Himalaya Shipping (HSHP) Gross Margin (2023 - 2026)
Himalaya Shipping (HSHP) reported Gross Margin of 77.98% for Q1 2026, up 934.0% on a YoY basis from 7.54% in Q1 2025, and down 6.47% quarter-over-quarter from 83.37% in Q4 2025.
Himalaya Shipping (HSHP) Gross Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping has reported Gross Margin for 4 years, with the latest figure at 77.98% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 934.0% year-over-year to 77.98%; the trailing twelve-month figure through Mar 2026 stood at 80.14% (up 129.0% YoY), and the FY2025 full-year result was 98.79%, up 1804.0% from the prior year.
- Gross Margin for Q1 2026 stood at 77.98%, down from 83.37% in the prior quarter.
- The five-year high for Gross Margin was 83.42% in Q3 2024, with the low at 68.64% in Q1 2025.
- Historically, Gross Margin has averaged 78.21% across 4 years, with a median of 79.1% in 2024.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 1248 bps — and 2025, when it slumped 1047 bps.
- Himalaya Shipping's Gross Margin stood at 80.43% in 2023, then declined by 4 bps to 77.03% in 2024, then grew by 8 bps to 83.37% in 2025, then slipped by 6 bps to 77.98% in 2026.
- The last three Gross Margin figures came in at 77.98% (Q1 2026), 83.37% (Q4 2025), and 81.53% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 78.71% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 34.20% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | - |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 67.88% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 123.50% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 4.10% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | - |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 73.39% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Himalaya Shipping | 1.61 | 1.61 | 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% |