International Seaways, Inc. (INSW) FY2025 10-K Annual Report
International Seaways, Inc. (INSW) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
International Seaways, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: ownership and operation of 70 oceangoing crude oil and petroleum product vessels under International Flag
- • New emphasis on 4 dual-fuel ready LR1 newbuilds contracted for 2026 delivery, increasing fleet to 74 vessels
Management Discussion & Analysis
- • Total revenue (TCE) $819.6M in 2025, down 12% from $933.1M in 2024, driven by $112.4M rate decline in Product Carriers and fleet changes in VLCCs
- • Operating margin (adjusted income from vessel operations / TCE revenue): Crude Tankers 50.4% in 2025 vs 48.4% in 2024; Product Carriers 36.2% in 2025 vs 53.7% in 2024
Risk Factors
- • Cybersecurity risk oversight by Governance Committee with quarterly updates on threats and incidents from CISO's risk register
- • CISO with 30+ years maritime IT and cybersecurity experience managing cybersecurity risk program
International Seaways, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$843M
▼ -11.4% YoY
Net Income
$309M
▼ -25.8% YoY
Operating Margin
41.0%
▼ -688bp YoY
Net Margin
36.7%
▼ -712bp YoY
ROE
15.3%
▼ -714bp YoY
Total Assets
$2.7B
▲ +1.2% YoY
EPS (Diluted)
$6.23
▼ -25.7% YoY
Operating Cash Flow
$380M
▼ -30.5% YoY
Source: XBRL data from International Seaways, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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