Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026)
Genco Shipping & Trading (GNK) reported Gross Margin of 34.3% for Q1 2026, up 978.0% year-over-year from 3.18% in Q1 2025, and up 262.96% quarter-over-quarter from 21.05% in Q4 2025.
Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has 18 years of Gross Margin data on file, last reported at 34.3% in Q1 2026.
- Gross Margin for Q1 2026 came in at 34.3%, up 978.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.2% (down 2046.0% YoY), and the FY2025 annual result was 35.2%, up 386.0% from the prior year.
- Gross Margin rose to 34.3% in Q1 2026 per GNK's latest filing, from 21.05% in the prior quarter.
- Over five years, Gross Margin peaked at 83.75% in Q3 2022 and troughed at 21.05% in Q4 2025.
- A 5-year average of 51.7% and a median of 69.51% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2026: Gross Margin plunged 6474 bps in 2024, then surged 978 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 83.54% in 2022, then decreased by 7 bps to 78.04% in 2023, then tumbled by 83 bps to 13.3% in 2024, then slumped by 258 bps to 21.05% in 2025, then jumped by 263 bps to 34.3% in 2026.
- Business Quant data shows GNK's Gross Margin at 34.3% in Q1 2026, 21.05% in Q4 2025, and 30.4% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 78.71% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 34.20% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | - |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 67.88% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 123.50% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 4.10% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | - |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 73.39% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Genco Shipping & Trading | 1.08 Bn | 1.08 Bn | 39.25 Mn | 34.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.30% |
| Dec 31, 2025 | -21.05% |
| Sep 30, 2025 | 30.40% |
| Jun 30, 2025 | 31.92% |
| Mar 31, 2025 | 24.53% |
| Dec 31, 2024 | 13.30% |
| Sep 30, 2024 | 37.07% |
| Jun 30, 2024 | 69.51% |
| Mar 31, 2024 | 35.28% |
| 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% |
| Jun 30, 2021 | 79.00% |