INSW (International Seaways, Inc.) Stock Financials & Earnings | Market Cap Arena

INSW (International Seaways, Inc.) Stock Financials & Earnings | Market Cap Arena

INSWInternational Seaways, Inc.

Mkt Cap$4B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$843M

Net Income (TTM)$309M

EPS (TTM)$6.23

Free Cash Flow (TTM)-$273M

Gross Margin47.2%

Op. Margin42.4%

Net Margin36.7%

FCF Margin-32.3%

P/S Ratio (TTM)4.4x

P/E Ratio (TTM)12.0x

YoY Rev Growth-11.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$287M	$186M	$185M
Q2 23	$292M	$180M	$169M
Q3 23	$242M	$127M	$114M
Q4 23	$251M	$134M	$147M
Q1 24	$274M	$167M	$154M
Q2 24	$257M	$141M	$155M
Q3 24	$225M	$140M	$101M
Q4 24	$195M	$69M	$45M
Q1 25	$183M	$62M	$59M
Q2 25	$196M	$70M	$58M
Q3 25	$196M	$120M	$108M
Q4 25	$268M	$145M	$132M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.5x	6.5x
Q2 23	3.2x	5.6x
Q3 23	3.2x	5.8x
Q4 23	3.5x	6.7x
Q1 24	3.5x	7.0x
Q2 24	3.6x	7.2x
Q3 24	3.7x	7.2x
Q4 24	3.9x	8.9x
Q1 25	4.3x	11.6x
Q2 25	4.7x	15.6x
Q3 25	4.8x	17.1x
Q4 25	4.4x	12.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$221M	$154M
Q2 23	$194M	$72M
Q3 23	$148M	$144M
Q4 23	$125M	$112M
Q1 24	$156M	$129M
Q2 24	$168M	-$9M
Q3 24	$129M	$115M
Q4 24	$94M	$26M
Q1 25	$70M	-$13M
Q2 25	$86M	$68M
Q3 25	$78M	-$9M
Q4 25	-$234M	-$317M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$67M
Q2 23	$121M
Q3 23	$5M
Q4 23	$13M
Q1 24	$27M
Q2 24	$177M
Q3 24	$14M
Q4 24	$68M
Q1 25	$83M
Q2 25	$18M
Q3 25	$88M
Q4 25	$83M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+182.9%	+0.3%
Q2 23	+55.3%	+16.6%
Q3 23	+2.1%	+17.6%
Q4 23	-25.9%	-1.8%
Q1 24	-4.4%	+17.8%
Q2 24	-11.9%	-16.9%
Q3 24	-6.8%	-2.6%
Q4 24	-22.4%	+44.6%
Q1 25	-33.2%	+3.5%
Q2 25	-24.0%	+33.9%
Q3 25	-12.8%	-28.6%
Q4 25	+37.6%	-9.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.7%
Q2 23	$2M	0.7%
Q3 23	$2M	0.8%
Q4 23	$3M	1.0%
Q1 24	$2M	0.6%
Q2 24	$2M	0.8%
Q3 24	$2M	0.9%
Q4 24	$3M	1.7%
Q1 25	$2M	1.1%
Q2 25	$2M	0.9%
Q3 25	$2M	1.0%
Q4 25	-$6M	-2.2%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$11M	—	—
Q2 23	$12M	—	—
Q3 23	$12M	—	—
Q4 23	$12M	—	—
Q1 24	$12M	—	—
Q2 24	$12M	—	—
Q3 24	$13M	—	—
Q4 24	$15M	—	—
Q1 25	$13M	—	—
Q2 25	$12M	—	—
Q3 25	$12M	$227K	—
Q4 25	—	—	$13M

Revenue Segments

Quarter	Pool Revenue Leases	Time and Bareboat Charter Leases	Voyage Charter Leases
Q1 23	$260M	$13M	$14M
Q2 23	$248M	$26M	$19M
Q3 23	$194M	$28M	$20M
Q1 24	$226M	$31M	$17M
Q2 24	$208M	$31M	$19M
Q3 24	$170M	$37M	$18M
Q1 25	$138M	$36M	$10M
Q2 25	$149M	$37M	$10M
Q3 25	$146M	$39M	$11M
Q4 25	$209M	$46M	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$156M	$105M	$261M
Q2 23	$116M	$120M	$236M
Q3 23	$139M	$75M	$214M
Q4 23	$127M	$60M	$187M
Q1 24	$140M	$75M	$215M
Q2 24	$176M	$0	$176M
Q3 24	$103M	$50M	$153M
Q4 24	$158M	$0	$158M
Q1 25	$133M	$0	$133M
Q2 25	$149M	$0	$149M
Q3 25	$413M	$0	$413M
Q4 25	$117M	$50M	$167M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	50M	+0.1%
Q2 23	49M	-0.5%
Q3 23	49M	-0.3%
Q4 23	49M	+0.1%
Q1 24	49M	+0.1%
Q2 24	50M	+0.7%
Q3 24	50M	+0.3%
Q4 24	50M	-0.7%
Q1 25	50M	-0.0%
Q2 25	49M	-0.1%
Q3 25	50M	+0.3%
Q4 25	50M	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	$261K	2K
FY 17	$184K	2K
FY 18	$165K	2K
FY 19	$220K	2K
FY 20	$552K	764
FY 21	$132K	2K
FY 22	$480K	2K
FY 23	$397K	3K
FY 24	$337K	3K
FY 25	$305K	3K