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MARKETS / NYSE / DSX
NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Diana Shipping Inc. DSX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$213.5M
▼ 6.4% YoY
$17.8M
▲ 39.9% YoY
In brief

What this company does

As of December 31, 2025, the company operated a fleet of 36 owned and chartered-in dry bulk carriers, comprising nine Ultramax, five Panamax, six Kamsarmax, four Post-Panamax, eight Capesize and four Newcastlemax vessels, with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 12.1 years. During 2025, two of the company's charterers accounted for 29% of its revenues in aggregate. The commercial and technical management of the company's fleet, along with administrative services related to its operations, is carried out by its wholly-owned subsidiary Diana Shipping Services S.A., referred to as DSS, and by Diana Wilhelmsen Management Limited, a 50/50 joint venture with Wilhelmsen Ship Management, referred to as DWM.

Written from the business description in DIANA SHIPPING INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
USD 213.5M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 213.5 · Net income 17.8
100M200M-200M-400M2008201120142017202020232025
Compound annual growth
−9.7%
+4.7%
+3.1%
−46.9%
−12.4%
−56.8%
−16.3%
−44.6%
−29.8%
+18.1%
+26.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 19.8% · Net 8.3%
20%40%-100%-200%-300%2008201120142017202020232025
ROE
FY2025 · ROE 3.5%
10%20%-20%-40%-60%2008201120142017202020232025

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 27.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 40.6
100M200M-50M-100M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 4.6 · Net buybacks 23.0
40M-40M-80MDividendsNet buybacks200920112013201520172019202120232025

USD 4.6M in dividends and USD 23.0M in buybacks — 155% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.2B
EquityUSD 502.4M
CashUSD 50.5M
Gross debtUSD 522.8M
Net debtUSD 472.3M
Current ratio2.73×

Net debt stands at 94% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.20.20.30.30.20.20.20.20.20.10.20.20.20.20.3···
Operating income $B0.00.10.10.10.1−0.10.00.0−0.5−0.1−0.0−0.0−0.00.10.10.10.10.2
EBITDA $B0.10.10.10.20.1−0.10.10.1−0.4−0.00.00.10.10.10.20.20.20.3
Income tax $B··················
Net income $B0.00.00.00.10.1−0.1−0.00.0−0.5−0.2−0.1−0.0−0.00.10.10.10.10.2
Free cash flow $B··0.0−0.10.10.00.00.1−0.1−0.1−0.1−0.1−0.1−0.10.1−0.10.20.3
EPS, diluted $0.110.050.421.360.61−1.62−0.170.10−5.41−2.11−0.89−0.19−0.260.671.331.591.552.97
Dividend / sh $0.040.230.600.23··············
Payout %26228836715·············
ROE %3.52.610.227.014.0−26.9−1.82.6−60.9−14.4−5.2−0.8−1.74.49.212.112.2·
Shares out B0.120.130.110.100.080.090.090.100.110.080.080.080.080.080.080.080.08·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
Data on record since2008

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