Is the business good?
How good a business is INSW?
International Seaways, Inc. earns 25% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
25%
Return on invested capital · cost of capital 9.0% · 16 points above what the capital costs: growth creates value
- Operating margin
- 64%
Operating margin · Oil & Gas Midstream median 36% · 12 months to Q2 2026
- Cash conversion
- 0.81×
Cash conversion · 1.58× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.77%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 9.5% |
| FY2021 | −41% |
| FY2022 | 51% |
| FY2023 | 57% |
| FY2024 | 48% |
| FY2025 | 41% |
Details›
- Operating margin12 months to Q2 2026
- 64%
- Net margin12 months to Q2 2026
- 62%
- Free cash flow margin
- 50%
- Revenue, trailing twelve months
- $1.26B
- Free cash flow, trailing twelve months
- $632M
- Net income, trailing twelve months
- $779M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 25%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Midstream
Ranks #3 of 27 by Smart Score