Company data sheet · Golden Ocean Group
Golden Ocean Group: from profit to three straight losses.
- Industry
- Water Transportation
- Headquarters
- Bermuda
- Sources
- SEC filings (1997–2025), Stratrix's verified Decision Cases, market data and official economic statistics for Bermuda
- Data as of
- October 18, 2026
- From profit to three straight losses. Golden Ocean Group earned $0 billion in 2014–2014. Then it lost money every year from 2015 to 2017: $0.4 billion in all. 2018 was its first profit in four years: $0.1 billion.
- Ahead of almost everyone like it. From 2016 to 2024, its revenue grew 277% in US dollars; the median among 223 large transportation and utility companies grew 48%. It outgrew 91% of them.
- Still smaller than it was. Revenue reached $1 billion in 2024, 20% below its 2021 peak of $1.2 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.3 billion | −$0.1 billion | |
| 2017 | $0.5 billion | −$0 billion | |
| 2018 | $0.7 billion | $0.1 billion | |
| 2019 | $0.7 billion | $0 billion | |
| 2020 | $0.6 billion | −$0.1 billion | |
| 2021 | $1.2 billion | $0.5 billion | |
| 2022 | $1.1 billion | $0.5 billion | |
| 2023 | $0.9 billion | $0.1 billion | |
| 2024 | $1 billion | $0.2 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
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- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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