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MARKETS / NYSE / Industrials / Water transportation / GNK
NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Genco Shipping & Trading Ltd. GNK

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$342.1M
▼ 19.1% YoY
$-4.5M
▼ 105.9% YoY
$28.7M
▼ 76.8% YoY

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

In brief

What this company does

The company owns and operates a fleet of drybulk vessels focused on the seaborne transportation of commodities globally, transporting cargoes such as iron ore, coal, grain, bauxite and steel products along worldwide shipping routes. It maintains a global commercial team located in the United States, Denmark and Singapore. It currently employs 36 shore-based personnel, including those in its Singapore and Copenhagen offices, and approximately 945 seagoing personnel are employed on its vessels. For the year ended December 31, 2025, one customer, Oldendorff Carriers, including its subsidiaries, accounted for 11.0% of its voyage revenue. Its major bulk vessels, consisting of Newcastlemax and Capesize ships, are primarily used to transport iron ore, coal and bauxite. Its minor bulk vessels, consisting of Ultramax and Supramax ships, are primarily used to transport grains, steel products and other drybulk cargoes such as cement, scrap, fertilizer, nickel ore, salt and sugar.

Written from the business description in GENCO SHIPPING & TRADING LTD's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 342.1M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 342.1 · Net income -4.5
200M400M-100M-200M
2008201120152018202120242025
Compound annual growth
−14.0%
−0.8%
+8.3%
−35.1%
+26.1%
−34.3%
+27.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.8% a year over the five years to FY2025.

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

−1 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 2.2% · Net -1.3%
20%40%-50%-100%-150%
200820172025
ROE
FY2025 · ROE -0.5%
10%20%-10%-20%
200820172025
Three returns, three denominators.
Gross margin71.2%
Operating margin2.2%
Net margin-1.3%
EBITDAUSD 83.7M

Each USD of equity lost 0 cents this year.

Cash & shareholders

USD 32.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 28.7
100M200M-20M-40M
200820172025
Net buybacks $M Dividends $M
FY2025 · Dividends 32.8 · Net buybacks ·
50M100M-100M-200MDividendsNet buybacks
20082019202020212022202320242025
Dividends paidUSD 32.8M
Net buybacks·
Share of profit-751.4%
Consecutive raises·

USD 32.8M in dividends went back to shareholders in a year without profit.

Total assetsUSD 1.1B
EquityUSD 896.5M
CashUSD 55.5M
Gross debtUSD 189.1M
Net debtUSD 133.5M
Current ratio2.39×

Net debt stands at 15% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
GNK, 17-year financial record
Metric 20252024202320222021202020192018201720162015201320122011201020092008
Revenue $B0.30.40.40.50.50.40.40.40.20.10.20.20.20.40.40.40.4
Operating income $B0.00.1−0.00.20.2−0.2−0.00.0−0.0−0.2−0.2−0.1−0.10.10.20.20.2
EBITDA $B0.10.20.10.20.3−0.10.00.10.0−0.1−0.10.10.10.20.30.30.3
Income tax $B◌◌◌◌◌◌◌◌◌0.00.00.00.00.00.0◌◌
Net income $B−0.00.1−0.00.20.2−0.2−0.1−0.0−0.1−0.2−0.3−0.2−0.20.00.10.10.1
Free cash flow $B0.00.10.10.20.20.00.10.10.0−0.1−0.1−0.0−0.00.2◌◌◌
EPS, diluted $−0.101.75−0.303.704.27−5.38−1.34−0.86−1.71−30.03−29.61−3.42−3.470.724.074.732.84
Dividend / sh $0.751.570.952.740.320.230.50◌◌◌◌0.000.000.00◌◌3.85
Payout %−75188−318737−4−37—————————135
ROE %−0.58.3−1.416.821.9−26.2−5.5−3.2−5.9−20.4−23.7−15.4−14.22.213.718.312.4
Shares out B0.040.040.040.040.040.040.040.040.030.010.070.040.040.040.040.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNYSE
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
Data on record since2008

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