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Genco Shipping & Trading GNK Major Bulk — Profit Loss

Other segment segments

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$22.02M+85.1%

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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:ProfitLoss.

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 itemMajor / BulkMinor / BulkTotal
Net voyage revenue (1)55,53436,76192,295
Less:
Vessel operating expenses11,79214,74326,535
Segment profit$43,742$22,018$65,760
Reconciliation to net income:
General and administrative expenses7,903
Technical management expenses1,079
Depreciation and amortization22,367

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's major bulk — profit loss?
Genco Shipping & Trading (GNK) reported major bulk — profit loss of $43.74M in Q2 2026.
How has Genco Shipping & Trading's major bulk — profit loss changed year-over-year?
Genco Shipping & Trading's major bulk — profit loss increased by 288.4% year-over-year, from $11.26M to $43.74M.
What is the long-term trend for Genco Shipping & Trading's major bulk — profit loss?
Over 3 years (2022 to 2025), Genco Shipping & Trading's major bulk — profit loss has grown at a -10.8% compound annual growth rate (CAGR), from $85.39M to $60.51M.
What does major bulk — profit loss mean?
Reflects the net financial performance of the major bulk segment after accounting for all direct and allocated operating expenses. This metric provides a comprehensive view of the segment's contribution to the overall company bottom line and its long-term economic viability.

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