DSX-PB IndustrialsBeta data

Diana Shipping Inc.

$26.57-0.30%

Price as of close on Nov 2, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Marine Shipping
Country: Greece
Enterprise value: 3.5B USD

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: more debt relative to equity (1.10× vs a peer median of 0.40×)more debt vs equity (1.10× vs peers 0.40×)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,681 of 2,308 industrials companies (bottom 28%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 13% from December 2022 to December 2025.
Diana Shipping had 13% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Diana Shipping had 13% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Diana Shipping's fiscal-year revenue declined in each of the three years to 2025.
Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue −26%, operating profit −70%.Since 2022: revenue −26%, operating profit −70%.
Since 2022, Diana Shipping's revenue changed −26% while operating profit fell 70%: costs rose faster than sales.
Revenue is falling. Revenue fell 3.7% in the 12 months to June 2026 vs the 12 months before.
Diana Shipping's revenue fell 3.7% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

39/ 100

Oct 5 39 → Nov 4 39

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

26/100

Weak▼ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 27 → 26

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.5%

Yahoo Finance · trailing 12 monthsReported value30% base weight · Z-score -0.08Sector median: 0.0377 · MAD: 0.0294

EBITDA yield2.2%

Yahoo Finance · trailing 12 monthsReported value50% base weight · Z-score -1.12Sector median: 0.0695 · MAD: 0.0425

Free cash flow yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield18.1%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

14/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0709 · MAD: 0.2481

3-year revenue growth-9.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -2.16Sector median: 0.0421 · MAD: 0.0625

Revenue growth-3.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.05Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

67/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin19.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.27Sector median: 0.0773 · MAD: 0.0507

Return on assets5.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.80Sector median: 0.0311 · MAD: 0.0241

Return on invested capital3.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.69Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin56.7%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity11.5%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 48 → 47

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Beta
▲ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.46

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.66Sector median: 0.6440 · MAD: 0.2745

Current ratio2.05×

Yahoo FinanceReported value33% base weight · Z-score 0.80Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.10×

Yahoo FinanceReported value33% base weight · Z-score -2.06Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Diana Shipping

Is Diana Shipping getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.
How is Diana Shipping valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 26/100 against 2,459 industrials peers. EBITDA yield 2.2% vs a peer median of 6.9% (weaker than 80% of peers).EBITDA yield 2.2% vs peers 6.9% (weaker than 80% of peers).
Is Diana Shipping growing?: More slowly than most of its peers. Growth scores 14/100 against 2,459 industrials peers. 3-year revenue growth -9.3% vs a peer median of 4.2% (weaker than 90% of peers).3-year revenue growth -9.3% vs peers 4.2% (weaker than 90% of peers).
How profitable is Diana Shipping?: More profitable than most of its peers. Profitability scores 67/100 against 2,459 industrials peers. Operating margin 19.2% vs a peer median of 7.7% (stronger than 87% of peers).Operating margin 19.2% vs peers 7.7% (stronger than 87% of peers). Return on invested capital 3.3% vs a peer median of 7.1% (weaker than 70% of peers).Return on invested capital 3.3% vs peers 7.1% (weaker than 70% of peers).
How risky is Diana Shipping?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.46 vs a peer median of 0.64 (stronger than 70% of peers).Beta 0.46 vs peers 0.64 (stronger than 70% of peers). Debt / equity 1.10× vs a peer median of 0.40× (weaker than 79% of peers).Debt / equity 1.10× vs peers 0.40× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Dec 31, 2025

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	213.5M USD	215.9M USD	+1.1%
Net income (12 months)	17.8M USD	60.2M USD	+237.7%
Operating margin	19.8%	19.2%	−0.5 pts
Debt	522.8M USD	497.7M USD	−4.8%
Cash	50.5M USD	48.7M USD	−3.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	97.4%	—	—	—	—	—
Operating margin	29.7%	49.2%	32.7%	25.8%	19.8%	▼ 6.0 pts
Net margin	26.8%	41.1%	19.0%	5.6%	8.3%	▲ 2.8 pts
Return on assets (ROA)	6.8%	10.1%	4.3%	1.1%	1.5%	▲ 0.4 pts
Return on equity (ROE)	14.6%	24.4%	10.2%	2.5%	3.5%	▲ 1.0 pts
Free cash flow margin	33.8%	-24.6%	15.5%	35.0%	21.5%	▼ 14 pts
Current ratio	1.93×	1.07×	2.14×	2.58×	2.73×	▲ 6.1%
Quick ratio	1.84×	1.03×	2.08×	2.52×	2.69×	▲ 6.5%
Debt to equity	1.08×	1.07×	1.04×	1.02×	1.04×	▲ 2.1%
Interest coverage	3.14×	5.20×	1.74×	1.24×	0.98×	▼ 21%

DSX-PB price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: more debt relative to equity (1.10× vs a peer median of 0.40×)more debt vs equity (1.10× vs peers 0.40×)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,681 of 2,308 industrials companies (bottom 28%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 13% from December 2022 to December 2025.

Diana Shipping had 13% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Diana Shipping had 13% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

Diana Shipping's fiscal-year revenue declined in each of the three years to 2025.

Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue −26%, operating profit −70%.Since 2022: revenue −26%, operating profit −70%.

Since 2022, Diana Shipping's revenue changed −26% while operating profit fell 70%: costs rose faster than sales.

Revenue is falling. Revenue fell 3.7% in the 12 months to June 2026 vs the 12 months before.

Diana Shipping's revenue fell 3.7% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about Diana Shipping

Is Diana Shipping getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.

How is Diana Shipping valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 26/100 against 2,459 industrials peers. EBITDA yield 2.2% vs a peer median of 6.9% (weaker than 80% of peers).EBITDA yield 2.2% vs peers 6.9% (weaker than 80% of peers).

Is Diana Shipping growing?

More slowly than most of its peers. Growth scores 14/100 against 2,459 industrials peers. 3-year revenue growth -9.3% vs a peer median of 4.2% (weaker than 90% of peers).3-year revenue growth -9.3% vs peers 4.2% (weaker than 90% of peers).

How profitable is Diana Shipping?

More profitable than most of its peers. Profitability scores 67/100 against 2,459 industrials peers. Operating margin 19.2% vs a peer median of 7.7% (stronger than 87% of peers).Operating margin 19.2% vs peers 7.7% (stronger than 87% of peers). Return on invested capital 3.3% vs a peer median of 7.1% (weaker than 70% of peers).Return on invested capital 3.3% vs peers 7.1% (weaker than 70% of peers).

How risky is Diana Shipping?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.46 vs a peer median of 0.64 (stronger than 70% of peers).Beta 0.46 vs peers 0.64 (stronger than 70% of peers). Debt / equity 1.10× vs a peer median of 0.40× (weaker than 79% of peers).Debt / equity 1.10× vs peers 0.40× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

213.5M USD

215.9M USD

+1.1%

Net income (12 months)

17.8M USD

60.2M USD

+237.7%

Operating margin

19.8%

19.2%

−0.5 pts

Debt

522.8M USD

497.7M USD

−4.8%

Cash

50.5M USD

48.7M USD

−3.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

97.4%

—

Operating margin

29.7%

49.2%

32.7%

25.8%

19.8%

▼ 6.0 pts

Net margin

26.8%

41.1%

19.0%

5.6%

8.3%

▲ 2.8 pts

Return on assets (ROA)

6.8%

10.1%

4.3%

1.1%

1.5%

▲ 0.4 pts

Return on equity (ROE)

14.6%

24.4%

10.2%

2.5%

3.5%

▲ 1.0 pts

Free cash flow margin

33.8%

-24.6%

15.5%

35.0%

21.5%

▼ 14 pts

Current ratio

1.93×

1.07×

2.14×

2.58×

2.73×

▲ 6.1%

Quick ratio

1.84×

1.03×

2.08×

2.52×

2.69×

▲ 6.5%

Debt to equity

1.08×

1.07×

1.04×

1.02×

1.04×

▲ 2.1%

Interest coverage

3.14×

5.20×

1.74×

1.24×

0.98×

▼ 21%