International Seaways (INSW) AI Stock Analysis

• Market Cap: $2.82B
• Dividend Yield: 6.12%
• Average Volume (3M): 487.03K
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.73
• Revenue Growth: -23.59%
• EPS Growth: -57.70%
• Country: US
• Employees: 2,899
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.15
• Shares Outstanding: 49,394,530
• 10 Day Avg. Volume: 485,289
• 30 Day Avg. Volume: 487,032
• PEG Ratio: -0.17
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 6.76
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 4.17
• Enterprise Value/Gross Profit: 9.99
• Enterprise Value/Ebitda: 6.62
• 1Y Price Target: $60.33
• Price Target Upside: 5.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $64.00 ▲(12.14% Upside)

The score is driven primarily by strong technical momentum and a constructive earnings outlook supported by robust liquidity and sustained capital returns. Valuation is also supportive with a moderate P/E and high dividend yield. Offsetting these positives are fundamental durability concerns from the significant revenue decline and weaker free cash flow growth.

Positive Factors

Strong Profitability & ROE

Sustained high net margins and a double-digit ROE indicate strong operating efficiency and pricing power in tanker operations. This durable profitability helps fund dividends, capex and vessel renewals, providing resilience through shipping cycles and supporting long-term shareholder returns.

Strong Liquidity and Low Net Leverage

Very strong liquidity and low net loan-to-value provide significant financial flexibility to fund vessel purchases, repay maturing debt, and support dividends or buybacks through cyclical downturns. This materially reduces refinancing and solvency risk over the medium term.

Fleet Renewal and Modernization

Active fleet renewal increases fuel efficiency, lowers operating costs, and improves environmental compliance—boosting long-term charter appeal. A younger, modern fleet enhances operating reliability, resale values and competitive positioning in higher-spec segments.

Negative Factors

Material Revenue Decline

A large multi-quarter revenue decline erodes scale and can pressure fixed-cost absorption in shipping. If sustained, lower top-line trends weaken free cash flow, constrain capital allocation to renewal and dividends, and increase sensitivity to adverse rate cycles.

Declining Free Cash Flow Growth

Falling free cash flow growth reduces the firm's ability to consistently fund dividends, repurchases and reinvestment without tapping liquidity. Over time this limits strategic optionality, heightens reliance on favorable spot rates or asset sales to sustain distributions.

Limited Fresh Charters / Revenue Visibility

A lack of new time charters increases dependence on volatile spot markets and reduces forward revenue visibility. For tanker operators, this elevates earnings and cashflow cyclicality, making planning for capex, debt amortization and steady shareholder returns more challenging.

International Seaways Business Overview & Revenue Model

Company Description

International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

How the Company Makes Money

International Seaways generates revenue primarily through the transportation of crude oil and petroleum products on its fleet of tankers. The company operates under different revenue models, including time charters, spot market contracts, and bareboat charters. In a time charter arrangement, the company leases its vessels to customers for a specified period, ensuring a steady income stream. Spot market contracts allow the company to capitalize on fluctuating market rates, potentially leading to higher revenues during periods of increased demand. Additionally, partnerships with major oil companies and trading houses enhance its market presence and provide access to lucrative shipping contracts. The company's revenue is influenced by various factors, including global oil demand, shipping rates, and operational efficiency.

International Seaways Financial Statement Overview

Summary

Strong profitability (TTM net margin 29.88%) and solid ROE (12.73%) support the score, with moderate leverage (debt-to-equity 0.30). Offsetting this, revenue fell materially (−26.77%) and free cash flow growth declined (−12.47%), raising durability concerns.

Income Statement

International Seaways has shown strong profitability with a high net profit margin of 29.88% in the TTM period, despite a significant revenue decline of 26.77%. The company has maintained healthy EBIT and EBITDA margins, indicating efficient operations. However, the recent revenue contraction is a concern and may impact future profitability if not addressed.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.30, reflecting a balanced approach to leveraging. Return on equity is solid at 12.73%, showcasing effective use of equity to generate profits. However, the equity ratio indicates that a significant portion of assets is financed by equity, which could limit flexibility in capital structure adjustments.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 12.47%, which is concerning. However, the operating cash flow to net income ratio of 1.08 suggests that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio of 0.78 indicates a strong cash conversion, although the recent decline in free cash flow growth needs monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	770.04M	951.61M	1.07B	864.66M	272.55M	421.65M
Gross Profit	321.41M	478.16M	627.54M	470.52M	-37.80M	169.18M
EBITDA	484.59M	614.78M	755.12M	556.09M	-9.57M	105.53M
Net Income	217.58M	416.72M	556.45M	387.89M	-133.49M	-5.53M
Balance Sheet
Total Assets	2.79B	2.64B	2.52B	2.62B	2.35B	1.59B
Cash, Cash Equivalents and Short-Term Investments	413.57M	157.51M	186.76M	323.74M	97.88M	199.39M
Total Debt	803.84M	711.74M	744.53M	1.07B	1.13B	554.93M
Total Liabilities	855.79M	780.35M	805.06M	1.13B	1.18B	614.50M
Stockholders Equity	1.93B	1.86B	1.72B	1.49B	1.17B	972.04M
Cash Flow
Free Cash Flow	70.79M	261.96M	481.77M	171.12M	-155.21M	165.58M
Operating Cash Flow	327.67M	547.14M	688.40M	287.80M	-76.19M	216.14M
Investing Cash Flow	7.55M	-155.02M	-124.27M	42.80M	133.29M	32.37M
Financing Cash Flow	-25.96M	-361.38M	-681.12M	-185.79M	-173.84M	-183.07M

International Seaways Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 57.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INSW, the sentiment is Positive. The current price of 57.07 is above the 20-day moving average (MA) of 53.19, above the 50-day MA of 51.72, and above the 200-day MA of 43.13, indicating a bullish trend. The MACD of 2.03 indicates Negative momentum. The RSI at 65.82 is Neutral, neither overbought nor oversold. The STOCH value of 62.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INSW.

International Seaways Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSW	76 Outperform	$2.82B	13.04	11.43%	6.12%	-23.59%	-57.70%
STNG	72 Outperform	$2.97B	9.53	9.63%	3.19%	-35.37%	-57.86%
DHT	72 Outperform	$2.19B	11.11	18.81%	6.12%	-16.45%	23.94%
FRO	70 Neutral	$5.94B	26.63	9.32%	4.32%	-13.41%	-60.18%
TNK	68 Neutral	$2.12B	6.86	17.02%	3.72%	-20.11%	-26.44%
LPG	66 Neutral	$1.17B	12.25	8.81%	13.08%	-27.21%	-62.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

International Seaways Corporate Events

International Seaways Takes Full Control of Tankers International

On January 27, 2026, a wholly owned subsidiary of International Seaways, Inc. acquired sole ownership of Tankers International, consolidating control over a major VLCC shipping pool and deepening a relationship that has spanned more than 25 years. On the same day, Tankers International launched a new Suezmax pool, into which International Seaways will place its spot trading Suezmax tankers, expanding the platform beyond VLCCs to provide charterers and partners with a broader range of assets, greater operational flexibility and more diversified crude transportation options; this move is intended to enhance earnings potential and decision-making for pool members by leveraging scale, data and expertise across both VLCC and Suezmax fleets, reinforcing International Seaways’ and Tankers International’s positioning in a dynamic crude shipping market.

The most recent analyst rating on (INSW) stock is a Buy with a $64.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Reports Strong Q3 2025 Financial Results

International Seaways reported a net income of $71 million for the third quarter of 2025, with significant developments in their fleet optimization program, including the delivery of new vessels and the sale of older ones. The company also declared a dividend of $0.86 per share for the fourth quarter and extended its share repurchase program. The company successfully issued $250 million in bonds to enhance financial flexibility and repay existing debt, reflecting a strong balance sheet and ongoing commitment to shareholder returns.

The most recent analyst rating on (INSW) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.