Himalaya Shipping (HSHP) Gross Margin (2023 - 2026)
Himalaya Shipping (HSHP) posted Gross Margin of 77.98% for Q1 2026, down 6.47% on a QoQ basis from 83.37% in Q4 2025, and up 934.0% year-over-year from 7.54% in Q1 2025.
Himalaya Shipping (HSHP) Gross Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping's Gross Margin history runs 4 years deep, the most recent figure standing at 77.98% for Q1 2026.
- Quarterly Gross Margin rose 934.0% year-over-year to 77.98% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 80.14% (up 129.0% YoY) and the FY2025 annual result came in at 78.77%, down 1993.0% from the prior year.
- Gross Margin was 77.98% for Q1 2026 at Himalaya Shipping, down from 83.37% in the prior quarter.
- Across five years, Gross Margin topped out at 83.42% in Q3 2024 and bottomed at 68.64% in Q1 2025.
- A 4-year average of 78.21% and a median of 79.1% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 1248 bps — and 2025, when it sank 1047 bps.
- Himalaya Shipping's Gross Margin stood at 80.43% in 2023, then retreated by 4 bps to 77.03% in 2024, then rose by 8 bps to 83.37% in 2025, then declined by 6 bps to 77.98% in 2026.
- Business Quant data shows HSHP's Gross Margin at 77.98% in Q1 2026, 83.37% in Q4 2025, and 81.53% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,974,582.65 Bn | 2,974,581.73 Bn | 57.20 Mn | 4.10% |
| 2 | Danaos | 2,529.55 Bn | 2,528.67 Bn | 203.71 Mn | 80.30% |
| 3 | Sfl | 1,576.05 Bn | 1,575.90 Bn | 66.27 Mn | 49.51% |
| 4 | Capital Clean Energy Carriers | 1,410.00 Bn | 1,409.46 Bn | 95.52 Mn | 97.46% |
| 5 | Globus Maritime | 59.97 Bn | 59.95 Bn | 8,083.00 | 65.99% |
| 6 | Kirby | 8.03 Bn | 7.95 Bn | 291.34 Mn | 34.20% |
| 7 | Matson | 6.18 Bn | 6.08 Bn | - | - |
| 8 | Intercont (Cayman) | 3.77 Bn | 3.76 Bn | - | - |
| 9 | Hafnia | 3.72 Bn | 3.61 Bn | 152.41 Mn | 67.88% |
| 10 | Himalaya Shipping | 713.64 Mn | 713.64 Mn | 26.20 Mn | 77.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.98% |
| Dec 31, 2025 | 83.37% |
| Sep 30, 2025 | 81.53% |
| Jun 30, 2025 | 76.25% |
| Mar 31, 2025 | 68.64% |
| Dec 31, 2024 | 77.03% |
| Sep 30, 2024 | 83.42% |
| Jun 30, 2024 | 82.05% |
| Mar 31, 2024 | 79.10% |
| Dec 31, 2023 | 80.43% |
| Sep 30, 2023 | 70.94% |
| Jun 30, 2023 | 73.50% |
| Mar 31, 2023 | 82.52% |