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International Seaways, Inc. INSW International Product Carriers — Payments For Drydocking

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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$4.45B+121%

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:PaymentsForDrydocking.

The official record: International Seaways, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is International Seaways, Inc.'s international product carriers — payments for drydocking?
International Seaways, Inc. (INSW) reported international product carriers — payments for drydocking of $7.02M in Q1 2026.
How has International Seaways, Inc.'s international product carriers — payments for drydocking changed year-over-year?
International Seaways, Inc.'s international product carriers — payments for drydocking decreased by 54.2% year-over-year, from $15.33M to $7.02M.
What is the long-term trend for International Seaways, Inc.'s international product carriers — payments for drydocking?
Over 4 years (2021 to 2025), International Seaways, Inc.'s international product carriers — payments for drydocking has grown at a 34.1% compound annual growth rate (CAGR), from $19.02M to $61.43M.
What does international product carriers — payments for drydocking mean?
These are the capital expenditures required for mandatory periodic vessel surveys and maintenance in drydock to ensure regulatory compliance and operational safety. High levels of these payments indicate significant planned maintenance cycles for the fleet.