Nordic American Tankers Limited: stock overview

NATNYSEIndustrials · Water Transportation

Price

$6.72

November 13, 2026Market cap $1.4B

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  • The full history: 10 fiscal years, from 2016
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In short

Nordic American Tankers had revenue of $292M in the fiscal year to December 31, 2025 and net income of $12M, a net margin of 4.2%. Revenue fell by 3.8% a year on average over the last 5 years. At $6.72 the shares trade at a P/E of 116.0, against a median of 27.5 over the last 4 fiscal years. It has net debt of $378M. It pays a dividend yielding 5.36%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.4B
212M shares
P/E
116.0
Today116.0
Median27.5
Revenue, fiscal year
$292M
-3.8% a year over 5 years
Net margin
4.2%
above 24% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-13.7% a year over 2 years

  • 202520-F
    Revenue$292M
  • 202420-F
    Revenue$350M
  • 202320-F
    Revenue$392M

Fiscal years in figures

NAT's revenue, profit, cash flow and dividend with each year-end price, from 2016 to 2022, 7 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $728M
$1.4B
Enterprise value 
$1.8B
P/E 3-year median: 11.4
116.0
EV / EBIT 
38.9
EV / Revenue 
6.2
P/B 3-year median: 1.6
3.2
FCF yield 3-year median: 15.9%
1.4%
Earnings yield 3-year median: 8.8%
0.9%

Profitability

Gross margin 
62.3%
Operating margin 
15.9%
Net margin 3-year median: 13.3%
4.2%
ROIC 
4.2%
ROIC, 5-year average 
2.8%
ROE, fiscal year 
2.8%

Growth

Revenue, yearly change 
-16.6%
EPS, yearly change 
-72.7%
FCF, yearly change 
-84.3%
Revenue, average a year 
-3.8%
EPS, average a year 
-29.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$46M
Total debt 
$424M
Net debt 
$378M
Net debt / EBITDA 
3.6x
Interest cover 
1.3x
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 3-year median: 11.7%
5.36%
Buybacks 
–
Total returned 
5.36%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 44).

Operating margin

15.9%

Above 35% of the 42 companies in its industry, and 76% of all.

Net margin

4.2%

Above 24% of the 44 companies in its industry, and 50% of all.

ROE

2.8%

Above 19% of the 40 companies in its industry, and 38% of all.

ROA

1.4%

Above 24% of the 43 companies in its industry, and 49% of all.

Revenue growth

-16.6%

Above 23% of the 42 companies in its industry, and 6% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
NORDIC AMERICAN TANKERS Ltd
CIK
1000177
Exchange
NYSE
Industry (SIC)
4400 · Water Transportation
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
212M

Other companies: Industrials

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The full analysis

What do Nordic American Tankers's filings show?

These are Nordic American Tankers's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

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  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NAT

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What is NAT's market cap?

Nordic American Tankers Limited's market cap is $1.4B, at a price of $6.72 on November 13, 2026 and 212M shares.

What is NAT's P/E?

NAT's P/E is 116.0, on earnings per share of $0.06 in the fiscal year to December 31, 2025. The median over the last 4 fiscal years was 27.5.

How much revenue does NAT have?

Nordic American Tankers had revenue of $292M in the fiscal year to December 31, 2025. Over the last 5 years it changed by -3.8% a year on average.

Does NAT pay a dividend?

Yes. Nordic American Tankers paid $0.36 per share over the last 12 months, a yield of 5.36% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Nordic American Tankers Limited's SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.