Genco Shipping & Trading
GNK
$21.23
Share price
0.05%
Change (1 day)
33.35%
Change (1 year)
Categories
Operating Margin for Genco Shipping & Trading (GNK)
Operating Margin as of April 2024 (TTM): 24.31%
According to Genco Shipping & Trading's latest financial reports and stock price the company's current Operating Margin is 24.31%. At the end of 2021 the company had an Operating Margin of 33.27%.
Operating Margin history for Genco Shipping & Trading from 2005 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2021 | 33.27% | -152.45% |
| 2020 | -63.44% | 341.37% |
| 2019 | -14.37% | 60.37% |
| 2018 | -8.96% | -68% |
| 2017 | -28.00% | -82.51% |
| 2016 | -160.08% | -2.41% |
| 2015 | -164.04% | |
| 2013 | -68.20% | -1.35% |
| 2012 | -69.13% | -1125.02% |
| 2011 | 6.74% | -79.72% |
| 2010 | 33.26% | -40.02% |
| 2009 | 55.46% | -14.16% |
| 2008 | 64.61% | -8.61% |
| 2007 | 70.70% | 33.95% |
| 2006 | 52.78% | -10.24% |
| 2005 | 58.80% | -2.75% |
| 2004 | 60.47% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Performance Shipping
PSHG | 48.29% | 98.64% | 🇬🇷 Greece |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.