Genco Shipping & Trading (GNK) Interest Expenses (2009 - 2026)
Genco Shipping & Trading (GNK) reported Interest Expenses of $4.5 million for Q1 2026, up 76.46% year-over-year from $2.5 million in Q1 2025, and up 12.39% quarter-over-quarter from $4.0 million in Q4 2025.
Genco Shipping & Trading (GNK) Interest Expenses (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has 18 years of Interest Expenses data on file, last reported at $4.5 million in Q1 2026.
- Interest Expenses for Q1 2026 came in at $4.5 million, up 76.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.2 million (up 20.35% YoY), and the FY2025 annual result was $12.3 million, down 7.8% from the prior year.
- Interest Expenses grew to $4.5 million in Q1 2026 per GNK's latest filing, from $4.0 million in the prior quarter.
- Over five years, Interest Expenses peaked at $4.5 million in Q1 2026 and troughed at $2.0 million in Q3 2023.
- A 5-year average of $2.8 million and a median of $2.6 million in 2025 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2022 and 2024: Interest Expenses sank 50.63% in 2022, then surged 99.11% in 2024.
- A 5-year view of Interest Expenses shows it stood at $2.2 million in 2022, then gained by 20.77% to $2.6 million in 2023, then climbed by 8.12% to $2.8 million in 2024, then soared by 41.16% to $4.0 million in 2025, then increased by 12.39% to $4.5 million in 2026.
- Business Quant data shows GNK's Interest Expenses at $4.5 million in Q1 2026, $4.0 million in Q4 2025, and $3.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | -1,852.00 |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 11.22 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 1.60 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -12.94 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 127.05 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -112.20 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -18.95 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -30.60 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Genco Shipping & Trading | 1.08 Bn | 1.08 Bn | 39.25 Mn | 4.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.50 Mn |
| Mar 31, 2026 | 4.50 Mn |
| Dec 31, 2025 | 4.00 Mn |
| Dec 31, 2025 | 4.00 Mn |
| Sep 30, 2025 | 3.15 Mn |
| Sep 30, 2025 | 3.15 Mn |
| Jun 30, 2025 | 2.56 Mn |
| Jun 30, 2025 | 2.56 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Dec 31, 2024 | 2.84 Mn |
| Dec 31, 2024 | 2.84 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Jun 30, 2024 | 3.45 Mn |
| Jun 30, 2024 | 3.45 Mn |
| Mar 31, 2024 | 4.04 Mn |
| Mar 31, 2024 | 4.04 Mn |
| Dec 31, 2023 | 2.62 Mn |
| Dec 31, 2023 | 2.62 Mn |