GNK
Genco Shipping & Trading Ltd
NYSE: GNK · INDUSTRIALS · MARINE SHIPPING
$24.24
-0.37% today
Updated 2026-04-30
Market cap
$1.03B
P/E ratio
—
P/S ratio
3.01x
EPS (TTM)
$-0.10
Dividend yield
4.04%
52W range
$12 – $25
Volume
0.5M
Genco Shipping & Trading Ltd (GNK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.23M | $185.39M | $405.37M | $379.53M | $448.69M | $392.21M | $226.45M | $227.46M | $227.46M | $153.96M | $135.59M | $209.70M | $367.52M | $389.50M | $355.56M | $547.13M | $536.93M | $383.82M | $423.02M | $342.05M |
| Revenue growth (YoY) | — | +39.1% | +118.7% | -6.4% | +18.2% | -12.6% | -42.3% | +0.4% | +0.0% | -32.3% | -11.9% | +54.7% | +75.3% | +6.0% | -8.7% | +53.9% | -1.9% | -28.5% | +10.2% | -19.1% |
| Cost of revenue | $25.61M | $32.72M | $52.25M | $62.34M | $83.44M | $109.97M | $260.39M | $260.46M | $8.05M | $221.82M | $203.19M | $195.18M | $282.79M | $358.25M | $319.88M | $320.87M | $340.68M | $315.66M | $306.33M | $296.05M |
| Gross profit | $107.62M | $152.66M | $353.12M | $317.20M | $365.24M | $282.24M | $-33.94M | $-33.00M | $219.42M | $-67.86M | $-67.61M | $14.52M | $84.73M | $31.24M | $35.68M | $226.26M | $196.26M | $68.16M | $116.68M | $46.00M |
| Gross margin | 80.8% | 82.3% | 87.1% | 83.6% | 81.4% | 72.0% | -15.0% | -14.5% | 96.5% | -44.1% | -49.9% | 6.9% | 23.1% | 8.0% | 10.0% | 41.4% | 36.6% | 17.8% | 27.6% | 13.4% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $8.88M | $12.61M | $19.81M | $18.55M | $29.08M | $33.93M | $35.67M | $34.03M | $34.03M | $83.90M | $23.89M | $22.19M | $23.14M | $24.52M | $21.27M | $24.45M | $25.71M | $28.27M | $29.14M | $30.75B |
| Operating income | $70.32M | $131.07M | $234.38M | $210.49M | $221.29M | $112.64M | $-69.34M | $-66.91M | $-121000.00 | $-192.87M | $-185.88M | $-29.61M | $516000.00 | $-28.40M | $-203.34M | $201.12M | $167.24M | $-5.85M | $87.05M | $9.13M |
| Operating margin | 52.8% | 70.7% | 57.8% | 55.5% | 49.3% | 28.7% | -30.6% | -29.4% | -0.1% | -125.3% | -137.1% | -14.1% | 0.1% | -7.3% | -57.2% | 36.8% | 31.1% | -1.5% | 20.6% | 2.7% |
| EBITDA | $97.30M | $167.69M | $210.56M | $269.99M | $307.36M | $220.52M | $64.39M | $68.02M | $15.23M | $-152.96M | $-112.27M | $43.55M | $69.13M | $50.04M | $-136.63M | $255.02M | $230.06M | $64.34M | $159.90M | $86.47M |
| EBITDA margin | 73.0% | 90.5% | 51.9% | 71.1% | 68.5% | 56.2% | 28.4% | 29.9% | 6.7% | -99.4% | -82.8% | 20.8% | 18.8% | 12.8% | -38.4% | 46.6% | 42.8% | 16.8% | 37.8% | 25.3% |
| EBIT | $70.32M | $133.31M | $139.17M | $181.84M | $191.69M | $84.32M | $-74.67M | $-72.73M | $-97.44M | $-232.51M | $-188.59M | $-28.23M | $151000.00 | $-24.03M | $-203.16M | $197.40M | $168.46M | $-3.58M | $89.79M | $9.13M |
| Interest expense | $10.04M | $26.50M | $52.59M | $61.80M | $72.65M | $86.72M | $87.56M | $88.22M | $48.59M | $20.03M | $28.45M | $30.50M | $33.09M | $31.95M | $22.41M | $15.36M | $9.09M | $8.78M | $13.30M | $12.26M |
| Income tax | $6.80M | $24.26M | $175.34M | $61.87M | $1.84M | $1.39M | $1.22M | $1.90M | $-1.90M | $1.82M | $709000.00 | $30.33M | $-365000.00 | $32.46M | $21.56M | $15.94M | $8.66M | $514000.00 | — | — |
| Effective tax rate | 9.7% | 18.5% | 66.9% | 29.4% | 1.3% | 5.2% | -0.9% | -1.3% | 1.3% | -0.9% | -0.3% | -106.8% | 1.1% | -137.9% | -10.6% | 8.1% | 5.2% | -4.2% | 0.0% | 0.0% |
| Net income | $63.52M | $106.81M | $86.58M | $148.62M | $141.24M | $25.39M | $-144.93M | $-147.74M | $-147.74M | $-194.90M | $-217.16M | $-58.73M | $-32.94M | $-55.98M | $-225.57M | $182.01M | $158.58M | $-12.87M | $76.40M | $-4.37M |
| Net income growth (YoY) | — | +68.1% | -18.9% | +71.7% | -5.0% | -82.0% | -670.9% | -1.9% | +0.0% | -31.9% | -11.4% | +73.0% | +43.9% | -70.0% | -302.9% | +180.7% | -12.9% | -108.1% | +693.6% | -105.7% |
| Profit margin | 47.7% | 57.6% | 21.4% | 39.2% | 31.5% | 6.5% | -64.0% | -65.0% | -65.0% | -126.6% | -160.2% | -28.0% | -9.0% | -14.4% | -63.4% | 33.3% | 29.5% | -3.4% | 18.1% | -1.3% |