06M57.58M137.27M63.08M55.15M238.03M
Total Debt172.75M96.95M032.28M57.67M49.9M127.84M54.98M47.51M225.3M
Net Debt155.43M90.51M-10.49M5.92M36.29M40.32M89.11M-12.28M-22.8M13.12M
Debt / Equity1.90x0.74x-0.34x0.60x0.57x0.82x0.24x0.17x0.17x
Debt / EBITDA----5.72x-2.60x0.61x0.85x3.54x
Net Debt / EBITDA----3.60x-1.81x-0.14x-0.41x-0.41x
Interest Coverage-20.02x-1.78x-3.60x-48.64x2.05x-4.70x10.08x7.87x31.09x19.08x
Total Equity
90.88M▲ 0%
130.77M▲ 43.9%
95.58M▼ 26.9%
94.24M▼ 1.4%
96.8M▲ 2.7%
87.35M▼ 9.8%
155.71M▲ 78.3%
233.18M▲ 49.8%
275.24M▲ 18.0%
316.28M▲ 0%
Equity Growth %-62%43.9%-26.91%-1.4%2.72%-9.76%78.26%49.76%18.04%84.87%
Book Value per Share999999.0045901.021517.01493.45293.59260.6824.156.567.028.11
Total Shareholders' Equity90.88M130.77M95.58M94.24M96.8M87.35M155.71M233.18M275.24M316.28M
Common Stock94K40K143K489K51K51K42K123K124K316.28M
Retained Earnings-284.07M-280.26M-333.15M-365.21M-360.43M-370.14M-358.04M-301.12M-259.22M0
Treasury Stock0000000000
Accumulated OCI-20K6K57K69K8K-2K66K49K53K0
Minority Interest0000000000

PSHG Cash Flow Statement

Performance Shipping Inc. (PSHG) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-11.96M-12.65M-330K-4.19M13.18M-3.12M33.85M67.95M59.67M59.67M
Operating CF Margin %-36.04%-53.15%-1.29%-15.62%31.34%-8.56%45.03%62.38%68.24%-
Operating CF Growth %-168.58%-5.77%97.39%-1170.91%414.16%-123.7%1183.8%100.77%-12.19%-169.7%
Net Income-149.01M3.82M-52.9M-32.06M3.78M-9.71M36.3M69.41M43.73M52.12M
Depreciation & Amortization16.54M8.15M4.95M783K5.8M7.47M9.28M14.79M13.34M0
Stock-Based Compensation1.12M1.17M1.59M1.79M1.92M268K107K52K00
Deferred Taxes000-2.57M-7.71M-7.74M-9.39M000
Other Non-Cash Items139.28M-19.57M52.6M37.4M8.1M6.26M-536K-18.52M-890K-25.75M
Working Capital Changes-2.23M3.09M-38K-9.53M1.3M323K-1.92M2.22M3.49M0
Change in Receivables282K43K318K-4.58M1.07M-196K-5.32M830K3.23M0
Change in Inventory1.12M914K1.03M-2.21M866K-2.31M1.25M834K1.65M0
Change in Payables-1.24M175K-455K780K-293K3.23M-293K16K-2.67M0
Cash from Investing10.57M6.67M93.15M-18.52M-40.15M-770K-112.95M25.72M-47.41M-90.16M
Capital Expenditures-223K-15K-126K-50.22M-63.61M-1.78M-145.58M-11.91M-47.41M0
CapEx % of Revenue0.67%0.06%0.49%187.05%151.29%4.89%193.65%10.94%54.22%-
Acquisitions10.62M5.89M92.91M28.87M23.46M1.01M32.63M00-38.37M
Investments----------
Other Investing10.8M6.68M93.28M2.83M00037.64M0-51.79M
Cash from Financing-19.68M4.12M-88.77M38.58M21.98M-7.91M109.25M-65.14M-9.21M186.47M
Debt Issued (Net)-19.16M-36.5M-106.12M32.48M25.62M-7.91M78.31M-73.28M-7.53M0
Equity Issued (Net)01000K1000K1000K-1000K01000K1000K158K0
Dividends Paid-374K000-502K0-941K-1.89M-1.83M0
Share Repurchases0000-2.57M00-2.75M00
Other Financing-150K0-68K-352K-561K04M190K0186.47M
Net Change in Cash
-21.07M▲ 0%
-1.87M▲ 91.1%
4.05M▲ 316.3%
15.87M▲ 291.9%
-4.99M▼ 131.4%
-11.8M▼ 136.8%
30.15M▲ 355.4%
28.54M▼ 5.3%
3.05M▼ 89.3%
116.39M▲ 0%
Free Cash Flow
-12.19M▲ 0%
-12.67M▼ 4.0%
-456K▲ 96.4%
-54.41M▼ 11832.0%
-50.43M▲ 7.3%
-4.91M▲ 90.3%
-111.73M▼ 2176.5%
56.04M▲ 150.2%
12.48M▼ 77.7%
-35.36M▲ 0%
FCF Margin %-36.71%-53.21%-1.78%-202.67%-119.95%-13.45%-148.63%51.44%14.27%-44.37%
FCF Growth %88.01%-3.96%96.4%-11832.02%7.31%90.27%-2176.47%150.16%-77.73%-249.44%
FCF per Share-999999.00-4446.47-7.24-284.90-152.97-14.65-17.331.580.320.32
FCF Conversion (FCF/Net Income)0.08x-3.31x0.01x0.13x3.49x0.32x0.93x0.98x1.36x-0.68x
Interest Paid0000000000
Taxes Paid0000000000

PSHG Key Ratios

Performance Shipping Inc. (PSHG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)-90.3%3.45%-46.74%-33.78%3.95%-10.54%29.87%35.7%17.2%16.48%
Return on Invested Capital (ROIC)-33.36%-7.89%-20.29%-25.64%2.75%-4.87%16.1%24.33%13.25%13.25%
Gross Margin-38.95%-36.86%15.26%31.27%33.82%-6.82%49.49%62.35%57.31%55.37%
Net Margin-448.92%16.04%-206.9%-119.41%8.98%-26.6%48.29%63.72%50.01%65.4%
Debt / Equity1.90x0.74x-0.34x0.60x0.57x0.82x0.24x0.17x0.17x
Interest Coverage-20.02x-1.78x-3.60x-48.64x2.05x-4.70x10.08x7.87x31.09x19.08x
FCF Conversion0.08x-3.31x0.01x0.13x3.49x0.32x0.93x0.98x1.36x-0.68x
Revenue Growth-46.62%-28.28%7.39%5.01%56.62%-13.21%106%44.92%-19.73%-11.07%

PSHG Frequently Asked Questions

Performance Shipping Inc. (PSHG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Performance Shipping Inc. (PSHG) reported $79.7M in revenue for fiscal year 2024. This represents a 1290% increase from $5.7M in 2010.

Performance Shipping Inc. (PSHG) saw revenue decline by 19.7% over the past year.

Yes, Performance Shipping Inc. (PSHG) is profitable, generating $52.1M in net income for fiscal year 2024 (50.0% net margin).

Dividend & Returns

Yes, Performance Shipping Inc. (PSHG) pays a dividend with a yield of 2.47%. This makes it attractive for income-focused investors.

Performance Shipping Inc. (PSHG) has a return on equity (ROE) of 17.2%. This is reasonable for most industries.

Performance Shipping Inc. (PSHG) had negative free cash flow of $35.4M in fiscal year 2024, likely due to heavy capital investments.

Explore More PSHG

Performance Shipping Inc. (PSHG) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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