Global Ship Lease, Inc.
GSL, GSL-PB · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $38.51 — last insider sale, 2026-04-07 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B83Highly profitable containership lessor with top-decile returns and margins and a conservative balance sheet.
Strengths
- ROA 14.5% (~93rd pct), ROE 23% (90th pct), OCF margin 69% (97th pct)
- Net/operating margins ~89th pct with low debt/equity (0.30) and good liquidity
Risks
- Cyclical, undiversified charter model with multiple charters rolling off in 2026
- Reliance on related-party ship managers (conflict-of-interest exposure); large industry orderbook pressures future rates
Notable findings
- Restatement• Our Fourth Amended and Restated Bylaws include forum selection provisions for certain disputes between us and our shareholders, which could limit our shareholders’ ability to obtain a favorable 8-K ↗
- Strong balance sheetStrong balance sheet — $274M cash & investments
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
Key metrics
Operating margin
56.8%
Net margin
54.3%
Return on equity
23.1%
Return on assets
14.6%
ROIC
14.7%
Revenue growth (QoQ)
7.8%
Net-income growth
17.8%
Debt / equity
0.3×
Net debt / EBITDA
0.5×
Current ratio
2.0×
EBITDA
$557M
Tangible book value
$1.8B
Cash & investments
$274M
Stock comp / revenue
1.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-07 | Giannopoulos Georgios | Sell | 7.7K | $38.51 |
| 2026-03-25 | Psaropoulos Anastasios | Sell | 23K | $39.00 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-16 | 2025-12-31 | 0001140361-26-009637 ↗ |
| 20-F | 2025-03-18 | 2024-12-31 | 0001140361-25-009158 ↗ |
| 20-F | 2024-03-20 | 2023-12-31 | 0001140361-24-014377 ↗ |
| 20-F | 2023-03-23 | 2022-12-31 | 0001193125-23-076993 ↗ |
| 20-F | 2022-03-24 | 2021-12-31 | 0000919574-22-002390 ↗ |
| 20-F | 2021-03-19 | 2020-12-31 | 0001193125-21-087502 ↗ |
| 20-F | 2020-04-02 | 2019-12-31 | 0001193125-20-096272 ↗ |
| 20-F | 2019-03-29 | 2018-12-31 | 0001193125-19-092952 ↗ |
| 20-F | 2018-03-29 | 2017-12-31 | 0001564590-18-007059 ↗ |
| 20-F | 2017-04-12 | 2016-12-31 | 0001193125-17-121381 ↗ |
| 20-F | 2016-04-15 | 2015-12-31 | 0001193125-16-543227 ↗ |
| 20-F | 2015-04-21 | 2014-12-31 | 0001193125-15-139908 ↗ |