Himalaya Shipping (HSHP) Operating Margin (2023 - 2026)
Himalaya Shipping (HSHP) posted Operating Margin of 126.79% for Q1 2026, up 4.25% on a QoQ basis from 121.62% in Q4 2025, and down 1231.0% year-over-year from 11.21% in Q1 2025.
Himalaya Shipping (HSHP) Operating Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping's Operating Margin history runs 4 years deep, the most recent figure standing at 126.79% for 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 125.23% (down 313.0% YoY) and the FY2025 annual result came in at 51.71%, down 226.0% from the prior year.
- Operating Margin was 126.79% for Q1 2026 at Himalaya Shipping, up from 121.62% in the prior quarter.
- Across five years, Operating Margin topped out at 139.09% in Q1 2025 and bottomed at 17.82% in Q1 2023.
- A 4-year average of 91.68% and a median of 123.21% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin soared 10368 bps — and 2026, when it sank 1231 bps.
- Himalaya Shipping's Operating Margin stood at 53.73% in 2023, then surged by 141 bps to 129.73% in 2024, then declined by 6 bps to 121.62% in 2025, then grew by 4 bps to 126.79% in 2026.
- Business Quant data shows HSHP's Operating Margin at 126.79% in Q1 2026, 121.62% in Q4 2025, and 123.48% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,964,341.97 Bn | 2,964,341.05 Bn | 57.20 Mn | -1.31% |
| 2 | Danaos | 2,542.12 Bn | 2,541.24 Bn | 203.71 Mn | 86.60% |
| 3 | Sfl | 1,584.69 Bn | 1,584.53 Bn | 66.27 Mn | -47.34% |
| 4 | Capital Clean Energy Carriers | 1,419.00 Bn | 1,418.46 Bn | 95.52 Mn | 93.93% |
| 5 | Globus Maritime | 59.97 Bn | 59.95 Bn | 8,083.00 | 92.57% |
| 6 | Kirby | 8.07 Bn | 7.99 Bn | 291.34 Mn | 15.22% |
| 7 | Matson | 6.26 Bn | 6.16 Bn | - | 8.10% |
| 8 | Hafnia | 3.73 Bn | 3.62 Bn | 152.41 Mn | 48.93% |
| 9 | Intercont (Cayman) | 3.56 Bn | 3.56 Bn | - | - |
| 10 | Himalaya Shipping | 721.81 Mn | 721.81 Mn | 26.20 Mn | 126.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 126.79% |
| Dec 31, 2025 | 121.62% |
| Sep 30, 2025 | 123.48% |
| Jun 30, 2025 | 130.77% |
| Mar 31, 2025 | 139.09% |
| Dec 31, 2024 | 129.73% |
| Sep 30, 2024 | 123.21% |
| Jun 30, 2024 | 125.96% |
| Mar 31, 2024 | 48.42% |
| Dec 31, 2023 | 53.73% |
| Sep 30, 2023 | 28.97% |
| Jun 30, 2023 | 22.28% |
| Mar 31, 2023 | 17.82% |