Genco Shipping & Trading
Transports bulk commodities through owned vessels and active chartering.
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Profile
Owns drybulk vessels carrying iron ore, coal, grain, bauxite, steel products, and other cargoes worldwide. Revenue comes from Major Bulk and Minor Bulk vessels chartered to trading houses, commodity producers, and government-owned entities.
Owns and operates drybulk vessels that move iron ore, coal, grain, bauxite, steel products, and other cargoes on worldwide routes. Major Bulk covers larger vessels tied mainly to iron ore and coal, while Minor Bulk covers mid-sized vessels carrying a wider mix of industrial and agricultural cargoes.
Runs an active owner-operator model: choosing charter mix, negotiating time and spot-market charters, monitoring vessel performance, and buying or selling ships as the fleet changes. Technical management is handled through GS Shipmanagement.
Revenue depends on drybulk freight-rate cycles, cargo trading patterns, vessel supply, charterer concentration, and capital allocation in a vessel-heavy asset base.
Company facts
Categories
Key statistics
Year to date +40.4% · Average volume (30d) 475.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 8, 2026 | Deutsche Bank | Target | $22 | $29 | ||
| Feb 19, 2026 | Alliance Global Partners | Downgrade | Buy | Neutral | ||
| Sep 26, 2025 | SEB Enskilda | Target | $23 | |||
| Oct 23, 2024 | Stifel | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.60 | $0.65 | +7.6% | $90.6M | $92.3M | +1.9% | −1.72% |
| May 6, 2026Q1 FY26 | $0.03 | $0.26 | +660.7% | $65.7M | $72.0M | +9.5% | −1.02% |
| Feb 17, 2026Q4 FY25 | $0.35 | $0.39 | +11.4% | $75.5M | $77.2M | +2.2% | +3.73% |
| Nov 5, 2025Q3 FY25 | −$0.01 | −$0.01 | 0.0% | $78.5M | $79.9M | +1.8% | +1.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $71.3M | $80.9M | $79.9M | $109.9M | $114.4M | $136.4M | |
| Gross profit | −$951.0K | $5.0M | $30.6M | $30.6M | $24.5M | $65.4M | |
| Operating income | −$9.8M | −$4.3M | $2.5M | $21.0M | $15.6M | $21.8M | |
| Net income | −$11.9M | −$6.8M | −$1.1M | $15.4M | $9.3M | $16.6M | |
| Diluted EPS | −$0.28 | −$0.16 | −$0.02 | $0.35 | $0.21 | $0.37 | |
| Gross margin | -1.3% | 6.2% | 38.3% | 27.9% | 21.4% | 47.9% | |
| Operating margin | -13.7% | -5.3% | 3.1% | 19.1% | 13.6% | 15.9% |
Fiscal years (4-quarter sums)FY21 $547.1M · FY22 $536.9M · FY23 $383.8M · FY24 $423.0M · FY25 $342.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $73.6M · Total debt $325.2M · Total assets $1.26B · Shareholders' equity $888.6M
Dividends
Last raised to $0.80 from $0.35 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 24 | $0.80 | raised from $0.35 |
| May 18, 2026 | May 18 | May 26 | $0.35 | cut from $0.50 |
| Mar 11, 2026 | Mar 11 | Mar 18 | $0.50 | raised from $0.15 |
| Nov 17, 2025 | Nov 17 | Nov 24 | $0.15 | |
| Aug 18, 2025 | Aug 18 | Aug 25 | $0.15 | |
| May 22, 2025 | May 22 | May 30 | $0.15 | cut from $0.30 |
| Mar 11, 2025 | Mar 11 | Mar 18 | $0.30 | cut from $0.40 |
| Nov 18, 2024 | Nov 18 | Nov 25 | $0.40 | raised from $0.34 |
Ownership
Shares outstanding 43.58M · Float 36.27M · 83.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.58M | 10.50% | 13F | Aug 7, 2026 |
| Diana Shipping Inc. · 10 percent owner | 4.42M | 10.13% | Form 4 | Aug 27, 2026 |
| Kibo Investments Pte. Ltd. | 4.16M | 9.70% | 13G | Jul 7, 2025 |
| Dimensional Fund Advisors LP | 2.52M | 5.78% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 1.78M | 4.09% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Diana Shipping Inc. | 10 percent owner | −648,256 | $26.55 |
| Aug 24, 2026 | Diana Shipping Inc. | 10 percent owner | −750,000 | $26.76 |
| Aug 21, 2026 | Diana Shipping Inc. | 10 percent owner | −450,000 | $26.65 |
| May 18, 2026 | Diana Shipping Inc. | 10 percent owner | −40,000 | $24.47 |
| May 15, 2026 | Diana Shipping Inc. | 10 percent owner | −50,000 | $24.59 |
Peers
- Star Bulk Carriers
Broad drybulk rival across major and minor vessel classes
- CMB.TECH (ADR)
Large diversified owner with inherited Golden Ocean drybulk scale
- Diana Shipping
Similar drybulk fleet and live public control-context peer
- Safe Bulkers
Deep-sea drybulk owner focused on Panamax-to-Capesize tonnage
- Seanergy Maritime
Pure-play Capesize rival on major-bulk commodity routes
- Pangaea Logistics Solutions
Cargo-focused drybulk logistics rival in minor and niche bulk
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Genco Shipping & Trading | $25.88 | −0.02% | $1.13B | 28.6 | 12.2 | 2.6 | +14.0% |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Seanergy Maritime | $18.01 | +1.30% | $375.6M | 6.2 | 6.4 | 1.9 | +48.6% |
| Pangaea Logistics Solutions | $8.06 | −0.06% | $527.2M | 10.7 | 9.4 | 0.7 | +19.4% |
| Median | 8.5 | 8.7 | 2.1 | +26.2% |