INSW · International Seaways, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $325.48M | - | $196.39M | $195.64M | $183.39M | - | $225.19M | $257.41M | $274.40M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.31M | - | $11.80M | $12.16M | $13.22M | - | $13.41M | $11.98M | $12.37M | - |
| Total Operating Expenses | $38.81M | - | $117.70M | $126.27M | $124.22M | - | $124.22M | $102.62M | $119.98M | - |
| D&A | $40.57M | - | $41.17M | $41.35M | $39.70M | - | $39.30M | $36.52M | $34.15M | - |
| Operating Income | $288.56M | - | $78.68M | $69.37M | $59.17M | - | $100.97M | $154.79M | $154.42M | - |
| Interest Expense | $10.10M | - | $10.70M | $10.40M | $12.00M | - | $11.30M | $11.10M | $12.89M | - |
| Income Tax | - | - | - | - | - | - | ($1.0K) | $0 | $0 | - |
| Net Income | $286.14M | - | $70.55M | $61.65M | $49.56M | - | $91.69M | $144.72M | $144.49M | - |
| EPS - Basic | $5.78 | - | $1.43 | $1.25 | $1.00 | - | $1.85 | $2.93 | $2.95 | - |
| EPS - Diluted | $5.75 | - | $1.42 | $1.25 | $1.00 | - | $1.84 | $2.91 | $2.92 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $141.85M | $116.92M | $412.57M | $148.81M | $132.77M | $157.51M | $103.31M | $176.14M | $139.50M | $126.76M |
| Accounts Receivable | $242.47M | $177.89M | $155.02M | $150.21M | $160.35M | $185.52M | $191.09M | $223.08M | $242.96M | $247.16M |
| Inventory | $5.41M | $611.0K | $577.0K | $522.0K | $573.0K | $1.88M | $378.0K | $1.85M | $593.0K | $1.33M |
| Accounts Payable | - | $1.66M | - | - | - | $5.83M | - | - | - | $6.57M |
| Current Assets | $666.49M | $367.05M | $591.97M | $332.39M | $326.61M | $376.32M | $372.27M | $434.62M | $490.07M | $464.98M |
| Total Assets | $2.87B | $2.67B | $2.79B | $2.52B | $2.54B | $2.64B | $2.59B | $2.67B | $2.55B | $2.52B |
| Current Liabilities | $90.79M | $98.89M | $337.71M | $350.33M | $118.44M | $130.94M | $103.29M | $111.73M | $179.75M | $195.57M |
| Long-term Debt | $573.93M | $541.29M | $509.53M | $259.80M | $544.73M | $638.35M | $600.69M | $663.05M | $564.20M | $595.23M |
| Total Liabilities | $677.07M | $648.37M | $855.79M | $623.44M | $673.55M | $780.35M | $713.22M | $787.23M | $756.53M | $805.06M |
| Stockholders' Equity | $2.19B | $2.02B | $1.93B | $1.90B | $1.87B | $1.86B | $1.87B | $1.89B | $1.72B | $1.72B |
| Retained Earnings | $703.50M | $523.79M | $438.77M | $406.24M | $374.21M | $359.14M | $382.35M | $364.45M | $306.66M | $226.83M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $141.06M | - | - | - | $69.95M | - | - | - | $156.44M | - |
| Investing Cash Flow | ($37.63M) | - | - | - | $36.91M | - | - | - | ($42.90M) | - |
| Financing Cash Flow | ($78.50M) | - | - | - | ($131.60M) | - | - | - | ($100.80M) | - |
| CapEx | - | - | - | - | $2.90M | $119.50M | - | - | - | - |
| Free Cash Flow | - | - | - | - | $67.05M | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 88.7% | - | 40.1% | 35.5% | 32.3% | - | 44.8% | 60.1% | 56.3% | - |
| EBITDA margin | 101.1% | - | 61.0% | 56.6% | 53.9% | - | 62.3% | 74.3% | 68.7% | - |
| Net margin | 87.9% | - | 35.9% | 31.5% | 27.0% | - | 40.7% | 56.2% | 52.7% | - |
| Free cash flow margin | - | - | - | - | 36.6% | - | - | - | - | - |
| FCF / Net income | - | - | - | - | 1.35 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.9% | - | 6.0% | 6.2% | 7.2% | - | 6.0% | 4.7% | 4.5% | - |
| Effective tax rate | - | - | - | - | - | - | -0.0% | 0.0% | 0.0% | - |
| Return on assets | 10.0% | - | 2.5% | 2.4% | 1.9% | - | 3.5% | 5.4% | 5.7% | - |
| Return on equity | 13.0% | - | 3.6% | 3.2% | 2.7% | - | 4.9% | 7.7% | 8.4% | - |
| Return on invested capital | - | - | - | - | - | - | 4.1% | 6.1% | 6.8% | - |
| Liquidity | ||||||||||
| Current ratio | 7.34 | 3.71 | 1.75 | 0.95 | 2.76 | 2.87 | 3.60 | 3.89 | 2.73 | 2.38 |
| Quick ratio | 7.28 | 3.71 | 1.75 | 0.95 | 2.75 | 2.86 | 3.60 | 3.87 | 2.72 | 2.37 |
| Cash ratio | 1.56 | 1.18 | 1.22 | 0.42 | 1.12 | 1.20 | 1.00 | 1.58 | 0.78 | 0.65 |
| Leverage | ||||||||||
| Debt / Equity | 0.26 | 0.27 | 0.26 | 0.14 | 0.29 | 0.34 | 0.32 | 0.35 | 0.33 | 0.35 |
| Debt / Assets | 0.20 | 0.20 | 0.18 | 0.10 | 0.21 | 0.24 | 0.23 | 0.25 | 0.22 | 0.24 |
| Debt / EBITDA | 1.74 | - | 4.25 | 2.35 | 5.51 | - | 4.28 | 3.47 | 2.99 | - |
| Interest coverage | 28.6x | - | 7.4x | 6.7x | 4.9x | - | 8.9x | 13.9x | 12.0x | - |
| Equity multiplier | 1.31 | 1.32 | 1.44 | 1.33 | 1.36 | 1.42 | 1.38 | 1.42 | 1.49 | 1.47 |
| Liabilities / Assets | 0.24 | 0.24 | 0.31 | 0.25 | 0.26 | 0.30 | 0.28 | 0.29 | 0.30 | 0.32 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.07 | 0.08 | 0.07 | - | 0.09 | 0.10 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 272d | - | 288d | 280d | 319d | - | 310d | 316d | 323d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 12.7x | - | 32.5x | 29.2x | 33.2x | - | 28.0x | 20.3x | 18.2x | - |
| P / B | 1.7x | - | 1.2x | 1.0x | 0.9x | - | 1.4x | 1.6x | 1.5x | - |
| P / S | 11.1x | - | 11.6x | 9.2x | 9.0x | - | 11.4x | 11.4x | 9.6x | - |
| EV / EBITDA | 12.3x | - | 19.9x | 17.3x | 20.8x | - | 21.9x | 17.9x | 16.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 77.5% | - | -12.8% | -24.0% | -33.2% | - | -6.8% | -11.9% | -4.4% | - |
| Revenue CAGR (3y) | 4.3% | - | -6.1% | 1.3% | 21.8% | - | 38.5% | 77.1% | 80.4% | - |
| Revenue CAGR (5y) | 47.4% | - | 14.5% | 7.0% | 7.9% | - | 25.9% | 30.1% | 21.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 387.7% | - | -22.1% | -55.2% | -61.7% | - | -11.6% | -8.2% | -16.7% | - |
| Net income growth (YoY) | 477.3% | - | -23.1% | -57.4% | -65.7% | - | -6.4% | -5.9% | -16.3% | - |
| EPS growth (YoY) | 475.0% | - | -22.8% | -57.0% | -65.8% | - | -7.5% | -6.4% | -15.9% | - |
| EPS CAGR (3y) | 18.3% | - | -14.6% | -3.2% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | -11.0% | -2.2% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.4% | 8.8% | 3.2% | 0.7% | 8.9% | 8.1% | 13.6% | 16.5% | 10.2% | 15.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$843.30M totalInternational Crude Tankers Segment$439.61M · 52.1%
International Product Carriers Segment$403.69M · 47.9%
Product / service
$1.27B totalPool Revenue Leases$641.78M · 50.7%
Time Charter Equivalent Services$423.27M · 33.4%
Time And Bareboat Charter Leases$157.58M · 12.4%
Voyage Charter Leases$43.94M · 3.5%
Peer comparison
Same SIC group: Water Transportation
Comparing International Seaways against the 5 most active filers in the same SIC group.
Dividends
$4.38/share trailing 12 months · -15.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $2.1500 |
| Dec 9, 2025 | $0.8600 |
| Sep 10, 2025 | $0.7700 |
| Jun 12, 2025 | $0.6000 |
| Mar 14, 2025 | $0.7000 |
| Dec 13, 2024 | $1.2000 |
| Sep 11, 2024 | $1.5000 |
| Jun 12, 2024 | $1.7500 |
| Mar 13, 2024 | $1.3200 |
| Dec 12, 2023 | $1.2500 |
| Sep 12, 2023 | $1.4200 |
| Jun 13, 2023 | $1.6200 |
| Mar 13, 2023 | $2.0000 |
| Dec 7, 2022 | $1.1200 |
| Sep 13, 2022 | $0.1200 |
| Jun 16, 2022 | $0.1200 |
| Mar 11, 2022 | $0.0600 |
| Dec 8, 2021 | $0.0600 |
| Sep 8, 2021 | $0.0600 |
| Jul 14, 2021 | $1.1200 |
| Jun 11, 2021 | $0.0600 |
| Mar 10, 2021 | $0.0600 |
| Dec 7, 2020 | $0.0600 |
| Sep 8, 2020 | $0.0600 |