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Genco Shipping & Trading

GNK

Genco Shipping & Trading is a New York-based pure-play drybulk ship owning company that provides seaborne transportation of essential global commodities.

Market cap
$1.09B+60.7%
Revenue$385.2M+2.2%
Net income-$10.5M-114%
Free cash flow$41.7M-55.6%
EPS (diluted)-$0.25-114%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$89.9M
EPS estimate$0.59

Financials

Q1 2026

Income statement

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Revenue$114.4M+60.6%
Operating income$13.3M+236%
Net income$9.3M+178%
EPS (diluted)$0.21+175%

Balance sheet

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Cash & equivalents$54.8M+81.1%
Total debt$324.5M+264%
Total equity$885.4M-2.0%
Total assets$1.3B+20.6%

Cash flow

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Operating cash flow$15.7M+441%
CapEx$405.0K-37.9%
Free cash flow$15.3M+579%

Valuation & ratios

Valuation

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Market cap$1.09B+60.7%
Enterprise value$1.36B+79.6%
P/S2.8×+0.9×

Profitability

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Operating margin7.9%-6.7pp
FCF margin10.8%-14.1pp

Returns & leverage

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Debt / equity0.4×+0.3×
Current ratio+1.2×

Segments

By product

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Cargo And Freight$114.4M+60.6%

Competitors

Profile

Genco Shipping & Trading is a New York-based pure-play drybulk ship owning company that provides seaborne transportation of essential global commodities. The company operates a high-quality fleet of vessels that transport major bulks like iron ore and coal, as well as minor bulks including grain, steel, and fertilizers. Its value proposition centers on an active commercial strategy that balances spot market exposure with index-linked and fixed-rate time charters to maximize cash flow across market cycles.

Competitive position

Genco is a leading pure-play drybulk owner with a significant global presence and a modernized fleet focused on high-specification vessels.

GeographiesGlobal, United States, Denmark, Singapore
Customer segmentsCommodity Producers, Trading Houses, Industrial Manufacturers
Business modelAsset-heavy, Time Charter, Spot Market Voyage Charter
SuppliersShipyards and shipbuilders, Marine fuel (bunker) suppliers, Staffing and crewing agencies, Classification societies, Marine insurance providers
CustomersMining companies, Steel producers, Agricultural exporters, Energy companies, Global commodity traders
Listed2005
Employees1.1K
CEOJohn C. Wobensmith
FilingsSEC EDGAR

Questions, answered.

What is Genco Shipping & Trading's market cap?
Genco Shipping & Trading (GNK) has a market capitalization of $1.1B and trades on NYSE.
What is Genco Shipping & Trading's revenue and profitability?
Genco Shipping & Trading generated $385.2M in trailing twelve-month revenue with a net loss of $10.5M, representing a net margin of -2.1%, with free cash flow of $41.7M. These figures are based on the Q1 2026 filing.
Who are Genco Shipping & Trading's competitors?
Genco Shipping & Trading's key competitors include Star Bulk Carriers Corp., Pangaea Logistics Solutions Ltd., Orion Group Holdings, Inc, and others. These companies compete in similar markets and product categories.
Who does Genco Shipping & Trading partner with?
Genco Shipping & Trading's notable partners include ST Shipping & Transport Pte. Ltd., Rio Tinto, Oldendorff Carriers, and others.
What subsidiaries does Genco Shipping & Trading have?
Genco Shipping & Trading's subsidiaries include GS Shipmanagement Pte. Ltd.
Where is Genco Shipping & Trading headquartered?
Genco Shipping & Trading is headquartered in United States of America and employs approximately 1,105 people. It has been publicly traded since 2005.