Nordic American Tankers Ltd. operates as an international tanker company. The firm has a fleet of approximately 20 Suezmax crude oil tankers. Its Suezmax vessels have a carrying capacity of one million barrels of oil. The firm's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have the same freight capacity and ability to transport the same type of cargo. Its vessels include Nordic Pollux, Nordic Apollo, Nordic Luna, Nordic Castor, Nordic Freedom, Nordic Sprinter, Nordic Skier, Nordic Vega, Nordic Light, Nordic Cross, Nordic Breeze, Nordic Zenith, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus, Nordic Hunter and Nordic Harrier.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
182
182
349
391
339
191
Revenue Growth (YoY)
-48%
-48%
-11%
15%
77%
-46%
Cost of Revenue
66
66
187
189
233
195
Gross Profit
115
115
162
202
105
-4
Selling, General & Admin
28
28
28
22
18
15
Research & Development
--
--
--
--
--
--
Operating Expenses
85
85
84
74
69
79
Other Non Operating Income (Expenses)
0
0
0
0
0
0
Pretax Income
12
12
46
98
15
-171
Income Tax Expense
--
--
0
0
0
0
Net Income
12
12
46
98
15
-171
Net Income Growth
-74%
-74%
-53%
553%
-109%
-442%
Shares Outstanding (Diluted)
211.75
211.75
209.89
208.81
202
162.5
Shares Change (YoY)
-1%
1%
1%
3%
24%
9%
EPS (Diluted)
0.05
0.05
0.22
0.47
0.07
-1.05
EPS Growth
-73%
-74%
-53%
575%
-107%
-409%
Free Cash Flow
--
--
125
65
19
-49
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
63.18%
63.18%
46.41%
51.66%
30.97%
-2.09%
Operating Margin
15.93%
15.93%
22.06%
32.48%
10.61%
-43.97%
Profit Margin
6.59%
6.59%
13.18%
25.06%
4.42%
-89.52%
Free Cash Flow Margin
--
--
35.81%
16.62%
5.6%
-25.65%
EBITDA
86
86
133
178
86
-16
EBITDA Margin
47.25%
47.25%
38.1%
45.52%
25.36%
-8.37%
D&A For EBITDA
57
57
56
51
50
68
EBIT
29
29
77
127
36
-84
EBIT Margin
15.93%
15.93%
22.06%
32.48%
10.61%
-43.97%
Effective Tax Rate
--
--
0%
0%
0%
0%
Follow-Up Questions
What are Nordic American Tankers Ltd's key financial statements?
According to the latest financial statement (Form-10K), Nordic American Tankers Ltd has a total asset of $902, Net profit of $12
What are the key financial ratios for NAT?
Nordic American Tankers Ltd's Current ratio is 1.97, has a Net margin is 6.59, sales per share of $0.85.
How is Nordic American Tankers Ltd's revenue broken down by segment or geography?
Nordic American Tankers Ltd largest revenue segment is Spot Charter, at a revenue of 346,409,000 in the most earnings release.For geography, Global is the primary market for Nordic American Tankers Ltd, at a revenue of 391,687,000.
Is Nordic American Tankers Ltd profitable?
yes, according to the latest financial statements, Nordic American Tankers Ltd has a net profit of $12
Does Nordic American Tankers Ltd have any liabilities?
yes, Nordic American Tankers Ltd has liability of 456
How many outstanding shares for Nordic American Tankers Ltd?
Nordic American Tankers Ltd has a total outstanding shares of 211.75