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STNG

Scorpio Tankers Inc.

STNG

Scorpio Tankers Inc. NYSE
$57.33 -1.00% (-0.58)

Market Cap $2.97 B
52w High $65.52
52w Low $30.63
Dividend Yield 1.62%
P/E 9.57
Volume 2.13M
Outstanding Shares 51.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $241.361M $29.591M $84.452M 34.99% $1.81 $104.41M
Q2-2025 $230.225M $29.614M $73.509M 31.929% $1.59 $134.448M
Q1-2025 $213.984M $28.512M $58.213M 27.204% $1.26 $122.503M
Q4-2024 $203.969M $16.504M $68.557M 33.611% $1.48 $114.351M
Q3-2024 $267.986M $-39.315M $158.705M 59.221% $3.31 $225.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $651.656M $4.029B $955.073M $3.074B
Q2-2025 $566.541M $3.979B $986.683M $2.992B
Q1-2025 $537.644M $3.973B $1.052B $2.921B
Q4-2024 $406.737M $3.834B $967.771M $2.866B
Q3-2024 $289.048M $3.848B $1.008B $2.84B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $84.452M $136.713M $43.677M $-48.247M $132.143M $119.933M
Q2-2025 $73.509M $127.951M $8.391M $-85.211M $51.131M $104.231M
Q1-2025 $58.213M $63.906M $-55.641M $79.086M $87.351M $39.243M
Q4-2024 $68.557M $113.238M $118.682M $-100.341M $131.579M $74.195M
Q3-2024 $158.705M $217.709M $105.147M $-346.504M $-23.648M $187.261M

Five-Year Company Overview

Income Statement

Income Statement Scorpio Tankers has moved from a weak position to very strong profitability over the last five years. Revenue dipped slightly after a very strong 2022, but it remains well above pre‑2022 levels, and profit margins look healthy. Losses in 2021 have turned into solid, consistent earnings in the last three years, with earnings per share growing meaningfully in 2023 and again in 2024. Overall, this looks like a business that is benefiting from a favorable tanker market and has converted that into high operating and net profits, though results remain exposed to the usual shipping and freight rate cycles.


Balance Sheet

Balance Sheet The balance sheet has improved markedly. Debt has been cut down from quite high levels earlier in the period to a much more moderate level recently, while shareholders’ equity has been built up steadily. Total assets have edged down as the company has likely sold older vessels and paid down borrowings, but this appears more like active balance sheet clean‑up than distress. Cash on hand has improved from earlier years and now sits at a more comfortable level. In simple terms, the company looks financially stronger, less leveraged, and better positioned to handle downturns than it was five years ago.


Cash Flow

Cash Flow Cash generation has been a major bright spot. Operating cash flow has been strong in the last three years, and most of that has flowed through to free cash flow because investment spending has been relatively modest after heavier outlays earlier in the period. This indicates that profits are backed by real cash, not just accounting earnings. The company has had enough cash surplus to reduce debt and still invest in its fleet, giving it flexibility for future cycles. The main risk is that cash flows are closely tied to freight rates, which can swing with global trade and energy demand.


Competitive Edge

Competitive Edge Scorpio Tankers appears to enjoy a solid but not unassailable competitive position. Its key advantages are a young, fuel‑efficient fleet and a focus on refined product tankers, which are in demand from major oil companies and traders. The modern ships, many equipped with scrubbers and other efficiency features, can command better charter rates and are attractive to high‑quality customers with strict standards. Commercially, the use of pools and active fleet management helps squeeze more earnings out of each vessel. The industry is still cyclical and competitive, but Scorpio’s scale, modern fleet, and improved balance sheet give it a meaningful edge versus less efficient rivals.


Innovation and R&D

Innovation and R&D Innovation for Scorpio Tankers is very practical and focused on operations rather than lab‑style research. The company invested early in exhaust gas scrubbers and is now rolling out fuel‑emulsion technology that aims to cut both fuel use and emissions, with little upfront cost. It is also experimenting with advanced navigation and autonomous‑assistance systems to improve safety and efficiency. Ongoing fleet renewal—selling older ships and adding newer, more efficient ones—is another form of continuous innovation. These efforts, if they deliver as expected, should support lower operating costs, better environmental compliance, and a stronger appeal to top‑tier customers, though real‑world savings and reliability will need to be watched over time.


Summary

Over the last five years, Scorpio Tankers has transformed from a highly leveraged, occasionally loss‑making shipowner into a strongly profitable, cash‑generative company with a cleaner balance sheet. Earnings and cash flow have been robust in the last three years, and debt has been reduced substantially, giving the business more resilience. Its competitive position rests on a young, efficient fleet, strong customer relationships, and a commercial strategy that aims to maximize vessel utilization and rates. At the same time, this remains a cyclical, asset‑heavy business tied to global refined product demand and shipping markets. The company’s focus on cost‑saving and emissions‑reducing technologies, plus disciplined fleet management, suggests a deliberate attempt to build a durable edge, but results will still depend heavily on future freight rate cycles and regulatory developments in maritime and environmental policy.