Golden Ocean Group Ltd. | Small-cap | Industrials
$7.61
0.93%
| Golden Ocean Stock Comparison:
Golden Ocean vs KirbyGolden Ocean vs MatsonGolden Ocean vs Star Bulk CarriersGolden Ocean vs BW LPGGolden Ocean vs DanaosGolden Ocean vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 968.4M
Gross Profit 317.2M 32.76%
Operating Income 292.9M 30.25%
Net Income 223.2M 23.05%
EPS (Diluted) $1.12

Balance Sheet Metrics

Total Assets 3.4B
Total Liabilities 1.5B
Shareholders Equity 1.9B
Debt to Equity 0.78

Cash Flow Metrics

Operating Cash Flow 366.3M
Free Cash Flow 263.8M

Revenue & Profitability Trend

Golden Ocean Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 968.4M 885.8M 1.1B 1.2B 607.9M
Cost of Goods Sold 651.2M 675.9M 691.8M 675.0M 563.9M
Gross Profit 317.2M 209.9M 421.7M 528.2M 44.0M
Operating Expenses 24.3M 18.7M 20.8M 20.2M 10.8M
Operating Income 292.9M 191.2M 400.9M 508.0M 33.3M
Pre-tax Income 223.8M 112.8M 462.2M 527.6M -137.5M
Income Tax 548.0K 541.0K 379.0K 389.0K 131.0K
Net Income 223.2M 112.3M 461.8M 527.2M -137.7M
EPS (Diluted) $1.12 $0.56 $2.29 $2.73 -$0.96

Income Statement Trend

Golden Ocean Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 286.5M 278.9M 299.1M 369.4M 284.5M
Non-Current Assets 3.1B 3.2B 3.0B 3.1B 2.4B
Total Assets 3.4B 3.5B 3.3B 3.5B 2.7B
Liabilities
Current Liabilities 234.4M 226.2M 211.6M 248.1M 241.7M
Non-Current Liabilities 1.2B 1.3B 1.1B 1.3B 1.1B
Total Liabilities 1.5B 1.6B 1.3B 1.5B 1.4B
Equity
Total Shareholders Equity 1.9B 1.9B 1.9B 1.9B 1.4B

Balance Sheet Composition

Golden Ocean Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 223.2M 112.3M 461.8M 527.2M -137.7M
Operating Cash Flow 366.3M 238.7M 594.2M 593.7M 18.6M
Investing Activities
Capital Expenditures -8.2M -382.7M 66.5M -391.0M -25.3M
Investing Cash Flow -8.2M -381.8M 72.8M -390.0M -19.2M
Financing Activities
Dividends Paid -239.9M -100.0M -471.7M -320.7M -7.2M
Financing Cash Flow -344.5M 95.3M -649.0M -136.1M -109.6M
Free Cash Flow 263.8M -211.2M 442.4M 115.4M 115.4M

Cash Flow Trend

Golden Ocean Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 13.35
Forward P/E 4.30
Price to Book 0.83
Price to Sales 1.79
PEG Ratio 4.30

Profitability Ratios

Profit Margin 13.16%
Operating Margin -13.63%
Return on Equity 6.06%
Return on Assets 3.43%

Financial Health

Current Ratio 0.81
Debt to Equity 79.13
Beta 1.13

Per Share Data

EPS (TTM) $0.57
Book Value per Share $9.16
Revenue per Share $4.32

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
gogl 1.5B 13.35 0.83 6.06% 13.16% 79.13
Kirby 6.4B 22.50 1.94 8.96% 9.02% 0.38
Matson 3.6B 7.36 1.37 20.48% 14.72% 26.81
Star Bulk Carriers 2.0B 8.90 0.81 11.09% 18.62% 57.83
BW LPG 1.8B 6.47 1.03 17.41% 7.63% 58.91
Danaos 1.6B 3.51 0.46 14.14% 46.33% 22.04

Financial data is updated regularly. All figures are in the company's reporting currency.