Genco Shipping & Trading (GNK) financial statements
Genco Shipping & Trading reported revenue of $342M in fiscal 2025, up 10.8% a year over 9 years.
Net income was -$4M and the operating margin 2.2%, against -137.5% in 2016.
Free cash flow was $29M, and the company returned $33M in dividends.
The diluted share count rose 498% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Genco Shipping & Trading's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $136M | $210M | $368M | $389M | $356M | $547M | $537M | $384M | $423M | $342M |
| Selling, general and admin | $45M | $22M | $23M | $25M | $21M | $24M | $26M | $28M | $29M | $31M |
| Operating income | -$186M | -$30M | $516,000 | -$28M | -$203M | $201M | $167M | -$6M | $87M | $7M |
| Interest expense | $28M | $30M | $33M | $32M | $22M | $15M | $9M | $9M | $13M | $12M |
| Pre-tax income | -$217M | -$59M | -$33M | — | — | — | — | — | — | — |
| Income tax | $709,000 | — | — | — | — | — | — | — | — | — |
| Net income | -$218M | -$59M | -$33M | -$56M | -$226M | $182M | $159M | -$13M | $76M | -$4M |
| EPS (diluted) | -$30.03 | -$1.71 | -$0.86 | -$1.34 | -$5.38 | $4.27 | $3.70 | -$0.30 | $1.75 | -$0.10 |
| Diluted shares | 7M | 34M | 38M | 42M | 42M | 43M | 43M | 43M | 44M | 43M |
| Operating margin | -137.5% | -14.1% | 0.1% | -7.3% | -57.2% | 36.8% | 31.1% | -1.5% | 20.6% | 2.2% |
| Net margin | -160.6% | -28.0% | -9.0% | -14.4% | -63.4% | 33.3% | 29.5% | -3.4% | 18.1% | -1.3% |
Balance sheet
Fiscal years, from Genco Shipping & Trading's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $133M | $174M | $197M | $156M | $144M | $115M | $58M | $47M | $44M | $56M |
| Receivables | $10M | $13M | $22M | $14M | $13M | $20M | $25M | $18M | $21M | $14M |
| Inventory | $10M | $15M | $30M | $27M | $22M | $25M | $22M | $27M | $22M | $25M |
| Total current assets | $173M | $217M | $270M | $223M | $247M | $175M | $125M | $157M | $98M | $109M |
| Property, plant and equipment | $1M | $1M | $2M | $6M | $6M | $7M | $9M | $7M | $7M | $7M |
| Total assets | $1.6B | $1.5B | $1.6B | $1.5B | $1.2B | $1.2B | $1.2B | $1.1B | $1.1B | $1.1B |
| Total current liabilities | $29M | $52M | $102M | $128M | $114M | $42M | $37M | $35M | $41M | $46M |
| Long-term debt | $508M | $491M | $469M | $413M | $359M | $238M | $165M | $190M | $82M | $189M |
| Total liabilities | $539M | $546M | $574M | $550M | $488M | $286M | $206M | $227M | $128M | $240M |
| Shareholders' equity | $1.0B | $974M | $1.1B | $978M | $745M | $917M | $967M | $913M | $927M | $896M |
| Net debt | $380M | $341M | $338M | $327M | $296M | $124M | $107M | $144M | $38M | $134M |
Cash flow
Fiscal years, from Genco Shipping & Trading's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$52M | $24M | $66M | $60M | $37M | $231M | $189M | $92M | $127M | $32M |
| Capital spending | $329,000 | $290,000 | $1M | $5M | $5M | $2M | $4M | $3M | $3M | $3M |
| Free cash flow | -$53M | $24M | $64M | $55M | $32M | $230M | $186M | $89M | $124M | $29M |
| Stock-based compensation | $21M | $4M | $2M | $2M | $2M | $2M | $3M | $6M | $6M | $7M |
| Dividends paid | — | — | — | $21M | $10M | $13M | $116M | $41M | $68M | $33M |
| Free cash flow margin | -38.8% | 11.3% | 17.5% | 14.1% | 9.1% | 42.0% | 34.6% | 23.2% | 29.3% | 8.4% |
| Dividends per share | — | — | — | $0.50 | $0.23 | $0.32 | $2.70 | $0.96 | $1.55 | $0.76 |
Questions
What was Genco Shipping & Trading's revenue in 2025?
$342M in fiscal 2025, from its 10-K filing.
How much free cash flow does Genco Shipping & Trading generate?
$29M in fiscal 2025 (operating cash flow minus capital spending).
From Genco Shipping & Trading's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.