International Seaways (INSW) AI Stock Analysis

• Market Cap: $2.19B
• Dividend Yield: 9.07%
• Average Volume (3M): 563.85K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.47
• Revenue Growth: -22.01%
• EPS Growth: -54.34%
• Country: US
• Employees: 2,899
• Sector: Energy
• Sector Strength: 62
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.02
• Shares Outstanding: 49,366,276
• 10 Day Avg. Volume: 496,036
• 30 Day Avg. Volume: 563,850
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 2.78
• Enterprise Value/Gross Profit: 6.48
• Enterprise Value/Ebitda: 5.03
• 1Y Price Target: $53.00
• Price Target Upside: 20.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 77 Outperform
• Price Target: $50.00 ▲(13.33% Upside)

International Seaways receives a strong overall score due to its robust financial performance, attractive valuation, and positive earnings call sentiment. The company's strong profitability, cash flow generation, and strategic fleet renewal efforts are significant strengths. However, challenges such as declining revenue growth and market uncertainties are areas to watch.

International Seaways Business Overview & Revenue Model

Company Description

International Seaways, Inc. (INSW) is a leading provider of international marine transportation services for crude oil and petroleum products. The company operates a diverse fleet of tankers, including Very Large Crude Carriers (VLCCs), Suezmax, and Aframax vessels, which transport oil and refined products across the globe. With a focus on operational excellence and safety, International Seaways serves a wide range of customers, including major oil companies, national oil companies, and trading companies, ensuring efficient and reliable transportation solutions in the maritime sector.

How the Company Makes Money

International Seaways generates revenue primarily through the chartering of its vessels. The company operates under two main revenue models: time charters and spot charters. In a time charter, the company leases its vessels to customers for a set period, providing a steady income stream. In contrast, spot charters involve leasing vessels for individual voyages based on current market rates, allowing the company to capitalize on favorable market conditions. Additionally, International Seaways benefits from long-term contracts with clients, which provide a stable source of income. The company also engages in strategic partnerships and joint ventures to enhance operational efficiency and expand its market reach, contributing to its overall revenue growth.

International Seaways Financial Statement Overview

Summary

International Seaways demonstrates strong profitability and cash flow generation, but faces challenges with declining revenue growth and a decreasing return on equity. The company's balance sheet remains stable with moderate leverage. To enhance its financial health, the company should focus on reversing the revenue decline and improving ROE. Overall, the financial statements reflect a company with solid fundamentals but facing some growth challenges.

Income Statement

International Seaways has shown a mixed performance in its income statement. The TTM data indicates a significant decline in revenue growth rate at -28.73%, which is a concern. However, the company maintains strong profitability with a net profit margin of 37.39% and an EBIT margin of 43.27%. The gross profit margin has decreased slightly over time, but remains healthy. The company needs to address revenue decline to sustain its profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.33, indicating moderate leverage. The return on equity (ROE) is 12.73%, which is decent but has decreased from previous years. The equity ratio is strong, suggesting a solid capital structure. Overall, the balance sheet is stable, but the declining ROE could be a potential concern if not addressed.

Cash Flow

Cash flow analysis shows a robust free cash flow growth rate of 149.07% in the TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is high at 3.89, suggesting efficient cash conversion. However, the free cash flow to net income ratio is relatively low at 0.26, which could indicate reinvestment needs or other cash uses. Overall, cash flow management appears strong, with some room for improvement in free cash flow utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	798.84M	951.61M	1.07B	864.66M	272.55M	421.65M
Gross Profit	342.08M	478.16M	627.54M	470.52M	-37.80M	169.18M
EBITDA	440.88M	607.08M	744.37M	558.19M	-17.52M	100.87M
Net Income	238.72M	416.72M	556.45M	387.89M	-134.66M	-5.53M
Balance Sheet
Total Assets	2.52B	2.64B	2.52B	2.62B	2.35B	1.59B
Cash, Cash Equivalents and Short-Term Investments	148.81M	157.51M	186.76M	323.74M	97.88M	199.39M
Total Debt	561.73M	711.74M	744.53M	1.07B	1.13B	554.93M
Total Liabilities	623.44M	780.35M	805.06M	1.13B	1.18B	614.50M
Stockholders Equity	1.90B	1.86B	1.72B	1.49B	1.13B	972.04M
Cash Flow
Free Cash Flow	296.98M	261.96M	481.77M	171.12M	-155.21M	165.58M
Operating Cash Flow	378.48M	547.14M	688.40M	287.80M	-76.19M	216.14M
Investing Cash Flow	-12.12M	-155.02M	-124.27M	42.80M	133.29M	32.37M
Financing Cash Flow	-393.70M	-361.38M	-681.12M	-185.79M	-173.84M	-183.07M

International Seaways Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.12
• 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 44.12 is above the 20-day moving average (MA) of 42.47, above the 50-day MA of 40.49, and above the 200-day MA of 36.66, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 61.52 is Neutral, neither overbought nor oversold. The STOCH value of 75.26 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
STNG	81 Outperform	$2.50B	3.53	24.68%	3.26%	-7.25%	31.85%
LPG	79 Outperform	$1.35B	27.61	4.54%	9.86%	-42.64%	-84.82%
TNK	79 Outperform	$1.65B	5.97	15.78%	4.21%	-21.71%	-37.58%
INSW	77 Outperform	$2.19B	9.30	12.61%	9.07%	-22.01%	-54.34%
FRO	77 Outperform	$4.55B	13.16	14.79%	6.67%	0.88%	-45.41%
DHT	75 Outperform	$1.85B	9.83	17.90%	6.83%	-8.89%	21.28%
Sector *	65 Neutral	$15.25B	7.27	3.02%	5.36%	4.27%	-62.52%

International Seaways Corporate Events

International Seaways Secures $239.7M Term Loan Agreement

On August 20, 2025, International Seaways, Inc. entered into a credit agreement with DNB Bank ASA and other financial entities to establish a $239.7 million term loan and a $91.9 million revolving credit facility. This financing is aimed at supporting the construction of six LR1 tanker newbuildings in Korea, enhancing the company’s fleet capabilities and market presence. The facilities are secured by liens on the subsidiaries acquiring the newbuildings and are insured by Korea Trade Insurance Corporation. The agreement includes financial covenants to maintain liquidity and leverage ratios, ensuring the company’s financial stability and operational growth.

International Seaways Reports Strong Q2 2025 Earnings

International Seaways reported a net income of $62 million for the second quarter of 2025, with a focus on fleet optimization and financial stability. The company sold six older vessels and agreed to purchase a modern VLCC, enhancing its fleet and maintaining a strong balance sheet with $709 million in liquidity. The company declared a combined dividend of $0.77 per share for the third quarter, reflecting a 75% payout ratio of adjusted net income.

International Seaways Holds Annual Stockholders Meeting

On June 10, 2025, International Seaways held its Annual Meeting of Stockholders, where 84.33% of the outstanding shares were represented. During the meeting, stockholders elected nine directors, ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2025, approved the compensation of the company’s named executive officers for 2024, and approved the 2025 Management Incentive Compensation Plan.