SFL - SFL Corp Ltd.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue Growth YoY (%)	-18.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-479%)	20.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+304%)	12.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	30.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+512%)	9.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+80%)	2.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-47%)	9.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92%)	9.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+99%)	-7.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-255%)	1.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-69%)	24.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+384%)	20.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+318%)	-15.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-405%)	8.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+67%)	-4.2% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-184%)	-10.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-315%)	-24.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-592%)	—	—
EPS Growth YoY (%)	N/M	50.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-58.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	18.5% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	18.6% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-34.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-32.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-27.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	62.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	32.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-56.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	39.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-21.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	3.6% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	55.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-58.6% Weak Weak Year-over-year change in net income	23.4% Good Good Year-over-year change in net income	N/M	N/M	21.1% Good ↑ Good Improving Year-over-year change in net income	-27.3% Weak ↓ Weak Declining Year-over-year change in net income	-30.9% Weak ↓ Weak Declining Year-over-year change in net income	-27.1% Weak ↓ Weak Declining Year-over-year change in net income	63.5% Excellent ↑ Excellent Improving Year-over-year change in net income	37.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-52.0% Weak ↓ Weak Declining Year-over-year change in net income	41.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-20.8% Weak ↓ Weak Declining Year-over-year change in net income	-14.0% Weak Weak Year-over-year change in net income	6.0% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	-29.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	5.2% Fair ↑ Fair Improving Year-over-year change in free cash flow	-3.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	16.5% Good ↑ Good Improving Year-over-year change in free cash flow	-5.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	9.3% Fair ↑ Fair Improving Year-over-year change in free cash flow	22.3% Good ↑ Good Improving Year-over-year change in free cash flow	2.0% Caution ↓ Caution Declining Year-over-year change in free cash flow	-24.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	-11.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	94.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-9.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	45.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-48.1% Weak Weak Year-over-year change in free cash flow	6.3% Fair Fair Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	3.0% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	20.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.0% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	1.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	8.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-4.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-2.5% Weak Weak Compound annual revenue growth over 3 years	-13.6% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	9.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	14.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	3.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	9.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-1.0% Weak Weak Compound annual revenue growth over 5 years	-10.0% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-9.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	24.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	24.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	-19.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-31.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-7.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	16.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-2.4% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-7.4% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-21.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-3.7% Weak Weak Compound annual EPS growth over 3 years	-12.8% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Operating Margin (%) (%)	18.6% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	33.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+183%)	31.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+166%)	41.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+242%)	47.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+294%)	-29.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-344%)	30.0% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+150%)	28.1% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+134%)	40.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	40.7% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+239%)	40.8% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+240%)	44.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+269%)	43.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+261%)	64.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+441%)	55.1% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+359%)	68.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+473%)	60.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+405%)	73.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+514%)	—
Effective Tax Rate (%) (%)	-7.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-3.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-145%)	14.4% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+81%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	30.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+278%)	32.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+300%)	-47.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-696%)	19.4% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+143%)	17.6% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+120%)	26.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+232%)	35.5% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+343%)	49.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+517%)	37.5% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+369%)	32.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+312%)	58.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+627%)	44.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+456%)	53.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+572%)	55.8% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+597%)	39.7% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+396%)	—
FCF Margin (%) (%)	36.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	40.9% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	45.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	53.0% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	57.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	58.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	54.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	48.0% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	46.7% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	55.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	63.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	40.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	51.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	27.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	55.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	49.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	36.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	46.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-10.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.83x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.09x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.79x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.80x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.73x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.76x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.25x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.65x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Return on Invested Capital (%)	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	51.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	3.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-4.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.1% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.3% Fair Fair Operating profit relative to total assets Optimal: > 10%	6.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-118%)	11.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	8.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	18.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	16.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+12%)	-28.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-288%)	8.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	6.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	8.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	12.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	16.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+8%)	10.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	7.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	18.7% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	15.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	20.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+33%)	25.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+71%)	35.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+134%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Debt to Equity (x)	2.69x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+284%)	2.54x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+262%)	2.08x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+197%)	2.03x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+190%)	1.94x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+177%)	2.09x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+199%)	1.47x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+110%)	1.24x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+77%)	1.27x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+82%)	1.39x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+99%)	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+92%)	1.50x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+115%)	1.46x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+108%)	1.84x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+163%)	2.23x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+218%)	2.32x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+231%)	2.46x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+251%)	—	—
Interest Coverage (x)	0.85x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.90x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.62x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.51x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.51x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-1.93x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.90x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	1.12x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.75x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.58x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.43x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.76x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.51x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.39x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.73x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.14x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	1.79x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.66x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.43B	$2.73B	$2.00B	$2.03B	$1.76B	$1.45B	$1.43B	$1.25B	$1.37B	$1.52B	$1.60B	$1.68B	$1.68B	$1.77B	$1.82B	$1.84B	$1.76B	$-46.08M	$-78.25M
Debt / EBITDA (x)	6.95x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.76x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.78x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.99x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-61.85x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.40x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.59x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.27x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.02x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.83x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.15x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.88x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.96x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.98x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.82x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.70x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue per Share (USD)	$5.51	$6.99	$5.96	$5.29	$4.20	$4.32	$4.26	$3.95	$3.98	$4.42	$4.35	$3.51	$3.03	$3.97	$3.73	$3.90	—	—	—
Basic EPS, GAAP (USD)	$-0.20	$1.01	$0.67	$1.60	$1.35	$-2.06	$0.83	$0.70	$1.06	$1.57	$2.15	$1.32	$1.00	$2.31	$1.66	$2.10	$2.59	$2.50	—
Free Cash Flow per Share (USD)	$2.01	$2.86	$2.72	$2.80	$2.40	$2.54	$2.32	$1.90	$1.86	$2.46	$2.77	$1.42	$1.57	$1.07	$2.07	$1.95	—	—	—
Dividend per Share (USD)	$0.94	$1.07	$0.97	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$6.65	$7.74	$7.56	$7.88	$7.09	$6.23	$9.27	$9.89	$10.77	$11.17	$13.29	$12.35	$12.78	$11.67	$10.83	$10.48	—	—	—
Tangible Book Value per Share (USD)	$6.65	$7.74	$7.56	$7.88	$7.09	$6.23	$9.27	$9.89	$10.77	$11.17	$13.29	$12.35	$12.78	$11.67	$10.83	$10.48	—	—	—
Basic Weighted Avg Shares (shares)	133.06M	129.39M	126.25M	126.79M	122.14M	108.97M	107.61M	105.90M	95.60M	93.50M	93.45M	93.33M	89.51M	80.59M	79.12M	79.06M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Working Capital (USD)	$-451.11M	$-511.84M	$-671.14M	$-759.63M	$-150.00M	$-220.09M	$24.65M	$9.45M	$-26.05M	$39.46M	$136.95M	$126.47M	$-140.24M	$45.11M	$18.61M	$26.60M	$-111.39M	—	—
LT Debt (USD)	$2.58B	$2.86B	$2.16B	$2.21B	$1.90B	$1.66B	$1.63B	$1.46B	$1.52B	$1.58B	$1.67B	$1.73B	$1.74B	$1.83B	$1.91B	$1.92B	$1.84B	—	—
Total Equity (USD)	$960.86M	$1.13B	$1.04B	$1.09B	$982.33M	$795.65M	$1.11B	$1.18B	$1.19B	$1.13B	$1.24B	$1.15B	$1.19B	$994.77M	$857.09M	$828.92M	$749.33M	$517.35M	$614.48M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Sales/Revenue/Turnover (USD)	$733.04M	$904.40M	$752.29M	$670.39M	$513.40M	$471.05M	$458.85M	$418.71M	$380.88M	$412.95M	$406.74M	$327.49M	$270.86M	$319.69M	$295.11M	$308.06M	$345.22M	$457.81M	—
Depreciation Expense (USD)	$235.00M	$239.18M	$214.06M	$187.83M	$138.33M	$111.28M	$116.38M	$104.08M	$88.15M	$94.29M	$78.08M	$67.39M	$58.44M	$55.60M	$49.93M	$34.20M	$30.24M	$28.04M	—
Net Income, GAAP (USD)	$-26.43M	$130.65M	$83.94M	$202.77M	$164.34M	$-224.43M	$89.18M	$73.62M	$101.21M	$146.41M	$200.83M	$122.81M	$89.21M	$185.84M	$131.18M	$165.71M	$192.60M	$181.61M	—
Operating Cash Flow (USD)	$267.14M	$369.86M	$343.09M	$355.12M	$293.60M	$276.48M	$249.71M	$200.97M	$177.80M	$230.07M	$258.40M	$132.40M	$140.12M	$86.57M	$163.66M	$153.77M	$125.52M	$211.39M	—

SFL Corp Ltd.

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

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Signals

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