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NYSE · Consumer discretionary

NORDIC AMERICAN TANKERS Ltd (NAT)

NORDIC AMERICAN TANKERS Ltd reported revenue of $291.7M in fiscal 2025, down 16.6% from a year earlier. Net income was $12.3M, a net margin of 4.2%. At December 31, 2025 it held $45.9M in cash against $424.1M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 29, 2026.

Price
$7.72
+0.78% on the day · September 25, 2026
52-week range $3.06 to $8.33
Market cap
$1.6B
Revenue (FY2025)
$291.7M
-16.6% year on year
Net margin
4.2%

What NORDIC AMERICAN TANKERS Ltd does

NORDIC AMERICAN TANKERS Ltd is registered with the SEC under industry code SIC 4400 (Water Transportation). Its shares trade on NYSE under the ticker NAT.

Revenue and profit by year

Revenue
FY18: $289M $289M FY18FY19: $317.2M $317.2M FY19FY20: $354.6M $354.6M FY20FY21: $191.1M $191.1M FY21FY22: $339.3M $339.3M FY22FY23: $391.7M $391.7M FY23FY24: $349.7M $349.7M FY24FY25: $291.7M $291.7M FY25
Net income
FY18: -$95.3M -$95.3M FY18FY19: -$10.4M -$10.4M FY19FY20: $50M $50M FY20FY21: -$171.3M -$171.3M FY21FY22: $15.1M $15.1M FY22FY23: $98.7M $98.7M FY23FY24: $46.6M $46.6M FY24FY25: $12.3M $12.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$291.7M$46.3M$12.3M$0.06n/a
2024$349.7M$77.3M$46.6M$0.22n/a
2023$391.7M$127.9M$98.7M$0.47n/a
2022$339.3M$41.9M$15.1M$0.07n/a
2021$191.1M-$144.5M-$171.3M-$1.05n/a
2020$354.6M$81.2M$50M$0.34n/a

Where NAT ranks in Consumer discretionary

Revenue$291.7M
#622 of 778 in Consumer discretionary · Bottom 20%
Revenue growth-16.6%
#730 of 766 in Consumer discretionary · Bottom 5%
Net margin4.2%
#363 of 774 in Consumer discretionary · Top 47%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

NORDIC AMERICAN TANKERS Ltd declared $0.36 per share in fiscal 2025. It paid out $84.7M in cash dividends, 690% of its net income.

Fiscal yearPer sharePaid outOf profit
2025$0.36$84.7M690%
2024$0.40$87.7M188%
2023n/a$89.8M91%
2022n/a$22.7M150%
2021n/a$9.7Mn/a
2020n/a$67.2M134%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What NORDIC AMERICAN TANKERS Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 27, 2026
  2. June 1, 2026
  3. April 29, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  4. March 2, 2026
  5. November 28, 2025
  6. November 24, 2025
  7. September 30, 2025
  8. September 3, 2025
  9. June 4, 2025
  10. April 29, 2025
    Annual report (foreign issuer) 20-F · period to December 31, 2024

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 25, 2026. Insider transactions on SEC

Insider trades

What the people running NORDIC AMERICAN TANKERS Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about NAT

What does NORDIC AMERICAN TANKERS Ltd do?

NORDIC AMERICAN TANKERS Ltd is registered with the SEC under industry code SIC 4400 (Water Transportation). Its shares trade on NYSE under the ticker NAT.

Is NORDIC AMERICAN TANKERS Ltd profitable?

Yes. In fiscal 2025 it reported net income of $12.3M on revenue of $291.7M, a net margin of 4.2%.

How much revenue does NORDIC AMERICAN TANKERS Ltd make?

In fiscal 2025 NORDIC AMERICAN TANKERS Ltd reported revenue of $291.7M. That is 16.6% less than a year earlier.

When did NORDIC AMERICAN TANKERS Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 29, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 27, 2026.

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Where the numbers come from

Financial figures are the values NORDIC AMERICAN TANKERS Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.