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Marine shipping · Industrials
Scorpio Tankers reported revenue of $938M in the fiscal year ended Dec 2025, down 24.6% from the year before. Operating income was $355M, an operating margin of 37.9%, and net income was $344M. Operating cash flow of $491M less capital expenditure of $573M left free cash flow of −$81M. It held more cash than debt (net cash $133M).
Ranks among the 17 marine shipping companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 541 | 1,563 | 1,341 | 1,244 | 938 |
| Operating income | −90.5 | 798 | 705 | 765 | 355 |
| Interest expense | 144 | 170 | 183 | 110 | 80.1 |
| Net income | −234 | 637 | 547 | 669 | 344 |
| Diluted EPS | −4.28 | 10.34 | 10.03 | 13.15 | 7.03 |
| Diluted shares | 54.7 | 63.5 | 54.5 | 50.9 | 48.9 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 230 | 377 | 356 | 333 | 752 |
| Receivables | 38.1 | 277 | 204 | 150 | 181 |
| Inventory | 8.8 | 15.6 | 7.8 | 10.2 | 11.9 |
| Current assets | 289 | 687 | 577 | 576 | 1,108 |
| Net PP&E | 3,842 | 3,089 | 3,578 | 3,191 | 2,741 |
| Goodwill | 8.9 | 8.2 | 8.2 | 8.2 | 8.2 |
| Total assets | 5,014 | 4,559 | 4,229 | 3,834 | 3,918 |
| Payables | 35.1 | 28.7 | 10.0 | 32.2 | 34.0 |
| Current liabilities | 528 | 473 | 510 | 237 | 119 |
| Short-term debt | 413 | 301 | 428 | 131 | 19.1 |
| Long-term debt | 666 | 264 | 939 | 666 | 600 |
| Total liabilities | 3,177 | 2,052 | 1,675 | 968 | 719 |
| Shareholders' equity | 1,837 | 2,507 | 2,554 | 2,866 | 3,199 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 73.3 | 769 | 865 | 825 | 491 |
| Capital expenditure | 0.0 | – | – | – | 573 |
| Free cash flow | 73.3 | – | – | – | −81.4 |
| Stock-based compensation | 22.9 | 20.4 | 47.3 | 62.5 | 71.7 |
| Share buybacks | 0.0 | 161 | 490 | 336 | 0.3 |
| Dividends paid | 23.3 | 23.3 | 57.7 | 83.5 | 82.5 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 189.0% | −14.2% | −7.3% | −24.6% |
| Operating income growth (YoY) | – | – | −11.6% | 8.4% | −53.5% |
| EPS growth (YoY) | – | – | −3.0% | 31.1% | −46.5% |
| Operating margin | −16.7% | 51.0% | 52.6% | 61.5% | 37.9% |
| Net margin | −43.4% | 40.8% | 40.8% | 53.8% | 36.7% |
| Return on equityBlank when equity is negative | −12.8% | 25.4% | 21.4% | 23.3% | 10.8% |
| ROCEEBIT ÷ (assets − current liabilities) | −2.0% | 19.5% | 19.0% | 21.3% | 9.3% |
| Free cash flow margin | 13.6% | – | – | – | −8.7% |
| Cash conversion (CFO ÷ net income) | −0.31x | 1.21x | 1.58x | 1.23x | 1.43x |
| Receivable days | 26 | 65 | 55 | 44 | 70 |
| Interest cover | −0.63x | 4.70x | 3.85x | 6.98x | 4.43x |
| Debt ÷ equity | 0.59x | 0.23x | 0.54x | 0.28x | 0.19x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 849 | 188 | 1,011 | 465 | −133 |
| Current ratio | 0.55x | 1.45x | 1.13x | 2.43x | 9.33x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.