Nordic American Tankers Limited (NAT) — Financial statements
Income statement, balance sheet, and cash flow for Nordic American Tankers Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 292↓16.4% | 350↓10.7% | 392↑15.4% | 339↑73.3% | 196 | |
| Cost of Revenue | 235↓3.7% | 244↑1.1% | 241↓15.3% | 284↑7.6% | 264 | |
| Gross Profit | 58↓45.5% | 106↓29.6% | 151↑174.3% | 55↑180.2% | -69 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 29↑0.2% | 29↑25.9% | 23↑21.8% | 19↑20.3% | 16 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 29↑0.2% | 29↑25.9% | 23↑21.8% | 19↑20.3% | 16 | |
| Total Costs & Expenses | 263↓3.3% | 272↑3.3% | 264↓13.0% | 303↑8.3% | 280 | |
| Operating Results | ||||||
| Operating Income | 29↓62.5% | 77↓39.5% | 128↑253.5% | 36↑143.0% | -84 | |
| Depreciation & Amortization | 58↑2.8% | 56↑9.2% | 51↑1.9% | 50↓26.2% | 68 | |
| EBITDA | 87↓35.0% | 134↓26.1% | 181↑95.2% | 93↑475.0% | -25 | |
| EBIT | 29↓62.5% | 77↓40.2% | 129↑206.6% | 42↑145.3% | -93 | |
| Interest & Other Income | ||||||
| Net Interest Income | -34↓13.8% | -30↓2.8% | -29↓7.9% | -27↓2.6% | -26 | |
| Interest Income | 2↑120.0% | 0.73↓43.9% | 1 | 0.00 | 0.00 | |
| Interest Expense | 36↑16.3% | 31↑0.8% | 30↑12.7% | 27↑2.6% | 26 | |
| Non-Operating Income | 0.00↑100.0% | -0.06↑95.8% | -1↑76.0% | -6↓167.5% | 9 | |
| Other Income / Expenses | -17↑45.5% | -31↓5.6% | -29↓38.0% | -21↑40.3% | -35 | |
| Income Before Tax | 12↓73.7% | 47↓52.8% | 99↑553.5% | 15↑112.7% | -119 | |
| Income Tax Expense | 0.00↑100.0% | -0.01↓108.3% | 0.12↑421.7% | 0.02 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 12↓73.7% | 47↓52.7% | 99↑553.7% | 15↑112.6% | -119 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 12↓73.7% | 47↓52.7% | 99↑553.7% | 15↑112.6% | -119 | |
| Bottom-Line Net Income | 12↓73.7% | 47↓52.7% | 99↑553.7% | 15↑112.6% | -119 | |
| EPS (Basic) | 0.06↓73.6% | 0.22↓53.2% | 0.47↑528.3% | 0.07↑110.1% | -0.74 | |
| EPS (Diluted) | 0.06↓73.6% | 0.22↓53.2% | 0.47↑528.3% | 0.07↑110.1% | -0.74 | |
| Weighted Average Shares | 212↑1.2% | 209↑0.2% | 209↑3.3% | 202↑24.3% | 163 | |
| Weighted Average Diluted Shares | 212↑0.9% | 210↑0.5% | 209↑3.4% | 202↑24.3% | 163 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.