FSLUF (First Ship Lease Trust) ROE %: 25.01% (As of Dec. 2025) — 434% Above Median


What is First Ship Lease Trust ROE %?

First Ship Lease Trust FSLUF ROE % is 25.01% as of Dec. 2025, which is 434% above its 10-year median of 4.68. The stock has 2 warning signs investors should review. Among 1,058 Business Services companies, First Ship Lease Trust ranks better than 77.03% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. First Ship Lease Trust's annualized net income for the quarter that ended in Dec. 2025 was $10.22 Mil. First Ship Lease Trust's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $40.85 Mil. Therefore, First Ship Lease Trust's annualized ROE % for the quarter that ended in Dec. 2025 was 25.01%.

The historical rank and industry rank for First Ship Lease Trust's ROE % or its related term are showing as below:

FSLUF' s ROE % Range Over the Past 10 Years
Min: -33.77   Med: 4.68   Max: 22.52
Current: 17.16

During the past 13 years, First Ship Lease Trust's highest ROE % was 22.52%. The lowest was -33.77%. And the median was 4.68%.

FSLUF's ROE % is ranked better than
77.03% of 1058 companies
in the Business Services industry
Industry Median: 8.095 vs FSLUF: 17.16

First Ship Lease Trust  (OTCPK:FSLUF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=10.218/40.8525
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.218 / 6.102)*(6.102 / 42.353)*(42.353 / 40.8525)
=Net Margin %*Asset Turnover*Equity Multiplier
=167.45 %*0.1441*1.0367
=ROA %*Equity Multiplier
=24.13 %*1.0367
=25.01 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=10.218/40.8525
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (10.218 / 10.304) * (10.304 / 2.018) * (2.018 / 6.102) * (6.102 / 42.353) * (42.353 / 40.8525)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9917 * 5.106 * 33.07 % * 0.1441 * 1.0367
=25.01 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

First Ship Lease Trust ROE % Related Terms

First Ship Lease Trust ROE % Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust's ROE % 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 ROE % Chart

First Ship Lease Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.56 22.63 6.93 18.08 17.15

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
ROE % 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 6.86 6.52 41.57 9.34 25.01

FSLUF vs URI, SUNB, AER: ROE % Comparison

For the Rental & Leasing Services subindustry, First Ship Lease Trust's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's ROE % distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's ROE % falls into.


First Ship Lease Trust ROE % Calculation

First Ship Lease Trust's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=6.857/( (36.55+43.407)/ 2 )
=6.857/39.9785
=17.15 %

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

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=10.218/( (38.298+43.407)/ 2 )
=10.218/40.8525
=25.01 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 25.01% mean?
First Ship Lease Trust (FSLUF) has a ROE % of 25.01% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Ship Lease Trust and its competitors. This is 434% above median its historical median of 4.68. According to the industry distribution chart, First Ship Lease Trust ranks #243 out of 1058 companies in the Business Services industry, placing it in the top 23%.
Is First Ship Lease Trust's ROE % too high?
First Ship Lease Trust's current ROE % of 25.01% is 434% above median its 10-year median of 4.68. The Business Services industry median ROE % is 8.10. First Ship Lease Trust's value of 25.01% is 209% above this industry median. Based on the distribution chart, First Ship Lease Trust ranks #243 out of 1058 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does First Ship Lease Trust's ROE % compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #243 out of 1058 companies for ROE %. This places First Ship Lease Trust in the top 23% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. First Ship Lease Trust's value of 25.01% is 209% above this benchmark. While the company's 10-year median is 4.68 vs. the industry median of 8.10, First Ship Lease Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Ship Lease Trust's current ROE % of 25.01% is 209% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Ship Lease Trust and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current ROE % is 25.01%, which is 434% above median its own 10-year median of 4.68. 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 ROE % of 25.01%. 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 ROE % is 25.01%, which is 434% above median its 10-year median of 4.68 and 209% above the Business Services industry median of 8.10. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For First Ship Lease Trust (FSLUF), the current ROE % is 25.01% 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.