Performance Shipping Inc Financials
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).
Performance Shipping's FY2025 was a debt-funded asset expansion whose revenue benefit lagged the balance-sheet growth.
From FY2024 to FY2025, assets nearly doubled while revenue slipped, showing a much larger asset base without a matching sales response yet. That step-up was financed by cash from financing of$172.5M against investing outflow of$244.6M , which helps explain why ROA fell even as net margin improved.
In FY2025, operating cash flow of
The company remains liquid at 2.2x current ratio, but that cushion narrowed from 5.3x as expansion raised near-term obligations faster than near-term assets. Leverage posture also changed, with debt-to-equity moving to 0.7x from 0.2x, so the business is now relying more on financing to support its larger operating footprint.
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 81/100, 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 9/100.
Performance Shipping Inc has a moderate D/E ratio of 0.73. This balance of debt and equity financing earns a leverage score of 52/100.
Performance Shipping Inc's current ratio of 2.22 indicates adequate short-term liquidity, earning a score of 63/100. 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 67/100. 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
Performance Shipping Inc generated $84.2M in revenue in fiscal year 2025. This represents a decrease of 3.7% from the prior year.
Performance Shipping Inc's EBITDA was $67.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the prior year.
Performance Shipping Inc reported $50.0M in net income in fiscal year 2025. This represents an increase of 14.3% from the prior year.
Performance Shipping Inc earned $1.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 15.3% from the prior year.
Cash & Balance Sheet
Performance Shipping Inc held $48.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Performance Shipping Inc's operating margin was 61.7% in fiscal year 2025, reflecting core business profitability. This is up 13.9 percentage points from the prior year.
Performance Shipping Inc's net profit margin was 59.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.4 percentage points from the prior year.
Performance Shipping Inc's ROE was 15.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Performance Shipping Inc repurchased no shares in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
PSHG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.2M-3.7% | $87.4M-19.7% | $108.9M+44.9% | $75.2M+106.0% | $36.5M-13.2% | $42.0M+567.3% | $6.3M | $0-100.0% | $23.8M-35.6% | $37.0M-47.7% | $70.7M+7.7% | $65.7M-11.6% | $74.3M+8.0% | $68.8M+155.0% | $27.0M |
| SG&A Expenses | $9.7M+16.8% | $8.3M+3.3% | $8.0M+19.1% | $6.8M+16.8% | $5.8M-27.6% | $8.0M-2.2% | $8.2M+1.6% | $8.0M-4.0% | $8.4M+15.5% | $7.2M+16.9% | $6.2M-1.8% | $6.3M+24.6% | $5.1M+45.9% | $3.5M+0.8% | $3.4M |
| Operating Income | $51.9M+24.2% | $41.8M-44.6% | $75.5M+88.9% | $40.0M+572.6% | -$8.5M-297.9% | $4.3M+167.3% | -$6.3M+20.7% | -$8.0M+67.5% | -$24.6M+82.7% | -$142.0M-1256.4% | -$10.5M-206.3% | $9.8M+118.6% | -$52.9M-690.2% | $9.0M+76.3% | $5.1M |
| Interest Expense | $6.8M+405.1% | $1.3M-86.0% | $9.6M+142.0% | $4.0M+120.2% | $1.8M-13.8% | $2.1M+220.9% | $651K | $0-100.0% | $13.8M+182.4% | $4.9M+38.4% | $3.5M+7.9% | $3.3M+8.4% | $3.0M+14.2% | $2.7M+381.3% | $551K |
| Net Income | $50.0M+14.3% | $43.7M-37.0% | $69.4M+91.2% | $36.3M+474.0% | -$9.7M-357.0% | $3.8M+111.8% | -$32.1M+39.4% | -$52.9M-1485.0% | $3.8M+102.6% | -$149.0M-750.0% | -$17.5M-641.4% | $3.2M+105.6% | -$57.3M-1060.7% | $6.0M+64.4% | $3.6M |
| EPS (Diluted) | $1.28+15.3% | $1.11-41.9% | $1.91 | $3.02 | -$28.97-284.1% | $15.74 | -$11.19 | -$55.97 | $8.94 | -$100821.38 | -$11917.74 | N/A | N/A | N/A | $0.23 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
PSHG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $559.9M+69.5% | $330.4M+11.5% | $296.3M+1.1% | $293.0M+102.2% | $144.9M-8.2% | $157.9M+20.9% | $130.6M+30.5% | $100.1M-56.9% | $232.3M-12.8% | $266.5M-38.8% | $435.7M+6.5% | $409.3M+29.2% | $316.7M-6.0% | $337.0M+60.5% | $210.0M |
| Current Assets | $58.0M-26.2% | $78.7M-1.6% | $79.9M+49.5% | $53.5M+175.2% | $19.4M-31.7% | $28.4M-19.6% | $35.4M+195.2% | $12.0M-57.2% | $28.0M+22.4% | $22.9M-34.5% | $34.9M-59.6% | $86.4M+276.2% | $23.0M-37.7% | $36.9M-15.3% | $43.6M |
| Cash & Equivalents | $48.2M-31.5% | $70.3M+4.5% | $67.3M+73.7% | $38.7M+304.5% | $9.6M-55.2% | $21.4M-18.8% | $26.3M+150.8% | $10.5M+62.8% | $6.4M-22.5% | $8.3M-71.7% | $29.4M-64.2% | $82.0M+316.6% | $19.7M-37.6% | $31.5M-23.8% | $41.4M |
| Inventory | $949K+72.9% | $549K-75.1% | $2.2M-27.5% | $3.0M-29.1% | $4.3M+116.4% | $2.0M-11.6% | $2.2M+253.6% | $634K-62.0% | $1.7M-35.4% | $2.6M-30.3% | $3.7M+60.6% | $2.3M+17.5% | $2.0M-38.7% | $3.2M+75.0% | $1.8M |
| Accounts Receivable | $6.3M+8.3% | $5.8M-29.8% | $8.3M-9.1% | $9.1M+140.2% | $3.8M+8.3% | $3.5M-12.1% | $4.0M+3522.7% | $110K-74.3% | $428K-9.1% | $471K-37.5% | $753K+9.0% | $691K+29.4% | $534K+148.4% | $215K+31.9% | $163K |
| Total Liabilities | $236.4M+328.7% | $55.1M-12.6% | $63.1M-54.0% | $137.3M+138.4% | $57.6M-5.7% | $61.1M+68.1% | $36.3M+705.6% | $4.5M-95.6% | $101.5M-42.2% | $175.7M-10.6% | $196.5M+28.6% | $152.8M+0.4% | $152.2M+54.9% | $98.3M+2726.0% | $3.5M |
| Current Liabilities | $26.2M+76.2% | $14.9M-3.1% | $15.3M-41.2% | $26.1M+71.9% | $15.2M+40.4% | $10.8M+34.1% | $8.1M+181.9% | $2.9M-97.2% | $101.2M-22.1% | $129.9M+425.8% | $24.7M+165.8% | $9.3M+145.8% | $3.8M-38.2% | $6.1M+96.2% | $3.1M |
| Long-Term Debt | N/A | $47.5M-13.5% | $54.9M-57.0% | $127.7M+155.9% | $49.9M0.0% | $49.9M+78.2% | $28.0M | $0 | N/A | $0-100.0% | $127.8M+38.2% | $92.5M-5.7% | $98.1M+6.7% | $91.9M | N/A |
| Total Equity | $323.4M+17.5% | $275.2M+18.0% | $233.2M+49.8% | $155.7M+78.3% | $87.3M-9.8% | $96.8M+2.7% | $94.2M-1.4% | $95.6M-26.9% | $130.8M+43.9% | $90.9M-62.0% | $239.2M-6.7% | $256.4M+55.9% | $164.5M-31.1% | $238.8M+15.6% | $206.5M |
| Retained Earnings | -$211.1M+18.6% | -$259.2M+13.9% | -$301.1M+15.9% | -$358.0M+3.3% | -$370.1M-2.7% | -$360.4M+1.3% | -$365.2M-9.6% | -$333.2M-18.9% | -$280.3M+1.3% | -$284.1M-110.9% | -$134.7M-15.7% | -$116.4M-3.8% | -$112.1M-346.7% | -$25.1M-894.1% | -$2.5M |
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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.1M-16.4% | $59.9M-11.9% | $68.0M+100.8% | $33.8M+1183.8% | -$3.1M-123.7% | $13.2M+414.2% | -$4.2M-1170.9% | -$330K+97.4% | -$12.7M-5.8% | -$12.0M-168.6% | $17.4M-31.6% | $25.5M-19.7% | $31.7M+1.3% | $31.3M+150.7% | $12.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $50.2M | $0 | $0-100.0% | $194K-99.8% | $113.0M+87.2% | $60.4M-44.0% | $107.9M-0.1% | $108.0M+36.1% | $79.3M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$54.4M-16371.2% | -$330K+97.4% | -$12.7M-4.1% | -$12.2M+87.3% | -$95.6M-173.9% | -$34.9M+54.2% | -$76.1M+0.6% | -$76.6M-14.7% | -$66.8M |
| Investing Cash Flow | -$244.6M-415.8% | -$47.4M-284.3% | $25.7M+122.8% | -$113.0M-14568.8% | -$770K+98.1% | -$40.1M-116.8% | -$18.5M-119.9% | $93.2M+1297.6% | $6.7M-37.0% | $10.6M+109.5% | -$111.8M-116.4% | -$51.6M+36.8% | -$81.7M+45.5% | -$150.0M-89.1% | -$79.3M |
| Financing Cash Flow | $172.5M+1928.1% | -$9.4M+85.5% | -$65.1M-159.6% | $109.3M+1481.1% | -$7.9M-136.0% | $22.0M-43.0% | $38.6M+143.5% | -$88.8M-1717.6% | -$4.9M+75.2% | -$19.7M-147.2% | $41.7M-52.9% | $88.5M+132.3% | $38.1M-65.0% | $108.8M+12.1% | $97.1M |
| Dividends Paid | N/A | N/A | $0 | $0 | $0-100.0% | $502K | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $2.7M | $0 | $0-100.0% | $656K | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PSHG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 61.7%+13.9pp | 47.8%-21.5pp | 69.3%+16.1pp | 53.2%+76.4pp | -23.2%-33.4pp | 10.2% | -100.8% | N/A | -103.4% | -384.0% | -14.8%-29.8pp | 15.0%+86.1pp | -71.1%-84.1pp | 13.0%-5.8pp | 18.8% |
| Net Margin | 59.4%+9.4pp | 50.0%-13.7pp | 63.7%+15.4pp | 48.3%+74.9pp | -26.6%-35.6pp | 9.0% | -508.8% | N/A | 16.0% | -402.8% | -24.8%-29.7pp | 4.9%+82.1pp | -77.1%-85.8pp | 8.7%-4.8pp | 13.5% |
| Return on Equity | 15.4%-0.4pp | 15.9%-13.9pp | 29.8%+6.5pp | 23.3%+34.4pp | -11.1%-15.0pp | 3.9%+37.9pp | -34.0%+21.3pp | -55.3%-58.3pp | 2.9%+166.9pp | -164.0%-156.6pp | -7.3%-8.6pp | 1.3%+36.1pp | -34.9%-37.4pp | 2.5%+0.7pp | 1.8% |
| Return on Assets | 8.9%-4.3pp | 13.2%-10.2pp | 23.4%+11.0pp | 12.4%+19.1pp | -6.7%-9.1pp | 2.4%+26.9pp | -24.6%+28.3pp | -52.8%-54.5pp | 1.6%+57.6pp | -55.9%-51.9pp | -4.0%-4.8pp | 0.8%+18.9pp | -18.1%-19.9pp | 1.8%0.0pp | 1.7% |
| Current Ratio | 2.22-3.1x | 5.29+0.1x | 5.21+3.2x | 2.05+0.8x | 1.28-1.3x | 2.63-1.8x | 4.38+0.2x | 4.19+3.9x | 0.28+0.1x | 0.18-1.2x | 1.41-7.9x | 9.31+3.2x | 6.080.0x | 6.04-7.9x | 13.99 |
| Debt-to-Equity | 0.73+0.6x | 0.17-0.1x | 0.24-0.6x | 0.82+0.2x | 0.57+0.1x | 0.52+0.2x | 0.30+0.3x | 0.00-0.8x | 0.78+0.8x | 0.00-0.5x | 0.53+0.2x | 0.36-0.2x | 0.60+0.2x | 0.38+0.4x | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -862.6% | N/A | -53.1%-20.3pp | -32.9% | -135.1% | -53.1% | -102.4% | -111.3% | -247.5% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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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 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 45 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.