OceanPal Inc. (OP) Revenue History
Annual and quarterly revenue from 2019 to present
OP Revenue Over Time (2019–2024)
OP Revenue Growth History
2 of 5 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- -23.9%
- FY2021 revenue growth
- -85.8%
- FY2022 revenue growth
- +1330.7%
- FY2023 revenue growth
- -0.7%
- FY2024 revenue growth
- +35.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $3.1M | -54.3% |
| Q1 2025 | $3.1M | -45.9% |
| Q4 2024 | $5.8M | -0.5% |
| Q3 2024 | $7.5M | +93.9% |
| Q2 2024 | $6.7M | +24.9% |
| Q1 2024 | $5.7M | +46.3% |
| Q4 2023 | $5.8M | +1.5% |
| Q3 2023 | $3.9M | -24.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
OP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
OP Revenue Analysis (2019–2024)
Current Revenue & Growth
As of June 23, 2026, OceanPal Inc. (OP) generated trailing twelve-month (TTM) revenue of $19.4 million, reflecting significant decline in growth of -54.3% year-over-year. The most recent quarter (Q2 2025) recorded $3.1 million in revenue, up 0.0% sequentially.
Historical Growth Trajectory
OP's 5-year compound annual growth rate (CAGR) stands at +15.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of +168.1% exceeds the 5-year average, indicating an acceleration in the most recent period. OceanPal Inc.'s highest annual revenue of $25.7 million was recorded in 2024, an all-time high.
Revenue by Segment
OP's revenue is primarily driven by Tanker Segment (100%). With over half of revenue concentrated in Tanker Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including SBLK (-11.6% YoY), GNK (+30336.5% YoY), and NMM (+5.9% YoY) — OP has underperformed the peer group in revenue growth. Compare OP vs SBLK →
OP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OPCurrent | $19M | -54.3% | +15.7% | -70.2% | |
 SBLK | $1.0B | -11.6% | +8.5% | 13.5% | |
 GNK | $342M | +30336.5% | -0.8% | 2.7% | |
 NMM | $1.3B | +5.9% | +42.7% | 29.1% | |
 SB | $276M | -10.4% | +6.8% | 25.1% | |
 DSX | $214M | -6.4% | +4.7% | 19.8% |
OP Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $25.7M | +35.6% | $2.3M | 9.0% | $-18,045,000 | -70.2% |
| 2023 | $19.0M | -0.7% | $5.5M | 29.2% | $-7,722,000 | -40.7% |
| 2022 | $19.1M | +1330.7% | $8.5M | 44.7% | $-326,000 | -1.7% |
| 2021 | $1.3M | -85.8% | $926K | 69.4% | $134K | 10.0% |
| 2020 | $9.4M | -23.9% | $-65,099 | -0.7% | $-3,796,000 | -40.3% |
| 2019 | $12.4M | - | $5.2M | 42.4% | $-1,863,000 | -15.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
OP — Frequently Asked Questions
Quick answers to the most common questions about buying OP stock.
Is OP's revenue growth accelerating or slowing?
OP revenue is declining -54.3% year-over-year. TTM revenue fell to $19M, contrasting with the 5-year CAGR of +15.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is OP's revenue history from 2019 to 2026?
OceanPal Inc. (OP) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $19M, growing at -54.3% YoY. The 5-year CAGR is +15.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OP's long-term revenue growth rate (CAGR)?
OceanPal Inc.'s 5-year revenue CAGR of +15.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -54.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OP.
Why does OP's quarterly revenue fluctuate?
OP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. OceanPal Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is OP's revenue distributed by segment?
OP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does OP's revenue compare to industry peers?
OceanPal Inc. (OP) with TTM revenue of $19M and -54.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.