Genco Shipping & Trading (GNK) Gross Margin (2009 - 2026)

Genco Shipping & Trading's (GNK) quarterly Gross Margin came in at 28.64% in Q1 2026, up 411.0% year-on-year from 5.6% in Q1 2025, and down 80.06% on a QoQ basis from 143.62% 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 28.64% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 411.0% year-over-year to 28.64% in Q1 2026; TTM through Mar 2026 was 61.27%, a 2772.0% increase from a year earlier, with the FY2025 full-year figure at 64.53%, up 3319.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 28.64%, down from 143.62% in the prior quarter.
  • Over the last five years, Gross Margin for GNK reached as high as 143.62% in Q4 2025 and fell as low as 24.53% in Q1 2025.
  • Historically, Gross Margin has averaged 59.93% across 5 years, with a median of 70.31% in 2023.
  • Across the five-year window, Gross Margin sank 4680 bps in 2024 and surged 11237 bps in 2025, its largest moves.
  • Year by year, Gross Margin stood at 83.54% in 2022, then declined by 7 bps to 78.04% in 2023, then slumped by 60 bps to 31.24% in 2024, then jumped by 360 bps to 143.62% in 2025, then tumbled by 80 bps to 28.64% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 28.64% in Q1 2026, 143.62% in Q4 2025, and 30.4% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 ZIM Integrated Shipping Services 2,964,341.97 Bn 2,964,341.05 Bn 57.20 Mn 4.10%
2 Danaos 2,542.12 Bn 2,541.24 Bn 203.71 Mn 80.30%
3 Sfl 1,584.69 Bn 1,584.53 Bn 66.27 Mn 49.51%
4 Capital Clean Energy Carriers 1,419.00 Bn 1,418.46 Bn 95.52 Mn 97.46%
5 Globus Maritime 59.97 Bn 59.95 Bn 8,083.00 65.99%
6 Kirby 8.07 Bn 7.99 Bn 291.34 Mn 34.20%
7 Matson 6.26 Bn 6.16 Bn - -
8 Hafnia 3.73 Bn 3.62 Bn 152.41 Mn 67.88%
9 Intercont (Cayman) 3.56 Bn 3.56 Bn - -
10 Genco Shipping & Trading 1.10 Bn 1.10 Bn 32.77 Mn 28.64%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 84.47%