For fiscal 2025 (ended Dec 31, 2025), SFL Corporation Ltd reported $733.04M of revenue and -$26.43M of net income.
SFL revenue was $733.04M for fiscal 2025 (ended Dec 31, 2025), down 18.9% from fiscal 2024. Compound annual growth was +9.2% over 5 years and +6.1% over 10 years. It rose in 8 of the last 10 fiscal years.
SFL net income was -$26.43M for fiscal 2025 (ended Dec 31, 2025), compared with $130.65M in fiscal 2024.
SFL diluted EPS was -$0.20 for fiscal 2025 (ended Dec 31, 2025), compared with $1.01 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $733.04M | $904.40M | $752.29M | $670.39M | $513.40M | $471.05M | $458.85M | $418.71M | $380.88M | $412.95M |
| Operating income | $136.68M | $306.72M | $240.18M | $275.47M | $242.84M | -$138.17M | $137.78M | $117.61M | $154.63M | $168.09M |
| Interest expense | $180.53M | $182.99M | $167.01M | $117.34M | - | - | - | - | - | - |
| Pre-tax income | -$24.55M | $141.28M | $87.26M | $202.77M | $164.34M | -$228.71M | $72.12M | $58.99M | $77.44M | $118.64M |
| Income tax | $1.88M | $10.63M | $3.32M | $0 | $0 | - | - | - | - | - |
| Net income | -$26.43M | $130.65M | $83.94M | $202.77M | $164.34M | -$224.43M | $89.18M | $73.62M | $101.21M | $146.41M |
| EPS, basic | -$0.20 | $1.01 | $0.67 | $1.60 | $1.35 | -$2.06 | $0.83 | $0.70 | $1.06 | $1.57 |
| EPS, diluted | -$0.20 | $1.01 | $0.66 | $1.53 | $1.30 | -$2.06 | $0.83 | $0.69 | $1.03 | $1.50 |
| Diluted shares | 133.1M | 130.0M | 126.6M | 137.4M | 139.4M | 109.0M | 107.7M | 107.6M | 102.9M | 108.0M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $150.83M | $134.55M | $165.49M | $188.36M | $153.96M | $224.40M | $203.02M | $212.39M | $153.05M | $62.38M |
| Receivables | $11.57M | $36.82M | $41.19M | $20.00M | $11.13M | $6.67M | $4.58M | $2.98M | $12.58M | $3.55M |
| Inventory | $13.79M | $17.39M | $11.73M | $16.39M | $10.12M | $8.81M | $7.93M | $8.55M | $5.13M | $5.08M |
| Current assets | $259.22M | $316.02M | $298.06M | $296.98M | $250.32M | $356.44M | $390.49M | $413.58M | $317.69M | $278.43M |
| Total assets | $3.64B | $4.11B | $3.73B | $3.86B | $3.46B | $3.09B | $3.89B | $3.88B | $3.01B | $2.94B |
| Current liabilities | $710.33M | $827.86M | $969.20M | $1.06B | $400.32M | $576.53M | $365.84M | $404.13M | $343.75M | $238.97M |
| Short-term debt | $605.94M | $689.04M | $432.92M | $921.27M | $302.77M | $484.96M | $253.06M | $267.15M | $313.82M | $174.90M |
| Long-term debt | $1.96B | $2.15B | $1.71B | $1.28B | $1.59B | $1.16B | $1.36B | $1.17B | $1.19B | $1.38B |
| Total debt | $2.57B | $2.84B | $2.15B | $2.20B | $1.89B | $1.65B | $1.61B | $1.44B | $1.50B | $1.55B |
| Total liabilities | $2.68B | $2.98B | $2.69B | $2.77B | $2.48B | $2.30B | $2.78B | $2.70B | $1.82B | $1.80B |
| Shareholders' equity | $960.86M | $1.13B | $1.04B | $1.09B | $982.33M | $795.65M | $1.11B | $1.18B | $1.19B | $1.13B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $267.14M | $369.86M | $343.09M | $355.13M | $293.60M | $276.48M | $249.71M | $200.97M | $177.80M | $230.07M |
| Investing cash flow | $188.09M | -$617.50M | -$103.89M | -$499.09M | -$389.05M | $176.34M | -$169.88M | -$866.56M | $48.36M | $39.40M |
| Financing cash flow | -$438.96M | $216.70M | -$262.06M | $178.37M | $25.02M | -$431.43M | -$89.20M | $724.93M | -$135.49M | -$277.26M |
| Dividends paid | $125.11M | $138.49M | $122.99M | $111.57M | $77.55M | $109.39M | $150.66M | $149.26M | $152.91M | $168.29M |
| Share repurchases | $10.03M | - | $10.17M | $0 | $0 | - | - | - | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -18.9% | 20.2% | 12.2% | 30.6% | 9.0% | 2.7% | 9.6% | 9.9% | -7.8% | 1.5% |
| Net income growth, YoY | - | 55.7% | -58.6% | 23.4% | - | - | 21.1% | -27.3% | -30.9% | -27.1% |
| EPS growth, YoY | - | 53.0% | -56.9% | 17.7% | - | - | 20.3% | -33.0% | -31.3% | -20.2% |
| Operating margin | 18.6% | 33.9% | 31.9% | 41.1% | 47.3% | -29.3% | 30.0% | 28.1% | 40.6% | 40.7% |
| Net margin | -3.6% | 14.4% | 11.2% | 30.2% | 32.0% | -47.6% | 19.4% | 17.6% | 26.6% | 35.5% |
| Return on equity | -2.8% | 11.6% | 8.1% | 18.6% | 16.7% | -28.2% | 8.1% | 6.2% | 8.5% | 12.9% |
| Return on assets | -0.7% | 3.2% | 2.2% | 5.3% | 4.8% | -7.3% | 2.3% | 1.9% | 3.4% | 5.0% |
| Current ratio | 0.36 | 0.38 | 0.31 | 0.28 | 0.63 | 0.62 | 1.07 | 1.02 | 0.92 | 1.17 |
| Debt to equity | 2.67 | 2.52 | 2.07 | 2.02 | 1.92 | 2.07 | 1.45 | 1.22 | 1.26 | 1.37 |
Source: XBRL data SFL Corporation Ltd files with the SEC, latest filing dated Mar 16, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SFL | $733.04M | -18.9% | -$26.43M | -3.6% | $1.45B |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |