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Owner and operator of a fleet of dry bulk carriers (Capesize and minor bulk) transporting commodities worldwide.
Owner and operator of a fleet of dry bulk carriers (Capesize and minor bulk) transporting commodities worldwide.
Charters its ships out either by the voyage in the spot market or on time charters linked to freight indices, so earnings follow dry bulk freight rates, which are driven by cargo demand and the supply of ships. The company has kept debt low relative to peers and pays dividends tied to cash flow.
In one line: A dry-bulk shipping company.
Moat: narrow (scale). Modern, diversified dry-bulk fleet with a strategy of paying out most free cash flow as dividends.
Headquarters: New York, New York · Founded: 2004 · Employees: 981
Size Genco Shipping & Trading (GNK) is a United States Industrials company (Marine Shipping) with a market value of $1.13B, the 2172nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.00 on 6 Nov 2026.
Performance Over six months the shares gained 0.3%, against +0.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 25.6% over the last twelve months (peer median +5.4%); the operating margin is 16.5% (peer median 18.1%).
Valuation It trades at 10.2× forward earnings against a peer median of 8.8× (8th most expensive of 17).
Capital Return on invested capital runs 4.0 points below its cost of capital (9.0% WACC).
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $441M | $342M | $423M | $384M | $537M |
| Revenue growth | — | -19% | +10% | -29% | — |
| Gross profit | $109M | $46.0M | $117M | $68.2M | $196M |
| EBITDA | $157M | $86.5M | $152M | $103M | $228M |
| Net income | $40.3M | -$4.37M | $76.4M | -$12.9M | $159M |
| Free cash flow | -$157M | -$60.5M | $70.2M | -$2.23M | $133M |
| Capital expenditure | $229M | $92.4M | $56.7M | $94.0M | $56.0M |
| Total debt | $325M | $195M | $89.2M | $194M | $171M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Genco Shipping & Trading GNK | $1.13B | 0% | +26% | 17% | 10.2× | n/a |
| Star Bulk Carriers SBLK | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% |
| Safe Bulkers SB | $809M | +1% | +11% | 33% | 9.4× | 3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GNK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -4.5% | 7th lowest of 21 |
| 6-month return | +0.3% | +0.4% | 10th lowest of 20 |
| Distance from 52-week high | -8.5% | -16.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +25.6% | +5.4% | 2nd highest of 20 |
| Operating margin | 16.5% | 18.1% | 10th lowest of 20 |
| Forward P/E | 10.2× | 8.8× | 8th most expensive of 17 |
| ROIC minus cost of capital | -4.0 pp | +2.6 pp | lowest of 19 |
| EV / EBITDA | 8.8× | 5.3× | 6th most expensive of 18 |
| Net debt / EBITDA | 1.6× | 1.3× | 7th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |
| NS United Kaiun Kaisha,Ltd 9110.T | Japan | $1.58B | +39% | +11% | 11% | n/a | -5.0% | +10.7% |
| Ningbo Ocean Shipping 601022.SS | China | $1.58B | -7% | +13% | 11% | n/a | n/a | n/a |