Nordic American Tankers (NAT) Gross Margin (2009 - 2026)
Nordic American Tankers' (NAT) quarterly Gross Margin came in at 62.65% in Q1 2026, up 3340.0% year-on-year from 1.82% in Q1 2025, and little changed quarter-over-quarter from 62.42% in Q4 2025.
Nordic American Tankers (NAT) Gross Margin (2009 - 2026) Analysis & Trends
Nordic American Tankers' Gross Margin history runs 18 years deep, the most recent figure standing at 62.65% for Q1 2026.
- On a quarterly basis, Gross Margin rose 3340.0% year-over-year to 62.65% in Q1 2026; TTM through Mar 2026 was 57.28%, a 54.0% decrease from a year earlier, with the FY2025 full-year figure at 39.8%, down 2456.0% from the prior year.
- Gross Margin held at 62.65% in Q1 2026 per NAT's latest filing, from 62.42% in the prior quarter.
- Across five years, Gross Margin topped out at 99.94% in Q4 2022 and bottomed at 36082485.43% in Q4 2023.
- The 5-year median for Gross Margin is 42.0% (2024), against an average of 2126189.14%.
- Across the five-year window, Gross Margin tumbled 2000000000 bps in 2023 and surged 2000000000 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 99.94% in 2022, then plunged by 36102445 bps to 36082485.43% in 2023, then jumped by 100 bps to 64.36% in 2024, then dropped by 3 bps to 62.42% in 2025, then grew by 0 bps to 62.65% in 2026.
- Per Business Quant, the three latest NAT Gross Margin figures stand at 62.65% (Q1 2026), 62.42% (Q4 2025), and 35.84% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Nordic American Tankers | 1.36 Bn | 1.28 Bn | 48.56 Mn | 62.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.65% |
| Dec 31, 2025 | 62.42% |
| Sep 30, 2025 | 35.84% |
| Jun 30, 2025 | 33.82% |
| Mar 31, 2025 | 29.25% |
| Dec 31, 2024 | 64.36% |
| Sep 30, 2024 | 42.00% |
| Jun 30, 2024 | 52.03% |
| Mar 31, 2024 | 42.69% |
| Dec 31, 2023 | -36,082,485.43% |
| Sep 30, 2023 | -63,215.01% |
| Jun 30, 2023 | 53.83% |
| Mar 31, 2023 | 60.57% |
| Dec 31, 2022 | 99.94% |
| Sep 30, 2022 | -21.35% |
| Jun 30, 2022 | -15.61% |
| Mar 31, 2022 | -117.34% |
| Dec 31, 2021 | -43.26% |
| Jun 30, 2021 | -112.86% |
| Mar 31, 2021 | 39.19% |