Nordic American Tankers Limited

NYSE:NAT Stock Report

Market Cap: US$777.1m

Nordic American Tankers Past Earnings Performance

Past criteria checks 1/6

Nordic American Tankers has been growing earnings at an average annual rate of 30.2%, while the Oil and Gas industry saw earnings growing at 24% annually. Revenues have been growing at an average rate of 5.5% per year. Nordic American Tankers's return on equity is 0.4%, and it has net margins of 0.6%.

Key information

30.22%

Earnings growth rate

28.77%

EPS growth rate

Oil and Gas Industry Growth33.67%
Revenue growth rate5.51%
Return on equity0.41%
Net Margin0.65%
Last Earnings Update30 Sep 2025

Recent past performance updates

Why Nordic American Tankers' (NYSE:NAT) Shaky Earnings Are Just The Beginning Of Its Problems

Sep 05
Why Nordic American Tankers' (NYSE:NAT) Shaky Earnings Are Just The Beginning Of Its Problems

Recent updates

Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

Nov 19
Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

Nordic American Tankers: Spot Rates Continue Climbing, Setting The Tone For 2026

Nov 17

Risks To Shareholder Returns Are Elevated At These Prices For Nordic American Tankers Limited (NYSE:NAT)

Oct 06
Risks To Shareholder Returns Are Elevated At These Prices For Nordic American Tankers Limited (NYSE:NAT)

Why Nordic American Tankers' (NYSE:NAT) Shaky Earnings Are Just The Beginning Of Its Problems

Sep 05
Why Nordic American Tankers' (NYSE:NAT) Shaky Earnings Are Just The Beginning Of Its Problems

Nordic American Tankers: Q4 Preview And 2025 Outlook

Feb 21

Nordic American Tankers: Limited Downside Protection To Weaknesses In The Suezmax Market

Dec 10

Nordic American Tankers: When Double-Digit Dividend Yields Are Not Enough (Rating Downgrade)

Sep 13

Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold

Sep 02

Nordic American: No Catalysts To Get Constructive

Aug 11

These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively

Jul 29
These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively

Some Shareholders Feeling Restless Over Nordic American Tankers Limited's (NYSE:NAT) P/S Ratio

May 30
Some Shareholders Feeling Restless Over Nordic American Tankers Limited's (NYSE:NAT) P/S Ratio

Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers

Mar 28

Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Feb 24
Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

Feb 08

Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy

Jan 02

A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Dec 16
A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Nordic American: Risk And Reward More Balanced; Downgrade To Hold

Dec 04

Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Oct 26
Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Nordic American Tankers: Seasonality Likely To Result In Lower Q3 Dividend - Hold

Sep 18

Insight Into Nordic American Tankers Q2-2023 Upcoming Earnings

Jul 31

Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

Jul 25
Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

Apr 18
The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Mar 24
There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Mar 06
Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Revenue & Expenses Breakdown

How Nordic American Tankers makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:NAT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 252952290
30 Jun 2530113280
31 Mar 2532736280
31 Dec 2435047290
30 Sep 2436763260
30 Jun 2436462260
31 Mar 2436567250
31 Dec 2339299230
30 Sep 23445117220
30 Jun 23436120200
31 Mar 2341189190
31 Dec 2233915190
30 Sep 22244-94180
30 Jun 22215-149180
31 Mar 22188-173180
31 Dec 21191-171160
30 Sep 21182-127160
30 Jun 21200-92160
31 Mar 21287-15170
31 Dec 2035550180
30 Sep 2041891160
30 Jun 2041888150
31 Mar 2035024140
31 Dec 19317-10130
30 Sep 19326-34130
30 Jun 19303-58140
31 Mar 19313-70130
31 Dec 18289-95130
30 Sep 18275-236150
30 Jun 18343-232130
31 Mar 18272-220130
31 Dec 17297-205130
30 Sep 17310-93100
30 Jun 17313-66110
31 Mar 17336-37120
31 Dec 16357-4120
30 Sep 1650865140
30 Jun 1641298120
31 Mar 16453116110
31 Dec 15446115100
30 Sep 1545284110
30 Jun 1551358130
31 Mar 1537614130
31 Dec 14351-13150

Quality Earnings: NAT has a large one-off gain of $16.6M impacting its last 12 months of financial results to 30th September, 2025.

Growing Profit Margin: NAT's current net profit margins (0.6%) are lower than last year (17.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NAT has become profitable over the past 5 years, growing earnings by 30.2% per year.

Accelerating Growth: NAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NAT had negative earnings growth (-97%) over the past year, making it difficult to compare to the Oil and Gas industry average (-17.5%).

Return on Equity

High ROE: NAT's Return on Equity (0.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/03 03:07
End of Day Share Price 2025/12/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nordic American Tankers Limited is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Liam BurkeB. Riley Securities, Inc.
Gregory LewisBTIG
Noah ParquetteCanaccord Genuity