Friday 6 November 2026 Export HSHP’s income statement to Excel — free account

Himalaya Shipping Ltd.

Himalaya Shipping Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $131.9 million, up 6.72% from fiscal 2024.

Revenue: +79.6%
EPS: +2,500.0%
Free cash flow: +312.1%
Total debt: −3.39%

Quarter to June 2026, against a year earlier

Insider buying

15.01 0.41 −2.66%

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Market cap: $704.7M
P/E: 13.3×
Fwd P/E: 8.8×
Dividend yield: 12.1%
F-score: 5/9
Altman Z: 0.84
Beneish M: −2.86
Dividend safety: 22/100

Overview

Insider Decisions last twelve months

Bought, $m 0.06

Sold, $m 5.61

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	1	—	—	—	—	—	—
Sell	—	—	—	—	1	—	—	—	1	—	—	—

Insider Ownership 39.93%

Capital & Financial Ratios $m

Size

Market Cap 704.72

Revenue ttm 167.30

Net income ttm 52.60

Free cash flow ttm 87.10

Net debt Q 642.70

Valuation

P/E 13.28

Forward P/E 8.82

Price / sales 4.22

Forward P/S Powerpack

Price / FCF 0.00

Price / book 4.32

Financial health

Current ratio Q 1.19

Debt / equity Q 4.15

Interest coverage Q 2.96

Growth

Revenue growth Q +79.60%

Operating income growth Q +169.85%

EPS, this year +425.16%

EPS, next year A −3.91%

Revenue, next year A +50.87%

EPS, past 5 yrs —

EPS, next 5 yrs A +67.23%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/B against its own 10 years 89.43%

10-year low 10-year high

Dividends

Yield: 12.1%
Annual rate: 1.82
Payout ratio: 161.1%
Growth, 2024–25: −13.6%/yr

0.66 ’24
0.57 ’25 −14
1.99 ’26e +250

paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	26	19	32	35
Receivables	1	1	1	1
Inventory	—	—	—	—
Other	—	—	—	—
	33	27	40	44

	2023	2024	2025	Q'26
Payables	2	1	1	2
ST’ Debt	20	24	24	24
Other	1	0	1	0
	25	36	37	37

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	—	—	0.00%
Earnings	—	—	0.00%
Book Value	—	—	21.42%

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.11	0.52	—	—	—
’25	(0.14)	0.02	0.21	0.29	0.38
’24	0.06	0.16	0.24	0.02	0.48
’23	0.00	(0.03)	(0.05)	0.12	0.04
’22	—	(0.02)	(0.01)	—	(0.06)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	34	54	—	—	—
’25	22	30	38	42	132
’24	24	31	39	30	124

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	10	34	—	—	—
’25	0	8	18	25	52
’24	11	18	17	11	56
’23	3	(6)	2	8	6
’22	—	—	0	(1)	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	10	34	—	—	—
’25	0	8	18	25	52
’24	(143)	(142)	17	11	(257)
’23	(128)	(132)	(126)	(21)	(407)
’22	—	—	0	(80)	(80)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	37	124	132	167		+89.5%	199	184	181	+11.0%
	Gross margin, %	—	—	—	—	—	—	—	75.10	79.45	77.56	81.65		+2.5 pt	Powerpack Himalaya Shipping Ltd.’s next three years, line by line Analysts expect revenue to grow 11.0% a year to 2028 — slower than the 89.5% of the last 2 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	—	—	—	—	—	(1)	(2)	2	21	18	53		n/m
	EBT margin, %	—	—	—	—	—	0.00	0.00	4.12	17.07	13.42	31.44		+13.4 pt
	Net income	—	—	—	—	—	(1)	(2)	2	21	18	53		n/m
Per share, $
Per share, $	Revenue	—	—	—	—	—	0.00	0.00	0.95	2.82	2.87	3.56		n/m
	Earnings	—	—	—	—	—	(0.05)	(0.06)	0.04	0.48	0.38	1.13		n/m
	Cash flow	—	—	—	—	—	(0.03)	(0.04)	0.17	1.27	1.12	1.85		n/m
	Capex	—	—	—	—	—	0.00	(2.43)	(10.69)	(7.13)	0.00	0.00		n/m
	Free cash flow	—	—	—	—	—	(0.03)	(2.48)	(10.52)	(5.86)	1.12	1.85		n/m
	Book value	—	—	—	—	—	5.01	2.81	3.99	3.52	3.52	3.47		(8.5%)
	Shares, m	—	—	—	—	—	18	32	39	44	46	47		+25.9%
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	167.09	10.13	23.95	13.28		67.1
	P/S	—	—	—	—	—	—	—	6.89	1.73	3.17	4.22		3.9
	P/B	—	—	—	—	—	—	—	1.64	1.38	2.59	4.32		1.9
	EV/Sales	—	—	—	—	—	—	—	18.16	7.35	8.15	8.06		11.2
	EV/FCF	—	—	—	—	—	—	—	(1.64)	(3.53)	(4.11)	(5.97)		(3.1)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	0	(1)	6	56	52	87		n/m
	Capex	—	—	—	—	—	(67)	(78)	(413)	(313)	—	(313)		+67.1%
	Free cash flow	—	—	—	—	—	0	(80)	(407)	(257)	52	87		n/m
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	11	(24)	8	(9)	3	7		(26.4%)
	Net debt	—	—	—	—	—	(11)	67	414	695	657	643		n/m
	Shareholders’ equity	—	—	—	—	—	92	90	154	155	162	163		+15.2%
Returns, %
Returns, %	ROA	—	—	—	—	—	0.00	(1.43)	0.39	2.85	2.03	6.10		+2.0 pt
	ROIC	—	—	—	—	—	0.00	(0.78)	1.61	4.91	5.21	7.91		+5.2 pt
	ROE	—	—	—	—	—	0.00	(2.14)	1.24	13.66	11.19	32.62		+11.2 pt
People
People	Employees	—	—	—	—	—	—	—	2	3	3	—		+22.5%
	Revenue/emp, $m	—	—	—	—	—	—	—	18.37	41.20	43.97	—		+54.7%

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CCEC Capital Clean Energy Carriers Corp.	$1.3B	11.1×	11.5×	+8.46% (above 0%: growing)	−5.88% (below 0%: shrinking)	−2,376.31% (below 0%: shrinking)	78.04%	50.63%	Compare
HOS Hornbeck Offshore Services Inc	$1.2B	19.9×	6.1×	+0.57% (above 0%: growing)	n/m	+320.12% (above 0%: growing)	18.49%	8.79%	Compare
GNK Genco Shipping & Trading Limited	$1.1B	14.0×	10.6×	+90.01% (above 0%: growing)	n/m	+2,052.95% (above 0%: growing)	0.00%	29.14%	Compare
SB Safe Bulkers, Inc	$803.7M	9.1×	7.1×	+33.04% (above 0%: growing)	n/m	−35.33% (below 0%: shrinking)	65.78%	45.75%	Compare
HSHP Himalaya Shipping Ltd.	$704.7M	13.3×	8.8×	+79.60% (above 0%: growing)	+2,500.00% (above 0%: growing)	+312.05% (above 0%: growing)	85.47%	68.34%
ASC Ardmore Shipping Corporation	$698.2M	6.4×	4.7×	+7.96% (above 0%: growing)	+33.40% (above 0%: growing)	+103.64% (above 0%: growing)	38.73%	19.69%	Compare
PANL Pangaea Logistics Solutions Ltd.	$482.5M	6.4×	9.1×	+29.87% (above 0%: growing)	+210.53% (above 0%: growing)	+76.28% (above 0%: growing)	0.00%	19.90%	Compare
CMDB Costamare Bulkers Holdings Limited	$432.3M	10.7×	—	—	—	−166.66% (below 0%: shrinking)	37.19%	6.44%	Compare
ESEA Euroseas Ltd.	$415.7M	3.3×	3.5×	−1.28% (below 0%: shrinking)	+10.42% (above 0%: growing)	−70.14% (below 0%: shrinking)	78.65%	59.18%	Compare
Median of peers	$750.9M	9.9×	7.1×	+8.46%	+21.91%	+20.48%	37.96%	24.52%

All 38 Marine Shipping stocks →