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 Oct 16, 2026, 10:09 UTC 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 '26	$298M	$139M	0.0%	54.5%	6.9%	3.2%	—	$2.0B	$464M
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 8.8× (Nov '26).
The price-to-sales ratio has risen from 0.9× (Jul '24) to 1.8× (Nov '26).
The dividend yield has fallen from 7.9% (Jul '24) to 4.3% (Nov '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?

TSAKOS ENERGY NAVIGATION LTD's P/E (TTM) is 8.76 as of the 2026-11-04 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 TEN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.8× 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.