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International Seaways, Inc. INSW International Product Carriers — Adjusted Assets

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Other financials

Income statement

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Revenue$325.5M+77.5%
Operating income$288.6M+388%
Net income$286.1M+477%
EPS (diluted)$5.75+475%

Balance sheet

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Cash & equivalents$141.8M+6.8%
Total debt$610.1M-0.6%
Total equity$2.2B+17.4%
Total assets$2.9B+12.9%

Cash flow

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Operating cash flow$141.1M+102%
CapEx$319.0K-15.2%
Free cash flow$140.7M+102%

Valuation

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Market cap$4.61B+114%
Enterprise value$5.08B+97.8%
P/E8.5×-0.6×
P/S4.7×+2.0×

Profitability

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Operating margin58.3%+16.5pp
Net margin55.4%+18.0pp
FCF margin45.6%-7.8pp

Returns & leverage

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Return on equity26.9%+9.3pp
Debt / equity0.3×-0.1×
Current ratio7.3×+4.6×

Where this comes from

Reported directly by International Seaways, Inc. in its filing.

Tagged under the XBRL concept insw:AdjustedAssets.

The source filing: International Seaways, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 8:16 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-056721
(Dollars in thousands) / Three months ended March 31, 2026:Crude / TankersProduct / CarriersTotals
Depreciation and amortization19,97520,59240,567
Gain on disposal of vessels and other assets, net(52,614)(35,557)(88,171)
Adjusted income from vessel operations129,41078,533207,943
Adjusted total assets at March 31, 20261,352,6511,118,1842,470,835
Expenditures for vessels and vessel improvements17770,47870,655
Payments for drydocking6,8287,02213,850
Three months ended March 31, 2025:
Shipping revenues$88,004$95,390$183,394

Cover / Front Matter

FAQ

What is International Seaways, Inc.'s international product carriers — adjusted assets?
International Seaways, Inc. (INSW) reported international product carriers — adjusted assets of $1.12B in Q1 2026.
How has International Seaways, Inc.'s international product carriers — adjusted assets changed year-over-year?
International Seaways, Inc.'s international product carriers — adjusted assets increased by 5.2% year-over-year, from $1.06B to $1.12B.
What is the long-term trend for International Seaways, Inc.'s international product carriers — adjusted assets?
Over 4 years (2021 to 2025), International Seaways, Inc.'s international product carriers — adjusted assets has grown at a 19.8% compound annual growth rate (CAGR), from $2.06B to $4.24B.
What does international product carriers — adjusted assets mean?
This reflects the total value of assets specifically attributed to the product carrier segment, adjusted for internal accounting purposes. It is used to assess the capital base deployed to generate segment revenue and to calculate return on invested capital.

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