Okeanis Eco Tank Financials

ECO

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

This page shows Okeanis Eco Tank (eco) financial statements, including the 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 2026-04-22

High reported profitability persisted, but cash conversion softened even as deleveraging made the balance sheet less debt-heavy.

Revenue was nearly flat at $391.5M, but net margin rebounded to 31.4%. Meanwhile operating cash flow fell to $111.3M as current assets swelled to $234.9M, so FY2025 earnings converted into cash less cleanly than FY2024; that matters because an asset-heavy business can look stronger in profit before the same strength shows up in spendable cash.

Leverage eased materially: debt-to-equity improved to 1.1x in FY2025 from 1.8x in FY2022. At the same time, equity rose to $573.1M while long-term debt fell to $605.1M, a sign that recent profitable years have been used to build balance-sheet capacity rather than leave borrowing pressure unchanged.

Liquidity improved without a bigger liability burden: cash more than doubled to $116.6M while total liabilities fell to $627.6M. With the current ratio at 1.5x and ROA near 10.2%, the company is supporting a large asset base with steadier short-term flexibility, not by adding more balance-sheet strain.

Financial Health Signals

Financial Profile 34/100

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 Okeanis Eco Tank'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

Okeanis Eco Tank's revenue declined 0.4% year-over-year, from $393.2M to $391.5M. This contraction results in a growth score of 29/100.

Leverage

Okeanis Eco Tank carries a low D/E ratio of 1.06, meaning only $1.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Okeanis Eco Tank's current ratio of 1.50 is below the typical benchmark, resulting in a score of 25/100. However, the company holds substantial cash reserves (74% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Returns

Okeanis Eco Tank earns a strong 21.4% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is down from 26.5% the prior year.

Piotroski F-Score Neutral

4/9

Okeanis Eco Tank passes 4 of 9 financial strength tests. 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 Tank 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

Revenue

$391.5M

YoY-0.4%

Okeanis Eco Tank generated $391.5M in revenue in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

EBITDA

N/A

Net Income

$123.0M

YoY+12.9%

Okeanis Eco Tank reported $123.0M in net income in fiscal year 2025. This represents an increase of 12.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$116.6M

YoY+136.4%

Okeanis Eco Tank held $116.6M in cash against $605.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

35M

YoY+10.1%

Okeanis Eco Tank had 35M shares outstanding in fiscal year 2025. This represents an increase of 10.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

31.4%

YoY+3.7pp

Okeanis Eco Tank's net profit margin was 31.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.7 percentage points from the prior year.

Return on Equity

21.4%

YoY-5.1pp

Okeanis Eco Tank's ROE was 21.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ECO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$391.5M-0.4%	$393.2M-4.8%	$413.1M+52.4%	$271.0M+60.3%	$169.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	$123.0M+12.9%	$108.9M-25.1%	$145.3M+71.8%	$84.6M+9465.4%	-$903K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
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

ECO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
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
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	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
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$1.2B+10.9%	$1.1B+0.1%	$1.1B-4.7%	$1.1B+0.5%	$1.1B-4.6%	$1.2B	N/A	N/A
Current Assets	$234.9M+71.7%	$136.8M+15.1%	$118.9M-25.4%	$159.3M+15.5%	$137.9M-10.7%	$154.4M	N/A	N/A
Cash & Equivalents	$116.6M+95.2%	$59.8M+21.1%	$49.3M-46.8%	$92.8M+85.6%	$50.0M-38.5%	$81.3M+113.0%	$38.2M+63.6%	$23.3M
Inventory	$17.3M-21.4%	$22.0M-9.7%	$24.3M-7.4%	$26.3M+3.7%	$25.4M+49.0%	$17.0M	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$627.6M-4.2%	$654.8M-2.5%	$671.7M-4.4%	$702.6M-2.5%	$721.0M-5.3%	$761.1M	N/A	N/A
Current Liabilities	$156.9M+124.8%	$69.8M-4.0%	$72.7M-32.7%	$107.9M+2.2%	$105.6M+13.7%	$92.9M	N/A	N/A
Long-Term Debt	$605.1M-4.1%	$630.9M-2.3%	$645.6M-3.5%	$668.8M-3.5%	$693.3M-6.2%	$739.0M+28.1%	$577.0M-30.9%	$834.5M
Total Equity	$573.1M+33.8%	$428.3M+4.4%	$410.4M-5.1%	$432.6M+6.0%	$408.1M-3.3%	$422.2M+17.8%	$358.3M-9.8%	$397.2M
Retained Earnings	$452.8M+8.2%	$418.4M+4.5%	$400.5M+7.4%	$372.8M+27.8%	$291.6M+99.2%	$146.4M	N/A	N/A

ECO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$111.3M-31.6%	$162.8M-6.4%	$174.0M+110.9%	$82.5M+188.6%	$28.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
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

ECO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
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	1.50-0.1	1.64+0.3	1.31-0.4	1.66	N/A
Debt-to-Equity	1.06-0.5	1.57-0.1	1.70-0.1	1.75+0.1	1.61
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
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	1.50-0.5	1.96+0.3	1.64+0.2	1.48+0.2	1.31-0.4	1.66	N/A	N/A
Debt-to-Equity	1.06-0.4	1.47-0.1	1.57+0.0	1.55-0.2	1.70-0.1	1.75+0.1	1.61-0.5	2.10
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 Okeanis Eco Tank's annual revenue?

Okeanis Eco Tank (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 Tank's revenue growing?

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

Is Okeanis Eco Tank profitable?

Yes, Okeanis Eco Tank (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 Tank have?

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

What is Okeanis Eco Tank's net profit margin?

Okeanis Eco Tank (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 Tank's return on equity (ROE)?

Okeanis Eco Tank (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 Tank's operating cash flow?

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

What are Okeanis Eco Tank's total assets?

Okeanis Eco Tank (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 Tank have outstanding?

Okeanis Eco Tank (eco) had 35M shares outstanding as of fiscal year 2025.

What is Okeanis Eco Tank's current ratio?

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

What is Okeanis Eco Tank's debt-to-equity ratio?

Okeanis Eco Tank (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 Tank's return on assets (ROA)?

Okeanis Eco Tank (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 Tank's Piotroski F-Score?

Okeanis Eco Tank (eco) has a Piotroski F-Score of 4 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 Okeanis Eco Tank's earnings high quality?

Okeanis Eco Tank (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.

How financially healthy is Okeanis Eco Tank?

Okeanis Eco Tank (eco) scores 34 out of 100 on our Financial Profile, indicating weak 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.