Nordic American Tankers Limited (NAT) Earnings History
Earnings Pressure29 years of earnings data (1997–2025) · 5-year EPS trend is negative
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Nordic American Tankers Limited (NAT) Earnings Overview
As of June 22, 2026, Nordic American Tankers Limited (NAT) reported trailing twelve-month net income of $54M, reflecting -73.6% year-over-year growth. The company earned $0.26 per diluted share over the past four quarters, with a net profit margin of 4.2%.
Looking at the long-term picture, NAT's 5-year EPS compound annual growth rate (CAGR) stands at -29.8%, signaling declining earnings. The company achieved its highest annual net income of $119M in fiscal 2008.
Nordic American Tankers Limited maintains positive profitability with a gross margin of 19.8%, operating margin of 9.9%, and net margin of 4.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including TNK ($429M net income, 36.9% margin), INSW ($546M net income, 36.7% margin), DHT ($331M net income, 42.5% margin), NAT has room to improve margins relative to the peer group. Compare NAT vs TNK →
NAT Earnings vs Peers
Earnings metrics vs comparable public companies
NAT Historical Earnings Data (1997–2025)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12M | -73.7% | $29M | $0.06 | 4.2% | 9.9% |
| 2024 | $47M | -52.7% | $77M | $0.22 | 13.3% | 22.1% |
| 2023 | $99M | +553.7% | $128M | $0.47 | 25.2% | 32.7% |
| 2022 | $15M | +112.6% | $36M | $0.07 | 4.5% | 10.7% |
| 2021 | -$119M | -338.7% | -$84M | $-0.74 | -61.0% | -43.0% |
| 2020 | $50M | +583.3% | $81M | $0.34 | 14.1% | 22.9% |
| 2019 | -$10M | +89.1% | $32M | $-0.07 | -3.3% | 10.1% |
| 2018 | -$95M | +53.5% | -$30M | $-0.67 | -33.0% | -10.3% |
| 2017 | -$205M | -4499.8% | -$46M | $-0.73 | -69.0% | -15.6% |
| 2016 | -$4M | -103.9% | $48M | $-0.05 | -1.2% | 13.4% |
| 2015 | $115M | +970.6% | $128M | $1.29 | 25.7% | 28.7% |
| 2014 | -$13M | +87.5% | -$6M | $-0.15 | -3.8% | -1.8% |
| 2013 | -$105M | -44.0% | -$82M | $-1.64 | -43.3% | -33.6% |
| 2012 | -$73M | -1.2% | -$56M | $-1.39 | -56.0% | -42.8% |
| 2011 | -$72M | -8836.7% | -$55M | $-1.53 | -76.3% | -58.0% |
| 2010 | $-808,999 | -179.9% | $777,999 | $-0.02 | -0.6% | 0.6% |
| 2009 | $1M | -99.1% | $2M | $0.03 | 0.8% | 1.9% |
| 2008 | $119M | +168.8% | $121M | $3.63 | 52.1% | 53.2% |
| 2007 | $44M | -34.4% | $53M | $1.56 | 23.6% | 28.5% |
| 2006 | $67M | +45.5% | $72M | $3.14 | 38.4% | 41.2% |
| 2005 | $46M | +13.5% | $49M | $3.03 | 39.6% | 41.7% |
| 2004 | $41M | +45.3% | $43M | $4.05 | 60.5% | 63.4% |
| 2003 | $28M | +217.6% | $30M | $2.89 | 75.2% | 80.0% |
| 2002 | $9M | -54.4% | $11M | $0.91 | 49.0% | 58.8% |
| 2001 | $19M | -29.9% | $21M | $2.00 | 68.4% | 74.0% |
| 2000 | $28M | +379.1% | $29M | $2.85 | 75.6% | 79.8% |
| 1999 | $6M | -33.1% | $7M | $0.59 | 39.1% | 49.8% |
| 1998 | $9M | +170.0% | $9M | $0.73 | 53.9% | 53.6% |
| 1997 | $3M | - | $3M | $0.27 | 60.7% | 57.9% |
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NAT — Frequently Asked Questions
Quick answers to the most common questions about buying NAT stock.
What is NAT earnings per share (EPS)?
NAT trailing twelve-month (TTM) diluted EPS is $0.26, reflecting -73.6% year-over-year growth. The 5-year EPS CAGR is -29.8%. Complete EPS history from 1997 to 2025 is available in the table on this page.
What is Nordic American Tankers Limited's net income?
Nordic American Tankers Limited (NAT) trailing twelve-month net income is $54M as of 2025. Earnings declined -73.6% year-over-year. Nordic American Tankers Limited has been profitable for 4 consecutive years.
Is NAT profitable?
Yes, NAT is profitable with a TTM net income of $54M and a net profit margin of +4.2%. Nordic American Tankers Limited has generated profits for 4 consecutive years.
What is NAT's earnings growth rate?
NAT compound annual EPS growth rates (CAGR): 1-Year: -73.6%, 3-Year: -8.1%, 5-Year: -29.8%, 10-Year: -26.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2025.
What are NAT's profit margins?
Nordic American Tankers Limited net profit margin is +4.2%, operating margin is +9.9%, and gross margin is +19.8%. Below-average margins reflect competitive or cost pressures. Return on Equity is +2.6%.
Is NAT growing earnings?
NAT earnings are declining — EPS fell -73.6% year-over-year. TTM net income dropped to $54M. This contrasts with the 5-year CAGR of -29.8%.
What was NAT's best earnings year?
Nordic American Tankers Limited's highest annual net income on record is $119M, achieved in fiscal year 2008. Earnings history on this page spans 1997 to 2025 and includes all annual and quarterly figures.
What were NAT's earnings last quarter?
NAT's most recent reported quarter was Q1 2026. Net income was $46M with diluted EPS of $0.22. For a full breakdown of all quarters, see the quarterly earnings table on this page.