Saturday 17 October 2026 Export TEN’s income statement to Excel — free account

Tsakos Energy Navigation Ltd

Tsakos Energy Navigation Ltd’s revenue for fiscal 2025 (year ended December 2025) was $798.7 million, down 0.67% from fiscal 2024. In the quarter to June 2026, revenue grew 54.4%, EPS grew 556.7% and free cash flow grew 185.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

51.07 0.41 −0.80%

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Market cap: $1.5B
P/E: 5.2×
Fwd P/E: 8.0×
Dividend yield: —
F-score: 5/9
Altman Z: 0.86
Beneish M: −2.24
Dividend safety: 22/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.00

Total sells 1.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	1	1	1

Insider Ownership 30.00%

Capital & Financial Ratios $m

Market Cap 1,520.00

Revenue 959.70

Net Income 399.69

Free Cash Flow (266.02)

Net Debt 1,615.89

Current Ratio 1.40

Debt/Equity 1.02

P/E ratio 5.17

Fwd P/E 8.04

P/S ratio 1.60

P/B ratio 0.75

Past 5Y EPS Growth —

This Y EPS Growth 204.05%

Next Y EPS Growth 4.98%

Next Y revenue growth 17.56%

Next 5Y EPS Growth 37.43%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.34%

10-year low 10-year high

P/S against its own 10 years 99.59%

10-year low 10-year high

P/B against its own 10 years 99.59%

10-year low 10-year high

EV/Sales against its own 10 years 87.47%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	0.99	0.29 0.40 0.30
2022	0.25	0.10 0.15
2021	0.10	0.10
2020	0.12	0.38 0.12
2019	0.75	0.25 0.25 0.25
2018	1.75	0.25 0.25 0.25 0.25 0.25 0.25 0.25
2017	2.00	0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
2016	1.45	0.40 0.40 0.40 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	377	349	335	486
Receivables	52	34	54	71
Inventory	23	19	13	22
Other	54	42	25	34
	509	452	435	616

	2023	2024	2025	Q'26
Payables	44	57	46	63
ST’ Debt	192	252	302	250
Other	32	37	19	12
	323	409	458	440

Compound Annual Growth %

	10y	5y	3y
Sales	3.11%	4.40%	(2.45%)
Cash Flow	2.42%	7.70%	1.04%
Earnings	(0.90%)	0.00%	(7.70%)
Book Value	2.79%	6.16%	6.95%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	253	298	—	—	—
’25	197	193	186	222	799
’24	202	214	200	188	804
’23	261	221	187	220	890
’22	150	217	224	270	860
’21	139	136	132	139	546
’20	179	191	143	132	644

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	281	—	—	—
’25	—	116	—	298	298
’24	—	160	—	308	308
’23	—	—	—	—	395
’22	—	—	—	—	289
’21	—	—	—	—	53
’20	—	—	—	—	205

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	83	—	—	—
’25	—	(110)	—	(125)	(125)
’24	—	(97)	—	(114)	(114)
’23	115	37	47	(132)	263
’22	24	(144)	9	(302)	(13)
’21	12	21	5	(8)	45
’20	57	16	46	15	111

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.72	4.40	—	—	—
’25	1.04	0.67	1.05	1.70	4.45
’24	1.60	2.36	0.67	0.42	5.03
’23	5.69	1.65	0.83	0.85	9.04
’22	(0.12)	1.31	1.48	3.17	6.01
’21	(0.80)	(1.49)	(1.72)	(5.05)	(9.53)
’20	0.58	1.07	(0.55)	(2.10)	(0.80)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.60	19.10	12.80	12.90	7.06	6.75	6.95	15.00	15.88	13.40	Analyst estimates 2026–2028 Powerpack
	High	39.45	26.35	20.75	22.00	23.85	12.29	20.20	24.78	31.48	26.69
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	482	529	530	597	644	546	860	890	804	799
	Gross margin, %	47.50	45.66	40.01	46.97	46.27	26.50	49.68	57.81	54.12	56.59
	EBT	56	9	(101)	14	27	(151)	208	305	182	165
	EBT margin, %	11.73	1.74	(19.07)	2.34	4.23	(27.57)	24.23	34.30	22.59	20.65
	Net income	56	9	(101)	14	27	(151)	208	305	182	165
	Depreciation	115	143	151	144	141	146	143	144	150	155
Per share, $
Per share, $	Revenue	28.37	31.23	30.41	33.66	34.32	27.79	30.76	30.15	27.25	26.86
	Earnings	2.35	(0.95)	(7.65)	(1.60)	(0.80)	(9.53)	6.02	9.04	5.03	4.45
	Cash flow	10.03	10.08	4.24	10.38	10.94	2.70	10.32	13.40	10.43	10.01
	Capex	(33.92)	(14.27)	(0.01)	(5.76)	(5.04)	(0.41)	(10.79)	(4.49)	(14.29)	(14.21)
	Free cash flow	(23.89)	(4.19)	4.23	4.63	5.90	2.30	(0.47)	8.91	(3.86)	(4.21)
	Book value	83.47	89.01	86.49	82.94	73.62	65.74	54.45	56.01	59.89	62.65
	Shares, m	17	17	17	18	19	20	28	30	30	30
Valuation, ×
Valuation, ×	P/E	3.95	7.68	0.00	0.00	0.00	0.00	2.70	2.50	3.43	5.03
	P/S	0.79	0.67	0.44	0.65	0.23	0.26	0.51	0.75	0.64	0.83
	P/B	0.30	0.23	0.16	0.27	0.11	0.11	0.29	0.41	0.29	0.36
	EV/Sales	3.23	3.73	3.09	2.95	2.39	2.54	1.99	2.08	2.38	2.82
	EV/FCF	(13.70)	(7.00)	(24.64)	13.22	6.14	11.83	(44.45)	6.74	(8.62)	(5.05)
Cash, $m
Cash, $m	Operating cash flow	170	171	74	184	205	53	289	395	308	298
	Capex	(576)	(242)	0	(102)	(95)	(8)	(302)	(132)	(422)	(423)
	Free cash flow	(406)	(71)	74	82	111	45	(13)	263	(114)	(125)
Balance, $m
Balance, $m	Working capital	(35)	(35)	63	43	(61)	(92)	143	186	43	(23)
	Total debt	1,754	1,752	1,596	1,534	1,500	1,373	1,578	1,563	1,747	1,921
	Net debt	1,556	1,549	1,375	1,337	1,329	1,246	1,268	1,186	1,398	1,586
	Shareholders’ equity	1,417	1,508	1,507	1,472	1,382	1,292	1,523	1,653	1,767	1,863
Returns, %
Returns, %	ROA	1.29	(0.49)	(4.04)	(0.88)	(0.48)	(6.23)	5.42	8.00	4.19	3.45
	ROIC	1.89	1.48	0.82	2.52	2.89	(0.82)	5.74	9.20	5.50	4.57
	ROE	2.83	(1.11)	(8.91)	(1.90)	(1.07)	(14.17)	12.09	16.94	8.73	7.34

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NGL NGL Energy Partners LP	$1.9B	— (loss-making)	18.6×	+59.12% (above 0%: growing)	+1,100.00% (above 0%: growing)	−386.50% (below 0%: shrinking)	30.87%	14.68%	Compare
GEL Genesis Energy, L.P.	$1.7B	74.9×	261×	+40.98% (above 0%: growing)	n/m	+2,417.50% (above 0%: growing)	32.06%	19.82%	Compare
GLP Global Partners LP	$1.7B	10.1×	10.4×	+46.79% (above 0%: growing)	+240.00% (above 0%: growing)	+36.41% (above 0%: growing)	4.84%	1.58%	Compare
NAT Nordic American Tankers Limited	$1.7B	13.0×	8.6×	+133.96% (above 0%: growing)	n/m	+197.49% (above 0%: growing)	83.25%	82.06%	Compare
PBT Permian Basin Royalty Trust	$1.6B	94.7×	21.9×	+34.59% (above 0%: growing)	+60.00% (above 0%: growing)	—	100.00%	92.68%	Compare
TEN Tsakos Energy Navigation Ltd	$1.5B	5.2×	8.0×	+54.37% (above 0%: growing)	+556.72% (above 0%: growing)	+185.92% (above 0%: growing)	62.31%	54.53%
FLNG Flex LNG Ltd.	$1.5B	14.8×	14.3×	+24.21% (above 0%: growing)	+151.52% (above 0%: growing)	+185.57% (above 0%: growing)	76.00%	55.68%	Compare
NVGS Navigator Holdings Ltd.	$1.3B	9.7×	7.8×	+29.55% (above 0%: growing)	+177.42% (above 0%: growing)	+9.98% (above 0%: growing)	55.10%	28.48%	Compare
TK Teekay Corporation Ltd.	$1.2B	9.6×	41.1×	−24.36% (below 0%: shrinking)	−23.68% (below 0%: shrinking)	+211.73% (above 0%: growing)	31.43%	27.41%	Compare
Median of peers	$1.6B	13.0×	16.5×	+37.79%	+164.47%	+185.57%	43.58%	27.95%

All 58 Oil & Gas Midstream stocks →

Tsakos Energy Navigation Ltd (TEN) key facts

Concern: Tsakos Energy Navigation Ltd’s revenue for fiscal 2025 (year ended December 2025) was $798.7 million, down 0.67% from fiscal 2024.
Tsakos Energy Navigation Ltd (TEN) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, TEN traded at $51.07, a market capitalization of $1.5 billion.
Return on equity was 7.34% and debt-to-equity 1.02.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.86 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.