NAT

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Nordic American Tankers Limited

Cyclical demand Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $8.17
52-Week Range: $3.10 – $8.43
Market Cap: $1.78B
P/E (TTM): 14.27
EPS (TTM): 0.59
Dividend Yield: 12.83%

Advanced Metrics

Price/Book: 3.73
PEG Ratio: 1.21
Return on Equity: 25.66%
Return on Assets: 7.17%
Gross Margin: 53.24%
Operating Margin: 51.91%
Profit Margin: 33.28%
Current Ratio: 3.27
Debt/Equity: 0.85
Total Debt: $406.57M
Free Cash Flow: $72.57M
Revenue Growth: 97.50%
Earnings Growth: —
Enterprise Value: $2.06B

NAT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$339.34M	$391.69M	$349.74M	$291.69M
Cost of Revenue	$284.37M	$240.91M	$243.61M	$234.55M
Gross Profit	$54.97M	$150.78M	$106.14M	$57.14M
Selling, General & Admin	$18.80M	$22.89M	$28.82M	$28.14M
Operating Expenses	$18.80M	$22.89M	$28.82M	$27.41M
Operating Income	$36.18M	$127.89M	$77.31M	$29.72M
EBITDA	$89.00M	$179.27M	$132.67M	$105.06M
Pretax Income	$15.12M	$98.83M	$46.63M	$12.32M
Income Tax	$23.00K	$120.00K	-$10.00K	$48.00K
Net Income	$15.10M	$98.71M	$46.64M	$12.27M
Diluted EPS	0.07	0.47	0.22	0.06
Diluted Shares	202.03M	208.80M	209.23M	211.75M

NAT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$59.58M	$31.08M	$39.18M	$45.86M
Receivables	$20.47M	$26.29M	$16.22M	$19.04M
Inventory	$25.43M	$31.18M	$21.93M	$19.93M
Current Assets	$142.66M	$108.91M	$98.77M	$150.87M
Total Assets	$879.88M	$879.20M	$817.59M	$902.16M
Current Liabilities	$72.41M	$70.48M	$59.78M	$67.42M
Long-Term Debt	$266.34M	$269.70M	$248.14M	$388.74M
Total Debt	$306.57M	$301.60M	$269.70M	$424.14M
Total Liabilities	$339.90M	$340.89M	$308.77M	$456.64M
Retained Earnings	-$156.23M	-$57.52M	-$10.87M	$1.40M
Shareholders' Equity	$539.98M	$538.33M	$508.81M	$445.52M
Working Capital	$70.25M	$38.43M	$38.99M	$83.45M
Net Debt	$246.45M	$270.52M	$230.53M	$378.28M

NAT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$24.13M	$139.44M	$128.16M	$19.82M
Capital Expenditure	-$95.42M	-$73.67M	-$2.62M	-$134.45M
Free Cash Flow	-$71.28M	$65.78M	$125.54M	-$114.63M
Depreciation & Amortisation	$50.42M	$51.40M	$56.15M	$57.73M
Stock-Based Compensation	$476.00K	$2.20M	$1.85M	$0.00
Investing Cash Flow	-$14.34M	-$73.67M	-$2.62M	-$87.70M
Financing Cash Flow	$9.01M	-$95.67M	-$115.05M	$68.99M
Dividends Paid	-$22.68M	-$89.78M	-$87.69M	-$84.70M
Share Repurchases	$0.00	$0.00	-$3.55M	$0.00
Net Change in Cash	$18.80M	-$29.90M	$10.49M	$1.12M

NAT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$37.95M	$40.15M	$45.69M	$167.91M	$77.51M	$79.30M
Cost of Revenue	$29.75M	$33.34M	$31.87M	$139.59M	$29.88M	$28.57M
Gross Profit	$8.20M	$6.81M	$13.82M	$28.31M	$47.64M	$50.73M
Selling, General & Admin	$6.85M	$6.38M	$7.04M	$7.88M	$9.28M	$9.57M
Operating Expenses	$6.85M	$6.38M	$7.04M	$7.15M	$7.47M	-$5.07M
Operating Income	$1.35M	$434.00K	$6.78M	$21.16M	$40.16M	$55.80M
EBITDA	$11.61M	$8.39M	$7.04M	$20.30M	$54.89M	$76.26M
Pretax Income	$4.25M	-$852.00K	-$2.78M	$11.71M	$46.29M	$68.33M
Net Income	$4.25M	-$852.00K	-$2.78M	$11.66M	$46.29M	$68.33M
Diluted EPS	0.02	0.00	-0.01	0.06	0.22	0.32
Diluted Shares	211.75M	211.75M	211.75M	211.75M	211.75M	211.75M

NAT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$103.23M	$94.49M	$67.58M	$45.86M	$81.12M	$133.29M
Receivables	$16.78M	$14.50M	$16.06M	$19.04M	$23.18M	$21.81M
Inventory	$20.78M	$19.08M	$21.01M	$19.93M	$15.93M	$15.14M
Current Assets	$156.35M	$150.93M	$131.88M	$150.87M	$194.91M	$224.08M
Total Assets	$867.27M	$957.39M	$926.96M	$902.16M	$901.26M	$917.50M
Current Liabilities	$101.54M	$64.70M	$67.50M	$67.42M	$64.98M	$68.43M
Long-Term Debt	$264.34M	$406.89M	$397.65M	$388.74M	$379.99M	$371.16M
Total Debt	$340.45M	$442.30M	$433.05M	$424.14M	$415.39M	$406.57M
Total Liabilities	$366.68M	$472.35M	$465.84M	$456.64M	$445.32M	$439.87M
Retained Earnings	—	—	—	$1.40M	—	—
Shareholders' Equity	$500.58M	$485.05M	$461.12M	$445.52M	$455.94M	$477.62M
Working Capital	$54.81M	$86.23M	$64.38M	$83.45M	$129.92M	$155.65M
Net Debt	$237.21M	$347.81M	$365.47M	$378.28M	$334.27M	$273.27M

NAT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$849.00K	$1.37M	$3.90M	$15.40M	$29.74M	$68.82M
Capital Expenditure	-$284.00K	-$135.37M	-$42.00K	—	—	—
Free Cash Flow	-$1.13M	-$134.00M	$3.86M	$16.65M	$29.74M	$68.82M
Investing Cash Flow	$9.78M	-$98.69M	-$42.00K	$1.25M	$50.40M	$38.95M
Financing Cash Flow	$49.87M	$88.35M	-$30.61M	-$38.61M	-$44.94M	-$55.60M
Dividends Paid	-$21.18M	-$14.82M	-$21.18M	-$27.53M	-$36.00M	-$46.59M
Net Change in Cash	$58.80M	-$8.96M	-$26.75M	-$21.96M	$35.20M	$52.17M

Market Snapshot

About

Nordic American Tankers Limited operates a fleet of Suezmax crude oil tankers in the international spot market. The company transports crude oil worldwide with vessels averaging around 150,000 deadweight tons capacity. NAT follows a strategy of paying quarterly dividends when market conditions permit based on shipping rates.