International Seaways Inc (INSW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 415,640 | 516,460 | 522,762 | 532,182 | 560,324 | 643,218 | 658,663 | 573,608 | 387,979 | 136,473 | -44,804 | -133,892 | -134,260 | -218,097 | -136,273 | -51,914 | -5,530 | 127,251 | 102,175 | 21,293 |
| 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 |
| Pretax margin | 43.68% | 51.25% | 63.00% | 61.55% | 63.87% | 66.67% | 57.06% | 54.61% | 44.87% | 21.97% | -9.55% | -35.46% | -41.59% | -76.57% | -45.44% | -15.13% | -1.31% | 26.02% | 22.19% | 5.46% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $415,640K ÷ $951,613K
= 43.68%
International Seaways Inc's pretax margin has experienced significant fluctuations over the periods provided.
In March 2020, the pretax margin stood at 5.46%, indicating that for every dollar of revenue generated, the company had a pre-tax profit of $0.0546. This figure increased substantially by June 2020 to 22.19%, demonstrating improved profitability during that period.
The company continued to enhance its pretax margin, reaching 26.02% by September 2020. However, by December 2020, the margin turned negative at -1.31%, suggesting that the company incurred pre-tax losses during that quarter.
The negative trend continued into the following periods, with the pretax margin deteriorating further to -15.13% in March 2021, -45.44% in June 2021, and hitting a low of -76.57% in September 2021.
The company started to reverse this negative trend by December 2021, improving the pretax margin to -41.59%, then continued to make progress in the following quarters. By December 2024, the pretax margin had increased to 43.68%, signifying a substantial recovery in profitability.
Overall, the pretax margin of International Seaways Inc displayed a mix of positive and negative trends over the analyzed periods, highlighting both challenges and improvements in the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024