Himalaya Shipping (HSHP) Gross Margin (2023 - 2026)
Himalaya Shipping's (HSHP) quarterly Gross Margin came in at 77.98% in Q1 2026, up 934.0% YoY from 7.54% in Q1 2025, and down 6.47% on a QoQ basis from 83.37% in Q4 2025.
Himalaya Shipping (HSHP) Gross Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping (HSHP) has 4 years of Gross Margin data on file, last reported at 77.98% in 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 197.0% from the prior year.
- Gross Margin eased to 77.98% in Q1 2026, from 83.37% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 83.42% in Q3 2024 to a low of 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 slumped 1047 bps.
- Tracing HSHP's Gross Margin over 4 years: 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 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 31.53% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 67.88% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 4.10% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 79.34% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 2,501,247.17% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 91.34% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 92.31% |
| 10 | Himalaya Shipping | 766.47 Mn | 766.47 Mn | 46.60 Mn | 86.78% |
Historic Data
Download 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% |