SFL Corporation Ltd. SFL R2K

Industrials · Marine Shipping · Bermuda

https://www.sflcorp.com

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.

Market & Price

Market Cap

$1.47B

Current Price

$11.04

High / Low (52W)

$12.57 / $6.59

Beta

0.46

Valuation

Stock P/E

46.00

Industry PE

28.38

Forward P/E

23.03

PEG Ratio

Book Value

$7.24

Price to Book

1.53

P/S

2.08

EV/EBITDA

9.44

Dividend Yield

7.97%

Profitability & Returns

ROCE

5.14%

ROE

3.12%

ROA

2.93%

Profit Margin

4.46%

Op Margin

25.94%

EPS (Latest Qtr)

$0.20

EPS (TTM)

$0.24

Balance Sheet & Liquidity

Debt/Equity

2.60

Quick Ratio

0.21

Current Ratio

0.32

Debt

$2.50B

Total Assets

$3.64B

Current Assets

$259.22M

Working Capital

$-451.11M

Ownership

Promoter Holding

17.66%

Chg in Prom Hold

FII / Inst Holding

42.56%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$3.84B

Total Revenue (TTM)

$707.35M

EBITDA

$406.59M

Free Cash Flow

$191.35M

Operating Cash Flow

$222.62M

Shares Outstanding

132.99M

Gross Margin

58.50%

Payout Ratio

362.50%

Growth (CAGR)

Revenue 5Y

3.11%

Profit 5Y

-37.68%

Revenue (YoY)

-6.70%

Earnings (YoY)

PROS

Attractive dividend yield of 7.97%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -37.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SFL SFL Corporation Ltd. R2K	11.04	46.00	$1.47B	7.97%	5.14%	3.12%	3.11%	-37.68%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	185.29M	187.61M	175.21M	170.69M	172.90M
Cost of Revenue	136.71M	146.97M	125.84M	127.25M	122.04M
Gross Profit	48.59M	40.64M	49.37M	43.44M	50.86M
Operating Expenses	3.83M	90.00K	1.19M	-72.00K	6.01M
Operating Income	44.76M	40.55M	48.18M	43.51M	44.85M
EBITDA	77.02M	108.40M	111.19M	97.92M	119.31M
Interest Expense	47.19M	47.44M	45.77M	42.94M	38.14M
Pretax Income	-31.08M	1.93M	8.50M	-3.90M	26.71M
Tax Provision	792.00K	467.00K	-133.00K	756.00K	630.00K
Net Income	-31.87M	1.46M	8.63M	-4.65M	26.08M
Diluted EPS	-0.24	0.01	0.07	-0.04	0.20

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	655.65M	738.13M	891.62M	718.80M
Cost of Revenue	-	392.97M	507.82M	582.48M	536.77M
Gross Profit	-	262.68M	230.32M	309.14M	182.03M
Operating Expenses	-	8.83M	7.15M	10.64M	4.58M
Operating Income	-	253.85M	223.17M	298.50M	177.46M
EBITDA	-	507.93M	468.33M	560.09M	385.59M
Interest Expense	-	117.34M	167.01M	179.63M	175.14M
Pretax Income	-	202.77M	87.26M	141.28M	-24.55M
Tax Provision	-	0	3.32M	10.63M	1.88M
Net Income	-	202.77M	83.94M	130.65M	-26.43M
Diluted EPS	-	1.60	0.67	1.01	-0.20

Compounded Sales Growth

5 Years:	3.11%
1 Year:	-6.70%

Compounded Profit Growth

5 Years:	-37.68%
1 Year:	-

Stock Price Performance

1 Year:	+37.76%
6 Months:	+39.44%
3 Months:	+4.11%
1 Month:	-0.84%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	3.86B	3.73B	4.11B	3.64B
Current Assets	-	296.98M	298.06M	316.02M	259.22M
Cash & Equivalents	-	188.36M	165.49M	134.55M	150.83M
Inventory	-	16.39M	11.73M	17.39M	13.79M
Receivables	-	20.00M	41.19M	36.82M	11.57M
Total Liabilities	-	2.77B	2.69B	2.98B	2.68B
Current Liabilities	-	1.06B	969.20M	827.86M	710.33M
Long Term Debt	-	1.28B	1.71B	2.15B	1.96B
Total Debt	-	2.67B	2.57B	2.84B	2.57B
Total Equity	-	1.09B	1.04B	1.13B	960.86M
Shares Outstanding	-	138.56M	138.56M	146.80M	135.15M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	355.12M	343.09M	369.86M	267.14M
Investing Cash Flow	-	-499.09M	-103.89M	-617.50M	188.09M
Financing Cash Flow	-	178.37M	-262.06M	216.70M	-438.96M
Capital Expenditure	-	-602.50M	-264.42M	-644.86M	-70.48M
Free Cash Flow	-	-247.37M	78.67M	-275.00M	196.66M
Net Change in Cash	-	34.40M	-22.87M	-30.94M	16.28M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	40.1%	31.2%	34.7%	25.3%
Operating Margin %	-	38.7%	30.2%	33.5%	24.7%
Net Margin %	-	30.9%	11.4%	14.7%	-3.7%
ROE %	-	18.6%	8.1%	11.6%	-2.8%
ROCE %	-	9.1%	8.1%	9.1%	6.1%

Shareholding Pattern

Insiders

17.66%

Institutions

42.56%

Public Float

51.70%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Dimensional Fund Advisors LP	6.09%	8.81M	$97.21M
2	Blackrock Inc.	4.47%	6.47M	$71.39M
3	Mirae Asset Global ETFs Holdings Ltd.	2.39%	3.46M	$38.15M
4	American Century Companies Inc	1.88%	2.72M	$29.98M
5	Bank Of New York Mellon Corporation	1.55%	2.23M	$24.67M
6	State Street Corporation	1.43%	2.06M	$22.76M
7	Geode Capital Management, LLC	1.04%	1.51M	$16.64M
8	Citadel Advisors Llc	1.04%	1.50M	$16.58M
9	Goldman Sachs Group Inc	0.82%	1.19M	$13.15M
10	Bridgeway Capital Management, LLC	0.74%	1.07M	$11.77M

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SFL · Industrials