Global Ship Lease, Inc.
IndustrialsNYSE:GSL · New York Stock Exchange
+$1.39 today
Vol 0.22M · Avg 0.34M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$770.2M of revenue converted into $386.9M of net income for the selected period. Gross margin is 53.1% and net margin is 50.3%, showing how much revenue survives after costs and taxes. EPS is $10.49, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $766.5M +8.6% | $705.5M +5.8% | $666.7M +10.3% | $604.5M +50.2% | $402.5M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $355.5M +12.9% | $314.8M +6.9% | $294.5M +9.1% | $269.9M +31.7% | $205.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $410.9M +5.2% | $390.7M +5.0% | $372.2M +11.2% | $334.6M +69.4% | $197.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 53.6% -1.8pp | 55.4% -0.4pp | 55.8% +0.5pp | 55.4% +6.3pp | 49.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $22.1M +28.9% | $17.1M -6.0% | $18.2M -1.7% | $18.5M +39.9% | $13.2M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $22.1M +90.2% | $11.6M -59.9% | $29.0M +247.8% | -$19.6M +51.0% | -$40.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $135.4M +35.5% | $100.0M +9.0% | $91.7M +12.8% | $81.3M +32.1% | $61.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $590.9M +19.5% | $494.3M +12.0% | $441.5M -1.8% | $449.5M +48.7% | $302.3M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 77.1% +7.0pp | 70.1% +3.8pp | 66.2% -8.1pp | 74.4% -0.8pp | 75.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $388.9M +2.6% | $379.1M +10.5% | $343.2M -3.1% | $354.2M +49.1% | $237.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 50.7% -3.0pp | 53.7% +2.3pp | 51.5% -7.1pp | 58.6% -0.4pp | 59.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $19.2M +14.7% | $16.7M +71.2% | $9.8M +289.2% | $2.5M +459.5% | $449.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $39.0M -4.2% | $40.7M -9.3% | $44.8M -40.5% | $75.3M +8.8% | $69.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $27.6M +208.2% | -$25.5M +33.3% | -$38.3M +37.6% | -$61.3M +7.1% | -$66.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $416.5M +17.8% | $353.6M +16.0% | $304.9M +4.1% | $292.9M +70.7% | $171.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 54.3% +4.2pp | 50.1% +4.4pp | 45.7% -2.7pp | 48.5% +5.8pp | 42.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 -100.0% | $1.0K -99.8% | $448.0K +996.0% | -$50.0K -189.3% | $56.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | $416.5M +17.8% | $353.6M +16.1% | $304.5M +4.0% | $292.9M +70.8% | $171.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 54.3% +4.2pp | 50.1% +4.5pp | 45.7% -2.8pp | 48.5% +5.9pp | 42.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $11 +17.3% | $10 +16.7% | $8 +7.6% | $8 +66.5% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $11 +17.3% | $10 +18.4% | $8 +7.7% | $8 +65.7% | $5 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $35.7M +1.1% | $35.3M -0.3% | $35.4M -3.3% | $36.6M +4.2% | $35.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $35.7M +0.4% | $35.6M -1.0% | $35.9M -3.4% | $37.2M +4.8% | $35.5M | $1.2B | $924.4M | $678.0M |
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How much revenue does GSL generate?
Global Ship Lease, Inc. (GSL) reported $766.45M of revenue in fiscal 2025.
Is GSL profitable?
Global Ship Lease, Inc. (GSL) reported $416.45M of net income, with a net margin of 54.3%.
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