Genco Shipping AI Stock Analysis
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Genco Shipping (GNK) AI Stock Analysis
Genco Shipping
(NYSE:GNK)
GNK scores well on fundamentals and outlook: a very strong, low-leverage balance sheet and a highly positive earnings call with reiterated high dividend guidance and strong rate coverage offset concerns about cyclical volatility and negative free cash flow. The score is held back by weak near-term technical momentum and ongoing freight-market volatility risk.
Genco Shipping Key Performance Indicators (KPIs)
Ownership DaysMeasures the total number of days Genco owned vessels during the period, showing how much fleet capacity the company had available to generate revenue. Changes signal fleet growth or disposals that directly affect revenue potential and fixed-cost exposure.
Ownership days rose into 2023/early‑2024, declined through 2024 into early‑2025 (consistent with fleet optimization/drydocking and turnover) and recovered steadily by late‑2025 — positioning the company to monetize stronger TCEs. Combined with management’s planned Newcastlemax deliveries and very low net leverage, the restored ownership base supports the recent dividend increases and earnings leverage, but the imminent acquisition CapEx and rising vessel prices mean higher funding needs and greater sensitivity to any freight‑rate reversal.
The FlyGenco Shipping (GNK) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.14B
- Dividend Yield
- 6.88%
- Average Volume (3M)
- 608.19K
- Price to Earnings (P/E)
- 14.4
- Beta (1Y)
- 0.93
- Revenue Growth
- 54.72%
- EPS Growth
- ―
- Country
- US
- Employees
- 1,056
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Marine Shipping
Genco Shipping Business Overview & Revenue Model
Company Description
Genco Shipping & Trading Limited, along with its associated companies, is a global participant in the maritime transport industry, focusing on the delivery of dry bulk commodities across the world's oceans. The firm owns and operates a fleet of dry b...
How the Company Makes Money
Genco primarily makes money by chartering its drybulk vessels to customers (cargo owners, commodity traders, and other shipping market participants) in exchange for freight revenue. Its core revenue stream is charter hire earned under (1) time charte...
Genco Shipping Earnings Call Summary
The call was strongly positive. Genco reported record or multi-year-high dividends, EBITDA, TCE rates and operating cash flow, alongside more than 200% year-over-year Q3 EBITDA growth, approximately 270% year-over-year nine-month EBITDA growth, strong liquidity and low leverage. The company also cited supportive iron ore, bauxite, coal and grain trade fundamentals, fleet renewal opportunities and constrained long-term fleet supply. The main challenges were market volatility, softer Brazilian iron ore shipments, ongoing fleet growth and a moderate increase in debt related to the latest vessel acquisition.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Genco reiterated that the fourth quarter dividend is projected to be over $1 per share for the second consecutive quarter, bringing the projected full-year dividend to over $3.20 per share; 66% of owned available days are fixed at a rate of approximately $30,100 per day versus an anticipated cash flow break-even rate, excluding dry docking-related CapEx, of approximately $10,500 per vessel per day, and Q4 TCE is on pace to increase by nearly 70% year-over-year and reach the highest level since Q4 2021. The dividend policy targets a distribution based on 100% of operating cash flow, less a voluntary reserve; Genco expects volatility in the freight market to persist, while the low supply growth picture provides a solid basis for a positive view of the dry bulk market, and it will continue to execute on fleet renewal with a bias towards the larger ships.
Genco Shipping Financial Statement Overview
Summary
Strong balance sheet is the anchor (very low leverage, sizable equity), and TTM profitability has rebounded with solid margins. However, the business remains cyclical with prior loss years, and cash flow quality is mixed due to deeply negative TTM free cash flow despite healthy operating cash flow.
Income Statement
72PositiveBalance Sheet
90Very PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 512.62M | 342.05M | 423.02M | 383.82M | 536.93M | 547.13M |
| Gross Profit | 197.96M | 46.00M | 116.68M | 68.16M | 196.26M | 226.26M |
| EBITDA | 187.59M | 85.08M | 159.90M | 64.34M | 230.06M | 255.02M |
| Net Income | 79.37M | -4.37M | 76.40M | -12.87M | 158.58M | 182.01M |
Balance Sheet | ||||||
| Total Assets | 1.33B | 1.14B | 1.06B | 1.14B | 1.17B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 94.61M | 55.54M | 43.69M | 46.54M | 58.14M | 114.57M |
| Total Debt | 5.77M | 200.16M | 89.22M | 194.26M | 171.12M | 246.29M |
| Total Liabilities | 438.50M | 240.29M | 128.37M | 227.26M | 205.56M | 286.33M |
| Stockholders Equity | 893.09M | 896.48M | 926.74M | 913.26M | 967.43M | 916.59M |
Cash Flow | ||||||
| Free Cash Flow | -145.85M | -60.55M | 70.17M | -2.23M | 133.28M | 113.66M |
| Operating Cash Flow | 131.33M | 31.89M | 126.85M | 91.78M | 189.32M | 231.12M |
| Investing Cash Flow | -255.88M | -91.57M | 47.85M | -91.62M | -55.02M | -67.57M |
| Financing Cash Flow | 129.20M | 71.22M | -177.55M | -17.40M | -190.74M | -222.69M |
Genco Shipping Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNK, the sentiment is Positive. The current price of 26.15 is above the 20-day moving average (MA) of 25.41, below the 50-day MA of 26.36, and above the 200-day MA of 23.90, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 53.29 is Neutral, neither overbought nor oversold. The STOCH value of 69.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GNK.
Genco Shipping Risk Analysis
Genco Shipping disclosed 54 risk factors in its most recent earnings report. Genco Shipping reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksGenco Shipping Peers Comparison
Overall Rating
SHIP80Outperform
SBLK79.5Outperform- GNK73Outperform
DSX66Neutral
HSHP66Neutral
SB63Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SHIP | 80Outperform | $317.22M | 5.39 | 20.72% | 5.71% | 31.98% | 274.58% |
| SBLK | 80Outperform | $3.06B | 10.94 | 11.71% | 6.71% | 6.34% | 141.62% |
| GNK | 73Outperform | $1.14B | 14.45 | 8.91% | 6.88% | 54.72% | ― |
| DSX | 66Neutral | $294.86M | 4.91 | 11.56% | 1.67% | -3.68% | 258.59% |
| HSHP | 66Neutral | $751.42M | 14.56 | ― | 10.87% | 60.84% | 1424.91% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SB | 63Neutral | $862.86M | 10.10 | 10.32% | 3.00% | 10.81% | 81.30% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GNK | Genco Shipping & Trading Ltd | 26.15 | 9.91 | 61.04% | |
| DSX | Diana Shipping | 2.39 | 0.64 | 36.65% | |
| SB | Safe Bulkers Inc | 7.84 | 3.17 | 68.06% | |
| SHIP | Seanergy Maritime Holdings Corp | 15.42 | 6.77 | 78.27% | |
| SBLK | Star Bulk Carriers | 28.01 | 10.26 | 57.80% | |
| HSHP | Himalaya Shipping Ltd. | 18.09 | 10.67 | 143.80% |
Genco Shipping Corporate Events
Genco Shipping Extends Shareholder Rights Plan Through 2027
NeutralOn September 25, 2026, Genco Shipping & Trading Limited approved a fourth amendment to its shareholder rights agreement, following an advisory vote at its June 18, 2026 annual meeting supporting an extension of the plan. The board concluded that revi...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 05, 2026