International Seaways (INSW) Revenue & Revenue Breakdown
International Seaways Revenue Highlights
Latest Revenue (Y)
$1.07B
Latest Revenue (Q)
$274.40M
Main Segment (Y)
Pool Revenue Leases
International Seaways Revenue by Period
International Seaways Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.07B | 23.95% |
| 2022-12-31 | $864.66M | 217.25% |
| 2021-12-31 | $272.55M | -35.36% |
| 2020-12-31 | $421.65M | 15.15% |
| 2019-12-31 | $366.18M | 35.44% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $274.40M | 9.44% |
| 2023-12-31 | $250.73M | 430.73% |
| 2023-09-30 | $47.24M | -83.83% |
| 2023-06-30 | $292.20M | 1.77% |
| 2023-03-31 | $287.13M | -15.09% |
| 2022-12-31 | $338.16M | 42.79% |
| 2022-09-30 | $236.83M | 25.84% |
| 2022-06-30 | $188.20M | 85.45% |
| 2022-03-31 | $101.48M | 7.20% |
| 2021-12-31 | $94.67M | 11.62% |
| 2021-09-30 | $84.82M | -12.17% |
| 2021-06-30 | $96.57M | 106.54% |
| 2021-03-31 | $46.76M | -17.54% |
| 2020-12-31 | $56.70M | -43.23% |
| 2020-09-30 | $99.88M | -28.51% |
| 2020-06-30 | $139.72M | 11.48% |
| 2020-03-31 | $125.34M | 1.06% |
| 2019-12-31 | $124.02M | 74.00% |
| 2019-09-30 | $71.28M | 3.29% |
| 2019-06-30 | $69.01M | -32.26% |
| 2019-03-31 | $101.87M | 1.32% |
| 2018-12-31 | $100.55M | 65.03% |
| 2018-09-30 | $60.93M | 7.06% |
| 2018-06-30 | $56.91M | 9.49% |
| 2018-03-31 | $51.98M | -25.13% |
| 2017-12-31 | $69.43M | 15.77% |
| 2017-09-30 | $59.97M | -16.66% |
| 2017-06-30 | $71.96M | -18.92% |
| 2017-03-31 | $88.75M | 3.43% |
| 2016-12-31 | $85.81M | 6.24% |
| 2016-09-30 | $80.77M | -21.63% |
| 2016-06-30 | $103.06M | -19.91% |
| 2016-03-31 | $128.68M | 2.97% |
| 2015-12-31 | $124.97M | -4.69% |
| 2015-09-30 | $131.12M | 5.66% |
| 2015-06-30 | $124.09M | 5.66% |
| 2015-03-31 | $117.45M | - |
International Seaways generated $274.40M in revenue during Q1 2024, up 9.44% compared to the previous quarter, and up 81.15% compared to the same period a year ago.
International Seaways Revenue Breakdown
International Seaways Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Pool Revenue Leases | $905.81M | $774.92M | $176.00M | $272.98M | $254.06M |
| Time and Bareboat Charter Leases | $96.54M | $33.03M | $50.09M | - | - |
| Voyage Charter Leases | $69.42M | $56.71M | $46.45M | $59.95M | $84.50M |
| 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/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Time and Bareboat Charter Leases | $31.05M | $57.28M | $26.11M | $13.15M | $10.24M | $8.49M | $8.13M | $6.17M | $10.02M | - | - | - | - | - | - | - | - | - | - | - |
| Pool Revenue Leases | $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 | $67.64M |
| Voyage Charter Leases | $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 | $28.72M |
| 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 | $5.52M |
International Seaways's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Pool Revenue Leases (82.46%), Time and Bareboat Charter Leases (11.32%), and Voyage Charter Leases (6.22%).
International Seaways Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FRO | Frontline | $1.80B | $578.40M |
| TNK | Teekay Tankers | $1.36B | $338.34M |
| STNG | Scorpio Tankers | $1.34B | $391.34M |
| EURN | Euronav NV | $1.26B | $655.53M |
| INSW | International Seaways | $1.07B | $274.40M |
| TNP | Tsakos Energy Navigation | $889.57M | $220.24M |
| LPG | Dorian LPG | $560.72M | $114.35M |
| DHT | DHT | $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 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). The company'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). INSW's quarterly revenue for Q3 2023 was $47.24M, a -83.83% decrease from the previous quarter (Q2 2023), and a -80.05% decrease year-over-year (Q3 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 Pool Revenue Leases, Time and Bareboat Charter Leases, and Voyage Charter Leases. Pool Revenue Leases generated $905.81M in revenue, accounting 84.51% of the company's total revenue, up 16.89% year-over-year. 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.
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.