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Nordic American Tankers (NAT) USD

At a glance: strengths & risks
✓Revenue growing (+97% y/y, Q2 2026)✓Margins improving (38%→87%, Q2 2026)✗High leverage (3.6x EBITDA)✗Pricier than own history (EV/EBITDA 10.3 vs avg 7.6)

Sector: Crude tankers

COMM_NAT

Price chart

7.455 USDDay 3.40%

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
7.455 USD · 3.40%
Market cap
1.6 bn USD

Growth

Δ revenue y/y
97.5%
Δ EBITDA y/y
345.6%

Multiples

P/E (LTM)
20.4x
3y avg: 26.6x
P/B (FY)
3.5x
P/E (ann.)
5.8x
EV/EBITDA (LTM)
10.3x
3y avg: 7.6x
EV/EBITDA (ann.)
6.7x

Cash return

Dividend yield
8.9%
FCF yield (LTM)
-7.3%

Value creation

fundamental value/yr, % of market cap
Value created / year
+31.1%
↓ details

Liquidity

Daily turnover (listing)
19 mln USD

Shares: yahoo_fundamentals_timeseries/NAT

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)PARTIAL79.3
y/y 97.5%
—
y/y —
—
y/y —
68.6
y/y 345.6%
22.0
y/y —
———
y/y —
—
y/y —
—273.3Yahoo Finance
2026-03-31Q1 2026 (3M)PARTIAL77.5
y/y 104.3%
—
y/y —
—
y/y —
54.2
y/y 271.1%
46.3
y/y 990.2%
———
y/y —
—
y/y —
—≈ 378.3Yahoo Finance
2025-12-31Q4 2025 (3M)OK58.8
y/y 26.7%
—
y/y -40.1%
—
y/y 2.8%
35.4
y/y 56.3%
11.7
y/y 800.4%
——902.2
y/y 10.3%
445.5
y/y -12.4%
—378.3Link
2025-09-30Q3 2025 (3M)PARTIAL45.7
y/y -12.2%
—
y/y —
—
y/y —
22.1
y/y -27.4%
-2.8
y/y -132.0%
———
y/y —
—
y/y —
—365.5Yahoo Finance
2025-06-30Q2 2025 (3M)PARTIAL40.2
y/y -39.3%
—
y/y —
—
y/y —
15.4
y/y -64.4%
-0.9
y/y -103.9%
———
y/y —
—
y/y —
—347.8Yahoo Finance
2025-03-31Q1 2025 (3M)PARTIAL37.9
y/y -37.4%
—
y/y —
—
y/y —
14.6
y/y -60.8%
4.2
y/y -71.8%
———
y/y —
—
y/y —
—237.2Yahoo Finance
2024-12-31Q4 2024 (3M)OK46.4
y/y -21.7%
—
y/y -39.5%
—
y/y 9.2%
22.6
y/y -40.3%
1.3
y/y -92.6%
——817.6
y/y -7.0%
508.8
y/y -5.5%
—230.5Link
2024-09-30Q3 2024 (3M)PARTIAL52.0
y/y 8.3%
—
y/y —
—
y/y —
30.4
y/y 12.1%
8.7
y/y 16.0%
———
y/y —
—
y/y —
—237.2Yahoo Finance
2024-06-30Q2 2024 (3M)PARTIAL66.1
y/y -2.5%
—
y/y —
—
y/y —
43.2
y/y -7.8%
21.6
y/y -19.4%
———
y/y —
—
y/y —
—245.0Yahoo Finance
2024-03-31Q1 2024 (3M)PARTIAL60.6
y/y -30.5%
—
y/y —
—
y/y —
37.2
y/y -44.8%
15.1
y/y -67.9%
———
y/y —
—
y/y —
—247.7Yahoo Finance
2023-12-31Q4 2023 (3M)OK59.3
y/y —
—
y/y —
—
y/y —
37.9
y/y —
17.5
y/y —
——879.2
y/y —
538.3
y/y —
—270.5Link
2023-09-30Q3 2023 (3M)PARTIAL48.0
y/y —
—
y/y —
—
y/y —
27.1
y/y —
7.5
y/y —
———
y/y —
—
y/y —
—186.0Yahoo Finance
2023-06-30Q2 2023 (3M)PARTIAL67.8
y/y —
—
y/y —
—
y/y —
46.9
y/y —
26.8
y/y —
———
y/y —
—
y/y —
—182.3Yahoo Finance
2023-03-31Q1 2023 (3M)PARTIAL87.1
y/y —
—
y/y —
—
y/y —
67.4
y/y —
46.9
y/y —
———
y/y —
—
y/y —
——Yahoo Finance

Net debt structure (leases included, IFRS 16) 2025-12-31

Short-term debt (incl. ST leases)35
Long-term debt (incl. LT leases)389
− Cash & equivalents46
Net debt378

Net debt / LTM EBITDA: 2.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0204060802024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-200%0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Net debt / cash ($ mln)

01002003004002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Fundamental value creation

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

Value created per year: +102.5%

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)
= (69 − 15) × 2.63
140
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (1 579 + 273) ÷ 180
10.3x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (10.3 + 12) ÷ 2
11.1x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 75 + 0 + 0 − 0
75
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 0.9% × 1 579
−14
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (140 × 11.1 + 75 − 14) ÷ 1 579
+102.5%

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

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2025-12-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only
  • share-count dilution 0.9%/yr (valued at market: -14)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-100.27 USDEx-dividend: 0.27 USD per sharePaidYahoo Finance (ex-div)
2026-06-100.22 USDEx-dividend: 0.22 USD per sharePaidYahoo Finance (ex-div)
2026-03-100.17 USDEx-dividend: 0.17 USD per sharePaidYahoo Finance (ex-div)
2025-06-120.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2025-03-100.06 USDEx-dividend: 0.06 USD per sharePaidYahoo Finance (ex-div)
2024-12-170.04 USDEx-dividend: 0.04 USD per sharePaidYahoo Finance (ex-div)
2024-09-260.12 USDEx-dividend: 0.12 USD per sharePaidYahoo Finance (ex-div)
2024-06-280.12 USDEx-dividend: 0.12 USD per sharePaidYahoo Finance (ex-div)
2024-03-190.12 USDEx-dividend: 0.12 USD per sharePaidYahoo Finance (ex-div)
2023-12-190.06 USDEx-dividend: 0.06 USD per sharePaidYahoo Finance (ex-div)
2023-09-130.13 USDEx-dividend: 0.13 USD per sharePaidYahoo Finance (ex-div)
2023-06-140.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-03-130.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2022-12-050.05 USDEx-dividend: 0.05 USD per sharePaidYahoo Finance (ex-div)
2022-09-140.03 USDEx-dividend: 0.03 USD per sharePaidYahoo Finance (ex-div)
2022-06-130.02 USDEx-dividend: 0.02 USD per sharePaidYahoo Finance (ex-div)
2022-03-100.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2021-12-070.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2021-12-060.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2021-09-230.01 USDEx-dividend: 0.01 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 Nordic American Tankers (NAT) — from primary filings.

Frequently asked questions

What is Nordic American Tankers (NAT)'s P/E ratio?
Nordic American Tankers (NAT) trades at a P/E of 20.4x (price to trailing 12-month earnings).
What is Nordic American Tankers (NAT)'s EV/EBITDA?
Nordic American Tankers (NAT) trades at 10.3x EV/EBITDA.
What is Nordic American Tankers (NAT)'s P/B ratio?
Nordic American Tankers (NAT) trades at a P/B of 3.5x.
What is Nordic American Tankers (NAT)'s dividend yield?
Nordic American Tankers (NAT)'s trailing 12-month dividend yield is 8.9%.
What is Nordic American Tankers (NAT)'s return on equity (ROE)?
Nordic American Tankers (NAT)'s ROE is 2.6%.
What is Nordic American Tankers (NAT)'s market capitalization?
Nordic American Tankers (NAT)'s market cap is 1.6 bn USD.

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