Saturday 17 October 2026 Export SFL’s income statement to Excel — free account

SFL Corporation Ltd.

SFL Corporation Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $733.0 million, down 18.9% from fiscal 2024. In the quarter to June 2026, revenue grew 4.25%, EPS grew 2,400.0%, free cash flow fell 18.3% and total debt fell 15.4%, each against the same quarter a year earlier.

12.36 0.21 −1.67%

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Market cap: $1.9B
P/E: 25.8×
Fwd P/E: 29.6×
Dividend yield: 6.80%
F-score: 3/9
Altman Z: 0.40
Beneish M: −3.37
Dividend safety: 25/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 17.34%

Capital & Financial Ratios $m

Market Cap 1,890.00

Revenue 728.96

Net Income 63.85

Free Cash Flow 455.51

Net Debt 2,266.30

Current Ratio 0.38

Debt/Equity 2.30

P/E ratio 25.75

Fwd P/E 29.60

P/S ratio 2.28

P/B ratio 1.61

Past 5Y EPS Growth —

This Y EPS Growth 408.36%

Next Y EPS Growth 74.52%

Next Y revenue growth (3.87%)

Next 5Y EPS Growth 123.92%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 92.26%

10-year low 10-year high

P/S against its own 10 years 54.00%

10-year low 10-year high

P/B against its own 10 years 95.58%

10-year low 10-year high

EV/Sales against its own 10 years 31.11%

10-year low 10-year high

EV/FCF against its own 10 years 29.51%

10-year low 10-year high

Dividends

Payout Ratio 1.75

Annual Dividend Rate 0.84

Annual Dividend Yield 6.80%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.88	0.20 0.22 0.22
2025	0.94	0.27 0.27 0.20 0.20
2024	1.07	0.26 0.27 0.27 0.27
2023	0.97	0.24 0.24 0.24 0.25
2022	0.88	0.20 0.22 0.23 0.23
2021	0.63	0.15 0.15 0.15 0.18
2020	1.00	0.35 0.25 0.25 0.15
2019	1.40	0.35 0.35 0.35 0.35
2018	1.40	0.35 0.35 0.35 0.35
2017	2.05	0.45 0.45 0.45 0.35 0.35
2016	1.80	0.45 0.45 0.45 0.45

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	175	138	155	118
Receivables	45	42	19	36
Inventory	12	17	14	—
Other	50	101	53	98
	298	316	259	251

	2023	2024	2025	Q'26
Payables	33	36	9	1
ST’ Debt	433	689	606	576
Other	45	52	44	85
	969	828	710	661

Compound Annual Growth %

	10y	5y	3y
Sales	6.07%	9.25%	3.02%
Cash Flow	0.33%	(0.68%)	(9.05%)
Earnings	0.00%	0.00%	0.00%
Book Value	(2.53%)	3.85%	(4.15%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	174	201	—	—	—
’25	187	193	178	176	733
’24	229	191	255	229	904
’23	173	165	205	210	752
’22	152	153	167	198	670
’21	109	117	135	152	513
’20	122	118	116	115	471

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	34	88	—	—	—
’25	79	70	67	52	267
’24	63	124	81	102	370
’23	81	150	31	81	343
’22	82	85	80	109	355
’21	63	62	77	91	294
’20	73	122	72	82	276

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	75	72	—	—	—
’25	59	88	212	97	455
’24	(15)	2	(225)	(14)	(252)
’23	101	99	18	17	235
’22	(105)	160	(99)	(120)	(164)
’21	55	46	(248)	43	(104)
’20	84	117	181	82	432

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.20	0.25	—	—	—
’25	(0.24)	0.01	0.07	(0.04)	(0.20)
’24	0.36	0.16	0.34	0.15	1.01
’23	0.05	0.13	0.23	0.25	0.67
’22	0.37	0.45	0.39	0.38	1.60
’21	0.27	0.15	0.26	0.63	1.35
’20	(0.81)	0.11	0.15	(1.49)	(2.06)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.83	12.30	10.50	10.31	5.85	6.26	7.64	8.43	9.64	6.73	Analyst estimates 2026–2028 Powerpack
	High	16.44	16.10	15.98	15.10	14.80	9.17	11.60	11.75	14.62	11.14
People
People	Employees	9	11	11	11	14	18	19	21	24	24
	Revenue/emp, $m	45.88	34.63	38.06	41.71	33.65	28.52	35.28	35.82	37.68	30.54
Income, $m
Income, $m	Revenue	413	381	419	459	471	513	670	752	904	733
	Gross margin, %	67.06	65.40	69.30	70.70	66.96	69.47	69.40	60.95	62.04	58.83
	EBT	146	101	74	89	(224)	164	203	87	141	(25)
	EBT margin, %	35.45	26.57	17.58	19.43	(47.64)	32.01	30.25	11.60	15.62	(3.35)
	Net income	146	101	74	89	(224)	164	203	84	131	(26)
	Depreciation	104	96	114	124	120	145	195	222	247	243
Per share, $
Per share, $	Revenue	4.42	3.98	3.95	4.26	4.32	4.20	5.29	5.96	6.99	5.51
	Earnings	1.57	1.06	0.70	0.83	(2.06)	1.35	1.60	0.67	1.01	(0.20)
	Cash flow	2.46	1.86	1.90	2.32	2.54	2.40	2.80	2.72	2.86	2.01
	Capex	(1.70)	(0.07)	(9.37)	(0.37)	1.43	(3.26)	(4.09)	(0.86)	(4.81)	1.41
	Free cash flow	0.76	1.79	(7.47)	1.96	3.97	(0.85)	(1.29)	1.86	(1.95)	3.42
	Book value	12.13	12.50	11.14	10.28	7.30	8.04	8.61	8.23	8.72	7.22
	Shares, m	93	96	106	108	109	122	127	126	129	133
Valuation, ×
Valuation, ×	P/E	9.49	14.49	15.04	17.95	0.00	6.17	5.69	17.23	10.12	0.00
	P/S	3.40	3.93	2.66	3.41	1.48	1.94	1.71	1.91	1.46	1.42
	P/B	1.24	1.25	0.95	1.41	0.88	1.01	1.05	1.38	1.17	1.08
	EV/Sales	6.72	7.83	8.00	8.60	5.54	6.20	5.33	4.53	4.45	4.71
	EV/FCF	39.06	17.46	(4.24)	(30.91)	5.99	(30.56)	(21.76)	14.51	(15.95)	7.58
Cash, $m
Cash, $m	Operating cash flow	230	178	201	250	276	294	355	343	370	267
	Capex	(159)	(7)	(992)	(39)	156	(398)	(519)	(108)	(622)	188
	Free cash flow	71	171	(791)	210	432	(104)	(164)	235	(252)	455
Balance, $m
Balance, $m	Working capital	39	(26)	9	25	(220)	(150)	(760)	(671)	(512)	(451)
	Total debt	1,553	1,735	2,541	2,646	2,173	2,362	2,620	2,147	2,839	2,566
	Net debt	1,372	1,488	2,236	2,368	1,920	2,187	2,423	1,972	2,701	2,412
	Shareholders’ equity	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128	961
Returns, %
Returns, %	ROA	4.90	3.40	2.14	2.30	(6.43)	5.02	5.54	2.21	3.33	(0.68)
	ROIC	4.19	3.60	2.15	2.48	(3.18)	4.79	4.90	4.99	5.01	2.53
	ROE	12.32	8.69	6.20	7.80	(23.60)	18.49	19.56	7.88	12.05	(2.53)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ECO Okeanis Eco Tankers Corp.	$3.4B	8.4×	4.2×	+239.40% (above 0%: growing)	+602.38% (above 0%: growing)	+196.66% (above 0%: growing)	80.71%	74.97%	Compare
SBLK Star Bulk Carriers Corp.	$3.1B	10.9×	7.5×	+44.46% (above 0%: growing)	+433,233.33% (above 0%: growing)	+25.84% (above 0%: growing)	56.88%	43.38%	Compare
DAC Danaos Corporation	$2.9B	5.3×	4.7×	+4.66% (above 0%: growing)	+16.81% (above 0%: growing)	−81.11% (below 0%: shrinking)	72.84%	48.38%	Compare
NMM Navios Maritime Partners LP	$2.5B	5.7×	4.1×	+25.22% (above 0%: growing)	+147.01% (above 0%: growing)	+252.84% (above 0%: growing)	65.58%	39.64%	Compare
SFL SFL Corporation Ltd.	$1.9B	25.8×	29.6×	+4.25% (above 0%: growing)	+2,400.00% (above 0%: growing)	−18.32% (below 0%: shrinking)	63.23%	32.49%
CMRE Costamare Inc.	$1.7B	5.3×	6.3×	−4.00% (below 0%: shrinking)	−7.25% (below 0%: shrinking)	−269.21% (below 0%: shrinking)	71.38%	46.73%	Compare
GSL Global Ship Lease, Inc.	$1.5B	4.0×	3.9×	+3.56% (above 0%: growing)	−4.98% (below 0%: shrinking)	+0.47% (above 0%: growing)	68.06%	47.24%	Compare
CCEC Capital Clean Energy Carriers Corp.	$1.2B	10.9×	12.9×	+8.46% (above 0%: growing)	−5.88% (below 0%: shrinking)	−2,376.31% (below 0%: shrinking)	78.04%	50.63%	Compare
GNK Genco Shipping & Trading Limited	$1.1B	26.7×	10.6×	+68.54% (above 0%: growing)	n/m	+2,327.68% (above 0%: growing)	47.95%	15.95%	Compare
Median of peers	$2.1B	7.1×	5.5×	+16.84%	+16.81%	+13.16%	69.72%	46.99%

All 38 Marine Shipping stocks →

SFL Corporation Ltd. (SFL) key facts

Concern: SFL Corporation Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $733.0 million, down 18.9% from fiscal 2024.
Concern: SFL Corporation Ltd. reported a net loss of $26.4 million, or a loss of $0.20 per share, for fiscal 2025.
SFL Corporation Ltd. (SFL) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, SFL traded at $12.36, a market capitalization of $1.9 billion.
At that price the stock trades at 25.8× trailing-twelve-month earnings and 2.3× sales; its P/E is higher than 92% of its own readings over the past ten years.
SFL Corporation Ltd. pays an annual dividend of $0.84 per share, a yield of 6.80%, with a payout ratio of 175.0%.
Return on equity was −2.53% and debt-to-equity 2.30.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.40 (distress zone) for fiscal 2025.