ECO vs ZIM: Okeanis Eco Tankers and ZIM Integrated Shipping Services compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Okeanis Eco Tankers is the larger company, worth $3.7B, close to ZIM Integrated Shipping Services's $3.5B.
- Okeanis Eco Tankers grew revenue faster over the last year (-0.4% vs -18.1%).
- Okeanis Eco Tankers keeps more of each dollar of revenue as operating profit (41.5% vs 14.7%).
- On earnings, ZIM Integrated Shipping Services is the cheaper stock (7.5x vs 24.7x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ECO | ZIM |
|---|---|---|
| Market cap | $3.7B | $3.5B |
| Share price | $93.11 | $29.99 |
| Revenue (last fiscal year) | $392M | $6.9B |
| Free cash flow (last fiscal year) | — | $2.1B |
| Revenue growth, last year | -0.4% | -18.1% |
| Revenue growth per year, last 5 fiscal years | +23.4% | -10.4% |
| Operating margin | 41.5% | 14.7% |
| Net margin | 31.4% | 6.9% |
| Return on equity | 21.4% | 11.9% |
| P/E (trailing) | 24.7x | 7.54x |
| Price / free cash flow | 51.8x | 2.20x |
| EV / EBITDA | 13.0x | 3.05x |
| FCF growth the price implies | — | -33.2% |
| Dividend yield | — | 4.2% |
| Debt / equity | 1.09x | 1.74x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Okeanis Eco Tankers
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $169M | — | 18.9% |
| 2022 | $271M | — | 40.6% |
| 2023 | $413M | — | 48.7% |
| 2024 | $393M | — | 41.4% |
| 2025 | $392M | — | 41.5% |
ZIM Integrated Shipping Services
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $10.7B | $5.0B | 54.2% |
| 2022 | $12.6B | $5.8B | 48.8% |
| 2023 | $5.2B | $904M | -48.6% |
| 2024 | $8.4B | $3.5B | 30.0% |
| 2025 | $6.9B | $2.1B | 14.7% |
Where the revenue comes from
Okeanis Eco Tankers · by products, 2025
Voyage Charter$384M98%
Time Charter$8M2%
ZIM Integrated Shipping Services · by products, 2022
Shipping$12.4B99%
Other Services$170M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ECO in InvestinglyQuestions
Which is bigger, Okeanis Eco Tankers or ZIM Integrated Shipping Services?
Okeanis Eco Tankers (ECO), at $3.7B against $3.5B.
Is ECO or ZIM cheaper?
By trailing P/E, ZIM Integrated Shipping Services (7.54x) is cheaper than Okeanis Eco Tankers (24.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, ECO or ZIM?
Okeanis Eco Tankers: revenue grew -0.4% over the last year, against -18.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.