GSL Financials Global Ship Lease, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 16, 2026, 09:56 UTC Overview →

Growth & profitability

Revenue has grown 22.1% per year over the past 5 years.
Net income has grown faster than revenue (58.6% vs 22.1% per year).
Operating margin has expanded, at 56.8% in the latest year.

Financial health

Total debt ($689M) exceeds cash ($274M); net debt is $415M.
Total debt has grown slower than revenue (-2.5% vs 22.1% per year).
Operating income covered interest expense 11× in the latest year, up from 1.6× 5 years ago.
Total debt is 1.2× EBITDA.

Shareholder returns

Dividends have been paid for 5 consecutive years, consuming 18.3% of earnings.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$766M	$416M	0.0%	56.8%	23.1%	14.6%	—	$689M	$274M
2024	$711M	$354M	0.0%	53.3%	24.2%	14.9%	$423M	$684M	$141M
2023	$675M	$305M	0.0%	50.9%	25.7%	14.0%	—	$823M	$139M
2022	$646M	$293M	0.0%	54.9%	30.3%	13.9%	—	$950M	$120M
2021	$448M	$171M	0.0%	53.0%	24.1%	8.6%	—	$1.1B	$67M
2020	$283M	$42M	0.0%	37.0%	8.9%	3.3%	—	$782M	$81M
2019	$261M	$40M	0.0%	42.7%	9.8%	2.9%	—	$913M	$138M
2018	$157M	-$57M	0.0%	-6.5%	-18.1%	-4.7%	$36M	$877M	$82M
2017	$159M	-$74M	0.0%	-9.6%	-29.5%	-11.0%	$67M	$399M	$73M
2016	$167M	-$65M	0.0%	-12.4%	-19.8%	-8.4%	$72M	—	$54M
2015	$165M	-$29M	0.0%	11.7%	-7.3%	-3.2%	—	—	$54M
2014	$139M	$6M	0.0%	30.5%	1.4%	0.7%	—	—	$33M
2013	—	$33M	—	—	8.1%	3.8%	—	$366M	$25M
2012	—	$32M	—	—	8.7%	3.5%	—	$426M	$26M
2011	—	$9M	—	—	2.7%	1.0%	—	$484M	$26M

Net income

Return on equity & assets (ROE / ROA)

ROEROA

Shareholders' equity (book value)

Equity

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '20	—	$14M	—	—	3.2%	1.0%	—	$845M	$74M
Mar '20	—	$2M	—	—	0.4%	—	—	—	—
Jun '19	—	$9M	—	—	2.7%	0.7%	—	$865M	$75M
Mar '19	—	$10M	—	—	3.2%	—	—	—	—
Jun '18	—	$5M	—	—	1.8%	—	—	—	—
Mar '18	—	$5M	—	—	1.9%	—	—	—	—

Valuation over time

How the market has priced GSL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 2.3× (Mar '23) to 3.5× (Nov '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.9× (Nov '26).
The dividend yield has fallen from 7.5% (Mar '23) to 5.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GSL growing its revenue and profit?

Over the past 5 years, Global Ship Lease, Inc.'s revenue has grown 22.1% per year, and net income grown 58.6% per year. These are computed facts, not advice.

How much debt does GSL have?

As of FY2025, Global Ship Lease, Inc. reported $689M of total debt against $274M of cash; operating income covered interest expense 11×.

What is GSL's profit margin?

In FY2025, gross margin was —, operating margin 56.8%, and net margin 54.3%.

What is GSL's P/E ratio?

Global Ship Lease, Inc.'s P/E (TTM) is 3.48 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GSL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 3.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.