International Seaways Inc (INSW) financials
International Seaways revenue and earnings by year
International Seaways's revenue was $843 million in the fiscal year to December 31, 2025, down 11.4% from the year before. Net income was $309 million, 36.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 8.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.84 | 0.95 | 1.07 | 0.86 | 0.27 | 0.42 | 0.37 | 0.27 | 0.29 | 0.40 |
| Revenue growth | -11.4% | -11.2% | 24.0% | 217.3% | -35.4% | 15.1% | 35.4% | -6.8% | -27.2% | — |
| Gross profit | 0.52 | 0.63 | 0.76 | 0.58 | 0.05 | 0.24 | 0.16 | 0.06 | 0.09 | 0.21 |
| Gross margin | 61.7% | 66.0% | 70.6% | 67.2% | 17.9% | 57.8% | 43.5% | 23.4% | 31.7% | 51.6% |
| Operating income | 0.35 | 0.46 | 0.62 | 0.44 | -0.11 | 0.04 | 0.05 | -0.06 | -0.10 | 0.01 |
| Operating margin | 41.0% | 47.9% | 57.5% | 51.3% | -41.1% | 9.5% | 14.8% | -21.1% | -36.0% | 1.4% |
| Net income | 0.31 | 0.42 | 0.56 | 0.39 | -0.13 | -0.01 | -0.00 | -0.09 | -0.11 | -0.02 |
| Net margin | 36.7% | 43.8% | 51.9% | 44.9% | -49.0% | -1.3% | -0.2% | -32.9% | -36.6% | -4.6% |
| Diluted EPS | $6.23 | $8.38 | $11.25 | $7.77 | -$3.48 | -$0.20 | -$0.03 | -$3.05 | -$3.64 | -$0.63 |
| Free cash flow | 0.28 | 0.34 | 0.55 | 0.27 | -0.16 | 0.19 | 0.07 | -0.03 | -0.14 | 0.13 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open INSW in Markets.
How International Seaways makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Pool Revenue Leases | $256M | 54.7% |
| Voyage Charter Leases | $123M | 26.4% |
| Time & Bareboat Charter Leases | $88.6M | 19.0% |
See also: INSW valuation and P/E history · INSW returns
No forecast, no recommendation. This page describes International Seaways Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.