Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026)
Genco Shipping & Trading's (GNK) quarterly Gross Margin came in at 67.66% in Q2 2026, up 971.0% year-over-year from 6.32% in Q2 2025, and up 7.5% quarter-over-quarter from 62.94% in Q1 2026.
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Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Gross Margin for 18 consecutive years, with 67.66% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 971.0% year-over-year to 67.66% in Q2 2026; TTM through Jun 2026 was 67.28%, a 328.0% increase from a year earlier, with the FY2025 full-year figure at 64.53%, down 334.0% from the prior year.
- Gross Margin was 67.66% for Q2 2026 at Genco Shipping & Trading, up from 62.94% in the prior quarter.
- Over five years, Gross Margin peaked at 83.75% in Q3 2022 and troughed at 57.95% in Q2 2025.
- A 5-year average of 71.19% and a median of 70.24% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1344 bps in 2023 and surged 971 bps in 2026, its largest moves.
- Over 5 years, Gross Margin stood at 83.54% in 2022, then retreated by 7 bps to 78.04% in 2023, then decreased by 15 bps to 66.62% in 2024, then grew by 5 bps to 70.2% in 2025, then dropped by 4 bps to 67.66% in 2026.
- The last three Gross Margin figures came in at 67.66% (Q2 2026), 62.94% (Q1 2026), and 70.2% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 84.14% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 14.32% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 83.88% |
| 10 | Genco Shipping & Trading | 1.17 Bn | 1.17 Bn | 92.30 Mn | 67.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.66% |
| Mar 31, 2026 | 62.94% |
| Dec 31, 2025 | 70.20% |
| Sep 30, 2025 | 68.82% |
| Jun 30, 2025 | 57.95% |
| Mar 31, 2025 | 58.42% |
| Dec 31, 2024 | 66.62% |
| Sep 30, 2024 | 70.29% |
| Jun 30, 2024 | 69.51% |
| Mar 31, 2024 | 65.35% |
| Dec 31, 2023 | 78.04% |
| Sep 30, 2023 | 70.31% |
| Jun 30, 2023 | 75.06% |
| Mar 31, 2023 | 74.16% |
| Dec 31, 2022 | 83.54% |
| Sep 30, 2022 | 83.75% |
| Jun 30, 2022 | 78.61% |
| Mar 31, 2022 | 80.17% |
| Dec 31, 2021 | 87.74% |
| Sep 30, 2021 | 85.97% |