Stocks · Industrials · Water Transportation

International Seaways, Inc.

INSW Clue Score53
United States Fiscal year ends December CIK 0001679049
$119.82 -1.64% Close, 9 Oct 2026
Price $119.82 +591.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Dec 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue398.3Operating income7.2Net income−18.2Fiscal year 2017Revenue290.1 −27.2%Operating income−107.9Net income−106.1Fiscal year 2018Revenue270.4 −6.8%Operating income−54.5Net income−88.9Fiscal year 2019Revenue366.2 +35.4%Operating income55.2Net income−0.8EPS, diluted−0.03Fiscal year 2020Revenue421.6 +15.1%Operating income39.9Net income−5.5EPS, diluted−0.20Fiscal year 2021Revenue272.5 −35.4%Operating income−112.1Net income−133.5EPS, diluted−3.48Fiscal year 2022Revenue864.7 +217.3%Operating income442.7Net income387.9EPS, diluted7.77Fiscal year 2023Revenue1,071.8 +24.0%Operating income615.4Net income556.4 +43.5%EPS, diluted11.25 +44.8%Fiscal year 2024Revenue951.6 −11.2%Operating income455.2Net income416.7 −25.1%EPS, diluted8.38 −25.5%Fiscal year 2025Revenue843.3 −11.4%Operating income345.4Net income309.3 −25.8%EPS, diluted6.23 −25.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 398.3 290.1 270.4 366.2 421.6 272.5 864.7 1,071.8 951.6 843.3
Growth −27.2% −6.8% +35.4% +15.1% −35.4% +217.3% +24.0% −11.2% −11.4%
Operating income 7.2 −107.9 −54.5 55.2 39.9 −112.1 442.7 615.4 455.2 345.4
Net income −18.2 −106.1 −88.9 −0.8 −5.5 −133.5 387.9 556.4 416.7 309.3
Growth +43.5% −25.1% −25.8%
EPS, diluted n/a n/a n/a −0.03 −0.20 −3.48 7.77 11.25 8.38 6.23
Growth +44.8% −25.5% −25.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin1.8%Net margin−4.6%Free cash flow margin31.9%Fiscal year 2017Operating margin−37.2%Net margin−36.6%Free cash flow margin−53.8%Fiscal year 2018Operating margin−20.2%Net margin−32.9%Free cash flow margin−59.7%Fiscal year 2019Operating margin15.1%Net margin−0.2%Fiscal year 2020Operating margin9.5%Net margin−1.3%Fiscal year 2021Operating margin−41.1%Net margin−49.0%Fiscal year 2022Operating margin51.2%Net margin44.9%Fiscal year 2023Operating margin57.4%Net margin51.9%Fiscal year 2024Operating margin47.8%Net margin43.8%Fiscal year 2025Operating margin41.0%Net margin36.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 1.8% −37.2% −20.2% 15.1% 9.5% −41.1% 51.2% 57.4% 47.8% 41.0%
Net margin −4.6% −36.6% −32.9% −0.2% −1.3% −49.0% 44.9% 51.9% 43.8% 36.7%
Free cash flow margin 31.9% −53.8% −59.7% n/a n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow129.0Capital expenditure−2.0Free cash flow127.0Fiscal year 2017Operating cash flow17.4Capital expenditure−173.5Free cash flow−156.1 −223.0%Fiscal year 2018Operating cash flow−12.5Capital expenditure−148.9Free cash flow−161.4Fiscal year 2019Operating cash flow87.5Fiscal year 2020Operating cash flow216.1Buybacks−30.0Dividends paid−6.8Fiscal year 2021Operating cash flow−76.2Buybacks−16.7Dividends paid−40.9Fiscal year 2022Operating cash flow287.8Buybacks−20.0Dividends paid−69.8Fiscal year 2023Operating cash flow688.4Buybacks−13.9Dividends paid−308.2Fiscal year 2024Operating cash flow547.1Buybacks−25.0Dividends paid−284.4Fiscal year 2025Operating cash flow380.1Dividends paid−144.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 129.0 17.4 −12.5 87.5 216.1 −76.2 287.8 688.4 547.1 380.1
Capital expenditure −2.0 −173.5 −148.9 n/a n/a n/a n/a n/a n/a n/a
Free cash flow 127.0 −156.1 −161.4 n/a n/a n/a n/a n/a n/a n/a
Growth −223.0%
Buybacks n/a n/a n/a n/a −30.0 −16.7 −20.0 −13.9 −25.0 n/a
Dividends paid n/a n/a n/a n/a −6.8 −40.9 −69.8 −308.2 −284.4 −144.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash92.0Total debt439.7Net cash (debt)−347.7Shareholders’ equity1,179.5Debt to equity0.37Fiscal year 2017Cash60.0Total debt552.9Net cash (debt)−492.9Shareholders’ equity1,085.7Debt to equity0.51Fiscal year 2018Cash58.3Total debt810.7Net cash (debt)−752.4Shareholders’ equity1,009.9Debt to equity0.80Fiscal year 2019Cash89.7Total debt661.1Net cash (debt)−571.4Shareholders’ equity1,022.3Debt to equity0.65Fiscal year 2020Cash199.4Total debt535.8Net cash (debt)−336.4Shareholders’ equity972.0Debt to equity0.55Fiscal year 2021Cash97.9Total debt1,105.0Net cash (debt)−1,007.1Shareholders’ equity1,169.7Debt to equity0.94Fiscal year 2022Cash243.7Total debt1,023.4Net cash (debt)−779.7Shareholders’ equity1,487.8Debt to equity0.69Fiscal year 2023Cash126.8Total debt722.7Net cash (debt)−595.9Shareholders’ equity1,716.8Debt to equity0.42Fiscal year 2024Cash157.5Total debt688.4Net cash (debt)−530.9Shareholders’ equity1,856.0Debt to equity0.37Fiscal year 2025Cash116.9Total debt567.1Net cash (debt)−450.2Shareholders’ equity2,020.3Debt to equity0.28
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 92.0 60.0 58.3 89.7 199.4 97.9 243.7 126.8 157.5 116.9
Total debt 439.7 552.9 810.7 661.1 535.8 1,105.0 1,023.4 722.7 688.4 567.1
Net cash (debt) −347.7 −492.9 −752.4 −571.4 −336.4 −1,007.1 −779.7 −595.9 −530.9 −450.2
Shareholders’ equity 1,179.5 1,085.7 1,009.9 1,022.3 972.0 1,169.7 1,487.8 1,716.8 1,856.0 2,020.3
Debt to equity 0.37 0.51 0.80 0.65 0.55 0.94 0.69 0.42 0.37 0.28

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
92.0 60.0 58.3 89.7 199.4 97.9 243.7 126.8 157.5 116.9
66.9 58.2 94.6 83.8 43.4 107.1 289.8 247.2 185.5 177.9
1.3 3.3 3.1 3.9 3.6 2.1 0.5 1.3 1.9 0.6
1,100.1 1,104.7 1,330.8 1,292.5 1,108.2 1,802.9 1,680.0 1,914.4 2,050.2 2,078.0
n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.0
1,662.5 1,664.5 1,848.6 1,753.5 1,586.5 2,346.8 2,615.3 2,521.8 2,636.4 2,668.6
Growth +0.1% +11.1% −5.1% −9.5% +47.9% +11.4% −3.6% +4.5% +1.2%
Liabilities
6.2 24.1 51.6 70.4 61.5 178.7 162.9 127.4 50.1 25.8
433.5 528.9 759.1 590.7 474.3 926.3 860.6 595.2 638.4 541.3
calc 439.7 552.9 810.7 661.1 535.8 1,105.0 1,023.4 722.7 688.4 567.1
483.0 578.8 838.7 731.2 614.5 1,176.4 1,127.6 805.1 780.3 648.4
Equity
−74.5 −180.5 −269.5 −270.3 −275.8 −409.3 −21.4 226.8 359.1 523.8
1,179.5 1,085.7 1,009.9 1,022.3 972.0 1,169.7 1,487.8 1,716.8 1,856.0 2,020.3
Growth −8.0% −7.0% +1.2% −4.9% +20.3% +27.2% +15.4% +8.1% +8.8%
Per share and net cash
calc −347.7 −492.9 −752.4 −571.4 −336.4 −1,007.1 −779.7 −595.9 −530.9 −450.2
29.2 29.1 29.2 29.3 28.0 49.6 49.1 48.9 49.2 49.4
calc 40.41 37.32 34.60 34.92 34.70 23.58 30.29 35.09 37.73 40.89

Lines marked calc are worked out here from filed figures; point at one for how.