Income Statement - NORDIC AMERICAN TANKERS Ltd (NAT)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 292.42 | 349.74 | 391.69 | 339.34 | 195.76 | 354.62 | 317.22 | 289.02 | 297.14 | 357.45 | 445.74 | 351.05 | 243.66 | 130.68 | 94.79 | 126.42 | 124.37 | 228.00 | 186.99 | 175.52 |
| Cost of revenue | 234.55 | 243.61 | 240.91 | 284.37 | 264.29 | 255.81 | 271.77 | 306.12 | 330.80 | 297.14 | 307.86 | 342.46 | 312.71 | 171.85 | 134.41 | 109.66 | 107.13 | 93.93 | 121.61 | 90.53 |
| Gross profit | 57.87 | 106.14 | 150.78 | 54.97 | -68.53 | 98.81 | 45.45 | -17.10 | -33.66 | 60.31 | 137.88 | 8.59 | -69.05 | -41.17 | -39.62 | 16.76 | 17.24 | 134.07 | 65.38 | 84.99 |
| Total operating expenses | 28.87 | 28.83 | 22.89 | 18.80 | 15.62 | 17.59 | 13.48 | 12.73 | 12.58 | 12.30 | 9.79 | 14.86 | 12.76 | 14.70 | 15.39 | 15.98 | 14.82 | 12.78 | 12.13 | 12.75 |
| Operating income | 28.99 | 77.31 | 127.89 | 36.18 | -84.15 | 81.23 | 31.97 | -29.83 | -46.23 | 48.01 | 128.09 | -6.28 | -81.81 | -55.87 | -55.01 | 0.78 | 2.42 | 121.29 | 53.25 | 72.24 |
| Non-operating income (net) | -16.72 | -30.68 | -29.06 | -21.05 | -35.27 | -31.19 | -42.25 | -65.40 | -158.66 | -52.37 | -13.37 | -6.84 | -23.52 | -17.32 | -17.29 | -1.59 | -1.41 | -2.44 | -9.04 | -4.85 |
| Income before tax | 12.27 | 46.63 | 98.83 | 15.12 | -119.42 | 50.03 | -10.28 | -95.23 | -204.89 | -4.35 | 114.72 | -13.12 | -105.33 | -73.19 | -72.30 | -0.81 | 1.01 | 118.84 | 44.21 | 67.39 |
| Income tax expense | -0.01 | 0.12 | 0.02 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 | 0.10 | 0.10 | 0.05 | 0.09 | 12.03 | 16.34 | -0.63 | -0.61 | 9.08 | 9.30 | 4.96 | |
| Net income | 12.27 | 46.64 | 98.71 | 15.10 | -119.42 | 50.03 | -10.35 | -95.31 | -204.97 | -4.46 | 114.63 | -13.17 | -105.42 | -73.19 | -72.30 | -0.81 | 1.01 | 118.84 | 44.21 | 67.39 |
Show Quarterly Income Statement
Income Statement - NORDIC AMERICAN TANKERS Ltd (NAT)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 106.46 | 85.90 | 75.00 | 66.73 | 64.79 | 74.43 | 82.22 | 97.81 | 95.29 | 59.25 | 78.45 | 99.10 | 121.43 | 87.09 | 104.88 | 74.92 | 49.26 | 55.04 | 40.33 | 52.39 | 48.00 | 43.84 | 56.04 | 122.59 | 132.15 | 95.39 | 32.35 | 30.65 | 53.63 | 86.26 | 23.19 | 27.01 | 29.62 | 179.18 | 39.10 | 39.10 | 55.20 | 90.43 | 40.56 | 61.65 | 106.75 | 114.56 | 101.88 | 116.33 | 112.96 | 95.29 | 40.91 | 66.13 | 94.68 | 65.43 | 22.51 | 95.05 | 17.27 | 17.53 | 15.46 | 28.55 | 30.48 | 30.48 | 11.24 | 23.84 | 25.53 | 20.47 | 25.54 | 38.65 | 41.76 | 41.76 | 17.74 | 29.75 | 45.15 | 50.56 | 67.32 | 63.25 | 51.73 | 73.98 | 24.08 | 44.32 | 58.05 | 74.44 | 36.55 | 42.89 | 0.03 |
| Cost of revenue | 58.83 | 56.86 | 61.18 | 59.92 | 56.59 | 56.62 | 60.16 | 62.45 | 64.37 | 28.80 | 57.69 | 59.95 | 61.02 | 26.68 | 84.63 | 69.40 | 63.28 | 64.93 | 66.00 | 70.65 | 62.72 | 61.27 | 53.70 | 60.80 | 80.03 | 70.96 | 32.17 | 31.69 | 31.75 | 75.54 | 32.69 | 37.84 | 36.14 | 189.29 | 47.03 | 47.03 | 46.88 | 84.14 | 44.90 | 40.19 | 69.83 | 76.67 | 71.42 | 79.95 | 79.82 | 88.96 | 36.53 | 78.57 | 84.37 | 79.37 | 35.33 | 120.31 | 34.29 | 33.63 | 16.20 | 15.66 | 16.09 | 16.09 | 13.85 | 13.12 | 12.50 | 11.85 | 11.94 | 11.68 | 11.64 | 11.64 | 11.87 | 10.73 | 10.19 | 8.68 | 9.18 | 9.30 | 13.29 | 22.86 | 8.72 | 8.24 | 20.74 | 25.17 | 5.71 | 15.27 | 15.27 |
| Gross profit | 47.64 | 29.04 | 13.82 | 6.81 | 8.20 | 17.81 | 22.05 | 35.35 | 30.92 | 30.46 | 20.76 | 39.15 | 60.42 | 60.42 | 20.25 | 5.52 | -14.02 | -9.89 | -25.67 | -18.26 | -14.72 | -17.43 | 2.35 | 61.79 | 52.11 | 24.44 | 0.18 | -1.04 | 21.88 | 10.71 | -9.50 | -10.84 | -6.53 | -10.10 | -7.93 | -7.93 | 8.32 | 6.29 | -4.33 | 21.46 | 36.92 | 37.89 | 30.46 | 36.38 | 33.14 | 6.33 | 4.38 | -12.43 | 10.31 | -13.95 | -12.82 | -25.27 | -17.02 | -16.10 | -0.74 | 12.89 | 14.38 | 14.38 | -2.60 | 10.72 | 13.03 | 8.62 | 13.60 | 26.96 | 30.12 | 30.12 | 5.87 | 19.01 | 34.96 | 41.89 | 58.14 | 53.95 | 38.43 | 51.12 | 15.36 | 36.09 | 37.31 | 49.27 | 30.84 | 27.62 | 0.03 |
| Total operating expenses | 9.28 | 8.61 | 7.04 | 6.38 | 6.85 | 9.06 | 5.83 | 6.08 | 7.85 | 5.86 | 6.29 | 5.00 | 5.74 | 5.74 | 4.28 | 3.73 | 5.62 | 4.36 | 4.10 | 3.50 | 3.66 | 4.89 | 4.08 | 4.14 | 4.48 | 2.98 | 3.05 | 3.89 | 3.57 | 2.05 | 4.19 | 2.82 | 3.67 | 4.02 | 2.36 | 2.36 | 3.22 | 1.92 | 3.16 | 3.85 | 3.37 | 3.50 | 1.38 | 2.84 | 2.07 | 3.01 | 3.22 | 3.22 | 3.91 | 4.74 | 3.88 | 3.56 | 7.38 | 2.15 | 21.02 | 20.08 | 23.05 | 23.05 | 18.29 | 20.30 | 19.60 | 21.07 | 18.72 | 18.81 | 19.93 | 19.93 | 17.27 | 18.96 | 17.42 | 14.51 | 15.34 | 17.81 | 26.70 | 23.74 | 23.29 | 20.52 | 32.51 | 19.75 | 14.51 | 25.05 | 25.05 |
| Operating income | 38.36 | 20.43 | 6.78 | 0.43 | 1.35 | 8.76 | 16.22 | 29.27 | 23.06 | 24.60 | 14.47 | 34.15 | 54.68 | 54.68 | 15.97 | 1.79 | -19.64 | -14.25 | -29.77 | -21.76 | -18.38 | -22.32 | -1.73 | 57.65 | 47.63 | 21.46 | -2.87 | -4.92 | 18.31 | 5.40 | -13.69 | -13.65 | -10.19 | -14.12 | -10.29 | -10.29 | 5.10 | 4.37 | -7.49 | 17.61 | 33.55 | 34.39 | 29.08 | 33.54 | 31.08 | 3.32 | 1.16 | -15.65 | 6.40 | -18.69 | -16.70 | -28.83 | -29.40 | -30.28 | -21.76 | -7.19 | -8.67 | -8.67 | -20.90 | -9.58 | -6.57 | -12.45 | -5.12 | 8.15 | 10.20 | 10.20 | -11.40 | 0.06 | 17.54 | 17.33 | 42.80 | 36.14 | 34.57 | 27.38 | 13.10 | 36.42 | 25.16 | 29.52 | 30.84 | 2.61 | 0.03 |
| Non-operating income (net) | 7.93 | -8.77 | -9.57 | -1.29 | 2.90 | -7.46 | -7.53 | -7.67 | -8.01 | -7.10 | -6.98 | -7.34 | -7.77 | -7.77 | -5.96 | -5.74 | -7.34 | -6.80 | -14.90 | -6.93 | -6.65 | -6.34 | -8.29 | -8.48 | -8.08 | -8.73 | -10.87 | -10.06 | -12.66 | -15.87 | -24.28 | -13.54 | -8.53 | -137.16 | -5.61 | -5.61 | -3.59 | -43.52 | -0.09 | -4.64 | -4.25 | -4.24 | -3.25 | -2.64 | -0.76 | -4.86 | 0.12 | -0.88 | -2.41 | -3.36 | -2.54 | -2.83 | -3.00 | -2.26 | -0.04 | 0.00 | 0.00 | 0.00 | -0.82 | -0.42 | -0.40 | -0.39 | -0.30 | -0.25 | -0.65 | -14.46 | -0.40 | -0.19 | 0.00 | -0.13 | -0.11 | -0.59 | -11.15 | -25.70 | -14.28 | -15.51 | 0.01 | -15.77 | -10.52 | -0.04 | 2.54 |
| Income before tax | 46.29 | 11.66 | -2.78 | -0.85 | 4.25 | 1.30 | 8.69 | 21.61 | 15.06 | 17.50 | 7.49 | 26.81 | 46.91 | 46.91 | 10.01 | -3.95 | -26.99 | -21.04 | -44.67 | -28.69 | -25.03 | -28.66 | -10.02 | 49.17 | 39.55 | 12.73 | -13.74 | -14.98 | 5.64 | -10.47 | -37.98 | -27.19 | -18.72 | -151.28 | -15.90 | -15.90 | 1.51 | -39.15 | -7.57 | 12.97 | 29.30 | 30.15 | 25.83 | 30.90 | 30.32 | -1.54 | 1.28 | -16.54 | 3.99 | -22.05 | -19.24 | -31.66 | -32.39 | -32.53 | -21.81 | -7.19 | -8.67 | -8.67 | -21.72 | -10.00 | -6.97 | -12.84 | -5.42 | 7.90 | 9.54 | -4.27 | -11.79 | -0.14 | 17.54 | 17.20 | 42.68 | 35.55 | 23.42 | 1.68 | -1.18 | 20.90 | 25.18 | 13.75 | 20.32 | 2.57 | 2.57 |
| Income tax expense | -0.01 | 0.00 | 0.61 | 0.00 | -0.27 | -0.27 | -0.14 | 0.24 | -0.01 | 0.14 | 0.10 | 0.28 | -0.03 | -0.18 | 0.07 | 0.10 | -0.32 | 0.09 | 1.52 | 0.53 | 3.26 | 3.26 | 13.80 | 1.55 | 1.42 | 0.08 | 1.01 | 1.46 | 5.00 | 40.25 | 2.44 | 2.23 | 1.72 | 4.65 | 0.64 | 0.08 | -2.08 | 2.29 | -3.37 | -2.34 | -0.79 | 0.04 | 2.72 | 0.06 | 0.17 | -0.07 | 0.00 | -0.32 | -0.36 | -0.36 | 0.82 | 0.42 | 0.00 | -0.07 | -0.21 | -0.25 | -0.11 | -0.11 | -0.10 | -0.21 | -0.21 | 9.90 | -0.32 | -0.26 | 11.15 | 25.70 | 14.28 | 15.51 | 2.36 | 15.77 | 10.52 | -14.05 | 0.02 | ||||||||
| Net income | 46.29 | 11.66 | -2.78 | -0.85 | 4.25 | 1.30 | 8.69 | 21.61 | 15.06 | 17.50 | 7.49 | 26.81 | 46.91 | 46.91 | 10.01 | -3.95 | -26.99 | -21.04 | -44.67 | -28.69 | -25.03 | -28.66 | -10.02 | 49.17 | 39.55 | 12.73 | -13.74 | -14.98 | 5.64 | -10.47 | -37.98 | -27.19 | -18.72 | -151.37 | -15.90 | -15.90 | -3.43 | -39.15 | -7.57 | 12.97 | 29.30 | 30.15 | 25.83 | 30.90 | 30.32 | -1.54 | 1.28 | -16.54 | 3.99 | -22.09 | -19.24 | -31.70 | -32.39 | -32.53 | -23.34 | -7.92 | -9.39 | -9.39 | -21.72 | -10.00 | -6.97 | -12.84 | -5.42 | 7.90 | 9.54 | 9.54 | -11.79 | -0.14 | 17.21 | 17.20 | 42.68 | 35.55 | 23.42 | 1.68 | -1.18 | 20.90 | 22.81 | 13.75 | 20.32 | 16.66 | 0.02 |