Global Ship Lease, Inc. (GSL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GSL SEC filings page.
Global Ship Lease, Inc. (GSL) reported $766.5M in revenue for fiscal year 2025, up 7.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Operating cash generation and retained earnings are expanding while leverage falls, making balance-sheet strengthening the dominant business mechanic.
Operating cash flow rose from$248M in FY2021 to$528M in FY2025. Net income also rose from$171M to$416M , keeping cash conversion above 1.0x across the period; that alignment suggests reported earnings were generally converting into cash rather than relying mainly on non-cash accruals.
Operating margin rose from
Debt-to-equity fell from 1.2x in FY2021 to 0.3x in FY2025, while the current ratio moved from 0.6x to 2.0x. Together, those shifts indicate less reliance on creditor financing and materially greater short-term balance-sheet flexibility.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Global Ship Lease, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Global Ship Lease, Inc. has an operating margin of 56.8%, meaning the company retains $57 of operating profit per $100 of revenue. This strong profitability earns a score of 99/100, reflecting efficient cost management and pricing power. This is up from 53.3% the prior year.
Global Ship Lease, Inc.'s revenue grew 7.8% year-over-year to $766.5M, a solid pace of expansion. This earns a growth score of 56/100.
Global Ship Lease, Inc. has a moderate D/E ratio of 0.30. This balance of debt and equity financing earns a leverage score of 62/100.
Global Ship Lease, Inc.'s current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.
Global Ship Lease, Inc. earns a strong 23.1% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 24.2% the prior year.
Global Ship Lease, Inc. scores 2.38, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Global Ship Lease, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Global Ship Lease, Inc. generates $1.27 in operating cash flow ($528.3M OCF vs $416.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Global Ship Lease, Inc. earns $11.17 in operating income for every $1 of interest expense ($435.1M vs $39.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Global Ship Lease, Inc. held $273.9M in cash against $541.6M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
GSL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
GSL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9B+20.6% | $2.6B+20.0% | $2.4B+9.3% | $2.2B+0.4% | $2.2B+3.1% | $2.2B+2.9% | $2.1B+5.6% | $2.1B+46.7% |
| Current Assets | $627.0M+108.1% | $566.3M+51.7% | $301.2M+1.9% | $373.3M+67.2% | $295.7M+24.7% | $223.2M-14.5% | $237.0M+65.4% | $261.2M+42.1% |
| Cash & Equivalents | $273.9M+93.7% | $415.6M+142.6% | $141.4M+2.0% | $171.3M+102.7% | $138.6M+15.4% | $84.5M-53.4% | $120.1M+78.6% | $181.2M+26.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $14.6M-22.8% | $18.1M+16.1% | $18.9M+19.9% | $15.6M+16.2% | $15.8M+28.8% | $13.4M+12.1% | $12.2M+7.2% | $12.0M+85.2% |
| Accounts Receivable | $49.9M+299.1% | $28.8M+147.0% | $12.5M+163.7% | $11.6M+274.6% | $4.7M+28.7% | $3.1M-10.5% | $3.7M+14.4% | $3.5M+20.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.1B+16.5% | $1.0B+14.8% | $909.8M-7.9% | $871.5M-22.2% | $987.4M-13.4% | $1.1B-13.6% | $1.1B-11.1% | $1.3B+50.9% |
| Current Liabilities | $306.8M+16.2% | $281.9M+7.2% | $264.0M-5.9% | $263.0M-9.3% | $280.4M+7.1% | $289.9M-11.7% | $261.8M+6.9% | $328.2M+154.9% |
| Non-Current Liabilities | $753.3M+16.7% | $718.1M+18.0% | $645.8M-8.7% | $608.5M-26.8% | $707.0M-19.5% | $830.7M-14.2% | $878.0M-15.3% | $968.2M+32.5% |
| Long-Term Debt | $541.6M+0.5% | $614.0M+13.9% | $538.8M-13.0% | $539.0M-23.8% | $619.2M-16.8% | $707.7M-15.1% | $744.6M-15.4% | $833.2M+14.8% |
| Total Equity | $1.8B+23.1% | $1.6B+23.4% | $1.5B+23.6% | $1.3B+24.1% | $1.2B+22.5% | $1.1B+28.5% | $966.5M+35.6% | $834.4M+40.6% |
| Retained Earnings | $1.1B+42.8% | $953.0M+49.7% | $773.8M+58.5% | $636.8M+73.4% | $488.1M+98.1% | $367.3M+219.1% | $246.4M+1725.4% | $115.1M+218.8% |
Not reported in any period shown, so not listed: Goodwill.
GSL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
GSL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Global Ship Lease, Inc. GSL | FY2025 | $766.5M | $416.5M | 54.3% | $1.6B | 77/100 |
| SFL Corporation Ltd. SFL | FY2025 | $733.0M | -$26.4M | -3.6% | $1.8B | 31/100 |
| Navios Maritime Partners L.P. NMM | FY2025 | $1.3B | $285.3M | 21.2% | $2.7B | 37/100 |
| Capital Clean Energy Carriers Corp. CCEC | FY2025 | N/A | $170.8M | N/A | $1.3B | — |
| Okeanis Eco Tankers Corp. ECO | FY2025 | $391.5M | $123.0M | 31.4% | $3.0B | 18/100 |
| Danaos Corporation DAC | FY2025 | $1.0B | $494.6M | 47.4% | $2.9B | 65/100 |
Where Global Ship Lease, Inc. Ranks
Frequently Asked Questions
What is Global Ship Lease, Inc.'s annual revenue?
Global Ship Lease, Inc. (GSL) reported $766.5M in total revenue for fiscal year 2025. This represents a 7.8% 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 Global Ship Lease, Inc.'s revenue growing?
Global Ship Lease, Inc. (GSL) revenue grew by 7.8% year-over-year, from $711.1M to $766.5M in fiscal year 2025.
Is Global Ship Lease, Inc. profitable?
Yes, Global Ship Lease, Inc. (GSL) reported a net income of $416.5M in fiscal year 2025, with a net profit margin of 54.3%.
What is Global Ship Lease, Inc.'s EBITDA?
Global Ship Lease, Inc. (GSL) had EBITDA of $557.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Global Ship Lease, Inc. have?
As of fiscal year 2025, Global Ship Lease, Inc. (GSL) had $273.9M in cash and equivalents against $541.6M in long-term debt.
What is Global Ship Lease, Inc.'s operating margin?
Global Ship Lease, Inc. (GSL) had an operating margin of 56.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Global Ship Lease, Inc.'s net profit margin?
Global Ship Lease, Inc. (GSL) had a net profit margin of 54.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Ship Lease, Inc.'s return on equity (ROE)?
Global Ship Lease, Inc. (GSL) has a return on equity of 23.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Global Ship Lease, Inc.'s operating cash flow?
Global Ship Lease, Inc. (GSL) generated $528.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Ship Lease, Inc.'s total assets?
Global Ship Lease, Inc. (GSL) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Global Ship Lease, Inc.'s current ratio?
Global Ship Lease, Inc. (GSL) had a current ratio of 2.04 as of fiscal year 2025, which is generally considered healthy.
What is Global Ship Lease, Inc.'s debt-to-equity ratio?
Global Ship Lease, Inc. (GSL) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Ship Lease, Inc.'s return on assets (ROA)?
Global Ship Lease, Inc. (GSL) had a return on assets of 14.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Ship Lease, Inc.'s P/E ratio?
Global Ship Lease, Inc. (GSL) trades at 4.0x earnings, its market capitalization divided by net income of $416.5M net income, FY2025. The market capitalization is $1.6B as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Global Ship Lease, Inc.'s price-to-sales ratio?
Global Ship Lease, Inc. (GSL) trades at 2.2x sales, its market capitalization divided by revenue of $766.5M revenue, FY2025. The market capitalization is $1.6B as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Global Ship Lease, Inc.'s Altman Z-Score?
Global Ship Lease, Inc. (GSL) has an Altman Z-Score of 2.38, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Global Ship Lease, Inc.'s Piotroski F-Score?
Global Ship Lease, Inc. (GSL) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Ship Lease, Inc.'s earnings high quality?
Global Ship Lease, Inc. (GSL) has an earnings quality ratio of 1.27x, 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 Global Ship Lease, Inc. cover its interest payments?
Global Ship Lease, Inc. (GSL) has an interest coverage ratio of 11.17x, meaning it can comfortably 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.
How financially healthy is Global Ship Lease, Inc.?
Global Ship Lease, Inc. (GSL) scores 77 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.