Genco Shipping & Trading Limited (GNK) Stock

Genco Shipping & Trading Limited (GNK) is a Industrials stock trading at $26.94 (as of 2026-08-24), with a market capitalization of $1.17B and a trailing P/E of 34.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Genco Shipping & Trading Limited and its subsidiaries provide ocean transportation for dry-bulk cargoes worldwide by owning and operating dry-bulk carrier vessels. It transports commodities such as iron ore, coal, grains, and steel products, with vessels chartered to trading houses, producers, and government-owned entities.

Understand Genco Shipping & Trading Limited: how it makes money

Genco Shipping & Trading operates a fleet of dry bulk carrier vessels and makes money by chartering those vessels to trading houses, producers, and government-owned entities to transport commodities like iron ore, coal, and grains.

Because Genco’s profit is driven by chartering an owned dry bulk fleet, its earnings primarily track (1) the prevailing time charter equivalent freight market and (2) how fully the fleet is utilized, rather than a fixed recurring customer contract model.

Revenue by segment (latest quarter)
Net Revenue	$0.1B
Other	$0.0B

Business quality (Mixed): Quality is supported by very high fleet-wide utilization (99.2%) and a positive operating margin (11.6%), but results remain exposed to dry bulk shipping market cycles and charter-rate movements, with some fleet older-vessel exposure (7.8% of the fleet at least 20 years old).

Valuation: At 62× earnings, GNK trades 252% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

Fleet-Wide Utilization is very high at 99.2%, which generally indicates strong demand capture for the owned fleet: This helps support operating performance, consistent with the reported 11.6% operating margin for the quarter.
The company has an order book of 7.0% as a percentage of the fleet: A meaningful order book can provide some visibility around future fleet changes, which can influence earning capacity.

Bear case

Genco’s revenue comes from chartering vessels in a cyclical dry bulk shipping market: If time charter equivalent rates weaken, earnings can be pressured even when utilization stays high.
The fleet has age risk, with 7.8% of the fleet percentage greater than or equal to Twenty Years Old: Older vessels can increase maintenance and operating complexity, which may weigh on profitability during tougher market periods.

Valuation — source: SEC EDGAR (first-party)
Price	$26.94
Market Cap	$1.17B
P/E Ratio	34.1
EV / EBITDA	10.6
Price / Book	1.32
Price / Sales	2.64
FCF Yield	7.8%
DCF Value (model)	$37.29
DCF Upside vs Price	38.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$342.05M
Net Margin	-1.3%
Revenue Growth (YoY)	-19.1%
EPS Growth (YoY)	-105.6%
FCF Growth (YoY)	-76.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.62 (grey)

Valuation vs Sector & Industry
Stock P/E	34.1
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0
vs Sector	31.0%
vs Industry	100.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($87.79M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Industrials
Industry	Transportation
CEO	John C. Wobensmith
Employees	1,037
Country	US
IPO Date	2014-07-15

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.