Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026)
Genco Shipping & Trading's (GNK) quarterly Operating Expenses came in at $101.1 million in Q1 2026, up 24.78% year-on-year from $81.0 million in Q1 2025, and up 11.25% on a QoQ basis from $90.9 million in Q4 2025.
Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has 18 years of Operating Expenses data on file, last reported at $101.1 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 24.78% year-over-year to $101.1 million in Q1 2026; TTM through Mar 2026 was $354.7 million, a 10.26% increase from a year earlier, with the FY2025 full-year figure at $334.6 million, changed 0.41% from the prior year.
- Operating Expenses for Q1 2026 stood at $101.1 million, up from $90.9 million in the prior quarter.
- Over the last five years, Operating Expenses for GNK reached as high as $113.7 million in Q3 2023 and fell as low as $75.3 million in Q3 2024.
- Historically, Operating Expenses has averaged $90.1 million across 5 years, with a median of $89.9 million in 2023.
- Across the five-year window, Operating Expenses climbed 25.25% in 2023 and sank 33.78% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $96.2 million in 2022, then rose by 12.76% to $108.5 million in 2023, then slipped by 22.02% to $84.6 million in 2024, then increased by 7.44% to $90.9 million in 2025, then increased by 11.25% to $101.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $101.1 million in Q1 2026, $90.9 million in Q4 2025, and $77.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,964,341.97 Bn | 2,964,341.05 Bn | 57.20 Mn | -403.80 Mn |
| 2 | Danaos | 2,542.12 Bn | 2,541.24 Bn | 203.71 Mn | -15.99 Mn |
| 3 | Sfl | 1,584.69 Bn | 1,584.53 Bn | 66.27 Mn | 129.63 Mn |
| 4 | Capital Clean Energy Carriers | 1,419.00 Bn | 1,418.46 Bn | 95.52 Mn | 3.47 Mn |
| 5 | Globus Maritime | 59.97 Bn | 59.95 Bn | 8,083.00 | -3,255.00 |
| 6 | Kirby | 8.07 Bn | 7.99 Bn | 291.34 Mn | 722.10 Mn |
| 7 | Matson | 6.26 Bn | 6.16 Bn | - | 623.90 Mn |
| 8 | Hafnia | 3.73 Bn | 3.62 Bn | 152.41 Mn | -49.23 Mn |
| 9 | Intercont (Cayman) | 3.56 Bn | 3.56 Bn | - | - |
| 10 | Genco Shipping & Trading | 1.10 Bn | 1.10 Bn | 32.77 Mn | 101.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 101.12 Mn |
| Dec 31, 2025 | 90.89 Mn |
| Sep 30, 2025 | 77.45 Mn |
| Jun 30, 2025 | 85.20 Mn |
| Mar 31, 2025 | 81.04 Mn |
| Dec 31, 2024 | 84.59 Mn |
| Sep 30, 2024 | 75.30 Mn |
| Jun 30, 2024 | 80.73 Mn |
| Mar 31, 2024 | 95.34 Mn |
| Dec 31, 2023 | 108.48 Mn |
| Sep 30, 2023 | 113.71 Mn |
| Jun 30, 2023 | 77.53 Mn |
| Mar 31, 2023 | 89.95 Mn |
| Dec 31, 2022 | 96.20 Mn |
| Sep 30, 2022 | 90.79 Mn |
| Jun 30, 2022 | 88.57 Mn |
| Mar 31, 2022 | 94.13 Mn |
| Dec 31, 2021 | 90.10 Mn |
| Sep 30, 2021 | 89.88 Mn |
| Jun 30, 2021 | 84.76 Mn |