Tsakos Energy Navigation Limited (TEN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | 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 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 222.1M | 193.31M | 197.05M | 188.26M | 200.16M | 214.06M | 201.59M | 220.24M | 186.66M | 221.45M | 261.21M | 270.25M | 223.74M | 216.7M | 149.7M | 139.13M | 131.56M | 4.58B | 4.73B | 4.65B |
| Revenue Growth % | 17.98% | -9.69% | -2.25% | -14.52% | 7.23% | -3.34% | -22.83% | -18.51% | -16.57% | 2.19% | 74.49% | 94.25% | 70.07% | -95.27% | -96.84% | -97.01% | -96.91% | 73.8% | 23.33% | 12.24% |
| Cost of Goods Sold | 131.18M | 130.03M | 130.08M | 129.93M | 128.99M | 135.7M | 134.19M | 129.59M | 127.31M | 126.56M | 136.1M | 140.22M | 147.94M | 152.25M | 133.34M | 138.42M | 140.43M | 3.97B | 4.06B | 3.96B |
| COGS % of Revenue | 59.06% | 67.27% | 66.01% | 69.01% | 64.44% | 63.39% | 66.56% | 58.84% | 68.2% | 57.15% | 52.1% | 51.88% | 66.12% | 70.26% | 89.07% | 99.49% | 106.74% | 86.69% | 85.84% | 85.05% |
| Gross Profit | 90.92M | 63.28M | 66.97M | 58.33M | 71.17M | 78.36M | 67.4M | 90.65M | 59.35M | 94.9M | 125.11M | 130.03M | 75.8M | 64.45M | 16.36M | 712K | -8.87M | 610M | 670M | 695M |
| Gross Margin % | 40.94% | 32.73% | 33.99% | 30.99% | 35.56% | 36.61% | 33.44% | 41.16% | 31.8% | 42.85% | 47.9% | 48.12% | 33.88% | 29.74% | 10.93% | 0.51% | -6.74% | 13.31% | 14.16% | 14.95% |
| Gross Profit Growth % | 55.86% | -19.25% | -0.65% | -35.65% | 19.92% | -17.43% | -46.12% | -30.29% | -21.7% | 47.24% | 664.53% | 18163.2% | 954.46% | -89.43% | -97.56% | -99.9% | -101.37% | 338.85% | 34.81% | 28.47% |
| Operating Expenses | 9.72M | 13.24M | 6.35M | 15.92M | 14.22M | -24.59M | -8.84M | 33.87M | 6.34M | 12.34M | 7.16M | 7.62M | 8.06M | 7.38M | 6.79M | 7.2M | 7.46M | 487M | 482M | 463M |
| OpEx % of Revenue | 4.37% | 6.85% | 3.22% | 8.46% | 7.11% | -11.49% | -4.39% | 15.38% | 3.4% | 5.57% | 2.74% | 2.82% | 3.6% | 3.41% | 4.54% | 5.17% | 5.67% | 10.63% | 10.19% | 9.96% |
| Selling, General & Admin | 9.72M | 13.24M | 9.91M | 15.92M | 14.22M | 7.9M | 7.33M | 7.5M | 6.34M | 12.34M | 7.16M | 7.62M | 8.06M | 7.38M | 6.79M | 7.2M | 7.46M | 269M | 410M | 389M |
| SG&A % of Revenue | 4.37% | 6.85% | 5.03% | 8.46% | 7.11% | 3.69% | 3.63% | 3.41% | 3.4% | 5.57% | 2.74% | 2.82% | 3.6% | 3.41% | 4.54% | 5.17% | 5.67% | 5.87% | 8.67% | 8.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71M | 74M | 75M | 69M | 71M | 73M | 72M | 74M |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 31.73% | 34.15% | 50.1% | 49.59% | 53.97% | 1.59% | 1.52% | 1.59% |
| Other Operating Expenses | 0 | 0 | -1000K | 0 | 0 | -1000K | -1000K | 1000K | 0 | 0 | 61K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Operating Income | 81.2M | 50.04M | 60.62M | 42.41M | 56.95M | 102.95M | 76.25M | 56.78M | 53.01M | 82.56M | 199.15M | 122.42M | 67.74M | 57.07M | 9.57M | -6.48M | -16.34M | 123M | 188M | 232M |
| Operating Margin % | 36.56% | 25.89% | 30.76% | 22.53% | 28.45% | 48.1% | 37.82% | 25.78% | 28.4% | 37.28% | 76.24% | 45.3% | 30.28% | 26.34% | 6.39% | -4.66% | -12.42% | 2.68% | 3.97% | 4.99% |
| Operating Income Growth % | 91.45% | -51.39% | -20.5% | -25.3% | 7.44% | 24.69% | -61.71% | -53.62% | -21.75% | 44.67% | 1981.19% | 1988% | 514.69% | -53.6% | -94.91% | -102.79% | -107.63% | 145.56% | 121.91% | 2220% |
| EBITDA | 125.62M | 92.13M | 101.75M | 83.96M | 87.73M | 142.44M | 113.77M | 94.32M | 89.31M | 117.83M | 234.29M | 159.83M | 103.63M | 91.24M | 42.92M | 29.56M | 20.02M | 268M | 343M | 390M |
| EBITDA Margin % | 56.56% | 47.66% | 51.63% | 44.6% | 43.83% | 66.55% | 56.44% | 42.83% | 47.84% | 53.21% | 89.69% | 59.14% | 46.32% | 42.1% | 28.67% | 21.25% | 15.22% | 5.85% | 7.25% | 8.39% |
| EBITDA Growth % | 49.62% | -35.32% | -10.57% | -10.98% | -1.76% | 20.89% | -51.44% | -40.99% | -13.82% | 29.14% | 445.9% | 440.65% | 417.62% | -65.96% | -87.49% | -92.42% | -94.51% | 341.44% | 149.93% | 116.67% |
| D&A (Non-Cash Add-back) | 44.42M | 42.09M | 41.13M | 41.55M | 30.78M | 39.49M | 37.53M | 37.54M | 36.3M | 35.26M | 35.14M | 37.41M | 35.89M | 34.17M | 33.35M | 36.05M | 36.36M | 145M | 155M | 158M |
| EBIT | 80.2M | 51.23M | 62.9M | 46.36M | 56.95M | 107.22M | 79.56M | 61.1M | 53.01M | 82.56M | 201.97M | 122.42M | 67.74M | 57.67M | 9.59M | -85.58M | -16.05M | -10.51M | 2.23M | -40.91M |
| Net Interest Income | -18.5M | -19.71M | -21.7M | -21.92M | -28.99M | -26.06M | -21.9M | -23.46M | -20.82M | -22.57M | -21.75M | -19.74M | -14.64M | -10.77M | -3.11M | -8.45M | -8.01M | -7.33M | -6.92M | -9.09M |
| Interest Income | 2.83M | 3.23M | 2.31M | 3.97M | 3.22M | 4.69M | 3.25M | 4.47M | 3.22M | 4.13M | 2.76M | 1.16M | 429K | 226K | 190K | 200K | 175K | 200K | 127K | 160K |
| Interest Expense | 21.33M | 22.95M | 24M | 25.89M | 32.21M | 30.75M | 25.14M | 27.93M | 24.04M | 26.69M | 24.52M | 20.89M | 15.07M | 10.99M | 3.3M | 8.65M | 8.19M | 7.53M | 7.04M | 9.25M |
| Other Income/Expense | -22.32M | -21.75M | -21.71M | -20.79M | -28.95M | -25.36M | -21.83M | -23.61M | -20.67M | -20.45M | -21.69M | -17.8M | -15.39M | -10.42M | -3.28M | -46.64M | -7.9M | -7.41M | -7.03M | -9.43M |
| Pretax Income | 58.88M | 28.29M | 38.9M | 21.62M | 28M | 77.59M | 54.42M | 33.17M | 32.34M | 62.11M | 177.46M | 104.62M | 52.35M | 46.95M | 6.29M | -101.24M | -24.24M | 58M | 134M | 192M |
| Pretax Margin % | 26.51% | 14.63% | 19.74% | 11.48% | 13.99% | 36.25% | 26.99% | 15.06% | 17.33% | 28.05% | 67.94% | 38.71% | 23.4% | 21.67% | 4.2% | -72.76% | -18.42% | 1.27% | 2.83% | 4.13% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.74M | 0 | 0 | 0 | 0 | 0 | 41M | 47M | 6M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.66% | 0% | 0% | 0% | 0% | 0% | 70.69% | 35.07% | 3.13% |
| Net Income | 58.02M | 26.83M | 37.71M | 19.27M | 26.54M | 76.39M | 54.03M | 31.76M | 31.23M | 60.64M | 176.55M | 101.14M | 51.35M | 46.23M | 5.52M | -101.91M | -25.01M | -10M | 65M | 167M |
| Net Margin % | 26.12% | 13.88% | 19.14% | 10.24% | 13.26% | 35.69% | 26.8% | 14.42% | 16.73% | 27.38% | 67.59% | 37.42% | 22.95% | 21.33% | 3.69% | -73.25% | -19.01% | -0.22% | 1.37% | 3.59% |
| Net Income Growth % | 201.03% | -64.87% | -30.21% | -39.32% | -15.01% | 25.96% | -69.39% | -68.59% | -39.19% | 31.19% | 3098.37% | 199.24% | 305.35% | 562.25% | -91.51% | -161.02% | 94.99% | 97.14% | 107.75% | 153.35% |
| Net Income (Continuing) | 58.88M | 28.29M | 38.9M | 21.62M | 28M | 77.59M | 54.42M | 33.17M | 32.34M | 62.11M | 177.46M | 102.88M | 52.35M | 46.95M | 6.29M | -101.24M | -24.24M | -20.29M | -4.81M | -29.57M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 43.53M | 42.14M | 0 | 39.49M | 0 | 35.68M | 0 | 34.09M | 0 | 51.65M | 0 | 51.02M | 0 | 0 | 0 | 50.99M | 0 | 0 | 0 | 28.14M |
| EPS (Diluted) | 1.70 | 0.67 | 1.04 | 0.41 | 0.67 | 2.36 | 1.60 | 0.85 | 0.83 | 1.65 | 5.69 | 3.17 | 1.46 | 1.63 | 0.22 | -4.65 | -1.26 | -0.20 | 1.29 | 3.32 |
| EPS Growth % | 314.63% | -71.61% | -35% | -51.76% | -19.28% | 43.03% | -71.88% | -73.19% | -43.15% | 1.23% | 2486.36% | 168.17% | 215.87% | 915% | -82.95% | -240.06% | 87.29% | 97.12% | 107.74% | 153.38% |
| EPS (Basic) | 1.70 | 0.67 | 1.04 | 0.41 | 0.67 | 2.36 | 1.60 | 0.85 | 0.83 | 1.65 | 5.69 | 3.17 | 1.48 | 1.63 | 0.22 | -4.65 | -1.26 | -0.20 | 1.29 | 3.31 |
| Diluted Shares Outstanding | 29.82M | 29.66M | 29.66M | 29.63M | 29.61M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.94M | 28.4M | 25.57M | 21.9M | 19.79M | 50.36M | 50.36M | 50.36M |
| Basic Shares Outstanding | 29.82M | 29.66M | 29.66M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.68M | 28.4M | 25.57M | 21.9M | 19.79M | 50.5M | 50.5M | 50.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | 21.42% | 95.19% | 579.71% | - | - | - | 87.69% | 6.15% |