NAT
NORDIC AMERICAN TANKERS Ltd
Next earnings Aug 26, 2026 (before open) · consensus $0.23 EPS, $96.6M rev
$5.81
▲ +0.52%$5.81▲ +147.36%
over 1Y
L $2.27H $6.47
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.5%
1W-7.2%
1M+15.7%
3M-1.5%
YTD+85.4%
1Y+147.4%
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy
Conservative balance sheet (liabilities/equity 0.82x); but revenue fell -16.6% YoY.
Revenue (FY2025) $292M · FY2025
The read
Weak on both the fundamentals and the price — little to like at the current level.
NORDIC AMERICAN TANKERS Ltd shows $292M in FY2025 revenue (-16.6% YoY), a 4.2% net margin, and 2.8% ROE.
Supporting the case: conservative balance sheet (liabilities/equity 0.82x).
Is NAT a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $191M | $339M | $392M | $350M | $292M |
| Gross profit | — | — | — | — | — |
| Operating income | -$144M | $41.9M | $128M | $77.3M | $46.3M |
| Net income | -$171M | $15.1M | $98.7M | $46.6M | $12.3M |
| Diluted EPS | -$1.05 | $0.07 | $0.47 | $0.22 | $0.06 |
| Net margin | -89.7% | 4.5% | 25.2% | 13.3% | 4.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.61B
EV / EBITDA—
EV / Sales5.5
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield1.0%
FCF yield—
Quality & risk
ROIC (est.)4.2%
Free cash flow—
Total debt$424M
Net cash-$378M
Altman Z-Score2.63 grey
Piotroski F-Score5/8
Capital returns
Buyback yield—
Dividend yield (est.)6.9%
Shareholder yield6.9%
Shares Δ YoY+0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-032026-06-04open ↗6-KPeriod ending 2026-06-302026-06-01open ↗4Period ending 2026-05-292026-05-29open ↗20-FPeriod ending 2025-12-312026-04-29open ↗3Period ending 2026-03-182026-04-23open ↗3Period ending 2026-03-182026-04-09open ↗3Period ending 2026-03-182026-04-09open ↗3Period ending 2026-03-182026-04-09open ↗3Period ending 2026-03-182026-03-24open ↗6-KPeriod ending 2026-03-312026-03-02open ↗6-KPeriod ending 2025-11-302025-11-28open ↗
Frequently asked
- Is NORDIC AMERICAN TANKERS Ltd (NAT) a buy?
- NAT currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.82x); but revenue fell -16.6% YoY.
- What is NAT's fair value?
- A Modified-Graham model based on NAT's SEC fundamentals estimates a fair value of about $0.44. It is an estimate from reported earnings, not a price target.
- Is NAT overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, NAT currently appears overvalued relative to its SEC-grounded earnings power.
- What is NORDIC AMERICAN TANKERS Ltd's quality score?
- NAT scores 53.897322458395124/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001000177, latest 4 filed 2026-06-25) · EODHD · as of 7/4/2026, 5:27:46 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
Rule-based analysis, generated automatically from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 1:27 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.