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International Seaways (INSW) Revenue & Revenue Breakdown

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International Seaways Revenue Highlights

Latest Revenue (Y)

$1.07B

Latest Revenue (Q)

$257.41M

Main Segment (Y)

Pool Revenue Leases

International Seaways Revenue by Period

International Seaways Revenue by Year

DateRevenueChange
2023-12-31$1.07B23.95%
2022-12-31$864.66M217.25%
2021-12-31$272.55M-35.36%
2020-12-31$421.65M15.15%
2019-12-31$366.18M35.44%
2018-12-31$270.36M-6.80%
2017-12-31$290.10M-27.17%
2016-12-31$398.32M-19.96%
2015-12-31$497.63M-3.75%
2014-12-31$517.02M-11.68%
2013-12-31$585.36M-

International Seaways generated $1.07B in revenue during NA 2023, up 23.95% compared to the previous quarter, and up 396.42% compared to the same period a year ago.

International Seaways Revenue by Quarter

DateRevenueChange
2024-06-30$257.41M-6.19%
2024-03-31$274.40M9.44%
2023-12-31$250.73M430.73%
2023-09-30$47.24M-83.83%
2023-06-30$292.20M1.77%
2023-03-31$287.13M-15.09%
2022-12-31$338.16M42.79%
2022-09-30$236.83M25.84%
2022-06-30$188.20M85.45%
2022-03-31$101.48M7.20%
2021-12-31$94.67M11.62%
2021-09-30$84.82M-12.17%
2021-06-30$96.57M106.54%
2021-03-31$46.76M-17.54%
2020-12-31$56.70M-43.23%
2020-09-30$99.88M-28.51%
2020-06-30$139.72M11.48%
2020-03-31$125.34M1.06%
2019-12-31$124.02M74.00%
2019-09-30$71.28M3.29%
2019-06-30$69.01M-32.26%
2019-03-31$101.87M1.32%
2018-12-31$100.55M65.03%
2018-09-30$60.93M7.06%
2018-06-30$56.91M9.49%
2018-03-31$51.98M-25.13%
2017-12-31$69.43M15.77%
2017-09-30$59.97M-16.66%
2017-06-30$71.96M-18.92%
2017-03-31$88.75M3.43%
2016-12-31$85.81M6.24%
2016-09-30$80.77M-21.63%
2016-06-30$103.06M-19.91%
2016-03-31$128.68M2.97%
2015-12-31$124.97M-4.69%
2015-09-30$131.12M5.66%
2015-06-30$124.09M5.66%
2015-03-31$117.45M-

International Seaways generated $257.41M in revenue during Q2 2024, up -6.19% compared to the previous quarter, and up 89.65% compared to the same period a year ago.

International Seaways Revenue Breakdown

International Seaways Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Time and Bareboat Charter Leases$96.54M$33.03M$50.09M--
Voyage Charter Leases$69.42M$56.71M$46.45M$59.95M$84.50M
Pool Revenue Leases$905.81M$774.92M$176.00M$272.98M$254.06M
Time And Bareboat Charter Leases---$88.72M$27.63M

International Seaways's latest annual revenue breakdown by segment (product or service), as of Dec 23: Pool Revenue Leases (84.51%), Time and Bareboat Charter Leases (9.01%), and Voyage Charter Leases (6.48%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Time and Bareboat Charter Leases$36.84M$31.05M$57.28M$26.11M$13.15M$10.24M$8.49M$8.13M$6.17M$10.02M----------
Voyage Charter Leases$18.34M$17.07M$36.52M$18.50M$14.40M$16.73M$13.10M$15.34M$11.54M$10.31M$20.61M$8.13M$7.40M$12.04M$19.37M$13.01M$15.52M$20.67M$17.36M$17.76M
Pool Revenue Leases$170.01M$226.28M$398.64M$247.59M$259.58M$311.19M$215.24M$164.73M$83.76M$74.34M$50.54M$26.45M$24.66M$22.50M$49.22M$100.06M$101.21M$95.43M$46.28M$44.71M
Time And Bareboat Charter Leases----------$13.66M$11.71M$14.70M$22.17M$31.29M$26.66M$8.60M$7.93M$7.64M$6.54M

International Seaways's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Pool Revenue Leases (75.49%), Time and Bareboat Charter Leases (16.36%), and Voyage Charter Leases (8.14%).

International Seaways Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FROFrontline$1.80B$578.40M
TNKTeekay Tankers$1.36B$338.34M
STNGScorpio Tankers$1.34B$391.34M
EURNEuronav NV$1.26B$655.53M
INSWInternational Seaways$1.07B$257.41M
TNPTsakos Energy Navigation$889.57M$220.24M
LPGDorian LPG$560.72M$79.88M
DHTDHT$556.08M$145.88M

INSW Revenue FAQ

What is International Seaways’s yearly revenue?

International Seaways's yearly revenue for 2023 was $1.07B, representing an increase of 23.95% compared to 2022. The company's yearly revenue for 2022 was $864.66M, representing an increase of 217.25% compared to 2021. INSW's yearly revenue for 2021 was $272.55M, representing a decrease of -35.36% compared to 2020.

What is International Seaways’s quarterly revenue?

International Seaways's quarterly revenue for Q2 2024 was $257.41M, a -6.19% decrease from the previous quarter (Q1 2024), and a -11.91% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $274.4M, a 9.44% increase from the previous quarter (Q4 2023), and a -4.43% decrease year-over-year (Q1 2023). INSW's quarterly revenue for Q4 2023 was $250.73M, a 430.73% increase from the previous quarter (Q3 2023), and a -25.85% decrease year-over-year (Q4 2022).

What is International Seaways’s revenue growth rate?

International Seaways's revenue growth rate for the last 3 years (2021-2023) was 293.25%, and for the last 5 years (2019-2023) was 192.69%.

What are International Seaways’s revenue streams?

International Seaways's revenue streams in c 23 are Time and Bareboat Charter Leases, Voyage Charter Leases, and Pool Revenue Leases. Time and Bareboat Charter Leases generated $96.54M in revenue, accounting 9.01% of the company's total revenue, up 192.26% year-over-year. Voyage Charter Leases generated $69.42M in revenue, accounting 6.48% of the company's total revenue, up 22.42% year-over-year. Pool Revenue Leases generated $905.81M in revenue, accounting 84.51% of the company's total revenue, up 16.89% year-over-year.

What is International Seaways’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of International Seaways was Pool Revenue Leases. This segment made a revenue of $905.81M, representing 84.51% of the company's total revenue.