Is the business good?
How good a business is GSL?
Global Ship Lease, Inc. earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
16%
Return on invested capital · cost of capital 9.0% · 6.5 points above what the capital costs: growth creates value
- Operating margin
- 57%
Operating margin · Marine Shipping median 28% · fiscal year to FY2025
- Cash conversion
- 1.24×
Cash conversion · 1.18× a year ago · every dollar of reported profit arrived as cash, and more
| Year | Operating margin |
|---|---|
| FY2020 | 37% |
| FY2021 | 53% |
| FY2022 | 55% |
| FY2023 | 51% |
| FY2024 | 53% |
| FY2025 | 57% |
Details›
- Operating marginfiscal year to FY2025
- 57%
- Net marginfiscal year to FY2025
- 54%
- Free cash flow margin
- 67%
- Revenue, trailing twelve months
- $766M
- Free cash flow, trailing twelve months
- $514M
- Net income, trailing twelve months
- $416M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 16%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.