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Diana Shipping inc.

DSX Industrials Marine Shipping

Diana Shipping inc.’s revenue for fiscal 2025 (year ended December 2025) was $213.5 million, down 6.43% from fiscal 2024.

Revenue
+4.75%
EPS
+466.7%
Free cash flow
+1.73%
Total debt
−0.68%

Quarter to June 2026, against a year earlier

2.37 0.05 +2.16%
Market cap
$288.6M
P/E
4.8×
Fwd P/E
3.1×
Dividend yield
1.72%
F-score
7/9
Altman Z
−0.13
Beneish M
−2.83
Dividend safety
50/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 51.87%

Capital & Financial Ratios $m

Size
Market Cap 288.64
Revenue ttm 215.94
Net income ttm 60.20
Free cash flow ttm 132.18
Net debt Q 350.59
Valuation
P/E 4.76
Forward P/E 3.13
Price / sales 1.23
Forward P/S Powerpack
Price / FCF 2.02
Price / book 0.48
Financial health
Current ratio Q 2.05 (at or above 1.5: strong)
Debt / equity Q 1.10
Interest coverage Q 1.26
Growth
Revenue growth Q +4.75% (above 0%: growing)
Operating income growth Q +16.15% (above 0%: growing)
EPS, this year +592.15% (at or above 15%: strong)
EPS, next year A +50.00% (at or above 15%: strong)
Revenue, next year A +13.33% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +146.92% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 3.3×; over the ten years it ranged from 2.4× in 2022 to 8.6× in 2017.
P/E against its own 10 years 25.46%
10-year low 10-year high
P/S against its own 10 years 39.93%
10-year low 10-year high
P/B against its own 10 years 43.42%
10-year low 10-year high
EV/Sales against its own 10 years 15.33%
10-year low 10-year high
EV/FCF against its own 10 years 21.68%
10-year low 10-year high

Dividends

Yield
1.72%
Annual rate
0.04
Payout ratio
8.33%
Growth, 2021–25
−20.5%/yr
  1. 0.10 ’21
  2. 0.90 ’22 +800
  3. 0.60 ’23 −33
  4. 0.24 ’24 −61
  5. 0.04 ’25 −83
  6. 0.10 ’26e +150
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 162 188 227 255
Receivables 6 7 5 8
Inventory 5 4 4 4
Other — 18 — 21
182 207 245 277
2023 2024 2025 Q'26
Payables 10 9 11 12
ST’ Debt 59 55 60 99
Other — 0 0 2
85 80 90 135

Compound Annual Growth %

10y 5y 3y
Sales 3.08% 4.70% (9.70%)
Cash Flow 7.09% 22.48% (33.13%)
Earnings 0.00% 0.00% (52.61%)
Book Value (8.48%) 3.23% 1.02%

Earnings Trends EPS, adjusted, against the consensus

Jun 2024 Estimate 0.05 Actual 0.01

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2023 0.07 0.06 Miss by 0.01
Dec 2023 0.04 0.06 Beat by 0.02
Mar 2024 0.04 0.05 Beat by 0.01
Jun 2024 0.05 0.01 Miss by 0.04

EPS $

Mar Jun Sep Dec Year
’26 0.25 0.16 — — —
’25 0.01 0.03 0.05 0.02 0.11
’24 0.01 (0.04) 0.00 0.02 0.05
’23 0.22 0.09 0.06 0.06 0.42
’22 0.31 0.42 0.37 0.27 1.36
’21 (0.03) 0.02 0.16 0.48 0.61
’20 (1.21) (0.14) (0.17) (0.10) (1.62)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 55 57 — — —
’25 55 55 52 52 214
’24 58 56 57 57 228
’23 73 67 62 60 262
’22 66 75 74 76 290
’21 41 47 57 69 214
’20 44 41 42 43 170
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 20 18 — — —
’25 17 9 — 48 48
’24 38 11 19 15 84
’23 33 19 20 (2) 70
’22 37 44 43 35 159
’21 6 21 30 32 90
’20 7 4 0 6 17
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 20 18 — — —
’25 17 9 — 48 67
’24 38 11 19 15 94
’23 33 19 20 (2) 75
’22 37 44 43 35 (68)
’21 6 21 30 32 104
’20 7 4 0 6 27
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 114 162 226 221 170 214 290 262 228 214 216 +7.2% 242 263 — +11.0%
Gross margin, % 12.67 38.87 54.50 52.82 41.45 62.50 72.76 62.19 57.85 56.61 56.68 +43.9 pt
EBT (164) (512) 17 (11) (134) 57 119 50 13 18 60 n/m
EBT margin, % (143.74) (316.07) 7.33 (4.77) (79.06) 26.79 41.06 19.02 5.59 8.35 27.88 +152.1 pt
Net income (164) (512) 17 (11) (134) 57 119 50 13 18 60 n/m
Per share, $
Per share, $ Revenue 1.42 1.69 2.18 2.32 1.97 2.64 3.62 2.62 1.97 1.93 1.89 +3.5%
Earnings (2.11) (5.41) 0.10 (0.17) (1.62) 0.64 1.42 0.44 0.06 0.11 0.49 n/m
Cash flow (0.26) 0.24 0.77 0.52 0.20 1.11 1.98 0.70 0.72 0.43 0.82 n/m
Capex (0.64) (1.29) 0.11 0.40 0.11 0.18 (2.83) 0.05 0.09 0.18 0.33 n/m
Free cash flow (0.90) (1.05) 0.88 0.93 0.31 1.29 (0.85) 0.75 0.81 0.61 1.16 n/m
Book value 13.13 6.53 6.05 5.99 4.98 4.85 6.09 4.88 4.36 4.55 4.82 (11.1%)
Shares, m 80 96 104 95 86 81 80 100 116 110 112 +3.6%
Valuation, ×
Valuation, × P/E 0.00 0.00 30.60 0.00 0.00 5.81 2.57 6.56 32.67 15.09 4.76 9.3
P/S 2.23 2.39 1.40 1.29 0.94 1.47 1.01 1.13 1.00 0.86 1.23 1.4
P/B 0.24 0.62 0.51 0.50 0.37 0.80 0.60 0.60 0.45 0.37 0.48 0.5
EV/Sales 6.61 5.86 3.19 2.96 3.05 2.94 2.88 2.96 2.97 2.77 2.86 3.6
EV/FCF (1.40) (2.25) (3.02) (8.70) (11.02) 4.15 (10.84) (4.18) 8.30 4.85 4.67 (2.4)
Cash, $m
Cash, $m Operating cash flow (21) 23 80 50 17 90 159 70 84 48 94 n/m
Capex (51) (124) 12 38 9 15 (227) 5 11 20 38 n/m
Free cash flow (72) (100) 92 88 27 104 (68) 75 94 67 132 n/m
Balance, $m
Balance, $m Working capital 37 58 17 72 43 61 9 97 126 155 141 +17.2%
Net debt 500 561 404 368 357 313 541 480 449 409 351 (2.2%)
Shareholders’ equity 1,057 625 628 570 429 393 487 489 505 502 551 (7.9%)
Returns, %
Returns, % ROA (9.70) (35.50) 0.89 (1.44) (14.40) 6.02 11.19 3.75 0.60 1.03 4.68 +10.7 pt
ROIC (3.55) (26.08) 2.32 1.59 (8.87) 5.62 8.68 5.53 3.85 2.89 2.88 +6.4 pt
ROE (14.95) (61.56) 1.73 (2.72) (28.03) 12.57 25.73 9.03 1.40 2.39 10.35 +17.3 pt
People
People Employees 1,018 1,099 1,041 1,025 918 1,025 1,020 1,018 981 939 — (0.9%)
Revenue/emp, $m 0.11 0.15 0.22 0.22 0.18 0.21 0.28 0.26 0.23 0.23 — +8.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Diana Shipping inc. vs peers in Marine Shipping (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HSHP Himalaya Shipping Ltd. $704.7M 13.3× 8.8× +79.60% (above 0%: growing) +2,500.00% (above 0%: growing) +312.05% (above 0%: growing) 85.47% 68.34% Compare
ASC Ardmore Shipping Corporation $698.2M 6.4× 4.7× +7.96% (above 0%: growing) +33.40% (above 0%: growing) +103.64% (above 0%: growing) 38.73% 19.69% Compare
PANL Pangaea Logistics Solutions Ltd. $482.5M 6.4× 9.1× +29.87% (above 0%: growing) +210.53% (above 0%: growing) +76.28% (above 0%: growing) 0.00% 19.90% Compare
CMDB Costamare Bulkers Holdings Limited $432.3M 10.7× — — — −166.66% (below 0%: shrinking) 37.19% 6.44% Compare
ESEA Euroseas Ltd. $415.7M 3.3× 3.5× −1.28% (below 0%: shrinking) +10.42% (above 0%: growing) −70.14% (below 0%: shrinking) 78.65% 59.18% Compare
SHIP Seanergy Maritime Holdings Corp $300.1M 4.9× 4.7× +48.58% (above 0%: growing) +764.29% (above 0%: growing) +144.12% (above 0%: growing) 75.84% 54.72% Compare
GASS StealthGas, Inc. $296.1M 5.0× 4.9× −9.16% (below 0%: shrinking) −16.36% (below 0%: shrinking) −4.48% (below 0%: shrinking) 52.20% 31.55% Compare
DSX Diana Shipping inc. $288.6M 4.8× 3.1× +4.75% (above 0%: growing) +466.67% (above 0%: growing) +1.73% (above 0%: growing) 57.47% 21.13%
SMHI SEACOR Marine Holdings Inc. $235.1M — (loss-making) — (loss-making) −3.28% (below 0%: shrinking) n/m −117.87% (below 0%: shrinking) 33.07% (2.44%) Compare
Median of peers $424.0M 6.4× 4.8× +7.96% +121.97% +35.90% 45.47% 25.73%

All 38 Marine Shipping stocks →

Diana Shipping inc. (DSX) Latest News

8 Oct

Impact 3 · · GlobeNewswire

21 Sep

Impact 3 · · GlobeNewswire

1 Aug

Impact 4 ·

31 Jul

Impact 3 · · MarketBeat

30 Jul

Impact 3 ·

27 Jul

Impact 3 ·

23 Jul

Impact 4 ·

13 Jul

Impact 4 ·
Impact 4 ·

8 Jul

Impact 4 ·
Impact 4 ·
Impact 3 ·

30 Jun

Impact 4 ·

29 Jun

Impact 4 ·
Impact 4 ·
Impact 3 ·

18 Jun

Impact 4 ·

17 Jun

Impact 4 ·
Impact 4 · · InvestorsHub
Impact 4 ·

15 Jun

Impact 3 ·

11 Jun

Impact 3 ·

5 Jun

Impact 3 · · GlobeNewswire

2 Jun

Impact 4 · · GlobeNewswire
Impact 4 · · Proactive Investors
Impact 3 · · GlobeNewswire

31 May

Impact 3 · · GlobeNewswire

28 May

Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript
stockrow.com/DSX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com