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NAT (Nordic American Tankers Limited) Stock Financials & Earnings | Market Cap Arena
NAT
Nordic American Tankers Limited
Mkt Cap
$1B
Industrials
·
Marine Shipping
·
🇧🇲 Bermuda
·
NYSE
Revenue (TTM)
$292M
Net Income (TTM)
$12M
EPS (TTM)
$0.06
Free Cash Flow (TTM)
-$117M
Gross Margin
19.8%
Op. Margin
9.9%
Net Margin
4.2%
FCF Margin
-39.9%
P/S Ratio (TTM)
4.0x
P/E Ratio (TTM)
95.6x
YoY Rev Growth
-16.4%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$121M
$60M
$55M
Q2 23
$99M
$39M
$34M
Q3 23
$78M
$21M
$14M
Q4 23
$59M
$30M
$25M
Q1 24
$95M
$31M
$23M
Q2 24
$98M
$35M
$29M
Q3 24
$82M
$22M
$16M
Q4 24
$74M
$18M
$9M
Q1 25
$65M
$8M
$1M
Q2 25
$67M
$7M
$434K
Q3 25
$75M
$14M
$7M
Q4 25
$86M
$29M
$20M
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Revenue Breakdown
NAT
Nordic American Tankers Limited
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.2x
13.2x
Q2 23
3.0x
9.8x
Q3 23
3.2x
10.0x
Q4 23
3.3x
11.9x
Q1 24
3.5x
17.5x
Q2 24
3.5x
19.0x
Q3 24
3.5x
18.7x
Q4 24
3.4x
25.2x
Q1 25
3.7x
32.7x
Q2 25
4.1x
87.7x
Q3 25
4.2x
614.8x
Q4 25
4.0x
95.6x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$51M
$51M
Q2 23
$48M
$48M
Q3 23
$27M
$27M
Q4 23
$13M
-$60M
Q1 24
$38M
$37M
Q2 24
$33M
$31M
Q3 24
$35M
$34M
Q4 24
$19M
$19M
Q1 25
-$849K
-$1M
Q2 25
$1M
-$134M
Q3 25
$4M
$4M
Q4 25
$15M
$15M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$217K
Q2 23
$130K
Q3 23
$137K
Q4 23
$73M
Q1 24
$186K
Q2 24
$2M
Q3 24
$471K
Q4 24
$86K
Q1 25
$284K
Q2 25
$135M
Q3 25
$42K
Q4 25
$752K
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+146.5%
-3.1%
Q2 23
+32.3%
-11.2%
Q3 23
-25.2%
-28.0%
Q4 23
-16.7%
+4.9%
Q1 24
-21.5%
+8.2%
Q2 24
-1.3%
+5.5%
Q3 24
+4.8%
+3.1%
Q4 24
+25.6%
+89.5%
Q1 25
-32.0%
-12.2%
Q2 25
-31.8%
-3.3%
Q3 25
-8.8%
+3.4%
Q4 25
+15.4%
-0.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$1M
1.2%
Q3 23
$0
0.0%
Q4 23
$2M
3.7%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$2M
2.5%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$6M
Q2 23
$5M
Q3 23
$6M
Q4 23
$6M
Q1 24
$8M
Q2 24
$6M
Q3 24
$6M
Q4 24
$9M
Q1 25
$7M
Q2 25
$6M
Q3 25
$7M
Q4 25
$9M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$57M
$0
$57M
Q2 23
$96M
$0
$96M
Q3 23
$69M
$0
$69M
Q4 23
$33M
$0
$33M
Q1 24
$50M
$0
$50M
Q2 24
$41M
$7M
$48M
Q3 24
$40M
$0
$40M
Q4 24
$39M
$0
$39M
Q1 25
$103M
$0
$103M
Q2 25
$94M
$0
$94M
Q3 25
$68M
$0
$68M
Q4 25
$46M
$0
$46M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
209M
+0.0%
Q2 23
209M
+0.0%
Q3 23
209M
+0.0%
Q4 23
209M
+0.0%
Q1 24
209M
+0.0%
Q2 24
209M
+0.0%
Q3 24
209M
+0.0%
Q4 24
211M
+0.8%
Q1 25
212M
+0.6%
Q2 25
212M
+0.0%
Q3 25
212M
+0.0%
Q4 25
212M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$176M
2
FY 15
$223M
2
FY 16
$179M
2
FY 17
$14M
21
FY 18
$14M
20
FY 19
$16M
20
FY 20
$15M
23
FY 21
$10M
19
FY 22
$16M
21
FY 23
$23M
17
FY 24
$23M
15
FY 25
$19M
15
marketcaparena.com