International Seaways Inc (INSW)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	416,724	556,446	387,891	-134,660	-5,531
Revenue	US$ in thousands	951,613	1,071,780	864,665	272,546	421,648
Net profit margin		43.79%	51.92%	44.86%	-49.41%	-1.31%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $416,724K ÷ $951,613K
= 43.79%

The net profit margin of International Seaways Inc has shown significant fluctuations over the years as per the provided data. In December 2020, the net profit margin was negative at -1.31%, indicating that the company had a small net loss relative to its revenue.

However, by December 2021, the net profit margin deteriorated significantly to -49.41%, reflecting a substantial decline in profitability and suggesting that the company incurred significant losses relative to its revenue during that period.

The following years witnessed a notable turnaround in the company's performance, with the net profit margin improving significantly. By December 2022, the net profit margin surged to 44.86%, indicating that International Seaways Inc achieved a strong level of profitability, with 44.86 cents of each dollar in revenue translating into net profit.

In the subsequent years, the trend continued positively with the net profit margin reaching 51.92% in December 2023 and 43.79% in December 2024. These figures reflect a robust profitability level, showcasing that the company effectively converted a high percentage of its revenue into net profit during these periods.

Overall, the fluctuating trend in net profit margin highlights the company's ability to adapt to changing market conditions and improve its profitability over time. It underscores the importance of closely monitoring financial performance metrics to assess the company's financial health and sustainability.