Himalaya Shipping (HSHP) Operating Margin (2023 - 2026)
Himalaya Shipping's (HSHP) quarterly Operating Margin came in at 126.79% in Q1 2026, down 1231.0% YoY from 11.21% in Q1 2025, and up 4.25% on a QoQ basis from 121.62% in Q4 2025.
Himalaya Shipping (HSHP) Operating Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping (HSHP) has 4 years of Operating Margin data on file, last reported at 126.79% in Q1 2026.
- Quarterly Operating Margin fell 1231.0% year-over-year to 126.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 107.46% (down 304.0% YoY) and the FY2025 annual result came in at 51.71%, down 226.0% from the prior year.
- Operating Margin improved to 126.79% in Q1 2026, from 121.62% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 139.09% in Q1 2025 to a low of 17.82% in Q1 2023.
- A 4-year average of 79.81% and a median of 56.09% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin surged 9424 bps — and 2026, when it slumped 1231 bps.
- Tracing HSHP's Operating Margin over 4 years: stood at 53.73% in 2023, then soared by 141 bps to 129.73% in 2024, then slipped by 6 bps to 121.62% in 2025, then advanced by 4 bps to 126.79% in 2026.
- The last three Operating Margin figures came in at 126.79% (Q1 2026), 121.62% (Q4 2025), and 123.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 13.27% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 16.39% |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 48.93% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -1.31% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 48.38% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 68.94% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 98.02% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 113.20% |
| 10 | Himalaya Shipping | 766.47 Mn | 766.47 Mn | 46.60 Mn | 68.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.34% |
| Mar 31, 2026 | 126.79% |
| Dec 31, 2025 | 121.62% |
| Sep 30, 2025 | 123.48% |
| Jun 30, 2025 | 45.48% |
| Mar 31, 2025 | 139.09% |
| Dec 31, 2024 | 129.73% |
| Sep 30, 2024 | 123.21% |
| Jun 30, 2024 | 56.09% |
| Mar 31, 2024 | 48.42% |
| Dec 31, 2023 | 53.73% |
| Sep 30, 2023 | 28.97% |
| Jun 30, 2023 | 23.13% |
| Mar 31, 2023 | 17.82% |