Tsakos Energy Financials
This page shows Tsakos Energy (TEN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Tsakos Energy Navigation’s cash-generating earnings are funding a larger, debt-backed asset base more than a leaner balance sheet.
Over the last two years, assets expanded and long-term debt increased even as return on assets fell from8.9% to4.1% ; paired with operating cash flow staying above net income, that points to cash being used to support more balance-sheet capacity rather than to materially shrink leverage. That matters because earnings quality still looks credible, but the asset efficiency of that larger base has cooled.
With sales roughly flat, operating margin slipped from
The current ratio fell below 1.0x while cash still stood at
Financial Health Signals
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'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.
Tsakos Energy scores 0.99, 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.
Tsakos Energy 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.
For every $1 of reported earnings, Tsakos Energy 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.
Tsakos Energy earns $2.7 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
Earnings & Revenue
Tsakos Energy generated $798.7M in revenue in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
Tsakos Energy's EBITDA was $422.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.7% from the prior year.
Tsakos Energy reported $160.9M in net income in fiscal year 2025. This represents a decrease of 8.7% from the prior year.
Tsakos Energy earned $4.45 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11.5% from the prior year.
Cash & Balance Sheet
Tsakos Energy held $293.3M in cash against $1.5B in long-term debt as of fiscal year 2025.
Tsakos Energy paid $0.50 per share in dividends in fiscal year 2025. This represents a decrease of 66.7% from the prior year.
Tsakos Energy had 30M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Tsakos Energy's operating margin was 31.6% in fiscal year 2025, reflecting core business profitability. This is down 3.0 percentage points from the prior year.
Tsakos Energy's net profit margin was 20.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
Tsakos Energy's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
Capital Allocation
TEN Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $193.3M | N/A | $214.1M | N/A | $221.5M | N/A | $216.7M |
| 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 | $13.2M | N/A | $7.9M | N/A | $12.3M | N/A | $7.4M |
| Operating Income | N/A | $50.0M | N/A | $103.0M | N/A | $82.6M | N/A | $57.4M |
| Interest Expense | N/A | $22.9M | N/A | $29.6M | N/A | $25.1M | N/A | $10.7M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $26.8M | N/A | $76.4M | N/A | $60.6M | N/A | $46.2M |
| EPS (Diluted) | N/A | $0.67 | N/A | $2.36 | N/A | $1.65 | N/A | $1.31 |
TEN Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B+3.8% | $3.8B+2.7% | $3.7B-1.7% | $3.8B+12.0% | $3.4B-2.5% | $3.4B+4.3% | $3.3B+8.0% | $3.1B |
| Current Assets | $434.6M-4.2% | $453.7M+0.4% | $451.8M-21.7% | $577.2M+13.3% | $509.3M-20.9% | $644.0M+25.5% | $513.1M+58.0% | $324.8M |
| Cash & Equivalents | $293.3M+3.9% | $282.4M-17.8% | $343.4M-9.0% | $377.3M+1.4% | $372.0M-29.7% | $529.2M+73.9% | $304.4M+88.9% | $161.1M |
| Inventory | $12.6M-22.2% | $16.2M-14.6% | $18.9M-8.2% | $20.6M-8.3% | $22.5M+7.3% | $21.0M-20.0% | $26.2M-20.4% | $33.0M |
| Accounts Receivable | $41.1M+20.8% | $34.0M+28.6% | $26.5M-22.3% | $34.1M-27.1% | $46.7M+24.2% | $37.6M-51.9% | $78.2M+45.6% | $53.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.1B+4.4% | $2.0B+3.2% | $2.0B-3.6% | $2.1B+17.6% | $1.7B-6.4% | $1.9B+1.6% | $1.8B+5.7% | $1.7B |
| Current Liabilities | $458.0M+31.1% | $349.3M-14.5% | $408.5M-6.4% | $436.4M+35.0% | $323.2M-22.5% | $416.9M+12.8% | $369.7M+2.6% | $360.4M |
| Long-Term Debt | $1.5B+0.6% | $1.5B+9.2% | $1.4B-2.3% | $1.4B+13.6% | $1.2B+0.5% | $1.2B-0.3% | $1.2B-4.5% | $1.3B |
| Total Equity | $1.8B+3.1% | $1.8B+2.1% | $1.7B+0.7% | $1.7B+6.0% | $1.6B+2.2% | $1.6B+7.6% | $1.5B+10.9% | $1.3B |
| Retained Earnings | $738.4M+7.7% | $685.6M+5.1% | $652.7M+0.8% | $647.5M+18.1% | $548.2M+7.4% | $510.6M+63.8% | $311.7M+72.2% | $181.0M |
TEN Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| 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 |
TEN Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | 25.9% | N/A | 48.1% | N/A | 37.3% | N/A | 26.5% |
| Net Margin | N/A | 13.9% | N/A | 35.7% | N/A | 27.4% | N/A | 21.3% |
| Return on Equity | N/A | 1.5% | N/A | 4.5% | N/A | 3.8% | N/A | 3.5% |
| Return on Assets | N/A | 0.7% | N/A | 2.0% | N/A | 1.8% | N/A | 1.5% |
| Current Ratio | 0.95-0.3 | 1.30+0.2 | 1.11-0.2 | 1.32-0.3 | 1.58+0.0 | 1.54+0.2 | 1.39+0.5 | 0.90 |
| Debt-to-Equity | 0.82-0.0 | 0.84+0.1 | 0.78-0.0 | 0.81+0.1 | 0.75-0.0 | 0.77-0.1 | 0.83-0.1 | 0.96 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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
Frequently Asked Questions
What is Tsakos Energy's annual revenue?
Tsakos Energy (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's revenue growing?
Tsakos Energy (TEN) revenue declined by 0.7% year-over-year, from $804.1M to $798.7M in fiscal year 2025.
Is Tsakos Energy profitable?
Yes, Tsakos Energy (TEN) reported a net income of $160.9M in fiscal year 2025, with a net profit margin of 20.2%.
What is Tsakos Energy's EBITDA?
Tsakos Energy (TEN) had EBITDA of $422.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tsakos Energy have?
As of fiscal year 2025, Tsakos Energy (TEN) had $293.3M in cash and equivalents against $1.5B in long-term debt.
What is Tsakos Energy's operating margin?
Tsakos Energy (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's net profit margin?
Tsakos Energy (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 pay dividends?
Yes, Tsakos Energy (TEN) paid $0.50 per share in dividends during fiscal year 2025.
What is Tsakos Energy's return on equity (ROE)?
Tsakos Energy (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's operating cash flow?
Tsakos Energy (TEN) generated $297.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tsakos Energy's total assets?
Tsakos Energy (TEN) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Tsakos Energy's current ratio?
Tsakos Energy (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's debt-to-equity ratio?
Tsakos Energy (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's return on assets (ROA)?
Tsakos Energy (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's Altman Z-Score?
Tsakos Energy (TEN) has an Altman Z-Score of 0.99, 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's Piotroski F-Score?
Tsakos Energy (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's earnings high quality?
Tsakos Energy (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 cover its interest payments?
Tsakos Energy (TEN) has an interest coverage ratio of 2.7x, 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?
Tsakos Energy (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.