SFL
$12.70-0.55%
SFL financial statements
The full income statement, balance sheet, and cash-flow statement for SFL Corporation Ltd (SFL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 110.9M2018-12 119.4M2019-12 119.4M2020-12 127.8M2021-12 138.6M2022-12 138.6M2023-12 137.5M2024-12 145.7M2025-12 144.6M+30.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 733M-18.9% | 904M+20.2% | 752M+12.2% | 670M+30.6% | 513M+9.0% | |
| 589M-2.3% | 603M+13.6% | 531M+30.0% | 408M+31.7% | 310M-49.3% | ||
| Provision for credit losses | -464K-213.4% | 409K+181.8% | -500K+0.0% | -500K+28.6% | -700K | |
| Operating income | 137M-55.4% | 307M+27.7% | 240M-12.8% | 275M+13.4% | 243M+275.7% | |
| Interest expense | 181M-1.3% | 183M+9.6% | 167M+42.3% | 117M | — | |
| Other non-operating income | 2.19M+18.9% | 1.84M+479.2% | -486K-103.1% | 15.5M+132.4% | 6.68M+125.8% | |
| Equity-method income | 2.37M-15.4% | 2.80M-1.8% | 2.85M+0.5% | 2.83M-32.5% | 4.19M-2.1% | |
| Gain (loss) on equity securities | -39.0K+95.4% | -854K+55.3% | -1.91M-122.8% | 8.39M+671.8% | 1.09M+104.8% | |
| Pre-tax income | -24.5M-117.4% | 141M+61.9% | 87.3M-57.0% | 203M+23.4% | 164M+171.9% | |
| Income tax | 1.88M-82.3% | 10.6M+219.9% | 3.32M | 0.00 | 0.00 | |
| -26.4M-120.2% | 131M+55.7% | 83.9M-58.6% | 203M+23.4% | 164M+173.2% | ||
| Net income to common | -26.4M-120.2% | 131M+55.7% | 83.9M-58.6% | 203M+23.4% | 164M+173.2% | |
| -$0.20-119.8% | $1.01+53.0% | $0.66-56.9% | $1.53+17.7% | $1.30+163.1% | ||
| EPS (basic) | -$0.20-119.8% | $1.01+50.7% | $0.67-58.1% | $1.60+18.5% | $1.35+165.5% | |
| Weighted-avg shares (basic) | 133M+2.8% | 129M+2.5% | 126M-0.4% | 127M+3.8% | 122M+12.1% | |
| Weighted-avg shares (diluted) | 133M+2.4% | 130M+2.7% | 127M-7.9% | 137M-1.4% | 139M+27.9% | |
| Dividends per share | $0.94-12.1% | $1.07+10.3% | $0.97+10.2% | $0.88+57.2% | $0.56-34.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 259M-18.0% | 316M+6.0% | 298M+0.4% | 297M+18.6% | 250M-29.8% | ||
| Cash & equivalents | 151M+12.1% | 135M-18.7% | 165M-12.1% | 188M+29.3% | 146M-32.4% | |
| Accounts receivable | 11.6M-68.6% | 36.8M-10.6% | 41.2M+105.9% | 20.0M+79.7% | 11.1M+67.0% | |
| Inventory | 13.8M-20.7% | 17.4M+48.2% | 11.7M-28.5% | 16.4M+61.9% | 10.1M+14.9% | |
| Other current assets | 53.2M-19.3% | 66.0M+125.5% | 29.3M | — | — | |
| 3.64B-11.4% | 4.11B+10.1% | 3.73B-3.4% | 3.86B+11.6% | 3.46B+11.8% | ||
| Other non-current assets | 294K+0.0% | 294K-96.7% | 8.90M-33.9% | 13.5M-27.3% | 18.5M-15.6% | |
| 710M-14.2% | 828M-14.6% | 969M-8.3% | 1.06B+163.9% | 400M-30.6% | ||
| Accounts payable | 7.35M-78.6% | 34.3M+13.4% | 30.3M+283.7% | 7.89M+345.6% | 1.77M+41.9% | |
| Accrued liabilities | 51.9M+0.9% | 51.4M+31.2% | 39.2M+44.1% | 27.2M+37.4% | 19.8M-6.0% | |
| Deferred revenue | 0.00-100.0% | 353K-93.4% | 5.32M+235.6% | 1.58M+1278.3% | 115K-99.2% | |
| Short-term & current debt | 606M-12.1% | 689M+59.2% | 433M-53.0% | 921M+204.3% | 303M-37.6% | |
| Other current liabilities | — | — | — | 27.8M+22.2% | 22.7M+41.4% | |
| Finance lease liability (current) | — | 0.00-100.0% | 419M+681.6% | 53.7M+4.8% | 51.2M+4.7% | |
| 2.68B-10.1% | 2.98B+10.7% | 2.69B-2.8% | 2.77B+11.8% | 2.48B+7.8% | ||
| Long-term debt | 1.96B-8.8% | 2.15B+25.5% | 1.71B+33.9% | 1.28B-19.3% | 1.59B+36.3% | |
| Finance lease liability (total) | — | 0.00-100.0% | 419M-11.3% | 473M-9.8% | 524M-8.5% | |
| Finance lease liability | — | — | 0.00-100.0% | 419M-11.3% | 473M-9.8% | |
| Other non-current liabilities | 277K-71.4% | 970K+24150.0% | 4.00K+0.0% | 4.00K+0.0% | 4.00K+0.0% | |
| 961M-14.8% | 1.13B+8.6% | 1.04B-4.8% | 1.09B+11.1% | 982M+23.5% | ||
| Common stock | 1.47M+0.1% | 1.47M+5.9% | 1.39M+0.0% | 1.39M+0.0% | 1.39M+8.5% | |
| Additional paid-in capital | 718M+0.2% | 716M+15.9% | 618M+0.3% | 617M-0.7% | 621M+16.9% | |
| Retained earnings | -26.4M | 0.00-100.0% | 960K-97.6% | 40.0M+143.2% | -92.7M+63.9% | |
| Treasury stock | 20.2M+98.5% | 10.2M+0.0% | 10.2M | 0.00 | — | |
| Accumulated other comprehensive income | -4.52M-240.8% | 3.21M-28.6% | 4.50M-48.4% | 8.71M+194.8% | -9.19M+52.4% | |
| Total liabilities & equity | 3.64B-11.4% | 4.11B+10.1% | 3.73B-3.4% | 3.86B+11.6% | 3.46B+11.8% | |
| Common shares issued | 147M+0.1% | 147M+5.9% | 139M+0.0% | 139M+0.0% | 139M+8.4% | |
| Common shares outstanding | 145M-0.8% | 146M+6.0% | 137M-0.8% | 139M+0.0% | 139M+8.4% | |
| Shares outstanding (cover) | 145M-0.8% | 146M+6.0% | 137M-0.8% | 139M+0.0% | 139M+8.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 267M-27.8% | 370M+7.8% | 343M-3.4% | 355M+21.0% | 294M+6.2% | ||
| Depreciation & amortization | 235M-1.7% | 239M+11.7% | 214M+14.0% | 188M+35.8% | 138M+24.3% | |
| Change in receivables | -25.3M-488.5% | -4.30M-120.5% | 20.9M+131.8% | 9.03M+121.8% | 4.07M+73.2% | |
| Change in inventory | -3.60M-163.6% | 5.66M+221.2% | -4.67M-174.4% | 6.27M+376.9% | 1.31M+50.6% | |
| 188M+130.5% | -618M-494.4% | -104M+79.2% | -499M-28.3% | -389M-320.6% | ||
| Capital expenditure | — | — | — | 0.00 | 0.00-100.0% | |
| Free cash flow | — | — | — | 355M+21.0% | 294M+38.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | — | — | 0.00 | 0.00-100.0% | 1.35M+4.9% | |
| Sales/maturities of investments | — | 0.00 | 0.00-100.0% | 15.0M+56.0% | 9.61M-59.4% | |
| Proceeds from sale of PP&E | 259M+1036.9% | 22.7M-85.4% | 156M+87.4% | 83.3M-54.7% | 184M | |
| -439M-302.6% | 217M+182.7% | -262M-246.9% | 178M+613.0% | 25.0M+105.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 96.3M | 0.00 | 0.00-100.0% | 89.3M+45.2% | |
| Common stock repurchased | 10.0M | 0.00-100.0% | 10.2M | 0.00 | 0.00 | |
| Dividends paid | 125M-9.7% | 138M+12.6% | 123M+10.2% | 112M+43.9% | 77.6M-29.1% | |
| Net change in cash | 16.3M+152.6% | -30.9M-35.3% | -22.9M-166.5% | 34.4M+148.8% | -70.4M-429.4% | |
| Interest paid | 162M+0.3% | 161M+8.6% | 149M+35.4% | 110M+13.3% | 96.8M-26.1% | |
| Income taxes paid | 2.83M-65.9% | 8.29M+317.6% | 1.99M | 0.00 | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.13B-24.2% | 1.49B-4.7% | 1.56B+22.4% | 1.28B+13.1% | 1.13B+40.7% | |
| P/E | — | 11.4×+47.9% | 7.7×-0.8% | 7.8×+13.1% | 6.9× | |
| P/S | 1.5×-6.5% | 1.6×-29.4% | 2.3×-6.3% | 2.5×+13.1% | 2.2×+29.1% | |
| P/B | 1.2×-11.0% | 1.3×-7.9% | 1.4×+10.1% | 1.3×+13.1% | 1.1×+13.9% | |
| P/FCF | — | — | 4.4×+1.2% | 4.4×+13.1% | 3.8×+1.3% | |
| Earnings yield | — | 8.8%-32.4% | 13.0%+0.8% | 12.9%-11.6% | 14.6% | |
| FCF yield | — | — | 22.7%-1.1% | 23.0%-11.6% | 26.0%-1.3% | |
| Dividend yield | 12.0%+15.0% | 10.5%+21.8% | 8.6%-9.9% | 9.5%+39.0% | 6.9%-49.6% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: SFL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SFL filings on SEC EDGAR → Not investment advice.