| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 84 | 6.6x | 17.8x | Top tier | |
Growth | 68 | 57.4% | 7.1% | Top tier | |
Quality | 84 | 28.3% | 4.5% | Top tier | |
Safety | 81 | 0.3x | 2.6x | Top tier | |
Capital Return | 92 | 8.03% | 2.12% | Top tier | |
Momentum | 99 | 108.5% | 2.9% | Top tier | |
Sentiment | 36 | 3 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
International Seaways operates a fleet of crude oil and petroleum product tankers, generating revenue from spot operations at time charter equivalent rates, time charters that in some cases include profit-sharing, commercial pools, and lightering operations. In Q2 FY2026, the blended spot time charter equivalent averaged $79,000 per day, compared with $27,500 per day in the comparable quarter and $55,600 per day in Q1 FY2026. Crude tanker revenue totaled $253 million, including $51 million from time charter profit-sharing, while lightering operations generated $13 million in revenue and approximately $5 million in earnings before interest, taxes, depreciation, and amortization.
In Q2 FY2026, the company reported revenue of $467.3 million and net income of $294.9 million, equivalent to $5.91 per share. Management announced record adjusted net income of $295 million, adjusted earnings before interest, taxes, depreciation, and amortization of $345 million, and record quarterly free cash flow of $261 million. The news material dated August 10, 2026 cited a net profit margin of 55.4%, while the provided EDGAR data does not include a gross profit figure or margin.
The operating mix reflects direct exposure to the tanker rate cycle, but combines crude tankers, product tankers, spot and time charters, and commercial pools. Profit-sharing arrangements raised the average VLCC tanker return, across both spot and time-chartered vessels, to more than $150,000 per day in Q2 FY2026, while the Panamax International pool averaged more than $70,000 per day during the nine months ended August 2026. Following the launch of the Suezmax pool, the company began consolidating Tankers International Suez for accounting purposes because it controls the majority of participating vessels, with management emphasizing that including the revenue and expenses of third-party vessels does not materially change the economics of International Seaways.
Automated analysis for informational purposes only — not investment advice.
The average analyst target was $93.33, within a range of $80 to $100, with a consensus rating of “Buy”; the average target is below the 52-week range high of $102.36, while the highest target is close to it. The news material dated August 10, 2026 cited a price-to-earnings multiple of 8.4 times and an enterprise value-to-operating earnings multiple of 6.8 times, but the sensitivity of earnings to tanker rates means these multiples are based on a period that recorded record net income and cash flow, while the average early booking rate for Q3 FY2026 declined from the previous quarter’s average.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
The blended spot time charter equivalent averaged $79,000 per day in Q2 FY2026, compared with $27,500 per day a year earlier and $55,600 per day in the previous quarter. Crude tankers generated revenue of $253 million, including $51 million from time charter profit-sharing. These arrangements raised the average return of the spot and time-chartered VLCC fleet to more than $150,000 per day. As a result, the company reported adjusted net income of $295 million and free cash flow of $261 million.
The company is committed to returning at least 85% of adjusted net income and declared a record quarterly dividend of $5.05 per share with its Q2 FY2026 results. Free cash flow in that quarter was $261 million, after paying approximately $225 million in dividends during the same quarter based on the previous declaration of $4.55 per share. It also ended the period with liquidity of approximately $935 million and net debt of approximately $250 million. However, the sustainability of the dividend amount is tied to cyclical earnings and tanker rates, and the provided information does not constitute a commitment to maintain the $5.05 amount in subsequent quarters.
The company ordered four new LR1 tankers for delivery in the second half of 2028, supplementing six tankers ordered approximately three years before the August 10, 2026 call. Four of the six vessels had entered service, with two additional vessels scheduled for Q3 FY2026 according to the call. Management said the price of the new order was approximately similar to the previous order’s price despite double-digit increases in sector newbuilding prices. The ten vessels will operate within the Panamax International pool, which averaged more than $70,000 per day during the nine months ended August 2026.
Management said on August 10, 2026 that the two corridors historically handled approximately 25 million barrels per day of crude oil and petroleum products. The disruptions caused some cargoes to be rerouted along longer routes, increasing ton-mile demand and supporting the tanker market during the period discussed on the call. If the disruptions ease, management believes that rebuilding strategic petroleum reserves could add transportation demand. However, if they persist for a prolonged period, they could pressure the global economy and oil consumption, creating a countervailing risk to shipping volumes.
The company ended Q2 FY2026 with $409 million in cash and $526 million of undrawn revolving facilities, bringing total liquidity to approximately $935 million. Total debt was $651 million, with mandatory payments of approximately $15 million in the second half of 2026, while net debt was approximately $250 million. Management estimated the net fleet loan-to-value ratio at approximately 6%, with a debt cost of approximately 5.5%. The company also owned 25 unencumbered vessels, supporting its financial flexibility.
As of the August 10, 2026 call, the company had booked approximately 48% of expected revenue days for Q3 FY2026 at an average spot time charter equivalent of approximately $61,000 per day. This average is below the $79,000 per day reported in Q2 FY2026, indicating a decline from the quarterly peak if the remaining bookings settle near the same level. Nevertheless, the early booking rate remains well above the fleet’s spot cash breakeven of less than $14,500 per day for the twelve months following the call. Management emphasized that the final rate may differ because more than half of expected revenue days had not been booked as of the call date.
