International Seaways Inc. Operating Income

Operating Income of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Operating Income growth rates and interactive chart. Operating income is the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS). Operating income–also called income from operations–takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities. Operating income is measured before interest and tax expenses and is a good gauge of a company's operational profitability.


Highlights and Quick Summary

  • Operating Income for the quarter ending December 30, 2020 was $-110 Million (a -594.62% decrease compared to previous quarter)
  • Year-over-year quarterly Operating Income decreased by -287.73%
  • Annual Operating Income for 2020 was $44 Million (a -33.72% decrease from previous year)
  • Annual Operating Income for 2019 was $66.4 Million (a -364.48% decrease from previous year)
  • Annual Operating Income for 2018 was $-25.1 Million (a -57.44% decrease from previous year)
  • Twelve month Operating Income ending December 30, 2020 was $44 Million (a -76.47% decrease compared to previous quarter)
  • Twelve month trailing Operating Income decreased by -54.85% year-over-year
Trailing Operating Income for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20 30 Mar '20
$44 Million $187 Million $170 Million $97.4 Million
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Historical Operating Income of International Seaways Inc.

Most recent Operating Incomeof INSW including historical data for past 10 years.

Interactive Chart of Operating Income of International Seaways Inc.

International Seaways Inc. Operating Income for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $-109.75 $22.19 $73.1 $58.46 $44.0
2019 $33.28 $5.63 $0.08 $27.39 $66.38
2018 $24.8 $-30.68 $-0.85 $-18.37 $-25.1
2017 $-79.45 $-10.87 $4.31 $27.03 $-58.98
2016 $-46.49 $-35.27 $41.06 $64.75 $24.06
2015 $63.96 $221.87
2014 $42.48
2013 $-415.39

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.