TSAKOS ENERGY NAVIGATION LTD TEN
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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 EPS4.45
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $798.7M | $804.1M | $889.6M | $860.4M | $546.1M | $644.1M | $597.5M | $529.9M | $529.2M | $481.8M |
| SG&A | $42.1M | $45.4M | $33.3M | $29.9M | $29.1M | $29.0M | $27.7M | $27.0M | $26.3M | $25.6M |
| Total operating expenses | $546.4M | $525.5M | $498.1M | $604.0M | $666.0M | $547.4M | $511.6M | $558.0M | $465.7M | $392.0M |
| Operating income | $252.3M | $278.6M | $391.5M | $256.4M | -$119.9M | $96.7M | $85.9M | -$28.1M | $63.5M | $89.8M |
| Interest expense | $94.0M | $113.3M | $101.8M | $55.5M | $38.6M | $49.6M | $69.0M | $71.9M | $61.9M | $37.4M |
| Net income | $160.9M | $176.2M | $300.2M | $204.2M | -$151.4M | $24.0M | $15.1M | -$99.2M | $7.6M | $55.8M |
| EPS, basic | 4.45 | 5.03 | 9.04 | 6.02 | -9.53 | -0.80 | — | — | — | — |
| EPS, diluted | 4.45 | 5.03 | 9.04 | 6.01 | -9.53 | -0.80 | -1.58 | -7.63 | -0.19 | 0.47 |
| Shares, diluted (wtd. avg.) | $29.7M | $29.5M | $29.5M | $28.2M | $19.7M | $18.8M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $293.3M | $343.4M | $372.0M | $309.4M | $127.2M | $171.8M | $197.8M | $220.5M | $202.7M | $197.8M |
| Receivables | $41.1M | $26.5M | $46.7M | $78.2M | $30.6M | $25.3M | $40.3M | $35.4M | $27.4M | $38.3M |
| Inventory | $12.6M | $18.9M | $22.5M | $26.2M | $22.9M | $21.8M | $13.0M | $20.4M | $16.3M | $18.8M |
| Total current assets | $434.6M | $451.8M | $509.3M | $513.1M | $239.7M | $321.5M | $397.0M | $317.5M | $304.4M | $358.3M |
| Property, plant and equipment | $3.16B | $2.92B | $2.60B | $2.58B | $2.40B | $2.62B | $2.63B | $2.83B | $3.03B | $2.68B |
| Total assets | $3.95B | $3.71B | $3.36B | $3.31B | $2.89B | $3.11B | $3.15B | $3.21B | $3.37B | $3.28B |
| Accounts payable | $42.7M | $55.8M | $40.2M | $48.2M | $74.9M | $55.3M | $36.6M | $37.5M | $46.9M | $52.5M |
| Short-term debt | $295.5M | $245.5M | $185.5M | $194.4M | $172.9M | $232.4M | $235.5M | $160.6M | $225.9M | $288.1M |
| Total current liabilities | $458.0M | $408.5M | $323.2M | $369.7M | $332.1M | $382.0M | $354.2M | $254.3M | $338.9M | $393.3M |
| Long-term debt | $1.49B | $1.35B | $1.22B | $1.22B | $1.20B | $1.27B | $1.30B | $1.44B | $1.53B | $1.47B |
| Retained earnings | $738.4M | $652.7M | $548.2M | $311.7M | $149.5M | $338.8M | $364.0M | $400.9M | $547.9M | $582.9M |
| Total equity | $1.82B | $1.73B | $1.65B | $1.52B | $1.29B | $1.38B | $1.47B | $1.51B | $1.51B | $1.42B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $297.6M | $307.7M | $395.3M | $288.5M | $53.1M | $205.4M | $184.3M | $73.9M | $170.8M | $170.4M |
| Depreciation and amortisation | $148.3M | $138.4M | $122.8M | $120.5M | $126.8M | $127.3M | $128.8M | $137.0M | $131.9M | $107.1M |
| Stock-based compensation | — | — | — | — | — | — | $0 | $0 | $487.0K | $510.0K |
| Capital expenditure | $302.1M | $489.6M | $163.6M | $301.6M | $5.6M | — | — | — | — | — |
| Investing cash flow | -$458.1M | -$441.6M | -$137.4M | -$301.8M | -$8.0M | -$94.6M | -$102.2M | -$179.0K | -$241.8M | -$576.1M |
| Financing cash flow | $110.3M | $105.5M | -$190.6M | $195.5M | -$89.7M | -$136.8M | -$104.9M | -$55.9M | $75.9M | $298.5M |
| Dividends paid | $60.1M | $71.8M | $61.9M | $43.7M | $36.3M | $46.7M | $49.3M | $44.4M | $39.9M | $40.4M |
| Buybacks | — | — | — | — | — | — | — | $0 | $0 | $20.7M |
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 0001193125-26-144027.
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