SFL Corporation Ltd. (SFL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SFL Revenue Growth
SFL Revenue Analysis (2014–2025)
As of May 8, 2026, SFL Corporation Ltd. (SFL) generated trailing twelve-month (TTM) revenue of $719.8 million, reflecting significant decline in growth of -24.1% year-over-year. The most recent quarter (Q4 2025) recorded $170.7 million in revenue, down 2.6% sequentially.
Looking at the longer-term picture, SFL's 5-year compound annual growth rate (CAGR) stands at +12.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $891.6 million in 2024.
When compared to Industrials sector peers including KNOP (+19.6% YoY), TK (-26.0% YoY), and TNK (-26.3% YoY), SFL has underperformed the peer group in terms of revenue growth. Compare SFL vs KNOP →
SFL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SFLCurrent | $720M | -24.1% | +12.4% | 19.0% | |
 KNOP | $313M | +19.6% | +2.0% | 23.3% | |
 TK | $1.2B | -26.0% | -8.7% | 29.9% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 NAT | $350M | -16.0% | +2.0% | 22.1% |
SFL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $719.8M | -19.3% | $418.0M | 58.1% | $136.7M | 19.0% |
| 2024 | $891.6M | +20.8% | $309.1M | 34.7% | $306.7M | 34.4% |
| 2023 | $738.1M | +12.6% | $230.3M | 31.2% | $240.2M | 32.5% |
| 2022 | $655.7M | +32.5% | $262.7M | 40.1% | $275.5M | 42.0% |
| 2021 | $494.7M | +23.6% | $199.6M | 40.4% | $242.8M | 49.1% |
| 2020 | $400.4M | -12.2% | $133.5M | 33.3% | $-138,174,000 | -34.5% |
| 2019 | $456.0M | +8.9% | $321.6M | 70.5% | $137.8M | 30.2% |
| 2018 | $418.7M | +9.9% | $186.1M | 44.4% | $117.6M | 28.1% |
| 2017 | $380.9M | -7.8% | $160.9M | 42.3% | $154.6M | 40.6% |
| 2016 | $413.0M | +1.5% | $182.6M | 44.2% | $168.1M | 40.7% |
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Start ComparisonSFL — Frequently Asked Questions
Quick answers to the most common questions about buying SFL stock.
Is SFL's revenue growth accelerating or slowing?
SFL revenue declined -24.1% year-over-year, contrasting with the 5-year CAGR of +12.4%. TTM revenue fell to $720M. This reverses the prior growth trend.
What is SFL's long-term revenue growth rate?
SFL Corporation Ltd.'s 5-year revenue CAGR of +12.4% reflects the variable expansion pattern. Current YoY growth of -24.1% is below this long-term average.
How is SFL's revenue distributed by segment?
SFL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.