Friday 6 November 2026 Export NAT’s income statement to Excel — free account

Nordic American Tankers Limited

Nordic American Tankers Limited’s revenue for fiscal 2025 (year ended December 2025) was $292.4 million, down 16.4% from fiscal 2024.

Revenue: +134.0%
EPS: +8,100.0%
Free cash flow: +197.5%
Total debt: −8.08%

Quarter to June 2026, against a year earlier

6.72 0.19 +2.91%

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Market cap: $1.4B
P/E: 11.2×
Fwd P/E: 10.1×
Dividend yield: 12.0%
F-score: 4/9
Altman Z: 1.56
Beneish M: −2.43
Dividend safety: 2/100

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	3	3	3	6	8	2	8	7	5	4
P/E ratio Full definition →	0.00	0.00	0.00	0.00	8.68	0.00	49.67	9.13	11.59	52.12
P/S ratio Full definition →	2.16	0.84	0.98	2.21	1.15	1.40	1.77	2.29	1.50	2.49
Altman Z-Score Full definition →	1.46	(0.04)	0.20	1.44	—	(0.09)	1.46	2.43	1.79	1.56
Altman Z″-Score (non-manufacturers) Full definition →	2.86	0.69	0.63	2.06	—	(0.01)	1.89	2.71	2.64	1.98
P/FCF ratio Full definition →	0.00	0.00	4.14	13.94	4.74	0.00	61.49	13.62	4.17	0.00
Beneish M-Score Full definition →	(3.50)	(2.87)	(2.96)	(3.23)	(0.17)	—	(2.43)	(2.74)	(2.84)	(2.43)
P/Operating CF Full definition →	219.53	22.43	30.51	104.09	(30.53)	(39.91)	14.85	66.99	22.76	47.30
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	2
P/B ratio Full definition →	0.88	0.30	0.47	1.18	0.74	0.55	1.12	1.66	1.03	1.64
Price to Tangible BV Full definition →	0.90	0.31	0.49	1.22	0.76	0.57	1.16	1.72	1.07	1.71
EV/Sales Full definition →	3.17	2.14	2.32	3.27	1.92	2.81	2.49	2.97	2.14	3.78
EV/EBITDA Full definition →	21.21	0.00	0.00	32.46	7.54	0.00	23.56	9.10	9.68	23.88
EV/Operating CF Full definition →	8.85	10.78	(41.68)	19.64	6.63	(12.39)	35.00	8.35	5.84	55.83
EV/FCF Full definition →	(106.96)	(23.30)	9.78	20.62	7.92	(11.50)	86.28	17.70	5.96	(16.30)
Quick Ratio Full definition →	4.66	3.19	1.98	1.47	1.72	0.80	1.16	0.85	1.01	0.96
Current Ratio Full definition →	7.61	5.01	3.11	2.19	2.51	1.58	1.97	1.55	1.65	2.24
Net Debt/EBITDA Full definition →	2.48	(4.49)	10.34	3.36	1.92	(3.78)	2.70	1.48	1.68	3.61
Debt/Assets Full definition →	32.80%	34.08%	40.75%	38.69%	36.61%	37.71%	34.78%	34.30%	32.99%	47.01%
Debt/Equity Full definition →	0.51	0.55	0.73	0.67	0.60	0.64	0.57	0.56	0.53	0.95
Asset Turnover Full definition →	0.28	0.24	0.26	0.30	0.35	0.21	0.39	0.45	0.41	0.34
Operating CF/Net income Full definition →	(28.68)	(0.15)	0.17	(5.11)	2.22	0.26	1.60	1.41	2.75	1.62
Capex/Depreciation Full definition →	(1.50)	(0.37)	1.11	(0.04)	(0.25)	(0.05)	(0.27)	(1.39)	(0.05)	(1.50)
Interest Coverage Full definition →	4.78	(8.59)	(1.12)	0.83	2.58	(5.48)	1.33	4.19	2.52	1.30
ROE Full definition →	(0.51%)	(25.91%)	(14.52%)	(1.73%)	8.38%	(31.23%)	2.91%	18.31%	8.91%	2.57%
ROA Full definition →	(0.34%)	(16.46%)	(8.62%)	(0.98%)	4.99%	(18.77%)	1.74%	11.22%	5.50%	1.43%
ROIC Full definition →	2.71%	(10.54%)	(2.44%)	2.14%	5.68%	(11.66%)	2.86%	9.91%	6.58%	3.52%
Return on Tangible Assets Full definition →	(0.37%)	(19.76%)	(9.25%)	(1.07%)	5.43%	(22.70%)	1.88%	12.23%	6.18%	1.48%
Average Days of Receivables Full definition →	18.45	27.61	28.53	28.29	6.53	17.48	22.02	24.50	16.93	23.76
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	3.44%	4.23%	4.40%	4.25%	4.96%	7.98%	5.54%	5.84%	8.24%	9.62%
Intangible Assets out of Total Assets Full definition →	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.12%	0.18%	0.14%	0.05%	0.08%	0.17%	0.14%	0.56%	0.53%	0.00%
Graham Net Nets Full definition →	(0.41)	(1.41)	(1.25)	(0.44)	(0.63)	(0.89)	(0.33)	(0.26)	(0.40)	(0.42)
Graham Number Full definition →	0.00	0.00	0.00	0.00	5.54	0.00	1.90	5.22	3.44	1.77
Earnings Yield Full definition →	(0.44%)	(27.50%)	(33.00%)	(1.63%)	11.53%	(61.70%)	2.01%	10.96%	8.63%	1.92%
Free Cash Flow Yield Full definition →	(1.37%)	(11.00%)	24.18%	7.17%	21.09%	(17.45%)	1.63%	7.34%	24.00%	(9.32%)
Revenue per Share Full definition →	3.86	2.86	2.04	2.23	2.38	1.20	1.68	1.88	1.67	1.38
Operating CF per Share Full definition →	1.38	0.31	(0.11)	0.37	0.74	(0.27)	0.12	0.67	0.61	0.09
Capex per Share Full definition →	(1.50)	(0.36)	0.60	(0.02)	(0.12)	(0.02)	(0.07)	(0.35)	(0.01)	(0.41)
Free Cash Flow per Share Full definition →	(0.11)	(0.06)	0.48	0.35	0.62	(0.29)	0.05	0.32	0.60	(0.32)
Cash per Share Full definition →	0.89	0.56	0.35	0.44	0.42	0.27	0.31	0.16	0.21	0.22
Shareholders Equity per Share Full definition →	9.41	6.85	4.24	4.18	4.01	3.07	2.67	2.58	2.43	2.10
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	9.41	6.85	4.24	4.18	4.01	3.07	2.67	2.58	2.43	2.10
Free Cash Flow Full definition →	(10.58)	(5.83)	68.65	50.33	92.87	(47.92)	9.79	65.78	125.54	(67.87)
Working Capital Full definition →	142.18	101.66	76.66	70.34	59.84	39.46	70.25	38.43	38.99	83.45
Capital Expenditures Full definition →	(138.36)	(37.57)	84.75	(2.53)	(18.08)	(3.46)	(14.34)	(73.67)	(2.62)	(87.70)
Net Current Asset Value Full definition →	(315.15)	(303.01)	(356.13)	(306.11)	(275.70)	(245.82)	(197.24)	(231.98)	(210.00)	(305.77)
EV/EBIT Full definition →	21.21	0.00	0.00	32.46	16.32	0.00	23.56	9.10	9.68	23.88
Capex to Sales Full definition →	0.39	0.13	(0.29)	0.01	0.05	0.02	0.04	0.19	0.01	0.30
Price to Operating Income Full definition →	14.45	0.00	0.00	21.94	9.78	0.00	16.79	7.00	6.77	15.72
Other line items
Depreciation/Fixed assets Full definition →	0.09	0.11	0.08	0.08	0.08	0.10	0.07	0.07	0.08	0.08
Cash ROIC Full definition →	(0.76%)	(0.50%)	6.31%	4.76%	9.12%	(5.55%)	1.08%	7.53%	15.26%	(7.41%)
Accounts Receivable Turnover Full definition →	15.32	14.66	12.83	13.45	22.93	24.90	22.74	16.75	16.45	16.59
Accounts Payable Turnover Full definition →	48.30	61.27	72.26	34.69	30.07	36.79	34.63	36.42	48.67	52.12
Inventory Turnover Full definition →	11.55	10.47	11.32	9.72	8.98	9.73	10.11	6.69	7.06	8.45
Average Days of Payables Full definition →	7.60	5.10	5.32	14.76	7.96	12.21	10.86	6.64	8.29	5.22
Days of Inventory on Hand Full definition →	36.96	36.62	30.18	39.48	37.69	38.88	39.68	60.06	42.70	41.14
Average Receivables Full definition →	23.33	20.27	22.53	23.59	15.47	7.86	14.92	23.38	21.26	17.63
Average Payables Full definition →	4.27	3.76	3.40	5.99	6.25	5.33	6.76	5.20	3.85	3.39
Average Inventory Full definition →	17.86	21.99	21.69	21.38	20.94	20.14	23.15	28.31	26.56	20.93
Average Assets Full definition →	1,294.55	1,245.48	1,106.09	1,051.01	1,002.63	912.75	865.52	879.54	848.39	859.88
Average Common Equity Full definition →	875.89	791.06	656.55	598.73	597.28	548.67	519.10	539.14	523.56	477.17

Show all line items

Columns are period end dates

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