NYSE · NAT
Nordic American Tanker financials
$7.98+2.44%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.7M | $349.7M | $391.7M | $339.3M | $191.1M | $354.6M | $317.2M | $289.0M | $297.1M | $357.5M |
| Gross profit | $181.8M | $225.1M | $262.2M | $168.8M | $62.8M | $233.5M | $175.4M | $124.0M | $154.7M | $231.5M |
| Gross margin | 62.3% | 64.4% | 66.9% | 49.8% | 32.9% | 65.9% | 55.3% | 42.9% | 52.1% | 64.8% |
| Operating income | $29.0M | $77.3M | $127.9M | $35.9M | -$149.1M | $81.2M | $32.0M | -$32.0M | -$175.7M | $53.3M |
| Net income | $12.3M | $46.6M | $98.7M | $15.1M | -$171.3M | $50.0M | -$10.4M | -$95.3M | -$205.0M | -$4.5M |
| Net margin | 4.2% | 13.3% | 25.2% | 4.5% | −89.7% | 14.1% | −3.3% | −33.0% | −69.0% | −1.2% |
| Diluted EPS | $0.06 | $0.22 | $0.47 | $0.07 | $-1.05 | $0.34 | $-0.07 | $-0.67 | $-1.97 | $-0.05 |
| EBITDA | $86.7M | $133.5M | $179.3M | $86.6M | -$20.5M | $149.1M | $95.9M | $30.9M | $54.4M | $138.9M |
| Operating cash flow | $19.8M | $128.2M | $139.4M | $24.1M | -$44.5M | $110.9M | $52.9M | -$16.1M | $31.7M | $127.8M |
| Free cash flow | -$114.6M | $125.5M | $65.8M | -$71.3M | -$62.2M | $92.9M | $50.3M | -$21.0M | -$5.8M | -$10.6M |
| Diluted shares | 211.8M | 209.9M | 208.8M | 202.0M | 162.5M | 149.3M | 142.6M | 142.0M | 103.8M | 92.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $45.9M | $39.2M | $31.1M | $59.6M | $34.7M | $57.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $439.4M | $282.0M | $301.6M | $317.4M | $335.9M | $362.0M |
| Total assets | $902.2M | $817.6M | $879.2M | $879.9M | $851.2M | $974.3M |
| Total liabilities | $456.6M | $308.8M | $340.9M | $339.9M | $352.9M | $375.2M |
| Shareholders' equity | $445.5M | $508.8M | $538.3M | $540.0M | $498.2M | $599.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology