GSL (Global Ship Lease, Inc.) Stock Financials & Earnings | Market Cap Arena

GSL (Global Ship Lease, Inc.) Stock Financials & Earnings | Market Cap Arena

GSLGlobal Ship Lease, Inc.

Mkt Cap$1B

Industrials·Marine Shipping·🇬🇧 United Kingdom·NYSE

Revenue (TTM)$760M

Net Income (TTM)$416M

EPS (TTM)$11.39

Free Cash Flow (TTM)$359M

Gross Margin53.2%

Op. Margin54.9%

Net Margin54.8%

FCF Margin47.2%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)3.4x

YoY Rev Growth+7.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$156M	$87M	$85M
Q2 23	$160M	$88M	$85M
Q3 23	$173M	$97M	$94M
Q4 23	$177M	$101M	$79M
Q1 24	$180M	$102M	$97M
Q2 24	$173M	$96M	$94M
Q3 24	$173M	$95M	$92M
Q4 24	$181M	$99M	$96M
Q1 25	$188M	$101M	$128M
Q2 25	$189M	$103M	$102M
Q3 25	$193M	$103M	$99M
Q4 25	$191M	$97M	$88M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	4.8x
Q2 23	2.2x	4.5x
Q3 23	2.2x	4.6x
Q4 23	2.1x	4.7x
Q1 24	2.1x	4.4x
Q2 24	2.0x	4.3x
Q3 24	2.0x	4.3x
Q4 24	2.0x	4.0x
Q1 25	2.0x	3.7x
Q2 25	2.0x	3.6x
Q3 25	1.9x	3.5x
Q4 25	1.9x	3.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$87M	$82M
Q2 23	$107M	-$34M
Q3 23	$87M	$78M
Q4 23	$105M	$96M
Q1 24	$101M	$95M
Q2 24	$105M	$99M
Q3 24	$118M	$109M
Q4 24	$106M	-$115M
Q1 25	$103M	$34M
Q2 25	$119M	$114M
Q3 25	$112M	$109M
Q4 25	$194M	$102M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$4M
Q2 23	$141M
Q3 23	$9M
Q4 23	$10M
Q1 24	$5M
Q2 24	$7M
Q3 24	$9M
Q4 24	$221M
Q1 25	$69M
Q2 25	$5M
Q3 25	$3M
Q4 25	$92M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+10.8%	+24.2%
Q2 23	+11.5%	+24.8%
Q3 23	+6.0%	+28.2%
Q4 23	+13.3%	+37.9%
Q1 24	+15.2%	+16.4%
Q2 24	+8.2%	+5.8%
Q3 24	-0.3%	+1.9%
Q4 24	+2.3%	-13.3%
Q1 25	+4.6%	-28.1%
Q2 25	+8.7%	+8.9%
Q3 25	+11.7%	+16.3%
Q4 25	+5.2%	+20.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	1.7%
Q2 23	$3M	1.6%
Q3 23	$3M	1.4%
Q4 23	$3M	1.4%
Q1 24	$2M	1.3%
Q2 24	$0	0.0%
Q3 24	$2M	1.2%
Q4 24	$2M	1.2%
Q1 25	$2M	1.1%
Q2 25	$2M	1.1%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$5M	—
Q2 23	$5M	—
Q3 23	$4M	—
Q4 23	$4M	—
Q1 24	$5M	—
Q2 24	$4M	—
Q3 24	$4M	—
Q4 24	$4M	—
Q1 25	$5M	—
Q2 25	$4M	—
Q3 25	—	$4M
Q4 25	—	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$149M	$10M	$159M
Q2 23	$130M	$13M	$142M
Q3 23	$160M	$14M	$174M
Q4 23	$139M	$14M	$153M
Q1 24	$228M	$14M	$242M
Q2 24	$230M	$53M	$283M
Q3 24	$260M	$26M	$287M
Q4 24	$141M	$26M	$168M
Q1 25	$323M	$10M	$334M
Q2 25	$465M	$15M	$480M
Q3 25	$289M	$201M	$490M
Q4 25	$324M	$199M	$523M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	36M	+1.0%
Q2 23	35M	-2.9%
Q3 23	35M	-0.1%
Q4 23	35M	-0.4%
Q1 24	36M	+1.2%
Q2 24	35M	-1.3%
Q3 24	35M	+0.7%
Q4 24	35M	+0.1%
Q1 25	36M	+0.4%
Q2 25	36M	+0.1%
Q3 25	36M	+0.4%
Q4 25	36M	+0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$17M	8
FY 15	$21M	8
FY 16	$21M	8
FY 17	$18M	9
FY 18	$14M	11
FY 19	$37M	7
FY 20	$40M	7
FY 21	$58M	7
FY 22	$86M	7
FY 23	$95M	7
FY 24	$101M	7
FY 25	$109M	7