SFL Corp Ltd. (SFL)
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, oil products transportation, container transportation, car transportation, and drilling rigs. As of December 31, 2025, the company owned 17 tankers, two dry bulk carriers, 21 container vessels, seven car carriers, and two drilling rigs. It primarily operates in Bermuda, Canada, Cyprus, Liberia, Namibia, Norway, Singapore, the United Kingdom, and the Marshall Islands. SFL Corporation Ltd. was formerly known as Ship Finance International Limited and changed its name to SFL Corporation Ltd. in September 2019. The company was incorporated in 2003 and is based in Hamilton, Bermuda.
- Symbol
- SFL
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Marine Shipping
- Market cap
- $1.85B
- 52 week range
- 6.73 - 13.98
Valuation
- Share price
- $12.70 (close of 2026-09-23)
- P/E (TTM)
- -63.95x
- Price to book
- 1.92x
- Price to free cash flow
- 6.92x
- Enterprise value
- $4.26B
- Book value per share
- $6.65
Price performance
| Period | Change |
|---|
| 1 day | -5.86% |
| 5 days | -4.30% |
| 1 month | +2.50% |
| 3 months | +10.53% |
| 6 months | +19.25% |
| Year to date | +62.61% |
| 1 year | +60.76% |
| 3 years | +14.62% |
| 5 years | +61.17% |
| 10 years | -13.55% |
| All time | -13.31% |
Profitability and growth
- Return on equity
- -2.75%
- Return on invested capital
- 3.99%
- Return on assets
- -0.73%
- Return on capital employed
- 4.67%
- Gross margin
- 18.65%
- Net margin
- -3.61%
- EBITDA margin
- 50.70%
- Revenue growth
- -18.95%
- Net income growth
- -120.23%
- Free cash flow growth
- -27.77%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 14.45%
- Current ratio
- 0.36x
- Net debt to EBITDA
- 6.26x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $733.04M
- Cost of revenue
- $596.36M
- Gross profit
- $136.68M
- EBITDA
- $371.68M
- Net income
- $-26.43M
- Earnings per share
- $-0.20
- Shares outstanding
- 133.06M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $733.04M | $136.68M | $-26.43M | $-0.20 |
| 2024-12-31 | $904.40M | $306.72M | $130.65M | $1.01 |
| 2023-12-31 | $752.29M | $240.18M | $83.94M | $0.67 |
| 2022-12-31 | $670.39M | $275.47M | $202.77M | $1.60 |
| 2021-12-31 | $513.40M | $242.84M | $164.34M | $1.35 |
| 2020-12-31 | $471.05M | - | $-224.43M | $-2.06 |
| 2019-12-31 | $458.85M | $137.78M | $89.18M | $0.83 |
| 2018-12-31 | $418.71M | $117.61M | $73.62M | $0.70 |
| 2017-12-31 | $380.88M | $154.63M | $101.21M | $1.06 |
| 2016-12-31 | $412.95M | $168.09M | $146.41M | $1.57 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 18.65% | -3.61% | -2.75% | 3.99% |
| 2024-12-31 | 33.91% | 14.45% | 11.58% | 7.72% |
| 2023-12-31 | 31.93% | 11.16% | 8.08% | 6.89% |
| 2022-12-31 | 41.09% | 30.25% | 18.58% | 7.70% |
| 2021-12-31 | 47.30% | 32.01% | 16.73% | 7.47% |
| 2020-12-31 | - | -47.64% | -28.21% | -4.93% |
| 2019-12-31 | 30.03% | 19.43% | 8.06% | 3.80% |
| 2018-12-31 | 28.09% | 17.58% | 6.24% | 5.07% |
| 2017-12-31 | 40.60% | 26.57% | 8.47% | 6.31% |
| 2016-12-31 | 40.70% | 35.45% | 12.91% | 6.71% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $150.83M | $1.96B |
| 2024-12-31 | $134.55M | $2.15B |
| 2023-12-31 | $165.49M | $1.71B |
| 2022-12-31 | $188.36M | $1.28B |
| 2021-12-31 | $145.62M | $1.59B |
| 2020-12-31 | $215.44M | $1.16B |
| 2019-12-31 | $199.52M | $1.36B |
| 2018-12-31 | $298.57M | $1.17B |
| 2017-12-31 | $246.85M | $1.19B |
| 2016-12-31 | $180.87M | $1.38B |
Free cash flow by year
| Period end | Free cash flow |
|---|
| 2025-12-31 | $267.14M |
| 2024-12-31 | $369.86M |
| 2023-12-31 | $343.09M |
| 2022-12-31 | $355.13M |
| 2021-12-31 | $293.60M |
| 2020-12-31 | $276.48M |
| 2019-12-31 | $249.71M |
| 2018-12-31 | $200.97M |
| 2017-12-31 | $177.80M |
| 2016-12-31 | $230.07M |
Dividend history
- Most recent payment
- 2026-09-09
- Paid in the last twelve months
- $0.64
| Payment date | Dividend per share |
|---|
| 2026-09-09 | $0.22 |
| 2026-05-27 | $0.22 |
| 2026-03-12 | $0.20 |
| 2025-06-12 | $0.27 |
| 2025-03-12 | $0.27 |
| 2024-12-13 | $0.27 |
| 2024-09-11 | $0.27 |
| 2024-05-24 | $0.27 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-11
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-05-12 | Mar/2026 | - |
| 2025-11-12 | - | - |
| 2025-08-19 | - | - |
| 2025-05-14 | - | - |
| 2025-02-12 | - | - |
| 2024-11-06 | - | - |
| 2024-08-14 | - | - |
| 2024-05-14 | - | - |
Filings and sources
- Company website
- sflcorp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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