International Seaways, Inc. (INSW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 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 | 84.82M | 46.3M |
| Revenue Growth % | 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% | -15.08% | -66.86% |
| Cost of Goods Sold | 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 | 101.51M | 52.41M |
| COGS % of Revenue | 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% | 119.68% | 113.18% |
| Gross Profit | 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 | -16.69M | -6.1M |
| Gross Margin % | 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% | -19.68% | -13.18% |
| Gross Profit Growth % | 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% | -145.02% | -107.76% |
| Operating Expenses | 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 | 40.4M | 5.94M |
| OpEx % of Revenue | 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% | 47.63% | 12.83% |
| Selling, General & Admin | 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 | 8.13M | 6.83M |
| SG&A % of Revenue | 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% | 9.58% | 14.75% |
| 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 | 138K | 0 | 0 | 0 | -1000K | 1000K | 1000K | -1000K | 225K | -1000K | 222K | 39K | -1000K | -1000K | 211K | -1000K | -1000K | -1000K | 1000K | -889K |
| Operating Income | 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 | -57.09M | -12.04M |
| Operating Margin % | 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% | -67.31% | -26.01% |
| Operating Income Growth % | 235.45% | 193.81% | 6.68% | -62.36% | -61.68% | -69.42% | -11.55% | -8.23% | -16.66% | -36.72% | -11.09% | 105.15% | 597835.48% | 1674.07% | 324.91% | 782.72% | 99.51% | 86.53% | -357.31% | -116.48% |
| EBITDA | 239.06M | 173.7M | 148.88M | 99.61M | 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 | -31.29M | 5.04M |
| EBITDA Margin % | 73.45% | 64.84% | 75.81% | 50.91% | 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% | -36.89% | 10.88% |
| EBITDA Growth % | 141.77% | 105.54% | 6.14% | -47.93% | -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% | -175.93% | -94.52% |
| D&A (Non-Cash Add-back) | 40.57M | 41.36M | 41.17M | 41.35M | 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 | 25.81M | 17.08M |
| EBIT | 198.49M | 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 | -57.2M | -11.78M |
| Net Interest Income | -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 | -10.64M | -7.01M |
| Interest Income | 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 | 0 | 0 |
| Interest Expense | 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 | 10.64M | 7.01M |
| Other Income/Expense | 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 | -10.75M | -6.74M |
| Pretax Income | 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 | -67.84M | -18.78M |
| Pretax Margin % | 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% | -79.99% | -40.56% |
| Income Tax | 0 | -411K | 0 | 0 | 0 | -1.08M | -1K | 0 | 0 | 3.45M | 52K | 381K | -1K | 25K | 7K | 52K | 4K | 1.58M | 35K | 1K |
| Effective Tax Rate % | 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% | -0.05% | -0.01% |
| Net Income | 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 | -67.35M | -18.78M |
| Net Margin % | 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% | -79.41% | -40.56% |
| Net Income Growth % | 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% | -581.74% | -129.19% |
| Net Income (Continuing) | 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 | -67.88M | -18.78M |
| 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 | 584K | 584K | 584K | 29.95M | 0 |
| EPS (Diluted) | 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 | -1.44 | -0.50 |
| EPS Growth % | 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% | -388% | -122.32% |
| EPS (Basic) | 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 | -1.44 | -0.50 |
| Diluted Shares Outstanding | 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 | 46.9M | 40.07M |
| Basic Shares Outstanding | 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 | 46.87M | 40.07M |
| Dividend Payout Ratio | 37.2% | 33.32% | 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% | - | - | - | - |