Golden Ocean Group (GOGL) Revenue & Revenue Breakdown
Golden Ocean Group Revenue Highlights
Latest Revenue (Y)
$885.77M
Latest Revenue (Q)
$246.74M
Main Segment (Y)
Voyage Charter Revenue
Golden Ocean Group Revenue by Period
Golden Ocean Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $885.77M | -20.45% |
| 2022-12-31 | $1.11B | -7.46% |
| 2021-12-31 | $1.20B | 97.91% |
| 2020-12-31 | $607.94M | -13.86% |
| 2019-12-31 | $705.80M | 7.58% |
| 2018-12-31 | $656.07M | 42.62% |
| 2017-12-31 | $460.02M | 78.44% |
| 2016-12-31 | $257.81M | 35.95% |
| 2015-12-31 | $189.63M | 96.07% |
| 2014-12-31 | $96.72M | 157.59% |
| 2013-12-31 | $37.55M | 0.62% |
| 2012-12-31 | $37.31M | -60.52% |
| 2011-12-31 | $94.52M | -1.44% |
| 2010-12-31 | $95.90M | 42.41% |
| 2009-12-31 | $67.34M | -18.78% |
| 2008-12-31 | $82.91M | -5.95% |
| 2007-12-31 | $88.16M | -16.62% |
| 2006-12-31 | $105.73M | 5.54% |
| 2005-12-31 | $100.18M | -26.17% |
| 2004-12-31 | $135.69M | 80.33% |
| 2003-12-31 | $75.25M | 86.83% |
| 2002-12-31 | $40.28M | -34.55% |
| 2001-12-31 | $61.53M | -19.39% |
| 2000-12-31 | $76.34M | 89.53% |
| 1999-12-31 | $40.28M | -10.58% |
| 1998-12-31 | $45.04M | 6.88% |
| 1997-12-31 | $42.14M | - |
Golden Ocean Group generated $885.77M in revenue during NA 2023, up -20.45% compared to the previous quarter, and up 135.01% compared to the same period a year ago.
Golden Ocean Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $246.74M | -2.94% |
| 2023-12-31 | $254.21M | 14.68% |
| 2023-09-30 | $221.66M | 3.88% |
| 2023-06-30 | $213.38M | 8.58% |
| 2023-03-31 | $196.52M | -21.25% |
| 2022-12-31 | $249.56M | -11.52% |
| 2022-09-30 | $282.05M | -10.93% |
| 2022-06-30 | $316.67M | 19.41% |
| 2022-03-31 | $265.18M | -30.55% |
| 2021-12-31 | $381.81M | -1.50% |
| 2021-09-30 | $387.62M | 40.59% |
| 2021-06-30 | $275.70M | 74.44% |
| 2021-03-31 | $158.05M | -6.32% |
| 2020-12-31 | $168.71M | -9.09% |
| 2020-09-30 | $185.58M | 59.65% |
| 2020-06-30 | $116.25M | -15.40% |
| 2020-03-31 | $137.41M | -43.84% |
| 2019-12-31 | $244.67M | 11.55% |
| 2019-09-30 | $219.34M | 89.44% |
| 2019-06-30 | $115.78M | -8.12% |
| 2019-03-31 | $126.01M | -28.39% |
| 2018-12-31 | $175.98M | -7.01% |
| 2018-09-30 | $189.26M | 34.33% |
| 2018-06-30 | $140.89M | -6.04% |
| 2018-03-31 | $149.94M | -0.97% |
| 2017-12-31 | $151.41M | 19.27% |
| 2017-09-30 | $126.95M | 29.76% |
| 2017-06-30 | $97.84M | 16.73% |
| 2017-03-31 | $83.82M | -2.79% |
| 2016-12-31 | $86.22M | 21.43% |
| 2016-09-30 | $71.01M | 30.28% |
| 2016-06-30 | $54.50M | 21.09% |
| 2016-03-31 | $45.01M | -20.37% |
| 2015-12-31 | $56.52M | -13.96% |
| 2015-09-30 | $65.69M | 33.16% |
| 2015-06-30 | $49.33M | 172.81% |
| 2015-03-31 | $18.08M | -50.70% |
| 2014-12-31 | $36.68M | 89.70% |
| 2014-09-30 | $19.34M | -6.10% |
| 2014-06-30 | $20.59M | 2.43% |
| 2014-03-31 | $20.11M | 49.29% |
| 2013-12-31 | $13.47M | 35.35% |
| 2013-09-30 | $9.95M | 29.90% |
| 2013-06-30 | $7.66M | 18.41% |
| 2013-03-31 | $6.47M | -24.85% |
| 2012-12-31 | $8.61M | 178.94% |
| 2012-09-30 | $3.09M | -76.18% |
| 2012-06-30 | $12.96M | -44.20% |
| 2012-03-31 | $23.22M | -0.09% |
| 2011-12-31 | $23.25M | -10.48% |
| 2011-09-30 | $25.97M | 13.40% |
| 2011-06-30 | $22.90M | 2.18% |
| 2011-03-31 | $22.41M | 3.62% |
| 2010-12-31 | $21.63M | -8.92% |
| 2010-09-30 | $23.74M | -9.86% |
| 2010-06-30 | $26.34M | 8.91% |
| 2010-03-31 | $24.19M | 3.28% |
| 2009-12-31 | $23.42M | 64.76% |
| 2009-09-30 | $14.21M | 1.72% |
| 2009-06-30 | $13.97M | -11.21% |
| 2009-03-31 | $15.74M | -2.32% |
| 2008-12-31 | $16.11M | -18.69% |
| 2008-09-30 | $19.81M | -9.88% |
| 2008-06-30 | $21.98M | -12.09% |
| 2008-03-31 | $25.01M | 3.33% |
| 2007-12-31 | $24.20M | - |
Golden Ocean Group generated $246.74M in revenue during Q1 2024, up -2.94% compared to the previous quarter, and up 98.87% compared to the same period a year ago.
Golden Ocean Group Revenue Breakdown
Golden Ocean Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Voyage Charter Revenue | $446.67M | $518.40M | $597.81M | $370.13M | $404.18M |
| Time Charter Revenue | $434.83M | $593.79M | $603.96M | $235.67M | $299.95M |
| Other Revenue | $4.27M | $1.26M | $1.41M | $2.14M | $1.67M |
| Demurrage | - | $29.30M | - | - | - |
Golden Ocean Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage Charter Revenue (50.43%), Time Charter Revenue (49.09%), and Other Revenue (0.48%).
Quarterly Revenue by Product
| Product/Service | Dec 22 | Jun 22 | Jun 21 | Jun 20 | Jun 19 | Jun 18 |
|---|---|---|---|---|---|---|
| Time Charter Revenue | $248.55M | $345.24M | $205.52M | $86.25M | $128.14M | $159.65M |
| Other Revenue | $813.00K | $450.00K | $1.01M | $1.02M | $786.00K | $1.17M |
| Voyage Charter Revenue | $514.73M | $236.16M | $227.22M | $166.38M | $112.87M | $130.02M |
Golden Ocean Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Voyage Charter Revenue (67.36%), Time Charter Revenue (32.53%), and Other Revenue (0.11%).
Golden Ocean Group Revenue Breakdown by Country
Quarterly Revenue by Country
| Country | Jun 22 | Jun 21 | Jun 20 | Jun 19 | Jun 18 |
|---|---|---|---|---|---|
| Voyage Charter Revenue | $236.16M | $227.22M | $166.38M | $112.87M | $130.02M |
| Time Charter Revenue | $345.24M | $205.52M | $86.25M | $128.14M | $159.65M |
| Other Revenue | $450.00K | $1.01M | $1.02M | $786.00K | $1.17M |
Golden Ocean Group's latest quarterly revenue breakdown by geography, as of Jun 22: Time Charter Revenue (59.34%), Voyage Charter Revenue (40.59%), and Other Revenue (0.08%).
Golden Ocean Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| GNK | Genco Shipping & Trading | $383.82B | $107.05M |
| CMRE | Costamare | $1.51B | $475.43M |
| NMM | Navios Maritime Partners | $1.31B | $318.56M |
| DAC | Danaos | $952.38M | $249.95M |
| SBLK | Star Bulk Carriers | $949.27M | $259.39M |
| GOGL | Golden Ocean Group | $885.77M | $246.74M |
| GSL | Global Ship Lease | $674.79M | $179.56M |
| DSX | Diana Shipping | $262.10M | $57.65M |
| OP | OceanPal | $18.96M | $5.69M |
GOGL Revenue FAQ
What is Golden Ocean Group’s yearly revenue?
Golden Ocean Group's yearly revenue for 2023 was $885.77M, representing a decrease of -20.45% compared to 2022. The company's yearly revenue for 2022 was $1.11B, representing a decrease of -7.46% compared to 2021. GOGL's yearly revenue for 2021 was $1.2B, representing an increase of 97.91% compared to 2020.
What is Golden Ocean Group’s quarterly revenue?
Golden Ocean Group's quarterly revenue for Q1 2024 was $246.74M, a -2.94% decrease from the previous quarter (Q4 2023), and a 25.55% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $254.2M, a 14.68% increase from the previous quarter (Q3 2023), and a 1.86% increase year-over-year (Q4 2022). GOGL's quarterly revenue for Q3 2023 was $221.66M, a 3.88% increase from the previous quarter (Q2 2023), and a -21.41% decrease year-over-year (Q3 2022).
What is Golden Ocean Group’s revenue growth rate?
Golden Ocean Group's revenue growth rate for the last 3 years (2021-2023) was -26.38%, and for the last 5 years (2019-2023) was 25.50%.
What are Golden Ocean Group’s revenue streams?
Golden Ocean Group's revenue streams in c 23 are Voyage Charter Revenue, Time Charter Revenue, and Other Revenue. Voyage Charter Revenue generated $446.67M in revenue, accounting 50.43% of the company's total revenue, down -13.84% year-over-year. Time Charter Revenue generated $434.83M in revenue, accounting 49.09% of the company's total revenue, down -26.77% year-over-year. Other Revenue generated $4.27M in revenue, accounting 0.48% of the company's total revenue, up 238.40% year-over-year.
What is Golden Ocean Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Golden Ocean Group was Voyage Charter Revenue. This segment made a revenue of $446.67M, representing 50.43% of the company's total revenue.