Saturday 17 October 2026
Export GSL’s income statement to Excel — free account
Global Ship Lease, Inc.
GSL Industrials Marine Shipping
Global Ship Lease, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $766.5 million, up 7.79% from fiscal 2024. In the quarter to June 2026, revenue grew 3.56%, EPS fell 4.98%, free cash flow was flat and total debt fell 11.8%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.
41.32
0.68
−1.62%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
3.08 | 2.24 | 2.38 | 2.11 | 5.06 | 6.09 | 3.33 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 7 | 7 | 8 | 6 | 6 | 7 | 4 | 5 | 6 |
P/S ratio |
1.63 | 1.08 | 1.04 | 0.94 | 1.80 | 0.74 | 0.40 | 0.23 | 54.87 | 0.45 |
Altman Z-Score |
2.15 | 1.81 | 1.58 | 1.33 | 0.94 | 0.50 | 0.40 | (0.10) | 12.07 | 0.13 |
Altman Z″-Score (non-manufacturers) |
4.80 | 3.93 | 3.10 | 2.32 | 1.07 | 0.77 | 0.78 | (0.19) | 0.03 | 0.42 |
P/FCF ratio |
2.60 | 3.64 | 2.95 | 1.89 | 0.00 | 2.50 | 9.70 | 0.73 | 131.31 | 1.05 |
Beneish M-Score |
(0.02) | (1.20) | (2.43) | (2.21) | (1.41) | (2.54) | (2.03) | 21.17 | 21.48 | (4.00) |
P/Operating CF |
6.46 | 7.28 | 6.65 | 8.83 | 5.01 | 10.67 | 5.28 | 5.89 | 431.92 | 2.67 |
Dividend Safety Score |
78 | — | — | — | — | — | — | — | — | — |
P/B ratio |
0.69 | 0.53 | 0.59 | 0.63 | 1.13 | 0.45 | 0.26 | 0.12 | 34.73 | 0.23 |
Price to Tangible BV |
0.69 | 0.53 | 0.59 | 0.63 | 1.13 | 0.45 | 0.26 | 0.12 | 34.83 | 0.23 |
EV/Sales |
1.84 | 1.71 | 1.90 | 2.10 | 3.96 | 3.18 | 3.29 | 5.28 | 56.91 | 2.64 |
EV/EBITDA |
2.56 | 2.51 | 2.93 | 3.33 | 6.56 | 5.67 | 5.32 | 27.92 | 225.69 | 17.25 |
EV/Operating CF |
2.67 | 2.83 | 3.41 | 4.14 | 6.64 | 8.60 | 9.21 | 17.38 | 135.56 | 6.18 |
EV/FCF |
2.93 | 5.75 | 5.38 | 4.21 | (9.61) | 10.68 | 79.60 | 16.43 | 136.19 | 6.20 |
Quick Ratio |
1.89 | 0.95 | 0.85 | 0.73 | 0.42 | 0.75 | 1.11 | 0.90 | 1.33 | 1.12 |
Current Ratio |
2.04 | 1.14 | 1.05 | 0.91 | 0.59 | 0.88 | 1.25 | 1.04 | 1.40 | 1.17 |
Net Debt/EBITDA |
0.29 | 0.92 | 1.32 | 1.84 | 3.58 | 4.34 | 4.67 | 26.68 | 8.10 | 14.34 |
Debt/Assets |
24.09% | 28.82% | 37.41% | 44.36% | 53.68% | 60.39% | 66.35% | 71.12% | 58.96% | 54.09% |
Debt/Equity |
0.38 | 0.47 | 0.69 | 0.97 | 1.50 | 1.66 | 2.21 | 2.77 | 1.58 | 1.28 |
Asset Turnover |
0.29 | 0.31 | 0.32 | 0.31 | 0.27 | 0.22 | 0.20 | 0.16 | 0.22 | 0.20 |
Operating CF/Net income |
1.30 | 1.25 | 1.27 | 1.16 | 1.64 | 4.82 | 5.32 | (0.79) | (0.86) | (1.04) |
Capex/Depreciation |
(0.41) | (2.06) | (1.47) | (0.10) | (13.68) | (0.38) | (1.65) | 0.07 | 0.00 | (0.01) |
Interest Coverage |
11.17 | 9.32 | 7.66 | 4.70 | 3.43 | 1.60 | 1.49 | (0.21) | (0.26) | (0.46) |
| 24.93% | 25.99% | 27.43% | 33.76% | 27.73% | 4.98% | 4.86% | (21.28%) | (26.64%) | (18.78%) | |
| 15.55% | 15.14% | 13.79% | 13.82% | 9.99% | 1.65% | 1.36% | (6.33%) | (10.65%) | (8.11%) | |
ROIC |
13.86% | 12.41% | 12.17% | 12.91% | 8.82% | 5.68% | 6.00% | (0.58%) | (1.66%) | (1.84%) |
Return on Tangible Assets |
17.82% | 17.90% | 17.56% | 17.73% | 10.32% | 1.92% | 1.48% | (5.41%) | (12.70%) | (9.37%) |
Average Days of Receivables |
23.76 | 6.42 | 2.56 | 2.08 | 2.62 | 3.27 | 3.29 | 4.48 | 0.17 | 0.18 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
2.88% | 2.41% | 2.70% | 2.87% | 2.96% | 2.95% | 3.38% | 5.87% | 3.37% | 3.78% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.82% | 1.22% | 1.51% | 1.56% | 0.78% | 0.71% | 0.66% | 0.03% | 0.17% | 0.17% |
Graham Net Nets |
(0.35) | (0.79) | (0.99) | (1.48) | (1.41) | (3.38) | (7.48) | (22.17) | (0.04) | (5.26) |
Graham Number |
113.69 | 95.25 | 79.18 | 68.42 | 45.47 | 33.98 | 45.24 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
32.51% | 44.57% | 42.05% | 47.44% | 19.77% | 16.43% | 30.06% | (163.15%) | (136.44%) | (90.97%) |
Free Cash Flow Yield |
38.45% | 27.47% | 33.93% | 52.96% | (22.96%) | 39.98% | 10.31% | 136.89% | 0.76% | 95.58% |
Revenue per Share |
21.46 | 20.13 | 19.06 | 17.64 | 12.75 | 15.99 | 22.02 | 21.11 | 0.17 | 27.84 |
Operating CF per Share |
14.80 | 12.18 | 10.59 | 8.95 | 7.61 | 5.90 | 7.87 | 6.42 | 0.07 | 11.89 |
Capex per Share |
(1.32) | (6.18) | (3.87) | (0.15) | (12.86) | (1.15) | (6.96) | 0.38 | 0.00 | (0.04) |
Free Cash Flow per Share |
13.47 | 6.00 | 6.72 | 8.80 | (5.26) | 4.76 | 0.92 | 6.80 | 0.07 | 11.85 |
Cash per Share |
14.81 | 6.73 | 6.61 | 5.10 | 2.86 | 4.61 | 11.97 | 11.32 | 0.08 | 9.07 |
Shareholders Equity per Share |
50.44 | 41.44 | 33.45 | 26.40 | 20.29 | 26.28 | 34.27 | 42.52 | 0.27 | 54.98 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
50.44 | 41.44 | 33.45 | 26.40 | 20.29 | 26.28 | 34.27 | 42.52 | 0.27 | 54.98 |
Free Cash Flow |
481.15 | 211.81 | 238.06 | 322.02 | (184.67) | 84.13 | 10.86 | 50.57 | 66.60 | 70.90 |
Working Capital |
320.21 | 37.24 | 15.24 | (24.72) | (101.40) | (13.60) | 32.27 | 3.46 | 22.12 | 8.21 |
Capital Expenditures |
(47.15) | (218.34) | (136.95) | (5.46) | (451.85) | (20.30) | (82.52) | 2.83 | (0.26) | (0.25) |
Net Current Asset Value |
(433.13) | (608.52) | (691.71) | (902.68) | (1,138.20) | (710.84) | (783.55) | (818.15) | (346.89) | (390.43) |
EV/EBIT |
3.24 | 3.21 | 3.73 | 3.83 | 7.47 | 8.57 | 7.71 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.06 | 0.31 | 0.20 | 0.01 | 1.01 | 0.07 | 0.32 | (0.02) | 0.00 | 0.00 |
Price to Operating Income |
2.88 | 2.03 | 2.04 | 1.72 | 3.39 | 2.01 | 0.94 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.06 | 0.06 | 0.03 | 0.02 | 0.05 | 0.04 | 0.04 | 0.09 | 0.06 |
Cash ROIC |
15.94% | 8.88% | 10.67% | 15.43% | (9.80%) | 6.39% | 0.75% | 3.96% | 9.21% | 8.83% |
Accounts Receivable Turnover |
24.57 | 82.48 | 160.19 | 187.04 | 155.76 | 115.86 | 122.10 | 157.18 | 2,082.07 | 1,164.50 |
Accounts Payable Turnover |
5.29 | 9.78 | 10.05 | 10.50 | 12.09 | 11.63 | 10.39 | 9.18 | 35.65 | 57.66 |
Inventory Turnover |
13.94 | 12.39 | 14.49 | 15.95 | 16.18 | 19.14 | 17.04 | 15.62 | 67.43 | 78.58 |
Average Days of Payables |
96.75 | 44.75 | 31.68 | 44.04 | 33.49 | 33.81 | 34.13 | 68.81 | 12.42 | 7.69 |
Days of Inventory on Hand |
22.82 | 32.13 | 28.37 | 23.68 | 29.04 | 20.22 | 21.10 | 41.41 | 6.20 | 4.42 |
Average Receivables |
31.19 | 8.62 | 4.21 | 3.45 | 2.88 | 2.44 | 2.14 | 1.00 | 0.08 | 0.14 |
Average Payables |
44.12 | 21.97 | 20.18 | 17.96 | 11.86 | 9.80 | 9.32 | 5.54 | 1.22 | 0.79 |
Average Inventory |
16.75 | 17.33 | 14.00 | 11.82 | 8.86 | 5.96 | 5.68 | 3.26 | 0.65 | 0.58 |
Average Assets |
2,617.22 | 2,272.51 | 2,139.00 | 2,050.16 | 1,634.15 | 1,313.01 | 1,292.66 | 954.69 | 726.07 | 840.59 |
Average Common Equity |
1,632.28 | 1,323.93 | 1,075.44 | 839.52 | 588.65 | 435.57 | 361.38 | 283.98 | 290.25 | 362.83 |
Columns are period end dates