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Pyxis Tankers Inc. (PXS) 10-Year Financial Performance & Capital Metrics

PXS • • Industrial / General
IndustrialsMarine ShippingTanker ShippingTanker Operators
AboutPyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals. As of March 31, 2022, the company operated a fleet of five tankers. Pyxis Tankers Inc. was incorporated in 2015 and is based in Maroussi, Greece.Show more
  • Revenue $52M +13.4%
  • EBITDA $24M -50.5%
  • Net Income $13M -65.3%
  • EPS (Diluted) 0.91 -68.4%
  • Gross Margin 54.84% -8.0%
  • EBITDA Margin 45.84% -56.4%
  • Operating Margin 32.45% -64.8%
  • Net Margin 24.97% -69.4%
  • ROE 12.83% -71.9%
  • ROIC 8.64% -65.3%
  • Debt/Equity 0.85 +40.3%
  • Interest Coverage 2.67 -62.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.6%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 13.2%
  • ✓Share count reduced 16.4% through buybacks
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low asset turnover indicates capital-intensive operations

* 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

10Y6.38%
5Y13.18%
3Y26.7%
TTM-23.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-99.21%

EPS CAGR

10Y-
5Y-
3Y-
TTM-108.57%

ROCE

10Y Avg3.59%
5Y Avg8.55%
3Y Avg17.91%
Latest10.05%

Peer Comparison

Tanker Operators
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
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 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+33.2M30.71M29.83M28.46M27.75M21.71M25.34M58.34M45.47M51.54M
Revenue Growth %0.2%-0.07%-0.03%-0.05%-0.02%-0.22%0.17%1.3%-0.22%0.13%
Cost of Goods Sold+17.9M19.48M21.47M24.49M23.2M19.57M26.94M35.94M18.36M23.28M
COGS % of Revenue0.54%0.63%0.72%0.86%0.84%0.9%1.06%0.62%0.4%0.45%
Gross Profit+15.3M11.23M8.36M3.97M4.55M2.15M-1.6M22.41M27.11M28.27M
Gross Margin %0.46%0.37%0.28%0.14%0.16%0.1%-0.06%0.38%0.6%0.55%
Gross Profit Growth %1.3%-0.27%-0.26%-0.52%0.15%-0.53%-1.75%15%0.21%0.04%
Operating Expenses+9.4M10.23M10.7M9.57M4.33M4.09M4.52M4.63M-14.76M11.54M
OpEx % of Revenue0.28%0.33%0.36%0.34%0.16%0.19%0.18%0.08%-0.32%0.22%
Selling, General & Admin3.5M4.23M4.83M4.05M2.41M2.38M2.54M2.51M4.86M4.64M
SG&A % of Revenue0.11%0.14%0.16%0.14%0.09%0.11%0.1%0.04%0.11%0.09%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses5.88M6M5.87M2.18M1.92M1.71M1.99M2.12M-19.62M6.9M
Operating Income+5.9M-3M-2.35M-8.01M228K-2.27M-8.51M17.31M41.87M16.72M
Operating Margin %0.18%-0.1%-0.08%-0.28%0.01%-0.1%-0.34%0.3%0.92%0.32%
Operating Income Growth %1.34%-1.51%0.22%-2.41%1.03%-10.96%-2.75%3.03%1.42%-0.6%
EBITDA+11.6M3M3.29M-2.38M5.79M2.4M-3.21M23.8M47.76M23.63M
EBITDA Margin %0.35%0.1%0.11%-0.08%0.21%0.11%-0.13%0.41%1.05%0.46%
EBITDA Growth %1.96%-0.74%0.1%-1.72%3.43%-0.59%-2.34%8.42%1.01%-0.51%
D&A (Non-Cash Add-back)5.7M6M5.64M5.63M5.56M4.67M5.3M6.48M5.89M6.9M
EBIT5.86M-3.17M-2.35M-4.17M-2.56M-2.26M-9.38M17.83M42.39M18.77M
Net Interest Income+-2.53M-2.65M-2.9M-4.49M-5.78M-4.96M-3.29M-4.44M-4.59M-4.22M
Interest Income000000001.24M2.04M
Interest Expense2.36M2.65M2.74M4.49M5.78M4.96M3.29M4.44M5.83M6.26M
Other Income/Expense-2.46M-2.81M-2.9M-203K-5.8M-4.96M-3.83M-3.92M-5.03M-4.22M
Pretax Income+3.5M-5.81M-5.24M-8.21M-8.33M-6.9M-12.34M13.39M36.84M12.51M
Pretax Margin %0.11%-0.19%-0.18%-0.29%-0.3%-0.32%-0.49%0.23%0.81%0.24%
Income Tax+2.4M000000000
Effective Tax Rate %1%1%1%1%1.69%1.67%1.27%1%1.01%1.03%
Net Income+3.5M-5.81M-5.24M-8.21M-14.11M-11.54M-15.62M13.39M37.04M12.87M
Net Margin %0.11%-0.19%-0.18%-0.29%-0.51%-0.53%-0.62%0.23%0.81%0.25%
Net Income Growth %1.18%-2.66%0.1%-0.57%-0.72%0.18%-0.35%1.86%1.77%-0.65%
Net Income (Continuing)3.5M-5.81M-5.24M-8.21M-8.33M-6.9M-12.34M13.39M36.84M12.51M
Discontinued Operations0000000000
Minority Interest000000004.32M6.29M
EPS (Diluted)+0.76-1.27-1.14-1.57-2.66-1.82-1.620.992.880.91
EPS Growth %1.18%-2.67%0.1%-0.38%-0.69%0.32%0.11%1.61%1.91%-0.68%
EPS (Basic)0.76-1.28-1.14-1.57-2.66-1.82-1.631.183.390.91
Diluted Shares Outstanding4.57M4.57M4.62M5.22M5.31M6.35M9.65M12.64M12.59M10.52M
Basic Shares Outstanding4.56M4.54M4.62M5.22M5.31M6.35M9.6M10.61M10.7M10.52M
Dividend Payout Ratio---------0.58%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.9M4.18M3.9M4.31M17.23M5.41M19.1M21.13M60.88M46.12M
Cash & Short-Term Investments4M783K1.69M545K1.44M1.62M6.18M7.56M54.54M38.24M
Cash Only4M783K1.69M545K1.44M1.62M6.18M7.56M34.54M21.24M
Short-Term Investments0000000020M17M
Accounts Receivable455K1.68M703K2.58M1.24M2.97M1.72M11.08M5.16M5.29M
Days Sales Outstanding519.988.633.1616.3549.9524.7269.341.4137.43
Inventory600K1.17M1.02M807K501K681K1.57M1.91M957K1.89M
Days Inventory Outstanding12.2321.9817.2712.037.8812.721.2319.4119.0229.62
Other Current Assets143K143K141K255K13.72M09.45M580K226K0
Total Non-Current Assets+135.8M126.56M120.92M112.31M91.53M87.78M123.46M117.85M105.43M142.76M
Property, Plant & Equipment130.5M121.34M115.77M107.99M87.51M83.77M119.72M114.19M101.94M140.02M
Fixed Asset Turnover0.25x0.25x0.26x0.26x0.32x0.26x0.21x0.51x0.45x0.37x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments4.5M4.86M4.86M3.43M3.2M2.42M2.82M2.87M1.8M1.35M
Other Non-Current Assets800K358K285K886K826K1.59M912K794K1.7M1.38M
Total Assets+141.7M130.74M124.81M116.62M108.77M93.19M142.56M138.98M166.31M188.88M
Asset Turnover0.23x0.23x0.24x0.24x0.26x0.23x0.18x0.42x0.27x0.27x
Asset Growth %0.13%-0.08%-0.05%-0.07%-0.07%-0.14%0.53%-0.03%0.2%0.14%
Total Current Liabilities+11.2M12.87M12.53M13.54M22.54M8.3M22.83M12.56M10.08M12.25M
Accounts Payable1.1M3.12M2.29M4.75M4.54M3.64M3.08M2.6M1.7M2.11M
Days Payables Outstanding22.4958.3638.9870.7571.467.9441.7826.4533.6933.04
Short-Term Debt7.09M6.81M7.3M4.33M8.98M3.25M11.7M5.83M5.58M7.56M
Deferred Revenue (Current)1000K1000K0422K1000K726K01000K1000K111K
Other Current Liabilities121K715K03.4M003M00973K
Current Ratio0.53x0.33x0.31x0.32x0.76x0.65x0.84x1.68x6.04x3.76x
Quick Ratio0.47x0.23x0.23x0.26x0.74x0.57x0.77x1.53x5.94x3.61x
Cash Conversion Cycle-5.25-16.4-13.11-25.56-47.17-5.294.1662.2626.7434.01
Total Non-Current Liabilities+76M69.12M64.13M63.13M54.23M55.33M70.88M65.05M55.37M76.96M
Long-Term Debt75.96M69.12M64.13M63.13M54.23M55.33M70.88M65.05M55.37M76.96M
Capital Lease Obligations0000000000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000000000
Total Liabilities87.2M81.99M76.66M76.67M76.77M63.63M93.71M77.61M65.45M89.22M
Total Debt+83.1M75.93M71.43M67.46M63.22M58.59M82.58M70.88M60.95M84.52M
Net Debt79.1M75.15M69.74M66.92M61.78M56.97M76.39M63.31M26.41M63.28M
Debt / Equity1.52x1.56x1.48x1.69x1.98x1.98x1.69x1.15x0.60x0.85x
Debt / EBITDA7.16x25.30x21.68x-10.92x24.40x-2.98x1.28x3.58x
Net Debt / EBITDA6.82x25.04x21.17x-10.67x23.73x-2.66x0.55x2.68x
Interest Coverage2.50x-1.13x-0.85x-1.78x0.04x-0.46x-2.59x3.90x7.18x2.67x
Total Equity+54.5M48.75M48.16M39.94M32M29.56M48.85M61.37M100.86M99.66M
Equity Growth %0.01%-0.11%-0.01%-0.17%-0.2%-0.08%0.65%0.26%0.64%-0.01%
Book Value per Share11.9310.6710.437.656.024.665.064.868.019.47
Total Shareholders' Equity54.5M48.75M48.16M39.94M32M29.56M48.85M61.37M96.54M93.38M
Common Stock18K18K21K21K21K22K42K42K11K11K
Retained Earnings-15.6M-21.39M-26.63M-34.84M-43.17M-50.16M-63.03M-50.51M-14.27M-4.67M
Treasury Stock0000000000
Accumulated OCI0000000000
Minority Interest000000004.32M6.29M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+12.4M4.45M3.68M-2.2M5.66M-13.03M-896K8.27M21.44M18.85M
Operating CF Margin %0.37%0.14%0.12%-0.08%0.2%-0.6%-0.04%0.14%0.47%0.37%
Operating CF Growth %1.31%-0.64%-0.17%-1.6%3.57%-3.3%0.93%10.23%1.59%-0.12%
Net Income3.5M-5.81M-5.24M-8.21M-8.33M-6.9M-12.34M13.39M37.04M12.87M
Depreciation & Amortization5.7M5.77M5.57M5.5M5.32M4.42M4.9M6.1M5.5M7.52M
Stock-Based Compensation100K0355K00000063K
Deferred Taxes-100K000000000
Other Non-Cash Items500K4.4M457K-1.47M2.98M-324K3.65M-235K-24.16M-1.05M
Working Capital Changes2.7M93K2.54M1.98M5.69M-10.22M2.9M-10.98M3.06M-560K
Change in Receivables800K-1.23M747K-1.9M1.32M571K-1.06M-8.87M6.19M-38K
Change in Inventory300K-590K157K209K306K-180K-886K-344K954K-932K
Change in Payables500K2.01M-858K2.5M-274K-939K-618K-227K-1.09M538K
Cash from Investing+-18.8M-500K0-99K-517K12.63M-43.19M4.95M12.21M-42.16M
Capital Expenditures-18.8M00-99K-517K-567K-43.19M-3.56M-32.01M-45.16M
CapEx % of Revenue0.57%--0%0.02%0.03%1.7%0.06%0.7%0.88%
Acquisitions----------
Investments----------
Other Investing-13K00-99K013.2M12.63M8.51M-4.52M3M
Cash from Financing+9.9M-7.79M-2.77M-187K-4.17M-739K49.93M-12.91M-7.5M9.57M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00000-69K-537K-871K-797K-8.08M
Share Repurchases----------
Other Financing-3.78M-22K-604K-1.36M-23K-582K-3.43M-11K4.8M-4.56M
Net Change in Cash----------
Free Cash Flow+-6.4M4.45M3.68M-2.3M5.14M-13.6M-44.09M4.72M-10.57M-26.32M
FCF Margin %-0.19%0.14%0.12%-0.08%0.19%-0.63%-1.74%0.08%-0.23%-0.51%
FCF Growth %-2.57%1.69%-0.17%-1.63%3.23%-3.64%-2.24%1.11%-3.24%-1.49%
FCF per Share-1.400.970.80-0.440.97-2.14-4.570.37-0.84-2.50
FCF Conversion (FCF/Net Income)3.54x-0.76x-0.70x0.27x-0.40x1.13x0.06x0.62x0.58x1.46x
Interest Paid0000000005.91M
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)6.46%-11.26%-10.82%-18.65%-39.21%-37.48%-39.85%24.3%45.66%12.83%
Return on Invested Capital (ROIC)3.48%-1.75%-1.46%-5.35%0.17%-1.89%-6.03%10.39%24.93%8.64%
Gross Margin46.08%36.56%28.01%13.95%16.41%9.88%-6.31%38.4%59.61%54.84%
Net Margin10.54%-18.93%-17.58%-28.86%-50.82%-53.13%-61.65%22.95%81.46%24.97%
Debt / Equity1.52x1.56x1.48x1.69x1.98x1.98x1.69x1.15x0.60x0.85x
Interest Coverage2.50x-1.13x-0.85x-1.78x0.04x-0.46x-2.59x3.90x7.18x2.67x
FCF Conversion3.54x-0.76x-0.70x0.27x-0.40x1.13x0.06x0.62x0.58x1.46x
Revenue Growth19.6%-7.5%-2.88%-4.59%-2.47%-21.77%16.72%130.24%-22.07%13.36%

Revenue by Segment

201820192020202120232024
Time Charters----32.8M31.77M
Time Charters Growth------3.14%
Spot Charters----12.66M19.77M
Spot Charters Growth-----56.09%
Revenues Derived from Spot Charters, Net-8.07M7.02M13.71M--
Revenues Derived from Spot Charters, Net Growth---12.95%95.26%--
Revenues Derived from Time Charters, Net-19.69M14.69M11.63M--
Revenues Derived from Time Charters, Net Growth---25.38%-20.83%--
Voyage Revenues Derived from Spot Charters, Net16.99M-----
Voyage Revenues Derived from Spot Charters, Net Growth------
Voyage Revenues Derived from Time Charters, Net11.47M-----
Voyage Revenues Derived from Time Charters, Net Growth------

Frequently Asked Questions

Valuation & Price

Pyxis Tankers Inc. (PXS) has a price-to-earnings (P/E) ratio of 3.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Pyxis Tankers Inc. (PXS) reported $40.5M in revenue for fiscal year 2024. This represents a 92% increase from $21.1M in 2012.

Pyxis Tankers Inc. (PXS) grew revenue by 13.4% over the past year. This is steady growth.

Yes, Pyxis Tankers Inc. (PXS) is profitable, generating $0.3M in net income for fiscal year 2024 (25.0% net margin).

Dividend & Returns

Yes, Pyxis Tankers Inc. (PXS) pays a dividend with a yield of 21.61%. This makes it attractive for income-focused investors.

Pyxis Tankers Inc. (PXS) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Pyxis Tankers Inc. (PXS) generated $16.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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