OceanPal (SVRN) Net Income (2021 - 2024)
OceanPal's (SVRN) quarterly Net Income came in at $18.1 million in Q4 2024, up 1046.16% year-on-year from $1.6 million in Q1 2024, and up 10936.59% quarter-over-quarter from $164000.0 in Q3 2024.
OceanPal (SVRN) Net Income (2021 - 2024) Analysis & Trends
OceanPal has disclosed Net Income across 4 years of filings, most recently posting $18.1 million for Q4 2024.
- Net Income for Q4 2024 came in at $18.1 million, up 1046.16% year-over-year; the trailing twelve-month figure through Dec 2025 was $18.3 million (up 55.12% YoY), and the FY2025 annual result was $32.1 million, up 76.34% from the prior year.
- Net Income came in at $18.1 million for Q4 2024 at OceanPal, up from $164000.0 in the prior quarter.
- In the past five years, Net Income ranged from a high of $18.1 million in Q4 2024 to a low of -$8.1 million in Q2 2024.
- The 4-year median for Net Income is $143000.0 (2021), against an average of $277615.4.
- Across the five-year window, Net Income plunged 1839.86% in 2022 and soared 1046.16% in 2024, its largest moves.
- OceanPal's Net Income stood at $143000.0 in 2021, then slumped by 1839.86% to -$2.5 million in 2022, then grew by 23.11% to -$1.9 million in 2023, then jumped by 1046.16% to $18.1 million in 2024.
- The last three Net Income figures came in at $18.1 million (Q4 2024), $164000.0 (Q3 2024), and -$8.1 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 5.48 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 8.23 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 57.90 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 109.65 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | -50.31 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -86.30 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 120.09 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 319.70 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | 93.83 Mn |
| 10 | OceanPal | 68.93 Mn | 35.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 18.10 Mn |
| Sep 30, 2024 | 164,000.00 |
| Jun 30, 2024 | -8.07 Mn |
| Mar 31, 2024 | 1.58 Mn |
| Dec 31, 2023 | -1.91 Mn |
| Sep 30, 2023 | -2.95 Mn |
| Jun 30, 2023 | -1.45 Mn |
| Mar 31, 2023 | -1.67 Mn |
| Dec 31, 2022 | -2.49 Mn |
| Sep 30, 2022 | 1.10 Mn |
| Jun 30, 2022 | 648,000.00 |
| Mar 31, 2022 | 414,000.00 |
| Dec 31, 2021 | 143,000.00 |