Tsakos Energy Navigation (TEN) Gross Margin (2009 - 2026)
Tsakos Energy Navigation (TEN) posted Gross Margin of 78.94% for Q1 2026, up 5.8% on a QoQ basis from 74.61% in Q4 2025, and up 412.0% year-over-year from 15.42% in Q1 2025.
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Tsakos Energy Navigation (TEN) Gross Margin (2009 - 2026) Analysis & Trends
Tsakos Energy Navigation has reported Gross Margin for 18 years, with the latest figure at 78.94% in Q1 2026.
- On a quarterly basis, Gross Margin rose 412.0% year-over-year to 78.94% in Q1 2026; TTM through Mar 2026 was 74.89%, a 22.0% decrease from a year earlier, with the FY2025 full-year figure at 73.59%, down 178.0% from the prior year.
- Gross Margin was 78.94% for Q1 2026 at Tsakos Energy Navigation, up from 74.61% in the prior quarter.
- The five-year high for Gross Margin was 81.52% in Q1 2023, with the low at 71.16% in Q1 2022.
- Average Gross Margin over 5 years is 76.11%, with a median of 75.88% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 1345 bps in 2022, then plunged 564 bps in 2024.
- Over 5 years, Gross Margin stood at 81.49% in 2022, then retreated by 5 bps to 77.61% in 2023, then slipped by 6 bps to 73.1% in 2024, then increased by 2 bps to 74.61% in 2025, then gained by 6 bps to 78.94% in 2026.
- The last three Gross Margin figures came in at 78.94% (Q1 2026), 74.61% (Q4 2025), and 71.93% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 84.14% |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 83.88% |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 98.37% |
| 10 | Tsakos Energy Navigation | 1.32 Bn | 1.32 Bn | 199.70 Mn | 78.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 78.94% |
| Dec 31, 2025 | 74.61% |
| Sep 30, 2025 | 71.93% |
| Jun 30, 2025 | 72.74% |
| Mar 31, 2025 | 74.83% |
| Dec 31, 2024 | 73.10% |
| Sep 30, 2024 | 75.48% |
| Jun 30, 2024 | 76.78% |
| Mar 31, 2024 | 75.88% |
| Dec 31, 2023 | 77.61% |
| Sep 30, 2023 | 72.85% |
| Jun 30, 2023 | 78.93% |
| Mar 31, 2023 | 81.52% |
| Dec 31, 2022 | 81.49% |
| Sep 30, 2022 | 77.46% |
| Jun 30, 2022 | 78.48% |
| Mar 31, 2022 | 71.16% |
| Dec 31, 2021 | 68.04% |
| Sep 30, 2021 | 68.72% |
| Jun 30, 2021 | 66.16% |