International Seaways, Inc. (INSW) Quarterly Income Statement

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International Seaways, Inc. (INSW) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

INSW Income Statement

International Seaways, Inc. (INSW) annual income statement — 12-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	485.45M	469.73M	325.48M	267.88M	196.39M	195.64M	183.39M	194.61M	225.19M	257.41M	274.4M	250.73M	241.71M	292.2M	287.13M	338.16M	236.83M	188.2M	101.48M	94.67M
Revenue Growth %	147.19%	140.1%	77.47%	37.65%	-12.79%	-24%	-33.17%	-22.38%	-6.83%	-11.91%	-4.43%	-25.85%	2.06%	55.26%	182.94%	257.2%	179.23%	306.44%	117.05%	66.96%
Cost of Goods Sold	134.12M	111.92M	117.53M	122.49M	76.87M	125.22M	120.93M	125.61M	85M	116.87M	107.66M	116.33M	115.01M	111.97M	100.93M	102.47M	96.37M	97.17M	98.13M	106.03M
COGS % of Revenue	27.63%	23.83%	36.11%	45.73%	39.14%	64%	65.94%	64.54%	37.75%	45.4%	39.23%	46.4%	47.58%	38.32%	35.15%	30.3%	40.69%	51.63%	96.7%	112%
Gross Profit	351.33M	357.81M	207.94M	145.39M	119.52M	70.42M	62.46M	69M	140.19M	140.54M	166.75M	134.4M	126.7M	180.24M	186.2M	235.68M	140.46M	91.03M	3.35M	-11.36M
Gross Margin %	72.37%	76.17%	63.89%	54.27%	60.86%	36%	34.06%	35.46%	62.25%	54.6%	60.77%	53.6%	52.42%	61.68%	64.85%	69.7%	59.31%	48.37%	3.3%	-12%
Gross Profit Growth %	193.95%	408.08%	232.9%	110.69%	-14.74%	-49.89%	-62.54%	-48.66%	10.65%	-22.02%	-10.45%	-42.97%	-9.8%	98%	5459.96%	2174.68%	941.51%	1592%	191.68%	-138.46%
Operating Expenses	19.64M	56.47M	9.45M	13.05M	11.8M	12.16M	3.29M	23.96M	39.22M	-14.24M	12.32M	-12.89M	12.54M	11.56M	905K	2.91M	12.05M	8.81M	3.38M	3.43M
OpEx % of Revenue	4.05%	12.02%	2.9%	4.87%	6.01%	6.22%	1.79%	12.31%	17.41%	-5.53%	4.49%	-5.14%	5.19%	3.96%	0.32%	0.86%	5.09%	4.68%	3.33%	3.62%
Selling, General & Admin	19.64M	16.6M	9.31M	13.05M	11.8M	12.16M	13.22M	15.11M	13.41M	11.98M	12.1M	12.39M	12.31M	11.52M	11.25M	13.5M	11.84M	10.85M	10.17M	10.1M
SG&A % of Revenue	4.05%	3.53%	2.86%	4.87%	6.01%	6.22%	7.21%	7.77%	5.96%	4.66%	4.41%	4.94%	5.09%	3.94%	3.92%	3.99%	5%	5.76%	10.02%	10.66%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	138K	0	0	0	-1000K	1000K	1000K	-1000K	225K	-1000K	222K	39K	-1000K	-1000K	211K	-1000K	-1000K	-1000K
Operating Income	351.33M	301.35M	198.49M	132.34M	107.72M	58.26M	59.17M	45.04M	100.97M	154.79M	154.42M	147.3M	114.16M	168.68M	185.3M	232.77M	128.41M	82.22M	-31K	-14.79M
Operating Margin %	72.37%	64.15%	60.99%	49.4%	54.85%	29.78%	32.27%	23.14%	44.84%	60.13%	56.28%	58.75%	47.23%	57.73%	64.53%	68.84%	54.22%	43.69%	-0.03%	-15.62%
Operating Income Growth %	226.16%	417.25%	235.45%	193.81%	6.68%	-62.36%	-61.68%	-69.42%	-11.55%	-8.23%	-16.66%	-36.72%	-11.09%	105.15%	-	1674.07%	324.91%	782.72%	99.51%	86.53%
EBITDA	392.61M	341.04M	239.06M	173.7M	148.88M	100.5M	98.88M	84.51M	140.28M	191.31M	188.58M	180.98M	147.52M	201.12M	214.85M	261.18M	156.13M	109.48M	26.97M	12.25M
EBITDA Margin %	80.88%	72.6%	73.45%	64.84%	75.81%	51.37%	53.92%	43.42%	62.29%	74.32%	68.72%	72.18%	61.03%	68.83%	74.83%	77.24%	65.93%	58.17%	26.58%	12.94%
EBITDA Growth %	163.7%	239.35%	141.77%	105.54%	6.14%	-47.47%	-47.57%	-53.31%	-4.91%	-4.88%	-12.23%	-30.71%	-5.52%	83.71%	696.64%	2032.58%	599.07%	2073.87%	159.89%	113.38%
D&A (Non-Cash Add-back)	41.28M	39.69M	40.57M	41.36M	41.17M	42.24M	39.7M	39.47M	39.3M	36.52M	34.15M	33.68M	33.36M	32.45M	29.55M	28.4M	27.73M	27.26M	27M	27.04M
EBIT	356.08M	305.49M	581.25M	136.45M	150.72M	70.4M	61.61M	40.17M	106.08M	159.3M	159.8M	141.63M	117.67M	174.82M	191.96M	235.54M	129.21M	82.55M	-257K	-21.18M
Net Interest Income	-11.4M	-10.56M	-295.1M	-4.26M	-80.17M	-9.76M	-11.45M	-1.98M	-12.5M	-12.43M	-12.89M	-11.42M	-16.82M	-17.91M	-16.95M	-13.44M	-15.33M	-12.56M	-12.74M	-11.77M
Interest Income	0	0	0	5.1M	0	1M	596K	3.45M	1.89M	2.15M	2.42M	32K	2.87M	2.77M	2.38M	3.65M	447K	907K	0	104K
Interest Expense	11.4M	10.56M	295.1M	9.36M	80.17M	10.76M	12.05M	5.43M	14.39M	14.58M	15.31M	11.45M	19.68M	20.68M	19.33M	17.09M	15.78M	13.46M	12.74M	11.87M
Other Income/Expense	-6.64M	-6.42M	87.65M	-5.24M	-37.17M	3.39M	-9.61M	-10.3M	-9.29M	-10.06M	-9.93M	-11.74M	-16.17M	-14.53M	-12.67M	-14.32M	-14.97M	-13.13M	-12.97M	-18.26M
Pretax Income	344.68M	294.92M	286.14M	127.09M	70.55M	61.65M	49.56M	34.74M	91.69M	144.72M	144.49M	135.56M	97.99M	154.14M	172.63M	218.45M	113.43M	69.09M	-13M	-33.05M
Pretax Margin %	71%	62.79%	87.92%	47.44%	35.92%	31.51%	27.03%	17.85%	40.72%	56.22%	52.66%	54.07%	40.54%	52.75%	60.12%	64.6%	47.9%	36.71%	-12.81%	-34.91%
Income Tax	446K	-1K	0	-411K	0	0	0	-1.08M	-1K	0	0	3.45M	52K	381K	-1K	25K	7K	52K	4K	1.58M
Effective Tax Rate %	0.13%	-0%	0%	-0.32%	0%	0%	0%	-3.12%	-0%	0%	0%	2.54%	0.05%	0.25%	-0%	0.01%	0.01%	0.08%	-0.03%	-4.79%
Net Income	344.24M	294.93M	286.14M	127.5M	70.55M	61.65M	49.56M	35.82M	91.69M	144.72M	144.49M	132.11M	97.94M	153.76M	172.63M	218.43M	113.43M	69.04M	-13M	-33.99M
Net Margin %	70.91%	62.79%	87.92%	47.6%	35.92%	31.51%	27.03%	18.41%	40.72%	56.22%	52.66%	52.69%	40.52%	52.62%	60.12%	64.59%	47.89%	36.68%	-12.81%	-35.91%
Net Income Growth %	387.96%	378.42%	477.31%	255.93%	-23.06%	-57.4%	-65.7%	-72.88%	-6.38%	-5.88%	-16.3%	-39.52%	-13.66%	122.73%	1427.84%	742.59%	268.41%	467.55%	2.72%	70.92%
Net Income (Continuing)	344.24M	294.93M	286.14M	127.5M	70.55M	61.65M	49.56M	35.82M	91.69M	144.72M	144.49M	132.11M	97.94M	153.76M	172.63M	218.43M	113.43M	69.04M	-13M	-34.63M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	584K	584K	584K
EPS (Diluted)	6.90	5.91	5.75	2.56	1.42	1.25	1.00	0.72	1.84	2.91	2.93	2.68	1.99	3.11	3.48	4.40	2.28	1.38	-0.26	-0.68
EPS Growth %	385.92%	372.8%	475%	255.56%	-22.83%	-57.04%	-65.87%	-73.13%	-7.54%	-6.43%	-15.8%	-39.09%	-12.72%	125.36%	1438.46%	747.06%	258.33%	376%	45.83%	83.73%
EPS (Basic)	6.95	5.96	5.78	2.59	1.43	1.25	1.00	0.73	1.85	2.93	2.95	2.70	2.00	3.14	3.51	4.45	2.30	1.39	-0.26	-0.68
Diluted Shares Outstanding	49.91M	49.86M	49.71M	49.6M	49.61M	49.48M	49.53M	49.55M	49.88M	49.72M	49.38M	49.34M	49.28M	49.4M	49.65M	49.62M	49.74M	49.88M	49.57M	50.31M
Basic Shares Outstanding	49.52M	49.49M	49.46M	49.34M	49.35M	49.32M	49.31M	49.18M	49.54M	49.39M	48.97M	48.89M	48.86M	49.03M	49.14M	49.05M	49.31M	49.6M	49.57M	50.31M
Dividend Payout Ratio	72.66%	76.4%	2.08%	4.65%	8.4%	9.61%	69.6%	164.79%	80.48%	60.07%	44.75%	169.16%	70.9%	51.54%	56.95%	2.67%	5.19%	8.63%	-	-