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NAT vs INSW
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
NAT vs INSW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream |
| Market Cap | $1.22B | $4.24B |
| Revenue (TTM) | $281M | $843M |
| Net Income (TTM) | $2M | $309M |
| Gross Margin | 16.6% | 47.2% |
| Operating Margin | 6.2% | 42.4% |
| Forward P/E | 10.3x | 8.1x |
| Total Debt | $270M | $576M |
| Cash & Equiv. | $39M | $117M |
NAT vs INSW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Nordic American Tan… (NAT) | 100 | 126.3 | +26.3% |
| International Seawa… (INSW) | 100 | 378.2 | +278.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NAT vs INSW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NAT is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.27, yield 7.2%
- Rev growth -10.7%, EPS growth -53.2%, 3Y rev CAGR 21.3%
- Lower volatility, beta 0.27, Low D/E 53.0%, current ratio 1.65x
INSW carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 9.7% 10Y total return vs NAT's -38.2%
- Lower P/E (8.1x vs 10.3x)
- 36.7% margin vs NAT's 0.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -10.7% revenue growth vs INSW's -11.4% | |
| Value | Lower P/E (8.1x vs 10.3x) | |
| Quality / Margins | 36.7% margin vs NAT's 0.7% | |
| Stability / Safety | Beta 0.27 vs INSW's 0.43 | |
| Dividends | 7.2% yield, vs INSW's 3.4% | |
| Momentum (1Y) | +146.7% vs NAT's +135.5% | |
| Efficiency (ROA) | 11.8% ROA vs NAT's 0.2%, ROIC 9.4% vs 7.5% |
NAT vs INSW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NAT vs INSW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
INSW leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
INSW is the larger business by revenue, generating $843M annually — 3.0x NAT's $281M. INSW is the more profitable business, keeping 36.7% of every revenue dollar as net income compared to NAT's 0.7%. On growth, INSW holds the edge at +37.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $281M | $843M |
| EBITDAEarnings before interest/tax | $75M | $521M |
| Net IncomeAfter-tax profit | $2M | $309M |
| Free Cash FlowCash after capex | -$112M | $38M |
| Gross MarginGross profit ÷ Revenue | +16.6% | +47.2% |
| Operating MarginEBIT ÷ Revenue | +6.2% | +42.4% |
| Net MarginNet income ÷ Revenue | +0.7% | +36.7% |
| FCF MarginFCF ÷ Revenue | -39.8% | +4.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -8.8% | +37.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -131.5% | +2.6% |
Valuation Metrics
INSW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 13.8x trailing earnings, INSW trades at a 48% valuation discount to NAT's 26.2x P/E. On an enterprise value basis, INSW's 10.0x EV/EBITDA is more attractive than NAT's 10.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.2B | $4.2B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $4.7B |
| Trailing P/EPrice ÷ TTM EPS | 26.23x | 13.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.26x | 8.10x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.88x | 10.00x |
| Price / SalesMarket cap ÷ Revenue | 3.49x | 5.03x |
| Price / BookPrice ÷ Book value/share | 2.38x | 2.11x |
| Price / FCFMarket cap ÷ FCF | 9.73x | 111.18x |
Profitability & Efficiency
INSW leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
INSW delivers a 16.0% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $0 for NAT. INSW carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to NAT's 0.53x. On the Piotroski fundamental quality scale (0–9), INSW scores 6/9 vs NAT's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.4% | +16.0% |
| ROA (TTM)Return on assets | +0.2% | +11.8% |
| ROICReturn on invested capital | +7.5% | +9.4% |
| ROCEReturn on capital employed | +9.9% | +12.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.53x | 0.29x |
| Net DebtTotal debt minus cash | $231M | $459M |
| Cash & Equiv.Liquid assets | $39M | $117M |
| Total DebtShort + long-term debt | $270M | $576M |
| Interest CoverageEBIT ÷ Interest expense | 1.06x | 3.69x |
Total Returns (Dividends Reinvested)
INSW leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in INSW five years ago would be worth $52,215 today (with dividends reinvested), compared to $21,976 for NAT. Over the past 12 months, INSW leads with a +146.7% total return vs NAT's +135.5%. The 3-year compound annual growth rate (CAGR) favors INSW at 38.9% vs NAT's 27.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +76.3% | +87.1% |
| 1-Year ReturnPast 12 months | +135.5% | +146.7% |
| 3-Year ReturnCumulative with dividends | +105.2% | +167.9% |
| 5-Year ReturnCumulative with dividends | +119.8% | +422.1% |
| 10-Year ReturnCumulative with dividends | -38.2% | +970.0% |
| CAGR (3Y)Annualised 3-year return | +27.1% | +38.9% |
Risk & Volatility
Evenly matched — NAT and INSW each lead in 1 of 2 comparable metrics.
Risk & Volatility
NAT is the less volatile stock with a 0.27 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. INSW currently trades 96.9% from its 52-week high vs NAT's 91.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.43x |
| 52-Week HighHighest price in past year | $6.34 | $88.52 |
| 52-Week LowLowest price in past year | $2.54 | $35.60 |
| % of 52W HighCurrent price vs 52-week peak | +91.0% | +96.9% |
| RSI (14)Momentum oscillator 0–100 | 58.1 | 75.1 |
| Avg Volume (50D)Average daily shares traded | 5.3M | 585K |
Analyst Outlook
NAT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates NAT as "Hold" and INSW as "Buy". Consensus price targets imply -2.8% upside for INSW (target: $83) vs -39.3% for NAT (target: $4). For income investors, NAT offers the higher dividend yield at 7.24% vs INSW's 3.40%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $3.50 | $83.33 |
| # AnalystsCovering analysts | 19 | 13 |
| Dividend YieldAnnual dividend ÷ price | +7.2% | +3.4% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.42 | $2.92 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% |
INSW leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). NAT leads in 1 (Analyst Outlook). 1 tied.
NAT vs INSW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NAT or INSW a better buy right now?
For growth investors, Nordic American Tankers Limited (NAT) is the stronger pick with -10.
7% revenue growth year-over-year, versus -11. 4% for International Seaways, Inc. (INSW). International Seaways, Inc. (INSW) offers the better valuation at 13. 8x trailing P/E (8. 1x 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 — NAT or INSW?
On trailing P/E, International Seaways, Inc.
(INSW) is the cheapest at 13. 8x versus Nordic American Tankers Limited at 26. 2x. On forward P/E, International Seaways, Inc. is actually cheaper at 8. 1x.
03Which is the better long-term investment — NAT or INSW?
Over the past 5 years, International Seaways, Inc.
(INSW) delivered a total return of +422. 1%, compared to +119. 8% for Nordic American Tankers Limited (NAT). Over 10 years, the gap is even starker: INSW returned +970. 0% versus NAT's -38. 2%. 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 — NAT or INSW?
By beta (market sensitivity over 5 years), Nordic American Tankers Limited (NAT) is the lower-risk stock at 0.
27β versus International Seaways, Inc. 's 0. 43β — meaning INSW is approximately 57% more volatile than NAT relative to the S&P 500. On balance sheet safety, International Seaways, Inc. (INSW) carries a lower debt/equity ratio of 29% versus 53% for Nordic American Tankers Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — NAT or INSW?
By revenue growth (latest reported year), Nordic American Tankers Limited (NAT) is pulling ahead at -10.
7% versus -11. 4% for International Seaways, Inc. (INSW). On earnings-per-share growth, the picture is similar: International Seaways, Inc. grew EPS -25. 7% year-over-year, compared to -53. 2% for Nordic American Tankers Limited. Over a 3-year CAGR, NAT leads at 21. 3% 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 — NAT or INSW?
International Seaways, Inc.
(INSW) is the more profitable company, earning 36. 7% net margin versus 13. 3% for Nordic American Tankers Limited — meaning it keeps 36. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: INSW leads at 36. 3% versus 22. 1% for NAT. 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 NAT or INSW more undervalued right now?
On forward earnings alone, International Seaways, Inc.
(INSW) trades at 8. 1x forward P/E versus 10. 3x for Nordic American Tankers Limited — 2. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INSW: -2. 8% to $83. 33.
08Which pays a better dividend — NAT or INSW?
All stocks in this comparison pay dividends.
Nordic American Tankers Limited (NAT) offers the highest yield at 7. 2%, versus 3. 4% for International Seaways, Inc. (INSW).
09Is NAT or INSW 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. 4% yield, +970. 0% 10Y return). Both have compounded well over 10 years (INSW: +970. 0%, NAT: -38. 2%), 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 NAT and INSW?
These companies operate in different sectors (NAT (Industrials) and INSW (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: NAT is a small-cap income-oriented stock; INSW is a small-cap deep-value stock. 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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