Oil & Gas Midstream
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INSW vs TK vs FRO vs TNK
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
INSW vs TK vs FRO vs TNK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $4.46B | $1.18B | $8.48B | $2.83B |
| Revenue (TTM) | $676M | $993M | $1.77B | $952M |
| Net Income (TTM) | $546M | $79M | $218M | $351M |
| Gross Margin | 40.6% | 28.1% | 26.5% | 27.5% |
| Operating Margin | 44.4% | 24.8% | 25.5% | 27.5% |
| Forward P/E | 8.5x | 64.0x | 6.0x | 6.0x |
| Total Debt | $576M | $66M | $3.75B | $55M |
| Cash & Equiv. | $117M | $685M | $414M | $831M |
INSW vs TK vs FRO vs TNK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| International Seawa… (INSW) | 100 | 397.6 | +297.6% |
| Teekay Corporation (TK) | 100 | 480.9 | +380.9% |
| Frontline Ltd. (FRO) | 100 | 417.3 | +317.3% |
| Teekay Tankers Ltd. (TNK) | 100 | 467.6 | +367.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INSW vs TK vs FRO vs TNK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
INSW carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 10.1% 10Y total return vs FRO's 5.1%
- 80.8% margin vs TK's 7.9%
- +160.2% vs TNK's +80.3%
- 20.1% ROA vs TK's 3.5%, ROIC 9.4% vs 19.1%
TK is the clearest fit if your priority is income & stability.
- Dividend streak 3 yrs, beta 0.38, yield 6.5%
- 6.5% yield, 3-year raise streak, vs FRO's 5.1%
FRO is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 13.8%, EPS growth -24.4%, 3Y rev CAGR 39.9%
- 13.8% revenue growth vs TNK's -22.6%
- Lower P/E (6.0x vs 8.5x)
TNK is the clearest fit if your priority is sleep-well-at-night and valuation efficiency.
- Lower volatility, beta 0.35, Low D/E 2.7%, current ratio 7.98x
- PEG 0.19 vs FRO's 0.26
- Beta 0.35, yield 2.4%, current ratio 7.98x
- Beta 0.35 vs INSW's 0.43, lower leverage
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.8% revenue growth vs TNK's -22.6% | |
| Value | Lower P/E (6.0x vs 8.5x) | |
| Quality / Margins | 80.8% margin vs TK's 7.9% | |
| Stability / Safety | Beta 0.35 vs INSW's 0.43, lower leverage | |
| Dividends | 6.5% yield, 3-year raise streak, vs FRO's 5.1% | |
| Momentum (1Y) | +160.2% vs TNK's +80.3% | |
| Efficiency (ROA) | 20.1% ROA vs TK's 3.5%, ROIC 9.4% vs 19.1% |
INSW vs TK vs FRO vs TNK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
INSW vs TK vs FRO vs TNK — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
INSW leads in 2 of 6 categories
TK leads 2 • TNK leads 1 • FRO leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
INSW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FRO is the larger business by revenue, generating $1.8B annually — 2.6x INSW's $676M. INSW is the more profitable business, keeping 80.8% of every revenue dollar as net income compared to TK's 7.9%. On growth, FRO holds the edge at -11.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $676M | $993M | $1.8B | $952M |
| EBITDAEarnings before interest/tax | $465M | $334M | $781M | $348M |
| Net IncomeAfter-tax profit | $546M | $79M | $218M | $351M |
| Free Cash FlowCash after capex | $193M | $241M | $557M | $113M |
| Gross MarginGross profit ÷ Revenue | +40.6% | +28.1% | +26.5% | +27.5% |
| Operating MarginEBIT ÷ Revenue | +44.4% | +24.8% | +25.5% | +27.5% |
| Net MarginNet income ÷ Revenue | +80.8% | +7.9% | +12.3% | +36.9% |
| FCF MarginFCF ÷ Revenue | +28.5% | +24.2% | +31.5% | +11.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -91.3% | -29.0% | -11.8% | -26.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.8% | -2.4% | -33.3% | +46.0% |
Valuation Metrics
TK leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 8.0x trailing earnings, TNK trades at a 53% valuation discount to FRO's 17.1x P/E. Adjusting for growth (PEG ratio), TNK offers better value at 0.26x vs FRO's 0.73x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $4.5B | $1.2B | $8.5B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $4.9B | $565M | $11.8B | $2.1B |
| Trailing P/EPrice ÷ TTM EPS | 14.48x | 9.92x | 17.09x | 8.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.52x | 64.05x | 5.99x | 6.00x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 0.73x | 0.26x |
| EV / EBITDAEnterprise value multiple | 10.48x | 1.23x | 10.54x | 6.80x |
| Price / SalesMarket cap ÷ Revenue | 5.29x | 0.97x | 4.14x | 2.97x |
| Price / BookPrice ÷ Book value/share | 2.21x | 0.68x | 3.62x | 1.38x |
| Price / FCFMarket cap ÷ FCF | 117.08x | 3.02x | — | 25.09x |
Profitability & Efficiency
TNK leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
INSW delivers a 27.1% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $4 for TK. TNK carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to FRO's 1.60x. On the Piotroski fundamental quality scale (0–9), INSW scores 6/9 vs TNK's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +27.1% | +4.0% | +9.4% | +17.2% |
| ROA (TTM)Return on assets | +20.1% | +3.5% | +3.8% | +15.7% |
| ROICReturn on invested capital | +9.4% | +19.1% | +10.6% | +12.5% |
| ROCEReturn on capital employed | +12.1% | +18.1% | +14.1% | +10.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.29x | 0.03x | 1.60x | 0.03x |
| Net DebtTotal debt minus cash | $459M | -$620M | $3.3B | -$776M |
| Cash & Equiv.Liquid assets | $117M | $685M | $414M | $831M |
| Total DebtShort + long-term debt | $576M | $66M | $3.7B | $55M |
| Interest CoverageEBIT ÷ Interest expense | 0.90x | 69.29x | 1.87x | 109.95x |
Total Returns (Dividends Reinvested)
INSW leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TNK five years ago would be worth $61,384 today (with dividends reinvested), compared to $51,229 for TK. Over the past 12 months, INSW leads with a +160.2% total return vs TNK's +80.3%. The 3-year compound annual growth rate (CAGR) favors TK at 51.1% vs TNK's 33.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +96.5% | +59.8% | +90.1% | +58.3% |
| 1-Year ReturnPast 12 months | +160.2% | +91.5% | +132.3% | +80.3% |
| 3-Year ReturnCumulative with dividends | +179.7% | +244.7% | +203.4% | +136.5% |
| 5-Year ReturnCumulative with dividends | +438.1% | +412.3% | +465.7% | +513.8% |
| 10-Year ReturnCumulative with dividends | +1014.5% | +97.1% | +513.5% | +187.7% |
| CAGR (3Y)Annualised 3-year return | +40.9% | +51.1% | +44.8% | +33.2% |
Risk & Volatility
Evenly matched — TK and TNK each lead in 1 of 2 comparable metrics.
Risk & Volatility
TNK is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than INSW's 0.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TK currently trades 99.1% from its 52-week high vs FRO's 95.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.43x | 0.38x | 0.36x | 0.35x |
| 52-Week HighHighest price in past year | $91.58 | $14.22 | $39.89 | $83.54 |
| 52-Week LowLowest price in past year | $35.60 | $7.12 | $16.25 | $41.05 |
| % of 52W HighCurrent price vs 52-week peak | +98.5% | +99.1% | +95.5% | +97.3% |
| RSI (14)Momentum oscillator 0–100 | 67.3 | 60.2 | 61.4 | 57.9 |
| Avg Volume (50D)Average daily shares traded | 597K | 513K | 4.0M | 542K |
Analyst Outlook
TK leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: INSW as "Buy", TK as "Buy", FRO as "Hold", TNK as "Buy". Consensus price targets imply 10.7% upside for TNK (target: $90) vs -7.6% for INSW (target: $83). For income investors, TK offers the higher dividend yield at 6.47% vs TNK's 2.44%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $83.33 | — | $38.50 | $90.00 |
| # AnalystsCovering analysts | 13 | 14 | 22 | 23 |
| Dividend YieldAnnual dividend ÷ price | +3.2% | +6.5% | +5.1% | +2.4% |
| Dividend StreakConsecutive years of raises | 0 | 3 | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.92 | $0.91 | $1.95 | $1.98 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +9.8% | 0.0% | 0.0% |
INSW leads in 2 of 6 categories (Income & Cash Flow, Total Returns). TK leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
INSW vs TK vs FRO vs TNK: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is INSW or TK or FRO or TNK a better buy right now?
For growth investors, Frontline Ltd.
(FRO) is the stronger pick with 13. 8% revenue growth year-over-year, versus -22. 6% for Teekay Tankers Ltd. (TNK). Teekay Tankers Ltd. (TNK) offers the better valuation at 8. 0x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate International Seaways, Inc. (INSW) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — INSW or TK or FRO or TNK?
On trailing P/E, Teekay Tankers Ltd.
(TNK) is the cheapest at 8. 0x versus Frontline Ltd. at 17. 1x. On forward P/E, Frontline Ltd. is actually cheaper at 6. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Teekay Tankers Ltd. wins at 0. 19x versus Frontline Ltd. 's 0. 26x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — INSW or TK or FRO or TNK?
Over the past 5 years, Teekay Tankers Ltd.
(TNK) delivered a total return of +513. 8%, compared to +412. 3% for Teekay Corporation (TK). Over 10 years, the gap is even starker: INSW returned +1015% versus TK's +97. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — INSW or TK or FRO or TNK?
By beta (market sensitivity over 5 years), Teekay Tankers Ltd.
(TNK) is the lower-risk stock at 0. 35β versus International Seaways, Inc. 's 0. 43β — meaning INSW is approximately 22% more volatile than TNK relative to the S&P 500. On balance sheet safety, Teekay Tankers Ltd. (TNK) carries a lower debt/equity ratio of 3% versus 160% for Frontline Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — INSW or TK or FRO or TNK?
By revenue growth (latest reported year), Frontline Ltd.
(FRO) is pulling ahead at 13. 8% versus -22. 6% for Teekay Tankers Ltd. (TNK). On earnings-per-share growth, the picture is similar: Teekay Corporation grew EPS -7. 8% year-over-year, compared to -25. 7% for International Seaways, Inc.. Over a 3-year CAGR, FRO leads at 39. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — INSW or TK or FRO or TNK?
Teekay Tankers Ltd.
(TNK) is the more profitable company, earning 36. 9% net margin versus 11. 0% for Teekay Corporation — meaning it keeps 36. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FRO leads at 38. 1% versus 22. 6% for TNK. At the gross margin level — before operating expenses — INSW leads at 42. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is INSW or TK or FRO or TNK more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Teekay Tankers Ltd. (TNK) is the more undervalued stock at a PEG of 0. 19x versus Frontline Ltd. 's 0. 26x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Frontline Ltd. (FRO) trades at 6. 0x forward P/E versus 64. 0x for Teekay Corporation — 58. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TNK: 10. 7% to $90. 00.
08Which pays a better dividend — INSW or TK or FRO or TNK?
All stocks in this comparison pay dividends.
Teekay Corporation (TK) offers the highest yield at 6. 5%, versus 2. 4% for Teekay Tankers Ltd. (TNK).
09Is INSW or TK or FRO or TNK better for a retirement portfolio?
For long-horizon retirement investors, International Seaways, Inc.
(INSW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 43), 3. 2% yield, +1015% 10Y return). Both have compounded well over 10 years (INSW: +1015%, TK: +97. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between INSW and TK and FRO and TNK?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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