What is Tsakos Energy Navigation Ltd.'s annual revenue?

Tsakos Energy Navigation Ltd. (TEN) reported $798.7M in total revenue for fiscal year 2025. This represents a -0.7% 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 Tsakos Energy Navigation Ltd.'s revenue growing?

Tsakos Energy Navigation Ltd. (TEN) revenue declined by 0.7% year-over-year, from $804.1M to $798.7M in fiscal year 2025.

Is Tsakos Energy Navigation Ltd. profitable?

Yes, Tsakos Energy Navigation Ltd. (TEN) reported a net income of $160.9M in fiscal year 2025, with a net profit margin of 20.2%.

What is Tsakos Energy Navigation Ltd.'s earnings per share (EPS)?

Tsakos Energy Navigation Ltd. (TEN) reported diluted earnings per share of $4.45 for fiscal year 2025. This represents a -11.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Tsakos Energy Navigation Ltd.'s EBITDA?

Tsakos Energy Navigation Ltd. (TEN) had EBITDA of $422.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Tsakos Energy Navigation Ltd. have?

As of fiscal year 2025, Tsakos Energy Navigation Ltd. (TEN) had $293.3M in cash and equivalents against $1.5B in long-term debt.

What is Tsakos Energy Navigation Ltd.'s operating margin?

Tsakos Energy Navigation Ltd. (TEN) had an operating margin of 31.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Tsakos Energy Navigation Ltd.'s net profit margin?

Tsakos Energy Navigation Ltd. (TEN) had a net profit margin of 20.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Tsakos Energy Navigation Ltd. pay dividends?

Yes, Tsakos Energy Navigation Ltd. (TEN) paid $0.50 per share in dividends during fiscal year 2025.

What is Tsakos Energy Navigation Ltd.'s return on equity (ROE)?

Tsakos Energy Navigation Ltd. (TEN) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tsakos Energy Navigation Ltd.'s operating cash flow?

Tsakos Energy Navigation Ltd. (TEN) generated $297.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tsakos Energy Navigation Ltd.'s total assets?

Tsakos Energy Navigation Ltd. (TEN) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Tsakos Energy Navigation Ltd. have outstanding?

Tsakos Energy Navigation Ltd. (TEN) had 30M shares outstanding as of fiscal year 2025.

What is Tsakos Energy Navigation Ltd.'s current ratio?

Tsakos Energy Navigation Ltd. (TEN) had a current ratio of 0.95 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Tsakos Energy Navigation Ltd.'s debt-to-equity ratio?

Tsakos Energy Navigation Ltd. (TEN) had a debt-to-equity ratio of 0.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tsakos Energy Navigation Ltd.'s return on assets (ROA)?

Tsakos Energy Navigation Ltd. (TEN) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tsakos Energy Navigation Ltd.'s P/E ratio?

Tsakos Energy Navigation Ltd. (TEN) trades at 9.6x earnings, its market capitalization divided by net income of $160.9M net income, FY2025. The market capitalization is $1.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Tsakos Energy Navigation Ltd.'s price-to-sales ratio?

Tsakos Energy Navigation Ltd. (TEN) trades at 1.9x sales, its market capitalization divided by revenue of $798.7M revenue, FY2025. The market capitalization is $1.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Tsakos Energy Navigation Ltd. (TEN) Financials

TEN

FY2025 annual

Revenue $798.7M -0.7% YoY

Net Income $160.9M -8.7% YoY

EPS (Diluted) $4.45 -11.5% YoY

Operating Cash Flow $297.6M -3.3% YoY

Market Cap $1.5B as of Oct 17, 2026

Price / Sales 1.9x on $798.7M revenue, FY2025

Price / Earnings 9.6x on $160.9M net income, FY2025

Price / Book 0.8x on $2.0B equity, Q2 FY2026

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 Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Sep 17, 2026 Currency USD FYE December

Newest figures come from the 6-K for Q2 FY2026, filed Sep 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TEN SEC filings page.

Tsakos Energy Navigation Ltd. (TEN) reported $798.7M in revenue for fiscal year 2025, down 0.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 TEN FY2025 2026-10-03

Tsakos remains profitable and cash-generative, but weaker margins and rising debt make 2025 less efficient than 2023.

Earnings are converting to operating cash: 2025 operating cash flow was $297.6M versus net income of $160.9M. Yet reported investing outflows of $458.1M exceeded that cash generation, while long-term debt reached $1.5B; the business produces cash internally but still relies on substantial balance-sheet financing for asset investment.

Operating profitability has stepped down from 44.0% in FY2023 to 31.6% in FY2025, indicating that each dollar of business now produces less operating income. Revenue was $798.7M in 2025, so the weaker result reflects reduced earnings efficiency rather than vanished revenue.

Short-term financial flexibility has tightened: the current ratio fell from 1.6x in FY2023 to 0.9x in FY2025, putting current liabilities above current assets at the latest year-end. Total liabilities reached $2.1B against assets of $4.0B, showing that balance-sheet expansion has come with heavier obligations.

Financial Health Signals

Financial Health Score 34/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Tsakos Energy Navigation Ltd.'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.

Profitability

Tsakos Energy Navigation Ltd. has an operating margin of 31.6%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 34.6% the prior year.

Growth

Tsakos Energy Navigation Ltd.'s revenue declined 0.7% year-over-year, from $804.1M to $798.7M. This contraction results in a growth score of 29/100.

Leverage

Tsakos Energy Navigation Ltd. has elevated debt relative to equity (D/E of 0.82), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.

Liquidity

Tsakos Energy Navigation Ltd.'s current ratio of 0.95 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Not available for Tsakos Energy Navigation Ltd., and counted as zero in the overall score.

Returns

Tsakos Energy Navigation Ltd.'s ROE of 8.8% shows moderate profitability relative to equity, earning a score of 53/100. This is down from 10.2% the prior year.

Altman Z-Score Distress

1.10

Tsakos Energy Navigation Ltd. scores 1.10, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Tsakos Energy Navigation Ltd. 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 Cash-Backed

1.85x

For every $1 of reported earnings, Tsakos Energy Navigation Ltd. generates $1.85 in operating cash flow ($297.6M OCF vs $160.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.68x

Tsakos Energy Navigation Ltd. earns $2.68 in operating income for every $1 of interest expense ($252.3M vs $94.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$298.4M

YoY+54.4%

Tsakos Energy Navigation Ltd. generated $298.4M in revenue in Q2 2026. This represents an increase of 54.4% from the same quarter a year earlier.

EBITDA

$209.0M

YoY+126.9%

Tsakos Energy Navigation Ltd.'s EBITDA was $209.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 126.9% from the same quarter a year earlier.

Net Income

$139.3M

YoY+419.1%

Tsakos Energy Navigation Ltd. reported $139.3M in net income in Q2 2026. This represents an increase of 419.1% from the same quarter a year earlier.

EPS (Diluted)

$4.40

YoY+556.7%

Tsakos Energy Navigation Ltd. earned $4.40 per diluted share (EPS) in Q2 2026. This represents an increase of 556.7% from the same quarter a year earlier.

Cash & Balance Sheet

Cash & Debt

$464.0M

YoY+64.3%

QoQ+58.2%

5Y CAGR+12.8%

Tsakos Energy Navigation Ltd. held $464.0M in cash against $1.7B in long-term debt as of Q2 2026.

Shares Outstanding

30M

QoQ0.0%

Tsakos Energy Navigation Ltd. had 30M shares outstanding in Q2 2026. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

54.5%

YoY+28.6pp

Tsakos Energy Navigation Ltd.'s operating margin was 54.5% in Q2 2026, reflecting core business profitability. This is up 28.6 percentage points from the same quarter a year earlier.

Net Margin

46.7%

YoY+32.8pp

Tsakos Energy Navigation Ltd.'s net profit margin was 46.7% in Q2 2026, showing the share of revenue converted to profit. This is up 32.8 percentage points from the same quarter a year earlier.

Return on Equity

7.0%

YoY+5.4pp

Tsakos Energy Navigation Ltd.'s ROE was 7.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.4 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

TEN 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.

TEN quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$798.7M-0.7%	$804.1M-9.6%	$889.6M+3.4%	$860.4M+57.5%	$546.1M-15.2%	$644.1M+7.8%	$597.5M+12.8%	$529.9M+0.1%	$529.2M+9.8%	$481.8M-18.0%	$587.7M+17.3%	$501.0M+19.8%	$418.4M+6.2%	$394.0M-0.3%	$395.2M
SG&A Expenses	$42.1M-7.3%	$45.4M+36.1%	$33.3M+11.7%	$29.9M+2.5%	$29.1M+0.3%	$29.0M+4.9%	$27.7M+2.5%	$27.0M+2.7%	$26.3M+2.8%	$25.6M+17.6%	$21.8M+3.6%	$21.0M+1.4%	$20.7M+406.5%	$4.1M-4.6%	$4.3M
Operating Income	$252.3M-9.4%	$278.6M-28.8%	$391.5M+52.7%	$256.4M+313.9%	-$119.9M-224.0%	$96.7M+12.6%	$85.9M+405.1%	-$28.1M-144.3%	$63.5M-29.3%	$89.8M-52.2%	$188.1M+147.3%	$76.0M+1454.2%	$4.9M+279.3%	$1.3M+103.4%	-$37.7M
EBITDA	$422.4M-3.7%	$438.5M-18.2%	$535.7M+34.9%	$397.2M+1597.8%	$23.4M-90.0%	$233.8M+3.8%	$225.3M+89.9%	$118.7M-41.4%	$202.5M-0.4%	$203.2M-30.9%	$294.0M+64.3%	$178.9M+69.9%	$105.3M	N/A	N/A
Interest Expense	$94.0M-17.0%	$113.3M+11.3%	$101.8M+83.6%	$55.5M+43.8%	$38.6M-22.2%	$49.6M-28.1%	$69.0M-4.1%	$71.9M+16.2%	$61.9M+65.3%	$37.4M+30.7%	$28.6M-7.6%	$31.0M-22.1%	$39.8M-17.0%	$47.9M-2.5%	$49.2M
Net Income	$160.9M-8.7%	$176.2M-41.3%	$300.2M+47.0%	$204.2M+234.9%	-$151.4M-730.8%	$24.0M+58.7%	$15.1M+115.2%	-$99.2M-1403.2%	$7.6M-86.4%	$55.8M-64.7%	$158.2M+371.9%	$33.5M+189.5%	-$37.5M+24.0%	-$49.3M+45.0%	-$89.5M
EPS (Basic)	$4.45-11.5%	$5.03-44.4%	$9.04+50.2%	$6.02+163.2%	-$9.53-1091.2%	-$0.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$0.92+52.6%	-$1.94
EPS (Diluted)	$4.45-11.5%	$5.03-44.4%	$9.04+50.4%	$6.01	-$9.53-1091.2%	-$0.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$0.92+52.6%	-$1.94
Diluted Shares (Avg)	30M+0.8%	30M0.0%	30M+4.7%	28M	20M+4.7%	19M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	53M+15.6%	46M

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K
Revenue	$298.4M+54.4%	N/A	$193.3M-9.7%	N/A	$214.1M-3.3%	N/A	$221.5M+2.2%	N/A
SG&A Expenses	$14.8M+11.7%	N/A	$13.2M+67.5%	N/A	$7.9M-35.9%	N/A	$12.3M+67.1%	N/A
Operating Income	$162.7M+225.2%	N/A	$50.0M-51.4%	N/A	$103.0M+24.7%	N/A	$82.6M+43.9%	N/A
EBITDA	$209.0M+126.9%	N/A	$92.1M-35.3%	N/A	$142.4M+20.9%	N/A	$117.8M+28.7%	N/A
Interest Expense	$22.9M0.0%	N/A	$22.9M-22.6%	N/A	$29.6M+18.1%	N/A	$25.1M+134.1%	N/A
Net Income	$139.3M+419.1%	N/A	$26.8M-64.9%	N/A	$76.4M+26.0%	N/A	$60.6M+31.2%	N/A
EPS (Basic)	$4.40+556.7%	N/A	$0.67-71.6%	N/A	$2.36+43.0%	N/A	$1.65+26.0%	N/A
EPS (Diluted)	$4.40+556.7%	N/A	$0.67-71.6%	N/A	$2.36+43.0%	N/A	$1.65+26.0%	N/A
Diluted Shares (Avg)	30M+1.0%	N/A	30M+0.5%	N/A	30M0.0%	N/A	30M+2.8%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.

TEN Balance Sheet

TEN quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.0B+6.7%	$3.7B+10.2%	$3.4B+1.7%	$3.3B+14.3%	$2.9B-7.0%	$3.1B-1.3%	$3.2B-1.6%	$3.2B-5.0%	$3.4B+2.9%	$3.3B+13.3%	$2.9B+7.2%	$2.7B+8.7%	$2.5B+1.3%	$2.5B-3.3%	$2.5B
Current Assets	$434.6M-3.8%	$451.8M-11.3%	$509.3M-0.7%	$513.1M+114.1%	$239.7M-25.4%	$321.5M-19.0%	$397.0M+25.0%	$317.5M+4.3%	$304.4M-15.0%	$358.3M-20.8%	$452.2M+56.0%	$289.8M+24.6%	$232.5M+3.8%	$224.0M-22.1%	$287.6M
Cash & Equivalents	$293.3M-14.6%	$343.4M-7.7%	$372.0M+22.2%	$304.4M+159.7%	$117.2M-27.0%	$160.5M-13.2%	$184.8M-9.7%	$204.8M+7.9%	$189.8M+1.1%	$187.8M-35.2%	$289.7M+43.3%	$202.1M+24.6%	$162.2M+12.4%	$144.3M-17.9%	$175.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.7M-34.3%	$2.5M
Inventory	$12.6M-33.5%	$18.9M-15.8%	$22.5M-14.1%	$26.2M+14.4%	$22.9M+5.1%	$21.8M+67.4%	$13.0M-36.1%	$20.4M+25.1%	$16.3M-13.1%	$18.8M+30.2%	$14.4M-9.6%	$15.9M-18.9%	$19.7M+36.9%	$14.4M-27.6%	$19.8M
Accounts Receivable	$41.1M+55.3%	$26.5M-43.4%	$46.7M-40.3%	$78.2M+155.4%	$30.6M+21.2%	$25.3M-37.4%	$40.3M+14.1%	$35.4M+29.2%	$27.4M-28.5%	$38.3M-15.9%	$45.5M+8.1%	$42.0M+92.2%	$21.9M-24.4%	$28.9M+23.6%	$23.4M
Long-Term Investments	$0	$0	$0	$0-100.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M
Total Liabilities	$2.1B+7.8%	$2.0B+13.4%	$1.7B-5.0%	$1.8B+11.0%	$1.7B-5.9%	$1.8B+3.3%	$1.7B-0.4%	$1.7B-9.0%	$1.9B+0.4%	$1.9B+25.7%	$1.5B-2.8%	$1.5B+2.3%	$1.5B-1.9%	$1.5B-5.7%	$1.6B
Current Liabilities	$458.0M+12.1%	$408.5M+26.4%	$323.2M-12.6%	$369.7M+11.3%	$332.1M-13.1%	$382.0M+7.9%	$354.2M+39.3%	$254.3M-25.0%	$338.9M-13.8%	$393.3M-1.8%	$400.6M+22.4%	$327.3M+43.4%	$228.3M-11.8%	$258.9M-7.4%	$279.7M
Non-Current Liabilities	$1.7B+6.7%	$1.6B+10.4%	$1.4B-3.0%	$1.5B+11.0%	$1.3B-4.0%	$1.4B+2.1%	$1.3B-7.4%	$1.5B-5.5%	$1.5B+4.1%	$1.5B+35.8%	$1.1B-9.6%	$1.2B-5.0%	$1.3B+0.1%	$1.3B-5.3%	$1.3B
Long-Term Debt	$1.5B+9.8%	$1.4B+11.0%	$1.2B+0.2%	$1.2B+1.5%	$1.2B-5.3%	$1.3B-2.4%	$1.3B-9.5%	$1.4B-6.0%	$1.5B+4.1%	$1.5B+36.4%	$1.1B-9.7%	$1.2B-13.8%	$1.4B-4.3%	$1.4B-4.8%	$1.5B
Total Equity	$1.8B+5.3%	$1.7B+6.7%	$1.6B+10.0%	$1.5B+18.6%	$1.2B-8.3%	$1.4B-6.7%	$1.5B-2.9%	$1.5B0.0%	$1.5B+6.3%	$1.4B+0.1%	$1.4B+20.3%	$1.2B+18.3%	$986.5M+6.7%	$924.5M+0.8%	$917.1M
Retained Earnings	$738.4M+13.1%	$652.7M+19.0%	$548.2M+75.9%	$311.7M+108.5%	$149.5M-55.9%	$338.8M-6.9%	$364.0M-9.2%	$400.9M-26.8%	$547.9M-6.0%	$582.9M+2.7%	$567.5M+29.7%	$437.6M+1.6%	$430.5M-10.0%	$478.4M-13.7%	$554.3M

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K
Total Assets	$4.4B+15.0%	$4.0B+6.7%	$3.8B+1.0%	$3.7B+10.2%	$3.8B+9.3%	$3.4B+1.7%	$3.4B+12.6%	$3.3B+14.3%
Current Assets	$616.3M+35.8%	$434.6M-3.8%	$453.7M-21.4%	$451.8M-11.3%	$577.2M-10.4%	$509.3M-0.7%	$644.0M+98.3%	$513.1M+114.1%
Cash & Equivalents	$464.0M+64.3%	$293.3M-14.6%	$282.4M-25.1%	$343.4M-7.7%	$377.3M-28.7%	$372.0M+22.2%	$529.2M+228.4%	$304.4M+159.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$21.7M+34.2%	$12.6M-33.5%	$16.2M-21.6%	$18.9M-15.8%	$20.6M-1.7%	$22.5M-14.1%	$21.0M-36.3%	$26.2M+14.4%
Accounts Receivable	$66.5M+95.6%	$41.1M+55.3%	$34.0M-0.1%	$26.5M-43.4%	$34.1M-9.4%	$46.7M-40.3%	$37.6M-30.0%	$78.2M+155.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%
Total Liabilities	$2.4B+16.2%	$2.1B+7.8%	$2.0B-0.5%	$2.0B+13.4%	$2.1B+10.0%	$1.7B-5.0%	$1.9B+7.4%	$1.8B+11.0%
Current Liabilities	$440.2M+26.0%	$458.0M+12.1%	$349.3M-19.9%	$408.5M+26.4%	$436.4M+4.7%	$323.2M-12.6%	$416.9M+15.7%	$369.7M+11.3%
Non-Current Liabilities	$1.9B+14.1%	$1.7B+6.7%	$1.7B+4.7%	$1.6B+10.4%	$1.6B+11.6%	$1.4B-3.0%	$1.4B+5.3%	$1.5B+11.0%
Long-Term Debt	$1.7B+16.6%	$1.5B+9.8%	$1.5B+6.7%	$1.4B+11.0%	$1.4B+14.1%	$1.2B+0.2%	$1.2B-4.7%	$1.2B+1.5%
Total Equity	$2.0B+13.6%	$1.8B+5.3%	$1.8B+2.8%	$1.7B+6.7%	$1.7B+8.4%	$1.6B+10.0%	$1.6B+19.3%	$1.5B+18.6%
Retained Earnings	$922.9M+34.6%	$738.4M+13.1%	$685.6M+5.9%	$652.7M+19.0%	$647.5M+26.8%	$548.2M+75.9%	$510.6M+182.1%	$311.7M+108.5%

Not reported in any period shown, so not listed: Goodwill.

TEN Cash Flow Statement

TEN quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$297.6M-3.3%	$307.7M-22.2%	$395.3M+37.0%	$288.5M+443.3%	$53.1M-74.1%	$205.4M+11.4%	$184.3M+149.3%	$73.9M-56.7%	$170.8M+0.3%	$170.4M-27.3%	$234.4M+119.1%	$107.0M-9.3%	$117.9M+93.8%	$60.9M+33.5%	$45.6M
Depreciation & Amortization	$170.1M+6.3%	$159.9M+10.9%	$144.2M+2.4%	$140.8M-1.7%	$143.3M+4.5%	$137.1M-1.7%	$139.4M-5.0%	$146.8M+5.6%	$139.0M+22.6%	$113.4M+7.1%	$105.9M+3.0%	$102.9M+2.5%	$100.4M	N/A	N/A
Stock-Based Compensation	$7.1M-13.2%	$8.1M	$0	$0	N/A	N/A	$0	$0-100.0%	$487K-4.5%	$510K	$0-100.0%	$142K-69.7%	$469K-35.8%	$730K-11.0%	$820K
Investing Cash Flow	-$458.1M-3.7%	-$441.6M-221.3%	-$137.4M+54.5%	-$301.8M-3670.8%	-$8.0M+91.5%	-$94.6M+7.4%	-$102.2M-56997.8%	-$179K+99.9%	-$241.8M+58.0%	-$576.1M-229.6%	-$174.8M+31.3%	-$254.3M-76.1%	-$144.4M-236.0%	-$43.0M+37.9%	-$69.2M
Financing Cash Flow	$110.3M+4.5%	$105.5M+155.4%	-$190.6M-197.5%	$195.5M+318.0%	-$89.7M+34.4%	-$136.8M-30.4%	-$104.9M-87.6%	-$55.9M-173.7%	$75.9M-74.6%	$298.5M+969.3%	$27.9M-85.1%	$187.2M+321.1%	$44.5M+190.2%	-$49.3M+36.3%	-$77.3M
Dividends Paid	$60.1M-16.3%	$71.8M+16.1%	$61.9M+41.5%	$43.7M+20.4%	$36.3M-22.3%	$46.7M-5.3%	$49.3M+10.9%	$44.4M+11.5%	$39.9M-1.2%	$40.4M+20.8%	$33.4M+55.9%	$21.4M+105.7%	$10.4M-60.9%	$26.6M-3.8%	$27.7M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$168K-98.3%	$9.8M	$0	$0	$0-100.0%	$20.7M	$0	$0	N/A	N/A	$0

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K
Depreciation & Amortization	$46.3M+10.0%	N/A	$42.1M+6.6%	N/A	$39.5M+12.0%	N/A	$35.3M+3.2%	N/A
Stock-Based Compensation	$507K-78.0%	N/A	$2.3M	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TEN 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.

TEN quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	31.6%-3.0pp	34.6%-9.4pp	44.0%+14.2pp	29.8%+51.7pp	-21.9%-37.0pp	15.0%+0.6pp	14.4%+19.7pp	-5.3%-17.3pp	12.0%-6.6pp	18.6%-13.4pp	32.0%+16.8pp	15.2%+14.0pp	1.2%+0.8pp	0.3%+9.9pp	-9.5%
Net Margin	20.2%-1.8pp	21.9%-11.8pp	33.7%+10.0pp	23.7%+51.5pp	-27.7%-31.4pp	3.7%+1.2pp	2.5%+21.3pp	-18.7%-20.2pp	1.4%-10.1pp	11.6%-15.3pp	26.9%+20.2pp	6.7%+15.6pp	-8.9%+3.6pp	-12.5%+10.2pp	-22.7%
Return on Equity	8.8%-1.4pp	10.2%-8.3pp	18.6%+4.7pp	13.9%+26.1pp	-12.2%-14.0pp	1.8%+0.7pp	1.0%+7.7pp	-6.6%-7.2pp	0.5%-3.5pp	4.0%-7.3pp	11.3%+8.4pp	2.9%+6.7pp	-3.8%+1.5pp	-5.3%+4.4pp	-9.8%
Return on Assets	4.1%-0.7pp	4.8%-4.2pp	8.9%+2.8pp	6.2%+11.4pp	-5.2%-6.0pp	0.8%+0.3pp	0.5%+3.6pp	-3.1%-3.3pp	0.2%-1.5pp	1.7%-3.8pp	5.5%+4.2pp	1.2%+2.8pp	-1.5%+0.5pp	-2.0%+1.5pp	-3.5%
Current Ratio	0.95-0.2x	1.11-0.5x	1.58+0.2x	1.39+0.7x	0.72-0.1x	0.84-0.3x	1.12-0.1x	1.25+0.4x	0.900.0x	0.91-0.2x	1.13+0.2x	0.89-0.1x	1.02+0.2x	0.87-0.2x	1.03
Debt-to-Equity	0.820.0x	0.780.0x	0.75-0.1x	0.83-0.1x	0.970.0x	0.940.0x	0.89-0.1x	0.96-0.1x	1.020.0x	1.04+0.3x	0.77-0.3x	1.02-0.4x	1.40-0.2x	1.56-0.1x	1.65
Asset Turnover	0.200.0x	0.220.0x	0.260.0x	0.26+0.1x	0.190.0x	0.210.0x	0.190.0x	0.170.0x	0.160.0x	0.15-0.1x	0.200.0x	0.190.0x	0.170.0x	0.160.0x	0.16

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K
Operating Margin	54.5%+28.6pp	N/A	25.9%-22.2pp	N/A	48.1%+10.8pp	N/A	37.3%+10.8pp	N/A
Net Margin	46.7%+32.8pp	N/A	13.9%-21.8pp	N/A	35.7%+8.3pp	N/A	27.4%+6.0pp	N/A
Return on Equity	7.0%+5.4pp	N/A	1.5%-2.9pp	N/A	4.5%+0.6pp	N/A	3.8%+0.4pp	N/A
Return on Assets	3.2%+2.5pp	N/A	0.7%-1.3pp	N/A	2.0%+0.3pp	N/A	1.8%+0.3pp	N/A
Current Ratio	1.40+0.1x	0.95-0.2x	1.300.0x	1.11-0.5x	1.32-0.2x	1.58+0.2x	1.54+0.6x	1.39+0.7x
Debt-to-Equity	0.860.0x	0.820.0x	0.840.0x	0.780.0x	0.810.0x	0.75-0.1x	0.77-0.2x	0.83-0.1x
Asset Turnover	0.070.0x	N/A	0.050.0x	N/A	0.060.0x	N/A	0.060.0x	N/A

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.95), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
Tsakos Energy Navigation Ltd. TEN	FY2025	$798.7M	$160.9M	20.2%	$1.5B	34/100
Teekay Corporation Ltd. TK	FY2025	$949.5M	$98.1M	10.3%	$1.2B	70/100
Nordic American Tanker NAT	FY2025	$291.7M	$12.3M	4.2%	$1.6B	32/100
NGL ENERGY PARTNERS LP NGL	FY2026	$3.2B	-$142.3M	-4.5%	$1.9B	30/100
Cool Company Ltd. CLCO	FY2024	$338.5M	$98.1M	29.0%	$511.2M	62/100

Where Tsakos Energy Navigation Ltd. Ranks

Frequently Asked Questions

What is Tsakos Energy Navigation Ltd.'s Altman Z-Score?

Tsakos Energy Navigation Ltd. (TEN) has an Altman Z-Score of 1.10, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Tsakos Energy Navigation Ltd.'s Piotroski F-Score?

Tsakos Energy Navigation Ltd. (TEN) 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 Tsakos Energy Navigation Ltd.'s earnings high quality?

Tsakos Energy Navigation Ltd. (TEN) has an earnings quality ratio of 1.85x, 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.

Can Tsakos Energy Navigation Ltd. cover its interest payments?

Tsakos Energy Navigation Ltd. (TEN) has an interest coverage ratio of 2.68x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Tsakos Energy Navigation Ltd.?

Tsakos Energy Navigation Ltd. (TEN) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.