International Seaways, Inc. (INSW) 10-Year Financial Performance & Capital Metrics

INSW • • Industrial / General

EnergyMidstream Oil & GasMarine TransportationCrude Oil Tanker Operators

AboutInternational Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.Show more

Revenue $952M -11.2%
EBITDA $605M -18.8%
Net Income $417M -25.1%
EPS (Diluted) 8.39 -25.4%
Gross Margin 50.25% -14.2%
EBITDA Margin 63.54% -8.5%
Operating Margin 47.84% -16.7%
Net Margin 43.79% -15.7%
ROE 23.33% -32.8%
ROIC 14.39% -27.5%
Debt/Equity 0.38 -11.6%
Interest Coverage 9.16 -2.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.1%
✓FCF machine: 27.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.0%
✓Healthy 5Y average net margin of 18.1%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.29%

5Y21.05%

3Y51.71%

TTM-23.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-57.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM-57.63%

ROCE

10Y Avg7.39%

5Y Avg12.55%

3Y Avg21.65%

Latest18.84%

Peer Comparison

Crude Oil Tanker Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DHTDHT Holdings, Inc.	2.14B	13.28	11.86	2%	41.18%	18.25%	9.44%	0.40
FROFrontline Ltd.	5.78B	25.95	11.64	13.77%	12.34%	9.37%		1.60
RBNERobin Energy Ltd.	9.23M	3.29	7.48	-56.64%	15.53%	4.38%	73.91%
TKTeekay Corporation	826.26M	9.69	6.82	-16.7%	18.53%	9.96%	47.42%	0.03
INSWInternational Seaways, Inc.	2.76B	55.78	6.65	-11.21%	28.26%	11.25%	9.51%	0.38
TNKTeekay Tankers Ltd.	1.79B	59.81	5.15	-16.58%	31%	16.77%	22.17%	0.04
TENTsakos Energy Navigation Limited	771.27M	25.60	5.09	-9.61%	20%	8.97%		1.00
TEN-PETsakos Energy Navigation Limited		26.77		-9.61%	18.73%	8.25%		0.78

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	497.63M	398.32M	290.1M	270.36M	366.18M	421.65M	272.55M	864.66M	1.07B	951.61M
Revenue Growth %	-0.04%	-0.2%	-0.27%	-0.07%	0.35%	0.15%	-0.35%	2.17%	0.24%	-0.11%
Cost of Goods Sold+	284.22M	272.51M	276.89M	279.6M	282.63M	252.47M	310.35M	394.15M	444.24M	473.45M
COGS % of Revenue	0.57%	0.68%	0.95%	1.03%	0.77%	0.6%	1.14%	0.46%	0.41%	0.5%
Gross Profit+	213.41M	125.81M	13.21M	-9.24M	83.55M	169.18M	-37.8M	470.52M	627.54M	478.16M
Gross Margin %	0.43%	0.32%	0.05%	-0.03%	0.23%	0.4%	-0.14%	0.54%	0.59%	0.5%
Gross Profit Growth %	2.17%	-0.41%	-0.9%	-1.7%	10.04%	1.02%	-1.22%	13.45%	0.33%	-0.24%
Operating Expenses+	41.55M	40.66M	25.34M	24.3M	17.17M	125.18M	52.49M	27.15M	12.11M	22.94M
OpEx % of Revenue	0.08%	0.1%	0.09%	0.09%	0.05%	0.3%	0.19%	0.03%	0.01%	0.02%
Selling, General & Admin	41.55M	40.66M	25.34M	24.3M	26.8M	28.98M	33.23M	46.35M	47.47M	52.61M
SG&A % of Revenue	0.08%	0.1%	0.09%	0.09%	0.07%	0.07%	0.12%	0.05%	0.04%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	66K	0	0	0	-9.63M	96.2M	19.26M	-19.2M	-35.37M	-29.67M
Operating Income+	221.87M	22.79M	-59.26M	-25.1M	66.38M	44M	-90.3M	443.37M	615.43M	455.23M
Operating Margin %	0.45%	0.06%	-0.2%	-0.09%	0.18%	0.1%	-0.33%	0.51%	0.57%	0.48%
Operating Income Growth %	4.22%	-0.9%	-3.6%	0.58%	3.64%	-0.34%	-3.05%	5.91%	0.39%	-0.26%
EBITDA+	303.53M	102.67M	19.59M	47.33M	142.03M	118.34M	-3.63M	553.76M	744.47M	604.66M
EBITDA Margin %	0.61%	0.26%	0.07%	0.18%	0.39%	0.28%	-0.01%	0.64%	0.69%	0.64%
EBITDA Growth %	1.38%	-0.66%	-0.81%	1.42%	2%	-0.17%	-1.03%	153.76%	0.34%	-0.19%
D&A (Non-Cash Add-back)	81.65M	79.89M	78.85M	72.43M	75.65M	74.34M	86.67M	110.39M	129.04M	149.44M
EBIT	216.28M	22.58M	-64.8M	-28.81M	65.44M	31.18M	-96.25M	445.7M	626.08M	465.34M
Net Interest Income+	-42.9M	-39.99M	-40.57M	-58.93M	-63.75M	-36.15M	-36.69M	-54.07M	-51.8M	-39.79M
Interest Income	66K	376K	676K	1.3M	2.77M	558K	104K	3.65M	13.96M	9.92M
Interest Expense	42.97M	40.36M	41.25M	60.23M	66.27M	36.71M	36.8M	57.72M	65.76M	49.7M
Other Income/Expense	-48.56M	-23.72M	-47.06M	-63.95M	-67.21M	-49.53M	-42.74M	-55.39M	-55.11M	-39.59M
Pretax Income+	173.31M	-17.78M	-106.04M	-89.05M	-829K	-5.53M	-133.04M	387.98M	560.32M	415.64M
Pretax Margin %	0.35%	-0.04%	-0.37%	-0.33%	-0%	-0.01%	-0.49%	0.45%	0.52%	0.44%
Income Tax+	140K	440K	44K	-105K	1K	1K	1.62M	88K	3.88M	-1.08M
Effective Tax Rate %	1%	1.02%	1%	1%	1%	1%	1%	1%	0.99%	1%
Net Income+	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-133.49M	387.89M	556.45M	416.72M
Net Margin %	0.35%	-0.05%	-0.37%	-0.33%	-0%	-0.01%	-0.49%	0.45%	0.52%	0.44%
Net Income Growth %	2.45%	-1.11%	-4.82%	0.16%	0.99%	-5.66%	-23.14%	3.91%	0.43%	-0.25%
Net Income (Continuing)	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-134.66M	387.89M	556.45M	416.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	584K	0	0	0
EPS (Diluted)+	5.94	-0.62	-3.64	-3.05	-0.03	-0.19	-3.51	7.78	11.25	8.39
EPS Growth %	2.46%	-1.1%	-4.87%	0.16%	0.99%	-5.69%	-17.47%	3.22%	0.45%	-0.25%
EPS (Basic)	5.94	-0.62	-3.64	-3.05	-0.03	-0.19	-3.51	7.86	11.35	8.46
Diluted Shares Outstanding	29.16M	29.16M	29.16M	29.14M	29.23M	28.37M	38.41M	49.84M	49.43M	49.68M
Basic Shares Outstanding	29.16M	29.16M	29.15M	29.14M	29.23M	28.37M	38.41M	49.38M	48.98M	49.27M
Dividend Payout Ratio	1.15%	-	-	-	-	-	-	0.05%	0.04%	0.68%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	396.74M	170.91M	131.79M	167.62M	187.34M	256.83M	224.5M	642.62M	464.98M	376.32M
Cash & Short-Term Investments	308.86M	92M	60.03M	58.31M	89.67M	199.39M	97.88M	323.74M	186.76M	157.51M
Cash Only	308.86M	92M	60.03M	58.31M	89.67M	199.39M	97.88M	243.74M	126.76M	157.51M
Short-Term Investments	0	0	0	0	0	0	0	80M	60M	0
Accounts Receivable	79.42M	72.22M	62.6M	99.87M	87.78M	47.84M	112.75M	302.36M	261.47M	199.29M
Days Sales Outstanding	58.25	66.18	78.76	134.83	87.5	41.41	150.99	127.63	89.04	76.44
Inventory	3.4M	1.34M	3.27M	3.07M	3.9M	3.6M	2.11M	531K	1.33M	1.88M
Days Inventory Outstanding	4.36	1.79	4.31	4	5.03	5.21	2.48	0.49	1.09	1.45
Other Current Assets	0	0	5.9M	460K	0	0	0	15.98M	14.3M	17.65M
Total Non-Current Assets+	1.63B	1.49B	1.53B	1.68B	1.57B	1.33B	2.12B	1.97B	2.06B	2.26B
Property, Plant & Equipment	1.24B	1.1B	1.1B	1.33B	1.33B	1.13B	1.88B	1.86B	1.95B	2.11B
Fixed Asset Turnover	0.40x	0.36x	0.26x	0.20x	0.28x	0.37x	0.15x	0.47x	0.55x	0.45x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	344.89M	358.68M	378.89M	268.32M	153.29M	141.92M	180.33M	36.41M	1.15M	801K
Other Non-Current Assets	47.91M	32.88M	49.07M	81.86M	86.63M	57.98M	66.64M	79.49M	109.2M	150.81M
Total Assets+	2.03B	1.66B	1.66B	1.85B	1.75B	1.59B	2.35B	2.62B	2.52B	2.64B
Asset Turnover	0.25x	0.24x	0.17x	0.15x	0.21x	0.27x	0.12x	0.33x	0.43x	0.36x
Asset Growth %	-0%	-0.18%	0%	0.11%	-0.05%	-0.1%	0.48%	0.11%	-0.04%	0.05%
Total Current Liabilities+	48.42M	45.1M	47.23M	75.27M	114.48M	108.9M	234.61M	257.39M	195.57M	130.94M
Accounts Payable	3.37M	2.87M	330K	1.16M	4.99M	2.61M	1.61M	1.83M	6.57M	5.83M
Days Payables Outstanding	4.33	3.84	0.43	1.52	6.44	3.77	1.89	1.69	5.4	4.49
Short-Term Debt	6.28M	6.18M	24.06M	51.55M	70.35M	61.48M	178.72M	162.85M	127.45M	50.05M
Deferred Revenue (Current)	1000K	1000K	918K	450K	272K	1000K	353K	1000K	1000K	1000K
Other Current Liabilities	35.38M	23.66M	15.17M	17.59M	5.34M	8.31M	6.33M	941K	34.34M	2.94M
Current Ratio	8.19x	3.79x	2.79x	2.23x	1.64x	2.36x	0.96x	2.50x	2.38x	2.87x
Quick Ratio	8.12x	3.76x	2.72x	2.19x	1.60x	2.33x	0.95x	2.49x	2.37x	2.86x
Cash Conversion Cycle	58.28	64.13	82.64	137.31	86.09	42.85	151.59	126.43	84.74	73.39
Total Non-Current Liabilities+	597.75M	437.91M	531.6M	763.48M	616.73M	505.6M	941.84M	870.19M	609.49M	649.41M
Long-Term Debt	588.94M	433.47M	528.87M	759.11M	590.75M	474.33M	926.27M	860.58M	595.23M	638.35M
Capital Lease Obligations	0	0	0	0	17.95M	10.25M	12.52M	7.74M	11.63M	8.71M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	8.81M	4.44M	2.72M	4.36M	8.03M	21.02M	3.04M	1.88M	2.63M	2.35M
Total Liabilities	646.16M	483.01M	578.83M	838.75M	731.21M	614.5M	1.18B	1.13B	805.06M	780.35M
Total Debt+	595.22M	439.65M	552.94M	810.67M	692.01M	554.93M	1.13B	1.07B	744.53M	711.74M
Net Debt	286.36M	347.65M	492.91M	752.35M	602.34M	355.55M	1.03B	830.89M	617.77M	554.23M
Debt / Equity	0.43x	0.37x	0.51x	0.80x	0.68x	0.57x	0.96x	0.72x	0.43x	0.38x
Debt / EBITDA	1.96x	4.28x	28.22x	17.13x	4.87x	4.69x	-	1.94x	1.00x	1.18x
Net Debt / EBITDA	0.94x	3.39x	25.16x	15.90x	4.24x	3.00x	-	1.50x	0.83x	0.92x
Interest Coverage	5.16x	0.56x	-1.44x	-0.42x	1.00x	1.20x	-2.45x	7.68x	9.36x	9.16x
Total Equity+	1.38B	1.18B	1.09B	1.01B	1.02B	972.04M	1.17B	1.49B	1.72B	1.86B
Equity Growth %	-0.01%	-0.15%	-0.08%	-0.07%	0.01%	-0.05%	0.2%	0.27%	0.15%	0.08%
Book Value per Share	47.46	40.45	37.23	34.66	34.98	34.26	30.47	29.85	34.73	37.36
Total Shareholders' Equity	1.38B	1.18B	1.09B	1.01B	1.02B	972.04M	1.17B	1.49B	1.72B	1.86B
Common Stock	29.82M	29.82M	1.31B	1.31B	1.31B	1.28B	1.59B	1.5B	1.49B	1.5B
Retained Earnings	92.58M	-74.46M	-180.54M	-269.49M	-270.31M	-275.85M	-409.34M	-21.45M	226.83M	359.14M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-64.12M	-52.27M	-40.41M	-29.93M	-20.57M	-32.61M	-12.36M	6.96M	-1.06M	-7.86M
Minority Interest	0	0	0	0	0	0	584K	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	222.74M	116.77M	-3.94M	-12.48M	87.49M	216.14M	-76.19M	287.8M	688.4M	547.14M
Operating CF Margin %	0.45%	0.29%	-0.01%	-0.05%	0.24%	0.51%	-0.28%	0.33%	0.64%	0.57%
Operating CF Growth %	1.88%	-0.48%	-1.03%	-2.17%	8.01%	1.47%	-1.35%	4.78%	1.39%	-0.21%
Net Income	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-134.66M	387.89M	556.45M	416.72M
Depreciation & Amortization	81.65M	79.89M	78.85M	72.43M	75.65M	74.34M	86.67M	110.39M	129.04M	149.44M
Stock-Based Compensation	2.81M	2.84M	3.81M	3.16M	4.28M	5.63M	10.53M	6.75M	8.52M	0
Deferred Taxes	-43.13M	57.63M	37.43M	35.4M	2.66M	103.19M	-17.29M	0	0	0
Other Non-Cash Items	-13.87M	-4M	-7.82M	9.98M	-5.43M	-2.69M	306K	-50.26M	-60.23M	-81.32M
Working Capital Changes	22.1M	-1.37M	-10.12M	-44.5M	11.16M	41.2M	-21.75M	-166.97M	54.63M	62.29M
Change in Receivables	13.4M	8.03M	8.73M	-36.44M	10.78M	40.48M	-16.47M	-182.68M	42.61M	61.64M
Change in Inventory	2.96M	-5.07M	-15.97M	-7.17M	404K	-2.28M	-3.64M	13.1M	0	0
Change in Payables	0	0	0	0	-11.18M	-2.28M	-3.64M	13.1M	8.73M	-942K
Cash from Investing+	114.16M	23.61M	-126.04M	123.71M	107.87M	32.37M	133.29M	42.8M	-124.27M	-155.02M
Capital Expenditures	-964K	-2.9M	-173.83M	-150.04M	-37.18M	-50.56M	-79.01M	-116.69M	-206.63M	-280.18M
CapEx % of Revenue	0%	0.01%	0.6%	0.55%	0.1%	0.12%	0.29%	0.13%	0.19%	0.29%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	115.13M	27.49M	48.52M	270.07M	19.96M	80.58M	165.81M	99.16M	66M	-5M
Cash from Financing+	-206.28M	-357.23M	98.01M	-64.19M	-162.76M	-183.07M	-173.84M	-185.79M	-681.12M	-361.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-200M	-202M	0	0	0	-6.77M	-40.94M	-69.84M	-308.15M	-284.42M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-65.19M	-349K	-222K	-389K	-2.84M	-22.09M	-7.01M	-10.72M	-12.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	221.78M	113.87M	-177.77M	-162.52M	50.3M	165.58M	-155.21M	171.12M	481.77M	261.96M
FCF Margin %	0.45%	0.29%	-0.61%	-0.6%	0.14%	0.39%	-0.57%	0.2%	0.45%	0.28%
FCF Growth %	1.81%	-0.49%	-2.56%	0.09%	1.31%	2.29%	-1.94%	2.1%	1.82%	-0.46%
FCF per Share	7.61	3.91	-6.10	-5.58	1.72	5.84	-4.04	3.43	9.75	5.27
FCF Conversion (FCF/Net Income)	1.29x	-6.41x	0.04x	0.14x	-105.40x	-39.08x	0.57x	0.74x	1.24x	1.31x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.48%	-1.42%	-9.37%	-8.49%	-0.08%	-0.55%	-12.46%	29.19%	34.73%	23.33%
Return on Invested Capital (ROIC)	9.55%	1.07%	-2.86%	-1.13%	2.94%	2.24%	-3.84%	14.72%	19.84%	14.39%
Gross Margin	42.88%	31.58%	4.55%	-3.42%	22.82%	40.12%	-13.87%	54.42%	58.55%	50.25%
Net Margin	34.8%	-4.58%	-36.57%	-32.9%	-0.23%	-1.31%	-48.98%	44.86%	51.92%	43.79%
Debt / Equity	0.43x	0.37x	0.51x	0.80x	0.68x	0.57x	0.96x	0.72x	0.43x	0.38x
Interest Coverage	5.16x	0.56x	-1.44x	-0.42x	1.00x	1.20x	-2.45x	7.68x	9.36x	9.16x
FCF Conversion	1.29x	-6.41x	0.04x	0.14x	-105.40x	-39.08x	0.57x	0.74x	1.24x	1.31x
Revenue Growth	-3.75%	-19.96%	-27.17%	-6.8%	35.44%	15.15%	-35.36%	217.25%	23.95%	-11.21%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Pool Revenue Leases	-	-	-	254.06M	272.98M	176M	774.92M	905.81M	749.16M
Pool Revenue Leases Growth	-	-	-	-	7.45%	-35.53%	340.30%	16.89%	-17.29%
Time and Bareboat Charter Leases	-	-	-	-	-	50.09M	33.03M	96.54M	137.12M
Time and Bareboat Charter Leases Growth	-	-	-	-	-	-	-34.06%	192.26%	42.03%
Voyage Charter Leases	-	-	-	84.5M	59.95M	46.45M	56.71M	69.42M	65.33M
Voyage Charter Leases Growth	-	-	-	-	-29.06%	-22.51%	22.07%	22.42%	-5.90%
Time And Bareboat Charter Leases	-	-	-	27.63M	88.72M	-	-	-	-
Time And Bareboat Charter Leases Growth	-	-	-	-	221.15%	-	-	-	-
International Crude Tankers	-	371.24M	175.52M	-	-	-	-	-	-
International Crude Tankers Growth	-	-	-52.72%	-	-	-	-	-	-
International Product Carriers	-	193.86M	67.58M	-	-	-	-	-	-
International Product Carriers Growth	-	-	-65.14%	-	-	-	-	-	-
All Others	560K	-	-	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

International Seaways, Inc. (INSW) has a price-to-earnings (P/E) ratio of 6.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

International Seaways, Inc. (INSW) reported $770.0M in revenue for fiscal year 2024. This represents a 49% increase from $517.0M in 2014.

International Seaways, Inc. (INSW) saw revenue decline by 11.2% over the past year.

Yes, International Seaways, Inc. (INSW) is profitable, generating $217.6M in net income for fiscal year 2024 (43.8% net margin).

Dividend & Returns

Yes, International Seaways, Inc. (INSW) pays a dividend with a yield of 10.26%. This makes it attractive for income-focused investors.

International Seaways, Inc. (INSW) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.

International Seaways, Inc. (INSW) generated $70.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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International Seaways, Inc. (INSW) 10-Year Financial Performance & Capital Metrics

INSW • • Industrial / General

EnergyMidstream Oil & GasMarine TransportationCrude Oil Tanker Operators

Revenue $952M -11.2%
EBITDA $605M -18.8%
Net Income $417M -25.1%
EPS (Diluted) 8.39 -25.4%
Gross Margin 50.25% -14.2%
EBITDA Margin 63.54% -8.5%
Operating Margin 47.84% -16.7%
Net Margin 43.79% -15.7%
ROE 23.33% -32.8%
ROIC 14.39% -27.5%
Debt/Equity 0.38 -11.6%
Interest Coverage 9.16 -2.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.1%
✓FCF machine: 27.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.0%
✓Healthy 5Y average net margin of 18.1%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.29%

5Y21.05%

3Y51.71%

TTM-23.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-57.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM-57.63%

ROCE

10Y Avg7.39%

5Y Avg12.55%

3Y Avg21.65%

Latest18.84%

Peer Comparison

Crude Oil Tanker Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DHTDHT Holdings, Inc.	2.14B	13.28	11.86	2%	41.18%	18.25%	9.44%	0.40
FROFrontline Ltd.	5.78B	25.95	11.64	13.77%	12.34%	9.37%		1.60
RBNERobin Energy Ltd.	9.23M	3.29	7.48	-56.64%	15.53%	4.38%	73.91%
TKTeekay Corporation	826.26M	9.69	6.82	-16.7%	18.53%	9.96%	47.42%	0.03
INSWInternational Seaways, Inc.	2.76B	55.78	6.65	-11.21%	28.26%	11.25%	9.51%	0.38
TNKTeekay Tankers Ltd.	1.79B	59.81	5.15	-16.58%	31%	16.77%	22.17%	0.04
TENTsakos Energy Navigation Limited	771.27M	25.60	5.09	-9.61%	20%	8.97%		1.00
TEN-PETsakos Energy Navigation Limited		26.77		-9.61%	18.73%	8.25%		0.78

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	497.63M	398.32M	290.1M	270.36M	366.18M	421.65M	272.55M	864.66M	1.07B	951.61M
Revenue Growth %	-0.04%	-0.2%	-0.27%	-0.07%	0.35%	0.15%	-0.35%	2.17%	0.24%	-0.11%
Cost of Goods Sold+	284.22M	272.51M	276.89M	279.6M	282.63M	252.47M	310.35M	394.15M	444.24M	473.45M
COGS % of Revenue	0.57%	0.68%	0.95%	1.03%	0.77%	0.6%	1.14%	0.46%	0.41%	0.5%
Gross Profit+	213.41M	125.81M	13.21M	-9.24M	83.55M	169.18M	-37.8M	470.52M	627.54M	478.16M
Gross Margin %	0.43%	0.32%	0.05%	-0.03%	0.23%	0.4%	-0.14%	0.54%	0.59%	0.5%
Gross Profit Growth %	2.17%	-0.41%	-0.9%	-1.7%	10.04%	1.02%	-1.22%	13.45%	0.33%	-0.24%
Operating Expenses+	41.55M	40.66M	25.34M	24.3M	17.17M	125.18M	52.49M	27.15M	12.11M	22.94M
OpEx % of Revenue	0.08%	0.1%	0.09%	0.09%	0.05%	0.3%	0.19%	0.03%	0.01%	0.02%
Selling, General & Admin	41.55M	40.66M	25.34M	24.3M	26.8M	28.98M	33.23M	46.35M	47.47M	52.61M
SG&A % of Revenue	0.08%	0.1%	0.09%	0.09%	0.07%	0.07%	0.12%	0.05%	0.04%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	66K	0	0	0	-9.63M	96.2M	19.26M	-19.2M	-35.37M	-29.67M
Operating Income+	221.87M	22.79M	-59.26M	-25.1M	66.38M	44M	-90.3M	443.37M	615.43M	455.23M
Operating Margin %	0.45%	0.06%	-0.2%	-0.09%	0.18%	0.1%	-0.33%	0.51%	0.57%	0.48%
Operating Income Growth %	4.22%	-0.9%	-3.6%	0.58%	3.64%	-0.34%	-3.05%	5.91%	0.39%	-0.26%
EBITDA+	303.53M	102.67M	19.59M	47.33M	142.03M	118.34M	-3.63M	553.76M	744.47M	604.66M
EBITDA Margin %	0.61%	0.26%	0.07%	0.18%	0.39%	0.28%	-0.01%	0.64%	0.69%	0.64%
EBITDA Growth %	1.38%	-0.66%	-0.81%	1.42%	2%	-0.17%	-1.03%	153.76%	0.34%	-0.19%
D&A (Non-Cash Add-back)	81.65M	79.89M	78.85M	72.43M	75.65M	74.34M	86.67M	110.39M	129.04M	149.44M
EBIT	216.28M	22.58M	-64.8M	-28.81M	65.44M	31.18M	-96.25M	445.7M	626.08M	465.34M
Net Interest Income+	-42.9M	-39.99M	-40.57M	-58.93M	-63.75M	-36.15M	-36.69M	-54.07M	-51.8M	-39.79M
Interest Income	66K	376K	676K	1.3M	2.77M	558K	104K	3.65M	13.96M	9.92M
Interest Expense	42.97M	40.36M	41.25M	60.23M	66.27M	36.71M	36.8M	57.72M	65.76M	49.7M
Other Income/Expense	-48.56M	-23.72M	-47.06M	-63.95M	-67.21M	-49.53M	-42.74M	-55.39M	-55.11M	-39.59M
Pretax Income+	173.31M	-17.78M	-106.04M	-89.05M	-829K	-5.53M	-133.04M	387.98M	560.32M	415.64M
Pretax Margin %	0.35%	-0.04%	-0.37%	-0.33%	-0%	-0.01%	-0.49%	0.45%	0.52%	0.44%
Income Tax+	140K	440K	44K	-105K	1K	1K	1.62M	88K	3.88M	-1.08M
Effective Tax Rate %	1%	1.02%	1%	1%	1%	1%	1%	1%	0.99%	1%
Net Income+	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-133.49M	387.89M	556.45M	416.72M
Net Margin %	0.35%	-0.05%	-0.37%	-0.33%	-0%	-0.01%	-0.49%	0.45%	0.52%	0.44%
Net Income Growth %	2.45%	-1.11%	-4.82%	0.16%	0.99%	-5.66%	-23.14%	3.91%	0.43%	-0.25%
Net Income (Continuing)	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-134.66M	387.89M	556.45M	416.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	584K	0	0	0
EPS (Diluted)+	5.94	-0.62	-3.64	-3.05	-0.03	-0.19	-3.51	7.78	11.25	8.39
EPS Growth %	2.46%	-1.1%	-4.87%	0.16%	0.99%	-5.69%	-17.47%	3.22%	0.45%	-0.25%
EPS (Basic)	5.94	-0.62	-3.64	-3.05	-0.03	-0.19	-3.51	7.86	11.35	8.46
Diluted Shares Outstanding	29.16M	29.16M	29.16M	29.14M	29.23M	28.37M	38.41M	49.84M	49.43M	49.68M
Basic Shares Outstanding	29.16M	29.16M	29.15M	29.14M	29.23M	28.37M	38.41M	49.38M	48.98M	49.27M
Dividend Payout Ratio	1.15%	-	-	-	-	-	-	0.05%	0.04%	0.68%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	396.74M	170.91M	131.79M	167.62M	187.34M	256.83M	224.5M	642.62M	464.98M	376.32M
Cash & Short-Term Investments	308.86M	92M	60.03M	58.31M	89.67M	199.39M	97.88M	323.74M	186.76M	157.51M
Cash Only	308.86M	92M	60.03M	58.31M	89.67M	199.39M	97.88M	243.74M	126.76M	157.51M
Short-Term Investments	0	0	0	0	0	0	0	80M	60M	0
Accounts Receivable	79.42M	72.22M	62.6M	99.87M	87.78M	47.84M	112.75M	302.36M	261.47M	199.29M
Days Sales Outstanding	58.25	66.18	78.76	134.83	87.5	41.41	150.99	127.63	89.04	76.44
Inventory	3.4M	1.34M	3.27M	3.07M	3.9M	3.6M	2.11M	531K	1.33M	1.88M
Days Inventory Outstanding	4.36	1.79	4.31	4	5.03	5.21	2.48	0.49	1.09	1.45
Other Current Assets	0	0	5.9M	460K	0	0	0	15.98M	14.3M	17.65M
Total Non-Current Assets+	1.63B	1.49B	1.53B	1.68B	1.57B	1.33B	2.12B	1.97B	2.06B	2.26B
Property, Plant & Equipment	1.24B	1.1B	1.1B	1.33B	1.33B	1.13B	1.88B	1.86B	1.95B	2.11B
Fixed Asset Turnover	0.40x	0.36x	0.26x	0.20x	0.28x	0.37x	0.15x	0.47x	0.55x	0.45x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	344.89M	358.68M	378.89M	268.32M	153.29M	141.92M	180.33M	36.41M	1.15M	801K
Other Non-Current Assets	47.91M	32.88M	49.07M	81.86M	86.63M	57.98M	66.64M	79.49M	109.2M	150.81M
Total Assets+	2.03B	1.66B	1.66B	1.85B	1.75B	1.59B	2.35B	2.62B	2.52B	2.64B
Asset Turnover	0.25x	0.24x	0.17x	0.15x	0.21x	0.27x	0.12x	0.33x	0.43x	0.36x
Asset Growth %	-0%	-0.18%	0%	0.11%	-0.05%	-0.1%	0.48%	0.11%	-0.04%	0.05%
Total Current Liabilities+	48.42M	45.1M	47.23M	75.27M	114.48M	108.9M	234.61M	257.39M	195.57M	130.94M
Accounts Payable	3.37M	2.87M	330K	1.16M	4.99M	2.61M	1.61M	1.83M	6.57M	5.83M
Days Payables Outstanding	4.33	3.84	0.43	1.52	6.44	3.77	1.89	1.69	5.4	4.49
Short-Term Debt	6.28M	6.18M	24.06M	51.55M	70.35M	61.48M	178.72M	162.85M	127.45M	50.05M
Deferred Revenue (Current)	1000K	1000K	918K	450K	272K	1000K	353K	1000K	1000K	1000K
Other Current Liabilities	35.38M	23.66M	15.17M	17.59M	5.34M	8.31M	6.33M	941K	34.34M	2.94M
Current Ratio	8.19x	3.79x	2.79x	2.23x	1.64x	2.36x	0.96x	2.50x	2.38x	2.87x
Quick Ratio	8.12x	3.76x	2.72x	2.19x	1.60x	2.33x	0.95x	2.49x	2.37x	2.86x
Cash Conversion Cycle	58.28	64.13	82.64	137.31	86.09	42.85	151.59	126.43	84.74	73.39
Total Non-Current Liabilities+	597.75M	437.91M	531.6M	763.48M	616.73M	505.6M	941.84M	870.19M	609.49M	649.41M
Long-Term Debt	588.94M	433.47M	528.87M	759.11M	590.75M	474.33M	926.27M	860.58M	595.23M	638.35M
Capital Lease Obligations	0	0	0	0	17.95M	10.25M	12.52M	7.74M	11.63M	8.71M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	8.81M	4.44M	2.72M	4.36M	8.03M	21.02M	3.04M	1.88M	2.63M	2.35M
Total Liabilities	646.16M	483.01M	578.83M	838.75M	731.21M	614.5M	1.18B	1.13B	805.06M	780.35M
Total Debt+	595.22M	439.65M	552.94M	810.67M	692.01M	554.93M	1.13B	1.07B	744.53M	711.74M
Net Debt	286.36M	347.65M	492.91M	752.35M	602.34M	355.55M	1.03B	830.89M	617.77M	554.23M
Debt / Equity	0.43x	0.37x	0.51x	0.80x	0.68x	0.57x	0.96x	0.72x	0.43x	0.38x
Debt / EBITDA	1.96x	4.28x	28.22x	17.13x	4.87x	4.69x	-	1.94x	1.00x	1.18x
Net Debt / EBITDA	0.94x	3.39x	25.16x	15.90x	4.24x	3.00x	-	1.50x	0.83x	0.92x
Interest Coverage	5.16x	0.56x	-1.44x	-0.42x	1.00x	1.20x	-2.45x	7.68x	9.36x	9.16x
Total Equity+	1.38B	1.18B	1.09B	1.01B	1.02B	972.04M	1.17B	1.49B	1.72B	1.86B
Equity Growth %	-0.01%	-0.15%	-0.08%	-0.07%	0.01%	-0.05%	0.2%	0.27%	0.15%	0.08%
Book Value per Share	47.46	40.45	37.23	34.66	34.98	34.26	30.47	29.85	34.73	37.36
Total Shareholders' Equity	1.38B	1.18B	1.09B	1.01B	1.02B	972.04M	1.17B	1.49B	1.72B	1.86B
Common Stock	29.82M	29.82M	1.31B	1.31B	1.31B	1.28B	1.59B	1.5B	1.49B	1.5B
Retained Earnings	92.58M	-74.46M	-180.54M	-269.49M	-270.31M	-275.85M	-409.34M	-21.45M	226.83M	359.14M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-64.12M	-52.27M	-40.41M	-29.93M	-20.57M	-32.61M	-12.36M	6.96M	-1.06M	-7.86M
Minority Interest	0	0	0	0	0	0	584K	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	222.74M	116.77M	-3.94M	-12.48M	87.49M	216.14M	-76.19M	287.8M	688.4M	547.14M
Operating CF Margin %	0.45%	0.29%	-0.01%	-0.05%	0.24%	0.51%	-0.28%	0.33%	0.64%	0.57%
Operating CF Growth %	1.88%	-0.48%	-1.03%	-2.17%	8.01%	1.47%	-1.35%	4.78%	1.39%	-0.21%
Net Income	173.17M	-18.22M	-106.09M	-88.94M	-830K	-5.53M	-134.66M	387.89M	556.45M	416.72M
Depreciation & Amortization	81.65M	79.89M	78.85M	72.43M	75.65M	74.34M	86.67M	110.39M	129.04M	149.44M
Stock-Based Compensation	2.81M	2.84M	3.81M	3.16M	4.28M	5.63M	10.53M	6.75M	8.52M	0
Deferred Taxes	-43.13M	57.63M	37.43M	35.4M	2.66M	103.19M	-17.29M	0	0	0
Other Non-Cash Items	-13.87M	-4M	-7.82M	9.98M	-5.43M	-2.69M	306K	-50.26M	-60.23M	-81.32M
Working Capital Changes	22.1M	-1.37M	-10.12M	-44.5M	11.16M	41.2M	-21.75M	-166.97M	54.63M	62.29M
Change in Receivables	13.4M	8.03M	8.73M	-36.44M	10.78M	40.48M	-16.47M	-182.68M	42.61M	61.64M
Change in Inventory	2.96M	-5.07M	-15.97M	-7.17M	404K	-2.28M	-3.64M	13.1M	0	0
Change in Payables	0	0	0	0	-11.18M	-2.28M	-3.64M	13.1M	8.73M	-942K
Cash from Investing+	114.16M	23.61M	-126.04M	123.71M	107.87M	32.37M	133.29M	42.8M	-124.27M	-155.02M
Capital Expenditures	-964K	-2.9M	-173.83M	-150.04M	-37.18M	-50.56M	-79.01M	-116.69M	-206.63M	-280.18M
CapEx % of Revenue	0%	0.01%	0.6%	0.55%	0.1%	0.12%	0.29%	0.13%	0.19%	0.29%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	115.13M	27.49M	48.52M	270.07M	19.96M	80.58M	165.81M	99.16M	66M	-5M
Cash from Financing+	-206.28M	-357.23M	98.01M	-64.19M	-162.76M	-183.07M	-173.84M	-185.79M	-681.12M	-361.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-200M	-202M	0	0	0	-6.77M	-40.94M	-69.84M	-308.15M	-284.42M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-65.19M	-349K	-222K	-389K	-2.84M	-22.09M	-7.01M	-10.72M	-12.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	221.78M	113.87M	-177.77M	-162.52M	50.3M	165.58M	-155.21M	171.12M	481.77M	261.96M
FCF Margin %	0.45%	0.29%	-0.61%	-0.6%	0.14%	0.39%	-0.57%	0.2%	0.45%	0.28%
FCF Growth %	1.81%	-0.49%	-2.56%	0.09%	1.31%	2.29%	-1.94%	2.1%	1.82%	-0.46%
FCF per Share	7.61	3.91	-6.10	-5.58	1.72	5.84	-4.04	3.43	9.75	5.27
FCF Conversion (FCF/Net Income)	1.29x	-6.41x	0.04x	0.14x	-105.40x	-39.08x	0.57x	0.74x	1.24x	1.31x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.48%	-1.42%	-9.37%	-8.49%	-0.08%	-0.55%	-12.46%	29.19%	34.73%	23.33%
Return on Invested Capital (ROIC)	9.55%	1.07%	-2.86%	-1.13%	2.94%	2.24%	-3.84%	14.72%	19.84%	14.39%
Gross Margin	42.88%	31.58%	4.55%	-3.42%	22.82%	40.12%	-13.87%	54.42%	58.55%	50.25%
Net Margin	34.8%	-4.58%	-36.57%	-32.9%	-0.23%	-1.31%	-48.98%	44.86%	51.92%	43.79%
Debt / Equity	0.43x	0.37x	0.51x	0.80x	0.68x	0.57x	0.96x	0.72x	0.43x	0.38x
Interest Coverage	5.16x	0.56x	-1.44x	-0.42x	1.00x	1.20x	-2.45x	7.68x	9.36x	9.16x
FCF Conversion	1.29x	-6.41x	0.04x	0.14x	-105.40x	-39.08x	0.57x	0.74x	1.24x	1.31x
Revenue Growth	-3.75%	-19.96%	-27.17%	-6.8%	35.44%	15.15%	-35.36%	217.25%	23.95%	-11.21%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Pool Revenue Leases	-	-	-	254.06M	272.98M	176M	774.92M	905.81M	749.16M
Pool Revenue Leases Growth	-	-	-	-	7.45%	-35.53%	340.30%	16.89%	-17.29%
Time and Bareboat Charter Leases	-	-	-	-	-	50.09M	33.03M	96.54M	137.12M
Time and Bareboat Charter Leases Growth	-	-	-	-	-	-	-34.06%	192.26%	42.03%
Voyage Charter Leases	-	-	-	84.5M	59.95M	46.45M	56.71M	69.42M	65.33M
Voyage Charter Leases Growth	-	-	-	-	-29.06%	-22.51%	22.07%	22.42%	-5.90%
Time And Bareboat Charter Leases	-	-	-	27.63M	88.72M	-	-	-	-
Time And Bareboat Charter Leases Growth	-	-	-	-	221.15%	-	-	-	-
International Crude Tankers	-	371.24M	175.52M	-	-	-	-	-	-
International Crude Tankers Growth	-	-	-52.72%	-	-	-	-	-	-
International Product Carriers	-	193.86M	67.58M	-	-	-	-	-	-
International Product Carriers Growth	-	-	-65.14%	-	-	-	-	-	-
All Others	560K	-	-	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

International Seaways, Inc. (INSW) has a price-to-earnings (P/E) ratio of 6.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

International Seaways, Inc. (INSW) reported $770.0M in revenue for fiscal year 2024. This represents a 49% increase from $517.0M in 2014.

International Seaways, Inc. (INSW) saw revenue decline by 11.2% over the past year.

Yes, International Seaways, Inc. (INSW) is profitable, generating $217.6M in net income for fiscal year 2024 (43.8% net margin).

Dividend & Returns

Yes, International Seaways, Inc. (INSW) pays a dividend with a yield of 10.26%. This makes it attractive for income-focused investors.

International Seaways, Inc. (INSW) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.

International Seaways, Inc. (INSW) generated $70.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.