International Seaways Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	770.04	951.61	1,072	864.67	272.55	421.65	Upgrade
Revenue Growth (YoY)	-23.59%	-11.21%	23.95%	217.26%	-35.36%	15.15%	Upgrade
Cost of Revenue	328.1	324.01	315.2	283.76	223.68	178.13	Upgrade
Gross Profit	441.93	627.6	756.58	580.9	48.87	243.52	Upgrade
Selling, General & Admin	52.85	53.16	47.95	45.7	32.57	28.34	Upgrade
Other Operating Expenses	1.84	2.82	-	-	-	-	Upgrade
Operating Expenses	216.39	205.42	176.98	156.09	119.24	102.69	Upgrade
Operating Income	225.55	422.18	579.59	424.81	-70.37	140.83	Upgrade
Interest Expense	-41.94	-48.92	-64.78	-57.72	-36.8	-36.71	Upgrade
Interest & Investment Income	9.92	9.92	13.96	3.65	0.1	0.56	Upgrade
Earnings From Equity Investments	-	-	-	0.71	21.84	4.12	Upgrade
Other Non Operating Income (Expenses)	-3.19	-0.03	0.19	-0.7	-0.14	0.26	Upgrade
EBT Excluding Unusual Items	190.33	383.15	528.97	370.76	-85.37	109.06	Upgrade
Merger & Restructuring Charges	-	-	-	-	-50.74	-	Upgrade
Gain (Loss) on Sale of Assets	26.16	32.66	35.93	19.65	9.75	-100.09	Upgrade
Other Unusual Items	-	-0.17	-4.58	-2.42	-6.69	-14.5	Upgrade
Pretax Income	216.5	415.64	560.32	387.98	-133.04	-5.53	Upgrade
Income Tax Expense	-1.08	-1.08	3.88	0.09	1.62	0	Upgrade
Earnings From Continuing Operations	217.58	416.72	556.45	387.89	-134.66	-5.53	Upgrade
Minority Interest in Earnings	-	-	-	-	1.17	-	Upgrade
Net Income	217.58	416.72	556.45	387.89	-133.49	-5.53	Upgrade
Preferred Dividends & Other Adjustments	0.09	0.18	0.4	0.49	0.15	0.01	Upgrade
Net Income to Common	217.49	416.55	556.04	387.4	-133.65	-5.54	Upgrade
Net Income Growth	-57.59%	-25.11%	43.45%	-	-	-	Upgrade
Shares Outstanding (Basic)	49	49	49	49	38	28	Upgrade
Shares Outstanding (Diluted)	50	50	49	50	38	28	Upgrade
Shares Change (YoY)	-0.06%	0.51%	-0.83%	29.78%	35.37%	-2.92%	Upgrade
EPS (Basic)	4.41	8.45	11.35	7.85	-3.48	-0.20	Upgrade
EPS (Diluted)	4.39	8.38	11.25	7.77	-3.48	-0.20	Upgrade
EPS Growth	-57.51%	-25.51%	44.79%	-	-	-	Upgrade
Free Cash Flow	75.79	266.96	481.77	171.12	-155.21	165.58	Upgrade
Free Cash Flow Per Share	1.53	5.37	9.75	3.43	-4.04	5.84	Upgrade
Dividend Per Share	0.480	0.480	0.480	0.420	0.240	0.240	Upgrade
Dividend Growth	-	-	14.29%	75.00%	-	-	Upgrade
Gross Margin	57.39%	65.95%	70.59%	67.18%	17.93%	57.75%	Upgrade
Operating Margin	29.29%	44.37%	54.08%	49.13%	-25.82%	33.40%	Upgrade
Profit Margin	28.24%	43.77%	51.88%	44.80%	-49.04%	-1.31%	Upgrade
Free Cash Flow Margin	9.84%	28.05%	44.95%	19.79%	-56.95%	39.27%	Upgrade
EBITDA	347.85	532.23	679.84	516.23	4.16	203.4	Upgrade
EBITDA Margin	45.17%	55.93%	63.43%	59.70%	1.53%	48.24%	Upgrade
D&A For EBITDA	122.3	110.05	100.25	91.42	74.54	62.56	Upgrade
EBIT	225.55	422.18	579.59	424.81	-70.37	140.83	Upgrade
EBIT Margin	29.29%	44.37%	54.08%	49.13%	-25.82%	33.40%	Upgrade
Effective Tax Rate	-	-	0.69%	0.02%	-	-	Upgrade
Revenue as Reported	770.04	951.61	1,072	864.67	272.55	421.65	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.