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Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts. The Company’s single operating segment derives revenue from transporting dry bulk cargoes and chartering vessels to customers on time charter or voyage charter contracts.
1996
44
LTM Revenue $700M
LTM EBITDA $343M
$2.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Golden Ocean Group has a last 12-month revenue (LTM) of $700M and a last 12-month EBITDA of $343M.
In the most recent fiscal year, Golden Ocean Group achieved revenue of $968M and an EBITDA of $467M.
Golden Ocean Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Golden Ocean Group valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $700M | XXX | $968M | XXX | XXX | XXX |
| Gross Profit | $370M | XXX | $317M | XXX | XXX | XXX |
| Gross Margin | 53% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $343M | XXX | $467M | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| EBIT | $212M | XXX | $293M | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $132M | XXX | $223M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.2B | XXX | XXX | XXX |
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As of August 18, 2025, Golden Ocean Group's stock price is $8.
Golden Ocean Group has current market cap of $1.6B, and EV of $2.9B.
See Golden Ocean Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.9B | $1.6B | XXX | XXX | XXX | XXX | $0.70 |
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Start Free TrialAs of August 18, 2025, Golden Ocean Group has market cap of $1.6B and EV of $2.9B.
Golden Ocean Group's trades at 3.0x EV/Revenue multiple, and 6.3x EV/EBITDA.
Equity research analysts estimate Golden Ocean Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Golden Ocean Group has a P/E ratio of 12.0x.
See valuation multiples for Golden Ocean Group and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.6B | XXX | $1.6B | XXX | XXX | XXX |
| EV (current) | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| EV/Revenue | 4.2x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | 13.8x | XXX | 10.0x | XXX | XXX | XXX |
| EV/Gross Profit | 7.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.0x | XXX | 7.1x | XXX | XXX | XXX |
| EV/FCF | 13.3x | XXX | 11.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialGolden Ocean Group's last 12 month revenue growth is 10%
Golden Ocean Group's revenue per employee in the last FY averaged $22.0M, while opex per employee averaged $0.6M for the same period.
Golden Ocean Group's rule of 40 is 50% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Golden Ocean Group's rule of X is 75% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Golden Ocean Group and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | -7% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | -9% | XXX | XXX | XXX |
| Rule of 40 | 50% | XXX | 59% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $22.0M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Adnoc Logistics | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Ports | XXX | XXX | XXX | XXX | XXX | XXX |
| Veem | XXX | XXX | XXX | XXX | XXX | XXX |
| Attica Hldgs | XXX | XXX | XXX | XXX | XXX | XXX |
| Thessaloniki Port | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Golden Ocean Group acquired XXX companies to date.
Last acquisition by Golden Ocean Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Golden Ocean Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Golden Ocean Group founded? | Golden Ocean Group was founded in 1996. |
| Where is Golden Ocean Group headquartered? | Golden Ocean Group is headquartered in United States of America. |
| How many employees does Golden Ocean Group have? | As of today, Golden Ocean Group has 44 employees. |
| Who is the CEO of Golden Ocean Group? | Golden Ocean Group's CEO is Mr. Peder Simonsen. |
| Is Golden Ocean Group publicy listed? | Yes, Golden Ocean Group is a public company listed on NAS. |
| What is the stock symbol of Golden Ocean Group? | Golden Ocean Group trades under GOGL ticker. |
| When did Golden Ocean Group go public? | Golden Ocean Group went public in 1997. |
| Who are competitors of Golden Ocean Group? | Similar companies to Golden Ocean Group include e.g. Adnoc Logistics, Abu Dhabi Ports, Veem, Attica Hldgs. |
| What is the current market cap of Golden Ocean Group? | Golden Ocean Group's current market cap is $1.6B |
| What is the current revenue of Golden Ocean Group? | Golden Ocean Group's last 12 months revenue is $700M. |
| What is the current revenue growth of Golden Ocean Group? | Golden Ocean Group revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Golden Ocean Group? | Current revenue multiple of Golden Ocean Group is 4.2x. |
| Is Golden Ocean Group profitable? | Yes, Golden Ocean Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Golden Ocean Group? | Golden Ocean Group's last 12 months EBITDA is $343M. |
| What is Golden Ocean Group's EBITDA margin? | Golden Ocean Group's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of Golden Ocean Group? | Current EBITDA multiple of Golden Ocean Group is 8.5x. |
| What is the current FCF of Golden Ocean Group? | Golden Ocean Group's last 12 months FCF is $219M. |
| What is Golden Ocean Group's FCF margin? | Golden Ocean Group's last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of Golden Ocean Group? | Current FCF multiple of Golden Ocean Group is 13.3x. |
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