Gulf Marine Services annual working capital
2020
2021
2022
2023
2024
2025
Gulf Marine Services Working Capital Growth & History (GMS)
Gulf Marine Services's working capital was −$35.8M for fiscal 2025.
View full Gulf Marine Services company overviewGulf Marine Services annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$35.8M | −$10.1M | — |
| 2024 | 2024-12-31 | −$25.7M | $26.4M | — |
| 2023 | 2023-12-31 | −$52.1M | −$36.3M | — |
| 2022 | 2022-12-31 | −$15.8M | −$19.9M | — |
| 2021 | 2021-12-31 | $4.2M | $29.5M | — |
| 2020 | 2020-12-31 | −$25.3M | — | — |
Gulf Marine Services quarterly working capital
Q4.24
Q4.25
| Fiscal quarter | Period ended | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −$35.8M | −$10.1M | — |
| Q4 2024 | 2024-12-31 | −$25.7M | — | — |
Gulf Marine Services working capital trends
Over the last five fiscal years, Gulf Marine Services's working capital decreased from −$25.3M to −$35.8M, a change of −$10.4M. The latest reported quarter, Q4 2025, shows −$35.8M.
About the metric
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
Calculation and source
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Gulf Marine Services source filings ↗Community posts
Gulf Marine Services: conflict disruption and impairment drive an H1 loss
Gulf Marine Services reported interim results on 7 September 2026. Measure H1 2026 H1 2025 Adjusted revenue $84.1m $87.1m Adjusted EBITDA $43.8m $50.8m Reported net profit/(loss) $(14.8)m $3.9m Adjusted net profit $6.9m $14.1m Fleet utilisa ...