Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026)
Genco Shipping & Trading (GNK) posted quarterly Gross Margin of 28.64% for Q1 2026, up 411.0% year-over-year from 5.6% in Q1 2025, and down 80.06% quarter-over-quarter from 143.62% in Q4 2025.
Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Gross Margin for 18 consecutive years, with 28.64% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 411.0% year-over-year to 28.64%; the TTM figure through Mar 2026 stood at 61.27% (up 2772.0% YoY), while the FY2025 annual figure was 64.53%, up 3319.0% from the prior year.
- Gross Margin declined to 28.64% in Q1 2026 per GNK's latest filing, from 143.62% in the prior quarter.
- Across five years, Gross Margin topped out at 143.62% in Q4 2025 and bottomed at 24.53% in Q1 2025.
- Historically, Gross Margin has averaged 59.93% across 5 years, with a median of 70.31% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin tumbled 4680 bps — and 2025, when it jumped 11237 bps.
- Genco Shipping & Trading's Gross Margin stood at 83.54% in 2022, then slipped by 7 bps to 78.04% in 2023, then slumped by 60 bps to 31.24% in 2024, then surged by 360 bps to 143.62% in 2025, then tumbled by 80 bps to 28.64% in 2026.
- Business Quant data shows GNK's Gross Margin at 28.64% in Q1 2026, 143.62% 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 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 31.53% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 67.88% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 4.10% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 79.34% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 2,501,247.17% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 91.34% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 92.31% |
| 10 | Genco Shipping & Trading | 1.15 Bn | 1.15 Bn | 92.30 Mn | 67.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.66% |
| Mar 31, 2026 | 28.64% |
| Dec 31, 2025 | 143.62% |
| Sep 30, 2025 | 30.40% |
| Jun 30, 2025 | 26.03% |
| Mar 31, 2025 | 24.53% |
| Dec 31, 2024 | 31.24% |
| Sep 30, 2024 | 37.07% |
| Jun 30, 2024 | 38.43% |
| 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 | 2.47% |
| Sep 30, 2021 | 85.97% |