Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026)

Genco Shipping & Trading (GNK) reported Operating Expenses of $101.1 million for Q1 2026, up 24.78% year-over-year from $81.0 million in Q1 2025, and up 11.25% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $101.1 million, up 24.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $354.7 million (up 10.26% YoY), and the FY2025 annual result was $334.6 million, changed 0.41% from the prior year.
  • Operating Expenses climbed to $101.1 million in Q1 2026 per GNK's latest filing, from $90.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $113.7 million in Q3 2023 and troughed at $75.3 million in Q3 2024.
  • A 5-year average of $90.1 million and a median of $89.9 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 25.25% in 2023, then tumbled 33.78% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $96.2 million in 2022, then climbed by 12.76% to $108.5 million in 2023, then fell by 22.02% to $84.6 million in 2024, then advanced by 7.44% to $90.9 million in 2025, then advanced by 11.25% to $101.1 million in 2026.
  • Business Quant data shows GNK's Operating Expenses at $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 C3is 744.65 Bn 744.65 Bn 9.11 Mn 6.31 Mn
2 Kirby 7.86 Bn 7.78 Bn 291.34 Mn 722.10 Mn
3 Matson 5.69 Bn 5.59 Bn - 696.40 Mn
4 Hafnia 3.63 Bn 3.52 Bn 152.41 Mn -24.49 Mn
5 Star Bulk Carriers 3.14 Bn 3.13 Bn 371.22 Mn 223.85 Mn
6 ZIM Integrated Shipping Services 3.12 Bn 1.01 Bn 57.20 Mn -403.80 Mn
7 Costamare 1.93 Bn 1.42 Bn - -42.16 Mn
8 Navios Maritime Partners 1.87 Bn 1.47 Bn 262.01 Mn -23.83 Mn
9 Global Ship Lease 1.37 Bn 1.37 Bn - 8.85 Mn
10 Genco Shipping & Trading 1.08 Bn 1.08 Bn 39.25 Mn 101.12 Mn

Historic Data

Download Data
DateValue
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