Company Analysis

Himalaya Shipping Ltd. (HSHP)

NYSE: HSHP · Deep Sea Foreign Transportation of Freight · Hamilton, BM · filing with the SEC since 2022
Grade5.8
◀ Past 6.8● Present 4.2▶ Future 6.9
2 est.

The grade of Himalaya Shipping Ltd.

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past6.830% of the headline
● Present4.240% of the headline
▶ Future6.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.1/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 61st percentile among 44 sector filers · read for itself

From the record

Himalaya Shipping Ltd.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.4/10

What has it actually done, year after year?

4 filed years; profitable in 3 of 4.

weight 45% of this tense · 85th percentile among 42 sector filers · read for its customers

From the record

Himalaya Shipping Ltd.'s 4 filed years say what it did: it rose in 2 of 2 years; it never fell from a peak; net income was positive in 3 of 4 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 4% of its family
  • the share of filed years with a profittop 39% of its family
  • the deepest fall from a revenue peak0.0%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.6/10

How has it treated the people who own it?

Share count grew 12.7% a year. 42% of cash flow returned. Insiders: 2 sales, 1 purchases.

weight 22% of this tense · 46th percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Himalaya Shipping Ltd.'s diluted share count grew about 12.7% a year, and dividends and buybacks returned about 42% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $57 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 26% of its family
  • cash returned against operating cash flowtop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.8/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 81%: owes 81¢ per asset dollar.

weight 33% of this tense · 38th percentile among 43 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Himalaya Shipping Ltd. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 81 cents per dollar of assets, and net share issuance: its share count grew 4.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 3% of its family
  • return on equitytop 38% of its family
  • gross profit against assetstop 36% of its family
  • the share count against the year beforebottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 43 in its family; net margin 13.4%.

weight 45% of this tense · 38th percentile among 43 sector filers · read for its customers

From the record

Himalaya Shipping Ltd.'s standing among 43 graded names in its industry family: revenue of $132 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 13.4% ranks in the bottom 43% (its annual reports).

What it rests on

  • revenue against the family$132Mbottom 32% of its family
  • net margin13.4%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Himalaya Shipping Ltd.'s leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 42 in its family for room to expand.

weight 22% of this tense · 52nd percentile among 42 sector filers · read for itself

From the record

Himalaya Shipping Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $32 million against debt of $689 million leaves -76% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is 39.2% of revenue (top 27%); a gross margin of 78.8% (top 19%) (its annual report).

What it rests on

  • cash less debt against assets-76.0%bottom 1% of its family
  • cash from operations less capital spending against revenue39.2%top 27% of its family
  • gross margin78.8%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

SI estimate
6.8/10

What could actually drive growth from here?

SI estimate 6.8/10, confidence 35 of 100 (one part).

weight 45% of this tense · 68th percentile among 42 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the newest year's revenue growth, which ranks in the top 32% of 42 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
one part: the newest year's revenue growth, the one part on file, ranked among 42 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Himalaya Shipping Ltd.'s growth drivers is put at 6.8 of 10 with a confidence of 35 of 100, because read from one part only, the newest year's revenue growth, which ranks in the top 32% of 42 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending. A filing that carries the missing parts replaces this estimate with the filed reading.

Expectations vs reality

as filed
8.1/10

Did its newest year beat what its own record pointed to?

top 19% of 39 in its family for expectations against reality.

weight 33% of this tense · 81st percentile among 39 sector filers · read for its shareholders

From the record

Himalaya Shipping Ltd.'s newest year against its own record: net income of $18 million against a prior three-year average of $7 million (top 6%); a net margin of 13.4% against 10.6% before (top 32%) (its annual reports).

What it rests on

  • net income against the prior three years' average+157%top 6% of its family
  • net margin against its prior average+2.8 pointstop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HSHP · research, not advice