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Genco Shipping & Trading (GNK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Genco Shipping & Trading (GNK) Q3 2026 earnings results →
Q3 2026 Revenue up 90% year over year to $152M · 25¢ of every $1 of revenue kept as net profit · operating margin 29.1%
Genco Shipping & Trading made $152M in Q3 2026 (+90% Y/Y). Operating margin 29.1%, net earnings $38.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $151.9M in Q3 2026, up 90% year over year and up 11% from the previous quarter.
Operating profit was $44.3M, a 29.1% margin (up 26.1 points year over year). Of the extra revenue versus Q3 2025, 58% reached operating profit, above the 3% margin then. Total costs grew 39% against revenue growth of 90%. The fastest-growing cost line was Other operating costs (+43%). Net earnings were $38.0M. The effective tax rate was 0.0%.
Operating cash flow was $66.5M (up 765% year over year), 175% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $2.2M of share-based compensation. Capital expenditures of $1.1M left free cash flow of $65.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $152M | +90% | 29.1% | $38.1M | $66.5M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $136M | +68% | 15.9% | $16.6M | $33.2M |
| Q1 2026 | 10-Q | May 6, 2026 | $114M | +61% | 11.6% | $9.3M | $15.7M |
| Q4 2025 | 10-K | Feb 18, 2026 | $110M | +11% | 17.3% | $15.4M | $15.9M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $79.9M | -20% | 3.1% | −$1.1M | $7.7M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $80.9M | -24% | -5.3% | −$6.8M | $5.4M |
| Q1 2025 | 10-Q | May 7, 2025 | $71.3M | -39% | -13.7% | −$12.0M | $2.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Genco Shipping & Trading
We are a New York City-based pure-play drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, bauxite, steel products and other drybulk cargoes along worldwide shipping routes. After the expected delivery of two Newcastlemax vessels during March 2026 that we have agreed to acquire, our fleet will consist of 45 drybulk vessels, including two Newcastlemax and 17 Capesize vessels and 15 Ultramax and 11 Supramax vessels with an aggregate carrying capacity of approximately 5,044,000 deadweight tons (“dwt”) and an average age of 12.7 years.
In its own words, from its 10-K, filed Feb 18, 2026.
Genco Shipping & Trading against its Deep Sea Foreign Transportation of Freight peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +90% against the peers' median +78%. Operating margin: 29.1% against the peers' median 29.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GNK Genco Shipping & Trading | Q3 2026 | $152M | +90% | 29.1% |
| LPG Dorian LPG | Q2 FY27 | $221M | +78% | 97.3% |
| PANL Pangaea Logistics Solutions | Q3 2026 | $219M | +30% | 19.9% |
| SMHI Seacor Marine Holdings | Q3 2026 | $57.3M | -3% | -2.4% |
Source: Genco Shipping & Trading 10-Q on SEC EDGAR · CIK 1326200 · Deep Sea Foreign Transportation of Freight
More on GNK
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results