Performance Shipping (PSHG) Gross Margin (2020 - 2025)
Performance Shipping (PSHG) posted quarterly Gross Margin of 93.99% for Q4 2025, up 256.0% year-over-year from 26.4% in Q4 2024, and down 0.77% on a QoQ basis from 94.71% in Q3 2025.
Performance Shipping (PSHG) Gross Margin (2020 - 2025) Analysis & Trends
Performance Shipping has reported Gross Margin for 6 years, with the latest figure at 93.99% in Q4 2025.
- Gross Margin for Q4 2025 came in at 93.99%, up 256.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 93.84% (down 131.0% YoY), and the FY2025 annual result was 93.84%, down 131.0% from the prior year.
- Gross Margin declined to 93.99% in Q4 2025, from 94.71% in the prior quarter.
- Over five years, Gross Margin peaked at 97.19% in Q2 2025 and troughed at 41.22% in Q1 2021.
- A 5-year average of 81.62% and a median of 92.71% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2021, when Gross Margin tumbled 2419 bps; it then jumped 3919 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 56.96% in 2021, then jumped by 58 bps to 89.78% in 2022, then climbed by 6 bps to 95.29% in 2023, then fell by 4 bps to 91.43% in 2024, then gained by 3 bps to 93.99% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 93.99% in Q4 2025, 94.71% in Q3 2025, and 97.19% in Q2 2025.
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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 | Performance Shipping | 3.24 Mn | -102.20 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 93.99% |
| Sep 30, 2025 | 94.71% |
| Jun 30, 2025 | 97.19% |
| Mar 31, 2025 | 90.07% |
| Dec 31, 2024 | 91.43% |
| Sep 30, 2024 | 96.53% |
| Jun 30, 2024 | 96.20% |
| Mar 31, 2024 | 96.41% |
| Dec 31, 2023 | 95.29% |
| Sep 30, 2023 | 97.02% |
| Jun 30, 2023 | 96.90% |
| Mar 31, 2023 | 94.78% |
| Dec 31, 2022 | 89.78% |
| Sep 30, 2022 | 85.21% |
| Jun 30, 2022 | 67.87% |
| Mar 31, 2022 | 60.55% |
| Dec 31, 2021 | 56.96% |
| Sep 30, 2021 | 46.02% |
| Jun 30, 2021 | 44.28% |
| Mar 31, 2021 | 41.22% |