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Genco Shipping & Trading GNK Major Bulk — Direct Operating Costs

Other segment segments

Minor Bulk
$15.17M+3.5%

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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

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

Returns & leverage

See full
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:DirectOperatingCosts.

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 major bulk — direct operating costs?
Genco Shipping & Trading (GNK) reported major bulk — direct operating costs of $11.4M in Q1 2026.
How has Genco Shipping & Trading's major bulk — direct operating costs changed year-over-year?
Genco Shipping & Trading's major bulk — direct operating costs increased by 11.0% year-over-year, from $10.27M to $11.4M.
What is the long-term trend for Genco Shipping & Trading's major bulk — direct operating costs?
Over 3 years (2022 to 2025), Genco Shipping & Trading's major bulk — direct operating costs has grown at a 2.1% compound annual growth rate (CAGR), from $37.38M to $39.8M.
What does major bulk — direct operating costs mean?
Includes fixed costs required to maintain and operate the fleet, such as crew wages, insurance, repairs, maintenance, and spare parts. Tracking these costs is critical for assessing the operational efficiency and cost-management discipline of the vessel management team.