NORDIC AMERICAN TANKERS Ltd
NAT NYSE· Water Transportation
Last close · Oct 23, 2026
$7.86
KIRA · Stoqly’s AI analyst, in plain words
- NORDIC AMERICAN TANKERS Ltd had $292M of revenue in fiscal 2025, down 16.6% on the year before. Over five years, revenue changed −3.8% a year on average.
- Its operating margin was 15.9%, down 6.2 pts: of every 100 in sales, about 16 is left after running the business.
- NORDIC AMERICAN TANKERS Ltd made $12.3M of net profit in fiscal 2025.
- NORDIC AMERICAN TANKERS Ltd returned $76.2M to shareholders in fiscal 2025. The diluted share count rose 0.9%.
- NORDIC AMERICAN TANKERS Ltd owes $378M more than it holds in cash, about 3.6 years of operating profit.
Market cap
$1.7B
P/E
131.0x
Revenue
$292M
Net income
$12.3M
Free cash flow
—
Operating margin
15.9%
NORDIC AMERICAN TANKERS Ltd in 30 seconds · fiscal 2025
Are sales growing?
−16.6%
No. Sales fell 16.6% last year.
Does it make a profit?
4.2%
A little. It keeps 4.2% of every sale as profit.
Is debt under control?
3.6x
Heavy. Repaying its debt would take 3.6 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
131.0x
One share costs 131.0 times its yearly profit per share.
What NORDIC AMERICAN TANKERS Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- NORDIC AMERICAN TANKERS Ltd
- CIK
- 0001000177
NORDIC AMERICAN TANKERS Ltd · NAT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $191M | $339M | $392M | $350M | $292M |
| Revenue growth | −46.1% | 77.6% | 15.4% | −10.7% | −16.6% |
| Gross margin | 32.9% | 49.8% | 66.9% | 64.4% | 62.3% |
| Operating margin | −75.6% | 12.3% | 32.7% | 22.1% | 15.9% |
| Net income | −$171M | $15.1M | $98.7M | $46.6M | $12.3M |
| Net margin | −89.7% | 4.5% | 25.2% | 13.3% | 4.2% |
| Diluted EPS | −$1.05 | $0.07 | $0.47 | $0.22 | $0.06 |
| Cash | |||||
| Cash from operations | −$44.5M | $24.1M | $139M | $128M | $19.8M |
| Dividends paid | $9.7M | $22.7M | $89.8M | $75.1M | $76.2M |
| Share count change | 8.9% | 24.3% | 3.4% | 0.5% | 0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $34.7M | $59.6M | $31.1M | $39.2M | $45.9M |
| Debt incl. finance leases | $321M | $306M | $302M | $270M | $424M |
| Shareholders' equity | $498M | $540M | $538M | $509M | $446M |
| Net debt / EBITDA | — | 2.7x | 1.5x | 1.7x | 3.6x |
| Current ratio | 1.6x | 2.0x | 1.5x | 1.7x | 2.2x |
| Interest coverage | −5.5x | 1.5x | 4.2x | 2.5x | 1.3x |
| Returns and quality | |||||
| Return on capital | −14.5% | 5.3% | 15.8% | 10.5% | 5.6% |
| Return on equity | −31.2% | 2.9% | 18.3% | 8.9% | 2.6% |
| Return on tangible equity | −34.4% | 2.8% | 18.3% | 9.2% | 2.8% |
| Piotroski F-score | 1 | 8 | 7 | 5 | 4 |
| Altman Z'' | −0.0 | 1.9 | 2.7 | 2.6 | 2.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NORDIC AMERICAN TANKERS Ltd · NAT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $7.86 a share, the company is worth $1.7B: 131.0 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001000177). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.