Genco Shipping & Trading (GNK) Operating Expenses (2009 - 2026)
Genco Shipping & Trading (GNK) posted quarterly 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 reported Operating Expenses for 18 consecutive years, with $101.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 24.78% year-over-year to $101.1 million; the TTM figure through Mar 2026 stood at $354.7 million (up 10.26% YoY), while the FY2025 annual figure was $334.6 million, changed 0.41% from the prior year.
- Operating Expenses grew to $101.1 million in Q1 2026 per GNK's latest filing, from $90.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $113.7 million in Q3 2023 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Operating Expenses increased 25.25% — and 2024, when it tumbled 33.78%.
- Genco Shipping & Trading's Operating Expenses stood at $96.2 million in 2022, then grew by 12.76% to $108.5 million in 2023, then retreated by 22.02% to $84.6 million in 2024, then climbed by 7.44% to $90.9 million in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Genco Shipping & Trading | 1.15 Bn | 1.15 Bn | 92.30 Mn | 114.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 114.66 Mn |
| 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 |