GNK · Genco Shipping & Trading Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $342.05M | $423.02M | $383.82M | $536.93M | $547.13M | $355.56M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $30.75M | $29.14M | $28.27M | $25.71M | $24.45M | $21.27M |
| Total Operating Expenses | $334.58M | $335.97M | $389.67M | $369.70M | $346.01M | $558.90M |
| D&A | $76.23M | $68.67M | $66.47M | $60.19M | $56.23M | $65.17M |
| Operating Income | $7.47M | $87.05M | ($5.85M) | $167.24M | $201.12M | ($203.34M) |
| Interest Expense | $12.26M | $13.30M | $8.78M | $9.09M | $15.36M | $22.41M |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($4.37M) | $76.40M | ($12.87M) | $158.58M | $182.01M | ($225.57M) |
| EPS - Basic | ($0.10) | $1.77 | ($0.30) | $3.74 | $4.33 | ($5.38) |
| EPS - Diluted | ($0.10) | $1.75 | ($0.30) | $3.70 | $4.27 | ($5.38) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $55.54M | $43.69M | $46.54M | $58.14M | $114.57M | $143.87M |
| Accounts Receivable | $14.28M | $21.38M | $17.82M | $25.33M | $20.12M | $12.99M |
| Inventory | $25.19M | $22.23M | $26.75M | $21.60M | $24.56M | $21.58M |
| Accounts Payable | $18.64M | $17.48M | $10.65M | $16.16M | $9.40M | $11.86M |
| Current Assets | $109.06M | $97.99M | $157.27M | $125.43M | $174.83M | $247.20M |
| Total Assets | $1.14B | $1.06B | $1.14B | $1.17B | $1.20B | $1.23B |
| Current Liabilities | $45.67M | $40.66M | $35.29M | $36.54M | $41.90M | $113.62M |
| Long-term Debt | $189.08M | $82.17M | $190.17M | $164.92M | $238.23M | $358.93M |
| Total Liabilities | $240.29M | $128.37M | $227.26M | $205.56M | $286.33M | $487.81M |
| Stockholders' Equity | $896.48M | $926.74M | $913.26M | $967.43M | $916.59M | $744.99M |
| Retained Earnings | ($569.08M) | ($564.72M) | ($641.12M) | ($628.25M) | ($786.82M) | ($968.83M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $31.89M | $126.85M | $91.78M | $189.32M | $231.12M | $36.90M |
| Investing Cash Flow | ($91.57M) | $47.85M | ($91.62M) | ($55.02M) | ($67.57M) | $37.44M |
| Financing Cash Flow | $71.22M | ($177.55M) | ($17.40M) | ($190.74M) | ($222.69M) | ($56.91M) |
| CapEx | $3.18M | $3.00M | $2.71M | $3.57M | $1.58M | $4.58M |
| Free Cash Flow | $28.71M | $123.85M | $89.08M | $185.76M | $229.53M | $32.32M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 2.2% | 20.6% | -1.5% | 31.1% | 36.8% | -57.2% |
| EBITDA margin | 24.5% | 36.8% | 15.8% | 42.4% | 47.0% | -38.9% |
| Net margin | -1.3% | 18.1% | -3.4% | 29.5% | 33.3% | -63.4% |
| Free cash flow margin | 8.4% | 29.3% | 23.2% | 34.6% | 42.0% | 9.1% |
| FCF / Net income | -6.58 | 1.62 | -6.92 | 1.17 | 1.26 | -0.14 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.0% | 6.9% | 7.4% | 4.8% | 4.5% | 6.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -0.4% | 7.2% | -1.1% | 13.5% | 15.1% | -18.3% |
| Return on equity | -0.5% | 8.2% | -1.4% | 16.4% | 19.9% | -30.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.39 | 2.41 | 4.46 | 3.43 | 4.17 | 2.18 |
| Quick ratio | 1.84 | 1.86 | 3.70 | 2.84 | 3.59 | 1.99 |
| Cash ratio | 1.22 | 1.07 | 1.32 | 1.59 | 2.73 | 1.27 |
| Leverage | ||||||
| Debt / Equity | 0.21 | 0.09 | 0.21 | 0.17 | 0.26 | 0.48 |
| Debt / Assets | 0.17 | 0.08 | 0.17 | 0.14 | 0.20 | 0.29 |
| Debt / EBITDA | 2.26 | 0.53 | 3.14 | 0.73 | 0.93 | - |
| Interest coverage | 0.6x | 6.5x | -0.7x | 18.4x | 13.1x | -9.1x |
| Equity multiplier | 1.27 | 1.14 | 1.25 | 1.21 | 1.31 | 1.65 |
| Liabilities / Assets | 0.21 | 0.12 | 0.20 | 0.18 | 0.24 | 0.40 |
| Efficiency | ||||||
| Asset turnover | 0.30 | 0.40 | 0.34 | 0.46 | 0.45 | 0.29 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 15d | 18d | 17d | 17d | 13d | 13d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 8.0x | - | 4.2x | 3.7x | - |
| P / B | 0.9x | 0.7x | 0.8x | 0.7x | 0.7x | 0.4x |
| P / S | 2.3x | 1.4x | 1.8x | 1.2x | 1.2x | 0.9x |
| EV / EBITDA | 11.1x | 4.2x | 14.1x | 3.4x | 3.1x | - |
| Growth | ||||||
| Revenue growth (YoY) | -19.1% | 10.2% | -28.5% | -1.9% | 53.9% | -8.7% |
| Revenue CAGR (3y) | -14.0% | -8.2% | 2.6% | 11.3% | 59.2% | 19.2% |
| Revenue CAGR (5y) | -0.8% | 1.7% | 23.1% | 20.7% | 32.2% | 18.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -91.4% | - | - | -16.8% | - | -615.9% |
| Net income growth (YoY) | - | - | - | -12.9% | - | -302.9% |
| EPS growth (YoY) | - | - | - | -13.3% | - | -301.5% |
| EPS CAGR (3y) | - | -25.7% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -76.8% | 39.0% | -52.0% | -19.1% | 610.3% | -41.0% |
| FCF CAGR (5y) | -2.3% | 17.7% | 6.7% | - | - | - |
| Book value growth (YoY) | -3.3% | 1.5% | -5.6% | 5.5% | 23.0% | -23.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$342.05M totalCargo And Freight$342.05M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.50
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Deep Sea Foreign Transportation of Freight
Comparing GENCO SHIPPING & TRADING LTD against the 5 most active filers in the same SIC group.
Dividends
$1.15/share trailing 12 months · -3.4% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.3500 |
| Mar 11, 2026 | $0.5000 |
| Nov 17, 2025 | $0.1500 |
| Aug 18, 2025 | $0.1500 |
| May 22, 2025 | $0.1500 |
| Mar 11, 2025 | $0.3000 |
| Nov 18, 2024 | $0.4000 |
| Aug 19, 2024 | $0.3400 |
| May 21, 2024 | $0.4200 |
| Mar 5, 2024 | $0.4100 |
| Nov 21, 2023 | $0.1500 |
| Aug 15, 2023 | $0.1500 |
| May 15, 2023 | $0.1500 |
| Mar 6, 2023 | $0.5000 |
| Nov 18, 2022 | $0.7800 |
| Aug 15, 2022 | $0.5000 |
| May 13, 2022 | $0.7900 |
| Mar 9, 2022 | $0.6700 |
| Nov 12, 2021 | $0.1500 |
| Aug 16, 2021 | $0.1000 |
| May 14, 2021 | $0.0500 |
| Mar 9, 2021 | $0.0200 |
| Nov 16, 2020 | $0.0200 |
| Aug 14, 2020 | $0.0200 |