International Seaways, Inc. (INSW) intrinsic value & 10-year financials
International Seaways, Inc. (INSW) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 8.7% a year to $843.3M, with an average return on invested capital of 7.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $109.99
- Market cap
- $5.5B
- Revenue (FY2025)
- $843.3M
- Revenue growth (10-yr CAGR)
- 8.7%
- ROIC (10-yr avg)
- 7.0%
- Free cash flow (FY2025)
- $378.6M
INSW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $843.3M | $309.3M | $6.23 | $378.6M | 41.0% | 14.2% |
| FY2024 | $951.6M | $416.7M | $8.38 | $545.8M | 47.8% | 19.3% |
| FY2023 | $1.1B | $556.4M | $11.25 | $686.9M | 57.4% | 26.6% |
| FY2022 | $864.7M | $387.9M | $7.77 | $287.1M | 51.2% | 19.8% |
| FY2021 | $272.5M | -$133.5M | -$3.48 | -$77.2M | -41.1% | -6.4% |
| FY2020 | $421.6M | -$5.5M | -$0.20 | $215.6M | 9.5% | 2.7% |
| FY2019 | $366.2M | -$830.0K | -$0.03 | $86.9M | 15.1% | 3.3% |
| FY2018 | $270.4M | -$88.9M | — | -$161.4M | -20.2% | -3.3% |
| FY2017 | $290.1M | -$106.1M | — | -$156.1M | -37.3% | -7.0% |
| FY2016 | $398.3M | -$18.2M | — | $127.0M | 1.5% | 0.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
International Seaways, Inc. is a consistent compounder, expanding top-line revenue at 8.7% annually over the past decade.
International Seaways, Inc. has historically struggled to out-earn its cost of capital, averaging just 7.0% ROIC.
International Seaways, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, International Seaways, Inc. is modeled at -7.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-30.64 per share.