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OUR BUSINESS International Seaways, Inc., a Marshall Islands corporation incorporated in 1999, and its wholly owned subsidiaries own and operate a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products in the International Flag trade. Our vessel operations are organized into two segments: Crude Tankers and Product Carriers.
40.96% operating margin is above average. ROIC at 10.57%.
Revenue declined 11.4% YoY. Margins deteriorated 6.9pp alongside, both lines moving the wrong way.
Free cash flow declined 31% versus the prior year, cash generation momentum has weakened. ROIC dropped from 14.30% to 10.57%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$985M
▼ -11.4% YoY
Net Income (TTM)
$546M
▼ -25.8% YoY
Op. Margin
58.33%
▼ -6.9pp YoY
ROIC
17.13%
▼ -3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$450M
▼ -30.6% YoY
Op. Cash Flow (TTM)
$451M
▼ -30.5% YoY
Net Debt
$233M
Cash & Equiv.
$377M
5Y CAGR: +14.9%
5Y CAGR: +11.9%
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