# NORDIC AMERICAN TANKERS Ltd (NAT)

Informational only - not investment advice.

CIK: 0001000177
SIC: 4400 Water Transportation
SIC breadcrumb: [Transportation, Communications, Electric, Gas, And Sanitary Services](/division/E/) > [SIC Major Group 44](/major-group/44/) > [SIC 4400 Water Transportation](/industry/4400/)
Latest 10-K filed: 2026-04-29
SEC page: https://www.sec.gov/edgar/browse/?CIK=1000177
Filing source: https://www.sec.gov/Archives/edgar/data/1000177/000114036126017809/ef20071320_20f.htm

## At a glance

FY2025 · period end 2025-12-31 · filed 2026-04-29 · accession 0001140361-26-017809 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001000177.json

| Metric | Value | FY | Provenance |
| --- | ---: | ---: | --- |
| Revenue | 291,690,000 USD | 2025 | verified |
| Net income | 12,271,000 USD | 2025 | verified |
| Assets | 902,164,000 USD | 2025 | verified |
| Net margin | 4.21% | 2025 | computed |
| Operating margin | 15.89% | 2025 | computed |
| Revenue YoY | -16.60% | 2025 | computed |
| ROE | 2.75% | 2025 | computed |

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

No market price, no rating, no forecast on this site. Not investment advice.

### Peer percentile fingerprint

| Ratio | NAT | Peer median | Percentile | N |
| --- | ---: | ---: | ---: | ---: |
| Net margin | 4.2% | 11.9% | 0 | 8 |
| Operating margin | 15.9% | 16.4% | 43 | 8 |
| Revenue growth | -16.6% | 1.8% | 0 | 8 |
| ROE | 2.8% | 17.6% | 0 | 8 |
| ROA | 1.4% | 7.7% | 0 | 8 |
| Liabilities / equity | 1.02 | 0.90 | 57 | 8 |
| Current ratio | 2.24 | 1.21 | 71 | 8 |

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 4400 Water Transportation, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

## Selected Fundamentals
| Metric | Value | Unit | FY | Filed |
| --- | ---: | --- | ---: | --- |
| Revenue | 291690000 | USD | 2025 | 2026-04-29 |
| Net income | 12271000 | USD | 2025 | 2026-04-29 |
| Assets | 902164000 | USD | 2025 | 2026-04-29 |

## Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-04-29. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001000177.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | 357,451,000 | 297,141,000 | 289,016,000 | 317,220,000 | 354,619,000 | 191,075,000 | 339,340,000 | 391,687,000 | 349,742,000 | 291,690,000 |
| Net income | -4,456,000 | -204,969,000 | -95,306,000 | -10,352,000 | 50,033,000 | -171,328,000 | 15,101,000 | 98,711,000 | 46,643,000 | 12,271,000 |
| Operating income | 53,341,000 | -175,690,000 | -38,616,000 | 31,971,000 | 81,227,000 | -144,463,000 | 41,867,000 | 127,890,000 | 77,311,000 | 46,345,000 |
| Diluted EPS | -0.05 | -1.97 | -0.67 | -0.07 | 0.34 | -1.05 | 0.07 | 0.47 | 0.22 | 0.06 |
| Operating cash flow | 127,786,000 | 31,741,000 | -16,103,000 | 52,858,000 | 110,944,000 | -44,458,000 | 24,134,000 | 139,445,000 | 128,158,000 | 19,824,000 |
| Dividends paid | 125,700,000 | 59,100,000 | 9,900,000 | 14,300,000 | 67,200,000 | 9,700,000 | 22,700,000 | 89,800,000 | 75,100,000 | 76,200,000 |
| Assets | 1,349,904,000 | 1,141,063,000 | 1,071,111,000 | 1,030,903,000 | 974,347,000 | 851,152,000 | 879,883,000 | 879,196,000 | 817,587,000 | 902,164,000 |
| Stockholders' equity | 871,049,000 | 711,064,000 | 602,031,000 | 595,424,000 | 599,126,000 | 498,223,000 | 539,982,000 | 538,304,000 | 508,813,000 | 445,521,000 |
| Cash and cash equivalents | 82,170,000 | 58,359,000 | 49,327,000 | 48,847,000 | 57,847,000 | 34,739,000 | 59,583,000 | 31,078,000 | 39,177,000 | 45,863,000 |

### Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Net margin | -1.25% | -68.98% | -32.98% | -3.26% | 14.11% | -89.67% | 4.45% | 25.20% | 13.34% | 4.21% |
| Operating margin | 14.92% | -59.13% | -13.36% | 10.08% | 22.91% | -75.61% | 12.34% | 32.65% | 22.11% | 15.89% |
| Return on equity | -0.51% | -28.83% | -15.83% | -1.74% | 8.35% | -34.39% | 2.80% | 18.34% | 9.17% | 2.75% |
| Return on assets | -0.33% | -17.96% | -8.90% | -1.00% | 5.14% | -20.13% | 1.72% | 11.23% | 5.70% | 1.36% |
| Liabilities / equity | 0.55 | 0.60 | 0.78 | 0.73 | 0.63 | 0.71 | 0.63 | 0.63 | 0.61 | 1.02 |
| Current ratio | 7.61 | 5.01 | 3.11 | 2.19 | 2.51 | 1.58 | 1.97 | 1.55 | 1.65 | 2.24 |

## As-reported value updates

No tracked differences above grepcent's stated thresholds and capped precision rule were found between the earliest XBRL-filed value and the value currently on file for the standardized annual metrics grepcent tracks.


## Quarterly

No clean discrete quarterly SEC companyfacts metrics were extracted for this company.

## Filed narrative (10-K & 10-Q)

## Latest quarter (10-Q)

No recent 10-Q filing was found in the SEC submissions feed for this filer.

## Latest 10-K MD&A

MD&A text quarantined because Item 7 boundaries were low-confidence, or no Item 7 text was extracted. No filing narrative is emitted for this company until the parser has a clean span.

All MD&A years: /company/NAT/mda/






## Macro cross-references

Indicators mapped to this company's SIC classification (industry 4400 Water Transportation) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim.

- [GDPC1](/indicator/GDPC1/): Real Gross Domestic Product
- [INDPRO](/indicator/INDPRO/): Industrial Production: Total Index
- [TCU](/indicator/TCU/): Capacity Utilization: Total Index
- [DGS10](/indicator/DGS10/): Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity
- [BOPGSTB](/indicator/BOPGSTB/): U.S. International Trade in Goods and Services: Balance

Macro-to-micro threads including this sector: [Money & trade](/thread/money-trade/), [Trade & external](/thread/trade-external/).

All macro indicators: /indicators/


## For LLMs & downloads

Markdown twin: /company/NAT.md · JSON record: /company/NAT.json · verified financials: /company/NAT/financials.json / /company/NAT/financials.csv · machine TOC for the whole site: /llms.txt