INSW Financials International Seaways, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 16, 2026, 10:14 UTC Overview →

Growth & profitability

Revenue has grown 14.9% per year over the past 5 years.
Operating margin has expanded, at 41.0% in the latest year.

Financial health

Total debt ($567M) exceeds cash ($117M); net debt is $450M.
Total debt has grown slower than revenue (1.1% vs 14.9% per year).
Operating income covered interest expense 8.1× in the latest year.
Total debt is 1.1× EBITDA.

Shareholder returns

Dividends have been paid for 6 consecutive years, consuming 46.8% of earnings.
The dividend has grown 84.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$843M	$309M	0.0%	41.0%	15.3%	11.6%	—	$567M	$117M
2024	$952M	$417M	0.0%	47.8%	22.5%	15.8%	—	$688M	$158M
2023	$1.1B	$556M	0.0%	57.4%	32.4%	22.1%	—	$723M	$127M
2022	$865M	$388M	0.0%	51.2%	26.1%	14.8%	—	$1.0B	$244M
2021	$273M	-$135M	0.0%	-41.1%	-11.5%	-5.7%	—	$1.1B	$98M
2020	$422M	-$6M	0.0%	9.5%	-0.6%	-0.3%	—	$536M	$199M
2019	$366M	-$830000	0.0%	15.1%	-0.1%	-0.0%	—	$661M	$90M
2018	$270M	-$89M	0.0%	-20.2%	-8.8%	-4.8%	-$161M	$811M	$58M
2017	$290M	-$106M	0.0%	-37.2%	-9.8%	-6.4%	-$156M	$553M	$60M
2016	—	-$18M	—	—	-1.5%	-1.1%	$127M	$440M	$92M
2015	—	$173M	—	—	12.5%	8.5%	—	$595M	$309M
2014	—	-$119M	—	—	-8.6%	—	—	—	$178M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$467M	$295M	0.0%	64.5%	13.0%	9.8%	—	$646M	$159M
Mar '26	$325M	$286M	0.0%	88.7%	13.0%	10.0%	—	$602M	$142M
Dec '25	$268M	$128M	0.0%	51.6%	6.3%	4.8%	—	$567M	$117M
Sep '25	$196M	$71M	0.0%	40.1%	3.6%	2.5%	—	$792M	$413M
Jun '25	$196M	$62M	0.0%	35.5%	3.2%	2.4%	—	$547M	$149M
Mar '25	$183M	$50M	0.0%	32.3%	2.7%	1.9%	—	$595M	$133M
Dec '24	$195M	$36M	0.0%	23.1%	1.9%	1.4%	—	$688M	$158M
Sep '24	$225M	$92M	0.0%	44.8%	4.9%	3.5%	—	$651M	$103M
Jun '24	$257M	$145M	0.0%	60.1%	7.7%	5.4%	—	$713M	$176M
Mar '24	$274M	$144M	0.0%	56.3%	8.1%	5.7%	—	$692M	$140M
Dec '23	$251M	$132M	0.0%	58.7%	7.7%	5.2%	—	$723M	$127M
Sep '23	$242M	$98M	0.0%	47.2%	5.9%	3.8%	—	$842M	$139M
Jun '23	$292M	$154M	0.0%	57.7%	9.5%	5.8%	—	$978M	$116M
Mar '23	$287M	$173M	0.0%	64.5%	11.1%	6.7%	—	$933M	$156M
Dec '22	$338M	$218M	0.0%	68.8%	14.7%	8.4%	—	$1.0B	$244M
Sep '22	$237M	$113M	0.0%	54.2%	8.5%	4.6%	—	$1.1B	$174M
Jun '22	$188M	$69M	0.0%	46.4%	5.6%	2.9%	—	$1.1B	$231M
Mar '22	$101M	-$13M	0.0%	-5.5%	-1.1%	-0.5%	-$23M	$1.1B	$75M
Dec '21	$95M	-$34M	0.0%	-21.2%	-2.9%	-1.4%	—	$1.1B	$98M
Sep '21	$85M	-$67M	0.0%	-74.1%	-5.5%	-2.8%	—	$1.1B	$109M

Valuation over time

How the market has priced INSW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 5.3× (Mar '23) to 16.9× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 6.2× (Nov '26).
The dividend yield has fallen from 3.4% (Mar '23) to 2.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is INSW growing its revenue and profit?

Over the past 5 years, International Seaways, Inc.'s revenue has grown 14.9% per year. These are computed facts, not advice.

How much debt does INSW have?

As of FY2025, International Seaways, Inc. reported $567M of total debt against $117M of cash; operating income covered interest expense 8.1×.

What is INSW's profit margin?

In FY2025, gross margin was —, operating margin 41.0%, and net margin 36.7%.

What is INSW's P/E ratio?

International Seaways, Inc.'s P/E (TTM) is 6.72 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the INSW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.