Performance Shipping Inc. (PSHG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PSHG SEC filings page.
Performance Shipping Inc. (PSHG) reported $84.2M in revenue for fiscal year 2025, down 3.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profit remains cash-backed, but FY2025’s financed asset build shows a more leveraged business despite nearly flat revenue.
In FY2025, operating cash flow of$50.1M nearly matched net income of$50.0M , so reported earnings were broadly cash-backed. This cash alignment also held in FY2024, making the conversion pattern broader than one reporting year. Yet investing outflows of$244.6M alongside financing inflows of$172.5M indicate that asset expansion required funding beyond internally generated cash.
Revenue slipped from
Total assets expanded from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Performance Shipping Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Performance Shipping Inc. has an operating margin of 61.7%, meaning the company retains $62 of operating profit per $100 of revenue. This strong profitability earns a score of 82/100, reflecting efficient cost management and pricing power. This is up from 47.8% the prior year.
Performance Shipping Inc.'s revenue declined 3.7% year-over-year, from $87.4M to $84.2M. This contraction results in a growth score of 8/100.
Performance Shipping Inc. has a moderate D/E ratio of 0.73. This balance of debt and equity financing earns a leverage score of 53/100.
Performance Shipping Inc.'s current ratio of 2.22 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Performance Shipping Inc., and counted as zero in the overall score.
Performance Shipping Inc. earns a strong 15.4% return on equity (ROE), meaning it generates $15 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is down from 15.9% the prior year.
Performance Shipping Inc. scores 0.05, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21.1M) relative to total liabilities ($236.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Performance Shipping Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Performance Shipping Inc. generates $1.00 in operating cash flow ($50.1M OCF vs $50.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Performance Shipping Inc. earns $7.65 in operating income for every $1 of interest expense ($51.9M vs $6.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q2 2026.
Cash & Balance Sheet
Performance Shipping Inc. held $104.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
PSHG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PSHG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q4'256-K | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $674.8M+85.5% | $559.9M+69.5% | $363.8M+17.2% | $330.4M+11.5% | $310.5M-4.7% | $296.3M+1.1% | $325.6M+112.1% | $293.0M+102.2% |
| Current Assets | $166.7M+63.0% | $58.0M-26.2% | $102.2M+50.2% | $78.7M-1.6% | $68.0M-16.4% | $79.9M+49.5% | $81.4M+189.4% | $53.5M+175.2% |
| Cash & Equivalents | $104.9M+9.6% | $48.2M-31.5% | $95.8M+55.1% | $70.3M+4.5% | $61.7M-11.5% | $67.3M+73.7% | $69.7M+425.5% | $38.7M+304.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.5M+264.3% | $949K+72.9% | $686K+14.0% | $549K-75.1% | $602K-15.2% | $2.2M-27.5% | $710K-68.5% | $3.0M-29.1% |
| Accounts Receivable | $4.1M+14.8% | $6.3M+8.3% | $3.6M-12.5% | $5.8M-29.8% | $4.1M-54.9% | $8.3M-9.1% | $9.0M+9.7% | $9.1M+140.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $331.4M+550.3% | $236.4M+328.7% | $51.0M-9.6% | $55.1M-12.6% | $56.4M-55.4% | $63.1M-54.0% | $126.6M+126.7% | $137.3M+138.4% |
| Current Liabilities | $42.7M+208.9% | $26.2M+76.2% | $13.8M+13.9% | $14.9M-3.1% | $12.1M-46.0% | $15.3M-41.2% | $22.5M+29.4% | $26.1M+71.9% |
| Non-Current Liabilities | $288.8M+677.2% | $210.2M+421.8% | $37.2M-16.1% | $40.3M-15.6% | $44.3M-57.5% | $47.7M-57.1% | $104.1M+170.6% | $111.2M+162.3% |
| Long-Term Debt | N/A | N/A | $43.7M-14.5% | $47.5M-13.5% | $51.2M-57.1% | $54.9M-57.0% | $119.3M+159.3% | $127.7M+155.9% |
| Total Equity | $343.4M+9.8% | $323.4M+17.5% | $312.8M+23.1% | $275.2M+18.0% | $254.0M+27.6% | $233.2M+49.8% | $199.0M+103.8% | $155.7M+78.3% |
| Retained Earnings | -$187.4M+15.4% | -$211.1M+18.6% | -$221.6M+21.0% | -$259.2M+13.9% | -$280.4M+16.4% | -$301.1M+15.9% | -$335.5M+11.2% | -$358.0M+3.3% |
Not reported in any period shown, so not listed: Goodwill.
PSHG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
PSHG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Performance Shipping Inc. PSHG | FY2025 | $84.2M | $50.0M | 59.4% | $21.1M | 46/100 |
| Globus Maritime Limited GLBS | FY2025 | $44.2M | -$1.7M | -4.0% | $72.9M | 42/100 |
| Castor Maritime Inc. CTRM | FY2025 | $81.8M | $19.3M | 23.5% | $19.0M | 42/100 |
| United Maritime Corporation USEA | FY2025 | $37.8M | -$6.2M | -16.4% | $25.4M | 26/100 |
| EuroDry Ltd. EDRY | FY2025 | N/A | -$3.8M | N/A | $185.9M | — |
| High-Trend International Group HTCO | FY2025 | $214.4M | -$21.5M | -10.0% | $19.8M | 38/100 |
Where Performance Shipping Inc. Ranks
Frequently Asked Questions
What is Performance Shipping Inc.'s annual revenue?
Performance Shipping Inc. (PSHG) reported $84.2M in total revenue for fiscal year 2025. This represents a -3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Performance Shipping Inc.'s revenue growing?
Performance Shipping Inc. (PSHG) revenue declined by 3.7% year-over-year, from $87.4M to $84.2M in fiscal year 2025.
Is Performance Shipping Inc. profitable?
Yes, Performance Shipping Inc. (PSHG) reported a net income of $50.0M in fiscal year 2025, with a net profit margin of 59.4%.
What is Performance Shipping Inc.'s EBITDA?
Performance Shipping Inc. (PSHG) had EBITDA of $67.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Performance Shipping Inc.'s operating margin?
Performance Shipping Inc. (PSHG) had an operating margin of 61.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Performance Shipping Inc.'s net profit margin?
Performance Shipping Inc. (PSHG) had a net profit margin of 59.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Performance Shipping Inc.'s return on equity (ROE)?
Performance Shipping Inc. (PSHG) has a return on equity of 15.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Performance Shipping Inc.'s operating cash flow?
Performance Shipping Inc. (PSHG) generated $50.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Performance Shipping Inc.'s total assets?
Performance Shipping Inc. (PSHG) had $559.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Performance Shipping Inc.'s current ratio?
Performance Shipping Inc. (PSHG) had a current ratio of 2.22 as of fiscal year 2025, which is generally considered healthy.
What is Performance Shipping Inc.'s debt-to-equity ratio?
Performance Shipping Inc. (PSHG) had a debt-to-equity ratio of 0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Performance Shipping Inc.'s return on assets (ROA)?
Performance Shipping Inc. (PSHG) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Performance Shipping Inc.'s P/E ratio?
Performance Shipping Inc. (PSHG) trades at 0.4x earnings, its market capitalization divided by net income of $50.0M net income, FY2025. The market capitalization is $21.1M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Performance Shipping Inc.'s price-to-sales ratio?
Performance Shipping Inc. (PSHG) trades at 0.3x sales, its market capitalization divided by revenue of $84.2M revenue, FY2025. The market capitalization is $21.1M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Performance Shipping Inc.'s Altman Z-Score?
Performance Shipping Inc. (PSHG) has an Altman Z-Score of 0.05, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Performance Shipping Inc.'s Piotroski F-Score?
Performance Shipping Inc. (PSHG) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Performance Shipping Inc.'s earnings high quality?
Performance Shipping Inc. (PSHG) has an earnings quality ratio of 1.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Performance Shipping Inc. cover its interest payments?
Performance Shipping Inc. (PSHG) has an interest coverage ratio of 7.65x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Performance Shipping Inc.?
Performance Shipping Inc. (PSHG) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.