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Okeanis Eco Tankers Corp. (ECO) 10-Year Financial Performance & Capital Metrics

ECO • • Industrial / General
IndustrialsMarine ShippingTanker ShippingTanker Operators
AboutOkeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. The company was incorporated in 2018 and is based in Piraeus, Greece.Show more
  • Revenue $393M -4.8%
  • EBITDA $204M -15.5%
  • Net Income $109M -25.1%
  • EPS (Diluted) 3.38 -25.1%
  • Gross Margin 56.86% +6.1%
  • EBITDA Margin 51.9% -11.2%
  • Operating Margin 41.44% -14.9%
  • Net Margin 27.68% -21.3%
  • ROE 26.6% -24.0%
  • ROIC 11.87% -16.1%
  • Debt/Equity 1.57 -7.3%
  • Interest Coverage 3.04 -11.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.8%
  • ✓Strong 5Y profit CAGR of 57.1%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 39.1% free cash flow margin
  • ✓Momentum leader: RS Rating 83 (top 17%)
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y25.22%
3Y32.51%
TTM-12.47%

Profit (Net Income) CAGR

10Y-
5Y57.08%
3Y-
TTM-34.41%

EPS CAGR

10Y-
5Y57.39%
3Y-
TTM-34.16%

ROCE

10Y Avg9.78%
5Y Avg12.45%
3Y Avg15.39%
Latest16.03%

Peer Comparison

Tanker Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KNOPKNOT Offshore Partners LP357.47M10.50507.54%10%5.46%38.1%1.48
KEXKirby Corporation6.85B126.3125.735.64%9.22%9.09%6.04%0.32
NATNordic American Tankers Limited866.06M4.0918.59-10.71%0.68%0.41%14.5%0.53
ECOOkeanis Eco Tankers Corp.1.39B39.2511.61-4.81%21.92%17.84%11.05%1.57
TOROToro Corp.119.61M5.575.11-71.46%24.65%1.55%12.08%
TOPSTop Ships Inc.24.57M5.314.873.83%1.19%0.8%70.51%1.74
HAFNHafnia Limited2.9B5.833.897.37%18.36%18.82%33.78%0.50
ASCArdmore Shipping Corporation482.27M11.853.872.48%11.5%5.42%20.62%0.07

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+29.21M127.73M282.87M169M270.97M413.1M393.23M
Revenue Growth %-3.37%1.21%-0.4%0.6%0.52%-0.05%
Cost of Goods Sold+22.74M74.78M129.91M124.37M147.79M191.68M169.63M
COGS % of Revenue0.78%0.59%0.46%0.74%0.55%0.46%0.43%
Gross Profit+6.46M52.96M152.96M44.63M123.18M221.41M223.6M
Gross Margin %0.22%0.41%0.54%0.26%0.45%0.54%0.57%
Gross Profit Growth %-7.19%1.89%-0.71%1.76%0.8%0.01%
Operating Expenses+2.14M7.18M11.59M12.61M13.06M20.29M60.65M
OpEx % of Revenue0.07%0.06%0.04%0.07%0.05%0.05%0.15%
Selling, General & Admin2.14M3.33M11.59M5.09M5.3M20.29M19.52M
SG&A % of Revenue0.07%0.03%0.04%0.03%0.02%0.05%0.05%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses03.85M07.51M7.76M041.13M
Operating Income+4.33M45.78M141.36M32.02M110.12M201.12M162.94M
Operating Margin %0.15%0.36%0.5%0.19%0.41%0.49%0.41%
Operating Income Growth %-9.58%2.09%-0.77%2.44%0.83%-0.19%
EBITDA+11.65M70.36M182.98M70.69M148.09M241.51M204.08M
EBITDA Margin %0.4%0.55%0.65%0.42%0.55%0.58%0.52%
EBITDA Growth %-5.04%1.6%-0.61%1.09%0.63%-0.15%
D&A (Non-Cash Add-back)7.32M24.59M41.62M38.67M37.96M40.38M41.13M
EBIT4.55M45.78M141.36M26.18M119.64M201.12M162.94M
Net Interest Income+-8.54M-33.88M-37.6M-36.46M-37.41M-57.07M-53.61M
Interest Income292.41K130.02K50.5K3.47K668.03K1.61M20.88K
Interest Expense8.83M34.01M37.65M36.47M38.08M58.68M53.63M
Other Income/Expense-7.34M-34.39M-40.04M-32.93M-25.56M-55.87M-54.08M
Pretax Income+-3.02M11.38M101.32M-902.9K84.56M145.25M108.86M
Pretax Margin %-0.1%0.09%0.36%-0.01%0.31%0.35%0.28%
Income Tax+3000000
Effective Tax Rate %1%1%1%1%1%1%1%
Net Income+-3.02M11.38M101.32M-902.9K84.56M145.25M108.86M
Net Margin %-0.1%0.09%0.36%-0.01%0.31%0.35%0.28%
Net Income Growth %-4.77%7.9%-1.01%94.65%0.72%-0.25%
Net Income (Continuing)-3.02M11.38M101.32M-902.9K84.56M145.25M108.86M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.140.353.12-0.032.634.513.38
EPS Growth %-3.5%7.91%-1.01%95.27%0.71%-0.25%
EPS (Basic)-0.140.353.12-0.032.634.513.38
Diluted Shares Outstanding21.25M32.26M32.46M32.37M32.2M32.19M32.19M
Basic Shares Outstanding21.25M32.26M32.46M32.37M32.2M32.19M32.19M
Dividend Payout Ratio--0.43%----

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+30.31M42.37M53.91M62.57M154.42M137.95M118.91M
Cash & Short-Term Investments18.08M13.4M25.33M38.18M81.35M49.99M49.34M
Cash Only18.08M13.4M25.33M38.18M81.35M49.99M49.34M
Short-Term Investments0000000
Accounts Receivable8.64M20.16M21.85M8.78M50.19M57.45M40M
Days Sales Outstanding107.9957.6128.218.9667.650.7637.13
Inventory2.69M6.55M5.77M12.63M17.01M25.35M24.34M
Days Inventory Outstanding43.1331.9816.237.0742.0148.2852.38
Other Current Assets00964.42K1.94M5.87M3.27M677.5K
Total Non-Current Assets+638.18M1.07B1.21B892.02M1.03B991.17M963.19M
Property, Plant & Equipment634.63M1.06B1.2B883.46M1.02B988.16M958.68M
Fixed Asset Turnover0.05x0.12x0.24x0.19x0.26x0.42x0.41x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments3M3.41M6.41M003.01M4.51M
Other Non-Current Assets552.19K751.5K08.56M4.51M00
Total Assets+668.5M1.11B1.26B954.59M1.18B1.13B1.08B
Asset Turnover0.04x0.11x0.22x0.18x0.23x0.37x0.36x
Asset Growth %-0.66%0.13%-0.24%0.24%-0.05%-0.04%
Total Current Liabilities+34.33M85.41M102.1M61.5M92.85M105.62M72.67M
Accounts Payable6.84M13.95M17.7M15.96M11.77M23.52M19.48M
Days Payables Outstanding109.7168.1149.7246.8429.0744.7941.91
Short-Term Debt22.09M49.03M75.26M42.21M70.8M77.95M47.22M
Deferred Revenue (Current)1000K1000K1000K01000K00
Other Current Liabilities4.22M441.99K2.69M402.5K04.12M62.5K
Current Ratio0.88x0.50x0.53x1.02x1.66x1.31x1.64x
Quick Ratio0.80x0.42x0.47x0.81x1.48x1.07x1.30x
Cash Conversion Cycle41.4121.49-5.329.1980.5454.2547.59
Total Non-Current Liabilities+317.8M683.73M760.4M534.8M668.26M615.37M599M
Long-Term Debt317.8M683.68M759.22M534.78M668.24M615.33M598.96M
Capital Lease Obligations0000000
Deferred Tax Liabilities0000000
Other Non-Current Liabilities053.07K1.18M17.29K23.94K32.69K44.8K
Total Liabilities352.13M769.14M862.5M596.3M761.11M720.98M671.67M
Total Debt+339.89M732.71M834.48M577M739.04M693.28M646.18M
Net Debt321.81M719.31M809.15M538.81M657.69M643.29M596.83M
Debt / Equity1.07x2.14x2.10x1.61x1.75x1.70x1.57x
Debt / EBITDA29.17x10.41x4.56x8.16x4.99x2.87x3.17x
Net Debt / EBITDA27.62x10.22x4.42x7.62x4.44x2.66x2.92x
Interest Coverage0.49x1.35x3.75x0.88x2.89x3.43x3.04x
Total Equity+316.37M341.69M397.23M358.29M422.24M408.13M410.43M
Equity Growth %-0.08%0.16%-0.1%0.18%-0.03%0.01%
Book Value per Share14.8910.5912.2411.0713.1112.6812.75
Total Shareholders' Equity316.37M341.69M397.23M358.29M422.24M408.13M410.43M
Common Stock31.31K32.89K32.89K32.89K32.89K32.89K32.89K
Retained Earnings-3.02M8.37M65.96M61.84M146.4M291.65M400.51M
Treasury Stock0-1.01M-3.07M-3.57M-4.58M-4.58M-4.58M
Accumulated OCI0-22.9K-25.95K-26.15K-28.61K-29.91K-35.91K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-4.26M29M150.49M28.6M81.16M174.92M164.86M
Operating CF Margin %-0.15%0.23%0.53%0.17%0.3%0.42%0.42%
Operating CF Growth %-7.81%4.19%-0.81%1.84%1.16%-0.06%
Net Income-3.02M11.38M101.32M-902.9K84.56M145.25M108.86M
Depreciation & Amortization7.32M24.59M41.62M38.67M37.96M40.38M41.13M
Stock-Based Compensation0000000
Deferred Taxes0000000
Other Non-Cash Items20.08M49.07M1.61M-269.13K4.12M-2.97M405.98K
Working Capital Changes-7.02M-666.76K5.94M-8.9M-45.48M-7.75M14.45M
Change in Receivables-6.93M-10.08M3.54M7.08M-42.09M-4.75M17.55M
Change in Inventory-318.41K-3.87M784.97K-6.86M-4.38M-8.34M1.01M
Change in Payables274.85K7.74M588.19K-2.95M-2.9M10.96M-4.47M
Cash from Investing+-190.28M-445.51M-178.8M285.67M-179.1M-1.27M-11.24M
Capital Expenditures-192.17M-443.66M-173.57M-22.31M-180.14M-3.31M-11.19M
CapEx % of Revenue6.58%3.47%0.61%0.13%0.66%0.01%0.03%
Acquisitions-------
Investments-------
Other Investing437.61K-1.44M-5.23M5.99M620.47K00
Cash from Financing+212.63M411.82M43.24M-299.43M140.7M-205.72M-153.42M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid00-43.72M-3.22M000
Share Repurchases-------
Other Financing3.3M-12.19M-12.74M318.35K-698.15K00
Net Change in Cash-------
Free Cash Flow+-196.43M-414.66M-23.08M6.29M-98.98M171.61M153.67M
FCF Margin %-6.73%-3.25%-0.08%0.04%-0.37%0.42%0.39%
FCF Growth %--1.11%0.94%1.27%-16.74%2.73%-0.1%
FCF per Share-9.24-12.85-0.710.19-3.075.334.77
FCF Conversion (FCF/Net Income)1.41x2.55x1.49x-31.67x0.96x1.20x1.51x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-0.95%3.46%27.42%-0.24%21.67%34.98%26.6%
Return on Invested Capital (ROIC)0.51%4.04%9.35%2.28%8.36%14.15%11.87%
Gross Margin22.13%41.46%54.07%26.41%45.46%53.6%56.86%
Net Margin-10.34%8.91%35.82%-0.53%31.21%35.16%27.68%
Debt / Equity1.07x2.14x2.10x1.61x1.75x1.70x1.57x
Interest Coverage0.49x1.35x3.75x0.88x2.89x3.43x3.04x
FCF Conversion1.41x2.55x1.49x-31.67x0.96x1.20x1.51x
Revenue Growth-337.33%121.45%-40.26%60.34%52.45%-4.81%

Revenue by Segment

2024
Voyage Charter374.59M
Voyage Charter Growth-
Time Charter18.64M
Time Charter Growth-

Revenue by Geography

2024
Europe172.52M
Europe Growth-
Asia162.11M
Asia Growth-
North America37.99M
North America Growth-
South America19.16M
South America Growth-
Africa1.45M
Africa Growth-

Frequently Asked Questions

Valuation & Price

Okeanis Eco Tankers Corp. (ECO) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Okeanis Eco Tankers Corp. (ECO) reported $349.9M in revenue for fiscal year 2024. This represents a 1098% increase from $29.2M in 2018.

Okeanis Eco Tankers Corp. (ECO) saw revenue decline by 4.8% over the past year.

Yes, Okeanis Eco Tankers Corp. (ECO) is profitable, generating $76.7M in net income for fiscal year 2024 (27.7% net margin).

Dividend & Returns

Okeanis Eco Tankers Corp. (ECO) has a return on equity (ROE) of 26.6%. This is excellent, indicating efficient use of shareholder capital.

Okeanis Eco Tankers Corp. (ECO) generated $109.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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