TEN
Tsakos Energy Navigation Ltd
NYSE: TEN · ENERGY · OIL & GAS MIDSTREAM
$40.68
+1.45% today
Updated 2026-04-30
Market cap
$1.20B
P/E ratio
8.97
P/S ratio
1.51x
EPS (TTM)
$4.45
Dividend yield
4.02%
52W range
$15 – $41
Volume
0.5M
Tsakos Energy Navigation Ltd (TEN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.68B | $6.18B | $5.92B | $444.93M | $5.94B | $7.21B | $7.36B | $7.96B | $8.42B | $8.21B | $481.79M | $529.18M | $529.88M | $597.45M | $644.13M | $546.12M | $860.40M | $889.57M | $804.06M | $798.69M |
| Revenue growth (YoY) | — | +32.0% | -4.3% | -92.5% | +1234.4% | +21.4% | +2.2% | +8.2% | +5.7% | -2.5% | -94.1% | +9.8% | +0.1% | +12.8% | +7.8% | -15.2% | +57.5% | +3.4% | -9.6% | -0.7% |
| Cost of revenue | $3.84B | $5.21B | $5.06B | $221.81M | $4.90B | $6.04B | $6.17B | $6.73B | $7.03B | $6.84B | $366.37M | $426.60M | $464.66M | $456.48M | $483.17M | $544.66M | $573.75M | $519.56M | $528.79M | $516.75M |
| Gross profit | $847.00M | $974.00M | $853.00M | $223.12M | $1.04B | $1.17B | $1.19B | $1.23B | $1.40B | $1.36B | $115.42M | $102.58M | $65.22M | $140.97M | $160.96M | $1.46M | $286.65M | $370.01M | $275.27M | $281.94M |
| Gross margin | 18.1% | 15.8% | 14.4% | 50.1% | 17.5% | 16.2% | 16.2% | 15.4% | 16.6% | 16.6% | 24.0% | 19.4% | 12.3% | 23.6% | 25.0% | 0.3% | 33.3% | 41.6% | 34.2% | 35.3% |
| R&D | $88.00M | $114.00M | $127.00M | — | $117.00M | $133.00M | $126.00M | $144.00M | $169.00M | $146.00M | — | $158.00M | $204.00M | $324.00M | $273.00M | $285.00M | — | — | — | — |
| SG&A | $377.00M | $399.00M | $392.00M | $18.43M | $417.00M | $428.00M | $427.00M | $453.00M | $519.00M | $491.00M | $25.61M | $648.00M | $794.00M | $1.14B | $29.04M | $29.13M | $29.85M | $33.34M | $45.37M | $42.08M |
| Operating income | $198.00M | $256.00M | $112.00M | $72.41M | $287.00M | $400.00M | $435.00M | $428.00M | $499.00M | $524.00M | $89.81M | $76.26M | $38.18M | $113.28M | $96.69M | $-119.86M | $256.35M | $391.50M | $278.56M | $239.86M |
| Operating margin | 4.2% | 4.1% | 1.9% | 16.3% | 4.8% | 5.6% | 5.9% | 5.4% | 5.9% | 6.4% | 18.6% | 14.4% | 7.2% | 19.0% | 15.0% | -21.9% | 29.8% | 44.0% | 34.6% | 30.0% |
| EBITDA | $302.81M | $331.32M | $366.49M | $211.98M | $164.46M | $560.00M | $604.00M | $590.00M | $174.14M | $285.73M | $197.57M | $215.28M | $184.98M | $227.46M | $218.00M | $99.15M | $371.39M | $555.78M | $434.74M | $409.92M |
| EBITDA margin | 6.5% | 5.4% | 6.2% | 47.6% | 2.8% | 7.8% | 8.2% | 7.4% | 2.1% | 3.5% | 41.0% | 40.7% | 34.9% | 38.1% | 33.8% | 18.2% | 43.2% | 62.5% | 54.1% | 51.3% |
| EBIT | $118.81M | $126.32M | $144.49M | $117.70M | $-51.55M | $353.00M | $399.00M | $385.00M | $-33.86M | $82.73M | $90.48M | $76.26M | $38.18M | $88.03M | $80.90M | $-27.67M | $249.81M | $411.54M | $294.93M | $239.86M |
| Interest expense | $196.00M | $77.38M | $82.90M | $45.88M | $149.00M | $108.00M | $105.00M | $35.00M | $30.49M | $28.50M | $37.44M | $66.21M | $76.34M | $74.02M | $53.67M | $41.82M | $59.92M | $106.45M | $113.30M | $97.84M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $51.00M | $-5.00M | $-415.00M | $28.68M | $39.00M | $157.00M | $275.00M | $183.00M | $226.00M | $247.00M | $55.78M | $7.61M | $-99.20M | $15.13M | $24.00M | $-151.40M | $204.23M | $300.18M | $176.23M | $160.90M |
| Net income growth (YoY) | — | -109.8% | -8200.0% | +106.9% | +36.0% | +302.6% | +75.2% | -33.5% | +23.5% | +9.3% | -77.4% | -86.4% | -1403.2% | +115.2% | +58.7% | -730.8% | +234.9% | +47.0% | -41.3% | -8.7% |
| Profit margin | 1.1% | -0.1% | -7.0% | 6.4% | 0.7% | 2.2% | 3.7% | 2.3% | 2.7% | 3.0% | 11.6% | 1.4% | -18.7% | 2.5% | 3.7% | -27.7% | 23.7% | 33.7% | 21.9% | 20.1% |