Logo

INSW

International Seaways, Inc.

INSW

International Seaways, Inc. • NYSE
$52.97 ▼ -0.23% (-0.12)
Market Cap $2.62 B
52w High $55.18
52w Low $27.20
Dividend Yield 3.27%
P/E 12.07
Volume 319.18K
Outstanding Shares 49.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $196.388M ▲ $11.804M ▼ $70.546M ▲ 35.922% ▲ $1.43 ▲ $191.885M ▲
Q2-2025 $195.641M ▲ $12.165M ▲ $61.646M ▲ 31.51% ▲ $1.25 ▲ $111.753M ▲
Q1-2025 $183.394M ▼ $3.291M ▼ $49.565M ▲ 27.027% ▲ $1 ▲ $101.318M ▲
Q4-2024 $194.613M ▼ $23.963M ▼ $35.823M ▼ 18.407% ▼ $0.73 ▼ $79.633M ▼
Q3-2024 $225.19M $39.216M $91.688M 40.716% $1.85 $145.38M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $413.572M ▲ $2.79B ▲ $855.791M ▲ $1.934B ▲
Q2-2025 $148.807M ▲ $2.523B ▼ $623.436M ▼ $1.9B ▲
Q1-2025 $132.769M ▼ $2.542B ▼ $673.548M ▼ $1.869B ▲
Q4-2024 $157.506M ▲ $2.636B ▲ $780.349M ▲ $1.856B ▼
Q3-2024 $153.309M $2.588B $713.216M $1.875B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $70.546M ▲ $78.325M ▼ $-21.006M ▼ $206.443M ▲ $263.762M ▲ $-9.417M ▼
Q2-2025 $61.646M ▲ $85.779M ▲ $9.571M ▼ $-79.312M ▲ $16.038M ▲ $67.697M ▲
Q1-2025 $49.565M ▲ $69.947M ▼ $36.915M ▲ $-131.599M ▼ $-24.737M ▼ $-13.402M ▼
Q4-2024 $35.823M ▼ $93.622M ▼ $-17.931M ▲ $-21.494M ▲ $54.197M ▲ $25.911M ▼
Q3-2024 $91.688M $129.135M $-40.671M $-161.296M $-72.832M $115.342M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Pool Revenue Leases
Pool Revenue Leases
 $350.00M ▲$140.00M ▼$150.00M ▲$150.00M ▲
Time and Bareboat Charter Leases
Time and Bareboat Charter Leases
 $70.00M ▲$40.00M ▼$40.00M ▲$40.00M ▲
Voyage Charter Leases
Voyage Charter Leases
 $30.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have grown sharply over the last few years after a weak patch during the pandemic, reflecting a much stronger tanker market and better fleet utilization. Profitability has been solid recently, with healthy margins, though the latest year shows a step down from the prior peak, which hints that earnings are sensitive to shifts in freight rates and demand. Overall, the income statement now looks robust but still cyclical, tied closely to global oil flows and shipping conditions.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully, with equity building up over time and leverage moving down from earlier, heavier debt levels. Assets have grown as the fleet has expanded and modernized, while cash reserves remain modest but adequate given the improved profitability. The company appears better positioned to handle downturns than in the past, though it still operates in a capital‑intensive, asset‑heavy business that requires ongoing discipline around debt and vessel values.

Cash Flow

Cash Flow Cash generation from operations has improved dramatically compared with a few years ago, moving from occasional shortfalls to consistently solid inflows in the last three years. Free cash flow has turned reliably positive even after increased spending on new and upgraded vessels, which suggests that recent earnings are translating into real cash. The main watchpoint is that these strong cash flows rely on a favorable rate environment, so they may fluctuate if tanker markets soften.

Competitive Edge

Competitive Edge International Seaways now operates as one of the larger listed tanker owners, with a broad mix of crude and product tankers that helps smooth out volatility between segments. Its combination of long‑term charters and spot exposure gives it both stability and upside when markets are strong, while a healthier balance sheet provides resilience versus more leveraged peers. Additional services like ship‑to‑ship lightering and participation in commercial pools add differentiation and scale, though competition remains intense and heavily driven by global trade and regulation rather than branding.

Innovation and R&D

Innovation and R&D The company’s “R&D” is mainly expressed through fleet technology and environmental strategy rather than lab research. It has invested in dual‑fuel LNG ships, scrubbers, and “dual‑fuel ready” newbuilds, and it is working with a specialist partner on a detailed decarbonization roadmap. This positions the fleet to comply with tightening emissions rules and potentially benefit from fuel‑cost advantages, though the long‑term winner among alternative fuels is still uncertain and may require further investment and adaptation.

Summary

International Seaways has transitioned from a period of losses and balance sheet strain to one of solid profitability, stronger cash flow, and reduced leverage, supported by a firmer tanker market and a larger, more efficient fleet. Its competitive stance is underpinned by scale, fleet diversity, and a thoughtful chartering mix, while its investments in cleaner and more flexible ships aim to future‑proof the business against regulatory and environmental shifts. The main risks center on the inherent cyclicality of tanker rates, dependence on global oil trade, and the cost and complexity of the energy transition, but the company now appears better equipped than in prior years to navigate those swings and invest for the long term.

NEWS

November 6, 2025 · 6:45 AM UTC

International Seaways Reports Third Quarter 2025 Results

Read more

October 22, 2025 · 5:00 PM UTC

International Seaways to Announce Third Quarter 2025 Results on November 6, 2025

Read more

September 9, 2025 · 4:30 PM UTC

International Seaways, Inc. Announces Successful Placement of 5-Year Senior Unsecured Bonds

Read more