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Owner of a fleet of mid-size and smaller containerships chartered to major container liner companies.
Owner of a fleet of mid-size and smaller containerships chartered to major container liner companies.
Collects a fixed daily hire for leasing ships to liner companies, who run the voyages and pay for fuel, so revenue is largely locked in by contract and the key moment is re-chartering a ship when its contract ends. The company dates from 2008 around vessels bought from CMA CGM, still its largest charterer, and has since expanded the fleet.
In one line: A mid-size containership leasing company.
Moat: narrow (scale, switching costs). Fleet of mid-size vessels well-suited to niche trade routes, chartered under long-term contracts.
Headquarters: London, United Kingdom · Founded: 2008 · Employees: 7
Size Global Ship Lease (GSL) is a United States Industrials company (Marine Shipping) with a market value of $1.41B, the 2039th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.03 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against +0.3% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median +5.1%); the operating margin is 48.5% (peer median 13.5%).
Valuation It trades at 4.1× forward earnings against a peer median of 9.6× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -37 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (8.4% WACC).
Short interest Short interest is 1.6% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $780M | $766M | $711M | $675M | $646M |
| Revenue growth | — | +8% | +5% | +5% | — |
| Gross profit | $408M | $411M | $396M | $380M | $376M |
| EBITDA | $508M | $511M | $479M | $454M | $439M |
| Net income | $383M | $416M | $354M | $304M | $293M |
| Free cash flow | $291M | $359M | $188M | $223M | $318M |
| Capital expenditure | $222M | $169M | $242M | $152M | $33.7M |
| Total debt | $672M | $689M | $684M | $812M | $934M |
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 |
|---|---|---|---|---|---|---|
| Global Ship Lease GSL | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% |
| Costamare CMRE | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% |
| Danaos DAC | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% |
| Navios Maritime Partners LP NMM | $2.42B | +14% | +19% | 39% | 3.9× | n/a |
| Euroseas ESEA | $417M | -13% | +3% | 59% | 3.4× | n/a |
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 | GSL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -5.4% | 3rd lowest of 21 |
| 6-month return | -7.7% | +0.3% | 3rd lowest of 20 |
| Distance from 52-week high | -16.2% | -15.1% | 10th lowest of 21 |
| Revenue growth (TTM) | +5.5% | +5.1% | 10th highest of 20 |
| Operating margin | 48.5% | 13.5% | 4th highest of 20 |
| Forward P/E | 4.1× | 9.6× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -15.2% | -3.2% | least demanding of 14 |
| Growth delivered (Del g) | +22.1% | +12.0% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -37.2 pp | -14.0 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +6.0 pp | +0.1 pp | 4th highest of 19 |
| EV / EBITDA | 3.0× | 6.2× | cheapest of 18 |
| Net debt / EBITDA | 0.2× | 1.5× | 6th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| 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% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| 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 |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | 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% |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |
| Sumitomo Warehouse 9303.T | Japan | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% | +0.4% |
| Clarkson CKN.L | United Kingdom | $1.90B | -5% | +15% | 14% | 13.9× | 5.2% | +12.0% |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |