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TEN-PE logoTsakos Energy Navigation Limited(TEN-PE)Earnings, Financials & Key Ratios

TEN-PE•NYSE
$26.80
$127M mkt cap·5.3× P/E·Price updated May 7, 2026
SectorEnergyIndustryMidstream Oil & GasSub-IndustryMarine Tanker Shipping
AboutTsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. The company was incorporated in 1993 and is based in Athens, Greece.Show more
  • Revenue$804M-9.6%
  • EBITDA$418M-18.7%
  • Net Income$176M-41.3%
  • EPS (Diluted)5.03-44.4%
  • Gross Margin34.23%-17.7%
  • EBITDA Margin52.03%-10.1%
  • Operating Margin34.64%-21.3%
  • Net Margin21.92%-35.0%
  • ROE10.31%-45.5%
  • ROIC7.62%-27.7%
  • Debt/Equity0.78-9.0%
  • Interest Coverage2.46-33.1%
Technical→

TEN-PE Key Insights

Tsakos Energy Navigation Limited (TEN-PE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 63.4%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 11.1%
  • ✓Trading near 52-week high
  • ✓Trading at only 0.4x 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.

TEN-PE Price & Volume

Tsakos Energy Navigation Limited (TEN-PE) stock price & volume — 10-year historical chart

Loading chart...

TEN-PE Growth Metrics

Tsakos Energy Navigation Limited (TEN-PE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.84%
5 Years6.12%
3 Years13.76%
TTM-4.12%

Profit CAGR

10 Years18.05%
5 Years63.41%
3 Years-
TTM-16.12%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM156.88%

Return on Capital

10 Years4.54%
5 Years6.03%
3 Years10.4%
Last Year8.79%

TEN-PE Recent Earnings

Tsakos Energy Navigation Limited (TEN-PE) EPS & revenue vs analyst estimates — last 1 quarters

Full history →
●Beat EPS 1/1 qtrs (100%)●Beat Revenue 1/1 qtrs (100%)
Q2 2026Latest
Mar 6, 2026
EPS
$1.69
Est $1.07
+57.9%
Revenue
$195M
Est $173M
+12.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 6, 2026
$1.69vs $1.07+57.9%
$195Mvs $173M+12.9%
Based on last 1 quarters of dataView full earnings history →

TEN-PE Peer Comparison

Tsakos Energy Navigation Limited (TEN-PE) competitors in Marine Tanker Shipping — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TNK logoTNKTeekay Tankers Ltd.Direct Competitor2.83B81.278.05-22.58%36.9%17.18%0.03
INSW logoINSWInternational Seaways, Inc.Direct Competitor4.46B90.1814.48-11.38%80.76%27.13%0.29
DHT logoDHTDHT Holdings, Inc.Direct Competitor3.06B19.0114.51-13.04%58.56%29.14%0.38
STNG logoSTNGScorpio Tankers Inc.Direct Competitor4.38B84.6912.05-24.58%48.44%15.85%0.19
NAT logoNATNordic American Tankers LimitedDirect Competitor1.24B5.8526.59-10.71%0.68%0.41%0.53
TK logoTKTeekay CorporationDirect Competitor1.18B14.099.92-16.7%7.95%4.04%0.03
FRO logoFROFrontline Ltd.Product Competitor8.48B38.1017.0913.77%12.34%9.37%1.60
ASC logoASCArdmore Shipping CorporationProduct Competitor769.54M18.8621.43-23.56%13.22%6.37%0.20

Compare TEN-PE vs Peers

Tsakos Energy Navigation Limited (TEN-PE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TNK

Most directly comparable listed peer for TEN-PE.

Scale Benchmark

vs XOM

Larger-name benchmark to compare TEN-PE against a more recognizable public peer.

Peer Set

Compare Top 5

vs TNK, INSW, DHT, STNG

TEN-PE Income Statement

Tsakos Energy Navigation Limited (TEN-PE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue481.79M529.18M529.88M597.45M644.13M546.12M860.4M889.57M804.06M795.78M
Revenue Growth %-18.02%9.84%0.13%12.75%7.81%-15.22%57.55%3.39%-9.61%-4.12%
Cost of Goods Sold366.37M426.6M464.66M456.28M483.17M544.66M573.75M519.56M528.79M394.71M
COGS % of Revenue76.04%80.61%87.69%76.37%75.01%99.73%66.68%58.41%65.77%-
Gross Profit
115.42M▲ 0%
102.58M▼ 11.1%
65.22M▼ 36.4%
141.17M▲ 116.5%
160.96M▲ 14.0%
1.46M▼ 99.1%
286.65M▲ 19587.3%
370.01M▲ 29.1%
275.27M▼ 25.6%
530.05M▲ 0%
Gross Margin %23.96%19.39%12.31%23.63%24.99%0.27%33.32%41.59%34.23%66.61%
Gross Profit Growth %-44.45%-11.12%-36.43%116.47%14.02%-99.1%19587.29%29.08%-25.6%-
Operating Expenses25.61M39.11M93.36M55.31M64.27M121.31M30.29M-21.49M-3.29M277.7M
OpEx % of Revenue5.32%7.39%17.62%9.26%9.98%22.21%3.52%-2.42%-0.41%-
Selling, General & Admin25.61M26.32M27.03M27.7M29.04M29.13M29.85M33.34M45.37M51.28M
SG&A % of Revenue5.32%4.97%5.1%4.64%4.51%5.33%3.47%3.75%5.64%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses012.78M66.33M27.61M35.23M92.19M440K-54.83M-48.66M1000K
Operating Income
89.81M▲ 0%
63.48M▼ 29.3%
-28.14M▼ 144.3%
85.86M▲ 405.1%
96.69M▲ 12.6%
-119.86M▼ 224.0%
256.35M▲ 313.9%
391.5M▲ 52.7%
278.56M▼ 28.8%
252.35M▲ 0%
Operating Margin %18.64%12%-5.31%14.37%15.01%-21.95%29.79%44.01%34.64%31.71%
Operating Income Growth %-52.25%-29.32%-144.34%405.07%12.62%-223.96%313.88%52.72%-28.85%-
EBITDA196.9M195.35M108.88M214.65M223.97M6.96M377.93M514.62M418.37M274.19M
EBITDA Margin %40.87%36.92%20.55%35.93%34.77%1.27%43.92%57.85%52.03%34.46%
EBITDA Growth %-31.55%-0.79%-44.27%97.14%4.35%-96.89%5328.44%36.17%-18.7%-3.22%
D&A (Non-Cash Add-back)107.09M131.87M137.02M128.78M127.28M126.82M121.58M123.12M139.81M0
EBIT93.93M71.08M-29.1M82.97M76.84M-112M263.92M407.68M294.93M277.46M
Net Interest Income-38.7M-65.13M-73.83M-70.33M-52.6M-41.12M-57.92M-91.87M-98.31M-96.69M
Interest Income623K1.08M2.51M3.69M1.07M703K2M14.58M15.12M15.11M
Interest Expense37.44M61.9M71.94M74.02M53.67M41.82M59.92M106.45M113.3M111.8M
Other Income/Expense-33.31M-54.29M-72.9M-71.85M-69.47M-30.72M-47.89M-86.42M-96.93M-76.06M
Pretax Income
56.49M▲ 0%
9.19M▼ 83.7%
-101.04M▼ 1200.1%
14.01M▲ 113.9%
27.22M▲ 94.3%
-150.58M▼ 653.2%
208.47M▲ 238.4%
305.08M▲ 46.3%
181.63M▼ 40.5%
205.24M▲ 0%
Pretax Margin %11.73%1.74%-19.07%2.34%4.23%-27.57%24.23%34.3%22.59%25.79%
Income Tax00000000049.74M
Effective Tax Rate %0%0%0%0%0%0%0%0%0%24.23%
Net Income
55.78M▲ 0%
7.61M▼ 86.4%
-99.2M▼ 1403.2%
15.13M▲ 115.2%
24M▲ 58.7%
-151.4M▼ 730.8%
204.23M▲ 234.9%
300.18M▲ 47.0%
176.23M▼ 41.3%
149.03M▲ 0%
Net Margin %11.58%1.44%-18.72%2.53%3.73%-27.72%23.74%33.74%21.92%18.73%
Net Income Growth %-64.74%-86.35%-1403.24%115.25%58.68%-730.78%234.9%46.98%-41.29%-16.12%
Net Income (Continuing)56.49M9.19M-101.04M14.01M27.22M-150.58M208.47M305.08M181.63M155.5M
Discontinued Operations0000000000
Minority Interest12.31M13.88M12.04M20.92M28.14M50.99M51.02M34.09M39.49M42.14M
EPS (Diluted)
0.00▲ 0%
0.00▲ 0%
0.00▲ 0%
0.00▲ 0%
0.00▲ 0%
-9.53▲ 0%
5.97▲ 162.6%
9.04▲ 51.4%
5.03▼ 44.4%
5.02▲ 0%
EPS Growth %------162.64%51.42%-44.36%156.88%
EPS (Basic)0.000.000.000.000.00-9.536.029.045.03-
Diluted Shares Outstanding0000019.65M28.19M29.51M29.51M29.66M
Basic Shares Outstanding0000019.65M27.97M29.51M29.51M29.66M
Dividend Payout Ratio72.35%523.83%-325.99%194.6%-21.4%20.61%40.75%-

TEN-PE Balance Sheet

Tsakos Energy Navigation Limited (TEN-PE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets358.31M304.39M317.5M397.01M321.47M239.66M513.11M509.34M451.8M453.65M
Cash & Short-Term Investments187.78M189.76M204.76M184.84M160.47M117.19M304.37M372.03M343.37M282.39M
Cash Only187.78M189.76M204.76M184.84M160.47M117.19M304.37M372.03M343.37M282.39M
Short-Term Investments0000000000
Accounts Receivable44.98M41.57M56.27M60.45M46.06M57.97M87.09M51.98M33.66M49.37M
Days Sales Outstanding34.0828.6838.7636.9326.138.7436.9421.3315.2813.98
Inventory18.76M16.29M20.39M13.03M21.81M22.92M26.22M22.51M18.95M16.18M
Days Inventory Outstanding18.6913.9416.0210.4216.4815.3616.6815.8213.0812.89
Other Current Assets80.73M36.13M16.6M114.52M73.69M19.55M73.06M62.81M55.82M105.72M
Total Non-Current Assets2.92B3.07B2.89B2.76B2.79B2.66B2.8B2.85B3.25B3.35B
Property, Plant & Equipment2.89B3.03B2.85B2.72B2.73B2.6B2.73B2.79B3.18B3.29B
Fixed Asset Turnover0.17x0.17x0.19x0.22x0.24x0.21x0.32x0.32x0.25x0.33x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments1M1M1M0024.69M23.31M5.06M25.23M70.58M
Other Non-Current Assets24.67M38.19M40.95M40.94M59.55M34.3M44.37M62.13M46.4M125.58M
Total Assets
3.28B▲ 0%
3.37B▲ 2.9%
3.21B▼ 5.0%
3.15B▼ 1.6%
3.11B▼ 1.3%
2.89B▼ 7.0%
3.31B▲ 14.3%
3.36B▲ 1.7%
3.71B▲ 10.2%
3.81B▲ 0%
Asset Turnover0.15x0.16x0.17x0.19x0.21x0.19x0.26x0.26x0.22x0.21x
Asset Growth %13.29%2.93%-5%-1.59%-1.33%-6.99%14.29%1.68%10.18%31.02%
Total Current Liabilities393.29M338.92M254.3M354.2M382.04M332.1M369.69M323.2M408.52M349.32M
Accounts Payable52.51M46.92M37.53M36.61M55.29M74.91M48.16M40.21M55.85M45.74M
Days Payables Outstanding52.3140.1429.4829.2941.7750.230.6428.2538.5535.36
Short-Term Debt288.13M225.88M160.58M235.51M232.43M172.94M201.05M191.97M0216.19M
Deferred Revenue (Current)8.43M13.61M6.01M12.07M12.62M9.02M26.05M31.9M37.41M68.98M
Other Current Liabilities3.61M1.38M48K3.9M15.26M8.88M072K251.78M-10.27M
Current Ratio0.91x0.90x1.25x1.12x0.84x0.72x1.39x1.58x1.11x1.11x
Quick Ratio0.86x0.85x1.17x1.08x0.78x0.65x1.32x1.51x1.06x1.06x
Cash Conversion Cycle0.452.4725.318.070.813.922.998.9-10.19-8.49
Total Non-Current Liabilities1.47B1.53B1.44B1.33B1.35B1.27B1.42B1.39B1.53B1.65B
Long-Term Debt1.47B1.53B1.44B1.3B1.27B1.2B1.38B1.37B1.35B1.62B
Capital Lease Obligations00013.89M46.13M62.02M39.13M17.03M4.33M14.97M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities1.12M589K8.96M14.91M34.35M8.66M5K524K31.14M246.82M
Total Liabilities1.86B1.87B1.7B1.68B1.73B1.6B1.79B1.71B1.94B2B
Total Debt1.75B1.75B1.6B1.56B1.57B1.47B1.67B1.41B1.37B1.49B
Net Debt1.57B1.56B1.39B1.37B1.41B1.35B1.36B1.04B1.03B1.21B
Debt / Equity1.24x1.16x1.06x1.06x1.14x1.13x1.10x0.85x0.78x0.78x
Debt / EBITDA8.91x8.97x14.65x7.25x7.00x210.56x4.41x2.74x3.28x5.43x
Net Debt / EBITDA7.95x8.00x12.77x6.39x6.29x193.73x3.61x2.02x2.46x2.46x
Interest Coverage2.40x1.03x-0.39x1.16x1.80x-2.87x4.28x3.68x2.46x2.48x
Total Equity
1.42B▲ 0%
1.51B▲ 6.4%
1.51B▼ 0.1%
1.47B▼ 2.3%
1.38B▼ 6.1%
1.29B▼ 6.5%
1.52B▲ 17.9%
1.65B▲ 8.5%
1.77B▲ 6.9%
1.81B▲ 0%
Equity Growth %0.17%6.4%-0.09%-2.29%-6.15%-6.52%17.89%8.52%6.93%25.89%
Book Value per Share-----65.7454.0356.0159.8960.91
Total Shareholders' Equity1.41B1.49B1.49B1.45B1.35B1.24B1.47B1.62B1.73B1.76B
Common Stock87.34M87.34M87.61M95.08M95.97M126.22M150.92M150.92M151.54M151.54M
Retained Earnings582.89M547.94M400.93M364M338.8M149.5M311.73M548.24M652.65M685.62M
Treasury Stock-20.17M-5.74M00-9.83M-6.79M-6.79M-6.79M-6.79M-6.79M
Accumulated OCI-4.31M-5.3M-8.66M-18.35M-36.99M-17.18M7.67M2.48M-904K-1.53M
Minority Interest12.31M13.88M12.04M20.92M28.14M50.99M51.02M34.09M39.49M42.14M

TEN-PE Cash Flow Statement

Tsakos Energy Navigation Limited (TEN-PE) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations163.93M167.65M69.64M180.79M202.45M51.84M282.23M391.33M302.88M302.88M
Operating CF Margin %34.03%31.68%13.14%30.26%31.43%9.49%32.8%43.99%37.67%-
Operating CF Growth %-29.3%2.27%-58.46%159.59%11.98%-74.39%444.42%38.65%-22.6%-35.28%
Net Income55.78M7.61M-99.2M15.13M24M-151.4M204.23M300.18M175.27M149.03M
Depreciation & Amortization113.42M139.02M146.8M139.42M137.1M143.25M140.82M144.24M159.9M164.47M
Stock-Based Compensation0000000000
Deferred Taxes0000000000
Other Non-Cash Items-20.29M-407K59.61M14.07M33.03M55.74M-19.15M-79.75M-78.12M-21.64M
Working Capital Changes15.03M21.43M-37.56M12.17M8.32M4.25M-43.67M26.65M45.83M0
Change in Receivables-5.45M8.57M-15.99M-9.06M19.66M-1.33M-35.24M28.37M16.87M0
Change in Inventory-4.35M2.46M-4.09M7.36M-8.78M-1.1M-3.3M3.7M3.56M0
Change in Payables23.4M-4.04M-12.46M2.42M14.98M23.36M-27.06M-11.83M12.96M0
Cash from Investing-576.08M-241.8M-179K-92.2M-90.61M-8M-301.81M-137.44M-441.61M-478.07M
Capital Expenditures-576.08M-293.35M-17.32M-102.2M-188.24M-61.23M-333.37M-298.38M-650.02M0
CapEx % of Revenue119.57%55.43%3.27%17.11%29.22%11.21%38.75%33.54%80.84%-
Acquisitions051.55M17.14M10M97.63M53.22M31.55M165.94M228.42M228.42M
Investments----------
Other Investing000000000-706.49M
Cash from Financing310.24M76.13M-51.61M-111.34M-137.84M-88.41M201.82M-186.63M110.34M128.49M
Debt Issued (Net)365.95M-2.96M-155.96M-62.57M-34.76M-129.15M204M-16.45M182.16M0
Equity Issued (Net)-1000K1000K1000K536K-1000K1000K1000K-1000K00
Dividends Paid-40.36M-39.87M-44.44M-49.31M-46.71M-36.31M-43.71M-61.86M-71.82M0
Share Repurchases-20.68M00-50M-59.83M-168K-2.5M-108.31M00
Other Financing5.33M-2.91M0000000128.49M
Net Change in Cash
-107.23M▲ 0%
4.9M▲ 104.6%
17.85M▲ 264.3%
-22.76M▼ 227.5%
-26M▼ 14.3%
-44.57M▼ 71.4%
182.24M▲ 508.9%
67.25M▼ 63.1%
-28.38M▼ 142.2%
-58.04M▲ 0%
Free Cash Flow
-412.14M▲ 0%
-125.7M▲ 69.5%
52.33M▲ 141.6%
78.59M▲ 50.2%
14.21M▼ 81.9%
-9.39M▼ 166.0%
-51.14M▼ 444.8%
92.94M▲ 281.8%
-347.14M▼ 473.5%
0▲ 0%
FCF Margin %-85.54%-23.75%9.88%13.15%2.21%-1.72%-5.94%10.45%-43.17%-
FCF Growth %-2971.86%69.5%141.63%50.18%-81.92%-166.05%-444.75%281.75%-473.5%-
FCF per Share------0.48-1.813.15-11.77-11.77
FCF Conversion (FCF/Net Income)2.94x22.02x-0.70x11.95x8.43x-0.34x1.38x1.30x1.72x0.00x
Interest Paid35.34M56.58M67.92M70.75M53.81M40.84M48.95M101.34M108.65M0
Taxes Paid0000000000

TEN-PE Key Ratios

Tsakos Energy Navigation Limited (TEN-PE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)3.94%0.52%-6.58%1.02%1.68%-11.33%14.51%18.91%10.31%8.47%
Return on Invested Capital (ROIC)2.45%1.57%-0.71%2.24%2.57%-3.31%6.96%10.53%7.62%7.62%
Gross Margin23.96%19.39%12.31%23.63%24.99%0.27%33.32%41.59%34.23%66.61%
Net Margin11.58%1.44%-18.72%2.53%3.73%-27.72%23.74%33.74%21.92%18.73%
Debt / Equity1.24x1.16x1.06x1.06x1.14x1.13x1.10x0.85x0.78x0.78x
Interest Coverage2.40x1.03x-0.39x1.16x1.80x-2.87x4.28x3.68x2.46x2.48x
FCF Conversion2.94x22.02x-0.70x11.95x8.43x-0.34x1.38x1.30x1.72x0.00x
Revenue Growth-18.02%9.84%0.13%12.75%7.81%-15.22%57.55%3.39%-9.61%-4.12%

TEN-PE Frequently Asked Questions

Tsakos Energy Navigation Limited (TEN-PE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Tsakos Energy Navigation Limited (TEN-PE) reported $795.8M in revenue for fiscal year 2024. This represents a 829% increase from $85.6M in 1999.

Tsakos Energy Navigation Limited (TEN-PE) saw revenue decline by 9.6% over the past year.

Yes, Tsakos Energy Navigation Limited (TEN-PE) is profitable, generating $149.0M in net income for fiscal year 2024 (21.9% net margin).

Dividend & Returns

Yes, Tsakos Energy Navigation Limited (TEN-PE) pays a dividend with a yield of 9.08%. This makes it attractive for income-focused investors.

Tsakos Energy Navigation Limited (TEN-PE) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Tsakos Energy Navigation Limited (TEN-PE) had negative free cash flow of $347.1M in fiscal year 2024, likely due to heavy capital investments.

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