International Seaways, Inc. (INSW) Revenue History
Annual and quarterly revenue from 2014 to present
INSW Revenue Over Time (2014–2025)
INSW Revenue Growth History
4 of 11 years with positive growth- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- -3.7%
- FY2016 revenue growth
- -20.0%
- FY2017 revenue growth
- -27.2%
- FY2018 revenue growth
- -6.8%
- FY2019 revenue growth
- +35.4%
- FY2020 revenue growth
- +15.1%
- FY2021 revenue growth
- -35.4%
- FY2022 revenue growth
- +217.3%
- FY2023 revenue growth
- +24.0%
- FY2024 revenue growth
- -11.2%
- FY2025 revenue growth
- -11.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $325.5M | +77.5% |
| Q4 2025 | $267.9M | +37.6% |
| Q3 2025 | $196.4M | -12.8% |
| Q2 2025 | $195.6M | -24.0% |
| Q1 2025 | $183.4M | -33.2% |
| Q4 2024 | $194.6M | -22.4% |
| Q3 2024 | $225.2M | -6.8% |
| Q2 2024 | $257.4M | -11.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
INSW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
INSW Revenue Analysis (2014–2025)
Current Revenue & Growth
As of June 21, 2026, International Seaways, Inc. (INSW) generated trailing twelve-month (TTM) revenue of $985.4 million, reflecting explosive growth of +77.5% year-over-year. The most recent quarter (Q1 2026) recorded $325.5 million in revenue, up 21.5% sequentially.
Historical Growth Trajectory
INSW's 5-year compound annual growth rate (CAGR) stands at +14.9%, indicating consistent double-digit revenue growth. The 3-year CAGR of -0.8% is below the 5-year average, signalling a growth deceleration in recent years. International Seaways, Inc.'s highest annual revenue of $1.07 billion was recorded in 2023.
Revenue by Segment
INSW's revenue is primarily driven by Pool Revenue Leases (76%), Time and Bareboat Charter Leases (19%), and Voyage Charter Leases (5%). With over half of revenue concentrated in Pool Revenue Leases, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including TNK (-12.8% YoY), STNG (-2.8% YoY), and DHT (+4.2% YoY) — INSW has outperformed the peer group in revenue growth. Compare INSW vs TNK →
INSW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INSWCurrent | $985M | +77.5% | +14.9% | 36.3% | |
 TNK | $952M | -12.8% | +1.4% | 22.6% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 DHT | $497M | +4.2% | -6.4% | 34.2% | |
 HAFN | $2.3B | -8.6% | +21.9% | 14.3% | |
 TK | $950M | -26.0% | -12.2% | 21.8% |
INSW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $843.3M | -11.4% | $356.6M | 42.3% | $306.4M | 36.3% |
| 2024 | $951.6M | -11.2% | $478.2M | 50.2% | $455.2M | 47.8% |
| 2023 | $1.07B | +24.0% | $627.5M | 58.6% | $615.4M | 57.4% |
| 2022 | $864.7M | +217.3% | $470.5M | 54.4% | $443.4M | 51.3% |
| 2021 | $272.5M | -35.4% | $-37,805,000 | -13.9% | $-90,299,000 | -33.1% |
| 2020 | $421.6M | +15.1% | $169.2M | 40.1% | $44.0M | 10.4% |
| 2019 | $366.2M | +35.4% | $83.5M | 22.8% | $66.4M | 18.1% |
| 2018 | $270.4M | -6.8% | $-9,241,000 | -3.4% | $-25,099,000 | -9.3% |
| 2017 | $290.1M | -27.2% | $13.2M | 4.6% | $-59,262,000 | -20.4% |
| 2016 | $398.3M | -20.0% | $125.8M | 31.6% | $22.8M | 5.7% |
| 2015 | $497.6M | -3.7% | $213.4M | 42.9% | $221.9M | 44.6% |
| 2014 | $517.0M | - | $67.3M | 13.0% | $42.5M | 8.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
INSW — Frequently Asked Questions
Quick answers to the most common questions about buying INSW stock.
Is INSW's revenue growth accelerating or slowing?
INSW revenue growth is accelerating. TTM revenue reached $985M, up +77.5% year-over-year — ahead of the 5-year CAGR of +14.9%. This indicates the business is expanding faster than its historical baseline.
What is INSW's revenue history from 2014 to 2026?
International Seaways, Inc. (INSW) revenue history spans 2014 to 2026. TTM revenue as of 2026 is $985M, growing at +77.5% YoY. The 5-year CAGR is +14.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is INSW's long-term revenue growth rate (CAGR)?
International Seaways, Inc.'s 5-year revenue CAGR of +14.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +77.5% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for INSW.
Why does INSW's quarterly revenue fluctuate?
INSW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. International Seaways, Inc.'s revenue data from 2014 to 2026 shows full historical quarterly detail on this page.
How is INSW's revenue distributed by segment?
INSW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does INSW's revenue compare to industry peers?
International Seaways, Inc. (INSW) with TTM revenue of $985M and +77.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.