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MARKETS / NASDAQ / PSHG
NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

Performance Shipping Inc. PSHG

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$84.2M
▼ 3.7% YoY
$50.0M
▲ 14.3% YoY
In brief

What this company does

Performance Shipping Inc. provides global shipping transportation services through the ownership of tanker vessels. As of the date of the annual report, the company's operating fleet consists of 9 Aframax tanker vessels and 2 Suezmax tanker vessels with a combined carrying capacity of 1,287,118 dwt and a weighted average age of approximately 9.2 years. Founded in January 2010, the company's business initially focused on the ownership of container vessels, and it has since transitioned to a purely tanker fleet, exiting the containership sector in August 2020. During 2025, 2024 and 2023, the company generated revenues from its vessels of $84.2 million, $87.5 million and $108.9 million, respectively. The business of Performance Shipping Inc. is the ownership of vessels, and it wholly owns, directly or indirectly, the subsidiaries which own the vessels that comprise its fleet. The day-to-day commercial and technical management of the company's fleet has been carried out since March 1, 2013 by Performance Shipping Management Inc., its in-house fleet manager.

Written from the business description in Performance Shipping Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 April 2026. Every sentence was checked against that document before publication.

Growth
USD 84.2M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 84.2 · Net income 50.0
40M80M-50M-100M201020122014201620182020202220242025
Compound annual growth
+3.8%
+14.9%
+1.8%
+11.2%
+67.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.9% a year over five years — but profit grew faster: net income at +67.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
59 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 61.7% · Net 59.4%
20%40%60%-200%-400%201020122014201620182020202220242025
ROE
FY2025 · ROE 16.7%
10%20%30%-50%201020122014201620182020202220242025

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF -54.4
-40M-80M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 0.0
0.8M1.6M-0.8M-1.6MDividendsNet buybacks20182019202020212022202320242025

Total assetsUSD 559.9M
EquityUSD 323.4M
CashUSD 48.2M
Current ratio2.22×

Equity funds 58% of total assets.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.10.10.10.10.00.00.00.00.00.00.10.10.10.10.0·
Operating income $B0.10.00.10.0−0.00.0−0.0−0.0−0.0−0.1−0.00.0−0.10.00.0−0.0
EBITDA $B0.10.10.10.0−0.00.0−0.0−0.0−0.0−0.10.00.0−0.00.00.0−0.0
Income tax $B················
Net income $B0.00.00.10.0−0.00.0−0.0−0.10.0−0.1−0.00.0−0.10.00.0−0.0
Free cash flow $B······−0.1−0.0−0.0−0.0−0.1−0.0−0.1−0.1−0.1−0.1
EPS, diluted $1.281.111.913.02−28.9715.74−11.19−55.978.94−100821.38−11917.740.49−1.730.220.23−0.45
Dividend / sh $·····1.50··········
Payout %··00−013−0·········
ROE %16.717.235.729.9−10.54.0−33.8−46.73.4−90.3−7.11.5−28.42.72.5−2.4
Shares out B0.010.010.010.000.000.010.000.010.000.000.010.070.040.030.020.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 64 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNASDAQ
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
Data on record since2010

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