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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |