NAT
Income statement / Annual
Last year (2025), Nordic American Tankers Ltd's total revenue was $292.42 M,
a decrease of 16.39% from the previous year.
In 2025, Nordic American Tankers Ltd's net income was $12.27 M.
See Nordic American Tankers Ltd,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$292.42 M |
$349.74 M |
$391.69 M |
$339.34 M |
$195.76 M |
$354.62 M |
$317.22 M |
$289.02 M |
$297.14 M |
$357.45 M |
| Cost of Revenue |
$234.55 M
|
$243.61 M
|
$240.91 M
|
$284.37 M
|
$264.29 M
|
$255.81 M
|
$271.77 M
|
$306.12 M
|
$330.80 M
|
$297.14 M
|
| Gross Profit |
$57.87 M
|
$106.14 M
|
$150.78 M
|
$54.97 M
|
-$68.53 M
|
$98.81 M
|
$45.45 M
|
-$17.10 M
|
-$33.66 M
|
$60.31 M
|
| Gross Profit Ratio |
0.2
|
0.3
|
0.38
|
0.16
|
-0.35
|
0.28
|
0.14
|
-0.06
|
-0.11
|
0.17
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$28.87 M
|
$28.83 M
|
$22.89 M
|
$18.80 M
|
$15.62 M
|
$17.59 M
|
$13.48 M
|
$12.73 M
|
$12.58 M
|
$12.30 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$28.87 M
|
$28.83 M
|
$22.89 M
|
$18.80 M
|
$15.62 M
|
$17.59 M
|
$13.48 M
|
$12.73 M
|
$12.58 M
|
$12.30 M
|
| Cost And Expenses |
$263.43 M
|
$272.43 M
|
$263.80 M
|
$303.16 M
|
$279.91 M
|
$273.39 M
|
$285.25 M
|
$318.85 M
|
$343.37 M
|
$309.44 M
|
| Interest Income |
$1.61 M
|
$731.00 K
|
$1.30 M
|
$0.00
|
$0.00
|
$0.00
|
$298.00 K
|
$334.00 K
|
$347.00 K
|
$215.00 K
|
| Interest Expense |
$35.75 M
|
$30.74 M
|
$30.50 M
|
$27.06 M
|
$26.38 M
|
$31.39 M
|
$42.55 M
|
$49.28 M
|
$21.11 M
|
$11.27 M
|
| Depreciation & Amortization |
$57.74 M
|
$56.15 M
|
$51.40 M
|
$50.42 M
|
$68.35 M
|
$67.83 M
|
$63.97 M
|
$60.70 M
|
$100.67 M
|
$90.89 M
|
| EBITDA |
$86.73 M |
$133.52 M |
$180.73 M |
$92.60 M |
-$24.69 M |
$149.25 M |
$96.23 M |
$22.41 M |
-$74.67 M |
$144.45 M |
| EBITDA Ratio |
0.3
|
0.38
|
0.46
|
0.27
|
-0.13
|
0.42
|
0.3
|
0.08
|
-0.25
|
0.4
|
| Operating Income Ratio |
0.1
|
0.22
|
0.33
|
0.11
|
-0.43
|
0.23
|
0.1
|
-0.1
|
-0.16
|
0.13
|
| Total Other Income/Expenses Net |
-$16.72 M
|
-$30.68 M
|
-$29.06 M
|
-$21.05 M
|
-$35.27 M
|
-$31.19 M
|
-$42.25 M
|
-$65.40 M
|
-$158.66 M
|
-$52.37 M
|
| Income Before Tax |
$12.27 M
|
$46.63 M
|
$98.83 M
|
$15.12 M
|
-$119.42 M
|
$50.03 M
|
-$10.28 M
|
-$95.23 M
|
-$204.89 M
|
-$4.35 M
|
| Income Before Tax Ratio |
0.04
|
0.13
|
0.25
|
0.04
|
-0.61
|
0.14
|
-0.03
|
-0.33
|
-0.69
|
-0.01
|
| Income Tax Expense |
$0.00
|
-$10.00 K
|
$120.00 K
|
$23.00 K
|
$0.00
|
$0.00
|
$71.00 K
|
$79.00 K
|
$83.00 K
|
$102.00 K
|
| Net Income |
$12.27 M
|
$46.64 M
|
$98.71 M
|
$15.10 M
|
-$119.42 M
|
$50.03 M
|
-$10.35 M
|
-$95.31 M
|
-$204.97 M
|
-$4.46 M
|
| Net Income Ratio |
0.04
|
0.13
|
0.25
|
0.04
|
-0.61
|
0.14
|
-0.03
|
-0.33
|
-0.69
|
-0.01
|
| EPS |
0.058 |
0.22 |
0.47 |
0.0748 |
-0.74 |
0.34 |
-0.0731 |
-0.67 |
-0.73 |
-0.05 |
| EPS Diluted |
0.058 |
0.22 |
0.47 |
0.0748 |
-0.74 |
0.34 |
-0.0731 |
-0.67 |
-0.73 |
-0.0482 |
| Weighted Average Shares Out |
$211.75 M
|
$209.23 M
|
$208.80 M
|
$202.03 M
|
$162.55 M
|
$149.29 M
|
$142.57 M
|
$141.95 M
|
$103.83 M
|
$89.12 M
|
| Weighted Average Shares Out Diluted |
$211.75 M
|
$209.90 M
|
$208.81 M
|
$202.03 M
|
$162.55 M
|
$149.29 M
|
$142.57 M
|
$141.97 M
|
$103.83 M
|
$92.53 M
|
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