NORDIC AMERICAN TANKERS Ltd NAT
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.06
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.7M | $349.7M | $391.7M | $339.3M | $191.1M | $354.6M | $317.2M | $289.0M | $297.1M | $357.5M |
| Cost of revenue | $109.9M | $124.6M | $129.5M | $170.5M | $128.3M | $121.1M | $141.8M | $165.0M | $142.5M | $126.0M |
| Gross profit | $181.8M | $225.1M | $262.2M | $168.8M | $62.8M | $233.5M | $175.4M | $124.0M | $154.7M | $231.5M |
| SG&A | $28.1M | $28.8M | $22.9M | $18.8M | $15.6M | $17.6M | $13.5M | $12.7M | $12.6M | $12.3M |
| Operating income | $46.3M | $77.3M | $127.9M | $41.9M | -$144.5M | $81.2M | $32.0M | -$38.6M | -$175.7M | $53.3M |
| Interest expense | $35.8M | $30.7M | $30.5M | $27.1M | $26.4M | $31.5M | $38.4M | $34.5M | $20.5M | $11.2M |
| Pre-tax income | $12.3M | $46.6M | $98.8M | $15.1M | -$171.3M | $50.1M | -$10.3M | -$87.6M | -$196.5M | $42.3M |
| Income tax | $48.0K | $10.0K | $120.0K | $23.0K | $59.0K | $64.0K | $71.0K | $79.0K | $83.0K | $102.0K |
| Net income | $12.3M | $46.6M | $98.7M | $15.1M | -$171.3M | $50.0M | -$10.4M | -$95.3M | -$205.0M | -$4.5M |
| EPS, basic | 0.06 | 0.22 | 0.47 | 0.07 | -1.05 | 0.34 | -0.07 | -0.67 | -1.97 | -0.05 |
| EPS, diluted | 0.06 | 0.22 | 0.47 | 0.07 | -1.05 | 0.34 | -0.07 | -0.67 | -1.97 | -0.05 |
| Shares, diluted (wtd. avg.) | $211.8M | $209.9M | $208.8M | $202.0M | $162.5M | $149.3M | $142.6M | $142.0M | $103.8M | $92.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $45.9M | $39.2M | $31.1M | $63.3M | $44.6M | $62.1M | $61.6M | $49.3M | $58.4M | $92.2M |
| Receivables | $19.0M | $16.2M | $26.3M | $20.5M | $9.4M | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | $23.1M | $20.9M |
| Total current assets | $150.9M | $98.8M | $108.9M | $142.7M | $107.1M | $99.5M | $129.4M | $112.9M | $127.0M | $163.7M |
| Property, plant and equipment | — | $749.0K | $969.0K | $730.0K | $756.0K | $242.0K | $65.0K | $128.0K | $169.0K | $338.0K |
| Goodwill | — | — | — | — | — | — | — | — | $0 | $19.0M |
| Total assets | $902.2M | $817.6M | $879.2M | $879.9M | $851.2M | $974.3M | $1.03B | $1.07B | $1.14B | $1.35B |
| Accounts payable | $2.5M | $4.3M | $3.4M | $7.0M | $6.6M | $4.1M | $8.4M | $3.6M | $3.2M | $4.3M |
| Short-term debt | $35.4M | $21.6M | $31.9M | $39.7M | $37.5M | $22.1M | $23.5M | $18.7M | $0 | — |
| Total current liabilities | $67.4M | $59.8M | $70.5M | $72.4M | $67.6M | $39.7M | $59.0M | $36.3M | $25.3M | $21.5M |
| Long-term debt | $388.7M | $248.1M | $269.7M | $266.3M | $283.4M | $334.6M | $375.4M | $417.8M | $388.9M | $442.8M |
| Retained earnings | $1.4M | -$10.9M | -$57.5M | -$156.2M | -$171.3M | $0 | -$10.4M | -$308.8M | -$209.4M | -$4.5M |
| Total equity | $445.5M | $508.8M | $538.3M | $540.0M | $498.2M | $599.1M | $595.4M | $602.0M | $711.1M | $871.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.8M | $128.2M | $139.4M | $24.1M | -$44.5M | $110.9M | $52.9M | -$16.1M | $31.7M | $127.8M |
| Depreciation and amortisation | $57.7M | $56.2M | $51.4M | $50.4M | $68.4M | $67.8M | $64.0M | $60.7M | $100.7M | $90.9M |
| Stock-based compensation | $0 | $1.8M | $2.2M | $476.0K | $339.0K | $285.0K | $156.0K | $413.0K | $522.0K | $430.0K |
| Investing cash flow | -$87.7M | -$2.6M | -$73.7M | -$14.3M | -$3.5M | -$17.5M | -$2.3M | $85.1M | -$46.5M | -$186.8M |
| Financing cash flow | $69.0M | -$115.1M | -$95.7M | $9.0M | $30.5M | -$93.1M | -$38.3M | -$78.0M | -$19.0M | $111.3M |
| Dividends paid | $84.7M | $87.7M | $89.8M | $22.7M | $9.7M | $67.2M | $14.3M | $9.9M | $54.2M | $125.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017809.
Others in SIC 4400
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RCL | ROYAL CARIBBEAN CRUISES LTD | $70.93B | 17.0x | 8.8% |
| CCL | Carnival Corp Ltd. | $32.20B | 11.6x | 6.4% |
| KEX | KIRBY CORP | $7.43B | 22.2x | 3.0% |
| NCLH | Norwegian Cruise Line Holdings Ltd. | $7.15B | 16.9x | 3.7% |
| MATX | Matson, Inc. | $6.75B | 16.3x | -2.3% |
| INSW | International Seaways, Inc. | $5.18B | 16.8x | -11.4% |
| TDW | TIDEWATER INC | $4.69B | 14.2x | 0.5% |
| OMEX | ODYSSEY MARINE EXPLORATION INC | $47.9M | — | -54.0% |