Global Ship Lease (GSL) Financial Statements & Analysis

Global Ship Lease (GSL) Income Statement

Global Ship Lease reported revenue of $752.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.7% from $705.53M a year earlier. Net income was $416.45M, up 21.0% year over year, a net margin of 55.3%. Gross margin was 52.8% and operating margin 49.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $192.26M, up 2.0% from the same quarter a year earlier.

Global Ship Lease Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Global Ship Lease, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	752.97	705.53	666.72	604.49	402.52	282.27	261.10	157.10	158.99
Cost of Revenue	355.52	214.79	202.80	188.60	204.97	113.99	140.72	86.30	81.44
Gross Profit	397.44	496.26	471.99	457.05	197.56	168.29	120.38	70.80	77.55
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	22.08	17.13	18.22	18.53	13.24	8.35	8.82	9.22	5.30
Operating Expenses	22.08	117.12	128.77	102.86	-39.96	54.79	8.82	9.22	5.25
Operating Income	375.36	379.14	343.22	354.19	237.52	113.50	111.57	-10.26	-15.32
Other Income/Expense
Interest Income	19.19	16.74	9.78	2.51	0.45	0.96	1.79	1.43	0.49
Interest Expense	38.97	-33.45	-23.21	-75.29	69.23	-65.35	74.99	48.69	59.39
Other Income/Expense	60.87	-25.51	-38.27	-61.31	-65.97	1.25	-71.73	-118.88	-146.50
Income
Income Before Tax	416.46	353.63	304.95	292.88	171.55	41.61	39.84	-57.31	-74.23
Income Tax Expense	0.00	0.00	-0.45	0.05	0.06	0.05	0.00	0.06	0.04
Net Income	416.46	344.09	294.96	283.39	171.50	41.56	39.84	-57.36	-74.27
Net Income - Continuous Operations	416.46	353.63	304.50	292.93	171.50	41.56	39.84	-57.36	-74.27
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	577.38	449.32	426.41	384.29	302.34	154.12	160.68	26.83	23.17
EBIT	455.42	379.14	362.05	357.22	240.78	113.50	-	-	-
Depreciation & Amortization	121.96	70.18	64.36	27.07	61.56	40.62	45.85	35.46	37.98
Earnings Per Share
Basic EPS	11.00	10.00	8.00	8.00	5.00	1.00	1.00	-8.00	-11.00
Diluted EPS	11.00	10.00	8.00	8.00	5.00	1.00	1.00	-8.00	-11.00
Basic Shares Outstanding	35.71	35.32	35.41	36.60	35.13	17.69	12.11	7.44	6.92
Diluted Shares Outstanding	35.71	35.58	35.93	37.20	35.51	17.75	12.16	7.44	6.92

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Global Ship Lease Financial Statements

What was Global Ship Lease's revenue in fiscal 2025?

Global Ship Lease reported revenue of $752.97M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.7% from $705.53M a year earlier.

Is Global Ship Lease profitable?

Yes. Global Ship Lease earned net income of $416.45M in fiscal 2025, a net margin of 55.3%. In fiscal 2024 it earned $344.09M.

What is Global Ship Lease's operating margin?

Global Ship Lease's operating income was $375.36M on revenue of $752.97M in fiscal 2025, an operating margin of 49.9%, compared with 53.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition