SFL
SFL Corporation Ltd
NYSE: SFL · INDUSTRIALS · MARINE SHIPPING
$11.53
+1.68% today
Updated 2026-04-30
Market cap
$1.51B
P/E ratio
—
P/S ratio
2.09x
EPS (TTM)
$-0.20
Dividend yield
7.05%
52W range
$6 – $12
Volume
1.4M
SFL Corporation Ltd (SFL) 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 | $424.66M | $398.79M | $475.72M | $369.94M | $336.16M | $295.11M | $319.69M | $270.86M | $327.49M | $406.74M | $412.95M | $380.88M | $418.71M | $456.05M | $400.41M | $494.70M | $655.65M | $738.13M | $891.62M | $719.75M |
| Revenue growth (YoY) | — | -6.1% | +19.3% | -22.2% | -9.1% | -12.2% | +8.3% | -15.3% | +20.9% | +24.2% | +1.5% | -7.8% | +9.9% | +8.9% | -12.2% | +23.6% | +32.5% | +12.6% | +20.8% | -19.3% |
| Cost of revenue | $119.69M | $107.16M | $100.45M | $91.49M | $81.02M | $81.06M | $150.52M | $163.97M | $186.86M | $198.91M | $230.31M | $219.94M | $232.63M | $134.43M | $266.92M | $295.06M | $392.97M | $507.82M | $582.48M | $301.77M |
| Gross profit | $304.96M | $291.63M | $375.28M | $278.45M | $255.14M | $214.05M | $169.18M | $106.89M | $140.62M | $207.83M | $182.64M | $160.93M | $186.09M | $321.61M | $133.49M | $199.64M | $262.68M | $230.32M | $309.14M | $417.98M |
| Gross margin | 71.8% | 73.1% | 78.9% | 75.3% | 75.9% | 72.5% | 52.9% | 39.5% | 42.9% | 51.1% | 44.2% | 42.3% | 44.4% | 70.5% | 33.3% | 40.4% | 40.1% | 31.2% | 34.7% | 58.1% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $6.58M | $7.78M | $9.84M | $12.19M | $9.10M | $9.88M | $8.94M | $7.55M | $7.61M | $6.74M | $9.07M | $7.43M | $9.17M | $10.20M | $11.40M | $12.97M | $15.18M | $15.56M | $20.58M | $18.33M |
| Operating income | $293.70M | $304.88M | $337.40M | $209.26M | $211.84M | $162.71M | $207.62M | $117.37M | $145.15M | $166.05M | $168.09M | $154.63M | $117.61M | $137.78M | $-138.17M | $242.84M | $275.47M | $240.18M | $306.72M | $136.68M |
| Operating margin | 69.2% | 76.5% | 70.9% | 56.6% | 63.0% | 55.1% | 64.9% | 43.3% | 44.3% | 40.8% | 40.7% | 40.6% | 28.1% | 30.2% | -34.5% | 49.1% | 42.0% | 32.5% | 34.4% | 19.0% |
| EBITDA | $172.71M | $328.88M | $369.22M | $339.91M | $270.33M | $259.47M | $312.07M | $157.78M | $244.02M | $279.17M | $267.86M | $241.65M | $281.00M | $314.21M | $22.30M | $393.06M | $507.93M | $466.23M | $560.09M | $421.39M |
| EBITDA margin | 40.7% | 82.5% | 77.6% | 91.9% | 80.4% | 87.9% | 97.6% | 58.3% | 74.5% | 68.6% | 64.9% | 63.4% | 67.1% | 68.9% | 5.6% | 79.5% | 77.5% | 63.2% | 62.8% | 58.5% |
| EBIT | $158.22M | $304.88M | $337.40M | $304.17M | $234.04M | $205.23M | $253.25M | $99.34M | $167.34M | $201.09M | $173.57M | $153.50M | $176.92M | $197.83M | $-88.98M | $254.73M | $320.11M | $252.17M | $320.91M | $177.94M |
| Interest expense | $0.00 | $130.40M | $127.19M | $117.08M | $101.43M | $96.25M | $70.63M | $90.52M | $87.31M | $72.19M | $71.84M | $90.41M | $113.89M | $145.06M | $135.44M | $90.39M | $117.34M | $164.91M | $182.99M | $182.00M |
| 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 | $180.80M | $167.71M | $181.61M | $192.60M | $165.71M | $131.18M | $185.84M | $89.21M | $122.81M | $200.83M | $146.41M | $101.21M | $73.62M | $89.18M | $-224.43M | $164.34M | $202.77M | $83.94M | $130.65M | $-26.43M |
| Net income growth (YoY) | — | -7.2% | +8.3% | +6.0% | -14.0% | -20.8% | +41.7% | -52.0% | +37.7% | +63.5% | -27.1% | -30.9% | -27.3% | +21.1% | -351.7% | +173.2% | +23.4% | -58.6% | +55.7% | -120.2% |
| Profit margin | 42.6% | 42.1% | 38.2% | 52.1% | 49.3% | 44.4% | 58.1% | 32.9% | 37.5% | 49.4% | 35.5% | 26.6% | 17.6% | 19.6% | -56.0% | 33.2% | 30.9% | 11.4% | 14.7% | -3.7% |