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International Seaways, Inc. (INSW) stock

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NYSE: INSW NYSE Marine Transportation Next results ~November 5, 2026

B+ Fundamentals grade

International Seaways, Inc. is a US-listed company in the marine transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($348.62) is 3.28x the share price ($106.44) and 2.66x the median of our other models ($131.20); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($348.62) is 3.28x the share price ($106.44) and 2.66x the median of our other models ($131.20); the other models don't support a gap this wide. We'll show the comparison once resolved.

International Seaways, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 54 sales by directors and officers, last 12 monthsInsider trades
  • Funds222 adding, 131 cuttingOf 47 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter International Seaways files

Where International Seaways stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.26bn, up 57.4% on a year earlier, faster than the 14.5% growth a quarter earlier. Free-cash-flow margin rose to 50.3% from 47.2% a year earlier. Operating margin widened to 64.2% from 34.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 6 of our 7 financial-health checks.

Our model value for International Seaways is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

International Seaways, Inc.'s trailing-twelve-month revenue grew 57.4% year on year, with a free-cash-flow margin of 50.3%. Where it stands out: net margin of 62.0% ranks 1 of 42 marine transportation companies we cover. Where it lags: days sales outstanding of 89 days ranks 32 of 33 marine transportation companies we cover.

Our discounted-cash-flow model values the business at ~$350 per share in the base case (~$260–$460 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 67.4% while net income grew 226.4%: a 159pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 57.4% over the last 12 months, against a median of 0.8% for marine transportation companies we cover.
  • Growth speeding up. The growth rate is 42.9 points higher than a quarter earlier.
  • High operating margin. 64.2% of revenue is left as operating profit, against a median of 19.8% for marine transportation companies we cover.
  • Margins widening. Operating margin is up 29.8 points on a year ago.
  • Strong cash generation. 50.3% of revenue turned into free cash flow, against a median of 13.6% for marine transportation companies we cover.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Insiders selling. 9 insiders sold $178M of stock over the past 365 days and none bought (1% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 89 days ranks 32 of 33 marine transportation companies we cover (median 19 days).
  • Short interest rising. Shares sold short rose 21% in a month to 9.5% of tradable shares.
  • Earnings expected to fall. The consensus expects earnings per share to fall 67% next year.

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
$5.91 against an average estimate of $5.27: beat by 12.0%
Revenue
$467m, up 138.8% on a year earlier
Share reaction
-3.6% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 5, 2026; average EPS estimate $5.79

International Seaways' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.6%
  • 1 week-7.1%
  • 1 month-8.7%
  • This year+149.6%
  • 1 year+140.5%
  • 5 years+867.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
64.2%
Net margin
62.0%
EPS (TTM, diluted)
$15.66

Growth

Revenue growth
+57.4%
Change in growth rate
+42.9 pts
Share count change
+0.2%

Cash

Free cash flow (TTM)
$632M
FCF margin
50.3%
Stock pay % of revenue
0.6%

Earnings

Last results
August 10, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Share issue
  3. Agreement
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Insider trade
  12. Insider trade
  13. Results
  14. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

International Seaways, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($348.62) is 3.28x the share price ($106.44) and 2.66x the median of our other models ($131.20); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of International Seaways, Inc.'s free cash flow after stock-based pay ( $691M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value International Seaways, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$350 ~$260–$460 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$96 ~$70–$110 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$78 ~$64–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$170 ~$130–$230 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$190 ~$160–$230 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare International Seaways, Inc. with Marine Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$7.64$10.04$9.16$16.19$9.00$8.73$22.92$32.77$29.21$42.35$105.68
Market value$223m$293m$267m$473m$255m$335m$1.1bn$1.6bn$1.5bn$2.1bn$5.3bn
+ Net debt (− = net cash)$348m$493m$752m$571m$336m$1.0bn$780m$596m$531m$450m$486m
Enterprise value$570m$786m$1.0bn$1.0bn$592m$1.3bn$1.9bn$2.2bn$2.0bn$2.6bn$5.7bn
Multiples
Price / sales 0.6x1.0x1.0x1.3x0.6x1.2x1.3x1.5x1.5x2.5x4.2x
Price / earnings ——————2.9x2.9x3.5x6.8x6.7x
Price / free cash flow 1.8x——5.4x1.2x—4.0x2.4x2.7x5.5x8.3x
EV / EBITDA 6.5x—57.0x8.0x5.2x—3.5x3.0x3.3x5.0x5.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

35 /100

Weak moat

How hard International Seaways's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.9% of total assets over 10 years.

  • Durability 5 / 20

    Operating margin has been a median 16.9%; its worst year was -62.2%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 7 of 10 years, at a median 31.7% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 78.3% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (40 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $396m and EPS of $5.79 (range $5.79 to $5.79) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $26.95 +397% $1.6bn +100%
Next $8.92 −67% $1.1bn −31%

Next year's EPS estimate has moved +43.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +98.7% on 90 days ago. In the last 30 days, 1 analyst raised International Seaways, Inc.'s forecast and 0 cut it.

Consensus EPS forecast International Seaways, Inc., last 90 days
$0.00 $10.00 $20.00 $30.00 90 days ago 60 days ago 30 days ago Now Current fiscal year, 90 days ago: $13.56 Current fiscal year, 60 days ago: $14.82 Current fiscal year, 30 days ago: $14.99 Current fiscal year, Now: $26.95 $26.95 Next fiscal year, 90 days ago: $6.22 Next fiscal year, 60 days ago: $6.30 Next fiscal year, 30 days ago: $6.42 Next fiscal year, 7 days ago: $7.80 Next fiscal year, Now: $8.92 $8.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $13.56$6.22
60 days ago $14.82$6.30
30 days ago $14.99$6.42
Now $26.95$7.80

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $5.27 $5.91 +12.0%
Mar 2026 $2.72 $3.90 +43.6%
Dec 2025 $1.97 $2.45 +24.3%
Sept 2025 $0.94 $1.15 +22.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026

No numeric guidance in International Seaways, Inc.'s latest earnings release (filed August 10, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows International Seaways, Inc.'s revenue by +13.2% next year and +1.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+13.3%, weight 56%) and the company's own record (+13.0%, weight 44%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy583%
Hold117%
Sell00%

Monthly trend

  1. Oct 2026516
  2. Sep 2026516
  3. Aug 2026516
  4. Jul 2026516

Counts of recommendations published by analysts covering International Seaways, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.5%
of tradable shares
Days to cover
4.07
at average volume
Short interest, 1 month
+21%
to October 15, 2026
Held by institutions
82%
of shares
Held by insiders
14.2%
of shares
Employees
2,837
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +140.5%

$43.94 on October 31, 2025 to $105.68

ThenNowEffect
Revenue (last 12 months) $799m $1.3bn +57.4%
Net margin 29.9% 62.0% +107.4%
P/E multiple 9.1x 6.7x −26.2%
Share count 50m 50m −0.2%

Biggest factor: net margin.

Last 3 years +204.9%

$34.67 on November 3, 2023 to $105.68

ThenNowEffect
Revenue (last 12 months) $1.2bn $1.3bn +8.9%
Net margin 57.0% 62.0% +8.7%
P/E multiple 2.6x 6.7x +157.5%
Share count 50m 50m 0.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
INSW−3%+163%+43%−11%+45%+150%
Industry peers (median)+27%+10%+20%−10%+20%+28%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
INSW50%67%67%42%83%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
INSW−31%−26%−29%−45%−29%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 16, 2016: 58% from January 7, 2020 to October 28, 2020. Getting back needed a 135% gain, reached on August 11, 2022, 652 days after the low.

Price behaviour

52-week range
$40.83 – $125.04
From 52-week high
−15.5%
vs 50-day average
−1.7%
vs 200-day average
+31.2%
Volatility (1 year)
40%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.2%
After a week
6 up, 6 down
typical move ±4.4%
After a month
7 up, 5 down
typical move ±7.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −3.6% −0.3% +6.4% +13.2%
May 7, 2026 +6.8% +0.5% −0.3% −5.1%
February 26, 2026 +8.6% −1.0% +4.4% +5.5%
November 6, 2025 +6.3% −1.0% +6.9% +2.9%
August 6, 2025 −0.4% +0.7% −2.2% +8.1%
May 8, 2025 +3.7% +0.6% +5.4% +1.1%
February 27, 2025 −8.6% −0.1% −5.0% −7.2%
November 7, 2024 −3.9% +1.2% −4.9% −16.4%
August 7, 2024 −3.6% +1.6% −2.8% −2.6%
May 8, 2024 +9.3% +0.6% +10.7% +8.8%
February 29, 2024 +3.3% +1.3% +1.5% +6.4%
November 7, 2023 −3.8% +0.4% −2.3% −9.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

International Seaways, Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) International Seaways, Inc.
$600M $800M $1B $1.2B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.2B Revenue (TTM), FY23 Q4: $1.1B Revenue (TTM), FY24 Q1: $1.1B Revenue (TTM), FY24 Q2: $1B Revenue (TTM), FY24 Q3: $1B Revenue (TTM), FY24 Q4: $951.6M Revenue (TTM), FY25 Q1: $860.6M Revenue (TTM), FY25 Q2: $798.8M Revenue (TTM), FY25 Q3: $770M Revenue (TTM), FY25 Q4: $843.3M Revenue (TTM), FY26 Q1: $985.4M Revenue (TTM), FY26 Q2: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.2B
FY23 Q4 $1.1B
FY24 Q1 $1.1B
FY24 Q2 $1B
FY24 Q3 $1B
FY24 Q4 $951.6M
FY25 Q1 $860.6M
FY25 Q2 $798.8M
FY25 Q3 $770M
FY25 Q4 $843.3M
FY26 Q1 $985.4M
FY26 Q2 $1.3B
Revenue growth, TTM YoY International Seaways, Inc.
-50% 0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 86.6% Revenue growth, TTM YoY, FY23 Q4: 24.0% Revenue growth, TTM YoY, FY24 Q1: 0.8% Revenue growth, TTM YoY, FY24 Q2: -11.3% Revenue growth, TTM YoY, FY24 Q3: -13.1% Revenue growth, TTM YoY, FY24 Q4: -11.2% Revenue growth, TTM YoY, FY25 Q1: -18.7% Revenue growth, TTM YoY, FY25 Q2: -22.0% Revenue growth, TTM YoY, FY25 Q3: -23.6% Revenue growth, TTM YoY, FY25 Q4: -11.4% Revenue growth, TTM YoY, FY26 Q1: 14.5% Revenue growth, TTM YoY, FY26 Q2: 57.4% 57.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 86.6%
FY23 Q4 24.0%
FY24 Q1 0.8%
FY24 Q2 -11.3%
FY24 Q3 -13.1%
FY24 Q4 -11.2%
FY25 Q1 -18.7%
FY25 Q2 -22.0%
FY25 Q3 -23.6%
FY25 Q4 -11.4%
FY26 Q1 14.5%
FY26 Q2 57.4%
Operating margin (TTM) International Seaways, Inc.
30% 40% 50% 60% 70% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 60.4% Operating margin (TTM), FY23 Q4: 57.4% Operating margin (TTM), FY24 Q1: 55.2% Operating margin (TTM), FY24 Q2: 55.7% Operating margin (TTM), FY24 Q3: 55.3% Operating margin (TTM), FY24 Q4: 47.8% Operating margin (TTM), FY25 Q1: 41.8% Operating margin (TTM), FY25 Q2: 34.4% Operating margin (TTM), FY25 Q3: 32.8% Operating margin (TTM), FY25 Q4: 41.0% Operating margin (TTM), FY26 Q1: 58.3% Operating margin (TTM), FY26 Q2: 64.2% 64.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 60.4%
FY23 Q4 57.4%
FY24 Q1 55.2%
FY24 Q2 55.7%
FY24 Q3 55.3%
FY24 Q4 47.8%
FY25 Q1 41.8%
FY25 Q2 34.4%
FY25 Q3 32.8%
FY25 Q4 41.0%
FY26 Q1 58.3%
FY26 Q2 64.2%
FCF margin (TTM) International Seaways, Inc.
40% 50% 60% 70% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 64.1% FCF margin (TTM), FY23 Q4: 64.1% FCF margin (TTM), FY24 Q1: 58.8% FCF margin (TTM), FY24 Q2: 58.3% FCF margin (TTM), FY24 Q3: 57.3% FCF margin (TTM), FY24 Q4: 57.4% FCF margin (TTM), FY25 Q1: 53.4% FCF margin (TTM), FY25 Q2: 47.2% FCF margin (TTM), FY25 Q3: 42.4% FCF margin (TTM), FY25 Q4: 44.9% FCF margin (TTM), FY26 Q1: 45.6% FCF margin (TTM), FY26 Q2: 50.3% 50.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 64.1%
FY23 Q4 64.1%
FY24 Q1 58.8%
FY24 Q2 58.3%
FY24 Q3 57.3%
FY24 Q4 57.4%
FY25 Q1 53.4%
FY25 Q2 47.2%
FY25 Q3 42.4%
FY25 Q4 44.9%
FY26 Q1 45.6%
FY26 Q2 50.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar International Seaways took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $843M
  2. Selling, general and admin $50.2M · 6.0%
  3. Other operating costs $448M · 53.1%
  4. Operating income $345M · 41.0%
  5. Interest and other $36.1M · 4.3%
  6. Net income $309M · 36.7%

Shares of revenue. Source: International Seaways's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 517 498 398 290 270 366 422 273 865 1,072 952 843 1,257
EBITDA 90 258 87 −29 18 131 114 −25 553 744 605 509 970
Operating income 5 176 7 −108 −55 55 40 −112 443 615 455 345 807
Net income −119 173 −18 −106 −89 −1 −6 −133 388 556 417 309 779
Diluted EPS −$4.08 $5.94 −$0.62 −$3.64 −$3.05 −$0.03 −$0.20 −$3.48 $7.77 $11.25 $8.38 $6.23 $15.66
Growth (year on year)
Revenue — −3.7% −20.0% −27.2% −6.8% +35.4% +15.1% −35.4% +217.3% +24.0% −11.2% −11.4% +57.4%
EBITDA — +188.1% −66.2% −133.4% — +631.0% −12.7% −122.3% — +34.6% −18.8% −15.8% +123.2%
Operating income — — −95.9% — — — −27.7% −381.2% — +39.0% −26.0% −24.1% +193.8%
Net income — — −110.5% — — — — — — +43.5% −25.1% −25.8% +226.4%
Diluted EPS — — −110.4% — — — — — — +44.8% −25.5% −25.7% +225.8%
Margins
EBITDA margin 17.3% 51.8% 21.9% −10.0% 6.6% 35.7% 27.1% −9.3% 64.0% 69.5% 63.5% 60.4% 77.1%
Operating margin 0.9% 35.4% 1.8% −37.2% −20.2% 15.1% 9.5% −41.1% 51.2% 57.4% 47.8% 41.0% 64.2%
Net margin −23.0% 34.8% −4.6% −36.6% −32.9% −0.2% −1.3% −49.0% 44.9% 51.9% 43.8% 36.7% 62.0%
Free-cash-flow margin −53.1% 44.6% 31.9% −53.8% −59.7% 23.7% 51.1% −28.3% 33.2% 64.1% 57.4% 44.9% 50.3%
Cash flow
Cash from operations −253 223 129 17 −12 87 216 −76 288 688 547 380 633
Capital spending 21 1 2 174 149 1 1 1 1 1 1 1 1
Free cash flow −275 222 127 −156 −161 87 216 −77 287 687 546 379 632
Stock-based pay 1 3 3 4 3 4 6 11 7 9 9 9 8
Free cash flow after stock pay −275 219 124 −160 −165 83 210 −88 280 678 537 370 624
Balance sheet
Cash 178 309 92 60 58 90 199 98 244 127 158 117 159
Total debt 0 595 440 553 811 661 536 1,105 1,023 723 688 567 646
Net debt (negative = net cash) −178 286 348 493 752 571 336 1,007 780 596 531 450 486
Diluted shares 29m 29m 29m 29m 29m 29m 28m 38m 50m 49m 50m 50m 50m
Returned to shareholders
Dividends — — — — — — 7 41 70 308 284 145 412
Buybacks — — — — — — 30 17 20 14 25 — —
Total returned — — — — — — 37 58 90 322 309 145 412

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $3.0bn
Short-term assets $783mLonger-term assets $2.2bn
What it owes, and who funded it · $3.0bn
Short-term liabilities $132mLonger-term liabilities $622mShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $783m of assets due within a year against $132m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $783m short-term assets against $622m of longer-dated liabilities.
  • More cash than debt $159m of cash against $646m of debt.
  • Debt below 40% of shareholders' equity Debt is 29% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 79% to 29% over five years.
  • A year's operating cash flow covers at least 20% of debt $633m of operating cash flow against $646m of debt.
  • Operating profit covers interest at least five times over Operating income of $807m against $41m of interest.

From International Seaways, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$412M
Diluted share count
+0.2%
year over year
Total shareholder yield
7.9%
dividends 7.9% + buybacks 0.0% of market value
Dividend payout ratio
53%
of net income paid out
Days sales outstanding
89 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in marine transportation
Last 12 months unless stated INSW NMM DAC TNK TK CMRE Median
Revenue, last 12 months $1.3bn $1.3bn $1.0bn $952m $950m $878m $329m
Revenue growth, last 12 months 57.4% 0.8% 2.8% −22.6% −22.2% −1.2% 0.8%
Revenue growth, 3-year average 2.9% 89.3% 21.0% 74.2% −19.6% — 16.8%
Gross margin — 90.5% — 66.7% 66.6% — 64.5%
Operating margin 64.2% — 47.8% 32.5% 31.9% 52.0% 18.6%
Operating margin, 3-year average 51.4% — 47.1% −1.0% 1.7% 46.9% 13.1%
Net margin 62.0% 21.2% 47.4% 36.9% 10.3% 41.5% 13.3%
Cash from operations / revenue 50.4% 37.6% 61.8% 32.1% 31.8% 61.2% 33.1%
Free-cash-flow margin 50.3% 20.9% 46.2% 12.1% 11.7% 46.4% 14.2%
Free-cash-flow margin, 3-year average 51.9% −6.7% 35.4% 2.0% −2.4% 37.0% 9.4%
Stock pay / revenue 0.6% 0.0% 1.6% 0.5% 1.0% 0.8% 0.7%
Change in share count 0.2% — −4.7% 0.2% −7.0% 0.8% 0.5%

Median of all 42 companies we cover in marine transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 marine transportation companies
Measure Company Peer median Rank
Revenue growth Growth 57.4% 0.8% 4 of 40
Change in growth rate Growth +42.9pp +0.7pp 7 of 40
Operating margin Profitability 64.2% 19.8% 2 of 40
Net margin Profitability 62.0% 13.4% 1 of 42
Free-cash-flow margin Cash generation 50.3% 13.6% 2 of 41
Stock pay as % of revenue Cash generation 0.6% 0.9% 14 of 34
Long-term debt as % of assets Balance sheet 20.1% 24.2% 16 of 35
Change in share count Balance sheet 0.2% 0.5% 17 of 39
Days sales outstanding Balance sheet 89 days 19 days 32 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
International Crude Tankers $440M 52.1% ▼ 2.6%
International Product Carriers $404M 47.9% ▼ 19.3%
Products and services
Line of business Revenue YoY
Time Charter Equivalent Services $820M ▼ 12.2%
Pool Revenue Leases $642M ▼ 14.3%
Time and Bareboat Charter Leases $158M ▲ 14.9%
Voyage Charter Leases $43.9M ▼ 32.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From International Seaways, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
364
Shares held vs prior quarter
▲ 5.3%
Positions opened / closed
74 / 43

Top buyers and sellers, Q2 2026: 222 institutions bought and 131 sold ; the biggest buyer was Blackrock, Inc (+329K shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−304K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $505M 6.6M 16.3% ▲ 5.2%
FMR LLC $379M 4.9M 12.2% ▲ 0.2%
Dimensional Fund Advisors LP $235M 3.1M 7.6% ▲ 1.5%
Vanguard Portfolio Management LLC $175M 2.3M 5.6% ▲ 9.4%
American Century Companies Inc $165M 2.2M 5.3% ▲ 7.7%
Vanguard Capital Management LLC $160M 2.1M 5.2% ▲ 0.5%
Nomura Asset Management International Inc. $138M 1.8M 4.4% ▲ 12.6%
State Street Corp $129M 1.7M 4.1% ▲ 7.7%
Geode Capital Management, LLC $95M 1.2M 3.1% ▲ 9.1%
Morgan Stanley $60.5M 790K 1.9% ▲ 33.1%
Invesco Ltd. $52.9M 691K 1.7% ▲ 6.7%
Charles Schwab Investment Management Inc $47.9M 626K 1.5% ▼ 3.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not International Seaways, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $178M 54 trades by 9 insiders · 1% under pre-set plans
Net ▼ $178M net selling
Insider Date Trade Shares Price Value
Zabrocky Lois K President & CEO October 15, 2026 Sell pre-set plan 2,000 $114.23 $228,459
Famatown Finance Ltd 10% owner October 14, 2026 Sell 64,821 $125.05 $8.1M
Famatown Finance Ltd 10% owner October 13, 2026 Sell 1,029 $124.48 $128,091
Famatown Finance Ltd 10% owner October 13, 2026 Sell 37,888 $121.99 $4.6M
Famatown Finance Ltd 10% owner October 9, 2026 Sell 100,000 $121.55 $12.2M
Famatown Finance Ltd 10% owner October 8, 2026 Sell 200 $118.50 $23,700
Famatown Finance Ltd 10% owner October 7, 2026 Sell 61,216 $117.08 $7.2M
Famatown Finance Ltd 10% owner October 6, 2026 Sell 66,738 $117.03 $7.8M
Famatown Finance Ltd 10% owner October 5, 2026 Sell 100,000 $114.97 $11.5M
Famatown Finance Ltd 10% owner September 22, 2026 Sell 102,000 $111.82 $11.4M
Famatown Finance Ltd 10% owner September 21, 2026 Sell 100,000 $111.09 $11.1M
Famatown Finance Ltd 10% owner September 18, 2026 Sell 15,136 $112.12 $1.7M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in International Seaways, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Michael Guest(R-MS 3):Purchase, $1,001 - $15,000, traded October 27, 2023, filed November 20, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 6, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on International Seaways, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

International Seaways, Inc. in brief

What does International Seaways, Inc. do?
International Seaways, Inc. is a US-listed company in the marine transportation industry. Its financial year ends in December.
What is International Seaways, Inc.'s stock ticker?
International Seaways, Inc. trades under the ticker INSW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is International Seaways, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, International Seaways, Inc. reported revenue of $1.3B, 57.4% higher than a year earlier, according to its SEC filings.
What is International Seaways, Inc.'s free cash flow?
International Seaways, Inc.'s free-cash-flow margin is 50.3% of revenue over the trailing twelve months, ranking 2 of the 41 marine transportation companies we cover.
Who are International Seaways, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is International Seaways, Inc.'s market cap?
On November 2, 2026, International Seaways, Inc.'s market capitalisation was about $5.3B, with a price-to-earnings ratio of 6.7 and net debt of $486M. Market figures come from third-party market data and may be delayed.
Does International Seaways, Inc. pay a dividend?
Yes: International Seaways, Inc. paid $412M in dividends over the trailing twelve months, a dividend yield of 7.88% and a payout ratio of 52.9%.
How much debt does International Seaways, Inc. have?
International Seaways, Inc.'s debt-to-equity ratio is 28.5%, from its latest balance sheet (79.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are International Seaways, Inc.'s competitors?
In our Marine Transportation peer group, the companies closest to International Seaways, Inc. are Navios Maritime Partners L.p., Danaos Corp, Teekay Tankers LTD., Teekay Corp LTD and Costamare Inc. The side-by-side comparison below sets their revenue, margins and growth against International Seaways, Inc.'s.
Are insiders buying or selling International Seaways, Inc. stock?
Over the last 12 months, International Seaways, Inc.'s directors and officers reported 0 open-market purchases and 54 sales on Form 4. The insider trading page charts every trade.
When is International Seaways, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — International Seaways, Inc. announces its own schedule.