International Seaways, Inc. (INSW) Financial Statements
Industry: Water Transportation
In fiscal 2025, International Seaways reported revenue of $843.3M, down 11.4% from $951.6M the year before. Net income was $309.3M (a 36.7% net margin), or $6.23 per diluted share. Gross margin was 41.0% and operating margin was 41.0%. Operating activities generated $380.1M of cash, leaving $377.2M of free cash flow. At fiscal year end, International Seaways held $2.67B in total assets against $648.4M in total liabilities, including $116.9M of cash and equivalents.
Open the full interactive International Seaways financials → Quarterly statements, key ratios, valuation history and price charts.
International Seaways Key Stats
| Share Price | $125.04 |
|---|---|
| Market Cap | $6.23B |
| P/E Ratio | 20.1 |
| Dividend Yield | 6.61% |
| Revenue YoY Growth | -11.4% |
| 52-Week Range | $37.13 – $125.04 |
| Shares Outstanding | 49.5 million (basic, 2026 Q2) |
International Seaways Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $421.6M | $272.5M | $864.7M | $1.07B | $951.6M | $843.3M |
| Cost of Goods Sold | $381.8M | $384.7M | $422.0M | $456.3M | $496.4M | $497.9M |
| Gross Profit | $39.9M | -$112.1M | $442.7M | $615.4M | $455.2M | $345.4M |
| Operating Income | $39.9M | -$112.1M | $442.7M | $615.4M | $455.2M | $345.4M |
| Pre-Tax Income | -$5.5M | -$133.0M | $388.0M | $560.3M | $415.6M | $308.9M |
| Income Tax | $1,000 | $1.6M | $88,000 | $3.9M | -$1.1M | -$411,000 |
| Net Income | -$5.5M | -$133.5M | $387.9M | $556.4M | $416.7M | $309.3M |
| Diluted EPS | -$0.20 | -$3.48 | $7.77 | $11.25 | $8.38 | $6.23 |
International Seaways Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $196.4M | $267.9M | $325.5M | $467.3M |
| Net Income | $70.5M | $127.5M | $286.1M | $294.9M |
| Diluted EPS | $1.42 | $2.57 | $5.75 | $5.91 |
International Seaways Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $199.4M | $97.9M | $243.7M | $126.8M | $157.5M | $116.9M |
| Current Assets | $256.8M | $224.5M | $642.6M | $465.0M | $376.3M | $367.0M |
| Total Assets | $1.59B | $2.35B | $2.62B | $2.52B | $2.64B | $2.67B |
| Current Liabilities | $108.9M | $234.6M | $257.4M | $195.6M | $130.9M | $98.9M |
| Total Long-Term Debt | $535.8M | $1.10B | $1.02B | $722.7M | $688.4M | $567.1M |
| Total Liabilities | $614.5M | $1.18B | $1.13B | $805.1M | $780.3M | $648.4M |
| Shareholders' Equity | $972.0M | $1.17B | $1.49B | $1.72B | $1.86B | $2.02B |
International Seaways Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $216.1M | -$76.2M | $287.8M | $688.4M | $547.1M | $380.1M |
| Cash From Investing | $32.4M | $133.3M | $42.8M | -$124.3M | -$155.0M | -$141.3M |
| Cash From Financing | -$183.1M | -$173.8M | -$185.8M | -$681.1M | -$361.4M | -$279.3M |
| Free Cash Flow | — | — | $284.8M | $685.4M | $544.1M | $377.2M |
| Dividends Paid | $6.8M | $40.9M | $69.8M | $308.2M | $284.4M | $144.6M |
Figures from International Seaways' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full International Seaways financials page for every line item.
International Seaways Company Profile
| Ticker | INSW |
|---|---|
| Exchange | NYSE |
| Industry | Water Transportation |
| Headquarters | New York, New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001679049 |
Frequently Asked Questions
What was International Seaways' revenue in fiscal 2025?
International Seaways (INSW) reported revenue of $843.3M for fiscal 2025.
What is International Seaways' annual revenue history?
International Seaways' annual revenue by fiscal year: 2020: $421.6M; 2021: $272.5M; 2022: $864.7M; 2023: $1.07B; 2024: $951.6M; 2025: $843.3M.
What was International Seaways' net income in fiscal 2025?
International Seaways reported net income of $309.3M for fiscal 2025.
What was International Seaways' earnings per share (EPS) in fiscal 2025?
International Seaways' diluted EPS was $6.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did International Seaways generate in fiscal 2025?
International Seaways generated $377.2M of free cash flow in fiscal 2025.
What was International Seaways' revenue last quarter?
In its most recent reported quarter (2026 Q2), International Seaways reported revenue of $467.3M.
How much debt does International Seaways have?
International Seaways reported $567.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of International Seaways are outstanding?
International Seaways reported a weighted average of 49.5 million basic shares outstanding in 2026 Q2.
What is International Seaways' market cap?
Based on its latest closing price, International Seaways (INSW) has a market capitalization of about $6.23B.
When does International Seaways' fiscal year end?
International Seaways' fiscal year end, as registered with the SEC, is December 31.
Where is International Seaways headquartered?
International Seaways lists its business address in New York, New York in its SEC filings.