SFL Industrials

SFL Corporation Ltd.

$12.33+1.07%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Marine Shipping
Country: Bermuda
Market cap: 1.7B USD
Enterprise value: 4.1B USD
Full-time employees: 24

Overall health

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.38 vs a peer median of 1.62) and more debt relative to equity (2.32× vs a peer median of 0.40×)higher risk: less liquidity (current ratio 0.38 vs peers 1.62) and more debt vs equity (2.32× vs peers 0.40×)
About average: growth

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 2.3× equity vs a peer median of 0.4×.Debt is 2.3× equity vs peers 0.4×.
Debt is 2.3× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.3× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 87% of peers on free cash flow, but only 47% on earnings.
Relative to its free cash flow, SFL looks cheaper than 87% of peers; relative to its earnings, cheaper than only 47%. The valuation score blends the two, so look at which measure fits this business best.
Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 16% in the 12 months to June 2026 vs the 12 months before.
SFL is more profitable than most peers, yet revenue fell 16% in the 12 months to June 2026 vs the 12 months before.
Cash flow well above reported profit. Free cash flow is 3.7× reported profit.
Free cash flow is 3.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

49/ 100

Oct 5 49 → Nov 4 49

Valuation

Is the price right?

69/100

Moderate

3/3 inputs reported · High confidence

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

Why

Stronger than most peers on:

▲ FCF yield
▲ EBITDA yield

Compare with peers

Behind the score

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

Earnings yield3.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.11Sector median: 0.0377 · MAD: 0.0294

EBITDA yield10.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.78Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield12.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 2.44Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield55.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

47/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 46 → 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:

▲ EPS growth
▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

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

Earnings per share growth78.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.89Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth1.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.47Sector median: 0.0421 · MAD: 0.0625

Revenue growth-15.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.61Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

71/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Turned profitable over the last 12 months
Operating margin rose 9.1 points to 27.7%

Why

Stronger than most peers on:

▲ Operating margin

Compare with peers

Behind the score

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

Operating margin27.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.94Sector median: 0.0773 · MAD: 0.0507

Return on assets1.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.54Sector median: 0.0311 · MAD: 0.0241

Return on invested capital4.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.42Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin60.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity6.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 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.

Beta0.44

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.75Sector median: 0.6440 · MAD: 0.2745

Current ratio0.38×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.77Sector median: 1.6180 · MAD: 0.5360

Debt / equity2.32×

SEC filings · latest balance sheetReported value33% base weight · Z-score -5.67Sector 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 SFL

Is SFL getting weaker?: Its latest SEC filing (Aug 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 9.1 points to 27.7%. Its overall score is unchanged at 49/100 since Oct 28, 2026.
How is SFL valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 2,459 industrials peers. Free cash flow yield 12.7% vs a peer median of 3.7% (stronger than 87% of peers).Free cash flow yield 12.7% vs peers 3.7% (stronger than 87% of peers).
Is SFL growing?: At about the same pace as its peers. Growth scores 47/100 against 2,459 industrials peers. Earnings per share growth 78.8% vs a peer median of 7.1% (stronger than 88% of peers).Earnings per share growth 78.8% vs peers 7.1% (stronger than 88% of peers). Revenue growth -15.6% vs a peer median of 4.4% (weaker than 91% of peers).Revenue growth -15.6% vs peers 4.4% (weaker than 91% of peers).
How profitable is SFL?: More profitable than most of its peers. Profitability scores 71/100 against 2,459 industrials peers. Operating margin 27.7% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 27.7% vs peers 7.7% (stronger than 95% of peers). Return on assets 1.8% vs a peer median of 3.1% (weaker than 64% of peers).Return on assets 1.8% vs peers 3.1% (weaker than 64% of peers).
How risky is SFL?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.44 vs a peer median of 0.64 (stronger than 74% of peers).Beta 0.44 vs peers 0.64 (stronger than 74% of peers). Current ratio 0.38× vs a peer median of 1.62× (weaker than 100% of peers).Current ratio 0.38× vs peers 1.62× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 26, 2026 · compared with the quarter ended Dec 31, 2025

Got stronger

Turned profitable over the last 12 months
Operating margin rose 9.1 points to 27.7%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	733.0M USD	729.0M USD	−0.6%
Net income (12 months)	−26.4M USD	63.9M USD	turned positive
Operating margin	18.6%	27.7%	+9.1 pts
Debt	2.6B USD	2.4B USD	−7.1%
Cash	150.8M USD	113.1M USD	−25.0%

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
Operating margin	47.3%	41.1%	31.9%	33.9%	18.6%	▼ 15 pts
Net margin	32.0%	30.2%	11.2%	14.4%	-3.6%	▼ 18 pts
Return on assets (ROA)	4.8%	5.3%	2.2%	3.2%	-0.7%	▼ 3.9 pts
Return on equity (ROE)	16.7%	18.6%	8.1%	11.6%	-2.8%	▼ 14 pts
Free cash flow margin	57.2%	53.0%	—	—	—	—
Current ratio	0.63×	0.28×	0.31×	0.38×	0.36×	▼ 4.4%
Quick ratio	0.60×	0.27×	0.30×	0.36×	0.35×	▼ 4.2%
Debt to equity	1.94×	2.03×	2.08×	2.54×	2.69×	▲ 6.0%
Interest coverage	—	2.35×	1.44×	1.68×	0.76×	▼ 55%

SFL 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

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.38 vs a peer median of 1.62) and more debt relative to equity (2.32× vs a peer median of 0.40×)higher risk: less liquidity (current ratio 0.38 vs peers 1.62) and more debt vs equity (2.32× vs peers 0.40×)

About average: growth

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 2.3× equity vs a peer median of 0.4×.Debt is 2.3× equity vs peers 0.4×.

Debt is 2.3× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.3× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 87% of peers on free cash flow, but only 47% on earnings.

Relative to its free cash flow, SFL looks cheaper than 87% of peers; relative to its earnings, cheaper than only 47%. The valuation score blends the two, so look at which measure fits this business best.

Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 16% in the 12 months to June 2026 vs the 12 months before.

SFL is more profitable than most peers, yet revenue fell 16% in the 12 months to June 2026 vs the 12 months before.

Cash flow well above reported profit. Free cash flow is 3.7× reported profit.

Free cash flow is 3.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about SFL

Is SFL getting weaker?

Its latest SEC filing (Aug 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 9.1 points to 27.7%. Its overall score is unchanged at 49/100 since Oct 28, 2026.

How is SFL valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 2,459 industrials peers. Free cash flow yield 12.7% vs a peer median of 3.7% (stronger than 87% of peers).Free cash flow yield 12.7% vs peers 3.7% (stronger than 87% of peers).

Is SFL growing?

At about the same pace as its peers. Growth scores 47/100 against 2,459 industrials peers. Earnings per share growth 78.8% vs a peer median of 7.1% (stronger than 88% of peers).Earnings per share growth 78.8% vs peers 7.1% (stronger than 88% of peers). Revenue growth -15.6% vs a peer median of 4.4% (weaker than 91% of peers).Revenue growth -15.6% vs peers 4.4% (weaker than 91% of peers).

How profitable is SFL?

More profitable than most of its peers. Profitability scores 71/100 against 2,459 industrials peers. Operating margin 27.7% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 27.7% vs peers 7.7% (stronger than 95% of peers). Return on assets 1.8% vs a peer median of 3.1% (weaker than 64% of peers).Return on assets 1.8% vs peers 3.1% (weaker than 64% of peers).

How risky is SFL?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.44 vs a peer median of 0.64 (stronger than 74% of peers).Beta 0.44 vs peers 0.64 (stronger than 74% of peers). Current ratio 0.38× vs a peer median of 1.62× (weaker than 100% of peers).Current ratio 0.38× vs peers 1.62× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

733.0M USD

729.0M USD

−0.6%

Net income (12 months)

−26.4M USD

63.9M USD

turned positive

Operating margin

18.6%

27.7%

+9.1 pts

Debt

2.6B USD

2.4B USD

−7.1%

Cash

150.8M USD

113.1M USD

−25.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

47.3%

41.1%

31.9%

33.9%

18.6%

▼ 15 pts

Net margin

32.0%

30.2%

11.2%

14.4%

-3.6%

▼ 18 pts

Return on assets (ROA)

4.8%

5.3%

2.2%

3.2%

-0.7%

▼ 3.9 pts

Return on equity (ROE)

16.7%

18.6%

8.1%

11.6%

-2.8%

▼ 14 pts

Free cash flow margin

57.2%

53.0%

—

Current ratio

0.63×

0.28×

0.31×

0.38×

0.36×

▼ 4.4%

Quick ratio

0.60×

0.27×

0.30×

0.36×

0.35×

▼ 4.2%

Debt to equity

1.94×

2.03×

2.08×

2.54×

2.69×

▲ 6.0%

Interest coverage

—

2.35×

1.44×

1.68×

0.76×

▼ 55%