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.

Price · INSW

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$843.30M	$951.61M	$1.07B	$864.66M	$272.55M	$421.65M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$50.23M	$52.61M	$47.47M	$46.35M	$33.26M	$29.05M
Total Operating Expenses	$497.92M	$496.39M	$456.34M	$422.01M	$384.68M	$381.77M
D&A	$163.59M	$149.44M	$129.04M	$110.39M	$86.67M	$74.34M
Operating Income	$345.38M	$455.23M	$615.43M	$442.65M	($112.14M)	$39.88M
Interest Expense	$42.70M	$49.70M	$65.76M	$57.72M	$36.80M	$36.71M
Income Tax	($411.0K)	($1.08M)	$3.88M	$88.0K	$1.62M	$1.0K
Net Income	$309.26M	$416.72M	$556.45M	$387.89M	($133.49M)	($5.53M)
EPS - Basic	$6.27	$8.45	$11.35	$7.85	($0.20)	-
EPS - Diluted	$6.23	$8.38	$11.25	$7.77	($0.20)	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$116.92M	$157.51M	$126.76M	$243.74M	$97.88M	$199.39M
Accounts Receivable	$177.89M	$185.52M	$247.16M	$289.77M	$107.10M	$43.36M
Inventory	$611.0K	$1.88M	$1.33M	$531.0K	$2.11M	$3.60M
Accounts Payable	$1.66M	$5.83M	$6.57M	$1.83M	$1.61M	$2.61M
Current Assets	$367.05M	$376.32M	$464.98M	$642.62M	$224.50M	$256.83M
Total Assets	$2.67B	$2.64B	$2.52B	$2.62B	$2.35B	$1.59B
Current Liabilities	$98.89M	$130.94M	$195.57M	$257.39M	$234.61M	$108.90M
Long-term Debt	$541.29M	$638.35M	$595.23M	$860.58M	$926.27M	$474.33M
Total Liabilities	$648.37M	$780.35M	$805.06M	$1.13B	$1.18B	$614.50M
Stockholders' Equity	$2.02B	$1.86B	$1.72B	$1.49B	$1.17B	$972.04M
Retained Earnings	$523.79M	$359.14M	$226.83M	($21.45M)	($409.34M)	($275.85M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$380.05M	$547.14M	$688.40M	$287.80M	($76.19M)	$216.14M
Investing Cash Flow	($141.31M)	($155.02M)	($124.27M)	$42.80M	$133.29M	$32.37M
Financing Cash Flow	($279.32M)	($361.38M)	($681.12M)	($185.79M)	($173.84M)	($183.07M)
CapEx	-	$119.50M	-	-	-	-
Free Cash Flow	-	$427.64M	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	41.0%	47.8%	57.4%	51.2%	-41.1%	9.5%
EBITDA margin	60.4%	63.5%	69.5%	64.0%	-9.3%	27.1%
Net margin	36.7%	43.8%	51.9%	44.9%	-49.0%	-1.3%
Free cash flow margin	-	44.9%	-	-	-	-
FCF / Net income	-	1.03	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	6.0%	5.5%	4.4%	5.4%	12.2%	6.9%
Effective tax rate	-0.1%	-0.3%	0.7%	0.0%	-	-
Return on assets	11.6%	15.8%	22.1%	14.8%	-5.7%	-0.3%
Return on equity	15.3%	22.5%	32.4%	26.1%	-11.4%	-0.6%
Return on invested capital	13.5%	18.2%	26.4%	18.8%	-4.2%	2.2%
Liquidity
Current ratio	3.71	2.87	2.38	2.50	0.96	2.36
Quick ratio	3.71	2.86	2.37	2.49	0.95	2.33
Cash ratio	1.18	1.20	0.65	0.95	0.42	1.83
Leverage
Debt / Equity	0.27	0.34	0.35	0.58	0.79	0.49
Debt / Assets	0.20	0.24	0.24	0.33	0.39	0.30
Debt / EBITDA	1.06	1.06	0.80	1.56	-	4.15
Interest coverage	8.1x	9.2x	9.4x	7.7x	-3.0x	1.1x
Equity multiplier	1.32	1.42	1.47	1.76	2.01	1.63
Liabilities / Assets	0.24	0.30	0.32	0.43	0.50	0.39
Efficiency
Asset turnover	0.32	0.36	0.43	0.33	0.12	0.27
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	77d	71d	84d	122d	143d	38d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	7.8x	4.3x	4.0x	4.8x	-	-
P / B	1.2x	1.0x	1.3x	1.2x	0.4x	-
P / S	2.9x	1.9x	2.1x	2.1x	1.5x	-
EV / EBITDA	5.6x	3.7x	3.6x	4.5x	-	-
Growth
Revenue growth (YoY)	-11.4%	-11.2%	24.0%	217.3%	-35.4%	15.1%
Revenue CAGR (3y)	-0.8%	51.7%	36.5%	33.2%	0.3%	13.3%
Revenue CAGR (5y)	14.9%	21.0%	31.7%	24.4%	-7.3%	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-24.1%	-26.0%	39.0%	-	-	-27.7%
Net income growth (YoY)	-25.8%	-25.1%	43.5%	-	-2313.5%	-566.4%
EPS growth (YoY)	-25.7%	-25.5%	44.8%	-	-	-
EPS CAGR (3y)	-7.1%	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	8.8%	8.1%	15.4%	27.2%	20.3%	-4.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$843.30M total

International Crude Tankers Segment$439.61M · 52.1%

International Product Carriers Segment$403.69M · 47.9%

Product / service

$1.27B total

Pool 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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.26

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Water Transportation

Company	Revenue (last FY)	Net margin	ROE
MATX	$3.34B	13.3%	16.1%
KEX	$3.36B	10.5%	10.5%
RCL	$17.93B	23.8%	42.5%
TDW	$1.35B	24.7%	24.5%
NCLH	-	-	19.2%

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