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GSL

Global Ship Lease, Inc.

GSL

Global Ship Lease, Inc. • NYSE
$35.11 ▲ 0.17% (+0.06)
Market Cap $1.26 B
52w High $35.59
52w Low $17.73
Dividend Yield 2.50%
P/E 3.72
Volume 169.54K
Outstanding Shares 35.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $192.668M ▲ $3.745M ▲ $95.019M ▼ 49.317% ▼ $2.59 ▼ $138.612M ▲
Q2-2025 $188.54M ▲ $865K ▲ $95.437M ▼ 50.619% ▼ $2.61 ▼ $136.361M ▼
Q1-2025 $187.761M ▲ $-27.067M ▼ $123.394M ▲ 65.719% ▲ $3.4 ▲ $159.84M ▲
Q4-2024 $181.43M ▲ $3.091M ▲ $92.564M ▲ 51.019% ▲ $2.55 ▲ $131.096M ▲
Q3-2024 $172.546M $2.382M $81.147M 47.029% $2.22 $117.134M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $489.873M ▲ $2.668B ▲ $950.883M ▼ $1.717B ▲
Q2-2025 $479.594M ▲ $2.643B ▲ $1B ▼ $1.643B ▲
Q1-2025 $333.702M ▲ $2.576B ▲ $1.008B ▲ $1.568B ▲
Q4-2024 $167.525M ▼ $2.373B ▲ $909.764M ▲ $1.463B ▲
Q3-2024 $286.906M $2.238B $850.625M $1.387B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $95.019M ▼ $112.451M ▼ $-188.755M ▼ $-58.085M ▼ $-126.131M ▼ $109.196M ▼
Q2-2025 $95.437M ▼ $119.233M ▲ $-9.771M ▼ $-31.382M ▼ $78.08M ▼ $114.012M ▲
Q1-2025 $123.394M ▲ $102.814M ▼ $716K ▲ $66.841M ▲ $170.371M ▲ $33.604M ▲
Q4-2024 $92.564M ▲ $105.839M ▼ $-220.851M ▼ $-15.983M ▲ $-130.995M ▼ $-115.312M ▼
Q3-2024 $81.147M $118.212M $17.437M $-54.314M $81.335M $109.099M

Five-Year Company Overview

Income Statement

Income Statement Global Ship Lease’s income statement shows a company in a strong upswing. Revenue has grown meaningfully over the last five years, more than doubling, and profits have grown even faster. Both operating profit and net income margins look consistently high for a shipping business, suggesting disciplined cost control and favorable charter rates. Earnings per share have climbed each year, though the pace of growth recently looks a bit more measured than in the sharp upswing during the early 2020s. Overall, the profit profile is robust, but investors should remember that shipping is cyclical and current profitability may be above mid‑cycle levels.

Balance Sheet

Balance Sheet The balance sheet has strengthened considerably. Total assets have increased as the fleet has expanded and been upgraded, while shareholder equity has grown steadily, reflecting retained profits. Debt has been coming down from earlier peaks, which points to deliberate de‑leveraging and lower financial risk over time. Cash balances move around but appear adequate relative to the business model. In simple terms, the company looks financially sturdier today than it did several years ago, with a healthier mix of debt and equity supporting its assets.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been solid and rising over the period, underlining the quality of the earnings. Free cash flow has generally been positive, except in the year with unusually heavy investment in the fleet, when large capital spending temporarily outweighed operating inflows. Capital expenditures are lumpy, as is typical in shipping, but the pattern suggests management has been willing to invest heavily when opportunities arise while still keeping room for surplus cash in most years. The cash flow profile supports both reinvestment and balance sheet repair, provided market conditions stay reasonable.

Competitive Edge

Competitive Edge Global Ship Lease competes as a specialist lessor of containerships, relying on long‑term, fixed‑rate charters to major container lines. This model gives it more predictable revenue than operators exposed to short‑term spot rates, creating a form of stability in a volatile industry. The focus on mid‑sized and smaller “workhorse” ships, rather than only the very largest vessels, anchors it in trade lanes where demand is more diversified and often structurally tighter on supply. Its emphasis on reliable, fuel‑efficient ships and collaborative data‑sharing with charterers helps it behave more like a strategic partner than a simple ship owner. Key risks remain: dependence on a relatively concentrated group of customers, exposure to shipping cycles when charters roll off, and ongoing pressure to keep the fleet compliant with tightening environmental rules.

Innovation and R&D

Innovation and R&D While Global Ship Lease is not a classic R&D‑heavy company, it is actively applying technology to differentiate its fleet. The use of onboard sensors, satellite connectivity, and data analytics aims to improve routing, fuel efficiency, and maintenance planning. The program of retrofitting ships with energy‑saving technologies shows a practical, returns‑focused form of innovation that also addresses climate and regulatory pressures. These moves support longer, more attractive charters and can stretch vessel useful life. Looking ahead, the company appears cautious on unproven propulsion and alternative fuels, preferring to optimize today’s assets while monitoring emerging technologies such as advanced analytics, green fuels, and even more speculative options like nuclear propulsion. That prudence limits technology risk but could require meaningful capital outlays when the industry eventually standardizes on next‑generation solutions.

Summary

Overall, Global Ship Lease looks like a disciplined ship‑leasing business that has benefited from a strong charter market and used that window to improve its financial footing. Profitability and cash generation have been robust, leverage has been trending lower, and the fleet is being upgraded with efficiency and environmental technologies. Its long‑term charter model and focus on versatile, in‑demand vessels provide a measure of resilience in a notoriously cyclical sector. The main uncertainties revolve around the timing and severity of future shipping downturns, the cost of complying with evolving environmental standards, and the need to eventually commit capital to new propulsion technologies. The company’s recent track record suggests a careful, risk‑aware approach, but results will continue to be shaped by global trade volumes and charter rate cycles that are outside its control.

NEWS

November 10, 2025 · 8:00 AM UTC

Global Ship Lease Reports Results for the Third Quarter of 2025

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October 29, 2025 · 4:15 PM UTC

Global Ship Lease Announces Third Quarter 2025 Earnings Release, Conference Call and Webcast

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October 15, 2025 · 4:15 PM UTC

Global Ship Lease Issues Statement Regarding China-Specific Port Fees and US Ownership

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October 2, 2025 · 4:15 PM UTC

Global Ship Lease to Participate in Capital Link's 17th Annual New York Maritime Forum

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September 10, 2025 · 4:15 PM UTC

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

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