GSL Chart
About

Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 10, 2025, it owned 70 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 404,681 TEU. The company was formerly known as Marathon Acquisition Corp. and changed its name to Global Ship Lease, Inc. in August 2008. Global Ship Lease, Inc. was founded in 2007 and is based in Athens, Greece.

Fundamentals
Scroll to Statements
Sector Industrials Industry Marine Shipping Market Cap 1.39B
Enterprise Value 1.67B Income 396.88M Sales 747.04M
Book/sh 48.00 Cash/sh 13.91 Dividend Yield 6.22%
Payout 17.62% Employees 7 IPO —
P/E 3.51 Forward P/E 4.12 PEG —
P/S 1.86 P/B 0.81 P/C —
EV/EBITDA 3.48 EV/Sales 2.23 Quick Ratio 1.86
Current Ratio 2.19 Debt/Eq 42.25 LT Debt/Eq —
EPS (ttm) 11.07 EPS next Y 9.41 EPS Growth 16.50%
Revenue Growth 9.70% Earnings 2026-05-18 ROA 10.12%
ROE 26.18% ROIC — Gross Margin 69.58%
Oper. Margin 52.41% Profit Margin 54.40% Shs Outstand 35.77M
Shs Float 32.52M Short Float 2.51% Short Ratio 2.62
Short Interest — 52W High 41.40 52W Low 17.73
Beta 0.90 Avg Volume 364.42K Volume 586.07K
Target Price $40.00 Recom Buy Prev Close $38.52
Price $38.81 Change 0.75%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$40.00
Mean price target
2. Current target
$38.81
Latest analyst target
3. DCF / Fair value
$36.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$38.81
Low
$32.00
High
$48.00
Mean
$40.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-06 main B. Riley Securities Buy → Buy $48
2025-11-10 main Jefferies Buy → Buy $39
2025-08-05 main Jefferies Buy → Buy $33
2025-05-19 main Jefferies Buy → Buy $30
2025-03-05 main Jefferies Buy → Buy $29
2024-11-11 main Jefferies Buy → Buy $29
2024-08-05 main Jefferies Buy → Buy $29
2024-05-16 main Jefferies Buy → Buy $29
2024-03-04 reit Jefferies Buy → Buy $25
2023-05-10 reit Jefferies Buy → Buy $25
2023-03-01 reit Jefferies — → Buy $25
2022-08-05 main Jefferies — → Buy $25
2021-11-10 main Jefferies — → Buy $32
2021-07-16 init Deutsche Bank — → Buy $23
2021-06-09 main Jefferies — → Buy $24
2021-02-12 init Jefferies — → Buy $18
2020-04-24 main B. Riley Securities — → Buy $12
2019-09-30 init B. Riley Securities — → Buy $15
2019-04-09 init Clarkson Capital Markets — → Buy $9
2015-02-20 init Seaport Global — → Neutral —
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-14.62-35.56K1.26M2.54K
TaxRateForCalcs0.000.000.190.00
NormalizedEBITDA499.47M465.70M442.81M294.57M
TotalUnusualItems-5.17M-24.20M6.65M7.77M
TotalUnusualItemsExcludingGoodwill-5.17M-24.20M6.65M7.77M
NetIncomeFromContinuingOperationNetMinorityInterest353.63M304.50M292.93M171.50M
ReconciledDepreciation99.99M91.73M81.30M61.56M
ReconciledCostOfRevenue314.78M294.53M269.90M204.97M
EBITDA494.30M441.50M449.47M302.34M
EBIT394.31M349.77M368.16M240.78M
NetInterestIncome-23.94M-35.05M-72.78M-68.78M
InterestExpense40.68M44.82M75.29M69.23M
InterestIncome16.73M9.78M2.51M449.00K
NormalizedIncome358.80M328.67M287.54M163.73M
NetIncomeFromContinuingAndDiscontinuedOperation353.63M304.50M292.93M171.50M
TotalExpenses331.92M312.75M288.43M218.21M
TotalOperatingIncomeAsReported379.14M343.22M354.19M237.52M
DilutedAverageShares35.32M35.41M35.99M36.46M
BasicAverageShares35.32M35.41M35.99M36.46M
DilutedEPS9.748.337.874.48
BasicEPS9.748.337.874.48
DilutedNIAvailtoComStockholders344.09M294.96M283.39M163.23M
NetIncomeCommonStockholders344.09M294.96M283.39M163.23M
PreferredStockDividends9.54M9.54M9.54M8.26M
NetIncome353.63M304.50M292.93M171.50M
NetIncomeIncludingNoncontrollingInterests353.63M304.50M292.93M171.50M
NetIncomeContinuousOperations353.63M304.50M292.93M171.50M
TaxProvision1.00K448.00K-50.00K56.00K
PretaxIncome353.63M304.95M292.88M171.55M
OtherIncomeExpense3.96M-13.97M49.59M56.01M
OtherNonOperatingIncomeExpenses9.13M10.23M42.94M48.24M
SpecialIncomeCharges0.00-18.83M-3.03M7.77M
GainOnSaleOfPPE0.000.007.77M
ImpairmentOfCapitalAssets0.0018.83M3.03M0.00
GainOnSaleOfSecurity-5.17M-5.37M9.69M
NetNonOperatingInterestIncomeExpense-23.94M-35.05M-72.78M-68.78M
InterestExpenseNonOperating40.68M44.82M75.29M69.23M
InterestIncomeNonOperating16.73M9.78M2.51M449.00K
OperatingIncome373.61M353.97M316.06M184.32M
OperatingExpense17.13M18.22M18.53M13.24M
SellingGeneralAndAdministration17.13M18.22M18.53M13.24M
GeneralAndAdministrativeExpense17.13M18.22M18.53M13.24M
OtherGandA17.13M18.22M18.53M13.24M
GrossProfit390.75M372.19M334.59M197.56M
CostOfRevenue314.78M294.53M269.90M204.97M
TotalRevenue705.53M666.72M604.49M402.52M
OperatingRevenue705.53M666.72M604.49M402.52M
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber4.36M4.36M4.36M4.36M
OrdinarySharesNumber35.45M35.19M35.99M36.46M
ShareIssued35.45M35.19M35.99M36.46M
NetDebt533.97M645.42M814.26M1.00B
TotalDebt684.06M812.43M934.39M1.07B
TangibleBookValue1.46B1.18B966.49M712.55M
InvestedCapital2.14B1.97B1.90B1.78B
WorkingCapital37.24M15.24M-24.72M-101.41M
NetTangibleAssets1.46B1.18B966.49M712.55M
CapitalLeaseObligations8.72M28.36M34.41M178.34M
CommonStockEquity1.46B1.18B966.49M712.55M
TotalCapitalization2.00B1.80B1.71B1.59B
TotalEquityGrossMinorityInterest1.46B1.18B966.49M712.55M
StockholdersEquity1.46B1.18B966.49M712.55M
GainsLossesNotAffectingRetainedEarnings8.62M19.34M31.48M227.00K
OtherEquityAdjustments8.62M19.34M31.48M227.00K
RetainedEarnings773.76M488.11M246.39M13.50M
AdditionalPaidInCapital680.74M676.59M688.26M698.46M
CapitalStock355.00K351.00K359.00K365.00K
CommonStock355.00K351.00K359.00K365.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest909.76M987.39M1.14B1.28B
TotalNonCurrentLiabilitiesNetMinorityInterest645.76M706.95M877.96M1.04B
OtherNonCurrentLiabilities49.43M5.66M14.22M55.38M
NonCurrentDeferredLiabilities57.55M82.11M119.18M101.29M
NonCurrentDeferredRevenue57.55M82.11M119.18M101.29M
LongTermDebtAndCapitalLeaseObligation538.78M619.17M744.56M880.13M
LongTermCapitalLeaseObligation141.66M
LongTermDebt538.78M619.17M744.56M880.13M
CurrentLiabilities264.00M280.44M261.77M244.76M
CurrentDeferredLiabilities44.74M40.33M12.57M8.50M
CurrentDeferredRevenue44.74M40.33M12.57M8.50M
CurrentDebtAndCapitalLeaseObligation145.28M193.25M189.83M190.32M
CurrentCapitalLeaseObligation8.72M28.36M34.41M36.67M
CurrentDebt136.56M164.89M189.83M190.32M
OtherCurrentBorrowings136.56M164.89M155.42M153.64M
PayablesAndAccruedExpenses73.98M46.86M59.37M45.95M
CurrentAccruedExpenses46.93M28.54M36.04M32.25M
InterestPayable6.62M8.16M9.36M3.69M
Payables27.06M18.32M23.33M13.70M
OtherPayable14.03M2.70M3.65M5.25M
DuetoRelatedPartiesCurrent723.00K717.00K572.00K543.00K
AccountsPayable12.30M14.90M19.11M7.91M
TotalAssets2.37B2.17B2.11B1.99B
TotalNonCurrentAssets2.07B1.88B1.87B1.85B
OtherNonCurrentAssets70.82M109.20M152.46M117.48M
NonCurrentDeferredAssets91.94M73.72M54.66M37.63M
FinancialAssets5.97M16.87M33.86M6.69M
NetPPE1.90B1.68B1.63B1.69B
AccumulatedDepreciation-404.21M-328.51M-262.85M-195.32M
GrossPPE2.31B2.00B1.89B1.88B
ConstructionInProgress18.63M12.21M4.88M6.14M
MachineryFurnitureEquipment2.29B1.99B1.89B1.88B
CurrentAssets301.24M295.68M237.05M143.36M
OtherCurrentAssets28.61M25.76M15.79M16.30M
HedgingAssetsCurrent14.44M24.64M29.64M533.00K
RestrictedCash55.58M56.80M28.36M24.89M
PrepaidAssets3.34M14.70M17.98M8.92M
Inventory18.91M15.76M12.24M11.41M
OtherInventories18.91M15.76M12.24M11.41M
Receivables12.84M5.37M4.36M6.12M
DuefromRelatedPartiesCurrent342.00K626.00K673.00K2.90M
AccountsReceivable12.50M4.74M3.68M3.22M
CashCashEquivalentsAndShortTermInvestments167.53M152.64M128.68M75.18M
OtherShortTermInvestments26.15M14.00M8.55M7.90M
CashAndCashEquivalents141.38M138.64M120.13M67.28M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow187.65M222.53M318.25M-223.68M
RepurchaseOfCapitalStock-4.99M-21.97M-20.03M-10.00M
RepaymentOfDebt-477.45M-202.35M-563.60M-507.55M
IssuanceOfDebt344.50M76.00M410.00M767.21M
IssuanceOfCapitalStock445.00K0.000.00118.78M
CapitalExpenditure-242.49M-152.47M-9.23M-471.64M
InterestPaidSupplementalData55.42M68.00M51.49M49.53M
EndCashPosition247.62M280.71M269.93M195.64M
BeginningCashPosition280.71M269.93M195.64M92.26M
ChangesInCash-33.09M10.78M74.29M103.38M
FinancingCashFlow-208.59M-212.24M-243.31M318.45M
CashFlowFromContinuingFinancingActivities-208.59M-212.24M-243.31M318.45M
NetOtherFinancingCharges-3.12M-1.14M-9.65M-13.79M
CashDividendsPaid-67.97M-62.78M-60.03M-36.20M
PreferredStockDividendPaid-9.54M-9.54M-9.54M-8.26M
CommonStockDividendPaid-58.44M-53.25M-50.50M-27.94M
NetPreferredStockIssuance0.000.00-17.00K51.23M
PreferredStockPayments0.000.00-17.00K
PreferredStockIssuance0.0051.23M
NetCommonStockIssuance-4.55M-21.97M-20.01M57.55M
CommonStockPayments-4.99M-21.97M-20.01M-10.00M
CommonStockIssuance445.00K0.000.0067.55M
NetIssuancePaymentsOfDebt-132.95M-126.35M-153.60M259.66M
NetShortTermDebtIssuance-107.06M629.00M
ShortTermDebtPayments-167.06M-115.50M
ShortTermDebtIssuance60.00M744.51M
NetLongTermDebtIssuance-132.95M-126.35M-153.60M259.66M
LongTermDebtPayments-477.45M-202.35M-563.60M-507.55M
LongTermDebtIssuance344.50M76.00M410.00M767.21M
InvestingCashFlow-254.64M-151.98M-9.88M-463.02M
CashFlowFromContinuingInvestingActivities-254.64M-151.98M-9.88M-463.02M
NetInvestmentPurchaseAndSale-12.15M-5.45M-650.00K-7.90M
PurchaseOfInvestment-12.15M-5.45M-650.00K-7.90M
NetBusinessPurchaseAndSale0.00
PurchaseOfBusiness0.00
NetPPEPurchaseAndSale-229.65M-126.95M-3.77M-450.51M
SaleOfPPE0.005.94M0.0016.51M
PurchaseOfPPE-229.65M-132.89M-3.77M-467.03M
CapitalExpenditureReported-12.84M-19.59M-5.46M-4.61M
OperatingCashFlow430.15M375.01M327.48M247.95M
CashFlowFromContinuingOperatingActivities430.15M375.01M327.48M247.95M
ChangeInWorkingCapital-2.48M-19.20M-6.16M68.17M
ChangeInOtherWorkingCapital-19.86M-9.11M24.22M103.05M
ChangeInOtherCurrentAssets-249.00K0.00-15.37M-7.00M
ChangeInPayablesAndAccruedExpense16.24M-5.89M11.84M10.42M
ChangeInPayable16.24M-5.89M11.84M10.42M
ChangeInAccountPayable16.24M-5.89M11.84M10.42M
ChangeInInventory-3.14M-3.53M-827.00K-5.09M
ChangeInReceivables4.54M-669.00K-26.02M-33.21M
ChangesInAccountReceivables4.54M-669.00K-26.02M-33.21M
OtherNonCashItems-39.46M-40.68M-45.16M-49.01M
StockBasedCompensation8.70M10.19M10.10M3.51M
AssetImpairmentCharge0.0018.83M3.03M0.00
AmortizationOfSecurities4.59M4.27M1.12M0.00
DepreciationAmortizationDepletion99.99M91.73M81.30M61.56M
DepreciationAndAmortization99.99M91.73M81.30M61.56M
AmortizationCashFlow-45.43M
AmortizationOfIntangibles-45.43M
Depreciation99.99M91.73M81.30M61.56M
OperatingGainsLosses5.17M5.37M-9.69M-7.77M
GainLossOnInvestmentSecurities5.17M5.37M-9.69M
GainLossOnSaleOfPPE0.000.00-7.77M
NetIncomeFromContinuingOperations353.63M304.50M292.93M171.50M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for GSL
Date User Asset Broker Type Position Size Entry Price Patterns