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Genco Shipping & Trading GNK Cargo And Freight — Lease Income

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Other financials

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

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Market cap$1.05B+80.1%
Enterprise value$1.32B+106%
P/S2.7×+1.2×

Profitability

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Operating margin7.9%-6.7pp
Net margin-2.1%
FCF margin10.8%-14.1pp

Returns & leverage

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Return on equity-0.8%
Debt / equity0.4×+0.3×
Current ratio+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept us-gaap:LeaseIncome.

The official record: Genco Shipping & Trading’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genco Shipping & Trading's cargo and freight — lease income?
Genco Shipping & Trading (GNK) reported cargo and freight — lease income of $33.85M in Q1 2026.
How has Genco Shipping & Trading's cargo and freight — lease income changed year-over-year?
Genco Shipping & Trading's cargo and freight — lease income increased by 4.7% year-over-year, from $32.34M to $33.85M.
What is the long-term trend for Genco Shipping & Trading's cargo and freight — lease income?
Over 3 years (2022 to 2025), Genco Shipping & Trading's cargo and freight — lease income has grown at a -14.9% compound annual growth rate (CAGR), from $229.79M to $141.62M.
What does cargo and freight — lease income mean?
This metric captures the revenue specifically attributable to the leasing of drybulk carrier vessels to third-party charterers. It reflects the income generated through contractual time charter arrangements where the company provides vessel capacity for a fixed period. Monitoring this income stream helps assess the stability and predictability of cash flows derived from long-term vessel employment versus spot market volatility.