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| Date | Value |
|---|---|
| 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% |