International Seaways Inc (INSW)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 555,948 581,879 407,285 446,979 466,436 567,718 742,580 653,370 470,516 223,472 66,325 -31,808 -38,810 -32,214 21,552 107,249 169,175 228,105 193,146 114,445
Revenue (ttm) US$ in thousands 951,613 1,007,734 829,787 864,581 877,310 964,733 1,154,319 1,050,313 864,665 621,178 469,165 377,539 322,813 284,846 299,913 343,067 421,648 488,967 460,362 389,647
Gross profit margin 58.42% 57.74% 49.08% 51.70% 53.17% 58.85% 64.33% 62.21% 54.42% 35.98% 14.14% -8.43% -12.02% -11.31% 7.19% 31.26% 40.12% 46.65% 41.96% 29.37%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $555,948K ÷ $951,613K
= 58.42%

International Seaways Inc's gross profit margin has exhibited fluctuations over the given periods. The margin started at 29.37% in March 31, 2020, and experienced significant increases reaching a peak of 64.33% in June 30, 2023. However, a notable decline was seen in the subsequent quarters of September 30, 2023, to March 31, 2024, before recovering to levels above 50% in the latter half of 2024. Overall, the trend indicates variability in the company's ability to generate profits from its core operations over the analyzed timeframe.