TEN (Tsakos Energy Navigation Limited) Stock Financials & Earnings | Market Cap Arena

TEN (Tsakos Energy Navigation Limited) Stock Financials & Earnings | Market Cap Arena

TENTsakos Energy Navigation Limited

Mkt Cap$1B

Energy·Oil & Gas Midstream· Greece·NYSE

Revenue (TTM)$799M

Net Income (TTM)$161M

EPS (TTM)$4.46

Free Cash Flow (TTM)-$503M

Gross Margin35.3%

Op. Margin30.5%

Net Margin20.1%

FCF Margin-62.9%

P/S Ratio (TTM)1.5x

P/E Ratio (TTM)7.3x

YoY Rev Growth-0.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$261M	$125M	$199M
Q2 23	$221M	$95M	$83M
Q3 23	$187M	$59M	$53M
Q4 23	$220M	$91M	$57M
Q1 24	$202M	$67M	$76M
Q2 24	$214M	$78M	$103M
Q3 24	$200M	$71M	$57M
Q4 24	$188M	$58M	$42M
Q1 25	$197M	$67M	$61M
Q2 25	$193M	$64M	$50M
Q3 25	$186M	$61M	$52M
Q4 25	$222M	$91M	$81M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.2x	3.1x
Q2 23	1.2x	3.0x
Q3 23	1.2x	3.2x
Q4 23	1.3x	3.9x
Q1 24	1.4x	6.6x
Q2 24	1.4x	6.0x
Q3 24	1.4x	6.2x
Q4 24	1.4x	6.6x
Q1 25	1.5x	7.3x
Q2 25	1.5x	10.6x
Q3 25	1.5x	9.6x
Q4 25	1.5x	7.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$9M	-$73M
Q4 22	$200M	$200M
Q1 23	$115M	$115M
Q2 23	$143M	$143M
Q3 23	$45M	$45M
Q4 23	$92M	$92M
Q1 24	$75M	$75M
Q2 24	$85M	$85M
Q3 24	$60M	$60M
Q4 24	$88M	-$562M
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q3 22	$82M
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+74.5%	-55.7%
Q2 23	+2.2%	-13.0%
Q3 23	-16.6%	-14.3%
Q4 23	-18.5%	+10.6%
Q1 24	-22.8%	+102.0%
Q2 24	-3.3%	-20.0%
Q3 24	+7.2%	+7.1%
Q4 24	-14.5%	-10.8%
Q1 25	-2.3%	+8.8%
Q2 25	-9.7%	+28.6%
Q3 25	-7.0%	-6.0%
Q4 25	+18.0%	-3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$5M	2.2%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$7M	—
Q2 23	$12M	—
Q3 23	$6M	—
Q4 23	$8M	—
Q1 24	$7M	—
Q2 24	$8M	—
Q3 24	$14M	—
Q4 24	$16M	—
Q1 25	$10M	—
Q2 25	—	$13M
Q3 25	$9M	—
Q4 25	—	$10M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$201M	$0	$201M
Q4 22	$309M	$0	$309M
Q1 23	$476M	$0	$476M
Q2 23	$534M	$0	$534M
Q3 23	$394M	$0	$394M
Q4 23	$377M	$0	$377M
Q1 24	$344M	$0	$344M
Q2 24	$382M	$95M	$476M
Q3 24	$386M	$0	$386M
Q4 24	$348M	$0	$348M
Q1 25	$350M	$0	$350M
Q2 25	$287M	$0	$287M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	30M	+1.1%
Q2 23	30M	+0.0%
Q3 23	30M	+0.0%
Q4 23	30M	+0.0%
Q1 24	30M	+0.0%
Q2 24	30M	+0.0%
Q3 24	30M	+0.4%
Q4 24	30M	+0.1%
Q1 25	30M	+0.1%
Q2 25	30M	+0.0%
Q3 25	30M	+0.5%
Q4 25	30M	+0.0%