International Seaways Inc (INSW)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 416,724 | 513,015 | 519,264 | 528,303 | 556,446 | 642,761 | 658,251 | 573,525 | 387,891 | 135,470 | -45,309 | -134,345 | -134,709 | -217,606 | -136,273 | -52,001 | -5,617 | 127,163 | 102,087 | 21,292 |
| 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 |
| Net profit margin | 43.79% | 50.91% | 62.58% | 61.11% | 63.43% | 66.63% | 57.03% | 54.61% | 44.86% | 21.81% | -9.66% | -35.58% | -41.73% | -76.39% | -45.44% | -15.16% | -1.33% | 26.01% | 22.18% | 5.46% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $416,724K ÷ $951,613K
= 43.79%
International Seaways Inc's net profit margin has exhibited significant fluctuations over the past few quarters. The trend shows that the company experienced a gradual improvement in profitability from March 31, 2020, where the net profit margin was at 5.46%, to September 30, 2023, where it reached a high of 66.63%.
However, starting from December 31, 2023, the net profit margin began to decline, dropping to 43.79% by December 31, 2024. This trend suggests a potential erosion in profitability in the more recent periods.
It is essential for stakeholders to closely monitor the company's financial performance and assess the factors contributing to the fluctuations in the net profit margin to understand the company's overall profitability and sustainability.
Peer comparison
Dec 31, 2024