International Seaways (INSW) Financials

$36.64 +0.34 (+0.93%)

Closing price 03:59 PM Eastern

Extended Trading

$37.22 +0.58 (+1.59%)

As of 07:44 PM Eastern

Annual Income Statements for International Seaways

This table shows International Seaways' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	417	556	388	-133	-5.53	-366	-89	-106	-18	-	-
Consolidated Net Income / (Loss)	417	556	388	-135	-5.53	-1.66	-89	-106	-18	-	0.00
Net Income / (Loss) Continuing Operations	417	556	388	-135	-5.53	-366	-89	-106	-18	-	-
Total Pre-Tax Income	416	560	388	-133	-5.53	-0.83	-89	-106	-18	-	-
Total Operating Income	455	615	443	-112	40	55	-55	-108	7.21	-	-
Total Gross Profit	952	1,072	865	273	422	0.00	270	290	385	-	-
Total Revenue	952	1,072	865	273	422	0.00	270	290	398	-	-
Operating Revenue	952	1,072	865	273	422	-	270	290	398	-	-
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13	-	-
Total Operating Expenses	496	456	422	385	382	310	325	398	378	-	-
Selling, General & Admin Expense	55	47	46	33	29	27	24	24	30	-	-
Depreciation Expense	149	129	110	87	74	76	72	79	80	-	-
Other Operating Expenses / (Income)	324	316	285	275	178	207	208	208	188	-	-
Other Special Charges / (Income)	-33	-36	-20	-9.75	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-40	-55	-55	-21	-45	-56	-35	1.90	-25	-	-
Interest Expense	50	66	58	37	37	66	60	41	40	-	-
Interest & Investment Income	0.00	0.00	0.71	22	4.12	11	29	49	17	-	-
Other Income / (Expense), net	10	11	2.33	-5.95	-13	-0.94	-3.72	-5.82	-1.35	-	-
Income Tax Expense	-1.08	3.88	0.09	1.62	0.00	0.00	-0.11	0.04	0.44	-	-
Basic Earnings per Share	$8.45	$11.35	$7.85	($3.48)	($0.20)	($0.03)	($3.05)	($3.64)	($0.62)	-	-
Weighted Average Basic Shares Outstanding	49.27M	48.98M	49.38M	38.41M	28.37M	29.23M	29.14M	29.16M	29.16M	-	-
Diluted Earnings per Share	$8.38	$11.25	$7.77	($3.48)	($0.20)	($0.03)	($3.05)	($3.64)	($0.62)	-	-
Weighted Average Diluted Shares Outstanding	49.68M	49.43M	49.84M	38.41M	28.37M	29.23M	29.14M	29.16M	29.16M	-	-
Weighted Average Basic & Diluted Shares Outstanding	49.19M	48.93M	49.12M	49.60M	28.37M	29.23M	29.14M	29.16M	29.20M	-	-
Cash Dividends to Common per Share	$5.77	$6.29	$1.42	-	-	-	-	$6.93	$6.93	$6.86	-

This table shows International Seaways' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	50	36	92	145	144	132	98	154	173	218	113
Consolidated Net Income / (Loss)	50	36	92	145	144	132	98	154	173	218	113
Net Income / (Loss) Continuing Operations	50	36	92	145	144	132	98	154	173	218	113
Total Pre-Tax Income	50	35	92	145	144	136	98	154	173	218	113
Total Operating Income	59	45	101	155	154	147	114	169	185	232	128
Total Gross Profit	183	195	225	257	274	251	242	292	287	338	237
Total Revenue	183	195	225	257	274	251	242	292	287	338	237
Operating Revenue	183	195	225	257	274	251	242	292	287	338	237
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-0.03	0.00
Total Operating Expenses	124	150	124	103	120	103	128	124	102	106	108
Selling, General & Admin Expense	13	15	14	13	12	12	12	12	11	13	12
Depreciation Expense	40	39	39	37	34	34	33	32	30	28	28
Other Operating Expenses / (Income)	81	86	84	81	74	83	82	80	72	74	69
Other Special Charges / (Income)	-10	8.75	-13	-28	-0.05	-25	0.07	0.03	-11	-	-
Total Other Income / (Expense), net	-9.61	-10	-9.29	-10	-9.93	-12	-16	-15	-13	-14	-15
Interest Expense	11	12	12	12	13	14	17	18	17	17	15
Other Income / (Expense), net	1.84	1.59	3.21	2.36	2.95	2.34	0.65	3.38	4.28	2.77	0.36
Basic Earnings per Share	$1.00	$0.72	$1.85	$2.93	$2.95	$2.71	$2.00	$3.13	$3.51	$4.42	$2.30
Weighted Average Basic Shares Outstanding	49.31M	49.27M	49.54M	49.39M	48.97M	48.98M	48.86M	49.03M	49.14M	49.38M	49.31M
Diluted Earnings per Share	$1.00	$0.71	$1.84	$2.91	$2.92	$2.68	$1.99	$3.11	$3.47	$4.37	$2.28
Weighted Average Diluted Shares Outstanding	49.53M	49.68M	49.88M	49.72M	49.38M	49.43M	49.28M	49.40M	49.65M	49.84M	49.74M
Weighted Average Basic & Diluted Shares Outstanding	49.34M	49.19M	49.19M	49.69M	49.37M	48.93M	48.91M	48.89M	49.23M	49.12M	49.08M

This table details how cash moves in and out of International Seaways' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	31	-117	145	-117	65	33	47	-21	-226	131	4.30
Net Cash From Operating Activities	547	688	288	-76	216	87	-12	17	129	223	-253
Net Cash From Continuing Operating Activities	547	688	288	-76	216	87	-12	17	129	223	-253
Net Income / (Loss) Continuing Operations	417	556	388	-135	-5.53	-0.83	-89	-106	-18	173	-119
Consolidated Net Income / (Loss)	417	556	388	-135	-5.53	-0.83	-89	-106	-18	173	-119
Depreciation Expense	149	129	110	87	74	76	72	79	80	82	85
Amortization Expense	4.11	5.62	6.07	4.74	2.90	6.92	6.21	6.42	6.64	5.84	2.01
Non-Cash Adjustments To Reconcile Net Income	-85	-57	-50	-11	103	-5.41	42	50	64	-54	-249
Changes in Operating Assets and Liabilities, net	62	55	-167	-22	41	11	-45	-12	-3.29	16	28
Net Cash From Investing Activities	-155	-124	43	133	32	108	124	-137	2.45	114	16
Net Cash From Continuing Investing Activities	-155	-124	43	133	32	108	124	-137	2.45	114	16
Purchase of Property, Plant & Equipment	-1.39	-1.47	-0.71	-0.98	-0.51	-0.57	-1.10	-0.41	-2.90	-0.96	-21
Divestitures	0.00	0.00	139	54	0.00	123	0.00	-	-	-	-
Sale and/or Maturity of Investments	185	255	25	0.00	0.00	2.34	3.68	-	-	-	-
Other Investing Activities, net	-339	-378	-120	80	31	-17	121	-136	5.35	98	-41
Net Cash From Financing Activities	-361	-681	-186	-174	-183	-163	-64	98	-357	-206	241
Net Cash From Continuing Financing Activities	-361	-681	-186	-174	-183	-163	-64	98	-357	-206	241
Repayment of Debt	-116	-437	-800	-619	-505	-162	-134	-513	-155	-6.28	-317
Repurchase of Common Equity	-25	-14	-20	-17	-30	0.00	0.00	-3.18	0.00	0.00	-
Payment of Dividends	-284	-308	-70	-46	-6.77	0.00	0.00	-	-	-200	-
Issuance of Debt	120	50	641	84	363	-0.10	70	-	0.00	0.00	606
Other Financing Activities, net	-56	28	63	425	-4.22	-0.37	-0.41	615	-202	0.00	-53

This table details how cash moves in and out of International Seaways' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-25	54	-73	37	13	-12	23	-59	-69	68	-56
Net Cash From Operating Activities	70	94	129	168	156	125	148	194	221	182	91
Net Cash From Continuing Operating Activities	70	94	129	168	156	125	148	194	221	182	91
Net Income / (Loss) Continuing Operations	50	36	92	145	144	132	98	154	173	218	113
Consolidated Net Income / (Loss)	50	36	92	145	144	132	98	154	173	218	113
Depreciation Expense	40	39	39	37	34	34	33	32	30	28	28
Amortization Expense	0.98	1.02	1.03	1.02	1.04	1.13	1.36	1.57	1.56	1.59	1.83
Non-Cash Adjustments To Reconcile Net Income	-24	-2.70	-34	-40	-8.38	-29	-4.38	-2.45	-22	-15	-6.22
Changes in Operating Assets and Liabilities, net	3.90	20	32	26	-15	-12	20	8.30	39	-52	-45
Net Cash From Investing Activities	37	-18	-41	-54	-43	45	39	-136	-72	-9.23	-113
Net Cash From Continuing Investing Activities	37	-18	-41	-54	-43	45	39	-136	-72	-9.23	-113
Purchase of Property, Plant & Equipment	-0.38	-0.51	-0.08	-0.10	-0.70	-0.44	-0.45	-0.06	-0.52	-0.04	-0.17
Sale and/or Maturity of Investments	0.00	50	-	75	60	40	80	70	65	25	-
Other Investing Activities, net	37	-67	-41	-128	-102	5.72	-41	-206	-137	-34	-111
Net Cash From Financing Activities	-132	-21	-161	-78	-101	-183	-165	-116	-218	-104	-35
Net Cash From Continuing Financing Activities	-132	-21	-161	-78	-101	-183	-165	-116	-218	-104	-35
Repayment of Debt	-102	-20	-50	-26	-20	-109	-134	-56	-138	-696	615
Payment of Dividends	-34	-59	-74	-87	-65	-61	-69	-79	-98	-55	-5.89
Issuance of Debt	20	70	-	-	-	-	50	-	-	641	-641
Other Financing Activities, net	-16	-12	-13	-15	-16	-13	-11	33	18	5.69	17

This table presents International Seaways' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,636	2,522	2,615	2,347	1,587	1,754	1,849	2,751	1,663	2,030
Total Current Assets	376	465	643	224	257	187	168	134	171	397
Cash & Equivalents	158	127	244	98	199	90	58	62	92	309
Short-Term Investments	0.00	60	80	0.00	-	-	-	-	-	-
Note & Lease Receivable	14	14	13	5.65	4.48	3.94	5.25	4.42	5.30	4.46
Accounts Receivable	186	247	290	107	43	84	95	58	67	75
Inventories, net	1.88	1.33	0.53	2.11	3.60	3.90	3.07	3.27	1.34	3.40
Prepaid Expenses	16	10	9.00	12	6.00	5.99	5.91	6.46	5.35	5.07
Other Current Assets	2.08	5.08	6.99	0.00	-	-	0.46	11	-	-
Plant, Property, & Equipment, net	2,050	1,914	1,680	1,803	1,108	1,293	1,331	1,105	1,100	1,240
Total Noncurrent Assets	210	142	293	319	221	274	350	1,502	392	393
Long-Term Investments	35	32	36	180	142	153	268	1,460	359	345
Other Noncurrent Operating Assets	174	111	213	137	63	60	23	38	33	39
Total Liabilities & Shareholders' Equity	2,636	2,522	2,615	2,347	1,587	1,754	1,849	2,751	1,663	2,030
Total Liabilities	780	805	1,128	1,176	614	731	839	580	483	646
Total Current Liabilities	131	196	257	235	109	114	75	48	45	48
Short-Term Debt	50	127	163	179	61	70	52	24	6.18	6.28
Accounts Payable	66	58	51	45	34	28	23	23	38	31
Other Current Liabilities	15	10	43	11	13	17	0.71	0.41	0.68	11
Total Noncurrent Liabilities	649	609	870	942	506	617	763	532	438	598
Long-Term Debt	638	595	861	926	474	591	759	529	433	589
Capital Lease Obligations	8.72	12	-	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	2.35	2.63	9.62	16	31	26	4.36	2.72	4.44	8.81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,856	1,717	1,488	1,170	972	1,022	1,010	2,171	1,180	1,384
Total Preferred & Common Equity	1,856	1,717	0.00	1,170	972	1,022	1,010	2,171	1,180	1,384
Total Common Equity	1,856	1,717	1,488	1,170	972	1,022	1,010	2,171	1,180	1,384
Common Stock	1,505	1,491	1,502	1,591	1,281	1,313	1,309	2,613	1,306	1,355
Retained Earnings	359	227	-21	-409	-276	-270	-269	-361	-74	93
Accumulated Other Comprehensive Income / (Loss)	-7.86	-1.06	6.96	-12	-33	-21	-30	-81	-52	-64

This table presents International Seaways' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,542	2,588	2,675	2,551	2,561	2,656	2,572	2,460
Total Current Assets	327	372	435	490	474	560	563	510
Cash & Equivalents	133	103	176	140	139	116	156	174
Short-Term Investments	0.00	50	0.00	75	75	120	105	80
Note & Lease Receivable	16	16	17	12	11	13	12	7.89
Accounts Receivable	160	191	223	243	220	241	248	230
Inventories, net	0.57	0.38	1.85	0.59	1.14	0.63	0.70	0.87
Prepaid Expenses	16	9.72	12	15	12	15	16	11
Other Current Assets	1.59	2.09	4.53	5.05	16	54	6.27	4.80
Plant, Property, & Equipment, net	2,003	2,045	2,082	1,891	1,948	1,978	1,776	1,708
Total Noncurrent Assets	213	170	159	171	139	118	233	243
Long-Term Investments	37	34	33	34	34	33	34	38
Other Noncurrent Operating Assets	175	124	111	119	106	86	177	203
Total Liabilities & Shareholders' Equity	2,542	2,588	2,675	2,551	2,561	2,656	2,572	2,460
Total Liabilities	674	713	787	757	911	1,035	1,014	1,131
Total Current Liabilities	118	103	112	180	187	247	227	221
Short-Term Debt	50	50	50	128	135	200	156	167
Accounts Payable	56	46	52	42	43	47	53	46
Other Current Liabilities	12	7.67	10	10	9.78	0.45	19	8.32
Total Noncurrent Liabilities	555	610	676	577	724	788	787	910
Long-Term Debt	545	601	663	564	707	778	777	901
Capital Lease Obligations	6.95	6.77	6.96	9.27	-	-	-	-
Other Noncurrent Operating Liabilities	3.43	2.46	5.49	3.31	17	9.84	9.62	9.68
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,869	1,875	1,887	1,795	1,650	1,620	1,557	1,329
Total Preferred & Common Equity	1,869	1,875	1,887	1,795	0.00	0.00	0.00	1,329
Total Common Equity	1,869	1,875	1,887	1,795	1,650	1,620	1,557	1,329
Common Stock	1,503	1,502	1,524	1,489	1,489	1,487	1,502	1,558
Retained Earnings	374	382	364	307	156	127	53	-240
Accumulated Other Comprehensive Income / (Loss)	-8.81	-9.22	-1.42	-0.30	5.16	5.76	2.90	11

This table displays calculated financial ratios and metrics derived from International Seaways' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.21%	23.95%	217.25%	-35.36%	0.00%	-100.00%	-6.80%	-27.17%	0.00%	0.00%	0.00%
EBITDA Growth	-18.65%	35.50%	2,205.22%	-125.57%	-23.75%	570.78%	171.59%	-130.83%	5.60%	0.63%	0.00%
EBIT Growth	-25.67%	40.70%	476.84%	-536.33%	-50.09%	193.10%	48.80%	-2,041.02%	0.00%	0.00%	0.00%
NOPAT Growth	-25.32%	38.10%	663.79%	-381.19%	-27.71%	201.17%	49.48%	-1,597.78%	0.00%	0.00%	0.00%
Net Income Growth	-25.11%	43.45%	388.05%	-2,334.64%	-233.19%	98.13%	16.16%	-482.17%	0.00%	0.00%	0.00%
EPS Growth	-25.51%	44.79%	323.28%	-1,640.00%	-566.67%	99.02%	16.21%	-487.10%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-20.52%	139.19%	477.73%	-135.25%	147.06%	801.01%	-171.74%	-86.51%	-42.10%	187.94%	0.00%
Free Cash Flow Firm Growth	-38.04%	84.99%	131.02%	-458.93%	175.94%	134.56%	-145.94%	-171.84%	111.61%	0.00%	0.00%
Invested Capital Growth	5.72%	3.75%	7.81%	73.53%	-16.64%	-3.81%	19.28%	2.93%	-11.23%	0.00%	0.00%
Revenue Q/Q Growth	-5.57%	-7.54%	39.20%	-42.52%	460.92%	-100.00%	13.01%	-5.35%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-13.59%	-9.60%	88.30%	75.17%	-57.79%	66.72%	137.19%	-191.36%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-18.12%	-12.03%	142.80%	37.57%	-83.90%	11,211.68%	56.82%	-112.18%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	-17.58%	-12.71%	135.63%	41.07%	-84.89%	108.87%	66.03%	-129.49%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-18.77%	-13.43%	187.69%	37.92%	-104.38%	83.00%	52.34%	-45.08%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-19.03%	-13.06%	209.56%	47.67%	-104.54%	90.91%	52.42%	-45.02%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-5.50%	-7.54%	264.11%	-140.47%	-11.02%	201.37%	-253.09%	95.98%	-28.08%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-27.48%	-5.02%	123.40%	-8.81%	21.62%	-7.83%	12.46%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.66%	-0.52%	2.34%	-2.31%	-13.32%	1.91%	-0.15%	-3.06%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%	96.67%	0.00%	0.00%
EBITDA Margin	65.04%	70.98%	64.93%	-9.79%	24.74%	0.00%	7.54%	-9.82%	23.19%	0.00%	0.00%
Operating Margin	47.84%	57.42%	51.19%	-41.14%	9.46%	0.00%	-20.17%	-37.21%	1.81%	0.00%	0.00%
EBIT Margin	48.90%	58.42%	51.46%	-43.33%	6.42%	0.00%	-21.54%	-39.22%	1.47%	0.00%	0.00%
Profit (Net Income) Margin	43.79%	51.92%	44.86%	-49.41%	-1.31%	0.00%	-32.90%	-36.57%	-4.58%	0.00%	0.00%
Tax Burden Percent	100.26%	99.31%	99.98%	101.22%	100.02%	200.24%	99.88%	100.04%	103.23%	0.00%	0.00%
Interest Burden Percent	89.32%	89.50%	87.19%	112.67%	-20.43%	-1.53%	152.88%	93.21%	-301.18%	0.00%	0.00%
Effective Tax Rate	-0.26%	0.69%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	19.87%	27.88%	21.34%	-4.99%	2.21%	0.00%	-2.89%	-6.37%	0.41%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	12.09%	18.60%	14.00%	-16.18%	-10.28%	0.00%	15.77%	-0.14%	59.65%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.45%	6.85%	7.85%	-7.58%	-2.76%	0.00%	-2.70%	0.04%	-1.83%	0.00%	0.00%
Return on Equity (ROE)	23.33%	34.73%	29.19%	-12.57%	-0.55%	-0.16%	-5.59%	-6.33%	-1.42%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	14.31%	24.20%	13.83%	-58.75%	20.36%	6.63%	-20.48%	-9.26%	12.30%	-200.00%	0.00%
Operating Return on Assets (OROA)	18.04%	24.37%	17.94%	-6.00%	1.62%	0.00%	-2.53%	-5.16%	0.32%	0.00%	0.00%
Return on Assets (ROA)	16.16%	21.66%	15.63%	-6.85%	-0.33%	0.00%	-3.87%	-4.81%	-0.99%	0.00%	0.00%
Return on Common Equity (ROCE)	23.33%	34.73%	29.18%	-12.57%	-0.55%	-0.16%	-5.59%	-6.33%	-1.42%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	22.45%	32.41%	0.00%	-11.51%	-0.57%	-0.16%	-8.81%	-4.89%	-1.55%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	456	611	443	-78	28	39	-38	-76	5.04	0.00	0.00
NOPAT Margin	47.96%	57.02%	51.18%	-28.80%	6.62%	0.00%	-14.12%	-26.05%	1.27%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	7.78%	9.28%	7.34%	11.19%	12.49%	10.30%	-18.67%	-6.23%	-59.25%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	17.88%	24.94%	17.62%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.33%	0.00%	0.00%
SG&A Expenses to Revenue	5.82%	4.43%	5.36%	12.19%	6.87%	0.00%	8.99%	8.43%	7.62%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.16%	42.58%	48.81%	141.14%	90.54%	0.00%	120.17%	137.21%	94.86%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	465	626	445	-118	27	54	-58	-114	5.86	0.00	0.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	619	761	561	-27	104	137	20	-28	92	87	87
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.95	1.15	0.93	0.50	0.34	0.61	0.35	0.18	0.25	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.95	1.15	0.93	0.50	0.34	0.61	0.35	0.18	0.25	0.00	0.00
Price to Revenue (P/Rev)	1.86	1.84	1.60	2.13	0.78	0.00	1.30	1.32	0.73	0.00	0.00
Price to Earnings (P/E)	4.24	3.54	3.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	15.72%	1.19%	1.49%	11.85%	2.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	23.57%	28.21%	28.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.96	1.11	0.95	0.71	0.46	0.75	0.58	0.00	0.24	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.39	2.32	2.37	5.17	1.25	0.00	3.09	0.00	0.71	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.67	3.27	3.65	0.00	5.04	7.61	40.97	0.00	3.05	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	4.88	3.97	4.61	0.00	19.41	19.20	0.00	0.00	48.06	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	4.98	4.07	4.63	0.00	18.82	26.96	0.00	0.00	55.84	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.15	3.61	7.12	0.00	2.43	11.90	0.00	0.00	2.18	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.91	4.69	7.15	0.00	2.04	11.16	0.00	0.00	1.84	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.43	0.69	0.94	0.55	0.65	0.80	0.25	0.37	0.43	0.00
Long-Term Debt to Equity	0.35	0.35	0.58	0.79	0.49	0.58	0.75	0.24	0.37	0.43	0.00
Financial Leverage	0.29	0.37	0.56	0.47	0.27	0.38	-0.17	-0.29	-0.03	-0.05	0.00
Leverage Ratio	1.44	1.60	1.87	1.84	1.67	1.77	1.45	1.32	1.44	1.47	0.00
Compound Leverage Factor	1.29	1.43	1.63	2.07	-0.34	-0.03	2.21	1.23	-4.34	0.00	0.00
Debt to Total Capital	27.30%	29.96%	40.76%	48.56%	35.53%	39.27%	44.53%	20.30%	27.15%	30.08%	0.00%
Short-Term Debt to Total Capital	1.96%	5.20%	6.49%	7.85%	4.08%	4.18%	2.83%	0.88%	0.38%	0.32%	0.00%
Long-Term Debt to Total Capital	25.34%	24.76%	34.27%	40.71%	31.46%	35.09%	41.70%	19.41%	26.77%	29.76%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.70%	70.04%	59.25%	51.41%	64.47%	60.73%	55.47%	79.70%	72.85%	69.92%	0.00%
Debt to EBITDA	1.13	0.97	1.82	-41.43	5.14	4.83	39.75	-19.41	4.76	6.80	0.00
Net Debt to EBITDA	0.81	0.68	1.18	-31.00	1.86	3.06	23.73	33.64	-0.12	-0.67	0.00
Long-Term Debt to EBITDA	1.05	0.80	1.53	-34.73	4.55	4.32	37.22	-18.57	4.69	6.73	0.00
Debt to NOPAT	1.53	1.20	2.31	-14.08	19.19	17.12	-21.24	-7.32	87.15	0.00	0.00
Net Debt to NOPAT	1.10	0.84	1.50	-10.53	6.97	10.83	-12.68	12.68	-2.19	0.00	0.00
Long-Term Debt to NOPAT	1.42	0.99	1.94	-11.80	16.99	15.30	-19.89	-7.00	85.92	0.00	0.00
Altman Z-Score	2.61	2.97	1.79	0.00	0.51	0.45	0.15	0.22	0.64	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.87	2.38	2.50	0.96	2.36	1.64	2.23	2.80	3.79	8.19	0.00
Quick Ratio	2.73	2.29	2.43	0.90	2.27	1.55	2.10	2.59	3.64	8.02	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	329	530	287	-924	258	93	-270	-110	153	-1,316	0.00
Operating Cash Flow to CapEx	39,476.05%	46,798.23%	40,535.35%	-7,782.64%	42,631.16%	15,241.46%	-1,138.69%	4,284.48%	4,454.58%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	6.61	8.07	4.97	-25.12	7.01	1.41	-4.48	-2.66	3.79	0.00	0.00
Operating Cash Flow to Interest Expense	11.01	10.47	4.99	-2.07	5.89	1.32	-0.21	0.42	3.20	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	10.98	10.45	4.97	-2.10	5.87	1.31	-0.23	0.41	3.12	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.42	0.35	0.14	0.25	0.00	0.12	0.13	0.22	0.00	0.00
Accounts Receivable Turnover	4.40	3.99	4.36	3.62	6.63	0.00	3.54	4.64	5.62	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.61	0.00	0.00
Fixed Asset Turnover	0.48	0.60	0.50	0.19	0.35	0.00	0.22	0.26	0.34	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38	0.00	0.00
Days Sales Outstanding (DSO)	82.98	91.43	83.77	100.75	55.06	0.00	103.15	78.70	65.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	65.09	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	948.93	0.00	0.00
Cash Conversion Cycle (CCC)	82.98	91.43	83.77	100.75	55.06	0.00	103.15	78.70	-818.85	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,360	2,233	2,152	1,996	1,150	1,380	1,435	1,203	1,168	1,316	0.00
Invested Capital Turnover	0.41	0.49	0.42	0.17	0.33	0.00	0.21	0.24	0.32	0.00	0.00
Increase / (Decrease) in Invested Capital	128	81	156	846	-230	-55	232	34	-148	1,316	0.00
Enterprise Value (EV)	2,272	2,488	2,049	1,409	525	1,041	835	-574	282	0.00	0.00
Market Capitalization	1,768	1,972	1,385	582	331	623	351	384	293	0.00	0.00
Book Value per Share	$37.73	$35.10	$30.31	$23.08	$34.73	$34.92	$34.60	$74.64	$40.45	$0.00	$0.00
Tangible Book Value per Share	$37.73	$35.10	$30.31	$23.06	$34.73	$34.92	$34.60	$74.64	$40.45	$0.00	$0.00
Total Capital	2,553	2,451	2,511	2,275	1,508	1,683	1,821	2,724	1,619	1,979	0.00
Total Debt	697	734	1,023	1,105	536	661	811	553	440	595	0.00
Total Long-Term Debt	647	607	861	926	474	591	759	529	433	589	0.00
Net Debt	504	516	664	827	195	418	484	-958	-11	-59	0.00
Capital Expenditures (CapEx)	1.39	1.47	0.71	0.98	0.51	0.57	1.10	0.41	2.90	-16	-57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	138	210	224	71	10	54	86	59	40	46	0.00
Debt-free Net Working Capital (DFNWC)	295	397	548	169	209	143	144	110	132	355	0.00
Net Working Capital (NWC)	245	269	385	-10	148	73	92	86	126	348	0.00
Net Nonoperating Expense (NNE)	40	55	55	56	33	40	51	31	23	0.00	0.00
Net Nonoperating Obligations (NNO)	504	516	664	826	178	358	425	-969	-11	-68	0.00
Total Depreciation and Amortization (D&A)	154	135	116	91	77	83	79	85	87	87	87
Debt-free, Cash-free Net Working Capital to Revenue	14.50%	19.60%	25.94%	25.95%	2.38%	0.00%	31.66%	20.37%	10.04%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	31.05%	37.03%	63.39%	61.86%	49.67%	0.00%	53.23%	37.97%	33.14%	0.00%	0.00%
Net Working Capital to Revenue	25.79%	25.14%	44.55%	-3.71%	35.09%	0.00%	34.16%	29.68%	31.58%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.45	$11.35	$7.85	($3.48)	($0.20)	($0.03)	($3.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	49.27M	48.98M	49.38M	38.41M	28.01M	29.28M	29.14M	29.11M	29.20M	0.00	0.00
Adjusted Diluted Earnings per Share	$8.38	$11.25	$7.77	($3.48)	($0.20)	($0.03)	($3.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	49.68M	49.43M	49.84M	38.41M	28.01M	29.28M	29.14M	29.11M	29.20M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.20)	($0.03)	($3.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.19M	48.93M	49.12M	49.60M	28.37M	29.23M	29.20M	29.11M	29.20M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	296	575	423	-85	98	39	-24	-15	60	0.00	0.00
Normalized NOPAT Margin	31.08%	53.69%	48.91%	-31.31%	23.24%	0.00%	-9.02%	-5.09%	15.19%	0.00%	0.00%
Pre Tax Income Margin	43.68%	52.28%	44.87%	-48.81%	-1.31%	0.00%	-32.94%	-36.55%	-4.43%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.36	9.52	7.71	-3.21	0.74	0.82	-0.97	-2.76	0.15	0.00	0.00
NOPAT to Interest Expense	9.18	9.29	7.67	-2.13	0.76	0.58	-0.63	-1.83	0.13	0.00	0.00
EBIT Less CapEx to Interest Expense	9.33	9.50	7.70	-3.24	0.72	0.81	-0.99	-2.77	0.07	0.00	0.00
NOPAT Less CapEx to Interest Expense	9.15	9.27	7.65	-2.16	0.75	0.57	-0.65	-1.84	0.05	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	68.25%	55.38%	18.01%	-34.31%	-122.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	74.25%	57.89%	23.17%	-46.68%	-664.74%	0.00%	0.00%	-2.99%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from International Seaways' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-33.17%	-22.38%	-6.83%	-11.91%	-4.43%	-25.85%	2.06%	55.26%	182.94%	257.20%	179.23%
EBITDA Growth	-47.18%	-52.77%	-3.35%	-5.53%	-12.74%	-30.46%	-5.56%	78.41%	887.79%	13,310.67%	554.27%
EBIT Growth	-61.23%	-68.84%	-9.25%	-8.67%	-16.99%	-36.39%	-10.84%	98.20%	3,338.45%	989.61%	304.61%
NOPAT Growth	-61.68%	-67.65%	-11.50%	-8.01%	-16.66%	-38.25%	-11.14%	92.70%	4,803.50%	1,756.09%	391.98%
Net Income Growth	-65.70%	-72.88%	-6.38%	-5.88%	-16.30%	-39.52%	-13.66%	122.73%	1,427.84%	730.68%	267.10%
EPS Growth	-65.75%	-73.51%	-7.54%	-6.43%	-15.85%	-38.67%	-12.72%	125.36%	1,434.62%	591.01%	258.33%
Operating Cash Flow Growth	-55.29%	-25.39%	-13.02%	-13.27%	-29.15%	-30.90%	62.51%	459.22%	1,216.33%	768.66%	444.54%
Free Cash Flow Firm Growth	-92.86%	-229.35%	101.68%	167.77%	126.09%	-18.04%	-139.93%	83.47%	104.29%	108.92%	109.07%
Invested Capital Growth	2.37%	5.72%	4.48%	2.91%	3.27%	3.75%	6.74%	14.58%	7.32%	7.81%	2.91%
Revenue Q/Q Growth	-5.76%	-13.58%	-12.52%	-6.19%	9.44%	3.73%	-17.28%	1.77%	-15.09%	42.79%	25.84%
EBITDA Q/Q Growth	16.74%	-39.72%	-25.77%	1.10%	4.40%	23.35%	-27.44%	-6.62%	-16.81%	67.54%	37.07%
EBIT Q/Q Growth	30.84%	-55.24%	-33.70%	-0.15%	5.17%	30.34%	-33.27%	-9.24%	-19.42%	82.71%	48.34%
NOPAT Q/Q Growth	27.40%	-54.00%	-34.77%	0.24%	7.57%	25.81%	-32.19%	-9.20%	-20.29%	81.05%	47.05%
Net Income Q/Q Growth	38.36%	-60.93%	-36.65%	0.16%	9.37%	34.90%	-36.31%	-10.93%	-20.97%	92.57%	64.30%
EPS Q/Q Growth	40.85%	-61.41%	-36.77%	-0.34%	8.96%	34.67%	-36.01%	-10.37%	-20.60%	91.67%	65.22%
Operating Cash Flow Q/Q Growth	-25.29%	-27.50%	-23.11%	7.35%	24.67%	-15.48%	-23.33%	-12.31%	21.60%	98.78%	163.84%
Free Cash Flow Firm Q/Q Growth	107.32%	-17,653.36%	-99.47%	4.25%	32.65%	328.27%	78.53%	-447.80%	-51.91%	11.21%	108.89%
Invested Capital Q/Q Growth	-2.53%	0.66%	-2.20%	6.69%	0.66%	-0.52%	-3.67%	7.05%	1.14%	2.34%	3.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.01%	100.00%
EBITDA Margin	55.46%	44.76%	64.18%	75.63%	70.18%	73.57%	61.86%	70.52%	76.86%	78.44%	66.85%
Operating Margin	32.27%	23.14%	44.84%	60.13%	56.28%	58.75%	47.23%	57.73%	64.53%	68.75%	54.22%
EBIT Margin	33.27%	23.96%	46.26%	61.05%	57.35%	59.68%	47.50%	58.88%	66.03%	69.57%	54.37%
Profit (Net Income) Margin	27.03%	18.41%	40.72%	56.22%	52.66%	52.69%	40.52%	52.62%	60.12%	64.59%	47.89%
Tax Burden Percent	100.00%	103.12%	100.00%	100.00%	100.00%	97.46%	99.95%	99.75%	100.00%	99.99%	99.99%
Interest Burden Percent	81.23%	74.49%	88.01%	92.09%	91.81%	90.59%	85.35%	89.59%	91.06%	92.85%	88.09%
Effective Tax Rate	0.00%	-3.12%	0.00%	0.00%	0.00%	2.54%	0.05%	0.25%	0.00%	0.01%	0.01%
Return on Invested Capital (ROIC)	12.21%	9.89%	19.69%	26.06%	26.95%	27.99%	25.18%	30.47%	32.24%	28.66%	16.25%
ROIC Less NNEP Spread (ROIC-NNEP)	10.04%	7.81%	17.95%	24.41%	25.09%	26.05%	22.81%	28.55%	30.53%	26.78%	14.34%
Return on Net Nonoperating Assets (RNNOA)	2.42%	2.23%	5.42%	8.49%	8.02%	9.59%	10.48%	15.14%	16.61%	15.01%	8.76%
Return on Equity (ROE)	14.63%	12.12%	25.11%	34.54%	34.97%	37.58%	35.65%	45.60%	48.86%	43.67%	25.01%
Cash Return on Invested Capital (CROIC)	13.49%	14.31%	19.75%	21.11%	23.02%	24.20%	25.70%	19.16%	23.07%	13.83%	6.19%
Operating Return on Assets (OROA)	11.24%	8.84%	18.11%	23.46%	23.71%	24.90%	21.93%	27.08%	28.09%	24.25%	13.78%
Return on Assets (ROA)	9.13%	6.79%	15.94%	21.61%	21.77%	21.99%	18.71%	24.20%	25.58%	22.51%	12.14%
Return on Common Equity (ROCE)	14.63%	12.12%	25.11%	34.54%	34.97%	37.58%	35.65%	45.60%	48.85%	43.66%	24.72%
Return on Equity Simple (ROE_SIMPLE)	17.22%	0.00%	27.37%	27.51%	29.43%	0.00%	0.00%	0.00%	0.00%	0.00%	10.15%
Net Operating Profit after Tax (NOPAT)	59	46	101	155	154	144	114	168	185	232	128
NOPAT Margin	32.27%	23.87%	44.84%	60.13%	56.28%	57.25%	47.21%	57.58%	64.53%	68.75%	54.22%
Net Nonoperating Expense Percent (NNEP)	2.17%	2.08%	1.74%	1.65%	1.85%	1.94%	2.36%	1.92%	1.71%	1.88%	1.90%
Return On Investment Capital (ROIC_SIMPLE)	2.40%	1.82%	-	-	-	5.86%	-	-	-	9.26%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%
SG&A Expenses to Revenue	7.26%	7.82%	6.39%	5.22%	4.51%	4.94%	5.09%	3.94%	3.92%	3.99%	5.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.73%	76.86%	55.16%	39.87%	43.72%	41.25%	52.77%	42.27%	35.47%	31.25%	45.78%
Earnings before Interest and Taxes (EBIT)	61	47	104	157	157	150	115	172	190	235	129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	87	145	195	193	184	150	206	221	265	158
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.87	0.95	1.37	1.55	1.41	1.15	1.19	1.03	1.12	0.93	1.04
Price to Tangible Book Value (P/TBV)	0.87	0.95	1.37	1.55	1.41	1.15	1.19	1.03	1.12	0.93	1.04
Price to Revenue (P/Rev)	1.90	1.86	2.54	2.85	2.39	1.84	1.69	1.45	1.66	1.60	2.22
Price to Earnings (P/E)	5.08	4.24	4.99	5.62	4.79	3.54	3.05	2.54	3.03	3.57	10.20
Dividend Yield	15.51%	15.72%	8.86%	5.39%	3.02%	1.19%	1.20%	1.41%	1.36%	1.49%	1.29%
Earnings Yield	19.70%	23.57%	20.02%	17.79%	20.90%	28.21%	32.77%	39.32%	32.97%	28.00%	9.80%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.96	1.29	1.43	1.33	1.11	1.14	1.02	1.08	0.95	1.03
Enterprise Value to Revenue (EV/Rev)	2.40	2.39	3.01	3.35	2.81	2.32	2.20	2.06	2.25	2.37	3.47
Enterprise Value to EBITDA (EV/EBITDA)	3.91	3.67	4.23	4.76	4.07	3.27	3.04	2.80	3.10	3.65	7.23
Enterprise Value to EBIT (EV/EBIT)	5.60	4.88	5.34	5.92	5.02	3.97	3.59	3.28	3.68	4.61	11.77
Enterprise Value to NOPAT (EV/NOPAT)	5.74	4.98	5.48	6.05	5.14	4.07	3.65	3.34	3.72	4.63	11.48
Enterprise Value to Operating Cash Flow (EV/OCF)	4.48	4.15	5.24	5.73	4.78	3.61	3.43	3.47	4.46	7.12	27.29
Enterprise Value to Free Cash Flow (EV/FCFF)	6.73	6.91	6.69	6.87	5.85	4.69	4.58	5.70	4.86	7.15	16.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.38	0.35	0.38	0.39	0.43	0.51	0.60	0.60	0.69	0.80
Long-Term Debt to Equity	0.30	0.35	0.32	0.36	0.32	0.35	0.43	0.48	0.50	0.58	0.68
Financial Leverage	0.24	0.29	0.30	0.35	0.32	0.37	0.46	0.53	0.54	0.56	0.61
Leverage Ratio	1.39	1.44	1.46	1.52	1.53	1.60	1.69	1.76	1.81	1.87	1.90
Compound Leverage Factor	1.13	1.08	1.29	1.40	1.40	1.45	1.44	1.58	1.65	1.73	1.68
Debt to Total Capital	24.36%	27.30%	25.96%	27.60%	28.09%	29.96%	33.78%	37.64%	37.46%	40.76%	44.55%
Short-Term Debt to Total Capital	2.03%	1.96%	1.97%	1.90%	5.11%	5.20%	5.41%	7.69%	6.25%	6.49%	6.97%
Long-Term Debt to Total Capital	22.33%	25.34%	23.99%	25.70%	22.98%	24.76%	28.37%	29.95%	31.21%	34.27%	37.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.64%	72.70%	74.04%	72.40%	71.91%	70.04%	66.22%	62.36%	62.54%	59.25%	55.45%
Debt to EBITDA	1.14	1.13	0.92	1.00	0.96	0.97	1.00	1.15	1.23	1.82	3.58
Net Debt to EBITDA	0.82	0.81	0.66	0.71	0.62	0.68	0.71	0.83	0.81	1.18	2.60
Long-Term Debt to EBITDA	1.04	1.05	0.85	0.93	0.78	0.80	0.84	0.92	1.02	1.53	3.02
Debt to NOPAT	1.67	1.53	1.19	1.27	1.21	1.20	1.20	1.37	1.47	2.31	5.68
Net Debt to NOPAT	1.20	1.10	0.85	0.90	0.78	0.84	0.85	0.99	0.98	1.50	4.13
Long-Term Debt to NOPAT	1.53	1.42	1.10	1.18	0.99	0.99	1.01	1.09	1.23	1.94	4.79
Altman Z-Score	2.18	2.08	3.01	3.14	2.94	2.34	2.11	1.83	1.87	1.53	1.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	1.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.76	2.87	3.60	3.89	2.73	2.38	2.53	2.26	2.47	2.50	2.31
Quick Ratio	2.61	2.73	3.49	3.72	2.61	2.29	2.38	1.98	2.29	2.43	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.95	-81	0.46	87	83	63	-28	-128	37	77	69
Operating Cash Flow to CapEx	18,602.93%	18,502.37%	163,462.03%	167,939.00%	22,316.98%	28,780.50%	33,065.26%	312,312.90%	42,141.60%	504,444.44%	55,367.27%
Free Cash Flow to Firm to Interest Expense	0.52	-6.83	0.04	6.99	6.47	4.46	-1.64	-7.16	2.18	4.49	4.50
Operating Cash Flow to Interest Expense	6.11	7.87	10.33	13.52	12.14	8.91	8.83	10.81	13.03	10.63	5.96
Operating Cash Flow Less CapEx to Interest Expense	6.08	7.83	10.33	13.51	12.09	8.88	8.80	10.81	13.00	10.62	5.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.37	0.39	0.38	0.41	0.42	0.46	0.46	0.43	0.35	0.25
Accounts Receivable Turnover	4.27	4.40	4.90	4.41	4.31	3.99	5.15	5.46	5.70	4.36	3.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Fixed Asset Turnover	0.44	0.48	0.50	0.50	0.58	0.60	0.63	0.62	0.59	0.50	0.34
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	85.53	82.98	74.42	82.70	84.61	91.43	70.84	66.88	64.03	83.77	96.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20,316.37
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	557,390.32
Cash Conversion Cycle (CCC)	85.53	82.98	74.42	82.70	84.61	91.43	70.84	66.88	64.03	83.77	-536,977.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,301	2,360	2,345	2,398	2,247	2,233	2,244	2,330	2,176	2,152	2,103
Invested Capital Turnover	0.38	0.41	0.44	0.43	0.48	0.49	0.53	0.53	0.50	0.42	0.30
Increase / (Decrease) in Invested Capital	53	128	101	68	71	81	142	296	148	156	59
Enterprise Value (EV)	2,065	2,272	3,032	3,430	2,981	2,488	2,556	2,384	2,359	2,049	2,157
Market Capitalization	1,633	1,768	2,562	2,919	2,528	1,972	1,962	1,674	1,740	1,385	1,382
Book Value per Share	$37.99	$37.73	$37.72	$38.23	$36.68	$35.10	$33.75	$32.91	$31.70	$30.31	$26.74
Tangible Book Value per Share	$37.99	$37.73	$37.72	$38.23	$36.68	$35.10	$33.75	$32.91	$31.70	$30.31	$26.74
Total Capital	2,471	2,553	2,532	2,607	2,496	2,451	2,492	2,598	2,490	2,511	2,396
Total Debt	602	697	657	720	701	734	842	978	933	1,023	1,067
Total Long-Term Debt	552	647	607	670	573	607	707	778	777	861	901
Net Debt	432	504	470	510	453	516	594	710	619	664	775
Capital Expenditures (CapEx)	0.38	0.51	0.08	0.10	0.70	0.44	0.45	0.06	0.52	0.04	0.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	126	138	165	196	223	210	207	276	211	224	201
Debt-free Net Working Capital (DFNWC)	258	295	319	372	438	397	421	512	491	548	456
Net Working Capital (NWC)	208	245	269	323	310	269	287	312	335	385	289
Net Nonoperating Expense (NNE)	9.61	11	9.29	10	9.93	11	16	14	13	14	15
Net Nonoperating Obligations (NNO)	432	504	470	510	453	516	594	710	619	664	774
Total Depreciation and Amortization (D&A)	41	40	40	38	35	35	35	34	31	30	30
Debt-free, Cash-free Net Working Capital to Revenue	14.59%	14.50%	16.42%	19.17%	21.09%	19.60%	17.88%	23.92%	20.10%	25.94%	32.39%
Debt-free Net Working Capital to Revenue	30.02%	31.05%	31.64%	36.37%	41.34%	37.03%	36.34%	44.37%	46.71%	63.39%	73.35%
Net Working Capital to Revenue	24.19%	25.79%	26.69%	31.52%	29.30%	25.14%	24.72%	27.06%	31.91%	44.55%	46.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.00	$0.72	$1.85	$2.93	$2.95	$2.71	$2.00	$3.13	$3.51	$4.42	$2.30
Adjusted Weighted Average Basic Shares Outstanding	49.31M	49.27M	49.54M	49.39M	48.97M	48.98M	48.86M	49.03M	49.14M	49.38M	49.31M
Adjusted Diluted Earnings per Share	$1.00	$0.71	$1.84	$2.91	$2.92	$2.68	$1.99	$3.11	$3.47	$4.37	$2.28
Adjusted Weighted Average Diluted Shares Outstanding	49.53M	49.68M	49.88M	49.72M	49.38M	49.43M	49.28M	49.40M	49.65M	49.84M	49.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.34M	49.19M	49.19M	49.69M	49.37M	48.93M	48.91M	48.89M	49.23M	49.12M	49.08M
Normalized Net Operating Profit after Tax (NOPAT)	34	38	61	89	108	119	114	168	122	232	129
Normalized NOPAT Margin	18.76%	19.35%	27.19%	34.52%	39.38%	47.42%	47.24%	57.59%	42.55%	68.75%	54.27%
Pre Tax Income Margin	27.03%	17.85%	40.72%	56.22%	52.66%	54.07%	40.54%	52.75%	60.12%	64.60%	47.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.33	3.92	8.34	12.65	12.21	10.63	6.83	9.60	11.19	13.77	8.40
NOPAT to Interest Expense	5.17	3.90	8.08	12.46	11.98	10.19	6.78	9.39	10.93	13.60	8.37
EBIT Less CapEx to Interest Expense	5.30	3.88	8.33	12.64	12.16	10.60	6.80	9.60	11.16	13.76	8.39
NOPAT Less CapEx to Interest Expense	5.13	3.86	8.07	12.45	11.93	10.16	6.76	9.39	10.90	13.60	8.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.01%	68.25%	55.85%	54.34%	51.96%	55.38%	46.99%	36.23%	28.80%	18.01%	17.14%
Augmented Payout Ratio	79.01%	74.25%	60.73%	54.34%	51.96%	57.89%	49.16%	41.39%	28.80%	23.17%	44.35%

Frequently Asked Questions About International Seaways' Financials

When does International Seaways's fiscal year end?

According to the most recent income statement we have on file, International Seaways' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has International Seaways' net income changed over the last 10 years?

International Seaways' net income appears to be on an upward trend, with a most recent value of $416.72 million in 2024, rising from $0.00 in 2014. The previous period was $556.45 million in 2023. View International Seaways' forecast to see where analysts expect International Seaways to go next.

What is International Seaways's operating income?

International Seaways's total operating income in 2024 was $455.23 million, based on the following breakdown:

Total Gross Profit: $951.61 million
Total Operating Expenses: $496.39 million

How has International Seaways revenue changed over the last 10 years?

Over the last 10 years, International Seaways' total revenue changed from $0.00 in 2014 to $951.61 million in 2024, a change of 95,161,300,000.0%.

How much debt does International Seaways have?

International Seaways' total liabilities were at $780.35 million at the end of 2024, a 3.1% decrease from 2023, and a 20.8% increase since 2015.

How much cash does International Seaways have?

In the past 9 years, International Seaways' cash and equivalents has ranged from $58.31 million in 2018 to $308.86 million in 2015, and is currently $157.51 million as of their latest financial filing in 2024.

How has International Seaways' book value per share changed over the last 10 years?

Over the last 10 years, International Seaways' book value per share changed from 0.00 in 2014 to 37.73 in 2024, a change of 3,773.0%.

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This page (NYSE:INSW) was last updated on 5/29/2025 by MarketBeat.com Staff

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International Seaways (INSW) Financials

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International Seaways (INSW) Financials

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