International Seaways Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The business model works, the balance sheet is genuinely healthy at roughly 6 percent net loan-to-value and $935 million of liquidity, and there is neither an existential dependence on a single customer nor any accounting or governance breach. What remains open is one material operating question: profitability swings violently — from a $133.5 million loss in 2021 to $581.1 million of profit in the first half of 2026 — because 82 percent of revenues are renegotiated daily on the spot market and rates depend on events the company does not control. Under the tie-break rule, the more cautious grade applies. This is expressly not a price judgment: whether the stock is attractive at today's price is not what this rating decides. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
International Seaways is exceptionally solidly financed and earns a great deal of money in the current freight market — more in the quarter to June 30, 2026 than ever before. The low valuation is not an oversight by the market but the priced-in expectation that these rates will not last; the analyst consensus expects earnings of $6.30 per share in 2027 against $14.82 for 2026. Not investment advice.
Balance sheet and funding
At June 30, 2026, equity of $2,265.3 million stood against $645.6 million of financial debt, with roughly $935 million of total liquidity and a net loan-to-value of about 6 percent. The company was in compliance with all financial covenants at the reporting date.
Earning power of the ongoing business
The $294.9 million of quarterly net income (June 30, 2026) contains no one-time item; the company reports adjusted net income of $295.0 million. Against a cash breakeven below $14,500 a day, the fleet realized $79,000.
Predictability of revenues
82 percent of TCE revenues came from the spot market in 2025 (2024: 86 percent, 2023: 91 percent). As of July 1, 2026, only 13 vessels were on time charter, carrying roughly $240 million of future contracted revenue. In 2021 the same business ended the year with a $133.5 million loss.
Quality of reported earnings
Book gains on vessel sales contributed $35.9 million (2023), $32.7 million (2024) and $42.5 million (2025), and $92.0 million of the $286.1 million reported in the first quarter of 2026. In the second quarter of 2026 the effect is absent entirely.
Distribution policy
The ratio of at least 85 percent of adjusted net income has been honored since it was announced in the first quarter of 2026, preceded by six quarters of at least 75 percent. The fixed component, however, remains unchanged at $0.12 per quarter — a 0.5 percent yield on the August 21, 2026 price.
Shareholder position
The takeover defense was extended on April 9, 2026 to April 8, 2029 and ratified at the annual meeting of June 8, 2026 against 14,456,177 opposing votes (34.7 percent of votes cast). In parallel, a window to sell up to $200 million of the company's own shares has been open since May 11, 2026.
Worth Noting
Trigger: the Form 10-Q and the Form 8-K earnings release (Item 2.02) of August 10, 2026, both filed on the same day.
Price and valuation data as of August 21, 2026. All balance-sheet and earnings figures carry the cut-off date of their respective SEC filing.
Possible confusion: International Seaways was spun off from Overseas Shipholding Group (OSG) in 2016 and was temporarily named OSG International, Inc.; the former Diamond S Shipping Inc. has been a subsidiary since July 16, 2021.
Quotations from earnings calls come from the transcripts of the quarterly conference calls and are not SEC filings; each was verified verbatim against the transcript.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at INSW since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 43.30 $ to 110.50 $ · Last price: 110.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Oil & Gas Midstream
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| International Seaways Inc INSW | 5.4 | – | 5.7 | 72.5 | 61.3 | -11.4 | 162.8 |
| Williams Companies Inc WMB | 86.8 | 31.7 | 14.9 | 63.6 | 33.6 | 13.8 | 25.4 |
| Enterprise Products Partners LP EPD | 83.1 | 13.3 | 11.5 | 13.3 | 11.8 | -6.4 | 27.7 |
| Energy Transfer LP ET | 72.6 | 14.4 | 8.2 | 17.5 | 10.4 | -0.1 | 29.1 |
| Kinder Morgan Inc KMI | 69.0 | 21.5 | 13.1 | 49.4 | 29.9 | 12.5 | 18.1 |
| Targa Resources Inc TRGP | 60.2 | 29.5 | 14.9 | 43.2 | 20.9 | 3.1 | 74.9 |
| MPLX LP MPLX | 59.5 | 12.6 | 11.7 | 55.7 | 38.3 | 8.4 | 22.6 |
| ONEOK Inc OKE | 57.5 | 16.6 | 11.6 | 27.2 | 14.9 | 55.4 | 34.7 |
| Cheniere Energy Inc LNG | 55.8 | 47.4 | 10.4 | 36.9 | -53.8 | 24.4 | 15.1 |
| Median of companies shown | 60.2 | 19.0 | 11.6 | 43.2 | 20.9 | 8.4 | 27.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 398 | 23 | -18 | -0.63 | 117 | 1,180 | 1,663 |
| 2017 | 290 | -59 | -106 | -3.64 | -4 | 1,086 | 1,664 |
| 2018 | 270 | -25 | -89 | -3.05 | -12 | 1,010 | 1,849 |
| 2019 | 366 | 66 | -1 | -0.03 | 87 | 1,022 | 1,754 |
| 2020 | 422 | 44 | -6 | -0.19 | 216 | 972 | 1,587 |
| 2021 | 273 | -90 | -133 | -3.48 | -76 | 1,170 | 2,347 |
| 2022 | 865 | 443 | 388 | 7.78 | 288 | 1,488 | 2,615 |
| 2023 | 1,072 | 615 | 556 | 11.26 | 688 | 1,717 | 2,522 |
| 2024 | 952 | 455 | 417 | 8.39 | 547 | 1,856 | 2,636 |
| 2025 | 843 | 306 | 309 | 6.24 | 380 | 2,020 | 2,669 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.72 | -73.00 | 195 | -22.40 | 18.40 | 94 | 26 |
| 2025: Q1 | 1.00 | -65.80 | 183 | -33.20 | 27.00 | 70 | -13 |
| 2025: Q2 | 1.25 | -57.20 | 196 | -24.00 | 31.50 | 86 | 68 |
| 2025: Q3 | 1.42 | -22.60 | 196 | -12.80 | 35.90 | 78 | -9 |
| 2025: Q4 | 2.57 | 255.60 | 268 | 37.60 | 47.60 | 146 | -7 |
| 2026: Q1 | 5.76 | 475.10 | 326 | 77.50 | 87.90 | 141 | 70 |
| 2026: Q2 | 5.91 | 372.80 | 467 | 138.90 | 63.10 | 268 | 268 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 22 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Growth
Quality & Balance Sheet
Aktien.Guide
Breakout & Setup
Dividends
Momentum & Trend
- 21-EMA Trend
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- Mark Minervini: Trend Criteria — 1 Month
- Power Trend
- RS Leader (≥90)
- Richard Moglen: Top Performers 3/6 Month
- Stan Weinstein: Stage 2
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 14.82 | 14.24 – 15.46 | 1,335 | 173.5% | 4 |
| 12/31/2027 | 6.30 | 2.40 – 8.02 | 998 | -57.5% | 5 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 7.7% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $269.3M |
|---|---|
| Market cap | $5.39B |
| Free cash flow in year ten | $567.0M |
| Terminal value as a share of market value | 55.4% |
For comparison: over the past five years free cash flow shrank by 25.5% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
International Seaways betreibt Rohöl- und Produktentanker; künstliche Intelligenz kommt in den sechs ausgewerteten SEC-Berichten ausschließlich in der Beschreibung eines eingekauften Endgeräte-Schutzprogramms vor — weder verkauft noch nutzt das Unternehmen KI im eigenen Geschäftsmodell, und eine Bedrohung durch KI wird in keinem Filing behauptet.
View the full file — quotes, sources, reviewed filings
„All endpoints have a next-generation anti-virus tool installed that uses a combination of artificial intelligence, behavioral detection, and machine learning algorithms to anticipate and prevent known and unknown threats."
Auf allen Endgeräten ist ein Virenschutz der neuen Generation installiert, der eine Kombination aus künstlicher Intelligenz, Verhaltenserkennung und Algorithmen des maschinellen Lernens nutzt, um bekannte und unbekannte Bedrohungen vorherzusehen und abzuwehren.
10-K · 2026-02-26 · View SEC filing
„All endpoints have a next-generation anti-virus tool installed that uses a combination of artificial intelligence, behavioral detection, and machine learning algorithms to anticipate and prevent known and unknown threats."
Auf allen Endgeräten ist ein Virenschutz der neuen Generation installiert, der eine Kombination aus künstlicher Intelligenz, Verhaltenserkennung und Algorithmen des maschinellen Lernens nutzt, um bekannte und unbekannte Bedrohungen vorherzusehen und abzuwehren.
10-K · 2025-02-27 · View SEC filing
Filings Reviewed: 10-K 2026-02-26 · 10-K 2025-02-27 · 10-Q 2026-08-10 · 10-Q 2026-05-07 · 10-Q 2025-11-06 · 10-Q 2025-08-06
Rated on August 24, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -0.8%
- More than 10% revenue growth is expected for the coming year -25.8%
- Share count grows by less than 3% a year -0.2%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -6.9%
- Gross margin at 40% or higher and without meaningful erosion 42.3%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 0.8 x EBITDA
- Operating cash flow covers the profits of the last three years 333 m
- Return on capital at 15% or higher, or up versus two years ago 11.9%
- Insiders hold at least 10% or are net buyers 16.2%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 8.7%
- Exp. sales growth 3Y > 5% 8.8%
- EBIT growth 10Y > 5% 33.5%
- Exp. EBIT growth 3Y > 5% 0.5%
- Net debt < 4x EBIT 1.3x
- EBIT positive, 10Y straight 7
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 15.3%
- ROCE > 15% 11.9%
- Expected return > 10% 1.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Zabrocky Lois K | President & CEO | Sell | 2,000 | 108.01 | 216,012 |
| Aug 17, 2026 | Zabrocky Lois K | President & CEO | Sell | 2,000 | 98.44 | 196,884 |
| Jul 15, 2026 | Pribor Jeffrey | SVP & CFO | Sell | 1,000 | 87.49 | 87,490 |
| Jul 15, 2026 | Zabrocky Lois K | President & CEO | Sell | 2,000 | 87.59 | 175,175 |
The company
About the Company
International Seaways, Inc. besitzt und betreibt eine Flotte von Hochseeschiffen für den Transport von Rohöl und Erdölprodukten im internationalen Flaggenhandel.
- CEO Insider Trades (12 Mo.)
- selling own stock
- Employees
- 2,837
- Headquarters
- New York, NY
- Address
- 600 Third Avenue, 10016 New York, United States
- Phone
- 212 578 1600
- Website
- intlseas.com
- IPO Date
- 12/01/2016
- ISIN
- MHY410531021
Management
| Name | Title | Birth Year |
|---|---|---|
| Lois K. Zabrocky | President, CEO & Director | 1970 |
| Jeffrey D. Pribor | Senior VP & CFO | 1958 |
| William F. Nugent | Senior VP & Chief Technical and Sustainability Officer | 1968 |
| James D. Small III | Chief Administrative Officer, Senior VP, General Counsel & Secretary | 1969 |
| Derek G. Solon | Senior VP & Chief Commercial Officer | 1976 |
| Thomas Trovato | Vice President of Corporate Finance & Investor Relations | – |
| Adewale O. Oshodi | VP & Controller | 1980 |
| Debra Grillo | Treasurer | 1968 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/10/2026 International Seaways, Inc. (INSW): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.