Go Pro
→ It’s not about Greenland (From Porter & Company) (Ad)tc pixel Free INSW Stock Alerts

International Seaways (INSW) Financials

International Seaways logo
$98.92 -0.34 (-0.34%)
As of 08/28/2026 03:58 PM Eastern
Compare
Annual Income Statements for International Seaways

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 - -18 -106 -89 -366 -5.53 -133 388 556 417 309
Consolidated Net Income / (Loss)		 - -18 -106 -89 -1.66 -5.53 -135 388 556 417 309
Net Income / (Loss) Continuing Operations		 - -18 -106 -89 -366 -5.53 -135 388 556 417 309
Total Pre-Tax Income 		- -18 -106 -89 -0.83 -5.53 -133 388 560 416 309
Total Operating Income		 - 7.21 -108 -55 55 40 -112 443 615 455 345
Total Gross Profit		 - 385 290 270 0.00 422 273 865 1,072 952 843
Total Revenue		 - 398 290 270 0.00 422 273 865 1,072 952 843
Operating Revenue		 - 398 290 270 - 422 273 865 1,072 952 843
Total Cost of Revenue		 - 13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 - 378 398 325 310 382 385 422 456 496 498
Selling, General & Admin Expense		 - 30 24 24 27 29 33 46 47 55 54
Depreciation Expense		 - 80 79 72 76 74 87 110 129 149 164
Other Operating Expenses / (Income)		 - 188 208 208 207 178 275 285 316 324 323
Other Special Charges / (Income)		 - - - - - - -9.75 -20 -36 -33 -43
Total Other Income / (Expense), net		 - -25 1.90 -35 -56 -45 -21 -55 -55 -40 -37
Interest Expense		 - 40 41 60 66 37 37 58 66 50 43
Other Income / (Expense), net		 - -1.35 -5.82 -3.72 -0.94 -13 -5.95 2.33 11 10 6.17
Income Tax Expense		 - 0.44 0.04 -0.11 0.00 0.00 1.62 0.09 3.88 -1.08 -0.41
Basic Earnings per Share		 - ($0.62) ($3.64) ($3.05) ($0.03) ($0.20) ($3.48) $7.85 $11.35 $8.45 $6.27
Weighted Average Basic Shares Outstanding		 - 29.16M 29.16M 29.14M 29.23M 28.37M 38.41M 49.38M 48.98M 49.27M 49.34M
Diluted Earnings per Share		 - ($0.62) ($3.64) ($3.05) ($0.03) ($0.20) ($3.48) $7.77 $11.25 $8.38 $6.23
Weighted Average Diluted Shares Outstanding		 - 29.16M 29.16M 29.14M 29.23M 28.37M 38.41M 49.84M 49.43M 49.68M 49.60M
Weighted Average Basic & Diluted Shares Outstanding		 - 29.20M 29.16M 29.14M 29.23M 28.37M 49.60M 49.12M 48.93M 49.19M 49.43M
Cash Dividends to Common per Share		 $6.86 $6.93 $6.93 - - - - $1.42 $6.29 $5.77 $2.93

Quarterly Income Statements for International Seaways

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 132 144 145 92 36 50 62 71 128 286 295
Consolidated Net Income / (Loss)		 132 144 145 92 36 50 62 71 128 286 295
Net Income / (Loss) Continuing Operations		 132 144 145 92 36 50 62 71 128 286 295
Total Pre-Tax Income 		136 144 145 92 35 61 62 71 127 295 295
Total Operating Income		 147 154 155 101 45 59 69 79 138 289 301
Total Gross Profit		 251 274 257 225 195 183 196 196 268 325 470
Total Revenue		 251 274 257 225 195 183 196 196 268 325 470
Operating Revenue		 251 274 257 225 195 183 196 196 268 325 467
Other Revenue		 - - - - - - 0.00 - - - 2.44
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 103 120 103 124 150 124 126 118 130 37 168
Selling, General & Admin Expense		 12 12 13 14 15 13 12 13 15 9.45 17
Depreciation Expense		 34 34 37 39 39 40 41 41 41 41 40
Other Operating Expenses / (Income)		 83 74 81 84 86 81 84 77 81 75 112
Other Special Charges / (Income)		 -25 -0.05 -28 -13 8.75 -10 -11 -14 -7.63 -88 0.04
Total Other Income / (Expense), net		 -12 -9.93 -10 -9.29 -10 -9.61 -7.72 -8.14 -11 -2.42 -6.42
Interest Expense		 14 13 12 12 12 11 9.76 9.62 12 8.96 11
Interest & Investment Income		 - - - - - 0.00 0.00 - - 3.92 0.00
Other Income / (Expense), net		 2.34 2.95 2.36 3.21 1.59 1.84 2.04 1.49 0.80 2.62 4.14
Income Tax Expense		 3.45 - - -0.00 -1.08 - 0.00 0.00 - - -0.00
Basic Earnings per Share		 $2.71 $2.95 $2.93 $1.85 $0.72 $1.00 $1.25 $1.43 $2.59 $5.78 $5.96
Weighted Average Basic Shares Outstanding		 48.98M 48.97M 49.39M 49.54M 49.27M 49.31M 49.32M 49.35M 49.34M 49.46M 49.49M
Diluted Earnings per Share		 $2.68 $2.92 $2.91 $1.84 $0.71 $1.00 $1.25 $1.42 $2.56 $5.75 $5.91
Weighted Average Diluted Shares Outstanding		 49.43M 49.38M 49.72M 49.88M 49.68M 49.53M 49.48M 49.61M 49.60M 49.71M 49.86M
Weighted Average Basic & Diluted Shares Outstanding		 48.93M 49.37M 49.69M 49.19M 49.19M 49.34M 49.37M 49.39M 49.43M 49.50M 49.53M

Annual Cash Flow Statements for International Seaways

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 131 -226 -21 47 33 65 -117 145 -117 31 -41
Net Cash From Operating Activities		 223 129 17 -12 87 216 -76 288 688 547 380
Net Cash From Continuing Operating Activities		 223 129 17 -12 87 216 -76 288 688 547 380
Net Income / (Loss) Continuing Operations		 173 -18 -106 -89 -0.83 -5.53 -135 388 556 417 309
Consolidated Net Income / (Loss)		 173 -18 -106 -89 -0.83 -5.53 -135 388 556 417 309
Depreciation Expense		 82 80 79 72 76 74 87 110 129 149 164
Amortization Expense		 5.84 6.64 6.42 6.21 6.92 2.90 4.74 6.07 5.62 4.11 4.26
Non-Cash Adjustments To Reconcile Net Income		 -54 64 50 42 -5.41 103 -11 -50 -57 -85 -113
Changes in Operating Assets and Liabilities, net		 16 -3.29 -12 -45 11 41 -22 -167 55 62 16
Net Cash From Investing Activities		 114 2.45 -137 124 108 32 133 43 -124 -155 -141
Net Cash From Continuing Investing Activities		 114 2.45 -137 124 108 32 133 43 -124 -155 -141
Purchase of Property, Plant & Equipment		 -0.96 -2.90 -0.41 -1.10 -0.57 -0.51 -0.98 -0.71 -1.47 -1.39 -1.44
Sale and/or Maturity of Investments		 - - - 3.68 2.34 0.00 0.00 25 255 185 0.00
Other Investing Activities, net		 98 5.35 -136 121 -17 31 80 -120 -378 -339 -140
Net Cash From Financing Activities		 -206 -357 98 -64 -163 -183 -174 -186 -681 -361 -279
Net Cash From Continuing Financing Activities		 -206 -357 98 -64 -163 -183 -174 -186 -681 -361 -279
Repayment of Debt		 -6.28 -155 -513 -134 -162 -505 -619 -800 -437 -116 -237
Repurchase of Common Equity		 0.00 0.00 -3.18 0.00 0.00 -30 -17 -20 -14 -25 0.00
Payment of Dividends		 -200 - - 0.00 0.00 -6.77 -46 -70 -308 -284 -145
Issuance of Debt		 0.00 0.00 - 70 -0.10 363 84 641 50 120 411
Other Financing Activities, net		 0.00 -202 615 -0.41 -0.37 -4.22 425 63 28 -56 -310

Quarterly Cash Flow Statements for International Seaways

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -12 13 37 -73 54 -25 16 264 -296 25 18
Net Cash From Operating Activities		 125 156 168 129 94 70 86 78 146 141 268
Net Cash From Continuing Operating Activities		 125 156 168 129 94 70 86 78 146 141 268
Net Income / (Loss) Continuing Operations		 132 144 145 92 36 50 62 71 128 286 295
Consolidated Net Income / (Loss)		 132 144 145 92 36 50 62 71 128 286 295
Depreciation Expense		 34 34 37 39 39 40 41 41 41 41 40
Amortization Expense		 1.13 1.04 1.02 1.03 1.02 0.98 0.98 1.01 1.28 1.26 1.42
Non-Cash Adjustments To Reconcile Net Income		 -29 -8.38 -40 -34 -2.70 -24 -36 -31 -23 -105 -17
Changes in Operating Assets and Liabilities, net		 -12 -15 26 32 20 3.90 17 -3.84 -1.22 -82 -51
Net Cash From Investing Activities		 45 -43 -54 -41 -18 37 9.57 -21 -167 -38 -68
Net Cash From Continuing Investing Activities		 45 -43 -54 -41 -18 37 9.57 -21 -167 -38 -68
Purchase of Property, Plant & Equipment		 -0.44 -0.70 -0.10 -0.08 -0.51 -0.38 -0.18 -0.07 -0.81 -0.32 -0.07
Sale and/or Maturity of Investments		 40 60 75 - 50 0.00 - - - 40 95
Other Investing Activities, net		 5.72 -102 -128 -41 -67 37 9.75 -21 -166 -73 -163
Net Cash From Financing Activities		 -183 -101 -78 -161 -21 -132 -79 206 -275 -79 -182
Net Cash From Continuing Financing Activities		 -183 -101 -78 -161 -21 -132 -79 206 -275 -79 -182
Repayment of Debt		 -109 -20 -26 -50 -20 -102 -36 -33 -66 -2.58 -25
Payment of Dividends		 -61 -65 -87 -74 -59 -34 -30 -38 -42 -106 -225
Issuance of Debt		 - 0.00 - - 70 20 - 291 101 43 73
Other Financing Activities, net		 -13 -16 -15 -13 -12 -16 -14 -13 -267 -12 -5.36

Annual Balance Sheets for International Seaways

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,030 1,663 2,751 1,849 1,754 1,587 2,347 2,615 2,522 2,636 2,669
Total Current Assets		 397 171 134 168 187 257 224 643 465 376 367
Cash & Equivalents		 309 92 62 58 90 199 98 244 127 158 117
Short-Term Investments		 - - - - - - 0.00 80 60 0.00 50
Note & Lease Receivable		 4.46 5.30 4.42 5.25 3.94 4.48 5.65 13 14 14 14
Accounts Receivable		 75 67 58 95 84 43 107 290 247 186 178
Inventories, net		 3.40 1.34 3.27 3.07 3.90 3.60 2.11 0.53 1.33 1.88 0.61
Prepaid Expenses		 5.07 5.35 6.46 5.91 5.99 6.00 12 9.00 10 16 7.79
Plant, Property, & Equipment, net		 1,240 1,100 1,105 1,331 1,293 1,108 1,803 1,680 1,914 2,050 2,078
Total Noncurrent Assets		 393 392 1,502 350 274 221 319 293 142 210 224
Long-Term Investments		 345 359 1,460 268 153 142 180 36 32 35 33
Goodwill		 - - - - - - - - - - 0.00
Other Noncurrent Operating Assets		 39 33 38 23 60 63 137 213 111 174 191
Total Liabilities & Shareholders' Equity		 2,030 1,663 2,751 1,849 1,754 1,587 2,347 2,615 2,522 2,636 2,669
Total Liabilities		 646 483 580 839 731 614 1,176 1,128 805 780 648
Total Current Liabilities		 48 45 48 75 114 109 235 257 196 131 99
Short-Term Debt		 6.28 6.18 24 52 70 61 179 163 127 50 26
Accounts Payable		 31 38 23 23 28 34 45 51 58 66 70
Other Current Liabilities		 11 0.68 0.41 0.71 17 13 11 43 10 15 3.18
Total Noncurrent Liabilities		 598 438 532 763 617 506 942 870 609 649 549
Long-Term Debt		 589 433 529 759 591 474 926 861 595 638 541
Capital Lease Obligations		 - - - - - - - - 12 8.72 5.95
Other Noncurrent Operating Liabilities		 8.81 4.44 2.72 4.36 26 31 16 9.62 2.63 2.35 2.23
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,384 1,180 2,171 1,010 1,022 972 1,170 1,488 1,717 1,856 2,020
Total Preferred & Common Equity		 1,384 1,180 2,171 1,010 1,022 972 1,170 0.00 1,717 1,856 2,020
Total Common Equity		 1,384 1,180 2,171 1,010 1,022 972 1,170 1,488 1,717 1,856 2,020
Common Stock		 1,355 1,306 2,613 1,309 1,313 1,281 1,591 1,502 1,491 1,505 1,507
Retained Earnings		 93 -74 -361 -269 -270 -276 -409 -21 227 359 524
Accumulated Other Comprehensive Income / (Loss)		 -64 -52 -81 -30 -21 -33 -12 6.96 -1.06 -7.86 -11

Quarterly Balance Sheets for International Seaways

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,572 2,656 2,561 2,551 2,675 2,588 2,542 2,523 2,790 2,871 3,019
Total Current Assets		 563 560 474 490 435 372 327 332 592 666 783
Cash & Equivalents		 156 116 139 140 176 103 133 149 413 142 159
Short-Term Investments		 105 120 75 75 0.00 50 0.00 - 0.00 235 250
Note & Lease Receivable		 12 13 11 12 17 16 16 20 14 26 28
Accounts Receivable		 248 241 220 243 223 191 160 150 155 242 307
Inventories, net		 0.70 0.63 1.14 0.59 1.85 0.38 0.57 0.52 0.58 5.41 25
Prepaid Expenses		 16 15 12 15 12 9.72 16 12 9.40 16 14
Plant, Property, & Equipment, net		 1,776 1,978 1,948 1,891 2,082 2,045 2,003 1,962 1,948 1,987 2,024
Total Noncurrent Assets		 233 118 139 171 159 170 213 229 250 218 211
Long-Term Investments		 34 33 34 34 33 34 37 36 34 28 22
Goodwill		 - - - - - - - - - 7.37 7.37
Other Noncurrent Operating Assets		 177 86 106 119 111 124 175 193 216 183 182
Total Liabilities & Shareholders' Equity		 2,572 2,656 2,561 2,551 2,675 2,588 2,542 2,523 2,790 2,871 3,019
Total Liabilities		 1,014 1,035 911 757 787 713 674 623 856 677 754
Total Current Liabilities		 227 247 187 180 112 103 118 350 338 91 132
Short-Term Debt		 156 200 135 128 50 50 50 287 282 28 39
Accounts Payable		 53 47 43 42 52 46 56 55 50 60 91
Other Current Liabilities		 19 0.45 9.78 10 10 7.67 12 7.87 5.62 2.24 1.33
Total Noncurrent Liabilities		 787 788 724 577 676 610 555 273 518 586 622
Long-Term Debt		 777 778 707 564 663 601 545 260 510 574 606
Capital Lease Obligations		 - - - 9.27 6.96 6.77 6.95 6.60 6.21 5.79 5.81
Other Noncurrent Operating Liabilities		 9.62 9.84 17 3.31 5.49 2.46 3.43 6.70 2.35 6.56 9.61
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,557 1,620 1,650 1,795 1,887 1,875 1,869 1,900 1,934 2,194 2,265
Total Preferred & Common Equity		 0.00 0.00 0.00 1,795 1,887 1,875 1,869 1,900 1,934 2,194 2,265
Total Common Equity		 1,557 1,620 1,650 1,795 1,887 1,875 1,869 1,900 1,934 2,194 2,265
Common Stock		 1,502 1,487 1,489 1,489 1,524 1,502 1,503 1,504 1,505 1,502 1,504
Retained Earnings		 53 127 156 307 364 382 374 406 439 704 773
Accumulated Other Comprehensive Income / (Loss)		 2.90 5.76 5.16 -0.30 -1.42 -9.22 -8.81 -10 -10 -11 -11

Annual Metrics And Ratios for International Seaways

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% -27.17% -6.80% -100.00% 0.00% -35.36% 217.25% 23.95% -11.21% -11.38%
EBITDA Growth		 0.63% 5.60% -130.83% 171.59% 570.78% -23.75% -125.57% 2,205.22% 35.50% -18.65% -16.08%
EBIT Growth		 0.00% 0.00% -2,041.02% 48.80% 193.10% -50.09% -536.33% 476.84% 40.70% -25.67% -24.45%
NOPAT Growth		 0.00% 0.00% -1,597.78% 49.48% 201.17% -27.71% -381.19% 663.79% 38.10% -25.32% -24.23%
Net Income Growth		 0.00% 0.00% -482.17% 16.16% 98.13% -233.19% -2,334.64% 388.05% 43.45% -25.11% -25.79%
EPS Growth		 0.00% 0.00% -487.10% 16.21% 99.02% -566.67% -1,640.00% 323.28% 44.79% -25.51% -25.66%
Operating Cash Flow Growth		 187.94% -42.10% -86.51% -171.74% 801.01% 147.06% -135.25% 477.73% 139.19% -20.52% -30.54%
Free Cash Flow Firm Growth		 0.00% 111.61% -171.84% -145.94% 134.56% 175.94% -458.93% 131.02% 84.99% -38.04% -4.83%
Invested Capital Growth		 0.00% -11.23% 2.93% 19.28% -3.81% -16.64% 73.53% 7.81% 3.75% 5.72% 1.40%
Revenue Q/Q Growth		 0.00% 0.00% -5.35% 13.01% -100.00% 460.92% -42.52% 39.20% -7.54% -5.57% 9.51%
EBITDA Q/Q Growth		 0.00% 0.00% -191.36% 137.19% 66.72% -57.79% 75.17% 88.30% -9.60% -13.59% 22.24%
EBIT Q/Q Growth		 0.00% 0.00% -112.18% 56.82% 11,211.68% -83.90% 37.57% 142.80% -12.03% -18.12% 35.62%
NOPAT Q/Q Growth		 0.00% 0.00% -129.49% 66.03% 108.87% -84.89% 41.07% 135.63% -12.71% -17.58% 37.10%
Net Income Q/Q Growth		 0.00% 0.00% -45.08% 52.34% 83.00% -104.38% 37.92% 187.69% -13.43% -18.77% 42.14%
EPS Q/Q Growth		 0.00% 0.00% -45.02% 52.42% 90.91% -104.54% 47.67% 209.56% -13.06% -19.03% 42.24%
Operating Cash Flow Q/Q Growth		 0.00% -28.08% 95.98% -253.09% 201.37% -11.02% -140.47% 264.11% -7.54% -5.50% 15.99%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 12.46% -7.83% 21.62% -8.81% 123.40% -5.02% -27.48% 0.42%
Invested Capital Q/Q Growth		 0.00% 0.00% -3.06% -0.15% 1.91% -13.32% -2.31% 2.34% -0.52% 0.66% 4.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 96.67% 100.00% 100.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 0.00% 23.19% -9.82% 7.54% 0.00% 24.74% -9.79% 64.93% 70.98% 65.04% 61.59%
Operating Margin		 0.00% 1.81% -37.21% -20.17% 0.00% 9.46% -41.14% 51.19% 57.42% 47.84% 40.96%
EBIT Margin		 0.00% 1.47% -39.22% -21.54% 0.00% 6.42% -43.33% 51.46% 58.42% 48.90% 41.69%
Profit (Net Income) Margin		 0.00% -4.58% -36.57% -32.90% 0.00% -1.31% -49.41% 44.86% 51.92% 43.79% 36.67%
Tax Burden Percent		 0.00% 103.23% 100.04% 99.88% 200.24% 100.02% 101.22% 99.98% 99.31% 100.26% 100.13%
Interest Burden Percent		 0.00% -301.18% 93.21% 152.88% -1.53% -20.43% 112.67% 87.19% 89.50% 89.32% 87.85%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.69% -0.26% -0.13%
Return on Invested Capital (ROIC)		 0.00% 0.41% -6.37% -2.89% 0.00% 2.21% -4.99% 21.34% 27.88% 19.87% 14.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 59.65% -0.14% 15.77% 0.00% -10.28% -16.18% 14.00% 18.60% 12.09% 6.21%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -1.83% 0.04% -2.70% 0.00% -2.76% -7.58% 7.85% 6.85% 3.45% 1.41%
Return on Equity (ROE)		 0.00% -1.42% -6.33% -5.59% -0.16% -0.55% -12.57% 29.19% 34.73% 23.33% 15.96%
Cash Return on Invested Capital (CROIC)		 -200.00% 12.30% -9.26% -20.48% 6.63% 20.36% -58.75% 13.83% 24.20% 14.31% 13.16%
Operating Return on Assets (OROA)		 0.00% 0.32% -5.16% -2.53% 0.00% 1.62% -6.00% 17.94% 24.37% 18.04% 13.25%
Return on Assets (ROA)		 0.00% -0.99% -4.81% -3.87% 0.00% -0.33% -6.85% 15.63% 21.66% 16.16% 11.66%
Return on Common Equity (ROCE)		 0.00% -1.42% -6.33% -5.59% -0.16% -0.55% -12.57% 29.18% 34.73% 23.33% 15.96%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -1.55% -4.89% -8.81% -0.16% -0.57% -11.51% 0.00% 32.41% 22.45% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.00 5.04 -76 -38 39 28 -78 443 611 456 346
NOPAT Margin		 0.00% 1.27% -26.05% -14.12% 0.00% 6.62% -28.80% 51.18% 57.02% 47.96% 41.01%
Net Nonoperating Expense Percent (NNEP)		 0.00% -59.25% -6.23% -18.67% 10.30% 12.49% 11.19% 7.34% 9.28% 7.78% 8.34%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 17.62% 24.94% 17.88% 13.34%
Cost of Revenue to Revenue		 0.00% 3.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 7.62% 8.43% 8.99% 0.00% 6.87% 12.19% 5.36% 4.43% 5.82% 6.38%
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		 0.00% 94.86% 137.21% 120.17% 0.00% 90.54% 141.14% 48.81% 42.58% 52.16% 59.04%
Earnings before Interest and Taxes (EBIT)		 0.00 5.86 -114 -58 54 27 -118 445 626 465 352
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 87 92 -28 20 137 104 -27 561 761 619 519
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.25 0.18 0.35 0.61 0.34 0.50 0.93 1.15 0.95 1.19
Price to Tangible Book Value (P/TBV)		 0.00 0.25 0.18 0.35 0.61 0.34 0.50 0.93 1.15 0.95 1.19
Price to Revenue (P/Rev)		 0.00 0.73 1.32 1.30 0.00 0.78 2.13 1.60 1.84 1.86 2.84
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.57 3.54 4.24 7.75
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 2.03% 11.85% 1.49% 1.19% 15.72% 6.04%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 28.00% 28.21% 23.57% 12.90%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.24 0.00 0.58 0.75 0.46 0.71 0.95 1.11 0.96 1.16
Enterprise Value to Revenue (EV/Rev)		 0.00 0.71 0.00 3.09 0.00 1.25 5.17 2.37 2.32 2.39 3.29
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 3.05 0.00 40.97 7.61 5.04 0.00 3.65 3.27 3.67 5.34
Enterprise Value to EBIT (EV/EBIT)		 0.00 48.06 0.00 0.00 19.20 19.41 0.00 4.61 3.97 4.88 7.88
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 55.84 0.00 0.00 26.96 18.82 0.00 4.63 4.07 4.98 8.01
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 2.18 0.00 0.00 11.90 2.43 0.00 7.12 3.61 4.15 7.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.84 0.00 0.00 11.16 2.04 0.00 7.15 4.69 6.91 8.86
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.37 0.25 0.80 0.65 0.55 0.94 0.69 0.43 0.38 0.28
Long-Term Debt to Equity		 0.43 0.37 0.24 0.75 0.58 0.49 0.79 0.58 0.35 0.35 0.27
Financial Leverage		 -0.05 -0.03 -0.29 -0.17 0.38 0.27 0.47 0.56 0.37 0.29 0.23
Leverage Ratio		 1.47 1.44 1.32 1.45 1.77 1.67 1.84 1.87 1.60 1.44 1.37
Compound Leverage Factor		 0.00 -4.34 1.23 2.21 -0.03 -0.34 2.07 1.63 1.43 1.29 1.20
Debt to Total Capital		 30.08% 27.15% 20.30% 44.53% 39.27% 35.53% 48.56% 40.76% 29.96% 27.30% 22.10%
Short-Term Debt to Total Capital		 0.32% 0.38% 0.88% 2.83% 4.18% 4.08% 7.85% 6.49% 5.20% 1.96% 0.99%
Long-Term Debt to Total Capital		 29.76% 26.77% 19.41% 41.70% 35.09% 31.46% 40.71% 34.27% 24.76% 25.34% 21.10%
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% 0.03% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 69.92% 72.85% 79.70% 55.47% 60.73% 64.47% 51.41% 59.25% 70.04% 72.70% 77.90%
Debt to EBITDA		 6.80 4.76 -19.41 39.75 4.83 5.14 -41.43 1.82 0.97 1.13 1.10
Net Debt to EBITDA		 -0.67 -0.12 33.64 23.73 3.06 1.86 -31.00 1.18 0.68 0.81 0.72
Long-Term Debt to EBITDA		 6.73 4.69 -18.57 37.22 4.32 4.55 -34.73 1.53 0.80 1.05 1.05
Debt to NOPAT		 0.00 87.15 -7.32 -21.24 17.12 19.19 -14.08 2.31 1.20 1.53 1.66
Net Debt to NOPAT		 0.00 -2.19 12.68 -12.68 10.83 6.97 -10.53 1.50 0.84 1.10 1.08
Long-Term Debt to NOPAT		 0.00 85.92 -7.00 -19.89 15.30 16.99 -11.80 1.94 0.99 1.42 1.58
Altman Z-Score		 0.00 0.64 0.22 0.15 0.45 0.51 0.00 1.79 2.97 2.61 3.37
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.02% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.19 3.79 2.80 2.23 1.64 2.36 0.96 2.50 2.38 2.87 3.71
Quick Ratio		 8.02 3.64 2.59 2.10 1.55 2.27 0.90 2.43 2.29 2.73 3.63
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,316 153 -110 -270 93 258 -924 287 530 329 313
Operating Cash Flow to CapEx		 0.00% 4,454.58% 4,284.48% -1,138.69% 15,241.46% 42,631.16% -7,782.64% 40,535.35% 46,798.23% 39,476.05% 26,374.18%
Free Cash Flow to Firm to Interest Expense		 0.00 3.79 -2.66 -4.48 1.41 7.01 -25.12 4.97 8.07 6.61 7.32
Operating Cash Flow to Interest Expense		 0.00 3.20 0.42 -0.21 1.32 5.89 -2.07 4.99 10.47 11.01 8.90
Operating Cash Flow Less CapEx to Interest Expense		 0.00 3.12 0.41 -0.23 1.31 5.87 -2.10 4.97 10.45 10.98 8.87
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.22 0.13 0.12 0.00 0.25 0.14 0.35 0.42 0.37 0.32
Accounts Receivable Turnover		 0.00 5.62 4.64 3.54 0.00 6.63 3.62 4.36 3.99 4.40 4.64
Inventory Turnover		 0.00 5.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.34 0.26 0.22 0.00 0.35 0.19 0.50 0.60 0.48 0.41
Accounts Payable Turnover		 0.00 0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 65.00 78.70 103.15 0.00 55.06 100.75 83.77 91.43 82.98 78.65
Days Inventory Outstanding (DIO)		 0.00 65.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 948.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 -818.85 78.70 103.15 0.00 55.06 100.75 83.77 91.43 82.98 78.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,316 1,168 1,203 1,435 1,380 1,150 1,996 2,152 2,233 2,360 2,393
Invested Capital Turnover		 0.00 0.32 0.24 0.21 0.00 0.33 0.17 0.42 0.49 0.41 0.35
Increase / (Decrease) in Invested Capital		 1,316 -148 34 232 -55 -230 846 156 81 128 33
Enterprise Value (EV)		 0.00 282 -574 835 1,041 525 1,409 2,049 2,488 2,272 2,771
Market Capitalization		 0.00 293 384 351 623 331 582 1,385 1,972 1,768 2,398
Book Value per Share		 $0.00 $40.45 $74.64 $34.60 $34.92 $34.73 $23.08 $30.31 $35.10 $37.73 $40.90
Tangible Book Value per Share		 $0.00 $40.45 $74.64 $34.60 $34.92 $34.73 $23.06 $30.31 $35.10 $37.73 $40.90
Total Capital		 1,979 1,619 2,724 1,821 1,683 1,508 2,275 2,511 2,451 2,553 2,593
Total Debt		 595 440 553 811 661 536 1,105 1,023 734 697 573
Total Long-Term Debt		 589 433 529 759 591 474 926 861 607 647 547
Net Debt		 -59 -11 -958 484 418 195 827 664 516 504 373
Capital Expenditures (CapEx)		 -16 2.90 0.41 1.10 0.57 0.51 0.98 0.71 1.47 1.39 1.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 46 40 59 86 54 10 71 224 210 138 127
Debt-free Net Working Capital (DFNWC)		 355 132 110 144 143 209 169 548 397 295 294
Net Working Capital (NWC)		 348 126 86 92 73 148 -10 385 269 245 268
Net Nonoperating Expense (NNE)		 0.00 23 31 51 40 33 56 55 55 40 37
Net Nonoperating Obligations (NNO)		 -68 -11 -969 425 358 178 826 664 516 504 373
Total Depreciation and Amortization (D&A)		 87 87 85 79 83 77 91 116 135 154 168
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 10.04% 20.37% 31.66% 0.00% 2.38% 25.95% 25.94% 19.60% 14.50% 15.06%
Debt-free Net Working Capital to Revenue		 0.00% 33.14% 37.97% 53.23% 0.00% 49.67% 61.86% 63.39% 37.03% 31.05% 34.86%
Net Working Capital to Revenue		 0.00% 31.58% 29.68% 34.16% 0.00% 35.09% -3.71% 44.55% 25.14% 25.79% 31.80%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($3.05) ($0.03) ($0.20) ($3.48) $7.85 $11.35 $8.45 $6.27
Adjusted Weighted Average Basic Shares Outstanding		 0.00 29.20M 29.11M 29.14M 29.28M 28.01M 38.41M 49.38M 48.98M 49.27M 49.34M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($3.05) ($0.03) ($0.20) ($3.48) $7.77 $11.25 $8.38 $6.23
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 29.20M 29.11M 29.14M 29.28M 28.01M 38.41M 49.84M 49.43M 49.68M 49.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($3.05) ($0.03) ($0.20) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 29.20M 29.11M 29.20M 29.23M 28.37M 49.60M 49.12M 48.93M 49.19M 49.43M
Normalized Net Operating Profit after Tax (NOPAT)		 0.00 60 -15 -24 39 98 -85 423 575 296 212
Normalized NOPAT Margin		 0.00% 15.19% -5.09% -9.02% 0.00% 23.24% -31.31% 48.91% 53.69% 31.08% 25.14%
Pre Tax Income Margin		 0.00% -4.43% -36.55% -32.94% 0.00% -1.31% -48.81% 44.87% 52.28% 43.68% 36.62%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.15 -2.76 -0.97 0.82 0.74 -3.21 7.71 9.52 9.36 8.23
NOPAT to Interest Expense		 0.00 0.13 -1.83 -0.63 0.58 0.76 -2.13 7.67 9.29 9.18 8.10
EBIT Less CapEx to Interest Expense		 0.00 0.07 -2.77 -0.99 0.81 0.72 -3.24 7.70 9.50 9.33 8.20
NOPAT Less CapEx to Interest Expense		 0.00 0.05 -1.84 -0.65 0.57 0.75 -2.16 7.65 9.27 9.15 8.06
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -122.40% -34.31% 18.01% 55.38% 68.25% 46.76%
Augmented Payout Ratio		 0.00% 0.00% -2.99% 0.00% 0.00% -664.74% -46.68% 23.17% 57.89% 74.25% 46.76%

Quarterly Metrics And Ratios for International Seaways

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 49,427,543.00 49,504,696.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 49,427,543.00 49,504,696.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 5.79 5.96
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -25.85% -4.43% -11.91% -6.83% -22.38% -33.17% -24.00% -12.79% 37.65% 77.47% 140.10%
EBITDA Growth		 -30.46% -12.74% -5.53% -3.35% -52.77% -47.18% -41.58% -15.34% 108.46% 227.43% 204.72%
EBIT Growth		 -36.39% -16.99% -8.67% -9.25% -68.84% -61.23% -54.56% -23.05% 197.98% 377.22% 327.81%
NOPAT Growth		 -38.25% -16.66% -8.01% -11.50% -67.65% -61.68% -55.19% -22.08% 206.74% 387.66% 334.43%
Net Income Growth		 -39.52% -16.30% -5.88% -6.38% -72.88% -65.70% -57.40% -23.06% 255.93% 477.31% 378.42%
EPS Growth		 -38.67% -15.85% -6.43% -7.54% -73.51% -65.75% -57.04% -22.83% 260.56% 475.00% 372.80%
Operating Cash Flow Growth		 -30.90% -29.15% -13.27% -13.02% -25.39% -55.29% -48.92% -39.35% 55.95% 101.67% 212.06%
Free Cash Flow Firm Growth		 -18.04% 126.09% 167.77% 101.68% -229.35% -92.86% 127.92% 29,680.53% 227.12% 3,117.07% -57.19%
Invested Capital Growth		 3.75% 3.27% 2.91% 4.48% 5.72% 2.37% -5.37% -2.53% 1.40% 4.22% 9.54%
Revenue Q/Q Growth		 3.73% 9.44% -6.19% -12.52% -13.58% -5.76% 6.68% 0.38% 36.40% 21.50% 44.32%
EBITDA Q/Q Growth		 23.35% 4.40% 1.10% -25.77% -39.72% 16.74% 11.83% 7.57% 48.43% 83.37% 4.08%
EBIT Q/Q Growth		 30.34% 5.17% -0.15% -33.70% -55.24% 30.84% 17.03% 12.27% 73.34% 109.54% 4.91%
NOPAT Q/Q Growth		 25.81% 7.57% 0.24% -34.77% -54.00% 27.40% 17.23% 13.43% 75.59% 108.86% 4.43%
Net Income Q/Q Growth		 34.90% 9.37% 0.16% -36.65% -60.93% 38.36% 24.37% 14.44% 80.74% 124.42% 3.07%
EPS Q/Q Growth		 34.67% 8.96% -0.34% -36.77% -61.41% 40.85% 25.00% 13.60% 80.28% 124.61% 2.78%
Operating Cash Flow Q/Q Growth		 -15.48% 24.67% 7.35% -23.11% -27.50% -25.29% 22.63% -8.69% 86.40% -3.38% 89.76%
Free Cash Flow Firm Q/Q Growth		 328.27% 32.65% 4.25% -99.47% -17,653.36% 107.32% 3,228.31% -30.37% -23.78% 82.13% -55.71%
Invested Capital Q/Q Growth		 -0.52% 0.66% 6.69% -2.20% 0.66% -2.53% -1.38% 0.73% 4.71% 0.18% 3.66%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 73.57% 70.18% 75.63% 64.18% 44.76% 55.46% 58.14% 62.30% 67.79% 102.32% 73.79%
Operating Margin		 58.75% 56.28% 60.13% 44.84% 23.14% 32.27% 35.46% 40.07% 51.58% 88.66% 64.15%
EBIT Margin		 59.68% 57.35% 61.05% 46.26% 23.96% 33.27% 36.50% 40.82% 51.87% 89.46% 65.03%
Profit (Net Income) Margin		 52.69% 52.66% 56.22% 40.72% 18.41% 27.03% 31.51% 35.92% 47.60% 87.92% 62.79%
Tax Burden Percent		 97.46% 100.00% 100.00% 100.00% 103.12% 100.00% 100.00% 100.00% 100.32% 96.96% 100.00%
Interest Burden Percent		 90.59% 91.81% 92.09% 88.01% 74.49% 81.23% 86.33% 88.00% 91.46% 101.35% 96.54%
Effective Tax Rate		 2.54% 0.00% 0.00% 0.00% -3.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 27.99% 26.95% 26.06% 19.69% 9.89% 12.21% 12.14% 13.33% 18.30% 37.19% 33.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 26.05% 25.09% 24.41% 17.95% 7.81% 10.04% 10.38% 11.35% 15.87% 36.43% 31.81%
Return on Net Nonoperating Assets (RNNOA)		 9.59% 8.02% 8.49% 5.42% 2.23% 2.42% 2.41% 2.45% 3.59% 5.70% 4.50%
Return on Equity (ROE)		 37.58% 34.97% 34.54% 25.11% 12.12% 14.63% 14.55% 15.77% 21.89% 42.88% 38.49%
Cash Return on Invested Capital (CROIC)		 24.20% 23.02% 21.11% 19.75% 14.31% 13.49% 17.28% 13.45% 13.16% 20.33% 24.83%
Operating Return on Assets (OROA)		 24.90% 23.71% 23.46% 18.11% 8.84% 11.24% 11.22% 11.69% 16.49% 32.57% 29.56%
Return on Assets (ROA)		 21.99% 21.77% 21.61% 15.94% 6.79% 9.13% 9.69% 10.29% 15.13% 32.00% 28.54%
Return on Common Equity (ROCE)		 37.58% 34.97% 34.54% 25.11% 12.12% 14.63% 14.55% 15.77% 21.89% 42.88% 38.49%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 29.43% 27.51% 27.37% 0.00% 17.22% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 144 154 155 101 46 59 69 79 138 289 301
NOPAT Margin		 57.25% 56.28% 60.13% 44.84% 23.87% 32.27% 35.46% 40.07% 51.58% 88.66% 64.15%
Net Nonoperating Expense Percent (NNEP)		 1.94% 1.85% 1.65% 1.74% 2.08% 2.17% 1.76% 1.98% 2.43% 0.76% 2.18%
Return On Investment Capital (ROIC_SIMPLE)		 5.86% - - - 1.82% 2.40% 2.83% 2.88% 5.33% 10.30% 10.33%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 4.94% 4.51% 5.22% 6.39% 7.82% 7.26% 6.28% 6.78% 5.54% 2.90% 3.56%
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		 41.25% 43.72% 39.87% 55.16% 76.86% 67.73% 64.54% 59.93% 48.42% 11.34% 35.85%
Earnings before Interest and Taxes (EBIT)		 150 157 157 104 47 61 71 80 139 291 305
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 184 193 195 145 87 102 114 122 182 333 347
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.15 1.41 1.55 1.37 0.95 0.87 0.95 1.18 1.19 1.64 1.67
Price to Tangible Book Value (P/TBV)		 1.15 1.41 1.55 1.37 0.95 0.87 0.95 1.18 1.19 1.65 1.68
Price to Revenue (P/Rev)		 1.84 2.39 2.85 2.54 1.86 1.90 2.25 2.95 2.84 3.66 3.01
Price to Earnings (P/E)		 3.54 4.79 5.62 4.99 4.24 5.08 7.54 10.46 7.75 6.60 4.87
Dividend Yield		 1.19% 3.02% 5.39% 8.86% 15.72% 15.51% 10.96% 7.10% 6.04% 6.01% 0.00%
Earnings Yield		 28.21% 20.90% 17.79% 20.02% 23.57% 19.70% 13.26% 9.56% 12.90% 15.15% 20.55%
Enterprise Value to Invested Capital (EV/IC)		 1.11 1.33 1.43 1.29 0.96 0.90 0.96 1.15 1.16 1.59 1.61
Enterprise Value to Revenue (EV/Rev)		 2.32 2.81 3.35 3.01 2.39 2.40 2.72 3.41 3.29 3.86 3.19
Enterprise Value to EBITDA (EV/EBITDA)		 3.27 4.07 4.76 4.23 3.67 3.91 4.85 6.18 5.34 5.07 4.08
Enterprise Value to EBIT (EV/EBIT)		 3.97 5.02 5.92 5.34 4.88 5.60 7.66 10.13 7.88 6.54 4.92
Enterprise Value to NOPAT (EV/NOPAT)		 4.07 5.14 6.05 5.48 4.98 5.74 7.90 10.41 8.01 6.62 4.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.61 4.78 5.73 5.24 4.15 4.48 5.73 8.02 7.29 8.44 6.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.69 5.85 6.87 6.69 6.91 6.73 5.38 8.43 8.86 7.97 6.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.39 0.38 0.35 0.38 0.32 0.29 0.41 0.28 0.28 0.29
Long-Term Debt to Equity		 0.35 0.32 0.36 0.32 0.35 0.30 0.14 0.27 0.27 0.26 0.27
Financial Leverage		 0.37 0.32 0.35 0.30 0.29 0.24 0.23 0.22 0.23 0.16 0.14
Leverage Ratio		 1.60 1.53 1.52 1.46 1.44 1.39 1.37 1.41 1.37 1.33 1.33
Compound Leverage Factor		 1.45 1.40 1.40 1.29 1.08 1.13 1.18 1.24 1.25 1.35 1.28
Debt to Total Capital		 29.96% 28.09% 27.60% 25.96% 27.30% 24.36% 22.57% 29.22% 22.10% 21.69% 22.33%
Short-Term Debt to Total Capital		 5.20% 5.11% 1.90% 1.97% 1.96% 2.03% 11.72% 10.34% 0.99% 1.01% 1.34%
Long-Term Debt to Total Capital		 24.76% 22.98% 25.70% 23.99% 25.34% 22.33% 10.86% 18.88% 21.10% 20.69% 20.99%
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		 70.04% 71.91% 72.40% 74.04% 72.70% 75.64% 77.43% 70.78% 77.90% 78.31% 77.67%
Debt to EBITDA		 0.97 0.96 1.00 0.92 1.13 1.14 1.24 1.88 1.10 0.81 0.66
Net Debt to EBITDA		 0.68 0.62 0.71 0.66 0.81 0.82 0.83 0.83 0.72 0.27 0.22
Long-Term Debt to EBITDA		 0.80 0.78 0.93 0.85 1.05 1.04 0.60 1.21 1.05 0.77 0.62
Debt to NOPAT		 1.20 1.21 1.27 1.19 1.53 1.67 2.02 3.16 1.66 1.06 0.81
Net Debt to NOPAT		 0.84 0.78 0.90 0.85 1.10 1.20 1.34 1.39 1.08 0.35 0.27
Long-Term Debt to NOPAT		 0.99 0.99 1.18 1.10 1.42 1.53 0.97 2.04 1.58 1.01 0.76
Altman Z-Score		 2.34 2.94 3.14 3.01 2.08 2.18 2.36 2.30 3.10 4.45 4.39
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.38 2.73 3.89 3.60 2.87 2.76 0.95 1.75 3.71 7.34 5.94
Quick Ratio		 2.29 2.61 3.72 3.49 2.73 2.61 0.91 1.72 3.63 7.10 5.65
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 63 83 87 0.46 -81 5.95 198 138 105 191 85
Operating Cash Flow to CapEx		 28,780.50% 22,316.98% 167,939.00% 163,462.03% 18,502.37% 18,602.93% 48,462.71% 105,844.59% 17,936.24% 44,219.75% 399,520.90%
Free Cash Flow to Firm to Interest Expense		 4.46 6.47 6.99 0.04 -6.83 0.52 20.29 14.33 8.86 21.37 8.03
Operating Cash Flow to Interest Expense		 8.91 12.14 13.52 10.33 7.87 6.11 8.79 8.14 12.30 15.75 25.35
Operating Cash Flow Less CapEx to Interest Expense		 8.88 12.09 13.51 10.33 7.83 6.08 8.77 8.13 12.23 15.71 25.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.41 0.38 0.39 0.37 0.34 0.31 0.29 0.32 0.36 0.45
Accounts Receivable Turnover		 3.99 4.31 4.41 4.90 4.40 4.27 4.28 4.45 4.64 4.89 5.51
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.60 0.58 0.50 0.50 0.48 0.44 0.40 0.39 0.41 0.49 0.63
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)		 91.43 84.61 82.70 74.42 82.98 85.53 85.28 82.03 78.65 74.60 66.20
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 91.43 84.61 82.70 74.42 82.98 85.53 85.28 82.03 78.65 74.60 66.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,233 2,247 2,398 2,345 2,360 2,301 2,269 2,286 2,393 2,398 2,486
Invested Capital Turnover		 0.49 0.48 0.43 0.44 0.41 0.38 0.34 0.33 0.35 0.42 0.53
Increase / (Decrease) in Invested Capital		 81 71 68 101 128 53 -129 -59 33 97 217
Enterprise Value (EV)		 2,488 2,981 3,430 3,032 2,272 2,065 2,169 2,627 2,771 3,806 4,012
Market Capitalization		 1,972 2,528 2,919 2,562 1,768 1,633 1,800 2,275 2,398 3,602 3,792
Book Value per Share		 $35.10 $36.68 $38.23 $37.72 $37.73 $37.99 $38.51 $39.17 $40.90 $44.39 $45.76
Tangible Book Value per Share		 $35.10 $36.68 $38.23 $37.72 $37.73 $37.99 $38.51 $39.17 $40.90 $44.24 $45.61
Total Capital		 2,451 2,496 2,607 2,532 2,553 2,471 2,454 2,732 2,593 2,802 2,917
Total Debt		 734 701 720 657 697 602 554 798 573 608 651
Total Long-Term Debt		 607 573 670 607 647 552 266 516 547 580 612
Net Debt		 516 453 510 470 504 432 369 352 373 203 220
Capital Expenditures (CapEx)		 0.44 0.70 0.10 0.08 0.51 0.38 0.18 0.07 0.81 0.32 0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 210 223 196 165 138 126 121 124 127 227 281
Debt-free Net Working Capital (DFNWC)		 397 438 372 319 295 258 270 537 294 604 691
Net Working Capital (NWC)		 269 310 323 269 245 208 -18 254 268 576 652
Net Nonoperating Expense (NNE)		 11 9.93 10 9.29 11 9.61 7.72 8.14 11 2.42 6.42
Net Nonoperating Obligations (NNO)		 516 453 510 470 504 432 369 352 373 203 220
Total Depreciation and Amortization (D&A)		 35 35 38 40 40 41 42 42 43 42 41
Debt-free, Cash-free Net Working Capital to Revenue		 19.60% 21.09% 19.17% 16.42% 14.50% 14.59% 15.11% 16.13% 15.06% 23.04% 22.34%
Debt-free Net Working Capital to Revenue		 37.03% 41.34% 36.37% 31.64% 31.05% 30.02% 33.74% 69.70% 34.86% 61.28% 54.84%
Net Working Capital to Revenue		 25.14% 29.30% 31.52% 26.69% 25.79% 24.19% -2.25% 33.02% 31.80% 58.42% 51.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.71 $2.95 $2.93 $1.85 $0.72 $1.00 $1.25 $1.43 $2.59 $5.78 $5.96
Adjusted Weighted Average Basic Shares Outstanding		 48.98M 48.97M 49.39M 49.54M 49.27M 49.31M 49.32M 49.35M 49.34M 49.46M 49.49M
Adjusted Diluted Earnings per Share		 $2.68 $2.92 $2.91 $1.84 $0.71 $1.00 $1.25 $1.42 $2.56 $5.75 $5.91
Adjusted Weighted Average Diluted Shares Outstanding		 49.43M 49.38M 49.72M 49.88M 49.68M 49.53M 49.48M 49.61M 49.60M 49.71M 49.86M
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		 48.93M 49.37M 49.69M 49.19M 49.19M 49.34M 49.37M 49.39M 49.43M 49.50M 49.53M
Normalized Net Operating Profit after Tax (NOPAT)		 119 108 89 61 38 34 41 46 91 140 211
Normalized NOPAT Margin		 47.42% 39.38% 34.52% 27.19% 19.35% 18.76% 20.80% 23.18% 34.11% 43.10% 44.91%
Pre Tax Income Margin		 54.07% 52.66% 56.22% 40.72% 17.85% 27.03% 31.51% 35.92% 47.44% 90.67% 62.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 10.63 12.21 12.65 8.34 3.92 5.33 7.32 8.33 11.71 32.50 28.93
NOPAT to Interest Expense		 10.19 11.98 12.46 8.08 3.90 5.17 7.11 8.18 11.64 32.21 28.53
EBIT Less CapEx to Interest Expense		 10.60 12.16 12.64 8.33 3.88 5.30 7.30 8.32 11.64 32.47 28.92
NOPAT Less CapEx to Interest Expense		 10.16 11.93 12.45 8.07 3.86 5.13 7.09 8.17 11.57 32.17 28.53
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 55.38% 51.96% 54.34% 55.85% 68.25% 79.01% 82.50% 74.07% 46.76% 39.67% 52.91%
Augmented Payout Ratio		 57.89% 51.96% 54.34% 60.73% 74.25% 79.01% 82.50% 74.07% 46.76% 39.67% 52.91%

Financials Breakdown Chart

Key Financial Trends

International Seaways (NYSE: INSW) has remained highly profitable, but its latest quarter shows a business that is still very cyclical and increasingly balance-sheet sensitive. Q1 2026 featured strong revenue growth, healthy operating cash flow, and a still-manageable debt load, but leverage jumped materially versus late 2025 as liabilities rose and cash returned to more ordinary levels after a very strong prior quarter.

Top takeaways from the last several years:

  • Q1 2026 revenue rose to $325.5 million, up from $267.9 million in Q4 2025 and $183.4 million in Q1 2025, showing a strong rebound in quarterly top-line performance.
  • Q1 2026 net income was $286.1 million, a major jump from $127.5 million in Q4 2025 and $49.6 million in Q1 2025.
  • Operating cash flow remained solid at $141.1 million in Q1 2026, supporting the company’s ability to fund dividends and debt reduction.
  • The company ended Q1 2026 with a large liquidity cushion, including $141.8 million in cash, $235.0 million in short-term investments, and $666.5 million in current assets overall.
  • Earnings per share improved sharply year over year, with Q1 2026 diluted EPS of $5.75 versus $1.00 in Q1 2025.
  • Over the last four years, INSW has consistently generated strong cash from operations, often exceeding $100 million per quarter during favorable periods.
  • The company’s asset base remains heavily weighted toward vessels and equipment, with net PP&E of $2.0 billion, which is typical for a tanker operator but leaves results tied to shipping market conditions.
  • Depreciation remains a large recurring expense, at about $40.6 million in Q1 2026, which is normal for a capital-intensive fleet but keeps reported earnings sensitive to vessel accounting.
  • Dividend payments continue to be a meaningful use of cash; INSW paid $106.4 million in Q1 2026 and $424.8 million in Q4 2025, reflecting a shareholder-friendly but cash-consuming capital return policy.
  • The company also has a history of active debt management, including periodic borrowings and repayments, which can help flexibility but adds balance-sheet volatility.
  • Total liabilities increased to $677.1 million in Q1 2026 from $623.4 million in Q3 2025, while total equity was essentially flat to higher asset values, suggesting a meaningful increase in leverage pressure.
  • Long-term debt rose to $573.9 million in Q1 2026 from $509.5 million in Q3 2025, and short-term debt also remained elevated, keeping financial risk material.
  • Cash fell sharply from $412.6 million in Q3 2025 to $141.8 million in Q1 2026, although the prior quarter was unusually cash-rich.
  • Q4 2025 showed a large cash outflow of $295.6 million, highlighting how quickly cash generation can swing in this business.
  • Operating results remain highly cyclical, with quarterly revenue and earnings moving significantly from period to period, which makes forecasting difficult for investors.

Longer-term trend: International Seaways has transitioned from the much weaker cash and equity profile seen in 2022-2023 to a stronger, more profitable position in 2024-2026. Retained earnings expanded materially, and the company has been able to pay substantial dividends while still producing strong operating cash flow. That said, the balance sheet has become more levered again in the most recent quarter, so the investment case still depends heavily on tanker market conditions and management’s discipline around capital returns and debt.

Bottom line: INSW looks fundamentally profitable and cash-generative, but the latest quarter shows rising leverage and a business that can change quickly with freight rates. For retail investors, that usually means good upside potential, but with significant cyclical risk.

08/30/26 03:40 PM ETAI Generated. May Contain Errors.

International Seaways Financials - Frequently Asked Questions

According to the most recent income statement we have on file, International Seaways' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

International Seaways' net income appears to be on an upward trend, with a most recent value of $309.26 million in 2025, rising from $0.00 in 2015. The previous period was $416.72 million in 2024. See International Seaways' forecast for analyst expectations on what's next for the company.

International Seaways' total operating income in 2025 was $345.39 million, based on the following breakdown:
  • Total Gross Profit: $843.30 million
  • Total Operating Expenses: $497.92 million

Over the last 10 years, International Seaways' total revenue changed from $0.00 in 2015 to $843.30 million in 2025, a change of 84,330,200,000.0%.

International Seaways' total liabilities were at $648.37 million at the end of 2025, a 16.9% decrease from 2024, and a 0.3% increase since 2015.

In the past 10 years, International Seaways' cash and equivalents has ranged from $58.31 million in 2018 to $308.86 million in 2015, and is currently $116.92 million as of their latest financial filing in 2025.

Over the last 10 years, International Seaways' book value per share changed from 0.00 in 2015 to 40.90 in 2025, a change of 4,090.1%.


Related Companies

Financial statements for NYSE:INSW last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
The retirement stock I'd buy before Nvidia today
In 2014, Marc Chaikin pointed readers toward Nvidia. Now the 60-year Wall Street veteran and creator of the Ch...
Chaikin Analytics | Sponsoredtc pixel
A $382 trillion migration and the position no one is talking about
Trump just signed a law requiring America's entire $382 trillion financial system to migrate to a new money ne...
Awesomely | Sponsoredtc pixel
Your $29.97 book is free today
Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca...
Profits Run | Sponsoredtc pixel
The cat is out the bag
Almost 80,000 tech jobs vanished in the first three months of 2026. Meta cut 14,000 roles, Microsoft offered s...
Porter & Company | Sponsoredtc pixel
Look at this $5 stock’s address
A small public company trading under $5 a share operates inside the secure perimeter of Kennedy Space Center, ...
Freedom Financial | Sponsoredtc pixel
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from c...
Altimetry | Sponsoredtc pixel
The REAL Reason Trump is Invading Iran
For a moment… Forget about Trump’s ties to Israel. Forget about reports of Iran’s nuclear program. Be...
Banyan Hill Publishing | Sponsoredtc pixel
#1 Stock to Own as Trump Launches Historic Mission Backing "Medical AI"
The federal government is throwing its full support behind a new class of AI technology, in what's being calle...
Stansberry Research | Sponsoredtc pixel