Sfl Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Sfl Ltd (SFL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Sfl Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 733M vs 30,070M combined for tracked competitors (2.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+122.6%) for its tracked peer group.
- Growth: Sfl Ltd generated -19.0% revenue growth year over year in Q4 2025, vs -11.5% for its tracked competitors combined.
- Profitability: Its -3.6% net margin compares with 23.5% for the peer group.
- Scale: Sfl Ltd ranks #16 of 57 companies by market capitalization in the Marine Transportation industry, holding 1.6% of industry market cap.
- Peer revenue share: Sfl Ltd accounted for 4.2% of combined revenue among its tracked peer group, down from 4.6% a year earlier.
- Peer differentiation: Revenue per employee of $30.54M compares with $0.73M for the peer group (42.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SFL Sales vs. its Competitors, Q4 2025
Sfl Ltd reported revenue contraction of 18.95 % year on year in Q4 2025, below its competitors' combined revenue change of -11.48 %.
With a net margin of -3.61 %, Sfl Ltd reported lower profitability than its competitors (23.48 %).
Sfl Ltd generated 4.20 % of the combined sales of its peer group, down from 4.56 % a year earlier.
Sfl Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Sfl Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Sfl Corporation Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Sfl Ltd's competitor groups requires a Commercial License.
For context: the Marine Transportation industry grew revenue 2.3% year over year, combined, vs -19.0% for Sfl Ltd. Sfl Ltd's share of combined industry revenue moved from 2.08% to 1.65%, a loss of 0.43 percentage points.
Sfl Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Sfl Corporation Ltd | No | No | No | Yes |
| Competitors combined (27) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SFL Stock Performance relative to its Competitors
SFL Stock Performance relative to Similar-Size Competitors
SFL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nordic American Tankers Ltd | 282.9% | Outperformed |
| 2 | Golden Ocean Group Limited | 282.9% | Outperformed |
| 3 | Matson inc | 282.9% | Outperformed |
| 4 | Frontline Plc | 282.9% | Outperformed |
| 5 | Navios Maritime Partners L p | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Sfl Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Sfl Ltd's Comment on Competition and Industry Peers
The markets for international seaborne oil transportation services, drybulk transportation services, and container and car transportation services are highly fragmented and competitive. Seaborne oil transportation services are generally provided by two main types of operators: major oil companies or captive fleets (both private and state-owned) and independent shipowner fleets.
In addition, several owners and operators pool their vessels together on an ongoing basis, and such pools are available to customers to the same extent as independently owned and operated fleets. Many major oil companies and other commodity carriers also operate their own vessels and use such vessels not only to transport their own cargoes but also to transport cargoes for third parties, in direct competition with independent owners and operators.
Container vessels and car carriers are generally operated by logistics companies, where the vessels are used as an integral part of their services. Therefore, container vessels and car carriers are typically chartered more on a period basis and single voyage chartering is less common. As the market has grown significantly over recent decades, we expect in the future to see more vessels chartered by logistics companies on a shorter term basis, particularly smaller vessels.
Our jack-up drilling rigs, ultra-deepwater drilling units and offshore supply vessels are chartered out on long-term charters to contractors, and therefore we do not expect to be directly exposed to short and medium-term fluctuations in these markets. Jack-up drilling rigs, ultra-deepwater drilling units and offshore supply vessels are normally chartered by oil companies on a shorter-term basis linked to area-specific well drilling or oil exploration activities, but there have also been longer period charters available when oil companies want to cover their longer term requirements for such vessels. Offshore supply vessels, ultra-deepwater drillships and semi-submersible drilling rigs are self-propelled, and can therefore easily move between geographic areas. Jack-up drilling rigs are not self-propelled, but it is common to move these assets over long distances on heavy-lift vessels. Therefore, the markets and competition for these rigs are effectively world-wide.
Competition for charters in all the above sectors is intense and is based upon
price, location, size, age, condition and acceptability of the vessel/rig and
its manager. Competition is also affected by the availability of other size
vessels/rigs to compete in the trades in which we engage. Most of our existing
vessels are chartered at fixed rates on a long-term basis and are thus not directly
affected by competition in the short-term. However, tankers chartered to the
Frontline Charterers and drybulk carriers chartered to UFC are subject to profit
sharing agreements, which will be affected by competition experienced by the
charterers.
Publicly Traded Peers of Sfl Corporation Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Sfl Corporation Ltd | 1,707.21 | 733.04 |
| Expeditors International Of Washington Inc | 24,774.13 | 12,036.00 |
| Matson inc | 6,770.54 | 3,459.20 |
| Frontline Plc | 5,354.08 | 1,971.17 |
| Golar Lng Limited | 5,342.21 | 393.52 |
| Golden Ocean Group Limited | 4,690.11 | 968.42 |
| SUBTOTAL | 76,586.65 | 32,322.24 |
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Sources: Sfl Corporation Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Sfl Corporation Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Sfl Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Matson inc | Ocean Transportation Segment 81.35 % |
| Golar Lng Limited | FLNG 93.19 % |
| Teekay Tankers Ltd | Tankers 86.57 % |
| Danaos Corporation | Container Vessel Segment 91.65 % |
| Costamare Inc | Container Vessels Segment 96.44 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Sfl Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Sfl Corporation Ltd | 1,707 | 30,543,375 | -1,101,292 |
| Expeditors International Of Washington Inc | 24,774 | 601,800 | 46,067 |
| Matson inc | 6,771 | 17,296,000 | 2,319,000 |
| Frontline Plc | 5,354 | 25,599,649 | 4,923,130 |
| Golar Lng Limited | 5,342 | 504,515 | 144,328 |
| Golden Ocean Group Limited | 4,690 | 649,946 | 149,808 |
| PEERS TOTAL | 74,879 | 726,907 | 127,491 |
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Sfl Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Expeditors International Of Washington Inc | US 34.30 % |
| Danaos Corporation | Europe 51.61 % |
| Singularity Future Technology Ltd | CN 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sfl Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 55 companies in Sfl Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Sfl Ltd ranks #16 of 55 companies by market capitalization in its industry, holding 1.57 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 980, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Expeditors International Of Washington Inc | 24,521 | 22.38 % |
| 2 | C h Robinson Worldwide Inc | 17,448 | 15.93 % |
| 3 | Frontline Plc | 10,823 | 9.88 % |
| 4 | Cmb tech Nv | 4,404 | 4.02 % |
| 5 | Brink s Co | 1,234 | 5.2% |
| 6 | Scorpio Tankers Inc | 1,234 | 5.2% |
| 7 | Torm Plc | 1,234 | 5.2% |
| 8 | Zim Integrated Shipping Services Ltd | 1,234 | 5.2% |
| 9 | Dht Holdings Inc | 1,234 | 5.2% |
| 10 | Star Bulk Carriers Corp | 1,234 | 5.2% |
| 16 | Sfl Corporation Ltd | 1,722 | 1.57 % |
Market cap and industry share for the rest of Sfl Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Sfl Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 11 | Danaos Corporation | 2,857 | 66.34 % |
| 12 | Navios Maritime Partners L p | 2,675 | 92.70 % |
| 13 | Okeanis Eco Tankers Corp | 2,595 | 170.45 % |
| 14 | Dorian Lpg Ltd | 2,353 | 75.01 % |
| 15 | Costamare Inc | 1,234 | 12.3% |
| 16 | Sfl Corporation Ltd | 1,722 | 68.93 % |
| 17 | Global Ship Lease Inc | 1,234 | 12.3% |
| 18 | Navigator Holdings Ltd | 1,234 | 12.3% |
| 19 | Tsakos Energy Navigation Limited | 1,234 | 12.3% |
| 20 | Capital Clean Energy Carriers Corp | 1,234 | 12.3% |
| 21 | Teekay Corporation Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Sfl Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Sfl Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Marine Transportation industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 47.92 % (avg) | -47.9 pp |
| Operating Margin | 18.65 % | industry median | -6.1 pp |
| EBITDA Margin | 29.79 % | 22.53 % (avg) | +7.3 pp |
| Capital Intensity (Capex / Revenue) | - | 15.33 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Sfl Ltd's Valuation vs Competitive Position
Valuation multiples vs the Marine Transportation industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 11.0x | - |
| EV / EBITDA | 18.6x | 7.1x | +11.5x |
| P/B | 1.1x | 1.2x | -0.1x |
| Return on Equity | -2.75 % | industry aggregate | -16.90 % |
| Return on Invested Capital | 3.03 % | 4.43 % (avg) | -1.40 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Sfl Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 12.22 % | 20.22 % | -18.95 % |
| Operating Margin | 31.93 % | 33.91 % | 18.65 % |
| Return on Invested Capital | 5.65 % | 5.99 % | 3.03 % |
| P/E | 16.9x | 10.6x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Sfl Ltd's Strategic Group Map
Every company in Sfl Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Sfl Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Sfl Ltd's BCG Growth-Share Matrix
Relative market share (vs Sfl Ltd's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Sfl Ltd falls in the Dog quadrant: relative market share of 0.07x vs its largest competitor, in an industry growing revenue -0.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Sfl Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 980 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Sfl Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Sfl Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Sfl Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Sfl Ltd falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Sfl Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 6.1 points below the industry median.
- Return on equity 16.9 points below the industry aggregate.
- Low relative market share vs the industry leader (0.07x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (30.80 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Sfl Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Sfl Corporation Ltd | 0.21 | 0.36 | 3.32 |
| Expeditors International Of Washington Inc | 0.56 | 1.73 | - |
| Matson inc | 0.21 | 0.86 | 0.13 |
| Frontline Plc | 0.51 | 1.43 | 1.09 |
| Golar Lng Limited | 2.12 | 2.55 | 1.66 |
| Golden Ocean Group Limited | 0.55 | 1.22 | 0.75 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Sfl Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Sfl Corporation Ltd | Q4 2025 | -18.9 % | - |
| Expeditors International Of Washington Inc | Q2 2026 | +32.1 % | +45.3 % |
| Matson inc | Q2 2026 | +16.7 % | +36.6 % |
| Frontline Plc | Q4 2025 | -8.8 % | -23.5 % |
| Golar Lng Limited | Q4 2025 | +32.2 % | +39.3 % |
| Golden Ocean Group Limited | Q4 2024 | +9.3 % | +98.8 % |
| PEERS TOTAL | +0.3 % | -4.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Sfl Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Sfl Corporation Ltd | Q4 2025 | - | - |
| Expeditors International Of Washington Inc | Q2 2026 | +37.8 % | -24.5 % |
| Matson inc | Q2 2026 | - | +140.1 % |
| Frontline Plc | Q4 2025 | - | -98.6 % |
| Golar Lng Limited | Q4 2025 | - | -87.5 % |
| Golden Ocean Group Limited | Q4 2024 | - | -99.1 % |
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Sfl Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Sfl Corporation Ltd | - | - | - |
| Expeditors International Of Washington Inc | 18.81% | 38.74% | 40.73% |
| Matson inc | 10.01% | 14.03% | 16.94% |
| Frontline Plc | 6.59% | 12.61% | 15.10% |
| Golar Lng Limited | 2.11% | 2.32% | 6.11% |
| Golden Ocean Group Limited | 6.61% | 6.81% | 11.75% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Sfl Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Sfl Corporation Ltd | - | 2.33 |
| Expeditors International Of Washington Inc | 27.53 | 2.06 |
| Matson inc | 15.10 | 1.96 |
| Frontline Plc | 14.12 | 2.72 |
| Golar Lng Limited | 81.32 | 13.58 |
| Golden Ocean Group Limited | 20.94 | 4.84 |
| PEERS AVERAGE | 13.89 | 2.37 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.