TEN Financials TSAKOS ENERGY NAVIGATION LTD

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 82 d ago Overview →

Growth & profitability

Revenue has grown 4.4% per year over the past 5 years.
Net income has grown faster than revenue (46.3% vs 4.4% per year).
Operating margin has expanded, at 31.6% in the latest year.

Financial health

Total debt ($1.8B) exceeds cash ($293M); net debt is $1.5B.
Total debt has grown in line with revenue (3.5% vs 4.4% per year).
Operating income covered interest expense 2.7× in the latest year, up from 1.9× 5 years ago.
Total debt is 4.2× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 37.4% of earnings.
The dividend has grown 5.2% 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	$799M	$161M	0.0%	31.6%	8.8%	4.1%	—	$1.8B	$293M
2024	$804M	$176M	0.0%	34.6%	10.2%	4.8%	—	$1.6B	$343M
2023	$890M	$300M	0.0%	44.0%	18.5%	8.9%	—	$1.4B	$372M
2022	$860M	$204M	0.0%	29.8%	13.9%	6.2%	—	$1.4B	$304M
2021	$546M	-$151M	0.0%	-21.9%	-12.2%	-5.2%	—	$1.4B	$117M
2020	$644M	$24M	0.0%	15.0%	1.8%	0.8%	—	$1.5B	$160M
2019	$597M	$15M	0.0%	14.4%	1.0%	0.5%	—	$1.5B	$185M
2018	$530M	-$99M	0.0%	-5.3%	-6.6%	-3.1%	—	$1.6B	$205M
2017	$529M	$8M	0.0%	12.0%	0.5%	0.2%	—	$1.8B	$190M
2016	$482M	$56M	0.0%	18.6%	4.0%	1.7%	—	$1.8B	$188M
2015	$588M	$158M	0.0%	32.0%	11.3%	5.5%	—	$1.4B	$290M
2014	$501M	$34M	0.0%	15.2%	2.9%	1.2%	—	$1.4B	$202M
2013	$418M	-$37M	0.0%	1.2%	-3.8%	-1.5%	—	$1.4B	$162M
2012	$394M	-$49M	0.0%	0.3%	-5.3%	-2.0%	—	$1.4B	$144M
2011	$395M	-$89M	0.0%	-9.5%	-9.8%	-3.5%	—	$1.5B	$176M

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 '25	$193M	$27M	0.0%	25.9%	1.5%	0.7%	—	$1.7B	$282M
Jun '24	$214M	$76M	0.0%	48.1%	4.5%	2.0%	—	$1.6B	$377M
Jun '23	$221M	$61M	0.0%	37.3%	3.8%	1.8%	—	$1.4B	$529M
Jun '22	$217M	$46M	0.0%	26.5%	3.5%	1.5%	—	$1.3B	$161M
Jun '21	$136M	-$20M	0.0%	-9.4%	-1.5%	-0.6%	—	$1.4B	$129M
Jun '20	$191M	$31M	0.0%	24.6%	2.2%	1.0%	—	$1.5B	$244M
Jun '19	$144M	$305000	0.0%	13.2%	0.0%	0.0%	—	$1.5B	$183M
Jun '18	$124M	-$10M	0.0%	3.1%	-0.6%	-0.3%	—	$1.7B	$273M
Jun '17	$132M	$4M	0.0%	14.6%	0.2%	0.1%	—	$1.8B	$250M
Jun '16	$120M	$16M	0.0%	20.3%	1.2%	0.5%	—	$1.5B	$254M
Jun '15	$154M	$41M	0.0%	31.9%	3.1%	1.5%	—	$1.4B	$279M
Jun '14	$112M	$199000	0.0%	7.5%	0.0%	0.0%	—	$1.4B	$230M
Jun '13	$108M	-$2M	0.0%	8.0%	-0.2%	-0.1%	—	$1.4B	$141M
Jun '12	$99M	-$6M	0.0%	10.2%	-0.6%	-0.2%	—	$1.5B	$213M
Jun '11	$101M	-$18M	0.0%	-1.6%	—	—	—	—	$227M

Valuation over time

How the market has priced TEN against its own fundamentals since 2024-07 — 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 2.6× (Jul '24) to 8.0× (Sep '26).
The price-to-sales ratio has risen from 0.9× (Jul '24) to 1.6× (Sep '26).
The dividend yield has fallen from 8.0% (Jul '24) to 4.7% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TEN growing its revenue and profit?

Over the past 5 years, TSAKOS ENERGY NAVIGATION LTD's revenue has grown 4.4% per year, and net income grown 46.3% per year. These are computed facts, not advice.

How much debt does TEN have?

As of FY2025, TSAKOS ENERGY NAVIGATION LTD reported $1.8B of total debt against $293M of cash; operating income covered interest expense 2.7×.

What is TEN's profit margin?

In FY2025, gross margin was —, operating margin 31.6%, and net margin 20.1%.

What is TEN's P/E ratio?

As of Sep '26, TSAKOS ENERGY NAVIGATION LTD traded at a price-to-earnings ratio of about 8.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.