Global Ship Lease, Inc. income statement GSL

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Global Ship Lease, Inc. reported revenue of $766.5 million, up 7.8% from the year before. Net income was $416.5 million, a profit margin of 54.3%. Operating income came to $435.1 million, an operating margin of 56.8%. Across the 8 fiscal years shown, revenue grew from $166.8 million in fiscal 2016 to $766.5 million in fiscal 2025, about 24.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	766 +7.8%	711 +5.4%	675 +4.5%	646 +44.1%	448	—	—	157 -1.4%	159 -4.5%	167 +428.5%
Selling, general and administrative	22 +28.9%	17 -6.0%	18 -1.7%	19 +39.9%	13 +58.6%	8 -5.3%	9 -4.4%	9 +71.8%	5 -13.8%	6 -3.9%
Operating income	435 +14.8%	379 +10.5%	343 -3.1%	354 +49.1%	238 +126.7%	105 -6.1%	112 +1187.4%	-10 +33.2%	-15 +25.7%	-21 -207.4%
Other income (expense)	-19 +26.8%	-26 +33.3%	-38 +37.6%	-61 +7.1%	-66 -4.5%	-63 +12.0%	-72 -52.4%	-47	—	—
Pretax income	416 +17.8%	354 +16.0%	305 +4.1%	293	—	42 +4.4%	40 +169.5%	-57 +22.8%	-74 -14.1%	-65 -125.6%
Income tax	0 -100.0%	0 -99.8%	0 +996.0%	-0 -189.3%	0 +14.3%	0 +1533.3%	0 -94.5%	0 +37.5%	0 -13.0%	0 +21.1%
Net income	416 +17.8%	354 +16.1%	304 +4.0%	293 +70.8%	171 +312.6%	42 +4.3%	40 +169.4%	-57 +22.8%	-74 -14.1%	-65 -125.4%
Net income to common	407 +18.3%	344 +16.7%	295 +4.1%	283 +73.6%	163 +334.5%	38 +2.2%	37 +160.8%	-60 +21.9%	-77 -13.5%	-68 -113.4%
Other measures
Depreciation and amortization	122 +22.0%	100 +9.0%	92 +12.8%	81 +32.1%	62 +31.0%	47 +7.0%	44 +23.9%	35 -6.7%	38 -11.3%	43 -4.6%
EBITDA	557 +16.3%	479 +10.2%	435 -0.1%	435 +45.6%	299 +97.1%	152 -2.4%	155 +517.1%	25 +11.3%	23 +2.3%	22 -65.5%
Interest coverage	—	17.63x	59.55x	—	—	—	—	—	-0.26x	-0.46x
Margins
Operating margin	56.77%	53.32%	50.86%	54.86%	53.02%	—	—	-6.53%	-9.64%	-12.39%
Pretax margin	54.34%	49.73%	45.19%	45.36%	—	—	—	-36.48%	-46.60%	-38.99%
Profit margin	54.34%	49.73%	45.12%	45.37%	38.28%	—	—	-36.52%	-46.63%	-39.02%
EBITDA margin	72.68%	67.38%	64.46%	67.45%	66.77%	—	—	16.04%	14.21%	13.26%
Effective tax rate	0.00%	0.00%	0.15%	-0.02%	—	0.12%	0.01%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Deep Sea Foreign Transportation of Freight (SIC 4412)
Listed as: GSL (NYSE), GSL-PB (NYSE)
Fiscal year ends: December 31
Incorporated in: Marshall Islands
Headquarters: Kifisia, Athens
SEC filer status: Large accelerated filer
SEC CIK: 1430725
Former names: GSL Holdings, Inc. (until Aug 12, 2008)

Other Deep Sea Foreign Transportation of Freight companies

Frontline plc FRO
Cmb.tech NV CMBT
Scorpio Tankers Inc. STNG
TORM plc TRMD
DHT Holdings, Inc. DHT
Okeanis Eco Tankers Corp. ECO
ZIM Integrated Shipping Services Ltd. ZIM
Star Bulk Carriers Corp. SBLK

All 47 Deep Sea Foreign Transportation of Freight companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.