GNK - NYSE
Genco Shipping & Trading Limited
$23.99
-0.70%Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
At a Glance
Live SnapshotGenco Shipping & Trading Limited Profit Bridge
Profitability Analysis
Gross Margin
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating Margin
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.
Genco Shipping & Trading Limited Income Statement
GNK • NYSE
| Genco Shipping & Trading Limited Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
342.1M | 423M | 383.8M | 536.9M | 547.1M | 355.6M | 389.5M | 367.5M | 209.7M | 135.6M | 154M | 227.5M | 227.5M | 226.5M | 392.2M | 448.7M | 379.5M | 405.4M | 185.4M | 133.2M | |
GROSS PROFIT | ||||||||||||||||||||
(296.1M) | (306.3M) | (315.7M) | (340.7M) | (320.9M) | (319.9M) | (358.3M) | (282.8M) | (195.2M) | (203.2M) | (221.8M) | (8M) | (260.5M) | (260.4M) | (110M) | (83.4M) | (62.3M) | (52.2M) | (32.7M) | (25.6M) | |
46M | 116.7M | 68.2M | 196.3M | 226.3M | 35.7M | 31.2M | 84.7M | 14.5M | -67.6M | -67.9M | 219.4M | -33M | -33.9M | 282.2M | 365.2M | 317.2M | 353.1M | 152.7M | 107.6M | |
OPERATING INCOME | ||||||||||||||||||||
(36.9M) | (29.6M) | (74M) | (29M) | (25.1M) | (239M) | (59.6M) | (31.1M) | (29.8M) | (31.9M) | (83.9M) | (103.6M) | (33.9M) | (35.4M) | (169.6M) | (144M) | (106.7M) | (91.2M) | (21.6M) | (37.3M) | |
(30.8B) | (29.1M) | (28.3M) | (25.7M) | (24.5M) | (21.3M) | (24.5M) | (23.1M) | (22.2M) | (23.9M) | (83.9M) | (34M) | (34M) | (35.7M) | (33.9M) | (29.1M) | (18.6M) | (19.8M) | (12.6M) | (8.9M) | |
9.1M | 87M | -5.8M | 167.2M | 201.1M | -203.3M | -28.4M | 516K | -29.6M | -185.9M | -192.9M | -121K | -66.9M | -69.3M | 112.6M | 221.3M | 210.5M | 234.4M | 131.1M | 70.3M | |
PRE-TAX INCOME | ||||||||||||||||||||
(12.3M) | (13.3M) | (8.8M) | (9.1M) | (15.4M) | (22.4M) | (32M) | (33.1M) | (30.5M) | (28.5M) | (20M) | (48.6M) | (88.2M) | (87.6M) | (86.7M) | (72.7M) | (61.8M) | (52.6M) | (26.5M) | (0.0) | |
-10.8M | -10.3M | -6.1M | -8.1M | -15.2M | -21.4M | -27.9M | -29.3M | -28.9M | -28.2M | -19.9M | -48.6M | -88.1M | -87.2M | -86.1M | -72M | -61.6M | -50.8M | -23M | 0.0 | |
-30.7B | (498K) | (45.7M) | (3.3M) | (688K) | (217.8M) | (35.1M) | (367K) | -164K | -20M | -796K | (69.6M) | -76K | -29K | (135.7M) | (114.9M) | (88.2M) | (71.4M) | (21.6M) | (28.4M) | |
-13.6M | -10.6M | -6.5M | -7.9M | -19.1M | -22.2M | -27.6M | -33.5M | -29.1M | -30.6M | -59.7M | -965.9M | -88.2M | -86.9M | -86.2M | -72M | -61.9M | -147.8M | -24.3M | -6.8M | |
-4.5M | 76.5M | -12.4M | 159.4M | 182M | -225.6M | -56M | -32.9M | -58.7M | -216.4M | -252.5M | -155.1M | -155.1M | -156.6M | 26.5M | 149.2M | 148.6M | 86.6M | 106.8M | 63.5M | |
NET INCOME | ||||||||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (709K) | (1.8M) | -1.9M | (1.9M) | (1.2M) | (1.4M) | (1.8M) | (0.0) | (0.0) | (0.0) | (0.0) | |
-4.4M | 76.4M | -12.9M | 158.6M | 182M | -225.6M | -56M | -32.9M | -58.7M | -217.2M | -194.9M | -147.7M | -147.7M | -144.9M | 25.4M | 141.2M | 148.6M | 86.6M | 106.8M | 63.5M |
SEC Filings
GNK - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 02, 2026 | June 02, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 01, 2026 | May 01, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 30, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 05, 2026 | February 27, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 18, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 17, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 13, 2026 | February 13, 2026 | 2026 |
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