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Genco Shipping & Trading GNK Minor Bulk — Gross Profit

Other segment segments

Major Bulk
$55.53M+164%

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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:GrossProfit.

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
Voyage expenses26,26917,81644,085
Charter hire expenses385385
Other income(47)(304)(351)
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:

Item 1. Financial Statements (unaudited)

FAQ

What is Genco Shipping & Trading's minor bulk — gross profit?
Genco Shipping & Trading (GNK) reported minor bulk — gross profit of $36.76M in Q2 2026.
How has Genco Shipping & Trading's minor bulk — gross profit changed year-over-year?
Genco Shipping & Trading's minor bulk — gross profit increased by 42.3% year-over-year, from $25.83M to $36.76M.
What is the long-term trend for Genco Shipping & Trading's minor bulk — gross profit?
Over 3 years (2022 to 2025), Genco Shipping & Trading's minor bulk — gross profit has grown at a -20.0% compound annual growth rate (CAGR), from $234.78M to $120.41M.
What does minor bulk — gross profit mean?
Measures the profitability of the minor bulk shipping segment after deducting direct voyage and operating costs from total segment revenue. It serves as a primary indicator of the segment's ability to generate value from its core ocean transportation activities.

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