Tsakos Energy Navigation Limited (TEN-PE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|
| Sales/Revenue | 193.31M | 188.26M | 200.16M | 214.06M | 201.59M | 220.24M | 186.66M | 221.45M | 261.21M | 270.25M | 223.74M | 216.7M | 149.7M | 139.13M | 131.56M | 136.41M | 139.01M | 131.63M | 142.83M | 190.77M |
| Revenue Growth % | -9.69% | -14.52% | 7.23% | -3.34% | -22.83% | -18.51% | -16.57% | 2.19% | 74.49% | 94.25% | 70.07% | 58.85% | 7.69% | 5.7% | -7.89% | -28.49% | -22.3% | -24.95% | 9.03% | 32.46% |
| Cost of Goods Sold | 129.63M | 129.93M | 128.99M | 135.8M | 134.19M | 129.59M | 127.31M | 126.56M | 136.1M | 140.22M | 147.94M | 152.25M | 133.34M | 138.42M | 140.43M | 135.86M | 129.95M | 125.86M | 121.1M | 118.04M |
| COGS % of Revenue | 67.06% | 69.01% | 64.44% | 63.44% | 66.56% | 58.84% | 68.2% | 57.15% | 52.1% | 51.88% | 66.12% | 70.26% | 89.07% | 99.49% | 106.74% | 99.59% | 93.48% | 95.62% | 84.79% | 61.88% |
| Gross Profit | 63.68M | 58.33M | 71.17M | 78.26M | 67.4M | 90.65M | 59.35M | 94.9M | 125.11M | 130.03M | 75.8M | 64.45M | 16.36M | 711K | -8.87M | 556K | 9.06M | 5.77M | 21.73M | 72.73M |
| Gross Margin % | 32.94% | 30.99% | 35.56% | 36.56% | 33.44% | 41.16% | 31.8% | 42.85% | 47.9% | 48.12% | 33.88% | 29.74% | 10.93% | 0.51% | -6.74% | 0.41% | 6.52% | 4.38% | 15.21% | 38.12% |
| Gross Profit Growth % | -18.63% | -35.65% | 19.92% | -17.53% | -46.12% | -30.29% | -21.7% | 47.24% | 664.53% | 18188.89% | 954.46% | 11492.09% | 80.58% | -87.68% | -140.82% | -99.24% | -85.08% | -90.74% | 15.26% | 181.91% |
| Operating Expenses | 13.24M | 15.92M | 14.22M | 7.9M | 7.33M | 7.5M | 6.34M | 12.34M | 7.16M | 7.62M | 8.06M | 7.38M | 6.79M | 7.2M | 7.46M | 7.63M | 6.84M | 7.18M | 6.59M | 7.67M |
| OpEx % of Revenue | 6.85% | 8.46% | 7.11% | 3.69% | 3.63% | 3.41% | 3.4% | 5.57% | 2.74% | 2.82% | 3.6% | 3.41% | 4.54% | 5.17% | 5.67% | 5.59% | 4.92% | 5.46% | 4.61% | 4.02% |
| Selling, General & Admin | 13.24M | 15.92M | 14.22M | 7.9M | 7.33M | 7.5M | 6.34M | 12.34M | 7.16M | 7.62M | 8.06M | 7.38M | 6.79M | 7.2M | 7.46M | 7.63M | 6.84M | 7.18M | 6.59M | 7.67M |
| SG&A % of Revenue | 6.85% | 8.46% | 7.11% | 3.69% | 3.63% | 3.41% | 3.4% | 5.57% | 2.74% | 2.82% | 3.6% | 3.41% | 4.54% | 5.17% | 5.67% | 5.59% | 4.92% | 5.46% | 4.61% | 4.02% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 70K | 0 | 0 | 0 | 61K | 0 | -13K | 0 | 0 | 65K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 50.44M | 42.41M | 56.95M | 70.36M | 60.08M | 83.15M | 53.01M | 82.56M | 199.15M | 122.42M | 67M | 57.37M | 9.57M | -92.85M | -16.34M | -12.89M | 2.22M | -20.14M | 15.14M | 46.93M |
| Operating Margin % | 26.09% | 22.53% | 28.45% | 32.87% | 29.8% | 37.75% | 28.4% | 37.28% | 76.24% | 45.3% | 29.95% | 26.47% | 6.39% | -66.74% | -12.42% | -9.45% | 1.6% | -15.3% | 10.6% | 24.6% |
| Operating Income Growth % | -28.31% | -48.99% | 7.44% | -14.79% | -69.83% | -32.08% | -20.88% | 43.92% | 1981.19% | 231.84% | 510.16% | 545.13% | 331.42% | -361.1% | -207.89% | -127.46% | -95.95% | -173.54% | 29.28% | 146.95% |
| EBITDA | 92.53M | 83.96M | 98.29M | 109.85M | 97.6M | 120.69M | 56.38M | 86.82M | 234.29M | 159.83M | 68.16M | 91.54M | 9.59M | -86.25M | -16.05M | -6.95M | 2.23M | -7.71M | 15.03M | 81.43M |
| EBITDA Margin % | 47.87% | 44.6% | 49.1% | 51.32% | 48.42% | 54.8% | 30.21% | 39.2% | 89.69% | 59.14% | 30.46% | 42.24% | 6.41% | -61.99% | -12.2% | -5.1% | 1.61% | -5.86% | 10.52% | 42.68% |
| EBITDA Growth % | -15.77% | -30.43% | 74.32% | 26.53% | -58.34% | -24.49% | -17.27% | -5.15% | 2342.54% | 285.31% | 524.64% | 1416.88% | 329.75% | -1018.39% | -206.8% | -108.54% | -95.98% | -115.55% | 21.21% | 60.69% |
| D&A (Non-Cash Add-back) | 42.09M | 41.55M | 41.34M | 39.49M | 37.53M | 37.54M | 3.38M | 4.26M | 35.14M | 37.41M | 1.16M | 34.17M | 23K | 6.6M | 285K | 5.94M | 14K | 12.43M | 0 | 34.5M |
| EBIT | 52.03M | 46.36M | 60.21M | 108.34M | 79.56M | 61.1M | 56.38M | 88.8M | 201.97M | 123.77M | 67.42M | 57.64M | 9.59M | -92.59M | -16.05M | -12.77M | 2.23M | -20.32M | 15.03M | 47.15M |
| Net Interest Income | -20.51M | -20.77M | -28.99M | -26.06M | -21.9M | -25.23M | -20.82M | -21.62M | -21.75M | -24.94M | -14.64M | -10.46M | -3.11M | -15.46M | -8.01M | -7.33M | -6.92M | 11.88M | -13.46M | -13.4M |
| Interest Income | 3.23M | 3.97M | 3.22M | 4.69M | 3.25M | 4.47M | 3.22M | 4.13M | 2.76M | 1.16M | 429K | 226K | 190K | 201K | 175K | 200K | 127K | 533K | 28K | 120K |
| Interest Expense | 23.74M | 24.74M | 32.21M | 30.75M | 25.14M | 29.7M | 24.04M | 25.75M | 24.52M | 26.09M | 15.07M | 10.68M | 3.3M | 15.66M | 8.19M | 7.53M | 7.04M | -11.34M | 13.48M | 13.52M |
| Other Income/Expense | -22.15M | -20.79M | -28.95M | 7.23M | -5.66M | -49.97M | -20.67M | -20.45M | 59.51M | -24.35M | -15.39M | -10.42M | -3.28M | -94.75M | -7.9M | -13.22M | -7.03M | -28.15M | -13.6M | -13.65M |
| Pretax Income | 28.29M | 21.62M | 28M | 77.59M | 54.42M | 33.17M | 32.34M | 62.11M | 177.46M | 98.06M | 52.35M | 46.95M | 6.29M | -101.24M | -24.24M | -20.29M | -4.81M | -29.57M | 1.54M | 33.27M |
| Pretax Margin % | 14.63% | 11.48% | 13.99% | 36.25% | 26.99% | 15.06% | 17.33% | 28.05% | 67.94% | 36.29% | 23.4% | 21.67% | 4.2% | -72.76% | -18.42% | -14.88% | -3.46% | -22.46% | 1.08% | 17.44% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.81M | 0 | 0 | 0 | -6.6M | 0 | 0 | 0 | -23.56M | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -4.91% | 0% | 0% | 0% | 6.52% | 0% | 0% | 0% | 79.68% | 0% | 0% |
| Net Income | 26.52M | 19.27M | 26.54M | 76.39M | 54.03M | 31.76M | 24.48M | 60.64M | 176.55M | 101.14M | 51.35M | 46.23M | 5.52M | -101.91M | -25.01M | -19.66M | -4.82M | -30.12M | 1.42M | 31.48M |
| Net Margin % | 13.72% | 10.24% | 13.26% | 35.69% | 26.8% | 14.42% | 13.11% | 27.38% | 67.59% | 37.42% | 22.95% | 21.33% | 3.69% | -73.25% | -19.01% | -14.41% | -3.47% | -22.88% | 0.99% | 16.5% |
| Net Income Growth % | -65.28% | -39.33% | 8.42% | 25.96% | -69.39% | -68.6% | -52.33% | 31.19% | 3098.37% | 199.25% | 305.35% | 335.07% | 214.48% | -238.36% | -1861.13% | -162.47% | -122.72% | -329.61% | 114.9% | 10220.98% |
| Net Income (Continuing) | 28.29M | 21.62M | 28M | 77.59M | 54.42M | 33.17M | 32.34M | 62.11M | 177.46M | 102.88M | 52.35M | 46.95M | 6.29M | -101.24M | -24.24M | -20.29M | -4.81M | -29.57M | 1.54M | 33.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 42.14M | 39.49M | 0 | 35.68M | 0 | 34.09M | 0 | 51.65M | 0 | 51.02M | 50.87M | 50.87M | 50.99M | 50.99M | 46.41M | 46.41M | 28.14M | 28.14M | 27.47M | 27.47M |
| EPS (Diluted) | 0.67 | 0.42 | 0.67 | 2.36 | 1.60 | 0.85 | 0.83 | 1.65 | 5.69 | 3.17 | 1.77 | 1.61 | 0.22 | -3.99 | -1.26 | -1.05 | -0.26 | -1.65 | 0.08 | 1.65 |
| EPS Growth % | -71.61% | -50.59% | -19.28% | 43.03% | -71.88% | -73.19% | -53.11% | 2.48% | 2486.36% | 179.45% | 240.48% | 253.33% | 184.62% | -141.82% | -1751.38% | -163.64% | -125.49% | -339.13% | 114.4% | 9382.76% |
| EPS (Basic) | 0.67 | 0.42 | 0.67 | 2.36 | 1.60 | 0.85 | 0.83 | 1.65 | 5.69 | 3.17 | 1.79 | 1.63 | 0.22 | -3.99 | -1.26 | -1.05 | -0.26 | -1.74 | 0.08 | 1.65 |
| Diluted Shares Outstanding | 29.66M | 29.63M | 29.61M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.94M | 28.7M | 25.57M | 25.57M | 19.79M | 18.66M | 18.2M | 18.2M | 18.61M | 19.09M |
| Basic Shares Outstanding | 29.66M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.68M | 28.4M | 25.57M | 25.57M | 19.78M | 18.66M | 18.2M | 17.32M | 18.61M | 19.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |