Nordic American Tankers Ltd revenue

Nordic American Tankers Ltd's revenue was $292m in fiscal 2025, down 16.6% on the year before. Since fiscal 2016 ($357m) it has grown at a compound -2.2% a year.

Revenue history

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

Nordic American Tankers Ltd: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	357	297	289	317	355	191	339	392	350	292
Growth on the year before	—	−16.9%	−2.7%	+9.8%	+11.8%	−46.1%	+77.6%	+15.4%	−10.7%	−16.6%
Gross profit	231	155	124	175	234	63	169	262	225	182
Gross margin	64.8%	52.1%	42.9%	55.3%	65.9%	32.9%	49.8%	66.9%	64.4%	62.3%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Marine Transportation: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Nordic American Tankers Ltd	$292m	-16.6%	—
Ardmore Shipping Corp	$310m	-23.6%	105.3%
Flex LNG Ltd.	$348m	-2.4%	—
Knot Offshore Partners LP	$364m	14.4%	70.6%
Euroseas LTD.	$228m	7.0%	102.3%
Golar LNG LTD	$394m	51.1%	58.0%

Compare with peers

Head to head: ASC vs NAT FLNG vs NAT KNOP vs NAT

More: Marine Transportation stocks compared, Industrials sector, rankings of US companies

Figures from Nordic American Tankers Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Nordic American Tankers Ltd.