DIANA SHIPPING INC. DSX
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.11
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.5M | $228.2M | $262.1M | $290.0M | $214.2M | $169.7M | $220.7M | $226.2M | $161.9M | $114.3M |
| Cost of revenue | — | — | — | — | $5.6M | $13.5M | $13.5M | — | — | — |
| Gross profit | — | — | — | — | $208.6M | $156.2M | $207.2M | — | — | — |
| SG&A | $34.1M | $33.4M | $33.0M | $29.4M | $29.2M | $32.8M | $28.6M | $29.5M | $26.3M | $25.5M |
| Operating income | $42.2M | $58.8M | $85.7M | $142.7M | $63.5M | -$112.7M | $17.6M | $38.2M | -$484.0M | -$88.3M |
| Interest expense | $43.0M | $47.5M | $49.3M | $27.4M | $20.2M | $21.5M | $29.4M | $30.5M | — | — |
| Net income | $17.8M | $12.7M | $49.8M | $119.1M | $57.4M | -$134.2M | -$10.5M | $16.6M | -$511.7M | -$164.2M |
| EPS, basic | 0.11 | 0.06 | 0.44 | 1.42 | 0.64 | -1.62 | -0.17 | — | — | — |
| EPS, diluted | 0.11 | 0.05 | 0.42 | 1.36 | 0.61 | -1.62 | -0.17 | 0.10 | -5.41 | -2.11 |
| Shares, diluted (wtd. avg.) | 110.5M | 118.7M | 101.9M | 83.3M | 84.9M | 86.1M | 95.2M | 104.7M | 95.7M | 80.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $50.5M | $124.7M | $101.6M | $97.4M | $126.8M | $82.9M | $128.3M | $151.4M | $65.8M | $121.1M |
| Receivables | $3.7M | $6.6M | $5.9M | $6.1M | $2.8M | $5.2M | $7.9M | $2.9M | $4.9M | $5.9M |
| Inventory | $4.1M | $4.2M | $5.1M | $4.5M | $6.1M | $4.7M | $5.5M | $5.8M | $5.8M | $5.9M |
| Total current assets | $244.9M | $206.6M | $182.2M | $140.6M | $125.6M | $104.7M | $137.0M | $142.0M | $138.8M | $115.3M |
| Property, plant and equipment | $777.9M | $833.4M | $900.2M | $949.6M | $643.5M | $716.2M | $882.3M | $991.4M | $1.05B | $1.40B |
| Total assets | $1.17B | $1.17B | $1.17B | $1.18B | $842.0M | $872.4M | $1.07B | $1.19B | $1.25B | $1.67B |
| Accounts payable | $10.6M | $9.0M | $9.7M | $11.2M | $9.8M | $8.6M | $11.4M | $11.1M | $8.0M | $6.6M |
| Short-term debt | $50.3M | $45.2M | $49.5M | $91.5M | $41.1M | $39.2M | $40.2M | $96.4M | $60.8M | $65.1M |
| Total current liabilities | $89.6M | $80.2M | $85.1M | $131.6M | $65.1M | $61.6M | $65.5M | $125.2M | $80.4M | $78.2M |
| Long-term debt | $472.5M | $469.4M | $461.1M | $431.0M | $382.5M | $381.1M | $434.7M | $434.1M | $540.6M | $533.1M |
| Retained earnings | -$628.5M | -$635.9M | -$613.9M | -$575.0M | -$590.3M | -$592.6M | -$452.6M | -$436.3M | -$447.1M | $70.4M |
| Total equity | $502.4M | $505.1M | $489.0M | $487.3M | $393.2M | $428.6M | $570.1M | $627.7M | $624.8M | $1.06B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $47.5M | $83.5M | $70.4M | $158.9M | $89.7M | $17.2M | $49.9M | $79.9M | $23.4M | -$21.0M |
| Depreciation and amortisation | $46.5M | $44.7M | $49.8M | $43.3M | $40.5M | $43.0M | $48.9M | $52.2M | $87.0M | $81.6M |
| Capital expenditure | — | — | $29.7M | $230.3M | $17.4M | $6.0M | $2.8M | $2.6M | $125.8M | $50.9M |
| Investing cash flow | -$32.0M | -$39.8M | $24.9M | -$273.1M | $13.4M | $10.5M | $38.4M | $99.4M | -$152.3M | -$41.6M |
| Financing cash flow | -$36.9M | -$21.7M | -$71.1M | $84.9M | -$59.2M | -$73.1M | -$111.4M | -$93.7M | $73.6M | -$9.5M |
| Dividends paid | $4.6M | $29.0M | $41.4M | $79.8M | $8.8M | — | — | — | — | — |
| Buybacks | $23.0M | $0 | $0 | $3.8M | $45.4M | $12.0M | $49.7M | $15.2M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001562762-26-000030.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114.3M | $161.9M | $226.2M | $220.7M | $169.7M | $214.2M | $290.0M | $262.1M | $228.2M | $213.5M |
| Gross profit | — | — | — | $207.2M | $156.2M | $208.6M | — | — | — | — |
| Net income | -$164.2M | -$511.7M | $16.6M | -$10.5M | -$134.2M | $57.4M | $119.1M | $49.8M | $12.7M | $17.8M |
Others in SIC 4412
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LPG | DORIAN LPG LTD. | $2.31B | 11.9x | 36.3% |
| GNK | GENCO SHIPPING & TRADING LTD | $1.12B | — | -19.1% |
| PANL | Pangaea Logistics Solutions Ltd. | $519.9M | 26.5x | 17.8% |
| SMHI | SEACOR Marine Holdings Inc. | $234.2M | — | -16.0% |
| FRO | Frontline plc | — | — | -8.8% |
| TK | TEEKAY CORP LTD | — | — | -22.2% |
| TEN | TSAKOS ENERGY NAVIGATION LTD | — | — | -0.7% |
| CCEC | Capital Clean Energy Carriers Corp. | — | — | — |