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.

Watch NAT in 60 seconds

Price

$6.49

-0.16% on the day · November 10, 2026

52-week range $3.33 to $8.88

Market cap

$1.4B

Revenue (FY2025)

$291.7M

-16.6% year on year

Net margin

4.2%

Key facts about NORDIC AMERICAN TANKERS Ltd

Net worth: NORDIC AMERICAN TANKERS Ltd has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $445.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit: In fiscal 2025 revenue was $291.7M (-16.6% year on year), with net income of $12.3M.
Cash flow: In fiscal 2025 operations brought in $19.8M of cash.
Latest report: The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 29, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
Dividend: NORDIC AMERICAN TANKERS Ltd declared dividends of $0.36 per share in fiscal 2025.

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

Net income

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

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$291.7M	$46.3M	$12.3M	$0.06	n/a
2024	$349.7M	$77.3M	$46.6M	$0.22	n/a
2023	$391.7M	$127.9M	$98.7M	$0.47	n/a
2022	$339.3M	$41.9M	$15.1M	$0.07	n/a
2021	$191.1M	-$144.5M	-$171.3M	-$1.05	n/a
2020	$354.6M	$81.2M	$50M	$0.34	n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where NAT ranks in Consumer discretionary

Revenue$291.7M

#666 of 1077 in Consumer discretionary · Bottom 38%

Revenue growth-16.6%

#885 of 952 in Consumer discretionary · Bottom 7%

Net margin4.2%

#410 of 968 in Consumer discretionary · Top 42%

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 year	Per share	Paid out	Of profit
2025	$0.36	$84.7M	690%
2024	$0.40	$87.7M	188%
2023	n/a	$89.8M	91%
2022	n/a	$22.7M	150%
2021	n/a	$9.7M	n/a
2020	n/a	$67.2M	134%

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.

September 28, 2026
Foreign issuer update 6-K
August 27, 2026
Foreign issuer update 6-K
June 1, 2026
Foreign issuer update 6-K
April 29, 2026
Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 17% to $291.7M versus the prior year; diluted EPS $0.06 versus $0.22.
March 2, 2026
Foreign issuer update 6-K
November 28, 2025
Foreign issuer update 6-K
November 24, 2025
Foreign issuer update 6-K
September 30, 2025
Foreign issuer update 6-K
September 3, 2025
Foreign issuer update 6-K
June 4, 2025
Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 6, 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 bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)

last 90 days

Sold

last 90 days

Date	Insider	What	Shares	Price	Value	Filing
October 6, 2026	Hansson AlexanderDirector	Received as pay	300,000	$8.44	$2.5M	Form 4
July 10, 2026	Hansson HerbjornChief Executive Officer	Received as pay	100,000	$6.03	$603K	Form 4
June 25, 2026	Hansson AlexanderDirector	Received as pay	145,000	$6.44	$933.8K	Form 4
June 3, 2026	Hansson HerbjornChief Executive Officer, Director	Received as pay	100,000	$5.26	$526K	Form 4
May 29, 2026	Hansson AlexanderDirector	Received as pay	300,000	$5.16	$1.5M	Form 4

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

Who owns NAT

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

No holder of 5% or more has filed about this company in that window.

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 273 managers reported a position.

Holder	Shares	Value	Change on quarter
BlackRock, Inc.	12,764,448	$70.7M	+746,279
Dimensional Fund Advisors LP	12,146,392	$67.3M	-43,419
Ameriprise Financial Inc	9,881,026	$54.7M	+1,619,543
Morgan Stanley	9,472,741	$52.5M	+3,292,585
Goldman Sachs Group Inc	9,036,384	$50.1M	+4,461,004
CastleKnight Management LP	7,172,359	$39.7M	+1,908,713
Nuveen, LLC	5,624,780	$31.2M	+641,870
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	4,781,293	$26.5M	+201,738
State Street Corp	4,564,186	$25.3M	+302,212
Geode Capital Management, LLC	2,849,254	$15.8M	+298,939
Two Sigma Investments, LP	2,253,959	$12.5M	+1,648,843
Vanguard Portfolio Management LLC	1,856,739	$10.3M	+298,784
Tudor Investment Corp ET AL	1,834,742	$10.2M	+239,970
American Century Companies Inc	1,690,777	$9.4M	-2,357,132
Bridgeway Capital Management, LLC	1,603,665	$8.9M	+45,759
UBS Group AG	1,564,603	$8.7M	+741,107
Bnp Paribas Financial Markets	1,343,657	$7.4M	+567,285
Northern Trust Corp	1,331,827	$7.4M	+167,914
Philip James Wealth Mangement, LLC	1,294,603	$7.2M	-22,984
Connor, Clark & Lunn Investment Management Ltd.	1,137,587	$6.3M	+447,195

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

2 insiders reported holding 12,000,000 shares in total, about $77.9M at the last price.

Holder	Shares	As of
Hansson AlexanderDirector	6,300,000	October 6, 2026
Hansson HerbjornChief Executive Officer	5,700,000	July 10, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about NAT

What does NORDIC AMERICAN TANKERS Ltd do?

NORDIC AMERICAN TANKERS Ltd is a company in the Consumer discretionary sector, listed on NYSE as NAT. Its shares trade on NYSE under the ticker NAT.

What is NORDIC AMERICAN TANKERS Ltd's net worth?

NORDIC AMERICAN TANKERS Ltd has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $445.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

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 insider trade from October 6, 2026.

Does NORDIC AMERICAN TANKERS Ltd pay a dividend?

Yes. NORDIC AMERICAN TANKERS Ltd declared dividends of $0.36 per share in fiscal 2025.

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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.