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U.S. Marine and Shipping Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies35
  • 7D1.2%
  • 3M14.6%
  • 1Y43.7%
  • YTD29.1%

Over the last 7 days, the Marine and Shipping industry has risen 1.2%, driven by gains from Matson of 6.2%. This means that the industry has gained 44% over the past year. Looking forward, earnings are forecast to grow by 2.7% annually.

Industry Valuation and Performance

Has the U.S. Marine and Shipping Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$32.5bUS$22.0bUS$3.0b13x10.9x1.5x
Sun, 10 May 2026US$33.0bUS$22.3bUS$3.1b12.4x10.5x1.5x
Tue, 07 Apr 2026US$31.1bUS$22.2bUS$3.1b8.5x9.9x1.4x
Thu, 05 Mar 2026US$32.0bUS$22.9bUS$3.7b7.3x8.5x1.4x
Sat, 31 Jan 2026US$29.2bUS$24.3bUS$3.5b6.7x8.4x1.2x
Mon, 29 Dec 2025US$25.7bUS$24.2bUS$3.4b6.1x7.5x1.1x
Wed, 26 Nov 2025US$24.8bUS$24.2bUS$3.4b7.3x7.3x1x
Fri, 24 Oct 2025US$21.0bUS$25.3bUS$4.5b7.1x4.6x0.8x
Sun, 21 Sep 2025US$22.3bUS$25.3bUS$4.5b8.4x4.9x0.9x
Tue, 19 Aug 2025US$24.0bUS$26.8bUS$5.0b10.1x4.8x0.9x
Thu, 17 Jul 2025US$24.8bUS$26.8bUS$5.2b5.7x4.7x0.9x
Sat, 14 Jun 2025US$24.4bUS$26.8bUS$5.2b5.7x4.7x0.9x
Mon, 12 May 2025US$22.2bUS$26.5bUS$5.3b4x4.2x0.8x
Wed, 09 Apr 2025US$20.3bUS$25.4bUS$5.5b3.5x3.7x0.8x
Fri, 07 Mar 2025US$24.3bUS$24.4bUS$4.8b3.9x5x1x
Sun, 02 Feb 2025US$25.1bUS$24.2bUS$5.0b3.5x5x1x
Tue, 31 Dec 2024US$25.1bUS$24.2bUS$5.0b4x5x1x
Thu, 28 Nov 2024US$28.3bUS$24.2bUS$5.0b4.4x5.7x1.2x
Sat, 26 Oct 2024US$28.3bUS$22.0bUS$1.4b5x20.6x1.3x
Mon, 23 Sep 2024US$28.9bUS$22.0bUS$1.4b5.9x21.1x1.3x
Wed, 21 Aug 2024US$28.6bUS$22.1bUS$1.4b6.1x20.9x1.3x
Fri, 19 Jul 2024US$29.6bUS$21.4bUS$606.6m7.9x48.8x1.4x
Sun, 16 Jun 2024US$28.6bUS$21.4bUS$604.0m8.1x47.3x1.3x
Tue, 14 May 2024US$28.7bUS$21.1bUS$342.4m8.1x84x1.4x
Thu, 11 Apr 2024US$24.3bUS$20.7bUS$304.0m7.6x79.8x1.2x
Sat, 09 Mar 2024US$24.6bUS$22.1bUS$854.1m8x28.9x1.1x
Mon, 05 Feb 2024US$23.2bUS$22.4bUS$1.1b5.1x22x1x
Wed, 03 Jan 2024US$22.1bUS$22.3bUS$1.0b5.5x21.3x1x
Fri, 01 Dec 2023US$19.7bUS$22.3bUS$1.0b5.3x18.9x0.9x
Sun, 29 Oct 2023US$18.7bUS$24.0bUS$5.1b3.2x3.7x0.8x
Tue, 26 Sep 2023US$19.8bUS$24.9bUS$5.2b3.2x3.8x0.8x
Thu, 24 Aug 2023US$19.7bUS$25.1bUS$5.4b2.6x3.6x0.8x
Sat, 22 Jul 2023US$20.1bUS$27.9bUS$7.5b2.5x2.7x0.7x
Mon, 19 Jun 2023US$19.7bUS$27.9bUS$7.5b2.6x2.6x0.7x
Price to Earnings Ratio

2.6x


Total Market Cap: US$19.7bTotal Earnings: US$7.5bTotal Revenue: US$27.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Marine and Shipping Industry Price to Earnings3Y Average 16.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Shipping industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.9x which is lower than its 3-year average PE of 16.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have declined 26% per year over the last three years,
  • Revenues have also declined 7.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-2.36%
Industrials-0.96%
Marine and Shipping1.19%
Marine1.19%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MATX MatsonUS$198.986.2%
+US$353.8m		73.6%PE14x
ZIM ZIM Integrated Shipping ServicesUS$25.911.8%
+US$55.4m		56.4%PE31.9x
CMRE CostamareUS$16.032.8%
+US$53.1m		74.4%PE5.7x
SB Safe BulkersUS$6.755.5%
+US$35.8m		75.3%PE22.6x
GSL Global Ship LeaseUS$38.682.0%
+US$27.4m		48.0%PE3.7x

Latest News

GSL
US$38.68
Global Ship Lease
7D
2.0%
1Y
48.0%
Seeking Alpha • 5h

Global Ship Lease: I Prefer The Common Shares Over The Preferred Shares

Summary Global Ship Lease maintains a robust balance sheet with just $150M in net debt, supporting its position as a leading container vessel lessor. GSL is investing more than $900M in 10 new mid-sized vessels, all chartered upon delivery, enhancing earnings visibility and rejuvenating its aging fleet. First quarter results remain strong, with $198M in revenue and $91.4M in net income attributable to common shareholders, or $2.54 per share. I remain long GSL common shares, favoring them over preferreds due to call risk, and would add on weakness given sector exposure and balance sheet strength. Read the full article on Seeking Alpha
GNK
US$23.69
Genco Shipping & Trading
7D
-1.7%
1Y
69.5%
KEX
US$140.32
Kirby
7D
-1.7%
1Y
24.6%
Seeking Alpha • Jun 11

Kirby Corporation: Time To Lighten Your Shares As Valuation Approaches Its Limit

Summary Kirby Corporation delivered strong Q1 2026 results, with revenue up 7.4% YoY despite oil market volatility. KEX's Distribution and Services segment, especially power generation, is a growing buffer against oil and gas volatility, now comprising 44% of segment revenue. Valuation is nearly fully priced at a 21.98x P/E, with a target price of $148.11 and limited further upside. I downgrade KEX from buy to hold as technicals show emerging selling pressure and the risk-reward balance shifts. Read the full article on Seeking Alpha
CMRE
US$16.03
Costamare
7D
2.8%
1Y
74.4%
Seeking Alpha • Jun 11

Costamare: The Business Has Improved, The Relative Case Has Not

Summary Costamare has surged over 70% since my last update on strong containership charter rates but remains less attractive than peers. CMRE boasts highly predictable revenues, with 97% and 94% of the fleet fixed for 2026 and 2027, and $6.2 billion in contracted revenues. Despite long-term charters and a sizable newbuild program, CMRE’s higher leverage and lower dividend yield weaken its relative appeal. I remain neutral on CMRE due to its capital allocation focus on expansion over shareholder returns, especially compared to DAC and ESEA. Read the full article on Seeking Alpha
MATX
US$198.98
Matson
7D
6.2%
1Y
73.6%
ZIM
US$25.91
ZIM Integrated Shipping Services
7D
1.8%
1Y
56.4%
CCEC
US$21.51
Capital Clean Energy Carriers
7D
-7.1%
1Y
0.1%
CMDB
US$17.60
Costamare Bulkers Holdings
7D
4.8%
1Y
70.4%
Seeking Alpha • Jun 09

Costamare Bulkers: Cleaner Deck, But Still Lacks A Compass

Summary Costamare Bulkers has benefited from surging dry bulk rates, driving improved Q1 results and higher operating income. CMDB’s transfer of its volatile trading portfolio to Cargill simplifies its business model and reduces risk, enhancing visibility. Despite trading at a discount to book value and holding strong liquidity, CMDB lacks a clear capital return or dividend strategy. I remain on the sidelines due to concerns over capital allocation, prioritization of growth over returns, and insufficient investor communication. Read the full article on Seeking Alpha
SB
US$6.75
Safe Bulkers
7D
5.5%
1Y
75.3%
ESEA
US$67.83
Euroseas
7D
2.8%
1Y
55.6%
Narrative Update • Jun 03

ESEA: Future Charter Coverage And Newbuild Program Will Support Cash Flows

Euroseas' analyst price target has been revised slightly higher to $88.67 from $88.33, with analysts citing updated assumptions for discount rate, revenue growth, profit margin and future P/E to support the change. Analyst Commentary Analysts covering Euroseas have adjusted their assumptions around discount rate, revenue growth, profit margin and future P/E to support the slightly higher price target, and their commentary highlights a mix of upside potential and execution risks that readers should weigh.
CTRM
US$2.13
Castor Maritime
7D
-5.3%
1Y
-7.8%
TORO
US$5.16
Toro
7D
-0.8%
1Y
158.0%
EDRY
US$21.94
EuroDry
7D
-2.1%
1Y
146.0%
HTCO
US$5.79
High-Trend International Group
7D
99.7%
1Y
5.8%
SVRN
US$9.99
OceanPal
7D
-13.9%
1Y
-97.2%
NCT
US$2.97
Intercont (Cayman)
7D
-25.6%
1Y
-96.4%