NYSE : DSX
Diana Shipping Inc. — Financial statements
Industrials · Marine Shipping · Greece
Last price 2.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 291.20M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Diana Shipping Inc. (DSX) reported revenue of 215.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 215.94M | 213.54M | 228.21M | 262.10M | 289.97M | 214.20M |
| Cost of Revenue | 93.54M | 92.66M | 96.19M | 99.11M | 78.97M | 80.33M |
| Gross Profit | 122.40M | 120.88M | 132.01M | 162.99M | 211.00M | 133.88M |
| Selling, General & Admin | 35.10M | 35.29M | 34.77M | 34.28M | 29.88M | 30.62M |
| Other Operating Expenses | 57.00K | 538.00K | -422.00K | -1.46M | -265.00K | 603.00K |
| Operating Expenses | 83.00M | 82.35M | 79.04M | 82.60M | 72.94M | 71.72M |
| Operating Income | 39.40M | 38.53M | 52.98M | 80.39M | 138.06M | 62.16M |
| Interest Expense | -40.50M | -42.95M | -47.11M | -49.02M | -27.00M | -19.93M |
| Interest & Investment Income | 10.38M | 7.50M | 8.37M | 8.17M | 2.74M | 176.00K |
| Earnings From Equity Investments | -2.48M | -2.81M | -146.00K | -262.00K | 894.00K | -333.00K |
| Other Non Operating Income (Expenses) | -864.00K | 294.00K | 635.00K | 836.00K | -415.00K | -307.00K |
| EBT Excluding Unusual Items | 5.93M | 565.00K | 14.73M | 40.11M | 114.27M | 41.76M |
| Gain (Loss) on Sale of Investments | 52.10M | 13.60M | -4.30M | 4.32M | 589.00K | |
| Gain (Loss) on Sale of Assets | 2.16M | 3.66M | 5.80M | 6.17M | 2.85M | 1.36M |
| Other Unusual Items | -3.48M | -748.00K | -435.00K | 14.27M | ||
| Pretax Income | 60.20M | 17.83M | 12.75M | 49.84M | 119.06M | 57.39M |
| Net Income | 60.20M | 17.83M | 12.75M | 49.84M | 119.06M | 57.39M |
| Preferred Dividends & Other Adjustments | 5.77M | 5.77M | 5.77M | 5.77M | 5.77M | 5.77M |
| Net Income to Common | 54.43M | 12.06M | 6.98M | 44.08M | 113.29M | 51.62M |
| Shares Outstanding (Basic) | 112.02M | 110.46M | 115.96M | 100.17M | 80.06M | 81.12M |
| Shares Outstanding (Diluted) | 112.24M | 110.50M | 118.66M | 101.88M | 83.32M | 84.86M |
| EPS (Basic) | 0.49 | 0.11 | 0.06 | 0.44 | 1.42 | 0.64 |
| EPS (Diluted) | 0.48 | 0.11 | 0.05 | 0.42 | 1.36 | 0.61 |
| Free Cash Flow | 59.30M | 38.43M | -72.11M | 70.71M | ||
| Free Cash Flow Per Share | 0.50 | 0.38 | -0.86 | 0.83 | ||
| Dividend Per Share | 0.04 | 0.04 | 0.17 | 0.53 | 0.85 | 0.30 |
| Gross Margin | 56.68% | 56.61% | 57.85% | 62.19% | 72.77% | 62.50% |
| Operating Margin | 18.24% | 18.04% | 23.21% | 30.67% | 47.61% | 29.02% |
| Profit Margin | 25.20% | 5.65% | 3.06% | 16.82% | 39.07% | 24.10% |
| Free Cash Flow Margin | 25.98% | 14.66% | -24.87% | 33.01% | ||
| EBITDA | 75.21M | 77.94M | 92.39M | 125.31M | 181.38M | 102.65M |
| EBITDA Margin | 34.83% | 36.50% | 40.48% | 47.81% | 62.55% | 47.92% |
| D&A For EBITDA | 35.81M | 39.41M | 39.41M | 44.92M | 43.33M | 40.49M |
| EBIT | 39.40M | 38.53M | 52.98M | 80.39M | 138.06M | 62.16M |
| EBIT Margin | 18.24% | 18.04% | 23.21% | 30.67% | 47.61% | 29.02% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.68M | 122.25M | 124.67M | 101.59M | 76.43M | 110.29M |
| Short-Term Investments | 155.53M | 118.19M | 63.50M | 60.73M | 46.50M | |
| Trading Asset Securities | 129.00K | |||||
| Cash & Short-Term Investments | 204.21M | 240.45M | 188.17M | 162.45M | 122.93M | 110.29M |
| Accounts Receivable | 6.68M | 6.57M | 5.87M | 6.13M | 2.83M | |
| Other Receivables | 1.37M | 799.00K | 1.35M | 794.00K | 952.00K | |
| Receivables | 8.05M | 7.36M | 7.22M | 6.92M | 3.78M | |
| Inventory | 4.40M | 4.19M | 5.06M | 4.54M | 6.09M | |
| Prepaid Expenses | 8.67M | 6.88M | 7.49M | 6.17M | 5.48M | |
| Other Current Assets | 22.43M | |||||
| Total Current Assets | 276.58M | 262.88M | 206.61M | 182.22M | 140.56M | 125.64M |
| Property, Plant & Equipment | 788.41M | 826.66M | 860.59M | 924.47M | 972.58M | 666.29M |
| Long-Term Investments | 58.38M | 53.88M | 47.24M | 24.09M | 8.25M | 7.64M |
| Long-Term Deferred Charges | 27.56M | 17.84M | 15.28M | 16.30M | 8.13M | |
| Other Long-Term Assets | 44.46M | 26.78M | 38.74M | 20.35M | 45.22M | 34.24M |
| Total Assets | 1.20B | 1.17B | 1.17B | 1.17B | 1.18B | 841.95M |
| Accounts Payable | 11.75M | 8.99M | 9.66M | 11.24M | 9.78M | |
| Accrued Expenses | 17.07M | 12.09M | 13.18M | 12.27M | 8.40M | |
| Current Portion of Long-Term Debt | 99.04M | 54.87M | 58.73M | 100.30M | 41.15M | |
| Current Unearned Revenue | 4.67M | 4.24M | 3.56M | 7.76M | 5.73M | |
| Other Current Liabilities | 2.59M | 70.00K | ||||
| Total Current Liabilities | 135.14M | 80.18M | 85.13M | 131.57M | 65.13M | |
| Long-Term Debt | 507.12M | 636.11M | 582.82M | 584.61M | 563.14M | 382.53M |
| Other Long-Term Liabilities | 1.69M | 31.67M | 2.96M | 7.65M | 879.00K | 1.10M |
| Total Liabilities | 643.95M | 667.78M | 665.96M | 677.39M | 695.59M | 448.75M |
| Common Stock | 1.24M | 502.41M | 1.25M | 1.13M | 1.03M | 847.00K |
| Additional Paid-In Capital | 1.13B | 1.14B | 1.10B | 1.06B | 982.54M | |
| Retained Earnings | -583.92M | -635.90M | -613.87M | -574.99M | -590.29M | |
| Comprehensive Income & Other | 2.19M | 312.00K | 308.00K | 253.00K | 71.00K | |
| Total Common Equity | 551.43M | 502.41M | 505.03M | 489.00M | 487.30M | 393.17M |
| Shareholders' Equity | 551.45M | 502.41M | 505.06M | 489.02M | 487.33M | 393.19M |
| Total Liabilities & Equity | 1.20B | 1.17B | 1.17B | 1.17B | 1.18B | 841.95M |
| Total Debt | 606.16M | 636.11M | 637.69M | 643.34M | 663.44M | 423.68M |
| Net Cash (Debt) | -401.95M | -395.66M | -449.52M | -480.89M | -540.51M | -313.39M |
| Net Cash Per Share | -3.58 | -3.58 | -3.79 | -4.72 | -6.49 | -3.69 |
| Filing Date Shares Outstanding | 114.65M | 110.83M | 109.67M | 113.17M | 98.57M | 76.63M |
| Total Common Shares Outstanding | 114.65M | 110.83M | 119.11M | 106.27M | 94.79M | 75.16M |
| Working Capital | 141.45M | 262.88M | 126.43M | 97.09M | 9.00M | 60.51M |
| Book Value Per Share | 4.81 | 4.53 | 4.24 | 4.60 | 5.14 | 5.23 |
| Tangible Book Value | 551.43M | 502.41M | 505.03M | 489.00M | 487.30M | 393.17M |
| Tangible Book Value Per Share | 4.81 | 4.53 | 4.24 | 4.60 | 5.14 | 5.23 |
| Machinery | 1.08B | 1.07B | 1.11B | 1.14B | 810.43M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.75M | 49.84M | 119.06M | 57.39M | ||
| Depreciation & Amortization | 39.41M | 44.92M | 43.33M | 40.49M | ||
| Other Amortization | 7.65M | 7.49M | 2.29M | 1.86M | ||
| Loss (Gain) From Sale of Assets | -5.80M | -6.17M | -2.85M | -16.61M | ||
| Loss (Gain) From Sale of Investments | 4.30M | -4.32M | -589.00K | |||
| Loss (Gain) on Equity Investments | 146.00K | 262.00K | -894.00K | 333.00K | ||
| Stock-Based Compensation | 10.01M | 9.94M | 9.28M | 7.44M | ||
| Provision & Write-off of Bad Debts | 133.00K | 300.00K | ||||
| Other Operating Activities | 2.49M | -344.00K | 517.00K | 913.00K | ||
| Change in Accounts Receivable | -695.00K | 256.00K | -3.43M | 1.57M | ||
| Change in Inventory | 863.00K | -511.00K | 1.77M | -1.58M | ||
| Change in Accounts Payable | -673.00K | -1.76M | 1.47M | 1.22M | ||
| Change in Unearned Revenue | 672.00K | -4.20M | 2.03M | 2.89M | ||
| Change in Other Net Operating Assets | 12.40M | -25.03M | -13.25M | -6.52M | ||
| Operating Cash Flow | 83.53M | 70.38M | 158.86M | 89.70M | ||
| Capital Expenditures | -24.23M | -31.95M | -230.97M | -18.99M | ||
| Sale of Property, Plant & Equipment | 35.15M | 36.56M | 4.37M | 33.73M | ||
| Cash Acquisitions | -1.00M | |||||
| Divestitures | -771.00K | |||||
| Investment in Securities | -50.70M | -4.09M | -46.50M | -375.00K | ||
| Other Investing Activities | 25.19M | |||||
| Investing Cash Flow | -39.78M | 24.93M | -273.10M | 13.36M | ||
| Long-Term Debt Issued | 117.15M | 57.70M | 275.13M | 101.28M | ||
| Long-Term Debt Repaid | -123.01M | -79.84M | -102.84M | -93.17M | ||
| Net Debt Issued (Repaid) | -5.86M | -22.15M | 172.29M | 8.11M | ||
| Issuance of Common Stock | 24.20M | 5.27M | ||||
| Repurchase of Common Stock | -3.80M | -45.37M | ||||
| Preferred Dividends Paid | -5.77M | -5.77M | -5.77M | -5.77M | ||
| Common Dividends Paid | -29.00M | -41.43M | -79.81M | -8.82M | ||
| Dividends Paid | -34.77M | -47.20M | -85.58M | -14.59M | ||
| Other Financing Activities | -5.24M | -1.80M | -3.30M | -7.59M | ||
| Financing Cash Flow | -21.67M | -71.14M | 84.88M | -59.19M | ||
| Net Cash Flow | 22.07M | 24.16M | -29.36M | 43.88M | ||
| Free Cash Flow | 59.30M | 38.43M | -72.11M | 70.71M | ||
| Free Cash Flow Margin | 25.98% | 14.66% | -24.87% | 33.01% | ||
| Free Cash Flow Per Share | 0.50 | 0.38 | -0.86 | 0.83 | ||
| Levered Free Cash Flow | 36.75M | 42.99M | -101.66M | 85.20M | ||
| Unlevered Free Cash Flow | 63.82M | 71.01M | -87.07M | 95.80M | ||
| Cash Interest Paid | 46.26M | 46.47M | 21.31M | 19.61M | ||
| Change in Working Capital | 12.57M | -31.24M | -11.41M | -2.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 286.61M | 183.96M | 233.41M | 315.63M | 305.50M | 319.95M |
| Enterprise Value | 688.57M | 587.06M | 673.61M | 799.44M | 647.61M | 608.43M |
| Last Close Price | 2.50 | 1.64 | 1.89 | 2.63 | 2.96 | 2.38 |
| PE Ratio | 5.17 | 15.26 | 33.45 | 7.16 | 2.70 | 6.20 |
| Forward PE | 5.32 | 5.53 | 3.92 | 28.29 | 5.49 | 2.75 |
| PS Ratio | 1.33 | 0.86 | 1.02 | 1.20 | 1.05 | 1.49 |
| PB Ratio | 0.52 | 0.37 | 0.46 | 0.65 | 0.63 | 0.81 |
| P/TBV Ratio | 0.52 | 0.37 | 0.46 | 0.65 | 0.63 | 0.81 |
| P/FCF Ratio | 5.17 | 3.94 | 8.21 | 4.53 | ||
| P/OCF Ratio | 2.79 | 4.49 | 1.92 | 3.57 | ||
| PEG Ratio | 67.61 | 67.61 | 67.61 | 67.61 | 67.61 | |
| EV/Sales Ratio | 3.19 | 2.75 | 2.95 | 3.05 | 2.23 | 2.84 |
| EV/EBITDA Ratio | 9.16 | 7.53 | 7.29 | 6.38 | 3.57 | 5.93 |
| EV/EBIT Ratio | 17.48 | 15.24 | 12.71 | 9.95 | 4.69 | 9.79 |
| EV/FCF Ratio | 12.42 | 11.36 | 20.80 | 8.60 | ||
| Debt / Equity Ratio | 1.10 | 1.27 | 1.26 | 1.32 | 1.36 | 1.08 |
| Debt / EBITDA Ratio | 8.06 | 8.16 | 6.90 | 5.13 | 3.66 | 4.13 |
| Debt / FCF Ratio | 10.75 | 16.74 | 5.99 | |||
| Net Debt / Equity Ratio | 0.73 | 0.79 | 0.89 | 0.98 | 1.11 | 0.80 |
| Net Debt / EBITDA Ratio | 5.34 | 5.08 | 4.87 | 3.84 | 2.98 | 3.05 |
| Net Debt / FCF Ratio | 7.58 | 12.52 | -7.50 | 4.43 | ||
| Asset Turnover | 0.19 | 0.18 | 0.20 | 0.22 | 0.29 | 0.25 |
| Inventory Turnover | 21.43 | 20.80 | 20.64 | 14.85 | 14.87 | |
| Quick Ratio | 1.57 | 2.44 | 1.99 | 0.99 | 1.75 | |
| Current Ratio | 2.05 | 2.58 | 2.14 | 1.07 | 1.93 | |
| Return on Equity (ROE) | 11.53% | 3.54% | 2.56% | 10.21% | 27.04% | 13.97% |
| Return on Assets (ROA) | 2.12% | 2.06% | 2.83% | 4.28% | 8.52% | 4.53% |
| Return on Capital Employed (ROCE) | 3.70% | 3.30% | 4.90% | 7.40% | 13.10% | 8.00% |
| Earnings Yield | 19.36% | 9.69% | 5.46% | 15.79% | 38.97% | 17.94% |
| FCF Yield | 19.35% | 25.40% | 12.17% | -23.60% | 22.10% | |
| Dividend Yield | 1.60% | 2.41% | 8.67% | 17.68% | 26.37% | 7.05% |
| Payout Ratio | 8.27% | 272.81% | 94.69% | 71.88% | 25.42% | |
| Buyback Yield / Dilution | 4.31% | 6.88% | -16.47% | -22.27% | 1.81% | 1.49% |
| Total Shareholder Return | 5.91% | 9.29% | -7.79% | -4.60% | 28.18% | 8.54% |