SFL Corporation (SFL) financial statements
SFL Corporation reported revenue of $733M in fiscal 2025, up 6.6% a year over 9 years.
Net income was -$26M and the operating margin 18.6%, against 40.7% in 2016.
The diluted share count rose 23% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SFL Corporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $413M | $381M | $419M | $459M | $471M | $513M | $670M | $752M | $904M | $733M |
| Operating income | $168M | $155M | $118M | $138M | -$138M | $243M | $275M | $240M | $307M | $137M |
| Interest expense | — | — | — | — | — | — | $117M | $167M | $183M | $181M |
| Pre-tax income | $119M | $77M | $59M | $72M | -$229M | $164M | $203M | $87M | $141M | -$25M |
| Income tax | — | — | — | — | — | $0 | $0 | $3M | $11M | $2M |
| Net income | $146M | $101M | $74M | $89M | -$224M | $164M | $203M | $84M | $131M | -$26M |
| EPS (diluted) | $1.50 | $1.03 | $0.69 | $0.83 | -$2.06 | $1.30 | $1.53 | $0.66 | $1.01 | -$0.20 |
| Diluted shares | 108M | 103M | 108M | 108M | 109M | 139M | 137M | 127M | 130M | 133M |
| Operating margin | 40.7% | 40.6% | 28.1% | 30.0% | -29.3% | 47.3% | 41.1% | 31.9% | 33.9% | 18.6% |
| Net margin | 35.5% | 26.6% | 17.6% | 19.4% | -47.6% | 32.0% | 30.2% | 11.2% | 14.4% | -3.6% |
Balance sheet
Fiscal years, from SFL Corporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $181M | $247M | $299M | $200M | $215M | $146M | $188M | $165M | $135M | $151M |
| Receivables | $4M | $13M | $3M | $5M | $7M | $11M | $20M | $41M | $37M | $12M |
| Inventory | $5M | $5M | $9M | $8M | $9M | $10M | $16M | $12M | $17M | $14M |
| Total current assets | $278M | $318M | $414M | $390M | $356M | $250M | $297M | $298M | $316M | $259M |
| Property, plant and equipment | — | $1.8B | $1.6B | — | — | — | — | $2.7B | $3.6B | $3.1B |
| Total assets | $2.9B | $3.0B | $3.9B | $3.9B | $3.1B | $3.5B | $3.9B | $3.7B | $4.1B | $3.6B |
| Total current liabilities | $239M | $344M | $404M | $366M | $577M | $400M | $1.1B | $969M | $828M | $710M |
| Long-term debt | $1.4B | $1.2B | $1.2B | $1.4B | $1.2B | $1.6B | $1.3B | $1.7B | $2.2B | $2.0B |
| Total liabilities | $1.8B | $1.8B | $2.7B | $2.8B | $2.3B | $2.5B | $2.8B | $2.7B | $3.0B | $2.7B |
| Shareholders' equity | $1.1B | $1.2B | $1.2B | $1.1B | $796M | $982M | $1.1B | $1.0B | $1.1B | $961M |
| Net debt | $1.5B | $1.4B | $1.2B | $1.4B | $1.4B | $1.7B | $2.0B | $2.0B | $2.7B | $2.4B |
Cash flow
Fiscal years, from SFL Corporation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $230M | $178M | $201M | $250M | $276M | $294M | $355M | $343M | $370M | $267M |
| Dividends paid | $168M | $153M | $149M | $151M | $109M | $78M | $112M | $123M | $138M | $125M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$10M | — | -$10M |
| Dividends per share | $1.56 | $1.49 | $1.39 | $1.40 | $1.00 | $0.56 | $0.81 | $0.97 | $1.07 | $0.94 |
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What was SFL Corporation's revenue in 2025?
$733M in fiscal 2025, from its 10-K filing.
From SFL Corporation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.