Scorpio Tankers Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Scorpio Tankers Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	523	513	585	704	916	541	1,563	1,341	1,244	938
Operating income	76.7	-44.9	10.5	130	245	-90.5	798	705	765	355
Interest expense	104	116	187	186	155	144	170	183	110	80.1
Interest income	1.21	1.54	4.46	8.18	1.25	3.62	6.88	19.1	15.9	21.9
Net income	-24.9	-158	-190	-48.5	94.1	-234	637	547	669	344
EPS, basic	-1.55	-7.35	-5.46	-0.97	1.72	-4.28	11.49	10.44	13.78	7.40
EPS, diluted	-1.55	-7.35	-5.46	-0.97	1.67	-4.28	10.34	10.03	13.15	7.03

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	99.9	186	594	202	188	230	377	356	333	752
Receivables	42.3	65.5	69.7	78.2	33	38.1	277	204	150	181
Inventory	6.12	9.71	8.3	8.65	9.26	8.78	15.6	7.82	10.2	11.9
Total current assets	158	279	687	303	242	289	687	577	576	1,108
Property, plant and equipment	2,913	4,090	3,998	4,008	4,003	3,842	3,089	3,578	3,191	2,741
Lease right-of-use assets			0	698	807	764	690	0
Goodwill	0	11.5	11.5	11.5	8.9	8.9	8.2	8.2	8.2	8.2
Total assets	3,230	4,498	4,784	5,164	5,159	5,014	4,559	4,229	3,834	3,918
Accounts payable	9.28	13	11.9	23.1	12.9	35.1	28.7	10	32.2	34
Total current liabilities	385	209	447	486	406	528	473	510	237	119
Lease liabilities			0	506	576	521	444	0
Total liabilities	1,915	2,813	2,945	3,187	3,093	3,177	2,052	1,675	968	719
Total debt	1,883	2,767	2,910	2,552	2,415	2,542	1,436	1,588	862	619
Retained earnings	0	-158	-348	-399	-305	-539	97.9	587	1,172	1,434
Total equity	1,315	1,685	1,839	1,977	2,066	1,837	2,507	2,554	2,866	3,199
Total liabilities and equity	3,230	4,498	4,784	5,164	5,159	5,014	4,559	4,229	3,834	3,918

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-24.9	-158	-190	-48.5	94.1	-234	637	547	669	344
Cash from operations	179	41.8	57.8	210	419	73.3	769	865	825	491
Capital expenditures	-127	-258	-26.1	-3	0	0				-573
Cash from investing	31.3	-160	-52.7	-207	-174	-52.3	572	43.6	308	272
Stock issued	0	304	337	50	2.6	0	0
Share buybacks	-16.5	0	-23.2	-0	-13.1	0	-161	-490	-336	-0.31
Dividends paid	-86.9	-9.56	-15.1	-21.3	-23.3	-23.3	-23.3	-57.7	-83.5	-82.5
Cash from financing	-311	205	402	-394	-260	21.9	-1,195	-930	-1,156	-344
Net change in cash	-101	86.6	407	-391	-14.8	42.9	146	-21.3	-23	419
Free cash flow	51.7	-217	31.7	207	419	73.3				-81.4

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $81.49 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	37.9%	Operating income / revenue.
Net margin	36.7%	Net income / revenue.
FCF margin	-8.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	52.4%	Cash from operations / revenue.
Return on assets (ROA)	8.9%	Net income / average total assets.
Capex / revenue	61.0%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-24.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-15.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	0.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-53.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-23.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-48.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-18.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	29.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-46.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-12.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	33.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-40.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-13.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	3.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-4.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-5.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	9.33x	Current assets / current liabilities.
Quick ratio	7.85x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	6.33x	(Cash + short-term investments) / current liabilities.
Debt / assets	15.8%	Total debt / total assets.
Liabilities / assets	18.3%	Total liabilities / total assets.
Net debt	-$132.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	4.43x	Operating income / interest expense.
Working capital	$989.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.24x	Revenue / average total assets.
Fixed asset turnover	0.32x	Revenue / average property, plant and equipment.
Receivables turnover	5.67x	Revenue / average receivables.
Days sales outstanding	64 days	365 x average receivables / revenue.
FCF conversion	-23.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	116.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$7.03	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$7.40	Net income per basic share, as reported (split-adjusted).
Payout ratio	24.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.22B	Share price x shares outstanding.
Enterprise value	$4.09B	Market cap + total debt - cash - short-term investments.
P/E	12.3x	Market cap / net income. Only when net income is positive.
P/S	4.50x	Market cap / revenue.
P/OCF	8.59x	Market cap / cash from operations, when positive.
EV/Sales	4.35x	Enterprise value / revenue.
EV/EBIT	11.5x	Enterprise value / operating income, when both are positive.
FCF yield	-1.9%	Free cash flow / market cap.
Earnings yield	8.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.0%	Dividends paid over the period / market cap.
Shareholder yield	2.0%	(Dividends paid + share buybacks) / market cap.

What was Scorpio Tankers Inc.'s revenue in fiscal 2025?

Scorpio Tankers Inc. reported revenue of $938.2M for fiscal 2025, 24.6% lower than the year before.

Was Scorpio Tankers Inc. profitable in fiscal 2025?

Yes. Net income was $344.3M, a net margin of 36.7%.

How much free cash flow did Scorpio Tankers Inc. generate in fiscal 2025?

Cash from operations of $491.2M minus capital expenditures of $572.6M left free cash flow of -$81.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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