Himalaya Shipping (HSHP) Operating Margin (2023 - 2026)
Himalaya Shipping (HSHP) reported Operating Margin of 51.19% for Q1 2026, up 2165.0% on a YoY basis from 2.26% in Q1 2025, and down 17.11% quarter-over-quarter from 61.76% in Q4 2025.
Himalaya Shipping (HSHP) Operating Margin (2023 - 2026) Analysis & Trends
Himalaya Shipping has reported Operating Margin for 4 years, with the latest figure at 51.19% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2165.0% year-over-year to 51.19%; the trailing twelve-month figure through Mar 2026 stood at 54.91% (up 442.0% YoY), and the FY2025 full-year result was 51.71%, down 226.0% from the prior year.
- Operating Margin for Q1 2026 stood at 51.19%, down from 61.76% in the prior quarter.
- The five-year high for Operating Margin was 61.76% in Q4 2025, with the low at 17.82% in Q1 2023.
- Historically, Operating Margin has averaged 44.75% across 4 years, with a median of 48.42% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin surged 3296 bps — and 2025, when it slumped 1887 bps.
- Himalaya Shipping's Operating Margin stood at 53.73% in 2023, then slipped by 12 bps to 47.3% in 2024, then jumped by 31 bps to 61.76% in 2025, then dropped by 17 bps to 51.19% in 2026.
- The last three Operating Margin figures came in at 51.19% (Q1 2026), 61.76% (Q4 2025), and 58.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 45.48% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -31.42% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 8.10% |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 48.93% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 25.53% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -1.31% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 48.28% |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 80.06% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Himalaya Shipping | 1.61 | 1.61 | 26.20 Mn | 51.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 51.19% |
| Dec 31, 2025 | 61.76% |
| Sep 30, 2025 | 58.05% |
| Jun 30, 2025 | 45.48% |
| Mar 31, 2025 | 29.55% |
| Dec 31, 2024 | 47.30% |
| Sep 30, 2024 | 60.20% |
| 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% |