Performance Shipping Inc. (PSHG) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PSHG Revenue Growth
Revenue Breakdown (FY 2024)
PSHG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
PSHG Revenue Analysis (2013–2024)
As of May 8, 2026, Performance Shipping Inc. (PSHG) generated trailing twelve-month (TTM) revenue of $79.7 million, reflecting significant decline in growth of -19.0% year-over-year. The most recent quarter (Q3 2025) recorded $18.5 million in revenue, up 2.2% sequentially.
Looking at the longer-term picture, PSHG's 5-year compound annual growth rate (CAGR) stands at +26.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $108.9 million in 2023.
Revenue diversification analysis shows PSHG's business is primarily driven by Voyage charters (100%). With over half of revenue concentrated in Voyage charters, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including INSW (-21.5% YoY), TNK (-26.3% YoY), and STNG (-2.8% YoY), PSHG has underperformed the peer group in terms of revenue growth. Compare PSHG vs INSW →
PSHG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PSHGCurrent | $80M | -19.0% | +26.6% | 47.8% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 DHT | $497M | +4.2% | -6.4% | 34.2% | |
 TEN | $804M | -5.3% | +6.1% | 34.6% |
PSHG Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $87.4M | -19.7% | $50.1M | 57.3% | $41.8M | 47.8% |
| 2023 | $108.9M | +44.9% | $67.9M | 62.3% | $75.5M | 69.3% |
| 2022 | $75.2M | +106.0% | $37.2M | 49.5% | $40.0M | 53.2% |
| 2021 | $36.5M | -13.2% | $-2,487,000 | -6.8% | $-8,460,000 | -23.2% |
| 2020 | $42.0M | +56.6% | $14.2M | 33.8% | $4.3M | 10.2% |
| 2019 | $26.8M | +5.0% | $8.4M | 31.3% | $-31,664,000 | -117.9% |
| 2018 | $25.6M | +7.4% | $3.9M | 15.3% | $-41,439,000 | -162.1% |
| 2017 | $23.8M | -28.3% | $-8,775,000 | -36.9% | $-24,610,000 | -103.4% |
| 2016 | $33.2M | -46.6% | $-12,928,000 | -38.9% | $-142,040,000 | -427.9% |
| 2015 | $62.2M | +15.0% | $10.6M | 17.0% | $-10,472,000 | -16.8% |
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Start ComparisonPSHG — Frequently Asked Questions
Quick answers to the most common questions about buying PSHG stock.
Is PSHG's revenue growth accelerating or slowing?
PSHG revenue declined -19.0% year-over-year, contrasting with the 5-year CAGR of +26.6%. TTM revenue fell to $80M. This reverses the prior growth trend.
What is PSHG's long-term revenue growth rate?
Performance Shipping Inc.'s 5-year revenue CAGR of +26.6% reflects the variable expansion pattern. Current YoY growth of -19.0% is below this long-term average.
How is PSHG's revenue distributed by segment?
PSHG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.