Genco Shipping & Trading (GNK)


Market Price (9/29/2026): $25.9 | Market Cap: $1.1 BilSector: Industrials | Industry: Marine Transportation

Genco Shipping & Trading (GNK)


Market Price (9/29/2026): $25.9
Market Cap: $1.1 Bil
Sector: Industrials
Industry: Marine Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Future of Freight. Themes include Shipping Decarbonization, Alternative Marine Fuels, Show more.

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%

Key risks
GNK key risks include [1] declining freight rates and vessel oversupply impacting financial performance, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
3 Low stock price volatility
Vol 12M is 36%
4 Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Future of Freight. Themes include Shipping Decarbonization, Alternative Marine Fuels, Show more.
5 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%
6 Key risks
GNK key risks include [1] declining freight rates and vessel oversupply impacting financial performance, Show more.

GNK in ETFs

Weight = GNK's share of each fund

ITOT0.00%
IWM0.03%
AVUV0.14%
IYT0.12%
FNDA0.05%
VTWO0.03%
DFAS0.03%
SCHA0.02%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/1/2026

Genco Shipping & Trading (GNK) stock has gained about 10% since 5/31/2026 because of the following key factors:

1. Genco Shipping & Trading (GNK) reported robust financial results for its fiscal Q2 2026 (ended June 30, 2026), significantly beating analyst expectations. The company posted an adjusted earnings per share of $0.65, surpassing the consensus estimate of $0.60. Additionally, revenue surged by 68.5% year-over-year, reaching $136.41 million against an estimated $90.59 million.

2. The company announced a substantial increase in its quarterly dividend, reflecting strong cash flow generation and commitment to shareholder returns. Genco declared a dividend of $0.80 per share for fiscal Q2 2026, representing a 433% increase compared to the same quarter in the prior year. The company also projected a dividend exceeding $1.00 per share for fiscal Q3 2026.

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Updated on 9/1/2026

Genco Shipping & Trading (GNK) stock has gained about 10% since 5/31/2026 because of the following key factors:

1. Genco Shipping & Trading (GNK) reported robust financial results for its fiscal Q2 2026 (ended June 30, 2026), significantly beating analyst expectations. The company posted an adjusted earnings per share of $0.65, surpassing the consensus estimate of $0.60. Additionally, revenue surged by 68.5% year-over-year, reaching $136.41 million against an estimated $90.59 million.

2. The company announced a substantial increase in its quarterly dividend, reflecting strong cash flow generation and commitment to shareholder returns. Genco declared a dividend of $0.80 per share for fiscal Q2 2026, representing a 433% increase compared to the same quarter in the prior year. The company also projected a dividend exceeding $1.00 per share for fiscal Q3 2026.

3. A significant recovery in dry bulk shipping rates, as measured by the Baltic Dry Index (BDI), provided a favorable macroeconomic backdrop for GNK. After dipping to a 2026 low of 2,818 points in early June 2026, the BDI rebounded sharply, rising to 3,331 points by September 2, 2026, marking a 77% increase year-to-date and reaching its highest level in two years. The index further climbed to 3,432 points by September 22, 2026.

4. Insider selling activity, particularly by Diana Shipping Inc., exceeded the USD 5 million threshold during the period. Diana Shipping Inc., previously a 10% beneficial owner, conducted sales of GNK common shares totaling approximately $7.3 million in early September 2026, across various transactions with average prices ranging from $26.02 to $26.73. These sales were part of a larger pattern of insider selling by Diana Shipping Inc., which collectively amounted to over $56.8 million in the 90 days leading up to September 2026.

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Stock Movement Drivers

Fundamental Drivers

The 11.1% change in GNK stock from 5/31/2026 to 9/28/2026 was primarily driven by a 108.9% change in the company's Net Income Margin (%).
(LTM values as of)53120269282026Change
Stock Price ($)23.3325.9311.1%
Change Contribution By: 
Total Revenues ($ Mil)38544114.4%
Net Income Margin (%)4.4%9.1%108.9%
P/E Multiple60.528.2-53.3%
Shares Outstanding (Mil)4444-0.4%
Cumulative Contribution11.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/28/2026
ReturnCorrelation
GNK11.1% 
Market (SPY)1.5%12.6%
Sector (XLI)-2.3%-4.0%

Fundamental Drivers

The 15.4% change in GNK stock from 2/28/2026 to 9/28/2026 was primarily driven by a 28.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820269282026Change
Stock Price ($)22.4725.9315.4%
Change Contribution By: 
Total Revenues ($ Mil)34244128.8%
P/S Multiple2.92.6-9.7%
Shares Outstanding (Mil)4444-0.8%
Cumulative Contribution15.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/28/2026
ReturnCorrelation
GNK15.4% 
Market (SPY)12.2%27.1%
Sector (XLI)-4.2%18.6%

Fundamental Drivers

The 66.2% change in GNK stock from 8/31/2025 to 9/28/2026 was primarily driven by a 108.2% change in the company's Net Income Margin (%).
(LTM values as of)83120259282026Change
Stock Price ($)15.6025.9366.2%
Change Contribution By: 
Total Revenues ($ Mil)35144125.6%
Net Income Margin (%)4.4%9.1%108.2%
P/E Multiple43.928.2-35.7%
Shares Outstanding (Mil)4344-1.2%
Cumulative Contribution66.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/28/2026
ReturnCorrelation
GNK66.2% 
Market (SPY)20.0%30.0%
Sector (XLI)12.5%21.5%

Fundamental Drivers

The 134.1% change in GNK stock from 8/31/2023 to 9/28/2026 was primarily driven by a 398.4% change in the company's P/E Multiple.
(LTM values as of)83120239282026Change
Stock Price ($)11.0825.93134.1%
Change Contribution By: 
Total Revenues ($ Mil)448441-1.6%
Net Income Margin (%)18.7%9.1%-51.0%
P/E Multiple5.728.2398.4%
Shares Outstanding (Mil)4344-2.5%
Cumulative Contribution134.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/28/2026
ReturnCorrelation
GNK134.1% 
Market (SPY)76.5%36.7%
Sector (XLI)62.8%33.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GNK Return122%11%14%-9%39%52%443%
Peers Return190%-19%43%-5%42%74%686%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
GNK Win Rate67%50%58%58%50%78% 
Peers Win Rate67%58%58%67%58%67% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
GNK Max Drawdown-34%-54%-35%-38%-22%-17% 
Peers Max Drawdown-36%-51%-20%-43%-21%-15% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)

How Low Can It Go

EventGNKS&P 500
2025 US Tariff Shock
  % Loss-20.6%-18.8%
  % Gain to Breakeven25.9%23.1%
  Time to Breakeven35 days79 days
2024 Yen Carry Trade Unwind
  % Loss-16.4%-7.8%
  % Gain to Breakeven19.6%8.5%
  Time to Breakeven410 days18 days
2023 SVB Regional Banking Crisis
  % Loss-30.2%-6.7%
  % Gain to Breakeven43.2%7.1%
  Time to Breakeven238 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-19.1%-24.5%
  % Gain to Breakeven23.6%32.4%
  Time to Breakeven45 days427 days
2020 COVID-19 Crash
  % Loss-42.0%-33.7%
  % Gain to Breakeven72.3%50.9%
  Time to Breakeven149 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-49.3%-19.2%
  % Gain to Breakeven97.2%23.8%
  Time to Breakeven853 days105 days

Compare to SB

In The Past

Genco Shipping & Trading's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGNKS&P 500
2025 US Tariff Shock
  % Loss-20.6%-18.8%
  % Gain to Breakeven25.9%23.1%
  Time to Breakeven35 days79 days
2023 SVB Regional Banking Crisis
  % Loss-30.2%-6.7%
  % Gain to Breakeven43.2%7.1%
  Time to Breakeven238 days31 days
2020 COVID-19 Crash
  % Loss-42.0%-33.7%
  % Gain to Breakeven72.3%50.9%
  Time to Breakeven149 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-49.3%-19.2%
  % Gain to Breakeven97.2%23.8%
  Time to Breakeven853 days105 days
2013 Taper Tantrum
  % Loss-23.5%-0.2%
  % Gain to Breakeven30.6%0.2%
  Time to Breakeven8 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-31.5%-17.9%
  % Gain to Breakeven46.0%21.8%
  Time to Breakeven22 days123 days

Compare to SB

In The Past

Genco Shipping & Trading's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Genco Shipping & Trading (GNK)

Genco Shipping & Trading (GNK) is a New York-based company specializing in the global ocean transportation of dry bulk cargoes. The company operates by owning and managing a substantial fleet of dry bulk carrier vessels, which are chartered out to clients. Essentially, GNK provides critical shipping services, acting as a maritime logistics provider for the movement of large quantities of raw materials and finished goods across the world's oceans.

GNK's vessels are specifically designed to transport a diverse range of essential dry bulk commodities, including iron ore, coal, grains, and steel products. These materials are fundamental to various global industries, from construction and energy to agriculture. The company's primary customers include major commodities trading houses, large-scale industrial producers, and government-owned entities worldwide, all of whom rely on GNK for efficient and dependable dry bulk shipping solutions.

As of December 31, 2021, Genco Shipping & Trading managed a fleet of 44 dry bulk carriers, strategically composed of 17 Capesize, 15 Ultramax, and 12 Supramax vessels. This fleet has an aggregate capacity of approximately 4,636,000 deadweight tons. This diversified fleet composition allows GNK to cater to a broad spectrum of shipping demands and cargo sizes within the international dry bulk market.

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Here are 1-3 brief analogies to describe Genco Shipping & Trading (GNK):

  • Maersk for dry bulk commodities.
  • The ocean equivalent of a railroad company like Union Pacific.

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  • Ocean Transportation of Dry Bulk Cargoes: The company provides global shipping services for various dry bulk commodities like iron ore, coal, grains, and steel products by chartering out its fleet of dry bulk carrier vessels.

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Genco Shipping & Trading (GNK) sells primarily to other companies and entities. Based on the provided description, its major customers fall into the following categories:
  • Trading houses, including commodities traders
  • Producers
  • Government-owned entities

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John C. Wobensmith, Chief Executive Officer and President

Mr. Wobensmith has served as Genco's Chief Executive Officer since March 2017 and President since December 2014. He also took on the role of Chairman in August 2025. Prior to his appointment as President, he was Genco's Chief Financial Officer and Principal Accounting Officer from April 2005. He previously served as President, Chief Financial Officer, Principal Accounting Officer, Secretary, and Treasurer of Baltic Trading until its merger with Genco in 2015. Mr. Wobensmith has over 25 years of experience in the shipping industry. Before becoming Genco's CFO, he was a Senior Vice President with American Marine Advisors, Inc., an investment bank focused on the shipping industry, where he was involved in mergers and acquisitions, equity fund management, and debt and equity placement. From 1993 to 2000, he worked in the international maritime lending group of The First National Bank of Maryland, serving as a Vice President from 1998. He also served as a director of Ultrapetrol (Bahamas) Limited, a marine transportation company, from 2016 to 2017.

Peter Allen, Chief Financial Officer

Mr. Allen has served as Genco's Chief Financial Officer since June 16, 2023, and has been with the Company since August 2008. He previously held the position of Senior Vice President, Strategy & Finance since October 2018. Mr. Allen has 15 years of experience in the shipping industry, focusing on capital allocation, mergers and acquisitions, financial and drybulk market analysis, debt and equity capital markets transactions, and SEC reporting.

Robert Hughes, Chief Operations Officer

Captain Hughes was appointed Chief Operations Officer effective January 22, 2019. He brings over 20 years of operations and leadership experience in the drybulk and broader shipping industry. Most recently, he served as Americas Operations and Global Technical Manager at Cargill Ocean Transportation since November 2013. Prior to Cargill, he was Deputy Commercial Operations Manager for OSG Ship Management and held senior positions at Stolt-Nielsen and the U.S. Merchant Marines. Since 1997, Captain Hughes has also held various active and reservist U.S. naval positions, currently serving as a Commanding Officer at Military Sealift Command in the U.S. Navy Reserve.

Joseph Adamo, Chief Accounting Officer

Mr. Adamo has served as Genco's Chief Accounting Officer since December 19, 2014, and has been employed with Genco since June 2005. His initial role was Controller until April 2010, when he was promoted to Treasurer and Controller. Mr. Adamo is responsible for overseeing Genco's accounting department. Before joining Genco, he worked as a turnaround consultant, providing restructuring advisory services to distressed companies, and also served as Chief Financial Officer for two private companies. He began his career in public accounting at Price Waterhouse (now PwC).

Jesper Christensen, Chief Commercial Officer

Mr. Christensen has served as Genco's Chief Commercial Officer since April 2023. He previously served as the Company's Vice President, Head of Chartering since June 2021, and prior to that, as Vice President and Commercial Director, Minor Bulk Fleet, responsible for global chartering activities, since March 2017. Mr. Christensen has over 16 years of experience in the shipping industry, with a focus on commercial management in the dry cargo sector.

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Genco Shipping & Trading (GNK) faces several key risks inherent to the dry bulk shipping industry and its global operations. These risks can significantly impact its financial performance and operational stability.

  1. Market Volatility and Fluctuating Freight Rates: The dry bulk shipping industry is highly cyclical and subject to significant fluctuations in freight rates. These rates are influenced by global supply and demand dynamics for dry bulk commodities, geopolitical tensions, and economic downturns. Rapid changes in these rates directly impact GNK's revenue and profitability, making long-term strategic planning challenging.

  2. Geopolitical Headwinds and Global Trade Disruptions: Genco's operations are susceptible to global trade disruptions and geopolitical risks. Events such as trade disputes (e.g., between the U.S. and China), regional conflicts (e.g., in the Red Sea), and changes in trade policies can adversely affect dry bulk trade volumes, disrupt shipping routes, increase operational costs (including fuel), and ultimately reduce profitability.

  3. Environmental Regulations and Compliance Costs: The dry bulk shipping industry is subject to increasingly stringent environmental regulations aimed at reducing air pollution and greenhouse gas emissions. Compliance with international standards, such as those imposed by the International Maritime Organization (IMO), requires significant investment in cleaner technologies, more fuel-efficient vessels, and potentially the use of more expensive low-sulfur fuels. These compliance costs and necessary operational adjustments can place a substantial financial burden on Genco Shipping & Trading.

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Addressable Market Sizes for Genco Shipping & Trading (GNK)

Genco Shipping & Trading Limited (GNK) operates in the global dry bulk shipping market, transporting various dry bulk cargoes. The addressable markets for their main services and products are identified as follows:

Global Dry Bulk Shipping Market

  • The global dry bulk shipping market size was estimated at USD 168.5 billion in 2025 and is projected to grow to USD 249.8 billion in 2035, at a compound annual growth rate (CAGR) of 4.1%.
  • Another estimate for the global dry bulk shipping market size was USD 144.86 billion in 2025, with projections to reach USD 352.80 billion by 2034, exhibiting a CAGR of 8.7%.
  • Additionally, the global Dry Bulk Shipping Service market size was recorded at $278.437 billion in 2021 and is projected to reach $435.607 billion by 2033, expanding at a CAGR of 3.8%.

Main Products/Cargoes Market Sizes (Global)

  • Iron Ore:
    • The global iron ore market was valued at USD 297.82 billion in 2024 and is expected to reach USD 392.11 billion in 2032, growing at a CAGR of 2.7% over the forecast period (2024-2032).
    • Another report indicates the global iron ore market size was valued at USD 326.65 billion in 2025 and is expected to reach USD 426.37 billion by 2035, growing at a CAGR of 2.7% during the forecast period (2025-2035).
    • A further assessment noted the global iron ore market size was valued at USD 301.56 billion in 2025 and is projected to grow from USD 313.33 billion in 2026 to USD 425.52 billion by 2034, exhibiting a CAGR of 3.90%.
  • Coal:
    • The global market for Coal Logistics was valued at US$42.9 billion in 2024 and is projected to reach US$49.3 billion by 2030, growing at a CAGR of 2.4% from 2024 to 2030.
    • The global Coal Logistics market is projected to reach $24.9 billion by 2032, exhibiting a CAGR of 3.9% from the base year 2025.
    • In terms of volume, the global supply of coal in maritime transport increased by 2.4% year-on-year to 1371.8 million tons in 2024. Global coal trade reached an all-time record of 1,545 million tons in 2024.
  • Grains:
    • Global seaborne agricultural trade reached a new record of 716.5 million tons in 2025.
    • BIMCO analysts expect that global grain supplies in 2026 could increase by 5-6% overall.
  • Steel Products:
    • The global steel logistics market size reached USD 183.7 billion in 2024 and is anticipated to expand at a CAGR of 5.1% during the forecast period, propelling the sector to an estimated USD 286.5 billion by 2033.

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Genco Shipping & Trading (NYSE: GNK) is positioned for future revenue growth over the next 2-3 years, driven by a combination of favorable market dynamics, strategic fleet enhancements, and expansion initiatives.

Key drivers of future revenue growth include:

  1. Strengthening Drybulk Market and Rising Freight Rates: Genco anticipates a robust drybulk market in 2026 and beyond, which is expected to lead to higher freight rates. This optimism is supported by improved dry bulk freight rates observed in the second half of 2025, particularly in the Capesize sector, driven by strong Brazilian iron ore shipments and firm Supramax rates due to increased coal and grain exports. Analysts also point to favorable drybulk market fundamentals, including rising rates and balanced vessel supply, as key factors supporting increased earnings.
  2. Strategic Fleet Expansion and Modernization: The company's strategy involves the acquisition of high-specification and fuel-efficient vessels, which expands its earnings capacity and improves its time-charter equivalent (TCE) rates. Since 2023, Genco has invested significantly in acquiring modern Capesize and Newcastlemax vessels, including the delivery of a high-specification Capesize vessel in October 2025 and two Newcastlemax vessels expected in March 2026. This fleet renewal program, which includes divesting older tonnage and lowering the average age of its fleet, aims to enhance fuel efficiency and ensure compliance with environmental regulations, thereby increasing profitability.
  3. Increased Demand for Key Dry Bulk Commodities: Revenue growth is expected to benefit from promising demand for essential dry bulk commodities such as iron ore, bauxite, coal, and grains. Specifically, increased seaborne supplies and restocking of iron ore inventories by China, along with augmented coal shipments and firm grain exports, are contributing to higher demand and subsequently, higher freight rates for Genco's vessels.
  4. Geographic Expansion and Revenue Diversification: Genco is strategically expanding its reach by targeting emerging trade routes, such as West African bauxite and South American grain corridors, to secure long-haul employment for its Capesize vessels. The company is also exploring opportunities in mid-sized market segments for cargoes like cement and fertilizers, which could introduce higher-margin and lower-volatility revenue streams, diversifying its cargo base beyond traditional iron ore and coal trades.

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Share Repurchases

  • In May 2025, Genco Shipping & Trading Limited authorized a share repurchase program to acquire up to $50 million worth of its common stock.
  • Actual share repurchases made in recent quarters (up to September 30, 2025) appear to be minimal or zero.

Share Issuance

  • Genco's shares outstanding have experienced minor annual increases over the last five years (2021-2025), with changes ranging from 0.4% to 1.1% annually.

Inbound Investments

  • No large strategic inbound investments by third parties have been identified as completed.
  • A non-binding acquisition proposal from Diana Shipping Inc. to acquire Genco for $20.60 per share was rejected by Genco in February 2026, citing that it significantly undervalued the company and presented considerable execution risks.

Capital Expenditures

  • Since 2021, Genco has invested approximately $285 million in fleet expansion and modernization, including the acquisition of modern, fuel-efficient Capesize and Newcastlemax vessels.
  • This includes the acquisition of a 2016-built Capesize vessel for $47.5 million in October 2024, and the agreement to acquire two 2020-built Newcastlemax vessels for $145.5 million, expected for delivery in Q1 2026.
  • The primary focus of these capital expenditures is to modernize and expand the fleet with fuel-efficient vessels, aiming to reduce the average age of the fleet, comply with environmental regulations, and enhance earnings and dividend capacity.

Better Bets vs. Genco Shipping & Trading (GNK)

Peer Outperformance in Marine Transportation

GNK has trailed 75% of its 8 Marine Transportation peers over 5Y. Among the peers that beat it is MATX. Marine Transportation ranks 2nd of 23 industries in Industrials by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Marine Transportation constituents that GNK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
10%
of 10 industry peers · 52.8% return
3Y
56%
of 9 industry peers · 128.8% return
5Y
25%
of 8 industry peers · 107.0% return
Marine Transportation peers with revenue growth within 4pp of GNK's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
GNK Genco Shipping & Trading 1.0% 28.2x 52.8%128.8%107.0% —
MATX Matson 0.8% 14.5x 119.4%160.2%193.2% +86pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Marine Transportation is GNK's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 31 4.6%112.2%181.7% FIX 2219% · STRL 2066% · CDNL 2032%
Marine Transportation ← 9 73.4%97.7%146.2% HOS 41689% · ASC 475% · MATX 193%
Construction Machinery & Heavy Transportation Equipment 13 3.9%46.6%117.6% CAT 352% · WAB 242% · ALSN 241%
Aerospace & Defense 55 -9.6%67.4%70.1% ATI 969% · FTAI 836% · HWM 626%
Rail Transportation 7 19.0%58.6%52.1% FSTR 139% · CSX 65% · RAIL 57%
Industrial Machinery & Supplies & Components 72 10.9%52.2%47.3% CRS 1133% · PSIX 1083% · EROC 583%
Trading Companies & Distributors 19 5.0%36.0%45.4% DXPE 533% · AIT 282% · WCC 221%
Diversified Support Services 32 14.8%32.4%32.1% LIME 3263% · TH 412% · WLFC 332%
Cargo Ground Transportation 16 34.9%-0.4%28.6% XPO 257% · R 213% · CVLG 140%
Security & Alarm Services 10 -24.6%48.2%25.0% CIX 163% · VRME 151% · MG 111%
Electrical Components & Equipment 41 2.6%45.6%19.4% POWL 2297% · BE 1317% · VRT 910%
Building Products 34 -12.6%0.9%17.0% LMB 583% · GFF 373% · PPIH 325%
Industrial Conglomerates 17 9.9%5.8%-5.8% RCMT 566% · CSW 135% · DD 74%
Passenger Ground Transportation 3 -32.0%41.2%-6.4% UBER 53% · CAR -6% · LYFT -72%
Agricultural & Farm Machinery 17 3.3%0.3%-8.6% BLBD 172% · DE 109% · GENC 57%
Environmental & Facilities Services 30 -15.4%11.3%-10.5% CECO 909% · ADUR 440% · NVRI 306%
Research & Consulting Services 13 -18.1%-26.6%-14.1% HURN 202% · CRAI 75% · GRNQ 66%
Data Processing & Outsourced Services 6 -34.5%-15.9%-30.0% EXLS 37% · BR 6% · G -27%
Office Services & Supplies 9 15.9%17.8%-33.2% PBI 168% · TILE 134% · HNI 46%
Passenger Airlines 11 16.6%16.3%-34.3% LTM 2778% · UAL 129% · DAL 101%
Human Resource & Employment Services 22 0.2%-16.1%-38.2% BBSI 67% · ADP 47% · HQI 12%
Air Freight & Logistics 12 -23.3%-23.7%-38.6% CHRW 89% · FDX 81% · EXPD 65%
Airport Services 3 -71.5%-77.9%-68.0% JOBY -37% · ASLE -68% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GNKSBMedian
NameGenco Sh.Safe Bul. 
Mkt Price25.908.2417.07
Mkt Cap1.10.81.0
Rev LTM441307374
Op Inc LTM5410278
FCF LTM-157131-13
FCF 3Y Avg-4112442
CFO LTM73131102
CFO 3Y Avg87124105

Growth & Margins

GNKSBMedian
NameGenco Sh.Safe Bul. 
Rev Chg LTM25.6%10.8%18.2%
Rev Chg 3Y Avg1.0%-0.7%0.1%
Rev Chg Q68.5%33.0%50.8%
QoQ Delta Rev Chg LTM14.4%7.6%11.0%
Op Inc Chg LTM146.9%33.3%90.1%
Op Inc Chg 3Y Avg16.0%-5.1%5.4%
Op Mgn LTM12.3%33.3%22.8%
Op Mgn 3Y Avg10.9%32.5%21.7%
QoQ Delta Op Mgn LTM4.6%6.4%5.5%
CFO/Rev LTM16.5%42.7%29.6%
CFO/Rev 3Y Avg21.5%41.5%31.5%
FCF/Rev LTM-35.6%42.7%3.5%
FCF/Rev 3Y Avg-8.9%41.5%16.3%

Valuation

GNKSBMedian
NameGenco Sh.Safe Bul. 
Mkt Cap1.10.81.0
P/S2.62.72.7
P/Op Inc20.98.214.6
P/EBIT19.67.313.5
P/E28.29.718.9
P/CFO15.76.411.0
Total Yield8.0%10.4%9.2%
Dividend Yield4.5%0.0%2.2%
FCF Yield 3Y Avg-3.3%23.5%10.1%
D/E0.30.60.4
Net D/E0.20.40.3

Returns

GNKSBMedian
NameGenco Sh.Safe Bul. 
1M Rtn0.1%-3.2%-1.6%
3M Rtn9.5%32.2%20.9%
6M Rtn22.3%37.8%30.1%
12M Rtn52.6%85.9%69.3%
3Y Rtn128.5%190.5%159.5%
1M Excs Rtn1.0%-1.5%-0.3%
3M Excs Rtn6.3%28.9%17.6%
6M Excs Rtn0.7%17.7%9.2%
12M Excs Rtn34.9%69.2%52.1%
3Y Excs Rtn63.5%122.4%93.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Minor Bulk182199194345 
Major Bulk160224190192 
Lease revenue    160
Spot market voyage revenue    387
Total342423384537547


Assets by Segment
$ Mil20142013201220112010
GS&T1,2712,4052,4822,7382,792
Baltic Trading482557364385396
Elimination-0-5-3-4-6
Total1,7532,9572,8433,1193,183


Price Behavior

Price Behavior
Market Price$25.93 
Market Cap ($ Bil)1.1 
First Trading Date04/11/2007 
Distance from 52W High-7.8% 
   50 Days200 Days
DMA Price$25.97$22.58
DMA Trendupup
Distance from DMA-0.2%14.9%
 3M1YR
Volatility35.8%36.4%
Downside Capture39.7855.10
Upside Capture80.9794.38
Correlation (SPY)25.7%30.8%
GNK Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.570.650.260.790.840.81
Up Beta0.891.181.191.161.350.88
Down Beta-0.821.03-0.600.330.820.97
Up Capture84%63%49%82%88%52%
Bmk +ve Days10213268138427
Stock +ve Days12253566137392
Down Capture-10%-11%-4%74%48%81%
Bmk -ve Days11213259113324
Stock -ve Days9172961113354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GNK
GNK51.6%36.3%1.20-
Sector ETF (XLI)12.6%17.2%0.5221.8%
Equity (SPY)17.4%13.0%0.9630.7%
Gold (GLD)9.7%29.6%0.3113.5%
Commodities (DBC)42.7%20.7%1.60-0.0%
Real Estate (VNQ)4.3%13.6%0.0624.3%
Bitcoin (BTCUSD)-23.0%44.8%-0.4613.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GNK
GNK17.5%39.9%0.51-
Sector ETF (XLI)12.9%17.6%0.5632.4%
Equity (SPY)13.5%17.2%0.6034.5%
Gold (GLD)18.1%18.9%0.7712.7%
Commodities (DBC)11.0%19.5%0.4425.3%
Real Estate (VNQ)0.9%18.9%-0.0624.0%
Bitcoin (BTCUSD)14.4%52.4%0.4515.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GNK
GNK25.0%56.9%0.62-
Sector ETF (XLI)13.4%20.0%0.5936.0%
Equity (SPY)15.4%17.9%0.7334.4%
Gold (GLD)11.7%16.4%0.583.0%
Commodities (DBC)8.5%18.1%0.3825.2%
Real Estate (VNQ)4.7%20.7%0.1926.0%
Bitcoin (BTCUSD)63.8%66.2%1.0312.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 831202646.4%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest1.9 days
Basic Shares Quantity43.9 Mil
Short % of Basic Shares3.4%

Earnings Returns History

Updated 9/25/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-1.7%-1.2%10.1%
5/6/2026-1.0%-0.1%-1.8%
2/17/20263.7%5.4%3.4%
11/5/20251.1%5.7%13.1%
8/6/2025-3.9%-0.6%7.1%
5/7/20250.4%6.9%1.3%
2/19/20250.6%-1.2%-2.2%
11/6/20244.7%4.7%-8.3%
...
SUMMARY STATS   
# Positive141313
# Negative101111
Median Positive3.6%6.9%12.8%
Median Negative-3.2%-2.1%-4.2%
Max Positive7.3%11.4%22.3%
Max Negative-7.7%-7.1%-23.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-1.7%-1.2%10.1%
5/6/2026-1.0%-0.1%-1.8%
2/17/20263.7%5.4%3.4%
11/5/20251.1%5.7%13.1%
8/6/2025-3.9%-0.6%7.1%
5/7/20250.4%6.9%1.3%
2/19/20250.6%-1.2%-2.2%
11/6/20244.7%4.7%-8.3%
8/7/2024-2.5%-2.2%-5.0%
5/8/20240.3%-0.5%-2.3%
2/21/20247.3%9.9%14.2%
11/8/20236.8%9.0%12.8%
8/4/2023-4.3%-2.1%-4.2%
5/3/2023-7.7%0.5%-3.2%
2/22/20236.6%5.7%-14.4%
11/9/20227.1%10.3%8.9%
8/3/2022-7.4%-7.1%-23.8%
5/4/2022-0.6%-5.7%16.9%
2/24/2022-3.9%6.9%22.3%
11/3/20212.2%-4.4%-7.0%
8/4/20215.0%11.4%17.6%
5/5/20211.8%-5.3%-0.8%
2/24/20213.4%10.6%4.4%
11/4/2020-0.8%6.0%22.2%
SUMMARY STATS   
# Positive141313
# Negative101111
Median Positive3.6%6.9%12.8%
Median Negative-3.2%-2.1%-4.2%
Max Positive7.3%11.4%22.3%
Max Negative-7.7%-7.1%-23.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/21/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/21/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q
12/31/202102/24/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202002/24/202110-K
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201902/27/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 9/28/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 DividendReported 1    
Q3 2026 TCEReported 28587    
Q3 2026 Voluntary Quarterly ReserveReported 19.50 Mil    
Q3 2026 DVOEReported 6750    
Q3 2026 Drydock CostsReported 8.10 Mil 55.8% RaisedGuidance: 5.20 Mil for Q3 2026
Q3 2026 Fleet Upgrade CostsReported 1.44 Mil    


Prior: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 DividendReported 0.7    
Q2 2026 TCEReported 23939    
Q2 2026 Voluntary Quarterly ReserveReported 19.50 Mil 0 AffirmedGuidance: 19.50 Mil for Q1 2026
Q2 2026 DVOEReported 6750    
Q2 2026 Drydock CostsReported 10.05 Mil 5.3% Higher NewGuidance: 9.54 Mil for Q2 2026
Q3 2026 Drydock CostsReported 5.20 Mil    
Q4 2026 Drydock CostsReported 6.90 Mil 0 Same NewGuidance: 6.90 Mil for Q4 2026

Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 TCEReported 17966 -10.2% Lower NewActual: 20000 for Q4 2025
Q1 2026 Voluntary ReserveReported 19.50 Mil 0 Same NewActual: 19.50 Mil for Q4 2025
Q1 2026 Operating ExpensesReported 38.00 Mil    
Q1 2026 Capital ExpendituresReported 18.76 Mil    
Q2 2026 Capital ExpendituresReported 9.54 Mil    
Q4 2026 Capital ExpendituresReported 6.90 Mil    

Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Estimated Q4 2025 TCEReported 20000 25.6% Higher NewActual: 15926 for Q3 2025
Q4 2025 Voluntary quarterly reserveReported 19.50 Mil 0 Same NewActual: 19.50 Mil for Q3 2025
Q4 2025 Drydock CostsReported 5.06 Mil    
Q4 2025 Fuel Efficiency Upgrade CostsReported 0.14 Mil    

Insider Activity

Updated 6/23/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Diana, Shipping IncDirectSell519202624.4740,000978,800153,293,490Form
2Diana, Shipping IncDirectSell518202624.5950,0001,229,500155,028,835Form
3Diana, Shipping IncDirectSell518202624.7858,6031,452,161157,463,389Form
4Adamo, JosephChief Accounting OfficerDirectSell223202623.676,340150,068911,745Form
5Wobensmith, John CChairman, CEO, and PresidentDirectSell223202623.6639,244928,51313,358,838Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Diana, Shipping IncDirectSell519202624.4740,000978,800153,293,490Form
2Diana, Shipping IncDirectSell518202624.5950,0001,229,500155,028,835Form
3Diana, Shipping IncDirectSell518202624.7858,6031,452,161157,463,389Form
4Adamo, JosephChief Accounting OfficerDirectSell223202623.676,340150,068911,745Form
5Wobensmith, John CChairman, CEO, and PresidentDirectSell223202623.6639,244928,51313,358,838Form
6Christensen, JesperChief Commercial OfficerDirectSell223202623.6618,450436,5272,325,754Form
7Allen, Peter GeorgeChief Financial OfficerDirectSell223202623.6613,315315,0061,578,032Form
8Allen, Peter GeorgeChief Financial OfficerDirectSell218202623.276,232145,0191,210,087Form
9Wobensmith, John CChairman, CEO, and PresidentDirectSell218202623.2618,642433,61312,220,222Form
10Christensen, JesperChief Commercial OfficerDirectSell218202623.278,260192,2101,822,297Form
11Adamo, JosephChief Accounting OfficerDirectSell218202623.273,22775,092716,064Form
12Wobensmith, John CChairman, CEO, and PresidentDirectSell915202518.4419,000350,3609,344,157Form
13Wobensmith, John CChairman, CEO, and PresidentDirectSell915202518.1220,000362,4009,526,282Form
14Wobensmith, John CChairman, CEO, and PresidentDirectSell910202518.1110,752194,7199,883,225Form
15Christensen, JesperChief Commercial OfficerDirectSell910202518.0634,202617,6881,252,696Form
16Wobensmith, John CChairman, CEO, and PresidentDirectSell910202518.04117,8852,126,40310,037,846Form
Core Cache Last Updated: 9/28/2026