NYQ · Financial Statements

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Financial Statements

$25.79 NYQ: GNK Market Cap $1.12B

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) most recently reported annual revenue of $342.0M, a net loss of $4.0M. Revenue declined at an average annual rate of 0.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands): Revenue rose from $136.0M in 2016 to $342.0M in 2025, a change of +151.5% over 9 years; net profit was positive in 3 of 10 reported years; operating margin moved from -137.1% to 2.7%, a shift of +139.8 percentage points; the most recent year shows a net loss of $4.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$136.0M$210.0M$368.0M$389.0M$356.0M$547.0M$537.0M$384.0M$423.0M$342.0M
Operating Expenses$321.0M$239.0M$367.0M$418.0M$559.0M$346.0M$370.0M$390.0M$336.0M$333.0M
Operating Profit$-186.0M$-30.0M$1.0M$-28.0M$-203.0M$201.0M$167.0M$-6.0M$87.0M$9.0M
Operating Margin-137.1%-14.1%0.1%-7.3%-57.2%36.8%31.1%-1.5%20.6%2.7%
Other Income$-31.0M$-29.0M$-33.0M$-28.0M$-22.0M$-19.0M$-8.0M$-7.0M$-11.0M$-14.0M
Interest$28.0M$30.0M$33.0M$32.0M$22.0M$15.0M$9.0M$9.0M$13.0M$12.0M
Depreciation$76.0M$72.0M$69.0M$74.0M$67.0M$58.0M$62.0M$68.0M$70.0M$77.0M
Profit Before Tax$-216.0M$-59.0M$-33.0M$-56.0M$-226.0M$182.0M$159.0M$-12.0M$76.0M$-5.0M
Tax$-330,000$0$0$0$0$0$0$0$0$0
Net Profit$-217.0M$-59.0M$-33.0M$-56.0M$-226.0M$182.0M$159.0M$-13.0M$76.0M$-4.0M
EPS$-29.95$-1.71$-0.86$-2.12$-5.90$4.27$3.70$-0.30$1.75$-0.10
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$83.0M$116.0M$117.0M$107.0M$99.0M$99.0M$71.0M$81.0M$80.0M$110.0M$114.0M$136.0M
Operating Expenses$114.0M$108.0M$95.0M$81.0M$75.0M$85.0M$81.0M$85.0M$77.0M$89.0M$99.0M$115.0M
Operating Profit$-30.0M$7.0M$22.0M$26.0M$24.0M$15.0M$-10.0M$-4.0M$2.0M$21.0M$16.0M$22.0M
Operating Margin-36.4%6.1%18.8%24.6%24.2%14.7%-13.7%-5.3%3.1%19.1%13.6%15.9%
Interest$2.0M$3.0M$4.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$4.0M$4.0M$6.0M
Profit Before Tax$-32.0M$5.0M$19.0M$23.0M$22.0M$12.0M$-12.0M$-7.0M$-1.0M$15.0M$10.0M$17.0M
Tax$0$0$0$0$-99.4B$0$0$0$0$0$0$0
Net Profit$-32.0M$5.0M$19.0M$23.0M$21.0M$13.0M$-12.0M$-7.0M$-1.0M$15.0M$9.0M$17.0M
EPS$-0.75$0.11$0.43$0.54$0.49$0.29$-0.28$-0.16$-0.02$0.35$0.21$0.37

Over the 10 years reported for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands), borrowings decreased from $515.0M in 2016 to $200.0M in 2025, cash stood at $56.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.33 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.6B$1.5B$1.6B$1.5B$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Current Assets$173.0M$217.0M$270.0M$223.0M$247.0M$175.0M$125.0M$157.0M$98.0M$107.0M
Cash$133.0M$174.0M$197.0M$156.0M$144.0M$115.0M$58.0M$47.0M$44.0M$56.0M
Inventory$10.0M$16.0M$30.0M$27.0M$22.0M$25.0M$22.0M$27.0M$22.0M$25.0M
Receivables$11.0M$13.0M$22.0M$16.0M$15.0M$22.0M$27.0M$19.0M$22.0M$15.0M
Fixed Assets$1.4B$1.3B$1.3B$1.3B$971.0M$1.0B$1.0B$955.0M$929.0M$952.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$27.0M$23.0M$0$0$0$0$0$0$0$15.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$539.0M$546.0M$574.0M$550.0M$488.0M$286.0M$206.0M$227.0M$128.0M$240.0M
Current Liabilities$29.0M$52.0M$102.0M$128.0M$114.0M$42.0M$37.0M$35.0M$41.0M$46.0M
Borrowings$515.0M$518.0M$539.0M$494.0M$449.0M$246.0M$171.0M$194.0M$89.0M$200.0M
Other Liabilities$24.0M$28.0M$36.0M$56.0M$38.0M$40.0M$34.0M$33.0M$39.0M$40.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$1.0B$975.0M$1.1B$978.0M$745.0M$917.0M$967.0M$913.0M$927.0M$896.0M

For Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands), operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was negative at $61.0M; free cash flow was positive in 6 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-50.0M$27.0M$66.0M$60.0M$37.0M$231.0M$189.0M$92.0M$127.0M$32.0M
Investing Cash Flow$-8.0M$30.0M$-394.0M$-73.0M$17.0M$-185.0M$-111.0M$-186.0M$-9.0M$-184.0M
Financing Cash Flow$120.0M$-1.0M$95.0M$0$0$-6.0M$0$-5.0M$0$0
Net Cash Flow$12.0M$36.0M$-2.0M$-41.0M$17.0M$-59.0M$-56.0M$-17.0M$-3.0M$12.0M
Free Cash Flow$-51.0M$26.0M$-177.0M$9.0M$17.0M$114.0M$133.0M$-2.0M$70.0M$-61.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.03
EV / EBITDA10.34
FCF Yield-12.90%
Quick Ratio2.41
Interest Coverage3.49
Return 1Y68.66%
Return 3Y132.46%
Return 5Y109.61%

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) financials — frequently asked questions

What is Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)'s annual revenue?

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) reported annual revenue of $342.0M in its most recent fiscal year.

What is Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)'s net profit?

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) reported a net loss of $4.0M in its most recent fiscal year.

What is GNK EV/EBITDA?

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)'s enterprise value to EBITDA (EV/EBITDA) ratio is 10.34.

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