Nordic American Tankers Ltd (NAT) financials
Nordic American Tankers revenue and earnings by year
Nordic American Tankers's revenue was $292 million in the fiscal year to December 31, 2025, down 16.6% from the year before. Net income was $12.3 million, 4.2% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 2.2% 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 | 292 | 350 | 392 | 339 | 191 | 355 | 317 | 289 | 297 | 357 |
| Revenue growth | -16.6% | -10.7% | 15.4% | 77.6% | -46.1% | 11.8% | 9.8% | -2.7% | -16.9% | — |
| Gross profit | 57 | 106 | 151 | 55 | -73 | 99 | 45 | -17 | -34 | 60 |
| Gross margin | 19.6% | 30.3% | 38.5% | 16.2% | -38.3% | 27.9% | 14.3% | -5.9% | -11.3% | 16.9% |
| Operating income | 46 | 77 | 128 | 42 | -149 | 81 | 32 | -39 | -176 | 53 |
| Operating margin | 15.6% | 22.1% | 32.7% | 12.3% | -78.1% | 22.9% | 10.1% | -13.4% | -59.1% | 14.9% |
| Net income | 12 | 47 | 99 | 15 | -171 | 50 | -10 | -95 | -205 | -4 |
| Net margin | 4.2% | 13.3% | 25.2% | 4.5% | -89.7% | 14.1% | -3.3% | -33.0% | -69.0% | -1.2% |
| Diluted EPS | $0.06 | $0.22 | $0.47 | $0.07 | -$1.05 | $0.34 | -$0.07 | -$0.67 | -$1.97 | -$0.05 |
| Free cash flow | -68 | 126 | 66 | 10 | -48 | 93 | 50 | -101 | -6 | -61 |
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 NAT in Markets.
See also: NAT valuation and P/E history · NAT returns
No forecast, no recommendation. This page describes Nordic American Tankers Ltd 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.