SFL
Turns owned ships and offshore rigs into medium- and long-term charter cash flows.
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Profile
Owns and partly owns container vessels, tankers, car carriers, dry bulk ships, and offshore drilling rigs, mostly earning through time charters and drilling contracts. Operations run across international waters, with economics tied to charter renewals, large customers, asset sales, and financing availability.
Owns and partly owns a diversified fleet spanning container vessels, tankers, car carriers, dry bulk ships, and offshore drilling rigs. Revenue mainly comes from time charters and drilling contracts, with the fleet leased to shipping, energy, auto, and commodity counterparties.
International-water routes make geographic reporting less meaningful than asset class and charter exposure. The company reports a single segment, uses a small internal team, and relies on independent managers for technical vessel and rig operations.
The model depends on medium- and long-term charter coverage, the ability to replace expiring charters, vessel sales, and access to asset-backed financing. Customer concentration and the unresolved Hercules rig redelivery dispute are structural facts around the business.
Company facts
Categories
Key statistics
Year to date +56.7% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | BTIG | Reiterate | Buy | $16 | $14 | |
| Nov 21, 2024 | Fearnleys | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 26, 2026Q2 FY26 | $0.14 | $0.23 | +64.3% | $179.7M | $200.8M | +11.8% | −1.55% |
| May 12, 2026Q1 FY26 | $0.07 | $0.08 | +14.4% | $170.8M | $174.5M | +2.2% | −2.97% |
| Feb 11, 2026Q4 FY25 | $0.02 | −$0.14 | −696.8% | $167.6M | $175.5M | +4.7% | +2.60% |
| Nov 12, 2025Q3 FY25 | $0.00 | $0.07 | — | $172.5M | $175.2M | +1.6% | −1.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $185.3M | $188.5M | $175.2M | $170.7M | $174.5M | $200.8M | |
| Gross profit | $48.6M | $41.6M | $49.4M | $99.7M | $52.4M | $72.2M | |
| Operating income | $44.8M | $45.5M | $48.7M | $31.8M | $44.9M | $65.2M | |
| Net income | −$31.9M | $1.5M | $8.6M | −$4.7M | $26.1M | $33.8M | |
| Diluted EPS | −$0.24 | $0.01 | $0.07 | −$0.04 | $0.20 | $0.25 | |
| Gross margin | 26.2% | 22.0% | 28.2% | 58.4% | 30.1% | 35.9% | |
| Operating margin | 24.2% | 24.1% | 27.8% | 18.6% | 25.7% | 32.5% |
Fiscal years (4-quarter sums)FY21 $513.4M · FY22 $710.7M · FY23 $746.4M · FY24 $891.6M · FY25 $719.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $118.1M · Total debt $2.38B · Total assets $3.52B · Shareholders' equity $1.04B
Dividends
Last raised to $0.22 from $0.20 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 27, 2026 | May 27 | Jun 22 | $0.22 | raised from $0.20 |
| Mar 12, 2026 | Mar 12 | Mar 30 | $0.20 | |
| Dec 12, 2025 | Dec 12 | Dec 29 | $0.20 | |
| Sep 12, 2025 | Sep 12 | Sep 29 | $0.20 | cut from $0.27 |
| Jun 12, 2025 | Jun 12 | Jun 27 | $0.27 | |
| Mar 12, 2025 | Mar 12 | Mar 28 | $0.27 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.27 | |
| Sep 11, 2024 | Sep 11 | Sep 27 | $0.27 |
Ownership
Shares outstanding 132.98M · Float 107.05M · 80.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 9.01M | 6.78% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 7.20M | 5.42% | 13F | Aug 7, 2026 |
| American Century Companies Inc | 3.56M | 2.68% | 13F | Aug 12, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 3.56M | 2.68% | 13F | Aug 14, 2026 |
| Qube Research & Technologies Ltd | 2.63M | 1.98% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Danaos
Large containership charter owner with dry-bulk expansion
- Costamare
Containership charter owner with lease-financing exposure
- Global Ship Lease
Containership lessor focused on fixed-rate liner charters
- Navios Maritime Partners
Diversified shipowner spanning containers, tankers, and dry bulk
- Capital Clean Energy Carriers
Gas-carrier platform retaining long-term container-charter exposure
- KNOT Offshore Partners
Shuttle-tanker owner with offshore long-term charter exposure
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SFL | $12.37 | +0.04% | $1.64B | 25.8 | 20.6 | 2.3 | +6.5% |
| Danaos | $150.10 | −0.30% | $2.74B | 5.1 | 5.5 | 2.6 | +4.7% |
| Costamare | $15.41 | −0.06% | $1.86B | 5.9 | 6.2 | 2.2 | −12.3% |
| Global Ship Lease | $44.86 | +0.74% | $1.60B | 4.3 | 4.7 | 2.1 | +3.6% |
| Navios Maritime Partners | $87.16 | −0.09% | $2.48B | 5.7 | 4.7 | 1.7 | +25.2% |
| Capital Clean Energy Carriers | $22.73 | −0.31% | $1.37B | 26.0 | 9.3 | 6.7 | +0.7% |
| KNOT Offshore Partners | $10.90 | +0.37% | $366.9M | 20.7 | 24.1 | 1.0 | +9.5% |
| Median | 5.8 | 5.8 | 2.1 | +4.1% |