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How International Seaways (INSW) makes money
International Seaways (INSW) made $483M of revenue in the third quarter 2026 (Q3 2026), +146% from a year earlier. Pool Revenue Leases brought in $216M (45%); Voyage charter revenues brought in $154M (32%); Time and Bareboat Charter Leases brought in $114M (24%). Of every dollar of revenue, 73¢ was left as operating profit, 71¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Pool Revenue Leases | $216M | 44.6% | -16% | +48% |
| Voyage charter revenues | $154M | 31.8% | +25% | 14× |
| Time and Bareboat Charter Leases | $114M | 23.6% | +29% | +192% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $483M | 100.0% |
| Operating profit | $351M | 72.7% |
| Income tax | $446K | 0.1% |
| Net earnings | $344M | 71.2% |
| Operating cash flow | $243M | 50.3% |
| Free cash flow | $234M | 48.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $483M | +146% |
| Q2 2026 | $467M | +139% |
| Q1 2026 | $325M | +78% |
| Q4 2025 | $268M | +38% |
| Q3 2025 | $196M | -13% |
| Q2 2025 | $196M | -24% |
| Q1 2025 | $183M | -33% |
From International Seaways' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does International Seaways make money?
International Seaways (INSW) made $483M of revenue in the third quarter 2026 (Q3 2026), +146% from a year earlier. Pool Revenue Leases brought in $216M (45%); Voyage charter revenues brought in $154M (32%); Time and Bareboat Charter Leases brought in $114M (24%). Of every dollar of revenue, 73¢ was left as operating profit, 71¢ was left as net earnings.
What is International Seaways' biggest business?
Pool Revenue Leases: $216M in the third quarter 2026, 45% of revenue, +48% from a year earlier.
What is International Seaways' profit margin?
Net earnings were $344M, 71.2% of revenue, in the third quarter 2026; the operating margin was 72.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.