ECO
Okeanis Eco Tankers Corp.
ECO's fundamentals are strong: revenue more than doubled and its operating margin rose 29 points to 62%, though free cash flow fell 48%. At 8.2x earnings, it's trading below its usual 9.5x. Analysts expect that strong growth to continue, though they disagree widely on how much.
ECO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Stable | |
| Strong |
ECO's revenue, profitability and balance sheet are currently strong, and its cash flow is stable.
ECO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.8x | $87.67 | — |
| Cheap | 6.7x | $71.57 | -18% |
| Current | 8.2x | $87.67 | — |
| Fair | 9.5x | $102 | +16% |
| Expensive | 14x | $154 | +76% |
Historical ranges are pointers, not guarantees.
ECO's PE is in its fair range at 8.2x. If earnings grow as analysts expect, today's price would be 4.8x next year's earnings, in its cheap range.
ECO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for ECO, with profitability holding steady. However, they disagree widely on these estimates.
ECO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $18.39 | +72% |
| Q2 2026 | $10.72 | +413% |
| Q1 2026 | $5.66 | +128% |
| Q4 2025 | $3.74 | +11% |
| Q3 2025 | $2.39 | -34% |
| Q2 2025 | $2.09 | -45% |
| Q1 2025 | $2.48 | -41% |
| Q4 2024 | $3.38 | -25% |
| Q3 2024 | $3.63 | -32% |
ECO's earnings per share have jumped to their highest in seven years: $10.72 over the past year, up from $2.09 the year before.
ECO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $318.9M | +239% |
| Q1 2026 | $170.2M | +112% |
| Q4 2025 | $126.9M | +49% |
| Q3 2025 | $90.6M | +6.7% |
| Q2 2025 | $93.9M | -16% |
| Q1 2025 | $80.1M | -28% |
| Q4 2024 | $85.2M | -7.1% |
| Q3 2024 | $84.9M | -4.6% |
ECO's revenue has grown year over year for four quarters in a row: $319M last quarter, up 239% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 75% | +36 points |
| Q1 2026 | 58% | +30 points |
| Q4 2025 | 54% | +23 points |
| Q3 2025 | 38% | +6 points |
| Q2 2025 | 39% | -8.6 points |
| Q1 2025 | 28% | -22 points |
| Q4 2024 | 31% | -5.6 points |
| Q3 2024 | 32% | -7.5 points |
ECO's operating margin was 75% last quarter, up 36 points from the same quarter a year ago, near the top of its range since 2019.
ECO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $110.7M | +197% |
| Q1 2026 | -$87.6M | -833% |
| Q4 2025 | -$7.7M | -125% |
| Q3 2025 | $29.5M | +331% |
| Q2 2025 | $37.3M | -27% |
| Q1 2025 | $12M | -84% |
| Q4 2024 | $30.6M | +696% |
| Q3 2024 | $6.9M | -88% |
ECO still generates free cash flow, though less than at its 2026 peak: $45M over the past year.
ECO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.3% | +883K shares |
| 1 year | +21% | +6.9M shares |
| 3 years | +21% | +6.9M shares |
| 5 years | +21% | +6.7M shares |
| Available history | +19% | +6.2M shares |
ECO has 39M diluted shares, up 21% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $11.8M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $11.3M |
| Q4 2024 | $14.5M |
| Q3 2024 | $35.4M |
ECO spent $12M buying back its own shares over the past year, down 81% from the year before.
ECO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 3.4x | Elevated |
| Q4 2024 | 2.9x | Moderate |
| Q3 2024 | 2.8x | Moderate |
ECO's net debt is about a year of its operating earnings (EBITDA), down from 3.6 years a year ago.
ECO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.4 | Neutral |
| Stochastic | 72.9 | Neutral |
ECO's weekly RSI is 61 (neutral) and its Stochastic is 73 (neutral).
ECO PE vs Industrials Sector
| Metric | ECO | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 24x | 66% below |
| PE % | 36 | 49 | 13 pts below |
ECO is trading at 8.2x earnings, a 66% discount to the Industrials sector's median of 24x.
ECO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $89.4 | 1.9% below |
| 20 week MA | $74.1 | 18% above |
| 50 week MA | $57.2 | 53% above |
| 100 week MA | $41.3 | 112% above |
ECO's trend is up, with a small recent dip: it's below only its 8-week average, and 112% above its 100-week average.
ECO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $25.9 | $26.8 | +3.7% |
| 2024 | $26.8 | $21.0 | -22% |
| 2025 | $21.0 | $33.5 | +59% |
| 2026 YTD | $33.5 | $87.7 | +162% |
ECO has finished higher in two of the last three years. It's up 162% so far in 2026.