Diana Shipping Inc. (DSX) Financial Ratios
25 years of historical data (2001–2025) · Industrials · Marine Shipping
EV/EBITDA
↑
9.55
↑+45% vs avg
5yr avg: 6.58
30Y Low3.2·High26.4
P/FCF
↓
5.99
+17% vs avg
5yr avg: 5.14
30Y Low3.9·High15.0
P/B Ratio
↓
0.47
↓-20% vs avg
5yr avg: 0.59
30Y Low0.2·High2.4
ROE
↓
3.5%
↑-69% vs avg
5yr avg: 11.5%
30Y Low-61%·High112%
Debt/EBITDA
↑
7.80
↑+48% vs avg
5yr avg: 5.27
30Y Low0.2·High21.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DSX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diana Shipping Inc. trades at 19.5x earnings, 51% above its 5-year average of 12.9x, sitting at the 87th percentile of its historical range. Compared to the Industrials sector median P/E of 26.0x, the stock trades at a discount of 25%. On a free-cash-flow basis, the stock trades at 6.0x P/FCF, 17% above the 5-year average of 5.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $266M | $183M | $233M | $303M | $325M | $330M | $166M | $296M | $333M | $390M | $243M |
| Enterprise Value | $779M | $697M | $746M | $844M | $912M | $627M | $504M | $664M | $737M | $951M | $743M |
| P/E Ratio → | 19.55 | 15.09 | 33.33 | 6.91 | 2.87 | 6.38 | — | 28.27 | 4.97 | — | — |
| P/S Ratio | 1.24 | 0.86 | 1.02 | 1.15 | 1.12 | 1.54 | 0.98 | 1.34 | 1.47 | 2.41 | 2.13 |
| P/B Ratio | 0.47 | 0.37 | 0.46 | 0.62 | 0.67 | 0.84 | 0.39 | 0.52 | 0.53 | 0.62 | 0.23 |
| P/FCF | 5.99 | 4.14 | 3.92 | 7.83 | — | 4.67 | 14.98 | 6.31 | 4.32 | — | — |
| P/OCF | 5.59 | 3.86 | 2.78 | 4.30 | 2.05 | 3.68 | 9.65 | 5.93 | 4.17 | 16.64 | — |
P/E links to full P/E history page with 30-year chart
DSX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diana Shipping Inc.'s enterprise value stands at 9.6x EBITDA, 45% above its 5-year average of 6.6x. The Industrials sector median is 13.8x, placing the stock at a 31% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.27 | 3.27 | 3.22 | 3.14 | 2.93 | 2.97 | 3.01 | 3.26 | 5.87 | 6.50 |
| EV / EBITDA | 9.55 | 8.54 | 7.19 | 6.23 | 4.90 | 6.03 | 14.16 | 16.99 | 15.18 | — | — |
| EV / EBIT | 18.48 | 18.10 | 14.07 | 10.50 | 6.61 | 10.09 | — | 38.08 | 16.42 | — | — |
| EV / FCF | — | 15.73 | 12.57 | 21.84 | — | 8.87 | 45.40 | 14.14 | 9.55 | — | — |
DSX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Diana Shipping Inc. earns an operating margin of 19.8%, significantly above the Industrials sector average of 4.1%. Operating margins have compressed from 32.7% to 19.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 3.5% is modest, trailing the sector median of 7.9%. ROIC of 3.1% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.6% | 56.6% | 57.8% | 43.2% | 57.8% | 43.6% | 16.1% | 30.7% | 31.4% | -14.9% | -58.7% |
| Operating Margin | 19.8% | 19.8% | 25.8% | 32.7% | 49.2% | 29.7% | -4.4% | -4.5% | -1.6% | -298.9% | -77.3% |
| Net Profit Margin | 8.3% | 8.3% | 5.6% | 19.0% | 41.1% | 26.8% | -79.1% | -4.8% | 29.8% | -316.1% | -143.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 2.6% | 10.2% | 27.0% | 14.0% | -26.9% | -1.8% | 10.8% | -60.9% | -14.4% |
| ROA | 1.5% | 1.5% | 1.1% | 4.2% | 11.8% | 6.7% | -13.8% | -0.9% | 5.5% | -35.1% | -9.4% |
| ROIC | 3.1% | 3.1% | 4.3% | 6.1% | 12.1% | 6.5% | -0.7% | -0.8% | -0.2% | -26.5% | -4.1% |
| ROCE | 3.6% | 3.6% | 5.4% | 8.0% | 15.6% | 8.0% | -0.8% | -1.0% | -0.3% | -35.1% | -5.2% |
DSX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Diana Shipping Inc. carries a Debt/EBITDA ratio of 7.8x, which is highly leveraged (144% above the sector average of 3.2x). Net debt stands at $514M ($636M total debt minus $122M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.27 | 1.27 | 1.26 | 1.31 | 1.36 | 1.08 | 0.98 | 0.83 | 0.85 | 0.96 | 0.57 |
| Debt / EBITDA | 7.80 | 7.80 | 6.15 | 4.74 | 3.57 | 4.07 | 11.82 | 12.16 | 10.93 | — | — |
| Net Debt / Equity | — | 1.02 | 1.02 | 1.11 | 1.20 | 0.75 | 0.79 | 0.64 | 0.64 | 0.90 | 0.47 |
| Net Debt / EBITDA | 6.30 | 6.30 | 4.95 | 3.99 | 3.16 | 2.85 | 9.49 | 9.41 | 8.32 | — | — |
| Debt / FCF | — | 11.59 | 8.65 | 14.00 | — | 4.20 | 30.41 | 7.83 | 5.24 | — | — |
| Interest Coverage | 0.90 | 0.90 | 1.18 | 1.63 | 5.04 | 3.07 | -5.16 | 0.59 | 1.47 | -18.28 | -6.59 |
DSX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 2.14x to 2.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 2.58 | 2.14 | 1.23 | 2.19 | 2.02 | 2.09 | 1.13 | 1.73 | 1.47 |
| Quick Ratio | — | — | 2.52 | 2.08 | 1.19 | 2.09 | 1.95 | 2.01 | 1.09 | 1.65 | 1.40 |
| Cash Ratio | — | — | 2.35 | 1.91 | 0.93 | 1.95 | 1.35 | 1.64 | 1.01 | 0.50 | 1.25 |
| Asset Turnover | — | 0.18 | 0.19 | 0.22 | 0.25 | 0.25 | 0.19 | 0.21 | 0.19 | 0.13 | 0.07 |
| Inventory Turnover | — | — | 22.94 | 29.45 | 26.91 | 19.84 | 30.18 | 27.70 | 26.58 | 32.23 | 30.95 |
| Days Sales Outstanding | — | — | 10.81 | 8.38 | 7.98 | 6.45 | 13.83 | 13.04 | 4.76 | 197.49 | 19.18 |
DSX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diana Shipping Inc. returns 10.6% to shareholders annually — split between a 1.9% dividend yield and 8.7% buyback yield. The payout ratio of 26.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.5% | 12.5% | 13.7% | 24.6% | 2.7% | 3.5% | 1.9% | 1.7% | 1.5% | 2.4% |
| Payout Ratio | 26.0% | 26.0% | 227.6% | 83.1% | 67.0% | 15.4% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 6.6% | 3.0% | 14.5% | 34.9% | 15.7% | — | 3.5% | 20.1% | — | — |
| FCF Yield | 16.7% | 24.2% | 25.5% | 12.8% | — | 21.4% | 6.7% | 15.9% | 23.2% | — | — |
| Buyback Yield | 8.7% | 12.6% | 0.0% | 0.0% | 1.2% | 13.7% | 7.2% | 16.8% | 4.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.6% | 15.1% | 12.5% | 13.7% | 25.7% | 16.4% | 10.7% | 18.7% | 6.3% | 1.5% | 2.4% |
| Shares Outstanding | — | $110M | $119M | $102M | $83M | $85M | $86M | $95M | $105M | $96M | $80M |
Peer Comparison
Compare DSX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DSXYou | $266M | 19.5 | 9.6 | 6.0 | 56.6% | 19.8% | 3.5% | 3.1% | 7.8 |
 SBLK | $3B | 36.3 | 11.6 | 14.4 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 GNK | $1B | -235.7 | 13.6 | — | 13.4% | 2.7% | -0.5% | 0.7% | 2.3 |
 SB | $713M | 23.3 | 8.5 | 11.8 | 35.9% | 25.1% | 4.6% | 4.1% | 4.2 |
 NMM | $2B | 7.5 | 5.4 | — | 64.5% | 29.1% | 8.9% | 6.1% | 3.2 |
 CMRE | $2B | 5.3 | 4.7 | 3.9 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
 DAC | $2B | 4.8 | 3.5 | 7.2 | 80.0% | 47.8% | 13.7% | 9.8% | 1.6 |
 TNK | $3B | 7.7 | 6.3 | 23.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 INSW | $4B | 14.2 | 10.3 | 114.8 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 ASC | $716M | 20.0 | 7.0 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 TRMD | $3B | 10.2 | 6.8 | 15.6 | 34.1% | 25.6% | 13.9% | 8.8% | 1.7 |
| Industrials Median | — | 26.0 | 13.8 | 19.9 | 31.7% | 4.1% | 7.9% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
DSX — Frequently Asked Questions
Quick answers to the most common questions about buying DSX stock.
What is Diana Shipping Inc.'s P/E ratio?
Diana Shipping Inc.'s current P/E ratio is 19.5x. The historical average is 11.2x. This places it at the 87th percentile of its historical range.
What is Diana Shipping Inc.'s EV/EBITDA?
Diana Shipping Inc.'s current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
What is Diana Shipping Inc.'s ROE?
Diana Shipping Inc.'s return on equity (ROE) is 3.5%. The historical average is 9.4%.
Is DSX stock overvalued?
Based on historical data, Diana Shipping Inc. is trading at a P/E of 19.5x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Diana Shipping Inc.'s dividend yield?
Diana Shipping Inc.'s current dividend yield is 1.95% with a payout ratio of 26.0%.
What are Diana Shipping Inc.'s profit margins?
Diana Shipping Inc. has 56.6% gross margin and 19.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Diana Shipping Inc. have?
Diana Shipping Inc.'s Debt/EBITDA ratio is 7.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.