Reading the tape
NYSE: INSW
International Seaways, Inc.
Energy · Oil & Gas Midstream
Market Cap
$4.35B
52w High
$88.52
52w Low
$35.60
P/E
14.02
Volume
397.92K
Outstanding Shares
49.50M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 139.73%Revenue (TTM): -11.38%FCF (TTM): -85.44%P/FCF: 96th pct
What changed
The stock rose 139.73% over the last year. Revenue declined 11.38% over the trailing twelve months. Operating margin moved from 47.84% to 42.39%. Free cash flow declined 85.44% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 96th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 42.39%) would need to stabilize or improve to justify the move. Revenue is declining 11.38% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.
CEOLois K. Zabrocky
SectorEnergy
IndustryOil & Gas Midstream
Employees2,899
IPO dateNov 16, 2016
Valuation
Forward P/E—
EV/EBITDA5.58
Enterprise value$2.85B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth37.65%
Gross margin47.17%▼15.84%vs FY2024
Operating margin42.39%▼24.05%vs FY2024
ROE15.31%▼31.82%vs FY2024
Analyst consensus
RatingBuy
Target price$83.33▼5.19%
10
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $2.68 · Revenue est $279.34M
View
Dividends
$4.38/shareQuarterlyAt RiskINSW pays a dividend with a 4.98% dividend yield, growing at 64.94% annually, covered 0.3× by free cash flow.
Dividend Yield
4.98%
Annual Div / Share
$4.38
5yr CAGR
+64.94%
Doubles every ~1.4yr
Payout Ratio
46.76%
At Risk
Dividend Growth Rate
3yr CAGR
+27.31%
5yr CAGR
+64.94%
Dividend Safety
4/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$2.93-49.2%
2024$5.77-8.3%
2023$6.29+343.0%
2022$1.42+4.4%
2021$1.36+466.7%
2020$0.24—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$50/yr
$4/mo
In 5 yrs
$88/yr+76%
$7/mo
In 10 yrs
$155/yr+211%
$13/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$50/yr $4/mo | $88/yr+76% $7/mo | $155/yr+211% $13/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 4.98% → 15.48% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 64.94% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.26× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.