Nordic American Tankers NAT
NYSE NAT
$7.24 +0.13 (+1.83%)
At close: Sep 4, 2026 · 4:00 PM EDT

Nordic American Tankers (NAT) Cost of Revenue (2009 - 2026)

Nordic American Tankers (NAT) posted Cost of Revenue of $25.4 million for Q2 2026, down 12.3% on a QoQ basis from $28.9 million in Q1 2026, and down 4.47% year-over-year from $26.6 million in Q2 2025.

Analysis

Nordic American Tankers (NAT) Cost of Revenue (2009 - 2026) Analysis & Trends

Nordic American Tankers has reported Cost of Revenue for 17 years, with the latest figure at $25.4 million in Q2 2026.

  • On a quarterly basis, Cost of Revenue fell 4.47% year-over-year to $25.4 million in Q2 2026; TTM through Jun 2026 was $193.5 million, a 7.07% decrease from a year earlier, with the FY2025 full-year figure at $109.9 million, down 11.85% from the prior year.
  • Cost of Revenue was $25.4 million for Q2 2026 at Nordic American Tankers, down from $28.9 million in the prior quarter.
  • The five-year high for Cost of Revenue was $124.6 million in Q4 2024, with the low at $25.4 million in Q2 2026.
  • Average Cost of Revenue over 5 years is $42.7 million, with a median of $32.6 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2024: Cost of Revenue plunged 47.1% in 2023, then jumped 272.63% in 2024.
  • Over 5 years, Cost of Revenue stood at $39.1 million in 2022, then declined by 14.47% to $33.4 million in 2023, then surged by 272.63% to $124.6 million in 2024, then retreated by 11.85% to $109.9 million in 2025, then slumped by 76.9% to $25.4 million in 2026.
  • The last three Cost of Revenue figures came in at $25.4 million (Q2 2026), $28.9 million (Q1 2026), and $109.9 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Frontline 10.27 Bn 9.94 Bn - -
2 Kirby 7.43 Bn 7.39 Bn 290.80 Mn 631.60 Mn
3 Matson 6.74 Bn 6.62 Bn - -
4 International Seaways 5.17 Bn 5.17 Bn 467.16 Mn 129,000.00
5 Hafnia 4.59 Bn 4.31 Bn 372.91 Mn 132.75 Mn
6 Cmb.Tech 4.47 Bn 4.31 Bn 970.62 Mn 252.96 Mn
7 Scorpio Tankers 4.26 Bn 2.42 Bn 343.91 Mn 64.83 Mn
8 Star Bulk Carriers 3.68 Bn 3.11 Bn 299.80 Mn 57.61 Mn
9 Torm 3.56 Bn -626.52 Mn 652.00 Mn 10.80 Mn
10 Nordic American Tankers 1.53 Bn 1.40 Bn 53.91 Mn 25.39 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 25.39 Mn
Mar 31, 2026 28.95 Mn
Dec 31, 2025 109.88 Mn
Sep 30, 2025 29.31 Mn
Jun 30, 2025 26.58 Mn
Mar 31, 2025 26.85 Mn
Dec 31, 2024 124.65 Mn
Sep 30, 2024 30.18 Mn
Jun 30, 2024 31.71 Mn
Mar 31, 2024 34.72 Mn
Dec 31, 2023 33.45 Mn
Sep 30, 2023 30.41 Mn
Jun 30, 2023 31.30 Mn
Mar 31, 2023 34.34 Mn
Dec 31, 2022 39.11 Mn
Sep 30, 2022 57.50 Mn
Jun 30, 2022 40.17 Mn
Mar 31, 2022 33.73 Mn
Dec 31, 2021 32.41 Mn
Jun 30, 2021 35.65 Mn