INSW
International Seaways, Inc.
INSW's fundamentals are strong: revenue about doubled and its operating margin rose 37 points to 70%. At 5.0x earnings, it's trading in line with its usual 5.1x. Analysts expect that strong growth to continue, though they disagree widely on how much.
INSW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
INSW's revenue, profitability, cash flow and balance sheet are all currently strong.
INSW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.7x | $77.87 | -26% |
| Forward | 4x | $105 | — |
| Current | 5x | $105 | — |
| Fair | 5.1x | $108 | +2.9% |
| Expensive | 12x | $256 | +144% |
Historical ranges are pointers, not guarantees.
INSW's PE is in its fair range at 5.0x. If earnings grow as analysts expect, today's price would be 4.0x next year's earnings, in its cheap range.
INSW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for INSW, with profitability holding steady. However, they disagree widely on these estimates.
INSW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $26.32 | +25% |
| Q3 2026 | $21.12 | +382% |
| Q2 2026 | $15.64 | +226% |
| Q1 2026 | $10.98 | +70% |
| Q4 2025 | $6.23 | -26% |
| Q3 2025 | $4.38 | -58% |
| Q2 2025 | $4.80 | -54% |
| Q1 2025 | $6.46 | -40% |
| Q4 2024 | $8.38 | -26% |
INSW's earnings per share have jumped to their highest in seven years: $21.12 over the past year, up from $4.38 the year before.
INSW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $483.2M | +146% |
| Q2 2026 | $467.3M | +139% |
| Q1 2026 | $325.5M | +77% |
| Q4 2025 | $267.9M | +38% |
| Q3 2025 | $196.4M | -13% |
| Q2 2025 | $195.6M | -24% |
| Q1 2025 | $183.4M | -33% |
| Q4 2024 | $194.6M | -22% |
INSW's revenue has grown year over year for four quarters in a row: $483M last quarter, up 146% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 73% | +33 points |
| Q2 2026 | 64% | +29 points |
| Q1 2026 | 89% | +56 points |
| Q4 2025 | 52% | +28 points |
| Q3 2025 | 40% | -4.8 points |
| Q2 2025 | 35% | -25 points |
| Q1 2025 | 32% | -24 points |
| Q4 2024 | 23% | -36 points |
INSW's operating margin was 73% last quarter, up 33 points from the same quarter a year ago, near the top of its range since 2019.
INSW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $242.4M | +210% |
| Q2 2026 | $267.6M | +213% |
| Q1 2026 | $140.7M | +102% |
| Q4 2025 | $145.2M | +56% |
| Q3 2025 | $78.3M | -39% |
| Q2 2025 | $85.6M | -49% |
| Q1 2025 | $69.6M | -55% |
| Q4 2024 | $93.1M | -26% |
INSW generated $796M in free cash flow over the past year, up 144% from the year before.
INSW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +48K shares |
| 1 year | +0.6% | +299K shares |
| 3 years | +1.3% | +631K shares |
| 5 years | +78% | +21.9M shares |
| Available history | +71% | +20.7M shares |
INSW has 50M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | $25M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | — |
| Q4 2021 | $16.7M |
| Q3 2021 | — |
| Q2 2021 | — |
INSW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.9x | Very low |
INSW's net debt is less than a year of its operating earnings (EBITDA).
INSW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.8 | Neutral |
| Stochastic | 46.7 | Neutral |
INSW's weekly RSI is 56 (neutral) and its Stochastic is 47 (neutral).
INSW PE vs Energy Sector
| Metric | INSW | Sector median | Relative |
|---|---|---|---|
| PE | 5x | 13x | 62% below |
| PE % | 48 | 61 | 13 pts below |
INSW is trading at 5.0x earnings, a 62% discount to the Energy sector's median of 13x.
INSW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.6 | 4.5% below |
| 20 week MA | $101.5 | 3.1% above |
| 50 week MA | $82.0 | 28% above |
| 100 week MA | $61.3 | 71% above |
| 200 week MA | $54.3 | 93% above |
INSW's trend is up, with a small recent dip: it's below only its 8-week average, and 93% above its 200-week average.
INSW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.0 | $16.6 | -43% |
| 2021 | $16.6 | $14.7 | -11% |
| 2022 | $14.7 | $37.9 | +158% |
| 2023 | $37.9 | $45.5 | +20% |
| 2024 | $45.5 | $35.8 | -21% |
| 2025 | $35.8 | $48.5 | +36% |
| 2026 YTD | $48.5 | $104.7 | +116% |
INSW's yearly returns have swung widely, from +158% in 2022 to −43% in 2020. It's up 116% so far in 2026.