Nordic American Tankers Financial Statements
NYSE: NATConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 8.49 +0.19%
Nordic American Tankers revenue and earnings
In fiscal 2025, Nordic American Tankers generated $291.7 million in revenue, down 16.6% from fiscal 2024, its first annual decline since 2024. Net income was $12.3 million (-73.7% year over year), for a net margin of 4.2% versus a median of 13.3% in the prior 5 years. Gross margin was 62.3% (down from 64.4%) and operating margin 15.9%.
Diluted earnings per share came in at $0.06, down from $0.22. Over the last 5 fiscal years, NAT's revenue has grown at a -3.8% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Nordic American Tankers income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 291.69M | 349.74M | 391.69M | 339.34M | 191.07M | 354.62M | 317.22M | 289.02M | 297.14M | 357.45M |
| Revenue growth (YoY) | -16.60% | -10.71% | +15.43% | +77.60% | -46.12% | +11.79% | +9.76% | -2.73% | -16.87% | — |
| Cost of Revenue | 109.88M | 124.65M | 129.51M | 170.51M | 128.26M | 121.09M | 141.77M | 165.01M | 142.47M | 125.99M |
| Gross Profit | 181.81M | 225.10M | 262.18M | 168.82M | 62.81M | 233.53M | 175.45M | 124.00M | 154.68M | 231.46M |
| Operating Expenses | 135.47M | 147.78M | 134.29M | 126.96M | 207.28M | 152.30M | 143.48M | 162.62M | 330.37M | 178.12M |
| Operating Income | 46.34M | 77.31M | 127.89M | 41.87M | -144.46M | 81.23M | 31.97M | -38.62M | -175.69M | 53.34M |
| Interest Expense | 35.75M | 30.74M | 30.50M | 27.05M | 26.38M | 31.48M | 38.39M | 34.55M | 20.46M | 11.17M |
| Other Income (Expense) | -34.03M | -30.68M | -29.06M | -26.74M | -26.81M | -31.13M | -42.25M | -48.94M | -20.76M | -11.05M |
| Pretax Income | 12.32M | 46.63M | 98.83M | 15.12M | -171.27M | 50.10M | -10.28M | -87.56M | -196.45M | 42.29M |
| Income Tax | 48.00K | -10.00K | 120.00K | 23.00K | 59.00K | 64.00K | 71.00K | 79.00K | 83.00K | 102.00K |
| Net Income | 12.27M | 46.64M | 98.71M | 15.10M | -171.33M | 50.03M | -10.35M | -95.31M | -204.97M | -4.46M |
| Net Income growth (YoY) | -73.69% | -52.75% | +553.67% | — | -442.43% | — | — | — | — | -103.89% |
| EPS (Basic) | 0.06 | 0.22 | 0.47 | 0.07 | -1.05 | 0.34 | -0.07 | -0.67 | -1.97 | -0.05 |
| EPS (Diluted) | 0.06 | 0.22 | 0.47 | 0.07 | -1.05 | 0.34 | -0.07 | -0.67 | -1.97 | -0.05 |
| Shares Outstanding (Basic) | 211.75M | 209.23M | 208.80M | 202.03M | 162.55M | 149.29M | 142.57M | 141.97M | 103.83M | 92.53M |
| Shares Outstanding (Diluted) | 211.75M | 209.90M | 208.81M | 202.03M | 162.55M | 149.29M | 142.57M | 141.97M | 103.83M | 92.53M |
| EBITDA | 104.08M | 133.46M | 179.29M | 92.29M | -76.11M | 149.06M | 95.94M | 22.08M | -75.02M | 144.23M |
| Gross Margin | 62.33% | 64.36% | 66.94% | 49.75% | 32.87% | 65.85% | 55.31% | 42.91% | 52.05% | 64.75% |
| Operating Margin | 15.89% | 22.11% | 32.65% | 12.34% | -75.61% | 22.91% | 10.08% | -13.36% | -59.13% | 14.92% |
| Net Margin | 4.21% | 13.34% | 25.20% | 4.45% | -89.67% | 14.11% | -3.26% | -32.98% | -68.98% | -125.00% |
This table shows 10 annual periods of Nordic American Tankers's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NAT's reporting calendar. What is a income statement?