International Seaways, Inc. (INSW) — Financial statements
Income statement, balance sheet, and cash flow for International Seaways, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 843↓11.4% | 952↓11.2% | 1,072↑24.0% | 865↑217.3% | 273 | |
| Cost of Revenue | 487↑2.8% | 473↑6.6% | 444↑12.7% | 394↑27.0% | 310 | |
| Gross Profit | 357↓25.4% | 478↓23.8% | 628↑33.4% | 471↑1344.6% | -38 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 50↓4.5% | 53↑10.8% | 47↑2.4% | 46↑39.5% | 33 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 50↓4.5% | 53↑10.8% | 47↑2.4% | 46↑39.5% | 33 | |
| Other Expenses | 0.00↑100.0% | -30↑16.1% | -35↓84.2% | -19↓199.7% | 19 | |
| Operating Expenses | 50↑119.0% | 23↑89.5% | 12↓55.4% | 27↓48.3% | 52 | |
| Total Costs & Expenses | 537↑8.2% | 496↑8.8% | 456↑8.3% | 421↑16.1% | 363 | |
| Operating Results | ||||||
| Operating Income | 306↓32.7% | 455↓26.0% | 615↑38.8% | 443↑591.0% | -90 | |
| Depreciation & Amortization | 164↑9.5% | 149↑15.8% | 129↑16.9% | 110↑27.4% | 87 | |
| EBITDA | 515↓16.2% | 615↓18.6% | 755↑35.8% | 556↑5909.5% | -10 | |
| EBIT | 352↓24.5% | 465↓25.7% | 626↑40.5% | 446↑563.1% | -96 | |
| Interest & Other Income | ||||||
| Net Interest Income | -35↑11.8% | -40↑23.2% | -52↑4.2% | -54↓47.4% | -37 | |
| Interest Income | 8↓23.3% | 10↓29.0% | 14↑282.2% | 4↑3412.5% | 0.10 | |
| Interest Expense | 43↓14.1% | 50↓24.4% | 66↑13.9% | 58↑56.9% | 37 | |
| Non-Operating Income | -45↓346.4% | -10↑5.0% | -11↓356.8% | -2↓139.2% | 6 | |
| Other Income / Expenses | 2↑106.2% | -40↑28.2% | -55↑0.5% | -55↓29.6% | -43 | |
| Income Before Tax | 309↓25.7% | 416↓25.8% | 560↑44.4% | 388↑391.6% | -133 | |
| Income Tax Expense | -0.41↑62.1% | -1↓128.0% | 4↑4306.8% | 0.09↓94.6% | 2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 309↓25.8% | 417↓25.1% | 556↑43.5% | 388↑388.1% | -135 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 309↓25.8% | 417↓25.1% | 556↑43.5% | 388↑390.6% | -133 | |
| Bottom-Line Net Income | 309↓25.8% | 417↓25.1% | 556↑43.5% | 387↑389.9% | -134 | |
| EPS (Basic) | 6.27↓25.9% | 8.46↓25.5% | 11.35↑44.4% | 7.86↑323.9% | -3.51 | |
| EPS (Diluted) | 6.23↓25.7% | 8.39↓25.4% | 11.25↑44.6% | 7.78↑321.7% | -3.51 | |
| Weighted Average Shares | 49↑0.1% | 49↑0.6% | 49↓0.8% | 49↑28.6% | 38 | |
| Weighted Average Diluted Shares | 50↓0.2% | 50↑0.5% | 49↓0.8% | 50↑29.8% | 38 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.