Nordic American Tankers
NAT
8.21
-0.01
-0.12%
Nordic American Tankers
US · NAT
#2885 by market cap
Listed 1970
8.21
-0.01
-0.12%
Live - 5344 symbols - heartbeat 471s ago
· 2026-10-08 06:11
Pre-market
8.36
+1.80%
After-hours
8.27
+0.67%
Overnight
8.25
+0.49%
- Market cap
- 1.74B
- P/E (TTM)i
- 14.16
- P/Bi
- 3.64
- EPSi
- 0.06
- Div yieldi
- 7.55%
- 52W posi
- 92%
Reader sentiment
Are you bullish or bearish on NAT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.83, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -16.60% YoY
Margins
- Gross margin
- 19.59%
- Operating margin
- 10.19%
- Net margin
- 4.21%
Key ratios & quality
- Enterprise valuei
- 2.12B
- Altman Z-Scorei
- 2.83
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 289.02M | 317.22M | 354.62M | 191.08M | 339.34M | 391.69M | 349.74M | 291.69M |
| Gross profit | -17.10M | 45.45M | 98.81M | -73.22M | 54.97M | 150.78M | 106.14M | 57.14M |
| Selling & admin expenses | 12.73M | 13.48M | 17.59M | 15.62M | 18.80M | 22.89M | 28.83M | 28.14M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -29.83M | 31.97M | 81.23M | -84.15M | 36.18M | 127.89M | 77.31M | 29.72M |
| Pretax profit | -87.56M | -10.28M | 50.10M | -171.27M | 15.12M | 98.83M | 46.63M | 12.32M |
| Tax | 79.00K | 71.00K | 64.00K | 59.00K | 23.00K | 120.00K | -10.00K | 48.00K |
| Net profit | -95.31M | -10.35M | 50.03M | -171.33M | 15.10M | 98.71M | 46.64M | 12.27M |
| Basic EPS | -1 | 0 | 0 | -1 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.67 | -0.07 | 0.34 | -1.05 | 0.07 | 0.47 | 0.22 | 0.06 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 37.95M | 40.15M | 45.69M | 167.91M | 77.51M | 79.30M |
| Gross profit | 8.20M | 6.81M | 13.82M | 28.31M | 47.64M | 50.73M |
| Selling & admin expenses | 6.85M | 6.38M | 7.04M | 7.88M | 9.28M | 9.57M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.35M | 434.00K | 6.78M | 21.16M | 40.16M | 55.80M |
| Pretax profit | 4.25M | -852.00K | -2.78M | 11.71M | 46.29M | 68.34M |
| Tax | -- | -- | -- | -- | -- | -- |
| Net profit | 4.25M | -852.00K | -2.78M | 11.66M | 46.29M | 68.34M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.02 | 0.00 | -0.01 | 0.06 | 0.22 | 0.32 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 112.95M | 129.37M | 99.52M | 107.11M | 142.66M | 108.91M | 98.77M | 150.87M |
| Cash & ST investments | 49.33M | 49.67M | 57.85M | 34.74M | 59.58M | 31.08M | 39.18M | 45.86M |
| Inventory | 20.29M | 22.48M | 19.41M | 20.87M | 25.43M | 31.18M | 21.93M | 19.93M |
| Total assets | 1.07B | 1.03B | 974.35M | 851.15M | 879.88M | 879.20M | 817.59M | 902.16M |
| Total current liabilities | 36.29M | 59.03M | 39.68M | 67.65M | 72.41M | 70.48M | 59.79M | 67.42M |
| Short-term debt | 18.69M | 23.54M | 22.09M | 37.55M | 39.70M | 31.90M | 21.56M | 35.40M |
| Long-term debt | 417.84M | 375.36M | 334.62M | 283.41M | 266.34M | 269.70M | 248.14M | 388.74M |
| Total liabilities | 469,080,000.00 | 435,479,000.00 | 375,221,000.00 | 352,929,000.00 | 339,901,000.00 | 340,892,000.00 | 308,774,000.00 | 456,643,000.00 |
| Total equity | 602.03M | 595.42M | 599.13M | 498.22M | 539.98M | 538.30M | 508.81M | 445.52M |
| Retained earnings | -308.80M | -10.35M | 0 | -171.33M | -156.23M | -57.52M | -10.87M | 1.40M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 156.35M | 150.93M | 131.88M | 150.87M | 194.91M | 224.08M |
| Cash & ST investments | 103.24M | 94.49M | 67.58M | 45.86M | 81.12M | 133.29M |
| Inventory | 20.78M | 19.08M | 21.01M | 19.93M | 15.93M | 15.14M |
| Total assets | 867.27M | 957.39M | 926.96M | 902.16M | 901.26M | 917.50M |
| Total current liabilities | 101.54M | 64.71M | 67.50M | 67.42M | 64.98M | 68.43M |
| Short-term debt | 76.11M | 35.41M | 35.40M | 35.40M | 35.40M | 35.40M |
| Long-term debt | 264.34M | 406.89M | 397.65M | 388.74M | 379.99M | 371.16M |
| Total liabilities | 366,682,000.00 | 472,345,000.00 | 465,840,000.00 | 456,643,000.00 | 445,316,000.00 | 439,874,000.00 |
| Total equity | 500.58M | 485.05M | 461.12M | 445.52M | 455.94M | 477.62M |
| Retained earnings | -- | -- | -- | 1.40M | -- | -- |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -16.10M | 52.86M | 110.94M | -44.46M | 24.13M | 139.45M | 128.16M | 19.82M |
| Depreciation & amortization | 60.70M | 63.97M | 67.83M | 68.35M | 50.42M | 51.40M | 56.15M | 57.74M |
| Free cash flow | -20.97M | 50.33M | 92.87M | -62.19M | -71.28M | 65.78M | 125.54M | -114.63M |
| Dividends paid | -9.94M | -14.26M | -67.24M | -9.70M | -22.68M | -89.78M | -87.70M | -84.70M |
| Stock buybacks / issuance | 0 | 17.92M | 20.71M | 80.05M | 49.10M | 0 | 5.39M | 0 |
| Ending cash balance | 49.33M | 61.64M | 62.07M | 44.65M | 63.30M | 33.36M | 44.38M | 45.86M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -849.00K | 1.37M | 3.90M | 15.40M | 29.74M | 68.82M |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -1.13M | -134.00M | 3.86M | 16.65M | 29.74M | 68.82M |
| Dividends paid | -21.18M | -14.82M | -21.18M | -27.53M | -36.00M | -46.59M |
| Stock buybacks / issuance | 0 | 0 | 0 | 0 | -- | -- |
| Ending cash balance | 103.24M | 94.49M | 67.58M | 45.86M | 81.12M | 133.29M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -14.52 | -1.73 | 8.38 | -31.23 | 2.91 | 18.31 | 8.91 | 2.57 |
| ROA %i | -8.62 | -0.99 | 4.99 | -18.77 | 1.74 | 11.22 | 5.50 | 1.43 |
| ROIC %i | -6.85 | 1.40 | 7.89 | -17.36 | 4.62 | 14.99 | 8.44 | 5.53 |
| 5-year avg ROE %i | -5.90 | -5.94 | -6.86 | -13.00 | -7.24 | -0.67 | 1.46 | 0.29 |
| EBIT margin %i | -20.00 | 7.48 | 21.78 | -77.39 | 11.37 | 32.65 | 21.88 | 16.22 |
| FCF / sales %i | -- | 15.87 | 26.19 | -- | -- | 16.79 | 35.89 | -- |
| Current ratioi | 3.11 | 2.19 | 2.51 | 1.58 | 1.97 | 1.55 | 1.65 | 2.24 |
| Quick ratioi | 1.98 | 1.26 | 1.62 | 0.65 | 1.11 | 0.81 | 0.93 | 0.96 |
| Debt / assetsi | 40.75 | 38.78 | 36.69 | 37.84 | 34.84 | 34.30 | 32.99 | 47.01 |
| LT debt / equityi | 69.40 | 63.20 | 55.97 | 57.12 | 49.42 | 50.10 | 48.77 | 87.26 |
| Interest coveragei | -1.94 | 0.70 | 2.85 | -6.32 | 1.64 | 4.40 | 2.56 | 1.35 |
| Revenue CAGR (3Y) %i | -13.45 | -3.90 | 6.07 | -12.88 | 2.27 | 3.37 | 22.32 | -4.92 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | 25.42 | -- | -6.68 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -10.86 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 6.96 | 2.65 | 0.39 | 2.57 | 11.36 | 25.66 |
| ROA %i | 4.13 | 1.47 | 0.22 | 1.43 | 6.14 | 13.17 |
| ROIC %i | 6.83 | 4.05 | 2.99 | 5.53 | 8.78 | 15.86 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 19.88 | 14.59 | 11.72 | 16.22 | 27.35 | 42.79 |
| FCF / sales %i | 26.60 | -- | -- | -- | -- | 32.14 |
| Current ratioi | 1.54 | 2.33 | 1.95 | 2.24 | 3.00 | 3.27 |
| Quick ratioi | 1.18 | 1.68 | 1.24 | 0.96 | 1.61 | 2.27 |
| Debt / assetsi | 39.26 | 46.20 | 46.72 | 47.01 | 46.09 | 44.31 |
| LT debt / equityi | 52.81 | 83.89 | 86.23 | 87.26 | 83.34 | 77.71 |
| Interest coveragei | 2.23 | 1.44 | 1.06 | 1.35 | 2.50 | 4.54 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 06:11:37 · For reference only, not investment advice and not tailored to your situation.