Himalaya Shipping (HSHP) Gross Margin (2023 - 2026)
Himalaya Shipping's (HSHP) quarterly Gross Margin came in at 86.78% in Q2 2026, up 1052.0% on a YoY basis from 7.53% in Q2 2025, and up 11.29% quarter-over-quarter from 77.98% in Q1 2026.
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Himalaya Shipping (HSHP) Gross Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping (HSHP) has reported Gross Margin for 4 consecutive years, with 86.78% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 1052.0% year-over-year to 86.78%; the trailing twelve-month figure through Jun 2026 stood at 82.96% (up 558.0% YoY), and the FY2025 full-year result was 78.77%, down 197.0% from the prior year.
- Gross Margin advanced to 86.78% in Q2 2026 per HSHP's latest filing, from 77.98% in the prior quarter.
- Across five years, Gross Margin topped out at 86.78% in Q2 2026 and bottomed at 68.64% in Q1 2025.
- Historically, Gross Margin has averaged 78.82% across 4 years, with a median of 79.77% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 1248 bps in 2024, then tumbled 1047 bps in 2025.
- Over 4 years, 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 increased by 4 bps to 86.78% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 86.78%, 77.98%, and 83.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 84.14% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 14.32% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 83.88% |
| 10 | Himalaya Shipping | 835.05 Mn | 835.05 Mn | 46.60 Mn | 86.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.78% |
| 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% |