Tsakos Energy Navigation (TEN) Gross Margin (2009 - 2026)
Tsakos Energy Navigation (TEN) posted quarterly Gross Margin of 78.94% for Q1 2026, up 412.0% year-on-year from 15.42% in Q1 2025, and up 5.8% on a QoQ basis from 74.61% in Q4 2025.
Tsakos Energy Navigation (TEN) Gross Margin (2009 - 2026) Analysis & Trends
Tsakos Energy Navigation (TEN) has reported Gross Margin for 18 consecutive years, with 78.94% the latest figure, recorded in Q1 2026.
- Quarterly Gross Margin rose 412.0% year-over-year to 78.94% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.89% (down 22.0% YoY) and the FY2025 annual result came in at 73.59%, down 178.0% from the prior year.
- Gross Margin advanced to 78.94% in Q1 2026 per TEN's latest filing, from 74.61% in the prior quarter.
- Over the last five years, Gross Margin for TEN reached as high as 81.52% in Q1 2023 and fell as low as 71.16% in Q1 2022.
- A 5-year average of 76.11% and a median of 75.88% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 1345 bps — and 2024, when it plunged 564 bps.
- Year by year, Gross Margin stood at 81.49% in 2022, then decreased by 5 bps to 77.61% in 2023, then dropped by 6 bps to 73.1% in 2024, then rose by 2 bps to 74.61% in 2025, then advanced by 6 bps to 78.94% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 78.94%, 74.61%, and 71.93% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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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 | Tsakos Energy Navigation | 1.18 Bn | 1.18 Bn | 199.70 Mn | 78.94% |
Historic Data
Download 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% |