GOGL
Golden Ocean Group Ltd
NASDAQ: GOGL · INDUSTRIALS · MARINE SHIPPING
$7.98
+0.00% today
Updated 2026-04-29
Market cap
$1.59B
P/E ratio
14.00
P/S ratio
1.84x
EPS (TTM)
$0.57
Dividend yield
10.00%
52W range
$7 – $9
Volume
3.2M
Golden Ocean Group Ltd (GOGL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100.18M | $105.73M | $88.16M | $82.91M | $67.34M | $95.90M | $94.52M | $37.31M | $37.55M | $96.72M | $189.63M | $257.81M | $460.02M | $656.07M | $705.80M | $607.94M | $1.20B | $1.11B | $885.77M | $968.42M |
| Revenue growth (YoY) | — | +5.5% | -16.6% | -6.0% | -18.8% | +42.4% | -1.4% | -60.5% | +0.6% | +157.6% | +96.1% | +36.0% | +78.4% | +42.6% | +7.6% | -13.9% | +97.9% | -7.5% | -20.4% | +9.3% |
| Cost of revenue | $33.67M | $35.85M | $28.42M | $18.55M | $8.59M | $30.14M | $30.02M | $23.05M | $25.79M | $72.19M | $248.20M | $312.85M | $399.89M | $498.52M | $589.85M | $563.89M | $675.02M | $691.77M | $675.88M | $509.58M |
| Gross profit | $66.51M | $69.88M | $59.74M | $64.37M | $58.75M | $65.75M | $64.50M | $14.27M | $11.76M | $24.52M | $-58.56M | $-55.05M | $60.13M | $157.55M | $115.95M | $44.05M | $528.16M | $421.69M | $209.88M | $458.84M |
| Gross margin | 66.4% | 66.1% | 67.8% | 77.6% | 87.2% | 68.6% | 68.2% | 38.2% | 31.3% | 25.4% | -30.9% | -21.4% | 13.1% | 24.0% | 16.4% | 7.2% | 43.9% | 37.9% | 23.7% | 47.4% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $1.00M | $1.50M | $1.50M | $1.50M | $1.80M | $3.02M | $3.50M | $4.26M | $4.94M | $5.04M | $12.47M | $12.73M | $12.56M | $14.71M | $14.12M | $13.72M | $18.15M | $20.38M | $18.08M | $24.30M |
| Operating income | $48.40M | $51.27M | $90.37M | $49.12M | $23.76M | $43.17M | $38.21M | $10.01M | $6.82M | $19.49M | $-239.15M | $-70.26M | $50.08M | $145.01M | $100.66M | $19.77M | $513.61M | $435.09M | $188.61M | $314.34M |
| Operating margin | 48.3% | 48.5% | 102.5% | 59.2% | 35.3% | 45.0% | 40.4% | 26.8% | 18.2% | 20.1% | -126.1% | -27.3% | 10.9% | 22.1% | 14.3% | 3.3% | 42.7% | 39.1% | 21.3% | 32.5% |
| EBITDA | $66.40M | $69.72M | $108.22M | $64.98M | $37.92M | $62.06M | $60.37M | $20.76M | $17.90M | $18.65M | $-139.22M | $-18.54M | $131.02M | $252.02M | $190.82M | $21.24M | $691.22M | $530.74M | $352.02M | $432.84M |
| EBITDA margin | 66.3% | 65.9% | 122.8% | 78.4% | 56.3% | 64.7% | 63.9% | 55.6% | 47.7% | 19.3% | -73.4% | -7.2% | 28.5% | 38.4% | 27.0% | 3.5% | 57.4% | 47.7% | 39.7% | 44.7% |
| EBIT | $49.21M | $52.53M | $91.06M | $51.27M | $23.39M | $41.69M | $37.61M | $-600000.00 | $6.27M | $-1.60M | $-193.51M | $-81.97M | $52.93M | $159.88M | $96.97M | $-90.06M | $567.52M | $400.90M | $216.47M | $292.91M |
| Interest expense | $0.00 | $0.00 | $6.37M | $3.22M | $1.90M | $3.94M | $4.96M | $3.77M | $2.83M | $2.52M | $28.27M | $45.51M | $59.84M | $75.11M | $59.55M | $47.48M | $39.91M | $56.25M | $103.66M | $101.54M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $43.97M | $45.72M | $84.84M | $48.05M | $21.68M | $38.56M | $32.65M | $-53.43M | $-3.90M | $15.99M | $-220.84M | $-127.71M | $-2.35M | $84.53M | $37.19M | $-137.67M | $527.22M | $461.85M | $112.27M | $223.21M |
| Net income growth (YoY) | — | +4.0% | +85.6% | -43.4% | -54.9% | +77.8% | -15.3% | -263.6% | +92.7% | +509.8% | -1480.7% | +42.2% | +98.2% | +3700.3% | -56.0% | -470.2% | +483.0% | -12.4% | -75.7% | +98.8% |
| Profit margin | 43.9% | 43.2% | 96.2% | 58.0% | 32.2% | 40.2% | 34.5% | -143.2% | -10.4% | 16.5% | -116.5% | -49.5% | -0.5% | 12.9% | 5.3% | -22.6% | 43.8% | 41.5% | 12.7% | 23.0% |