Okeanis Eco Tankers Corp. (ECO) Financials

ECO

FY2025 annual

Revenue $391.5M -0.4% YoY

Net Income $123.0M +12.9% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $111.3M -31.6% YoY

Market Cap $3.0B as of Sep 23, 2026

Price / Sales 7.8x on $391.5M revenue, FY2025

Price / Earnings 24.8x on $123.0M net income, FY2025

Price / Book 5.3x on $573.1M equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 20, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ECO SEC filings page.

Okeanis Eco Tankers Corp. (ECO) reported $391.5M in revenue for fiscal year 2025, down 0.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ECO FY2025 2026-09-05

Debt reduction is reshaping a balance-sheet-intensive business while flat revenue masks weaker cash conversion in FY2025.

FY2025’s earnings rebound was a margin-and-financing story, not a volume story: revenue was essentially flat while net margin widened from 27.7% to 31.4%, indicating profit improvement without top-line expansion. Yet cash conversion weakened: operating cash flow fell 31.6% while net income rose 12.9%, making reported earnings less representative of cash generated during the year.

The balance sheet is being deleveraged: total liabilities fell 6.6% in FY2025, reducing the amount of the asset base supported by creditors. Debt-to-equity declined from 1.6x to 1.1x, a meaningful shift in financing structure even though the company remains debt-funded.

Dividends consumed 63.5% of FY2025 operating cash flow, so a large share of internally generated cash was distributed rather than retained. Capital allocation therefore matters alongside accounting profit: with cash generation lower than earnings, distributions leave less internally generated cash for reinvestment or further debt reduction.

Financial Health Signals

Financial health score not available

Okeanis Eco Tankers Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/8

Okeanis Eco Tankers Corp. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.91x

For every $1 of reported earnings, Okeanis Eco Tankers Corp. generates $0.91 in operating cash flow ($111.3M OCF vs $123.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$116.6M

YoY+136.4%

QoQ+95.2%

Okeanis Eco Tankers Corp. held $116.6M in cash against $605.1M in long-term debt as of Q4 2025.

Shares Outstanding

35M

YoY+10.1%

Okeanis Eco Tankers Corp. had 35M shares outstanding in Q4 2025. This represents an increase of 10.1% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

ECO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ECO quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K
Revenue	$391.5M-0.4%	$393.2M-4.8%	$413.1M+52.4%	$271.0M+60.3%	$169.0M
Interest Expense	$42.2M-21.4%	$53.6M-8.6%	$58.7M+67.3%	$35.1M+29.5%	$27.1M
Net Income	$123.0M+12.9%	$108.9M-25.1%	$145.3M+71.8%	$84.6M+9465.4%	-$903K
Diluted Shares (Avg)	33M+1.2%	32M0.0%	32M0.0%	32M-0.5%	32M

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

ECO Balance Sheet

ECO quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K
Total Assets	$1.2B+11.0%	$1.1B-4.2%	$1.1B-4.6%	$1.2B	N/A
Current Assets	$234.9M+97.6%	$118.9M-13.8%	$137.9M-10.7%	$154.4M	N/A
Cash & Equivalents	$116.6M+136.4%	$49.3M-1.3%	$50.0M-38.5%	$81.3M+113.0%	$38.2M
Inventory	$17.3M-29.0%	$24.3M-4.0%	$25.4M+49.0%	$17.0M	N/A
Total Liabilities	$627.6M-6.6%	$671.7M-6.8%	$721.0M-5.3%	$761.1M	N/A
Current Liabilities	$156.9M+115.9%	$72.7M-31.2%	$105.6M+13.7%	$92.9M	N/A
Non-Current Liabilities	$470.6M-21.4%	$599.0M-2.7%	$615.4M-7.9%	$668.3M	N/A
Long-Term Debt	$605.1M-6.3%	$645.6M-6.9%	$693.3M-6.2%	$739.0M+28.1%	$577.0M
Total Equity	$573.1M+39.6%	$410.4M+0.6%	$408.1M-3.3%	$422.2M+17.8%	$358.3M
Retained Earnings	$452.8M+13.1%	$400.5M+37.3%	$291.6M+99.2%	$146.4M	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K
Total Assets	$1.2B+11.0%	$1.1B-4.6%	$1.1B-4.2%	$1.1B	$1.1B-4.6%	$1.2B	N/A	N/A
Current Assets	$234.9M+97.6%	$136.8M-14.1%	$118.9M-13.8%	$159.3M	$137.9M-10.7%	$154.4M	N/A	N/A
Cash & Equivalents	$116.6M+136.4%	$59.8M-35.6%	$49.3M-1.3%	$92.8M	$50.0M-38.5%	$81.3M+113.0%	$38.2M+63.6%	$23.3M
Inventory	$17.3M-29.0%	$22.0M-16.4%	$24.3M-4.0%	$26.3M	$25.4M+49.0%	$17.0M	N/A	N/A
Total Liabilities	$627.6M-6.6%	$654.8M-6.8%	$671.7M-6.8%	$702.6M	$721.0M-5.3%	$761.1M	N/A	N/A
Current Liabilities	$156.9M+115.9%	$69.8M-35.3%	$72.7M-31.2%	$107.9M	$105.6M+13.7%	$92.9M	N/A	N/A
Non-Current Liabilities	$470.6M-21.4%	$585.0M-1.6%	$599.0M-2.7%	$594.7M	$615.4M-7.9%	$668.3M	N/A	N/A
Long-Term Debt	$605.1M-6.3%	$630.9M-5.7%	$645.6M-6.9%	$668.8M	$693.3M-6.2%	$739.0M+28.1%	$577.0M-30.9%	$834.5M
Total Equity	$573.1M+39.6%	$428.3M-1.0%	$410.4M+0.6%	$432.6M	$408.1M-3.3%	$422.2M+17.8%	$358.3M-9.8%	$397.2M
Retained Earnings	$452.8M+13.1%	$418.4M+12.2%	$400.5M+37.3%	$372.8M	$291.6M+99.2%	$146.4M	N/A	N/A

Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Goodwill.

ECO Cash Flow Statement

ECO quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K
Operating Cash Flow	$111.3M-31.6%	$162.8M-6.4%	$174.0M+110.9%	$82.5M+188.6%	$28.6M
Depreciation & Amortization	$41.4M+0.7%	$41.1M+1.9%	$40.4M+6.4%	$38.0M	N/A
Investing Cash Flow	-$42.4M-434.2%	-$7.9M-926.6%	$961K+100.5%	-$178.7M-162.6%	$285.7M
Financing Cash Flow	-$3.4M+97.8%	-$154.7M+25.3%	-$207.1M-249.0%	$139.0M+146.4%	-$299.4M
Dividends Paid	$70.7M	N/A	N/A	N/A	$3.2M
Share Buybacks	N/A	N/A	N/A	$1.0M+101.0%	$504K

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

ECO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ECO quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K
Net Margin	31.4%+3.7pp	27.7%-7.5pp	35.2%+4.0pp	31.2%+31.7pp	-0.5%
Return on Equity	21.4%-5.1pp	26.5%-9.1pp	35.6%+15.6pp	20.0%+20.3pp	-0.3%
Return on Assets	10.2%+0.2pp	10.1%-2.8pp	12.9%+5.7pp	7.1%	N/A
Current Ratio	1.50-0.1x	1.64+0.3x	1.31-0.4x	1.66	N/A
Debt-to-Equity	1.06-0.5x	1.57-0.1x	1.70-0.1x	1.75+0.1x	1.61
Asset Turnover	0.330.0x	0.360.0x	0.37+0.1x	0.23	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K
Current Ratio	1.50-0.1x	1.96+0.5x	1.64+0.3x	1.48	1.31-0.4x	1.66	N/A	N/A
Debt-to-Equity	1.06-0.5x	1.47-0.1x	1.57-0.1x	1.55	1.70-0.1x	1.75+0.1x	1.61-0.5x	2.10

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Okeanis Eco Tankers Corp. ECO	FY2025	$391.5M	$123.0M	31.4%	$3.0B	—
SFL Corporation Ltd. SFL	FY2025	$733.0M	-$26.4M	-3.6%	$1.8B	31/100
GENCO SHIPPING & TRADING LTD GNK	FY2025	$342.1M	-$4.4M	-1.3%	$1.2B	49/100
Global Ship Lease, Inc. GSL	FY2025	$766.5M	$416.5M	54.3%	$1.6B	77/100
Navios Maritime Partners L.P. NMM	FY2025	$1.3B	$285.3M	21.2%	$2.5B	37/100
Capital Clean Energy Carriers Corp. CCEC	FY2025	N/A	$170.8M	N/A	$1.3B	—

Where Okeanis Eco Tankers Corp. Ranks

Frequently Asked Questions

What is Okeanis Eco Tankers Corp.'s annual revenue?

Okeanis Eco Tankers Corp. (ECO) reported $391.5M in total revenue for fiscal year 2025. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Okeanis Eco Tankers Corp.'s revenue growing?

Okeanis Eco Tankers Corp. (ECO) revenue declined by 0.4% year-over-year, from $393.2M to $391.5M in fiscal year 2025.

Is Okeanis Eco Tankers Corp. profitable?

Yes, Okeanis Eco Tankers Corp. (ECO) reported a net income of $123.0M in fiscal year 2025, with a net profit margin of 31.4%.

How much debt does Okeanis Eco Tankers Corp. have?

As of fiscal year 2025, Okeanis Eco Tankers Corp. (ECO) had $116.6M in cash and equivalents against $605.1M in long-term debt.

What is Okeanis Eco Tankers Corp.'s net profit margin?

Okeanis Eco Tankers Corp. (ECO) had a net profit margin of 31.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Okeanis Eco Tankers Corp.'s return on equity (ROE)?

Okeanis Eco Tankers Corp. (ECO) has a return on equity of 21.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Okeanis Eco Tankers Corp.'s operating cash flow?

Okeanis Eco Tankers Corp. (ECO) generated $111.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Okeanis Eco Tankers Corp.'s total assets?

Okeanis Eco Tankers Corp. (ECO) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Okeanis Eco Tankers Corp. have outstanding?

Okeanis Eco Tankers Corp. (ECO) had 35M shares outstanding as of fiscal year 2025.

What is Okeanis Eco Tankers Corp.'s current ratio?

Okeanis Eco Tankers Corp. (ECO) had a current ratio of 1.50 as of fiscal year 2025, which is considered adequate.

What is Okeanis Eco Tankers Corp.'s debt-to-equity ratio?

Okeanis Eco Tankers Corp. (ECO) had a debt-to-equity ratio of 1.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Okeanis Eco Tankers Corp.'s return on assets (ROA)?

Okeanis Eco Tankers Corp. (ECO) had a return on assets of 10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Okeanis Eco Tankers Corp.'s P/E ratio?

Okeanis Eco Tankers Corp. (ECO) trades at 24.8x earnings, its market capitalization divided by net income of $123.0M net income, FY2025. The market capitalization is $3.0B as of Sep 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Okeanis Eco Tankers Corp.'s price-to-sales ratio?

Okeanis Eco Tankers Corp. (ECO) trades at 7.8x sales, its market capitalization divided by revenue of $391.5M revenue, FY2025. The market capitalization is $3.0B as of Sep 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Okeanis Eco Tankers Corp.'s Piotroski F-Score?

Okeanis Eco Tankers Corp. (ECO) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Okeanis Eco Tankers Corp.'s earnings high quality?

Okeanis Eco Tankers Corp. (ECO) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.