International Seaways Inc. Cost of Revenue

Cost of Revenue of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).


Highlights and Quick Summary

  • Cost of Revenue for the quarter ending December 30, 2020 was $61.5 Million (a -2.14% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -8.35%
  • Annual Cost of Revenue for 2020 was $252 Million (a -10.67% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $283 Million (a 1.08% increase from previous year)
  • Annual Cost of Revenue for 2018 was $280 Million (a 0.98% increase from previous year)
  • Twelve month Cost of Revenue ending December 30, 2020 was $252 Million (a -3.22% decrease compared to previous quarter)
  • Twelve month trailing Cost of Revenue increased by 6.34% year-over-year
Trailing Cost of Revenue for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20 30 Mar '20
$252 Million $261 Million $248 Million $237 Million
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Historical Cost of Revenue of International Seaways Inc.

Most recent Cost of Revenueof INSW including historical data for past 10 years.

Interactive Chart of Cost of Revenue of International Seaways Inc.

International Seaways Inc. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $61.47 $62.81 $61.13 $67.06 $252.47
2019 $69.86 $50.2 $50.3 $55.57 $282.64
2018 $54.72 $54.85 $49.15 $48.46 $279.6
2017 $48.73 $50.53 $49.09 $49.7 $276.89
2016 $51.59 $48.62 $45.1 $47.32 $272.51
2015 $48.8 $202.57
2014 $364.76
2013 $474.55

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.