This page shows Genco Shipping & Trading Ltd (GNK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
For every $1 of reported earnings, Genco Shipping & Trading Ltd generates $7.30 in operating cash flow ($32K OCF vs $4K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Genco Shipping & Trading Ltd earns $0.6 in operating income for every $1 of interest expense ($7K vs $12K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Genco Shipping & Trading Ltd generated $342K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Genco Shipping & Trading Ltd's EBITDA was $84K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.
Genco Shipping & Trading Ltd generated $29K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Genco Shipping & Trading Ltd reported $4K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Genco Shipping & Trading Ltd earned $0.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 94.3% from the prior year.
Genco Shipping & Trading Ltd paid $0.95 per share in dividends in fiscal year 2025. This represents a decrease of 39.5% from the prior year.
Genco Shipping & Trading Ltd had 43M shares outstanding in fiscal year 2025. This represents an increase of 1.3% from the prior year.
Genco Shipping & Trading Ltd's gross margin was 29.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Genco Shipping & Trading Ltd's operating margin was 2.2% in fiscal year 2025, reflecting core business profitability. This is down 18.4 percentage points from the prior year.
Genco Shipping & Trading Ltd's net profit margin was 1.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 16.8 percentage points from the prior year.
Genco Shipping & Trading Ltd invested $3K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.
GNK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.9M-1.3% | $80.9M+13.6% | $71.3M-28.2% | $99.2M-7.3% | $107.0M-8.8% | $117.4M+1.7% | $115.5M+38.6% | $83.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.6M+2.5% | $7.4M-1.3% | $7.5M-9.9% | $8.3M+31.7% | $6.3M-17.5% | $7.7M+9.5% | $7.0M+6.3% | $6.6M |
| Operating Income | $2.5M+157.9% | -$4.3M+56.4% | -$9.8M-166.9% | $14.6M-44.5% | $26.3M+19.1% | $22.1M+214.0% | $7.0M+123.2% | -$30.4M |
| Interest Expense | $3.2M+23.2% | $2.6M+0.4% | $2.5M-10.1% | $2.8M-17.9% | $3.5M-14.6% | $4.0M+54.1% | $2.6M+31.1% | $2.0M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.1M+84.5% | -$6.8M+43.0% | -$11.9M-194.1% | $12.7M-46.0% | $23.5M+24.8% | $18.8M+280.7% | $4.9M+115.4% | -$32.0M |
| EPS (Diluted) | $-0.02+87.5% | $-0.16+42.9% | $-0.28-196.6% | $0.29-46.3% | $0.54+25.6% | $0.43+258.3% | $0.12+116.0% | $-0.75 |
GNK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+6.5% | $1.0B+0.2% | $1.0B-1.7% | $1.1B-0.1% | $1.1B-5.4% | $1.1B-2.1% | $1.1B+4.3% | $1.1B |
| Current Assets | $133.3M+68.7% | $79.0M-3.1% | $81.5M-16.8% | $98.0M-27.9% | $135.9M-7.0% | $146.2M-7.1% | $157.3M+41.0% | $111.5M |
| Cash & Equivalents | $90.0M+153.8% | $35.4M+17.2% | $30.2M-30.8% | $43.7M+3.9% | $42.0M-13.1% | $48.4M+3.9% | $46.5M+0.6% | $46.3M |
| Inventory | $21.5M+5.2% | $20.5M-12.3% | $23.3M+5.0% | $22.2M-8.9% | $24.4M-20.3% | $30.6M+14.5% | $26.7M-3.0% | $27.6M |
| Accounts Receivable | $13.9M-1.1% | $14.1M-22.6% | $18.2M-14.8% | $21.4M-28.0% | $29.7M+35.5% | $21.9M+22.9% | $17.8M-8.7% | $19.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $220.3M+49.7% | $147.2M+10.0% | $133.9M+4.3% | $128.4M-4.7% | $134.7M-33.1% | $201.2M-11.5% | $227.3M+27.2% | $178.6M |
| Current Liabilities | $56.4M+16.1% | $48.5M+6.5% | $45.6M+12.1% | $40.7M+7.3% | $37.9M-3.6% | $39.3M+11.4% | $35.3M-2.6% | $36.2M |
| Long-Term Debt | $158.5M+70.5% | $93.0M+12.5% | $82.7M+0.6% | $82.2M-14.5% | $96.2M-40.1% | $160.7M-15.5% | $190.2M+35.8% | $140.0M |
| Total Equity | $885.9M-0.6% | $891.6M-1.3% | $903.2M-2.5% | $926.7M+0.5% | $921.8M+0.7% | $915.1M+0.2% | $913.3M-0.2% | $915.2M |
| Retained Earnings | -$584.5M-0.2% | -$583.4M-1.2% | -$576.6M-2.1% | -$564.7M+5.7% | -$598.9M+3.8% | -$622.3M+2.9% | -$641.1M+0.8% | -$646.1M |
GNK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.7M+42.4% | $5.4M+86.1% | $2.9M-90.3% | $30.0M+3.3% | $29.0M-10.0% | $32.3M-18.6% | $39.6M+199.7% | $13.2M |
| Capital Expenditures | $1.2M+8.0% | $1.1M+64.7% | $652K-10.8% | $731K-36.0% | $1.1M+375.8% | $240K-55.4% | $538K+46.6% | $367K |
| Free Cash Flow | $6.5M+50.9% | $4.3M+92.3% | $2.3M-92.3% | $29.3M+4.9% | $27.9M-12.9% | $32.0M-18.1% | $39.1M+204.1% | $12.9M |
| Investing Cash Flow | -$11.1M-196.3% | -$3.7M-28.4% | -$2.9M+88.7% | -$25.9M-154.3% | $47.6M+172.2% | $17.5M+119.8% | -$88.3M-37213.9% | $238K |
| Financing Cash Flow | $57.6M+1527.2% | $3.5M+126.4% | -$13.4M-89.2% | -$7.1M+91.4% | -$83.0M-73.2% | -$47.9M-210.5% | $43.4M+386.5% | -$15.1M |
| Dividends Paid | $6.4M0.0% | $6.4M-52.0% | $13.4M-21.4% | $17.1M-4.9% | $18.0M+0.6% | $17.9M+179.3% | $6.4M+0.4% | $6.4M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GNK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 3.1%+8.4pp | -5.3%+8.4pp | -13.7%-28.4pp | 14.7%-9.8pp | 24.6%+5.8pp | 18.8%+12.7pp | 6.1%+42.5pp | -36.4% |
| Net Margin | -1.3%+7.1pp | -8.4%+8.3pp | -16.7%-29.5pp | 12.8%-9.1pp | 21.9%+5.9pp | 16.0%+11.7pp | 4.3%+42.7pp | -38.4% |
| Return on Equity | N/A | N/A | N/A | 1.4%-1.2pp | 2.5%+0.5pp | 2.1%+1.5pp | 0.5% | N/A |
| Return on Assets | -0.1%+0.5pp | -0.7%+0.5pp | -1.1%-2.4pp | 1.2%-1.0pp | 2.2%+0.5pp | 1.7%+1.3pp | 0.4%+3.4pp | -2.9% |
| Current Ratio | 2.36+0.7 | 1.63-0.2 | 1.79-0.6 | 2.41-1.2 | 3.59-0.1 | 3.72-0.7 | 4.46+1.4 | 3.08 |
| Debt-to-Equity | 0.18+0.1 | 0.10+0.0 | 0.090.0 | 0.09-0.0 | 0.10-0.1 | 0.18-0.0 | 0.21+0.1 | 0.15 |
| FCF Margin | 8.2%+2.8pp | 5.3%+2.2pp | 3.2%-26.3pp | 29.5%+3.4pp | 26.1%-1.2pp | 27.3%-6.6pp | 33.8%+18.4pp | 15.4% |
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Frequently Asked Questions
What is Genco Shipping & Trading Ltd's annual revenue?
Genco Shipping & Trading Ltd (GNK) reported $342K in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Genco Shipping & Trading Ltd's revenue growing?
Genco Shipping & Trading Ltd (GNK) revenue declined by 99.9% year-over-year, from $423.0M to $342K in fiscal year 2025.
Is Genco Shipping & Trading Ltd profitable?
Yes, Genco Shipping & Trading Ltd (GNK) reported a net income of $4K in fiscal year 2025, with a net profit margin of 1.3%.
What is Genco Shipping & Trading Ltd's earnings per share (EPS)?
Genco Shipping & Trading Ltd (GNK) reported diluted earnings per share of $0.10 for fiscal year 2025. This represents a -94.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Genco Shipping & Trading Ltd's EBITDA?
Genco Shipping & Trading Ltd (GNK) had EBITDA of $84K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Genco Shipping & Trading Ltd's gross margin?
Genco Shipping & Trading Ltd (GNK) had a gross margin of 29.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Genco Shipping & Trading Ltd's operating margin?
Genco Shipping & Trading Ltd (GNK) had an operating margin of 2.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Genco Shipping & Trading Ltd's net profit margin?
Genco Shipping & Trading Ltd (GNK) had a net profit margin of 1.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Genco Shipping & Trading Ltd pay dividends?
Yes, Genco Shipping & Trading Ltd (GNK) paid $0.95 per share in dividends during fiscal year 2025.
What is Genco Shipping & Trading Ltd's free cash flow?
Genco Shipping & Trading Ltd (GNK) generated $29K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Genco Shipping & Trading Ltd's operating cash flow?
Genco Shipping & Trading Ltd (GNK) generated $32K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Genco Shipping & Trading Ltd's capital expenditures?
Genco Shipping & Trading Ltd (GNK) invested $3K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Genco Shipping & Trading Ltd have outstanding?
Genco Shipping & Trading Ltd (GNK) had 43M shares outstanding as of fiscal year 2025.
Are Genco Shipping & Trading Ltd's earnings high quality?
Genco Shipping & Trading Ltd (GNK) has an earnings quality ratio of 7.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Genco Shipping & Trading Ltd cover its interest payments?
Genco Shipping & Trading Ltd (GNK) has an interest coverage ratio of 0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.