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Tsakos Energy Navigation LTD (TEN) stock

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NYSE: TEN NYSE Marine Transportation Next results ~November 19, 2026

C+ Fundamentals grade

Tsakos Energy Navigation LTD 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

Model estimate per share

~$41

Valuation models combined (2)

Base case. Range ~$37–$46. Weighted average of 2 models (residual income, justified price-to-book).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Tsakos Energy Navigation LTD 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.

  • Insiders1 buying, 4 selling2 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds64 adding, 59 cuttingOf 27 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tsakos Energy Navigation files

Where Tsakos Energy Navigation LTD stands after its latest Filing

Revenue for the twelve months was $799m, down 0.7% on a year earlier, a smaller fall than the 9.6% decline a quarter earlier. Free-cash-flow margin fell to -0.6% from 8.7% a year earlier. Operating margin widened to 31.6% from -21.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 0 of our 6 financial-health checks. Our valuation models combined value is $41.76 a share, against a share price of $53.85.

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 19, 2026 (estimated)

Tsakos Energy Navigation LTD's trailing-twelve-month revenue fell 0.7% year on year, with a free-cash-flow margin of -0.6%. Where it lags: free-cash-flow margin of -0.6% ranks 34 of 41 marine transportation companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 97.5% while net income fell 8.7%: a 106pp 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

  • High operating margin. 31.6% of revenue is left as operating profit, against a median of 19.8% for marine transportation companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 308.5% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 0.7% over the last 12 months.
  • Margins narrowing. Operating margin is down 3.1 points on a year ago.
  • Burning cash. Free cash flow was -0.6% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -3% of net income over the last 12 months.
  • Earnings expected to fall. The consensus expects earnings per share to fall 4% next year.

Latest results

Earnings per share
$3.14 against an average estimate of $2.40: beat by 30.7%
Next report
November 19, 2026; average EPS estimate $2.72

Tsakos Energy Navigation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-8.1%
  • 1 week-10.3%
  • 1 month-1.1%
  • This year+126.5%
  • 1 year+108.3%
  • 5 years+571.8%
  • 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)
$799M
Operating margin
31.6%
Net margin
20.1%
EPS (TTM, diluted)
$5.41

Growth

Revenue growth
−0.7%
Change in growth rate
+8.9 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
-$4.5M
FCF margin
-0.6%
Stock pay % of revenue
0.9%

News & updates

Updated October 31, 2026

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

No recent updates are available for TEN from the sources we follow. See filings →

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

Tsakos Energy Navigation LTD valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Our value per share comes from a discounted-cash-flow model of Tsakos Energy Navigation LTD's free cash flow after stock-based pay ( $87.9M, FY2025 Q4 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.

Valuation models

We value Tsakos Energy Navigation LTD as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$5.2 ~$21–$66 Left out: out of range vs price (0.11x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$46 ~$32–$67 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$37 ~$31–$45 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$41 ~$37–$46 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tsakos Energy Navigation LTD 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 20152016201720182019202020212022202320242025
Share price$25.79$16.17$14.10$10.02$16.90$6.50$5.93$14.15$19.54$16.41$21.85
Market value$443m$275m$239m$175m$300m$122m$117m$399m$577m$484m$650m
+ Net debt (− = net cash)$1.1bn$1.6bn$1.6bn$1.4bn$1.4bn$1.3bn$1.3bn$1.3bn$1.2bn$1.4bn$1.6bn
Enterprise value$1.6bn$1.9bn$1.8bn$1.6bn$1.7bn$1.5bn$1.4bn$1.7bn$1.8bn$1.9bn$2.3bn
Multiples
Price / sales 0.8x0.6x0.5x0.3x0.5x0.2x0.2x0.5x0.6x0.6x0.8x
Price / earnings 2.8x4.9x31.4x—19.8x5.1x—2.0x1.9x2.7x4.0x
Price / free cash flow ——————2.5x—2.5x——
EV / EBITDA 5.3x9.1x8.9x13.3x7.4x6.3x59.0x4.2x3.3x4.3x5.4x

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

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

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 19, 2026, before the open. Analysts expect revenue of $234m and EPS of $2.72 (range $2.72 to $2.72) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $12.52 +211% $923m +36%
Next $11.99 −4% $874m −5%

Next year's EPS estimate has moved +308.5% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +172.2% on 90 days ago. In the last 30 days, 1 analyst raised Tsakos Energy Navigation LTD's forecast and 0 cut it.

Consensus EPS forecast Tsakos Energy Navigation LTD, last 90 days
$0.00 $5.00 $10.00 $15.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.60 Current fiscal year, 60 days ago: $4.60 Current fiscal year, 30 days ago: $7.62 Current fiscal year, 7 days ago: $12.52 Current fiscal year, Now: $12.52 $12.52 Next fiscal year, 90 days ago: $2.94 Next fiscal year, 60 days ago: $2.94 Next fiscal year, 30 days ago: $3.89 Next fiscal year, 7 days ago: $11.99 Next fiscal year, Now: $11.99 $11.99

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.60$2.94
60 days ago $4.60$2.94
30 days ago $7.62$3.89
7 days ago $12.52$11.99
Now $12.52$11.99

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.40 $3.14 +30.7%
Mar 2026 $2.02 $2.72 +34.6%
Dec 2025 $1.07 $1.70 +58.9%
Sept 2025 $0.63 $0.75 +19.0%

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

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622

Counts of recommendations published by analysts covering Tsakos Energy Navigation LTD, 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
2.2%
of tradable shares
Days to cover
1.08
at average volume
Short interest, 1 month
+102%
to October 15, 2026
Held by institutions
34%
of shares
Held by insiders
28.0%
of shares

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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TEN−9%+139%+38%−16%+33%+127%
Industry peers (median)+27%+10%+20%−10%+20%+28%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TEN33%67%58%50%67%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TEN−40%−33%−35%−45%−32%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from November 2, 2015 to December 1, 2021. Getting back needed a 412% gain, reached on February 19, 2026, 1541 days after the low.

Price behaviour

52-week range
$21.16 – $56.40
From 52-week high
−12.3%
vs 50-day average
+1.3%
vs 200-day average
+25.6%
Volatility (1 year)
39%
Beta vs S&P 500
0.39

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.

Tsakos Energy Navigation LTD in five measures

Fundamentals grade C+
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) Tsakos Energy Navigation LTD
$400M $600M $800M $1B FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $501M Revenue (TTM), FY15 Q4: $587.7M Revenue (TTM), FY16 Q4: $481.8M Revenue (TTM), FY17 Q4: $529.2M Revenue (TTM), FY18 Q4: $529.9M Revenue (TTM), FY19 Q4: $597.5M Revenue (TTM), FY20 Q4: $644.1M Revenue (TTM), FY21 Q4: $546.1M Revenue (TTM), FY22 Q4: $860.4M Revenue (TTM), FY23 Q4: $889.6M Revenue (TTM), FY24 Q4: $804.1M Revenue (TTM), FY25 Q4: $798.7M $798.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $501M
FY15 Q4 $587.7M
FY16 Q4 $481.8M
FY17 Q4 $529.2M
FY18 Q4 $529.9M
FY19 Q4 $597.5M
FY20 Q4 $644.1M
FY21 Q4 $546.1M
FY22 Q4 $860.4M
FY23 Q4 $889.6M
FY24 Q4 $804.1M
FY25 Q4 $798.7M
Revenue growth, TTM YoY Tsakos Energy Navigation LTD
-20% 0% 20% 40% 60% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: 19.8% Revenue growth, TTM YoY, FY15 Q4: 17.3% Revenue growth, TTM YoY, FY16 Q4: -18.0% Revenue growth, TTM YoY, FY17 Q4: 9.8% Revenue growth, TTM YoY, FY18 Q4: 0.1% Revenue growth, TTM YoY, FY19 Q4: 12.8% Revenue growth, TTM YoY, FY20 Q4: 7.8% Revenue growth, TTM YoY, FY21 Q4: -15.2% Revenue growth, TTM YoY, FY22 Q4: 57.5% Revenue growth, TTM YoY, FY23 Q4: 3.4% Revenue growth, TTM YoY, FY24 Q4: -9.6% Revenue growth, TTM YoY, FY25 Q4: -0.7% -0.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 19.8%
FY15 Q4 17.3%
FY16 Q4 -18.0%
FY17 Q4 9.8%
FY18 Q4 0.1%
FY19 Q4 12.8%
FY20 Q4 7.8%
FY21 Q4 -15.2%
FY22 Q4 57.5%
FY23 Q4 3.4%
FY24 Q4 -9.6%
FY25 Q4 -0.7%
Operating margin (TTM) Tsakos Energy Navigation LTD
-40% -20% 0% 20% 40% 60% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: 15.2% Operating margin (TTM), FY15 Q4: 32.0% Operating margin (TTM), FY16 Q4: 18.6% Operating margin (TTM), FY17 Q4: 12.0% Operating margin (TTM), FY18 Q4: -5.3% Operating margin (TTM), FY19 Q4: 14.4% Operating margin (TTM), FY20 Q4: 15.0% Operating margin (TTM), FY21 Q4: -21.9% Operating margin (TTM), FY22 Q4: 29.8% Operating margin (TTM), FY23 Q4: 44.0% Operating margin (TTM), FY24 Q4: 34.6% Operating margin (TTM), FY25 Q4: 31.6% 31.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 15.2%
FY15 Q4 32.0%
FY16 Q4 18.6%
FY17 Q4 12.0%
FY18 Q4 -5.3%
FY19 Q4 14.4%
FY20 Q4 15.0%
FY21 Q4 -21.9%
FY22 Q4 29.8%
FY23 Q4 44.0%
FY24 Q4 34.6%
FY25 Q4 31.6%
FCF margin (TTM) Tsakos Energy Navigation LTD
-40% -20% 0% 20% 40% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: 8.7% FCF margin (TTM), FY22 Q4: -1.5% FCF margin (TTM), FY23 Q4: 26.0% FCF margin (TTM), FY24 Q4: -22.6% FCF margin (TTM), FY25 Q4: -0.6% -0.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY21 Q4 8.7%
FY22 Q4 -1.5%
FY23 Q4 26.0%
FY24 Q4 -22.6%
FY25 Q4 -0.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Tsakos Energy Navigation 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 $799M
  2. Selling, general and admin $42.1M · 5.3%
  3. Other operating costs $504M · 63.1%
  4. Operating income $252M · 31.6%
  5. Interest and other $91.4M · 11.4%
  6. Net income $161M · 20.1%

Shares of revenue. Source: Tsakos Energy Navigation'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 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 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
Income
Revenue 445 408 395 394 418 501 588 482 529 530 597 644 546 860 890 804 799
EBITDA — — — — 105 179 294 203 202 119 225 234 23 397 536 438 422
Operating income 72 81 −38 1 5 76 188 90 63 −28 86 97 −120 256 391 279 252
Net income 29 20 −89 −49 −37 34 158 56 8 −99 15 24 −151 204 300 176 161
Diluted EPS $3.85 $2.50 −$9.70 −$4.60 −$3.65 $1.60 $8.45 $2.35 −$0.95 −$7.63 −$1.58 −$0.80 −$9.53 $6.01 $9.04 $5.03 $4.45
Growth (year on year)
Revenue — −8.3% −3.1% −0.3% +6.2% +19.8% +17.3% −18.0% +9.8% +0.1% +12.8% +7.8% −15.2% +57.5% +3.4% −9.6% −0.7%
EBITDA — — — — — +69.9% +64.3% −30.9% −0.4% −41.4% +89.9% +3.8% −90.0% +>999% +34.9% −18.2% −3.7%
Operating income — +11.4% −146.7% — — — +147.3% −52.2% −29.3% −144.3% — +12.6% −224.0% — +52.7% −28.8% −9.4%
Net income — −31.1% −552.7% — — — +371.9% −64.7% −86.4% — — +58.7% −730.8% — +47.0% −41.3% −8.7%
Diluted EPS — −35.1% −488.0% — — — +428.1% −72.2% −140.4% — — — — — +50.4% −44.4% −11.5%
Margins
EBITDA margin — — — — 25.2% 35.7% 50.0% 42.2% 38.3% 22.4% 37.7% 36.3% 4.3% 46.2% 60.2% 54.5% 52.9%
Operating margin 16.3% 19.8% −9.5% 0.3% 1.2% 15.2% 32.0% 18.6% 12.0% −5.3% 14.4% 15.0% −21.9% 29.8% 44.0% 34.6% 31.6%
Net margin 6.4% 4.8% −22.6% −12.5% −9.0% 6.7% 26.9% 11.6% 1.4% −18.7% 2.5% 3.7% −27.7% 23.7% 33.7% 21.9% 20.1%
Free-cash-flow margin — — — — — — — — — — — — 8.7% −1.5% 26.0% −22.6% −0.6%
Cash flow
Cash from operations 117 83 46 61 118 107 234 170 171 74 184 205 53 289 395 308 298
Capital spending — — — — — — — — — — — — 6 302 164 490 302
Free cash flow — — — — — — — — — — — — 47 −13 232 −182 −5
Stock-based pay 1 1 1 1 0 0 0 1 0 0 0 — — 0 0 8 7
Free cash flow after stock pay — — — — — — — — — — — — — −13 232 −190 −12
Balance sheet
Cash 296 277 176 144 162 202 290 188 190 205 185 160 117 304 372 343 293
Total debt 0 0 1,516 1,442 1,380 1,418 1,400 1,766 1,763 1,607 1,545 1,510 1,381 1,588 1,573 1,757 1,930
Net debt (negative = net cash) −296 −277 1,340 1,298 1,218 1,216 1,110 1,578 1,573 1,402 1,360 1,349 1,263 1,283 1,201 1,414 1,637
Diluted shares 7m 8m 9m 11m 11m 16m 17m 17m 17m 17m 18m 19m 20m 28m 30m 30m 30m
Returned to shareholders
Dividends 42 23 28 27 10 21 33 40 40 44 49 47 36 44 62 72 60
Buybacks 4 0 0 — — 0 0 21 0 0 0 10 0 0 0 — —
Total returned 47 23 28 27 10 21 33 61 40 44 49 57 36 44 62 72 60

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

0 of 6 checks passed · December 31, 2025
What it owns · $4.0bn
Short-term assets $435mLonger-term assets $3.5bn
What it owes, and who funded it · $2.3bn
Short-term liabilities $458mShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $435m of assets due within a year against $458m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $293m of cash against $1.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 98% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 94% to 98% over five years.
  • A year's operating cash flow covers at least 20% of debt $298m of operating cash flow against $1.8bn of debt.
  • Operating profit covers interest at least five times over Operating income of $252m against $94m of interest.

From Tsakos Energy Navigation LTD'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)
$60.1M
Diluted share count
+0.8%
year over year
Total shareholder yield
4.0%
dividends 4.0% + buybacks 0.0% of market value
Dividend payout ratio
37%
of net income paid out
Days sales outstanding
19 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in marine transportation
Last 12 months unless stated TEN GSL SFL CMRE PANL TK Median
Revenue, last 12 months $799m $766m $733m $878m $710m $950m $329m
Revenue growth, last 12 months −0.7% 7.8% −18.9% −1.2% 22.5% −22.2% 0.8%
Revenue growth, 3-year average 24.1% 74.9% 39.4% — 9.3% −19.6% 16.8%
Operating margin 31.6% 56.8% 18.6% 52.0% 9.3% 31.9% 18.6%
Operating margin, 3-year average 7.2% 33.4% 35.5% 46.9% 8.4% 1.7% 13.1%
Net margin 20.1% 54.3% −3.6% 41.5% 6.7% 10.3% 13.3%
Cash from operations / revenue 37.3% 68.9% 36.4% 61.2% 9.8% 31.8% 33.1%
Free-cash-flow margin −0.6% 67.1% 4.4% 46.4% 9.8% 11.7% 14.2%
Free-cash-flow margin, 3-year average — 54.5% 19.4% 37.0% 10.4% −2.4% 9.4%
Stock pay / revenue 0.9% 1.8% 0.1% 0.8% 0.6% 1.0% 0.7%
Change in share count 0.8% — 2.4% 0.8% 18.4% −7.0% 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 -0.7% 0.8% 22 of 40
Change in growth rate Growth +8.9pp +0.7pp 11 of 40
Operating margin Profitability 31.6% 19.8% 15 of 40
Net margin Profitability 20.1% 13.4% 15 of 42
Free-cash-flow margin Cash generation -0.6% 13.6% 34 of 41
Stock pay as % of revenue Cash generation 0.9% 0.9% 19 of 34
Long-term debt as % of assets Balance sheet 37.6% 24.2% 24 of 35
Change in share count Balance sheet 0.8% 0.5% 22 of 39
Days sales outstanding Balance sheet 19 days 19 days 16 of 33

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

Who owns it

Funds buying and selling
Reported value
$349M
Institutions reporting
111
Shares held vs prior quarter
▲ 2.8%
Positions opened / closed
25 / 23

Top buyers and sellers, Q2 2026: 64 institutions bought and 59 sold ; the biggest buyer was Acadian Asset Management LLC (+401K shares) and the biggest seller Cooper Creek Partners Management LLC (−398K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Acadian Asset Management LLC $36.1M 1.0M 10.4% ▲ 64.7%
Castleknight Management LP $28.3M 800K 8.1% 0.0%
Arrowstreet Capital, Limited Partnership $27.1M 765K 7.8% ▼ 6.0%
Two Sigma Investments, LP $24.6M 694K 7.0% ▲ 94.5%
Mirae Asset Global Etfs Holdings Ltd. $22.4M 635K 6.4% ▼ 4.1%
Morgan Stanley $18M 509K 5.2% ▲ 15.7%
Jane Street Group, LLC $16.8M 475K 4.8% ▲ 25.3%
Renaissance Technologies LLC $16.7M 472K 4.8% ▲ 1.3%
Goldman Sachs Group Inc $14.2M 402K 4.1% ▲ 4.8%
Main Street Financial Solutions, LLC $14.1M 397K 4.0% ▲ 0.2%
Tudor Investment Corp Et Al $9.1M 256K 2.6% ▲ 12.8%
D. E. Shaw & Co., Inc. $7.2M 203K 2.1% ▼ 41.2%

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 Tsakos Energy Navigation LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $998,375 2 trades by 1 insider, last 12 months Insider sales History → $1.1M 4 trades by 4 insiders · 0% under pre-set plans
Net ▼ $102,749 net selling
Insider Date Trade Shares Price Value
Saroglou Georgios President and COO October 12, 2026 Sell 5,000 $53.20 $266,000
Kosmatos Theoharrys Evgenios CFO and CAO September 18, 2026 Sell 10,000 $53.00 $530,000
Hatzimichalis Clio Director August 13, 2026 Sell 5,000 $41.07 $205,350
Tommasino Nicholas Francis Director July 14, 2026 Sell 2,490 $40.07 $99,774
Tsakos Nikolaos Chief Executive Officer April 29, 2026 Buy 12,500 $39.95 $499,375
Tsakos Nikolaos Chief Executive Officer April 28, 2026 Buy 12,500 $39.92 $499,000

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.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Tsakos Energy Navigation LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
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.

Tsakos Energy Navigation LTD in brief

What does Tsakos Energy Navigation LTD do?
Tsakos Energy Navigation LTD is a US-listed company in the marine transportation industry. Its financial year ends in December.
What is Tsakos Energy Navigation LTD's stock ticker?
Tsakos Energy Navigation LTD trades under the ticker TEN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tsakos Energy Navigation LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tsakos Energy Navigation LTD reported revenue of $799M, 0.7% lower than a year earlier, according to its SEC filings.
What is Tsakos Energy Navigation LTD's free cash flow?
Tsakos Energy Navigation LTD's free-cash-flow margin is -0.6% of revenue over the trailing twelve months, ranking 34 of the 41 marine transportation companies we cover.
Who are Tsakos Energy Navigation LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Acadian Asset Management LLC, Castleknight Management LP and Arrowstreet Capital, Limited Partnership. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tsakos Energy Navigation LTD's market cap?
On December 31, 2025, Tsakos Energy Navigation LTD's market capitalisation was about $650M, with a price-to-earnings ratio of 4.0 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
Does Tsakos Energy Navigation LTD pay a dividend?
Yes: Tsakos Energy Navigation LTD paid $60.1M in dividends over the trailing twelve months, a dividend yield of 4.03% and a payout ratio of 37.4%.
How much debt does Tsakos Energy Navigation LTD have?
Tsakos Energy Navigation LTD's debt-to-equity ratio is 98.0%, from its latest balance sheet (93.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tsakos Energy Navigation LTD's competitors?
In our Marine Transportation peer group, the companies closest to Tsakos Energy Navigation LTD are Global Ship Lease, Inc., SFL Corp Ltd., Costamare Inc., Pangaea Logistics Solutions Ltd. and Teekay Corp LTD. The side-by-side comparison below sets their revenue, margins and growth against Tsakos Energy Navigation LTD's.
Are insiders buying or selling Tsakos Energy Navigation LTD stock?
Over the last 12 months, Tsakos Energy Navigation LTD's directors and officers reported 2 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Tsakos Energy Navigation LTD's next earnings date?
Around November 19, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tsakos Energy Navigation LTD announces its own schedule.