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Genco Shipping & Trading GNK Cargo And Freight — Revenue

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Other financials

Income statement

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Revenue$136.4M+68.5%
Operating income$21.8M+610%
Net income$16.6M+345%
EPS (diluted)$0.37+331%

Balance sheet

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Cash & equivalents$73.6M+108%
Total debt$325.2M+229%
Total equity$888.6M-0.3%
Total assets$1.3B+21.3%

Cash flow

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Operating cash flow$33.2M+516%
CapEx$714.0K-33.5%
Free cash flow$32.5M+652%

Valuation

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Market cap$1.1B+59.0%
Enterprise value$1.36B+78.9%
P/E61×
P/S2.5×+0.5×

Profitability

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Operating margin12.8%+5.8pp
Net margin-2.1%
FCF margin15.9%-4.2pp

Returns & leverage

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Return on equity-0.8%
Debt / equity0.4×+0.3×
Current ratio+1.3×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Genco Shipping & Trading’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091231
Line itemFor the Three Months Ended / June 30, 2026For the Three Months Ended / June 30, 2025For the Six Months Ended / June 30, 2026For the Six Months Ended / June 30, 2025
Revenues:
Voyage revenues$136,414$80,939$250,843$152,208
Total revenues136,41480,939250,843152,208
Operating expenses:
Voyage expenses44,08532,00580,36159,359
Vessel operating expenses26,53523,74753,09648,663
Charter hire expenses3852,0356,4814,320
General and administrative expenses (inclusive of nonvested stock amortization expense of $2,245, $1,780, $4,075 and $3,276 respectively)7,9037,39916,01214,893

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's cargo and freight — revenue?
Genco Shipping & Trading (GNK) reported cargo and freight — revenue of $136.41M in Q2 2026.
How has Genco Shipping & Trading's cargo and freight — revenue changed year-over-year?
Genco Shipping & Trading's cargo and freight — revenue increased by 68.5% year-over-year, from $80.94M to $136.41M.
What is the long-term trend for Genco Shipping & Trading's cargo and freight — revenue?
Over 4 years (2021 to 2025), Genco Shipping & Trading's cargo and freight — revenue has grown at a -11.1% compound annual growth rate (CAGR), from $547.13M to $342.05M.
What does cargo and freight — revenue mean?
This metric represents the total gross revenue generated from the transportation of drybulk commodities, including iron ore, coal, and grain. It encompasses income derived from time charters, spot market voyage charters, and pool agreements within the drybulk shipping segment. This figure serves as a primary indicator of the company's top-line performance and market demand for its vessel fleet capacity.

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