FSLUF (First Ship Lease Trust) EBIT: $7.14 Mil (TTM As of Dec. 2025)


What is First Ship Lease Trust EBIT?

First Ship Lease Trust FSLUF EBIT is $7.14 Mil as of Dec. 2025. The stock has 2 warning signs investors should review.

First Ship Lease Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $5.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $7.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Ship Lease Trust's annualized ROC % for the quarter that ended in Dec. 2025 was 9.29%. First Ship Lease Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 49.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Ship Lease Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.09%.

First Ship Lease Trust  (OTCPK:FSLUF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

First Ship Lease Trust's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2.018 * ( 1 - 0.83% )/( (20.371 + 22.71)/ 2 )
=2.0012506/21.5405
=9.29 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=40.767 - 0.526 - ( 20.231 - max(0, 1.075 - 20.945+20.231))
=20.371

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43.939 - 0.395 - ( 20.834 - max(0, 0.532 - 21.448+20.834))
=22.71

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

First Ship Lease Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=10.474/( ( (19.822 + max(0.188, 0)) + (22.491 + max(-0.482, 0)) )/ 2 )
=10.474/( ( 20.01 + 22.491 )/ 2 )
=10.474/21.2505
=49.29 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.714 + 0 + 0) - (0.526 + 0 + -2.2204460492503E-16)
=0.188

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.050000000000001) - (0.395 + 0 + 0.137)
=-0.482

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

First Ship Lease Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=7.135/33.834
=21.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Ship Lease Trust EBIT Related Terms

First Ship Lease Trust EBIT Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Ship Lease Trust EBIT Chart

First Ship Lease Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.92 14.17 4.94 9.01 7.10

First Ship Lease Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.57 1.84 7.24 1.90 5.24

FSLUF vs URI, SUNB, AER: EBIT Comparison

For the Rental & Leasing Services subindustry, First Ship Lease Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Ship Lease Trust EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's EV-to-EBIT falls into.


First Ship Lease Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $7.14 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $7.14 Mil mean?
First Ship Lease Trust (FSLUF) has a EBIT of $7.14 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Ship Lease Trust.
Is First Ship Lease Trust's EBIT too high?
First Ship Lease Trust's current EBIT is $7.14 Mil.
How does First Ship Lease Trust's EBIT compare to URI and SUNB?
First Ship Lease Trust's EBIT of $7.14 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Ship Lease Trust. First Ship Lease Trust's current EBIT is $7.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current EBIT of $7.14 Mil. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current EBIT is $7.14 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For First Ship Lease Trust (FSLUF), the current EBIT is $7.14 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Ship Lease Trust Business Description

Other Exchanges D8DU:Singapore
Address 7 Temasek Boulevard, No. 26-02 Suntec Tower One, Singapore, SGP, 038987
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.