PXS
Pyxis Tankers Inc.
PXS's fundamentals are strong, but it looks expensive: trading at 7.0x earnings, about three times its usual 2.4x. Analysts expect strong earnings growth.
PXS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
PXS's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
PXS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1.6x | $1.32 | -77% |
| Fair | 2.4x | $1.92 | -66% |
| Forward | 3.7x | $5.65 | — |
| Current | 7x | $5.65 | — |
| Expensive | 18x | $14.30 | +153% |
Historical ranges are pointers, not guarantees.
PXS's PE is in its expensive range at 7.0x. If earnings grow as analysts expect, today's price would be 3.7x next year's earnings.
PXS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for PXS, with profitability improving.
PXS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.52 | +88% |
| Q3 2024 | $2.76 | +18% |
| Q2 2024 | $2.73 | +7.1% |
| Q1 2024 | $2.54 | -6.3% |
| Q4 2023 | $3.57 | +237% |
| Q3 2023 | $2.34 | +$2.37 |
| Q2 2023 | $2.55 | +$3.42 |
| Q1 2023 | $2.71 | +$4.11 |
| Q4 2022 | $1.06 | +$2.40 |
PXS's earnings per share have fallen from their peak: $0.81 over the past year, against $3.57 in late 2023.
PXS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $12.1M | +33% |
| Q1 2026 | $10M | +3.9% |
| Q4 2025 | $10.5M | -12% |
| Q3 2025 | $9.7M | -30% |
| Q2 2025 | $9.2M | -34% |
| Q1 2025 | $9.6M | -19% |
| Q4 2024 | $12M | -9.2% |
| Q3 2024 | $13.8M | +24% |
PXS's revenue is recovering but still below its 2022 peak: $12M last quarter, up 33% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 36% | +46 points |
| Q1 2026 | 34% | +17 points |
| Q4 2025 | 29% | +19 points |
| Q3 2025 | 22% | -12 points |
| Q2 2025 | -9.5% | -54 points |
| Q1 2025 | 16% | -22 points |
| Q4 2024 | 11% | -35 points |
| Q3 2024 | 34% | -2.5 points |
PXS's operating margin was 36% last quarter, up 46 points from the same quarter a year ago.
PXS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $5.8M | +88% |
| Q1 2026 | $3.4M | -17% |
| Q4 2025 | $2.3M | -62% |
| Q3 2025 | $3.3M | +78% |
| Q2 2025 | $3.1M | +$17.6M |
| Q1 2025 | $4.1M | +$23.9M |
| Q4 2024 | $6.1M | +$7.3M |
| Q3 2024 | $1.9M | +$23.4M |
PXS generated $15M in free cash flow over the past year, down 2.2% from the year before.
PXS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -98.3K shares |
| 1 year | -1.7% | -172K shares |
| 3 years | -19% | -2.4M shares |
| 5 years | +40% | +2.9M shares |
| Available history | +94% | +5M shares |
PXS has 10M diluted shares, down 1.7% from a year ago, with $867,216 in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $74,849 |
| Q1 2026 | $586,000 |
| Q4 2025 | $204,363 |
| Q3 2025 | $2,004 |
| Q2 2025 | $10,417 |
| Q1 2025 | $270,000 |
| Q4 2024 | $1.8M |
| Q3 2024 | $436,000 |
PXS spent $867,216 buying back its own shares over the past year, down 66% from the year before.
PXS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.5x | Moderate |
| Q3 2024 | 1.3x | Healthy |
PXS's net debt is about 1.1 years of its operating earnings (EBITDA), down from 3.4 years a year ago.
PXS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.9 | Neutral |
| Stochastic | 40.3 | Neutral |
PXS's weekly RSI is 49 (neutral) and its Stochastic is 40 (neutral).
PXS PE vs Industrials Sector
| Metric | PXS | Sector median | Relative |
|---|---|---|---|
| PE | 7x | 24x | 71% below |
| PE % | 72 | 58 | 14 pts above |
PXS is trading at 7.0x earnings, a 71% discount to the Industrials sector's median of 24x.
PXS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.91 | 18% below |
| 20 week MA | $5.93 | 4.7% below |
| 50 week MA | $4.68 | 21% above |
| 100 week MA | $3.89 | 45% above |
| 200 week MA | $4.20 | 35% above |
PXS has slipped below its 8- and 20-week averages, though it's still 35% above its 200-week average.
PXS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.48 | $3.25 | -27% |
| 2021 | $3.25 | $2.15 | -34% |
| 2022 | $2.15 | $5.20 | +142% |
| 2023 | $5.20 | $4.17 | -20% |
| 2024 | $4.17 | $3.67 | -12% |
| 2025 | $3.67 | $2.95 | -20% |
| 2026 YTD | $2.95 | $5.65 | +92% |
PXS has finished three years in a row lower, and it's up 92% so far in 2026.