International Seaways Inc. Gross Margin

Gross Margin of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending March 30, 2021 was 28.02% (a -433.57% decrease compared to previous quarter)
  • Year-over-year quarterly Gross Margin decreased by -50.19%
  • Annual Gross Margin for 2020 was 40.12% (a 75.81% increase from previous year)
  • Annual Gross Margin for 2019 was 22.82% (a -767.25% decrease from previous year)
  • Annual Gross Margin for 2018 was -3.42% (a -175.16% decrease from previous year)
  • Twelve month Gross Margin ending March 30, 2021 was 36.15% (a -9.9% decrease compared to previous quarter)
  • Twelve month trailing Gross Margin decreased by -21.53% year-over-year
Trailing Gross Margin for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
36.15% 40.12% 46.65% 46.07%
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Historical Gross Margin of International Seaways Inc.

Most recent Gross Marginof INSW including historical data for past 10 years.

Interactive Chart of Gross Margin of International Seaways Inc.

International Seaways Inc. Gross Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 28.02%
2020 -8.4% 37.12% 56.25% 46.49% 40.12%
2019 43.67% 29.57% 27.11% 45.45% 22.82%
2018 45.58% 9.98% 13.64% 6.77% -3.42%
2017 29.82% 15.74% 31.78% 44.0% 4.55%
2016 39.88% 39.81% 56.24% 63.23% 31.58%
2015 62.78% 59.29%
2014 29.45%
2013 18.93%

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.