NYSE : GNK
Genco Shipping & Trading Limited — Financial statements
Industrials · Marine Shipping · United States
Last price 26.19 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.14B
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Financial statements
Genco Shipping & Trading Limited (GNK) reported revenue of 440.69M 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 | 440.69M | 342.05M | 423.02M | 383.82M | 536.93M | 547.13M |
| Cost of Revenue | 247.42M | 219.82M | 237.67M | 249.20M | 280.49M | 264.64M |
| Gross Profit | 193.27M | 122.23M | 185.35M | 134.63M | 256.45M | 282.49M |
| Selling, General & Admin | 36.35M | 35.95M | 33.78M | 32.29M | 29.02M | 30.07M |
| Other Operating Expenses | 1.93M | 1.93M | 5.73M | |||
| Operating Expenses | 122.12M | 114.11M | 108.17M | 98.75M | 89.21M | 86.30M |
| Operating Income | 71.15M | 8.12M | 77.18M | 35.87M | 167.24M | 196.19M |
| Interest Expense | -17.40M | -12.26M | -13.30M | -8.78M | -9.09M | -15.36M |
| Interest & Investment Income | 2.14M | 1.48M | 2.98M | 2.67M | 1.04M | 154.00K |
| Other Non Operating Income (Expenses) | 424.00K | -48.00K | 11.00K | 78.00K | 1.80M | 569.00K |
| EBT Excluding Unusual Items | 56.31M | -2.70M | 66.87M | 29.84M | 160.99M | 181.56M |
| Gain (Loss) on Sale of Assets | 4.02M | 16.47M | 4.92M | |||
| Asset Writedown | -1.73M | -651.00K | -6.59M | -41.72M | ||
| Other Unusual Items | -17.55M | -678.00K | -4.41M | |||
| Pretax Income | 41.05M | -4.03M | 76.74M | -11.88M | 160.99M | 182.07M |
| Income Tax Expense | 483.00K | 483.00K | 245.00K | 474.00K | 1.62M | 28.00K |
| Earnings From Continuing Operations | 40.57M | -4.51M | 76.50M | -12.36M | 159.36M | 182.04M |
| Minority Interest in Earnings | -252.00K | 149.00K | -95.00K | -514.00K | -788.00K | -38.00K |
| Net Income | 40.32M | -4.37M | 76.40M | -12.87M | 158.58M | 182.01M |
| Net Income to Common | 40.32M | -4.37M | 76.40M | -12.87M | 158.58M | 182.01M |
| Shares Outstanding (Basic) | 43.63M | 43.37M | 43.05M | 42.77M | 42.41M | 42.06M |
| Shares Outstanding (Diluted) | 43.98M | 43.37M | 43.65M | 42.77M | 42.92M | 42.59M |
| EPS (Basic) | 0.92 | -0.10 | 1.77 | -0.30 | 3.74 | 4.33 |
| EPS (Diluted) | 0.91 | -0.10 | 1.75 | -0.30 | 3.70 | 4.27 |
| Free Cash Flow | -156.69M | -60.55M | 70.17M | -2.23M | 133.28M | 113.66M |
| Free Cash Flow Per Share | -3.56 | -1.40 | 1.61 | -0.05 | 3.11 | 2.67 |
| Dividend Per Share | 1.80 | 0.95 | 1.46 | 0.86 | 2.57 | 0.97 |
| Gross Margin | 43.86% | 35.73% | 43.82% | 35.08% | 47.76% | 51.63% |
| Operating Margin | 16.14% | 2.37% | 18.24% | 9.35% | 31.15% | 35.86% |
| Profit Margin | 9.15% | -1.28% | 18.06% | -3.35% | 29.53% | 33.27% |
| Free Cash Flow Margin | -35.55% | -17.70% | 16.59% | -0.58% | 24.82% | 20.77% |
| EBITDA | 131.53M | 60.89M | 127.93M | 89.08M | 219.60M | 243.10M |
| EBITDA Margin | 29.85% | 17.80% | 30.24% | 23.21% | 40.90% | 44.43% |
| D&A For EBITDA | 60.38M | 52.77M | 50.75M | 53.21M | 52.36M | 46.91M |
| EBIT | 71.15M | 8.12M | 77.18M | 35.87M | 167.24M | 196.19M |
| EBIT Margin | 16.14% | 2.37% | 18.24% | 9.35% | 31.15% | 35.86% |
| Effective Tax Rate | 1.18% | 0.32% | 1.01% | 0.01% | ||
| Revenue as Reported | 440.69M | 342.05M | 423.02M | 383.82M | 536.93M | 547.13M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 73.59M | 55.54M | 43.69M | 46.54M | 58.14M | 114.57M |
| Trading Asset Securities | 572.00K | 6.31M | ||||
| Cash & Short-Term Investments | 73.59M | 55.54M | 43.69M | 47.11M | 64.45M | 114.57M |
| Accounts Receivable | 26.72M | 14.28M | 21.38M | 17.82M | 25.33M | 20.12M |
| Other Receivables | 943.00K | 697.00K | 1.40M | 1.18M | 2.35M | |
| Receivables | 26.72M | 15.23M | 22.07M | 19.22M | 26.51M | 22.46M |
| Inventory | 25.55M | 25.19M | 22.23M | 26.75M | 21.60M | 24.56M |
| Prepaid Expenses | 10.47M | 7.78M | 6.38M | 4.81M | 3.10M | 3.11M |
| Restricted Cash | 315.00K | 5.64M | 5.64M | |||
| Other Current Assets | 5.33M | 3.30M | 59.38M | 4.12M | 4.48M | |
| Total Current Assets | 136.33M | 109.06M | 97.99M | 157.27M | 125.43M | 174.83M |
| Property, Plant & Equipment | 1.06B | 952.07M | 928.56M | 954.81M | 1.02B | 993.87M |
| Long-Term Investments | 423.00K | 1.17M | ||||
| Long-Term Deferred Charges | 56.62M | 62.39M | 30.05M | 29.50M | 32.25M | 14.28M |
| Other Long-Term Assets | 6.56M | 14.59M | 315.00K | 315.00K | 18.86M | |
| Total Assets | 1.26B | 1.14B | 1.06B | 1.14B | 1.17B | 1.20B |
| Accounts Payable | 22.40M | 18.64M | 17.48M | 10.65M | 16.16M | 9.40M |
| Accrued Expenses | 15.69M | 18.20M | 17.01M | 13.60M | 13.31M | 20.56M |
| Current Portion of Leases | 1.50M | 2.29M | 2.11M | 1.86M | ||
| Current Unearned Revenue | 7.80M | 8.83M | 4.67M | 8.75M | 4.96M | 10.08M |
| Total Current Liabilities | 45.89M | 45.67M | 40.66M | 35.29M | 36.54M | 41.90M |
| Long-Term Debt | 319.51M | 189.08M | 82.17M | 190.17M | 164.92M | 238.23M |
| Long-Term Leases | 5.69M | 5.54M | 5.54M | 1.80M | 4.10M | 6.20M |
| Total Liabilities | 371.09M | 240.29M | 128.37M | 227.26M | 205.56M | 286.33M |
| Common Stock | 436.00K | 432.00K | 427.00K | 425.00K | 423.00K | 419.00K |
| Additional Paid-In Capital | 1.43B | 1.47B | 1.49B | 1.55B | 1.59B | 1.70B |
| Retained Earnings | -543.12M | -569.08M | -564.72M | -641.12M | -628.25M | -786.82M |
| Comprehensive Income & Other | 527.00K | 6.48M | 825.00K | |||
| Total Common Equity | 888.57M | 896.48M | 926.74M | 913.26M | 967.43M | 916.59M |
| Minority Interest | 1.69M | 1.34M | 1.49M | 1.39M | 876.00K | 88.00K |
| Shareholders' Equity | 890.26M | 897.82M | 928.23M | 914.65M | 968.31M | 916.67M |
| Total Liabilities & Equity | 1.26B | 1.14B | 1.06B | 1.14B | 1.17B | 1.20B |
| Total Debt | 325.20M | 194.62M | 89.22M | 194.26M | 171.12M | 246.29M |
| Net Cash (Debt) | -251.61M | -139.08M | -45.53M | -147.15M | -106.67M | -131.72M |
| Net Cash Per Share | -5.72 | -3.21 | -1.04 | -3.44 | -2.49 | -3.09 |
| Filing Date Shares Outstanding | 43.59M | 43.32M | 42.76M | 42.73M | 42.33M | 41.96M |
| Total Common Shares Outstanding | 43.59M | 43.24M | 42.76M | 42.55M | 42.33M | 41.92M |
| Working Capital | 90.44M | 63.40M | 57.33M | 121.99M | 88.89M | 132.94M |
| Book Value Per Share | 20.39 | 20.73 | 21.67 | 21.46 | 22.86 | 21.86 |
| Tangible Book Value | 888.57M | 896.48M | 926.74M | 913.26M | 967.43M | 916.59M |
| Tangible Book Value Per Share | 20.39 | 20.73 | 21.67 | 21.46 | 22.86 | 21.86 |
| Machinery | 1.44B | 1.33B | 1.25B | 1.26B | 1.32B | 1.24B |
| Leasehold Improvements | 1.85M | 1.58M | 1.59M | 1.58M | 1.39M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 40.32M | -4.37M | 76.40M | -12.87M | 158.58M | 182.01M |
| Depreciation & Amortization | 61.01M | 53.88M | 52.19M | 54.66M | 53.77M | 48.30M |
| Other Amortization | 25.93M | 25.66M | 19.92M | 15.03M | 9.53M | 8.59M |
| Loss (Gain) From Sale of Assets | -4.02M | -16.47M | -4.92M | |||
| Asset Writedown & Restructuring Costs | 1.73M | 651.00K | 6.59M | 41.72M | ||
| Stock-Based Compensation | 7.84M | 7.05M | 5.85M | 5.53M | 3.24M | 2.27M |
| Other Operating Activities | 1.16M | 638.00K | 1.16M | 1.50M | 1.70M | 5.39M |
| Change in Accounts Receivable | -12.62M | 7.09M | -3.56M | 7.52M | -5.22M | -7.12M |
| Change in Inventory | -5.08M | -2.95M | 4.51M | -5.15M | 2.96M | -2.98M |
| Change in Accounts Payable | -6.28M | 2.07M | 9.61M | -2.21M | -2.13M | 5.41M |
| Change in Unearned Revenue | 4.25M | 4.16M | -4.08M | 3.79M | -5.12M | 1.66M |
| Change in Other Net Operating Assets | -41.72M | -61.99M | -25.28M | -17.74M | -27.99M | -7.47M |
| Operating Cash Flow | 72.53M | 31.89M | 126.85M | 91.78M | 189.32M | 231.12M |
| Capital Expenditures | -229.21M | -92.44M | -56.68M | -94.01M | -56.04M | -117.46M |
| Sale of Property, Plant & Equipment | 21.07M | 103.38M | 49.47M | |||
| Other Investing Activities | 1.02M | 864.00K | 1.15M | 2.39M | 1.02M | 418.00K |
| Investing Cash Flow | -207.12M | -91.57M | 47.85M | -91.62M | -55.02M | -67.57M |
| Long-Term Debt Issued | 125.33M | 20.00M | 274.75M | 350.00M | ||
| Long-Term Debt Repaid | -15.33M | -130.00M | -245.75M | -75.00M | -553.23M | |
| Net Debt Issued (Repaid) | 230.00M | 110.00M | -110.00M | 29.00M | -75.00M | -203.23M |
| Common Dividends Paid | -50.78M | -32.81M | -67.51M | -40.91M | -115.73M | -13.46M |
| Other Financing Activities | -6.79M | -5.98M | -38.00K | -5.49M | -11.00K | -6.00M |
| Financing Cash Flow | 172.43M | 71.22M | -177.55M | -17.40M | -190.74M | -222.69M |
| Net Cash Flow | 37.83M | 11.54M | -2.85M | -17.24M | -56.43M | -59.15M |
| Free Cash Flow | -156.69M | -60.55M | 70.17M | -2.23M | 133.28M | 113.66M |
| Free Cash Flow Margin | -35.55% | -17.70% | 16.59% | -0.58% | 24.82% | 20.77% |
| Free Cash Flow Per Share | -3.56 | -1.40 | 1.61 | -0.05 | 3.11 | 2.67 |
| Levered Free Cash Flow | -122.39M | -1.15M | 123.23M | -52.48M | 103.02M | 106.61M |
| Unlevered Free Cash Flow | -113.99M | 4.31M | 129.54M | -48.77M | 107.01M | 112.67M |
| Cash Interest Paid | 14.89M | 10.03M | 11.91M | 13.63M | 9.33M | 11.75M |
| Change in Working Capital | -61.45M | -51.62M | -18.80M | -13.79M | -37.50M | -10.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.09B | 796.97M | 596.05M | 705.72M | 650.15M | 670.79M |
| Enterprise Value | 1.34B | 872.37M | 625.11M | 802.96M | 759.54M | 895.90M |
| Last Close Price | 26.19 | 17.22 | 12.38 | 13.58 | 11.87 | 10.65 |
| PE Ratio | 27.39 | 7.80 | 4.10 | 3.69 | ||
| Forward PE | 10.75 | 12.31 | 9.56 | 13.43 | 5.15 | 3.34 |
| PS Ratio | 2.51 | 2.33 | 1.41 | 1.84 | 1.21 | 1.23 |
| PB Ratio | 1.28 | 0.89 | 0.64 | 0.77 | 0.67 | 0.73 |
| P/TBV Ratio | 1.24 | 0.89 | 0.64 | 0.77 | 0.67 | 0.73 |
| P/FCF Ratio | 8.49 | 4.88 | 5.90 | |||
| P/OCF Ratio | 15.22 | 24.99 | 4.70 | 7.69 | 3.43 | 2.90 |
| PEG Ratio | 4.97 | 0.26 | 0.34 | 0.34 | 0.34 | |
| EV/Sales Ratio | 3.08 | 2.55 | 1.48 | 2.09 | 1.42 | 1.64 |
| EV/EBITDA Ratio | 10.31 | 14.33 | 4.89 | 9.01 | 3.46 | 3.69 |
| EV/EBIT Ratio | 19.05 | 107.42 | 8.10 | 22.38 | 4.54 | 4.57 |
| EV/FCF Ratio | 8.91 | 5.70 | 7.88 | |||
| Debt / Equity Ratio | 0.36 | 0.22 | 0.10 | 0.21 | 0.18 | 0.27 |
| Debt / EBITDA Ratio | 2.29 | 2.85 | 0.64 | 1.94 | 0.69 | 0.88 |
| Debt / FCF Ratio | 1.27 | 1.28 | 2.17 | |||
| Net Debt / Equity Ratio | 0.28 | 0.15 | 0.05 | 0.16 | 0.11 | 0.14 |
| Net Debt / EBITDA Ratio | 1.91 | 2.28 | 0.36 | 1.65 | 0.49 | 0.54 |
| Net Debt / FCF Ratio | -1.61 | -2.30 | 0.65 | -66.05 | 0.80 | 1.16 |
| Asset Turnover | 0.38 | 0.31 | 0.39 | 0.33 | 0.45 | 0.45 |
| Inventory Turnover | 10.75 | 9.27 | 9.70 | 10.31 | 12.15 | 11.47 |
| Quick Ratio | 2.19 | 1.55 | 1.62 | 1.88 | 2.49 | 3.27 |
| Current Ratio | 2.97 | 2.39 | 2.41 | 4.46 | 3.43 | 4.17 |
| Return on Equity (ROE) | 4.55% | -0.49% | 8.30% | -1.31% | 16.91% | 21.91% |
| Return on Assets (ROA) | 3.86% | 0.46% | 4.39% | 1.94% | 8.79% | 10.07% |
| Return on Invested Capital (ROIC) | 6.12% | 0.81% | 7.56% | 3.36% | 15.59% | 18.69% |
| Return on Capital Employed (ROCE) | 5.90% | 0.70% | 7.60% | 3.20% | 14.70% | 16.90% |
| Earnings Yield | 3.65% | -0.55% | 12.82% | -1.82% | 24.39% | 27.13% |
| FCF Yield | -14.19% | -7.60% | 11.77% | -0.32% | 20.50% | 16.94% |
| Dividend Yield | 3.84% | 5.16% | 10.47% | 5.18% | 16.73% | 6.06% |
| Payout Ratio | 197.54% | 88.36% | 72.98% | 7.40% | ||
| Buyback Yield / Dilution | -1.17% | 0.64% | -2.07% | 0.35% | -0.77% | -1.63% |
| Total Shareholder Return | 2.57% | 5.79% | 8.40% | 5.53% | 15.96% | 4.44% |