Genco Shipping & Trading Limited (GNK) Income Statement
GNK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGNK revenue and net income
Where GNK's revenue goes
2025Each bar shows an amount and its share of revenue. GNK kept −1.3% of revenue as net income.
GNK profit margins
GNK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.1% | −14.0% | −0.8% | +8.3% |
| Gross profit | −60.6% | −38.3% | +5.2% | — |
| Operating income | −89.5% | −62.1% | — | — |
| Net income | −105.7% | — | — | — |
| EPS (diluted) | −102.4% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GNK quarterly EPS vs estimates
Genco Shipping & Trading beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.77).
GNK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $342.1M | $423.0M | $383.8M | $536.9M | $547.1M | $355.6M | $389.5M | $367.5M | $209.7M | $135.6M |
| Cost of revenue | $296.1M | $306.3M | $315.7M | $340.7M | $320.9M | $319.9M | $358.3M | $282.8M | $195.2M | $203.2M |
| Gross profit | $46.0M | $116.7M | $68.2M | $196.3M | $226.3M | $35.7M | $31.2M | $84.7M | $14.5M | −$67.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $30.75B | $29.1M | $33.5M | $25.7M | $24.5M | $21.3M | $24.5M | $23.1M | $22.2M | $23.9M |
| Total operating expenses | $36.9M | $29.6M | $74.0M | $29.0M | $25.1M | $239.0M | $59.6M | $31.1M | $29.8M | $31.9M |
| Operating income | $9.1M | $87.0M | −$5.8M | $167.2M | $201.1M | −$203.3M | −$28.4M | $516,000 | −$29.6M | −$185.9M |
| Interest income | $10.8M | $3.0M | $2.5M | $1.0M | $154,000 | $1.0M | $27.9M | $29.3M | $28.9M | $28.2M |
| Interest expense | $12.3M | $13.3M | $8.8M | $9.1M | $15.4M | $22.4M | $32.0M | $33.1M | $30.5M | $28.5M |
| Income before taxes | −$4.5M | $76.5M | −$12.4M | $159.4M | $182.0M | −$225.6M | −$56.0M | −$32.9M | −$58.7M | −$216.4M |
| Income taxes | — | — | $514,000 | $8.7M | $15.9M | $21.6M | $32.5M | −$365,000 | $30.3M | $709,000 |
| Net income | −$4.4M | $76.4M | −$12.9M | $158.6M | $182.0M | −$225.6M | −$56.0M | −$32.9M | −$58.7M | −$217.2M |
| EBITDA | $85.1M | $159.9M | $64.3M | $230.1M | $255.0M | −$136.6M | $50.0M | $69.1M | $43.5M | −$112.3M |
| EPS (diluted) | −$0.04 | $1.65 | $0.67 | $3.69 | $4.24 | −$0.35 | −$0.68 | $0.61 | −$1.31 | −$20.53 |
| Gross margin | 13.4% | 27.6% | 17.8% | 36.6% | 41.4% | 10.0% | 8.0% | 23.1% | 6.9% | −49.9% |
| Operating margin | 2.7% | 20.6% | −1.5% | 31.1% | 36.8% | −57.2% | −7.3% | 0.1% | −14.1% | −137.1% |
| Net margin | −1.3% | 18.1% | −3.4% | 29.5% | 33.3% | −63.4% | −14.4% | −9.0% | −28.0% | −160.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $136.4M | $114.4M | $109.9M | $79.9M | $80.9M | $71.3M | $99.2M | $99.3M | $107.0M | $117.4M | $115.5M | $83.4M |
| Cost of revenue | $71.0M | $90.0M | $79.3M | $49.3M | $75.9M | $72.2M | $74.7M | $71.0M | $76.8M | $83.9M | $86.9M | $78.1M |
| Gross profit | $65.4M | $24.5M | $30.6M | $30.6M | $5.0M | −$951,000 | $24.5M | $28.4M | $30.2M | $33.6M | $28.6M | $5.3M |
| Sales, general & admin | $7.9M | $8.11B | $30.73B | $8.8M | $7.4M | $7.5M | $8.3M | $6.8M | $6.3M | $9.0M | $8.2M | $6.6M |
| Total operating expenses | $43.7M | $8.9M | $9.7M | $28.1M | $9.3M | $8.8M | $9.9M | $4.3M | $3.9M | $11.5M | $21.6M | $35.7M |
| Operating income | $21.8M | $15.6M | $21.0M | $2.5M | −$4.3M | −$9.8M | $14.6M | $24.0M | $26.3M | $22.1M | $7.0M | −$30.4M |
| Interest income | $605,000 | $665,000 | $3.5M | $388,000 | $243,000 | $370,000 | $684,000 | $749,000 | $721,000 | $824,000 | $790,000 | $588,000 |
| Interest expense | $5.8M | $4.5M | $4.0M | $3.2M | $2.6M | $2.5M | $2.8M | $3.0M | $3.5M | $4.0M | $2.6M | $2.0M |
| Income before taxes | $16.7M | $9.6M | $15.3M | −$1.1M | −$6.8M | −$12.0M | $12.5M | $21.6M | $23.5M | $18.9M | $5.1M | −$31.9M |
| Income taxes | −$266,000 | — | — | — | — | — | $12.67B | −$21.44B | $26,000 | $145,000 | −$4.5M | $2.0M |
| Net income | $16.6M | $9.3M | $15.4M | −$1.1M | −$6.8M | −$11.9M | $12.7M | $21.5M | $23.5M | $18.8M | $4.9M | −$32.0M |
| EBITDA | $44.1M | $35.2M | $40.5M | $21.7M | $14.2M | $8.3M | $33.4M | $41.5M | $44.4M | $40.6M | $24.8M | −$12.5M |
| EPS (diluted) | $0.65 | $0.26 | $0.39 | −$0.01 | −$0.14 | −$0.28 | $0.29 | $0.41 | $0.46 | $0.49 | $0.43 | −$0.09 |
| Gross margin | 47.9% | 21.4% | 27.9% | 38.3% | 6.2% | −1.3% | 24.7% | 28.6% | 28.3% | 28.6% | 24.8% | 6.4% |
| Operating margin | 15.9% | 13.6% | 19.1% | 3.1% | −5.3% | −13.7% | 14.7% | 24.2% | 24.6% | 18.8% | 6.1% | −36.4% |
| Net margin | 12.2% | 8.1% | 14.0% | −1.3% | −8.4% | −16.7% | 12.8% | 21.6% | 21.9% | 16.0% | 4.3% | −38.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GNK's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GNK financial results
In fiscal year 2025 (ended December 31, 2025), Genco Shipping & Trading reported revenue of $342.1 million, down 19.1% from the year before. It had a net loss of $4.4 million, a net profit margin of −1.3%. Diluted earnings per share came to −$0.04. Over five years revenue grew at an average rate of −0.8% a year.
See the GNK stock overview for the latest quote and news, or the GNK chart for price history and technical indicators.
GNK income statement FAQ
What is Genco Shipping & Trading's annual revenue?
Genco Shipping & Trading reported total revenue of $342.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.1% from $423.0 million the previous year.
Is Genco Shipping & Trading profitable?
No. Genco Shipping & Trading reported a net loss of $4.4 million in fiscal 2025, a net profit margin of −1.3%; its operating margin was 2.7%.
What is Genco Shipping & Trading's gross margin?
Genco Shipping & Trading's gross margin was 13.4% in fiscal 2025: for every $100 of revenue, Genco Shipping & Trading kept $13 after the direct cost of its products and services.
How fast is Genco Shipping & Trading growing?
Revenue grew −0.8% a year on average over the last five fiscal years, from $355.6 million to $342.1 million.
What are Genco Shipping & Trading's earnings per share?
Genco Shipping & Trading earned $-0.04 per diluted share in fiscal 2025, compared with $1.65 a year earlier.
When will Genco Shipping & Trading report its next earnings?
Genco Shipping & Trading is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Genco Shipping & Trading's fiscal year end?
Genco Shipping & Trading's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.