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Genco Shipping & Trading (GNK) USD

Genco Shipping & Trading Limited owns and operates dry bulk vessels that transport commodities such as iron ore, grains, coal, and steel products across global shipping routes.

At a glance: strengths & risks
✓Revenue growing (+69% y/y, Q2 2026)✓Margins improving (17%→32%, Q2 2026)✗Loss-making last FY

Sector: Freight & shipping

Geography: Global shipping

COMM_GNK

Price chart

26.81 USDDay -3.04%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
26.81 USD · -3.04%
Market cap
1.2 bn USD

Growth

Δ revenue y/y
68.5%
Δ EBITDA y/y
218.3%

Multiples

P/E (LTM)
28.8x
P/B (FY)
1.3x
P/E (ann.)
17.5x
EV/EBITDA (LTM)
10.1x
EV/EBITDA (ann.)
8.0x

Cash return

Dividend yield
6.7%
FCF yield (LTM)
6.0%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-1.5%
↓ details

Liquidity

Daily turnover (listing)
66.7 mln USD

Shares: yahoo_fundamentals_timeseries/GNK

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK136.4
y/y 68.5%
21.8
y/y —
22.4
y/y 23.5%
44.2
y/y 218.3%
16.6
y/y —
33.2-0.71261.4
y/y 21.3%
888.6
y/y -0.3%
7.5%251.6Yahoo Finance
2026-03-31Q1 2026 (3M)OK114.4
y/y 60.6%
13.3
y/y —
21.0
y/y 19.1%
34.4
y/y 335.1%
9.3
y/y —
15.7-0.41252.0
y/y 20.6%
885.4
y/y -2.0%
4.2%269.7Link
2025-12-31Q4 2025 (3M)OK109.9
y/y 10.8%
19.0
y/y 30.3%
21.1
y/y 19.2%
40.2
y/y 24.2%
15.4
y/y 21.6%
15.9-0.21138.1
y/y 7.7%
896.5
y/y -3.3%
-0.5%139.1Link
2025-09-30Q3 2025 (3M)OK79.9
y/y -19.5%
2.5
y/y -89.7%
19.3
y/y 16.1%
21.8
y/y -46.5%
-1.1
y/y -104.9%
7.7-1.21107.6
y/y 6.0%
885.9
y/y -4.7%
-0.2%74.0Link
2025-06-30Q2 2025 (3M)OK80.9
y/y -24.4%
-4.3
y/y -116.2%
18.1
y/y 6.1%
13.9
y/y -68.0%
-6.8
y/y -129.0%
5.4-1.11040.2
y/y -1.7%
891.6
y/y -3.3%
-3.0%57.8Link
2025-03-31Q1 2025 (3M)OK71.3
y/y -39.3%
-9.8
y/y -144.2%
17.7
y/y 2.6%
7.9
y/y -79.9%
-11.9
y/y -163.4%
2.9-0.71038.5
y/y -7.1%
903.2
y/y -1.3%
-5.2%53.3Link
2024-12-31Q4 2024 (3M)OK99.2
y/y -14.1%
14.6
y/y 107.6%
17.7
y/y 6.1%
32.3
y/y 36.2%
12.7
y/y 156.7%
30.0-0.81056.6
y/y -7.5%
926.7
y/y 1.5%
8.2%45.5Link
2024-09-30Q3 2024 (3M)OK99.3
y/y 19.2%
24.0
y/y —
16.6
y/y -2.4%
40.7
y/y —
21.5
y/y —
35.6-0.91044.5
y/y -4.6%
929.9
y/y 1.6%
3.1%27.4Link
2024-06-30Q2 2024 (3M)OK107.0
y/y 18.2%
26.3
y/y 102.0%
17.1
y/y 1.8%
43.4
y/y 45.6%
23.5
y/y 103.0%
29.0-1.11058.0
y/y -6.8%
921.8
y/y -3.4%
10.2%56.5Link
2024-03-31Q1 2024 (3M)OK117.4
y/y 24.4%
22.1
y/y 397.3%
17.2
y/y 8.0%
39.3
y/y 92.8%
18.8
y/y 613.7%
32.3-0.21117.8
y/y -2.3%
915.1
y/y -3.5%
8.2%115.8Link
2023-12-31Q4 2023 (3M)OK115.5
y/y —
7.0
y/y —
16.7
y/y —
23.7
y/y —
4.9
y/y —
39.6-0.51141.9
y/y —
913.3
y/y —
-1.4%147.7Link
2023-09-30Q3 2023 (3M)OK83.4
y/y —
-30.4
y/y —
17.0
y/y —
-13.3
y/y —
-32.0
y/y —
13.2-0.41095.0
y/y —
915.2
y/y —
-4.6%98.4Link
2023-06-30Q2 2023 (3M)OK90.6
y/y —
13.0
y/y —
16.8
y/y —
29.8
y/y —
11.6
y/y —
19.4-0.71135.4
y/y —
953.9
y/y —
4.9%105.5Link
2023-03-31Q1 2023 (3M)OK94.4
y/y —
4.4
y/y —
15.9
y/y —
20.4
y/y —
2.6
y/y —
19.6-1.11143.9
y/y —
948.5
y/y —
—117.9Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Long-term debt (incl. LT leases)325
− Cash & equivalents74
Net debt252

Net debt / LTM EBITDA: 1.8x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0501001502024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-200%0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-150-100-500501002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

01002003002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.27x of reported net profit; after capex, 1.26x. Loss years (2023, 2025) are left out of the ratio.
year20212022202320242025
cash flow / profit1.27x1.19x—1.66x—
accruals, % of assets-4.1%-2.6%-9.2%-4.8%-3.2%
Last twelve months (to 2026-06-30): 1.80x of profit came back as operating cash flow.
net debt / EBITDA 1.7x · EBIT covers interest 0.6x · capex 0.0x of depreciation · dividends 41% of free cash flow
● Capex is 4% of depreciation - the asset base is being consumed faster than replaced.
● EBIT covers interest 0.6x.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Key-commodity price — Baltic Exchange Dry Index

Current 3 584spot vs LTM +53%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -1.5% ▼ -0.3 pp 1d

Main driver: Baltic Exchange Dry Index +63% vs LTM; revenue ×1.53 vs costs ×1.10; EBITDA 140→218; at 6.4× EV/EBITDA → -1%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Baltic Exchange Dry Index (rev)+85%3 584.002 200.841 986.70+63%-10%
VLSFO America (cost)-25%869.50681.69719.59+28%+6%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue441
LTM EBITDA140
LTM cash costs (revenue − EBITDA)300
2 · Revenue projection
Revenue multiplier — spot×1.534 (+53%)
= Spot revenue676
Revenue multiplier — 3y price×0.917 (-8%)
= 3-year-price revenue404
3 · Costs projection
Cost multiplier — spot×1.099 (+10%)
= Spot cash costs330
Cost multiplier — 3y price×1.044 (+4%)
= 3-year-price cash costs313
4 · EBITDA projection (revenue − costs)
= Spot EBITDA346
= 3-year-price EBITDA91
Conservative EBITDA = min(spot, avg)218
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)6.4x
Target EV = EV/EBITDA × conservative EBITDA1 400
Net debt251
Target market cap = EV − net debt1 149
Current market cap1 167

Upside = target market cap ÷ current − 1 = -1.5%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q38397-14.1%-1326-151.7%
2023 Q4116150-22.8%2471-66.7%
2024 Q1117123-4.4%3940-1.5%
2024 Q2107118-9.0%4333+30.5%
2024 Q399107-7.4%4124+69.9%
2024 Q49994+5.9%3221+56.8%
2025 Q17174-3.3%87+21.0%
2025 Q28187-7.2%1425-44.3%
2025 Q380112-28.7%2248-55.0%
2025 Q4110110-0.3%4047-15.1%
2026 Q111497+17.7%3430+15.0%
2026 Q2136132+3.0%4454-17.8%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -19% vs +10% the year before — a -29.3 pp move. 3-year CAGR -14%.
revenue growth by year: 2023 -29% · 2024 +10% · 2025 -19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.8x · target 75th pct (3y) 24.1x · LTM avg 12.0x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-170.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2026-05-180.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)
2026-03-110.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2025-11-170.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-08-180.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-05-220.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-03-110.3 USDEx-dividend: 0.3 USD per sharePaidYahoo Finance (ex-div)
2024-11-180.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-08-190.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2024-05-210.42 USDEx-dividend: 0.42 USD per sharePaidYahoo Finance (ex-div)
2024-03-050.41 USDEx-dividend: 0.41 USD per sharePaidYahoo Finance (ex-div)
2023-11-210.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-08-150.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-05-150.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-03-060.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2022-11-180.78 USDEx-dividend: 0.78 USD per sharePaidYahoo Finance (ex-div)
2022-08-150.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2022-05-130.79 USDEx-dividend: 0.79 USD per sharePaidYahoo Finance (ex-div)
2022-03-090.67 USDEx-dividend: 0.67 USD per sharePaidYahoo Finance (ex-div)
2021-11-120.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Genco Shipping & Trading (GNK) — from primary filings.

Frequently asked questions

What is Genco Shipping & Trading (GNK)'s P/E ratio?
Genco Shipping & Trading (GNK) trades at a P/E of 28.8x (price to trailing 12-month earnings).
What is Genco Shipping & Trading (GNK)'s EV/EBITDA?
Genco Shipping & Trading (GNK) trades at 10.1x EV/EBITDA.
What is Genco Shipping & Trading (GNK)'s P/B ratio?
Genco Shipping & Trading (GNK) trades at a P/B of 1.3x.
What is Genco Shipping & Trading (GNK)'s dividend yield?
Genco Shipping & Trading (GNK)'s trailing 12-month dividend yield is 6.7%.
What is Genco Shipping & Trading (GNK)'s return on equity (ROE)?
Genco Shipping & Trading (GNK)'s ROE is 7.5%.
What is Genco Shipping & Trading (GNK)'s market capitalization?
Genco Shipping & Trading (GNK)'s market cap is 1.2 bn USD.

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