International Seaways (INSW) Operating Margin (2015 - 2026)
International Seaways (INSW) recorded Operating Margin of 64.49% in Q2 2026, up 29.03 percentage points from 35.46% a year earlier but down 24.17 percentage points from the prior quarter.
International Seaways (INSW) Operating Margin (2015 - 2026) Analysis & Trends
On a TTM basis, International Seaways' Operating Margin came in at 64.18% as of Jun 30, 2026, up 29.81 percentage points year-over-year; for FY2025, it was 40.96%, down 6.88 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +30.52 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 47.84% in FY2024 (-9.58 pp), 57.42% in FY2023 (+6.15 pp), 51.28% in FY2022 (+92.42 pp) and -41.14% in FY2021 (-51.58 pp).
- Quarterly Operating Margin has ranged from -74.07% in Q3 2021 to 88.66% in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +2.80 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 151.99 percentage points in Q4 2021, against a drop of 96.28 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 88.66% (Q1 2026), 51.58% (Q4 2025) and 40.07% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 40.25% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 38.27% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 35.35% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 4.07% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 32.44% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 6.20% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 9.43% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 29.94% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 13.12% |
| 10 | International Seaways | 5.36 Bn | 5.36 Bn | - | 64.49% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.49% |
| Mar 31, 2026 | 88.66% |
| Dec 31, 2025 | 51.58% |
| Sep 30, 2025 | 40.07% |
| Jun 30, 2025 | 35.46% |
| Mar 31, 2025 | 32.27% |
| Dec 31, 2024 | 23.14% |
| Sep 30, 2024 | 44.84% |
| Jun 30, 2024 | 60.13% |
| Mar 31, 2024 | 56.28% |
| Dec 31, 2023 | 58.75% |
| Sep 30, 2023 | 47.23% |
| Jun 30, 2023 | 57.73% |
| Mar 31, 2023 | 64.53% |
| Dec 31, 2022 | 68.84% |
| Sep 30, 2022 | 54.22% |
| Jun 30, 2022 | 46.43% |
| Mar 31, 2022 | -5.55% |
| Dec 31, 2021 | -21.18% |
| Sep 30, 2021 | -74.07% |
International Seaways Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=INSW&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "INSW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=INSW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();