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International Seaways (INSW) USD

At a glance: strengths & risks
Revenue growing (+139% y/y, Q2 2026)Profit growing (+378% y/y, Q2 2026)Margins improving (57%→73%, Q2 2026)Low leverage (0.9x EBITDA)Pricier than own history (EV/EBITDA 5.7 vs avg 4.4)

Sector: Crude tankers

COMM_INSW

Price chart

102.7 USDDay 0.55%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
102.7 USD · 0.55%
Market cap
5.1 bn USD

Growth

Δ revenue y/y
138.8%
Δ EBITDA y/y
208.0%

Multiples

P/E (LTM)
6.5x
3y avg: 5.2x
P/B (FY)
2.5x
P/E (ann.)
4.3x
EV/EBITDA (LTM)
5.7x
3y avg: 4.4x
EV/EBITDA (ann.)
4.1x

Cash return

Dividend yield
12.2%
FCF yield (LTM)
1.3%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
30.7 mln USD

Shares: yahoo_fundamentals_timeseries/INSW

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK467.3
y/y 138.8%
301.3
y/y 334.4%
39.7
y/y -4.0%
341.0
y/y 208.0%
294.9
y/y 378.4%
267.7-67.73018.9
y/y 19.6%
2265.3
y/y 19.2%
52.9%493.4Link
2026-03-31Q1 2026 (3M)OK325.5
y/y 77.5%
288.6
y/y 387.7%
40.6
y/y 2.2%
329.1
y/y 232.9%
286.1
y/y 477.3%
141.1-37.62871.3
y/y 12.9%
2194.3
y/y 17.4%
54.3%468.3Link
2025-12-31Q4 2025 (3M)OK267.9
y/y 37.6%
138.2
y/y 206.7%
41.4
y/y 4.8%
179.5
y/y 112.4%
127.5
y/y 255.9%
146.02668.6
y/y 1.2%
2020.3
y/y 8.8%
15.6%459.3Link
2025-09-30Q3 2025 (3M)OK196.4
y/y -12.8%
78.7
y/y -22.1%
41.2
y/y 4.7%
119.9
y/y -14.6%
70.5
y/y -23.1%
78.3-21.02789.6
y/y 7.8%
1933.8
y/y 3.2%
4.9%391.3Link
2025-06-30Q2 2025 (3M)OK195.6
y/y -24.0%
69.4
y/y -55.2%
41.3
y/y 13.2%
110.7
y/y -42.1%
61.6
y/y -57.4%
85.82523.2
y/y -5.7%
1899.8
y/y 0.7%
13.1%412.9Link
2025-03-31Q1 2025 (3M)OK183.4
y/y -33.2%
59.2
y/y -61.7%
39.7
y/y 16.3%
98.9
y/y -47.6%
49.6
y/y -65.7%
69.92542.4
y/y -0.4%
1868.8
y/y 4.1%
10.6%481.1Link
2024-12-31Q4 2024 (3M)OK194.6
y/y -22.4%
45.0
y/y -69.4%
39.5
y/y 17.2%
84.5
y/y -53.3%
35.8
y/y -72.9%
93.6-17.92636.4
y/y 4.5%
1856.0
y/y 8.1%
22.3%554.2Link
2024-09-30Q3 2024 (3M)OK225.2
y/y -6.8%
101.0
y/y -11.6%
39.3
y/y 17.8%
140.3
y/y -4.9%
91.7
y/y -6.4%
129.1-40.72587.8
y/y 1.0%
1874.6
y/y 13.6%
6.5%561.6Link
2024-06-30Q2 2024 (3M)OK257.4
y/y -11.9%
154.8
y/y -8.2%
36.5
y/y 12.6%
191.3
y/y -4.9%
144.7
y/y -5.9%
167.9-53.52674.7
y/y 0.7%
1887.4
y/y 16.5%
31.4%553.5Link
2024-03-31Q1 2024 (3M)OK274.4
y/y -4.4%
154.4
y/y -16.7%
34.2
y/y 15.6%
188.6
y/y -12.2%
144.5
y/y -16.3%
156.4-42.92551.4
y/y -0.8%
1794.9
y/y 15.3%
32.9%571.7Link
2023-12-31Q4 2023 (3M)OK250.7
y/y
147.3
y/y
33.7
y/y
181.0
y/y
132.1
y/y
125.52521.8
y/y
1716.8
y/y
33.1%617.8Link
2023-09-30Q3 2023 (3M)OK241.7
y/y
114.2
y/y
33.4
y/y
147.5
y/y
97.9
y/y
148.52561.0
y/y
1650.1
y/y
8.0%726.5Link
2023-06-30Q2 2023 (3M)OK292.2
y/y
168.7
y/y
32.4
y/y
201.1
y/y
153.8
y/y
193.6-136.42655.7
y/y
1620.3
y/y
38.7%870.0Link
2023-03-31Q1 2023 (3M)OK287.1
y/y
185.3
y/y
29.5
y/y
214.8
y/y
172.6
y/y
220.8-72.22571.5
y/y
1557.3
y/y
803.0Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)41
Long-term debt (incl. LT leases)612
− Cash & equivalents159
Net debt493

Net debt / LTM EBITDA: 0.5x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01002003004005002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-500501001502002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

02004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +26.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (341 − 111) × 2.84
118
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (5 074 + 493) ÷ 970
5.7x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (5.7 + 12) ÷ 2
8.9x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -80 + 412 + 0 − 0
332
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 0.8% × 5 074
−39
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (118 × 8.9 + 332 − 39) ÷ 5 074
+26.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • capex unavailable — FCF approximated by FY OCF (ended 2025-12-31, before the latest reported period 2026-06-30)
  • share-count dilution 0.8%/yr (valued at market: -39)
  • EBITDA-growth term damped to the multi-year FY trend SIZE but kept the latest period direction (up) - the trend pointed the other way

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-105.05 USDEx-dividend: 5.05 USD per sharePaidYahoo Finance (ex-div)
2026-06-124.55 USDEx-dividend: 4.55 USD per sharePaidYahoo Finance (ex-div)
2026-03-202.15 USDEx-dividend: 2.15 USD per sharePaidYahoo Finance (ex-div)
2025-12-090.86 USDEx-dividend: 0.86 USD per sharePaidYahoo Finance (ex-div)
2025-09-100.77 USDEx-dividend: 0.77 USD per sharePaidYahoo Finance (ex-div)
2025-06-120.6 USDEx-dividend: 0.6 USD per sharePaidYahoo Finance (ex-div)
2025-03-140.7 USDEx-dividend: 0.7 USD per sharePaidYahoo Finance (ex-div)
2024-12-131.2 USDEx-dividend: 1.2 USD per sharePaidYahoo Finance (ex-div)
2024-09-111.5 USDEx-dividend: 1.5 USD per sharePaidYahoo Finance (ex-div)
2024-06-121.75 USDEx-dividend: 1.75 USD per sharePaidYahoo Finance (ex-div)
2024-03-131.32 USDEx-dividend: 1.32 USD per sharePaidYahoo Finance (ex-div)
2023-12-121.25 USDEx-dividend: 1.25 USD per sharePaidYahoo Finance (ex-div)
2023-09-121.42 USDEx-dividend: 1.42 USD per sharePaidYahoo Finance (ex-div)
2023-06-131.62 USDEx-dividend: 1.62 USD per sharePaidYahoo Finance (ex-div)
2023-03-132 USDEx-dividend: 2 USD per sharePaidYahoo Finance (ex-div)
2022-12-071.12 USDEx-dividend: 1.12 USD per sharePaidYahoo Finance (ex-div)
2022-09-130.12 USDEx-dividend: 0.12 USD per sharePaidYahoo Finance (ex-div)
2022-06-160.12 USDEx-dividend: 0.12 USD per sharePaidYahoo Finance (ex-div)
2022-03-110.06 USDEx-dividend: 0.06 USD per sharePaidYahoo Finance (ex-div)
2021-12-080.06 USDEx-dividend: 0.06 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of International Seaways (INSW) — from primary filings.

Frequently asked questions

What is International Seaways (INSW)'s P/E ratio?
International Seaways (INSW) trades at a P/E of 6.5x (price to trailing 12-month earnings).
What is International Seaways (INSW)'s EV/EBITDA?
International Seaways (INSW) trades at 5.7x EV/EBITDA.
What is International Seaways (INSW)'s P/B ratio?
International Seaways (INSW) trades at a P/B of 2.5x.
What is International Seaways (INSW)'s dividend yield?
International Seaways (INSW)'s trailing 12-month dividend yield is 12.2%.
What is International Seaways (INSW)'s return on equity (ROE)?
International Seaways (INSW)'s ROE is 52.9%.
What is International Seaways (INSW)'s market capitalization?
International Seaways (INSW)'s market cap is 5.1 bn USD.

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