Scorpio Tankers Financials

STNG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Scorpio Tankers (STNG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 STNG FY2025 2026-04-22

Scorpio Tankers’ cash-rich balance sheet now offsets a reinvestment swing, with earnings still funding much of the asset base.

FY2025 looks weaker on profit and free cash flow, but the more revealing shift is that negative free cash flow came from capital spending of $573M outrunning operating cash flow of $491M, not from balance-sheet strain. At the same time, cash rose to $752M while total liabilities fell to $719M, meaning the company entered this spending year with more cash than all liabilities combined.

From FY2023 through FY2024, the business behaved like a cash-harvesting cycle: operating cash flow stayed above $825M in FY2024 while financing outflows were $1.2B, showing that excess cash was being sent to lenders and shareholders rather than trapped in operations. That helps explain why equity kept rising even as assets shrank: prior profits were used to simplify the balance sheet and retire obligations, not to add leverage for more assets.

FY2025 then flipped the use of cash, with buybacks nearly stopping at $309K and current liquidity stretching to 9.3x. A net margin of 36.7% shows the business remained highly profitable on an accounting basis; the pressure came from reinvestment and lower cash generation, not from a collapse into losses.

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Scorpio Tankers's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Scorpio Tankers's revenue declined 24.6% year-over-year, from $1.2B to $938.2M. This contraction results in a growth score of 6/100.

Leverage

Scorpio Tankers carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 9.33, Scorpio Tankers holds $9.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Scorpio Tankers generated $491.2M in operating cash flow, capex of $572.6M consumed most of it, leaving -$81.4M in free cash flow. This results in a low score of 3/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Scorpio Tankers's ROE of 10.8% shows moderate profitability relative to equity, earning a score of 48/100. This is down from 23.3% the prior year.

Piotroski F-Score Neutral

5/9

Scorpio Tankers passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.43x

For every $1 of reported earnings, Scorpio Tankers generates $1.43 in operating cash flow ($491.2M OCF vs $344.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$938.2M

YoY-24.6%

5Y CAGR+0.5%

10Y CAGR+2.2%

Scorpio Tankers generated $938.2M in revenue in fiscal year 2025. This represents a decrease of 24.6% from the prior year.

EBITDA

N/A

Net Income

$344.3M

YoY-48.5%

5Y CAGR+29.6%

10Y CAGR+4.7%

Scorpio Tankers reported $344.3M in net income in fiscal year 2025. This represents a decrease of 48.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$81.4M

Scorpio Tankers generated -$81.4M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$752.0M

YoY+126.1%

5Y CAGR+32.0%

10Y CAGR+14.1%

Scorpio Tankers held $752.0M in cash against $619.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

52M

YoY+3.7%

5Y CAGR-2.3%

Scorpio Tankers had 52M shares outstanding in fiscal year 2025. This represents an increase of 3.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

36.7%

YoY-17.1pp

5Y CAGR+26.4pp

10Y CAGR+7.9pp

Scorpio Tankers's net profit margin was 36.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 17.1 percentage points from the prior year.

Return on Equity

10.8%

YoY-12.6pp

5Y CAGR+6.2pp

10Y CAGR-4.6pp

Scorpio Tankers's ROE was 10.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 12.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$309K

YoY-99.9%

5Y CAGR-52.7%

10Y CAGR-42.3%

Scorpio Tankers spent $309K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.9% from the prior year.

Capital Expenditures

$572.6M

10Y CAGR-4.5%

Scorpio Tankers invested $572.6M in capex in fiscal year 2025, funding long-term assets and infrastructure.

STNG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$938.2M-24.6%	$1.2B-7.3%	$1.3B-14.2%	$1.6B+189.0%	$540.8M-41.0%	$915.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	$23.7M-21.9%	$30.4M+28.7%	$23.6M-16.9%	$28.5M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$344.3M-48.5%	$668.8M+22.3%	$546.9M-14.2%	$637.3M+371.8%	-$234.4M-349.1%	$94.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

STNG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.9B+2.2%	$3.8B-9.3%	$4.2B-7.2%	$4.6B-9.1%	$5.0B-2.8%	$5.2B
Current Assets	$1.1B+92.3%	$576.3M-0.1%	$577.1M-16.0%	$687.3M+137.7%	$289.2M+19.4%	$242.2M
Cash & Equivalents	$752.0M+126.1%	$332.6M-6.5%	$355.6M-5.7%	$376.9M+63.6%	$230.4M+22.9%	$187.5M
Inventory	$11.9M+17.2%	$10.2M+30.2%	$7.8M-50.0%	$15.6M+77.9%	$8.8M-5.2%	$9.3M
Accounts Receivable	$180.8M+20.4%	$150.2M-26.2%	$203.5M-26.5%	$276.7M+626.8%	$38.1M+15.3%	$33.0M
Goodwill	$8.2M0.0%	$8.2M0.0%	$8.2M0.0%	$8.2M-7.9%	$8.9M0.0%	$8.9M
Total Liabilities	$718.8M-25.7%	$967.8M-42.2%	$1.7B-18.4%	$2.1B-35.4%	$3.2B+2.7%	$3.1B
Current Liabilities	$118.8M-49.9%	$237.2M-53.5%	$510.4M+7.9%	$473.3M-10.3%	$527.8M+30.0%	$406.2M
Long-Term Debt	$619.2M-28.2%	$862.0M	$0-100.0%	$443.5M-14.8%	$520.9M-9.5%	$575.8M
Total Equity	$3.2B+11.6%	$2.9B+12.2%	$2.6B+1.9%	$2.5B+36.5%	$1.8B-11.1%	$2.1B
Retained Earnings	$1.4B+22.3%	$1.2B+99.7%	$587.1M+499.8%	$97.9M+118.2%	-$539.4M-76.9%	-$304.9M

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$3.9B-1.5%	$4.0B+3.8%	$3.8B-9.3%	$4.2B-2.1%	$4.3B-5.2%	$4.6B-1.1%	$4.6B-8.1%	$5.0B
Current Assets	$1.1B+45.2%	$763.3M+32.5%	$576.3M-0.1%	$577.1M+3.2%	$559.2M-18.6%	$687.3M+4.7%	$656.7M+127.1%	$289.2M
Cash & Equivalents	$752.0M+59.6%	$471.1M+41.6%	$332.6M-6.5%	$355.6M+13.3%	$313.9M-16.7%	$376.9M+4.8%	$359.5M+56.0%	$230.4M
Inventory	$11.9M-37.9%	$19.2M+88.7%	$10.2M+30.2%	$7.8M-8.1%	$8.5M-45.5%	$15.6M+17.5%	$13.3M+51.4%	$8.8M
Accounts Receivable	$180.8M+8.1%	$167.3M+11.4%	$150.2M-26.2%	$203.5M+1.0%	$201.6M-27.2%	$276.7M+34.0%	$206.5M+442.3%	$38.1M
Goodwill	$8.2M0.0%	$8.2M0.0%	$8.2M0.0%	$8.2M0.0%	$8.2M0.0%	$8.2M-2.8%	$8.4M-5.3%	$8.9M
Total Liabilities	$718.8M-27.1%	$986.7M+2.0%	$967.8M-42.2%	$1.7B-11.7%	$1.9B-7.6%	$2.1B-23.1%	$2.7B-16.0%	$3.2B
Current Liabilities	$118.8M-23.0%	$154.2M-35.0%	$237.2M-53.5%	$510.4M+10.7%	$460.9M-2.6%	$473.3M+10.3%	$428.9M-18.7%	$527.8M
Long-Term Debt	$619.2M	N/A	$862.0M	$0-100.0%	$87.0M-80.4%	$443.5M-5.7%	$470.3M-9.7%	$520.9M
Total Equity	$3.2B+6.9%	$3.0B+4.4%	$2.9B+12.2%	$2.6B+5.3%	$2.4B-3.3%	$2.5B+29.2%	$1.9B+5.7%	$1.8B
Retained Earnings	$1.4B+13.5%	$1.3B+7.8%	$1.2B+99.7%	$587.1M+47.6%	$397.9M+306.4%	$97.9M+122.6%	-$432.7M+19.8%	-$539.4M

STNG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$491.2M-40.5%	$825.2M-4.7%	$865.5M+12.5%	$769.3M+949.6%	$73.3M-82.5%	$419.4M
Capital Expenditures	$572.6M	N/A	N/A	N/A	$0	$0
Free Cash Flow	-$81.4M	N/A	N/A	N/A	$73.3M-82.5%	$419.4M
Investing Cash Flow	$272.2M-11.6%	$308.0M+606.2%	$43.6M-92.4%	$572.0M+1194.1%	-$52.3M+70.0%	-$174.5M
Financing Cash Flow	-$344.1M+70.2%	-$1.2B-24.3%	-$930.4M+22.1%	-$1.2B-5560.4%	$21.9M+108.4%	-$259.7M
Dividends Paid	$82.5M-1.2%	$83.5M+44.8%	$57.7M+147.3%	$23.3M0.0%	$23.3M+0.1%	$23.3M
Share Buybacks	$309K-99.9%	$335.6M-31.5%	$489.7M+203.4%	$161.4M	N/A	$13.1M

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

STNG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	36.7%-17.1pp	53.8%+13.0pp	40.8%0.0pp	40.8%+84.1pp	-43.4%-53.6pp	10.3%
Return on Equity	10.8%-12.6pp	23.3%+1.9pp	21.4%-4.0pp	25.4%+38.2pp	-12.8%-17.3pp	4.6%
Return on Assets	8.8%-8.6pp	17.4%+4.5pp	12.9%-1.1pp	14.0%+18.7pp	-4.7%-6.5pp	1.8%
Current Ratio	9.33+6.9	2.43+1.3	1.13-0.3	1.45+0.9	0.55-0.0	0.60
Debt-to-Equity	0.19-0.1	0.30+0.3	0.00-0.2	0.18-0.1	0.280.0	0.28
FCF Margin	-8.7%	N/A	N/A	N/A	13.6%-32.2pp	45.8%

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	9.33+4.4	4.95+2.5	2.43+1.3	1.13-0.1	1.21-0.2	1.45-0.1	1.53+1.0	0.55
Debt-to-Equity	0.19-0.1	0.33+0.0	0.30+0.3	0.00-0.0	0.04-0.1	0.18-0.1	0.24-0.0	0.28
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Scorpio Tankers's annual revenue?

Scorpio Tankers (STNG) reported $938.2M in total revenue for fiscal year 2025. This represents a -24.6% 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 Scorpio Tankers's revenue growing?

Scorpio Tankers (STNG) revenue declined by 24.6% year-over-year, from $1.2B to $938.2M in fiscal year 2025.

Is Scorpio Tankers profitable?

Yes, Scorpio Tankers (STNG) reported a net income of $344.3M in fiscal year 2025, with a net profit margin of 36.7%.

How much debt does Scorpio Tankers have?

As of fiscal year 2025, Scorpio Tankers (STNG) had $752.0M in cash and equivalents against $619.2M in long-term debt.

What is Scorpio Tankers's net profit margin?

Scorpio Tankers (STNG) had a net profit margin of 36.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Scorpio Tankers's return on equity (ROE)?

Scorpio Tankers (STNG) has a return on equity of 10.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Scorpio Tankers's free cash flow?

Scorpio Tankers (STNG) generated -$81.4M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Scorpio Tankers's operating cash flow?

Scorpio Tankers (STNG) generated $491.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Scorpio Tankers's total assets?

Scorpio Tankers (STNG) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Scorpio Tankers's capital expenditures?

Scorpio Tankers (STNG) invested $572.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Scorpio Tankers buy back shares?

Yes, Scorpio Tankers (STNG) spent $309K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Scorpio Tankers have outstanding?

Scorpio Tankers (STNG) had 52M shares outstanding as of fiscal year 2025.

What is Scorpio Tankers's current ratio?

Scorpio Tankers (STNG) had a current ratio of 9.33 as of fiscal year 2025, which is generally considered healthy.

What is Scorpio Tankers's debt-to-equity ratio?

Scorpio Tankers (STNG) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Scorpio Tankers's return on assets (ROA)?

Scorpio Tankers (STNG) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Scorpio Tankers's Piotroski F-Score?

Scorpio Tankers (STNG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 Scorpio Tankers's earnings high quality?

Scorpio Tankers (STNG) has an earnings quality ratio of 1.43x, considered cash-backed (high 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.

How financially healthy is Scorpio Tankers?

Scorpio Tankers (STNG) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.