Filing Flows › International Seaways (INSW) › Q2 2026 › vs Q2 2025
International Seaways (INSW) Q2 2026 vs Q2 2025 (year over year)
International Seaways's revenue rose $272M (+139%) from $196M in Q2 2025 to $467M in Q2 2026. The biggest changes: Voyage charter revenues +$113M (12×); Pool Revenue Leases +$107M (+72%); Time and Bareboat Charter Leases +$51.9M (+141%). Operating margin 64.5% against 35.5% (+29.0 pts).
International Seaways, Q2 2026: revenue $467M (+139% year over year), operating margin 64.5%, net earnings $295M, operating cash flow $268M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 64.5% | 35.5% | +29.0 pts |
| Net margin | 63.1% | 31.5% | +31.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Pool Revenue Leases | $256M | $149M | $107M | +72% |
| Voyage charter revenues | $123M | $10.1M | $113M | 12× |
| Time and Bareboat Charter Leases | $88.6M | $36.7M | $51.9M | +141% |
| Revenue | $467M | $196M | $272M | +139% |
| Operating profit | $301M | $69.4M | $232M | +334% |
| Costs & expenses | $166M | $126M | $39.7M | +31% |
| Pre-tax earnings | $295M | $61.6M | $233M | +378% |
| Other expense, net | $6.4M | $7.7M | −$1.3M | -17% |
| General & admin | $16.6M | $12.2M | $4.4M | +36% |
| Other operating costs | $149M | $114M | $35.2M | +31% |
| Income tax benefit | $1K | $0 | $1K | — |
| Net earnings | $295M | $61.6M | $233M | +378% |
| Depreciation & amortization | $39.7M | $41.3M | −$1.7M | -4% |
| Share-based compensation | $1.6M | $1.8M | −$278K | -15% |
| Working capital & other | $68.5M | $19.1M | $49.4M | +259% |
| Operating cash flow | $268M | $85.8M | $182M | +212% |
Questions
How much did International Seaways's revenue grow year over year in Q2 2026?
International Seaways's revenue rose $272M (+139%) from $196M in Q2 2025 to $467M in Q2 2026.
What drove International Seaways's revenue change in Q2 2026?
Voyage charter revenues +$113M (12×); Pool Revenue Leases +$107M (+72%); Time and Bareboat Charter Leases +$51.9M (+141%).