Tsakos Energy Navigation (TEN) Operating Margin (2009 - 2025)
Tsakos Energy Navigation's quarterly Operating Margin came in at 36.56% in Q4 2025, up 1403.0% year-on-year from 2.43% in Q4 2024, and up 12.62% quarter-over-quarter from 32.46% in Q3 2025.
Tsakos Energy Navigation has reported Operating Margin for 17 years, with the latest figure at 36.56% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 1403.0% year-over-year to 36.56%; the trailing twelve-month figure through Dec 2025 stood at 31.59% (down 305.0% YoY), and the FY2025 full-year result was 31.59%, down 305.0% from the prior year.
- Operating Margin for Q4 2025 stood at 36.56%, up from 32.46% in the prior quarter.
- The five-year high for Operating Margin was 76.24% in Q1 2023, with the low at 66.74% in Q4 2021.
- Average Operating Margin over 5 years is 22.57%, with a median of 28.43% recorded in 2024.
- Year-over-year, Operating Margin tumbled 5144 bps in 2021 and jumped 11203 bps in 2022.
- Tracing TEN's Operating Margin over 5 years: stood at 66.74% in 2021, then surged by 168 bps to 45.3% in 2022, then slumped by 43 bps to 25.78% in 2023, then retreated by 13 bps to 22.53% in 2024, then jumped by 62 bps to 36.56% in 2025.
- The last three Operating Margin figures came in at 36.56% (Q4 2025), 32.46% (Q3 2025), and 25.89% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 92.35 Bn | 93.05 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 85.76 Bn | 84.61 Bn | - | 13.17% |
| 3 | Kinder Morgan | 75.18 Bn | 76.26 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 69.05 Bn | 68.33 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 59.45 Bn | 59.48 Bn | 1.70 Bn | 20.68% |
| 6 | Oneok | 58.54 Bn | 58.41 Bn | 2.57 Bn | 14.85% |
| 7 | Mplx | 57.32 Bn | 55.81 Bn | 2.54 Bn | 39.96% |
| 8 | Tc Energy | 52.88 Bn | 54.07 Bn | 2.95 Bn | 68.07% |
| 9 | Cheniere Energy | 50.70 Bn | 52.90 Bn | 5.86 Bn | -59.44% |
| 10 | Tsakos Energy Navigation | 189,614.50 | -295.07 Mn | 165.72 Mn | 36.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 36.56% |
| Sep 30, 2025 | 32.46% |
| Jun 30, 2025 | 25.89% |
| Mar 31, 2025 | 30.76% |
| Dec 31, 2024 | 22.53% |
| Sep 30, 2024 | 28.45% |
| Jun 30, 2024 | 48.10% |
| Mar 31, 2024 | 37.82% |
| Dec 31, 2023 | 25.78% |
| Sep 30, 2023 | 28.40% |
| Jun 30, 2023 | 37.28% |
| Mar 31, 2023 | 76.24% |
| Dec 31, 2022 | 45.30% |
| Sep 30, 2022 | 29.95% |
| Jun 30, 2022 | 26.47% |
| Mar 31, 2022 | 6.39% |
| Dec 31, 2021 | -66.74% |
| Sep 30, 2021 | -12.42% |
| Jun 30, 2021 | -9.45% |
| Mar 31, 2021 | 1.60% |
| Dec 31, 2020 | -15.30% |
| Sep 30, 2020 | 10.60% |
| Jun 30, 2020 | 24.60% |
| Mar 31, 2020 | 30.61% |
| Dec 31, 2019 | 15.61% |
| Sep 30, 2019 | 8.94% |
| Jun 30, 2019 | 13.19% |
| Mar 31, 2019 | 18.88% |
| Jun 30, 2018 | 3.11% |
| Mar 31, 2018 | 4.45% |
| Jun 30, 2017 | 14.61% |
| Mar 31, 2017 | 21.52% |
| Dec 31, 2016 | 16.65% |
| Sep 30, 2016 | 9.72% |
| Mar 31, 2016 | 27.14% |
| Dec 31, 2015 | 33.60% |
| Sep 30, 2015 | 31.85% |
| Mar 31, 2015 | 30.70% |
| Dec 31, 2014 | 21.27% |
| Sep 30, 2014 | 11.45% |
| Mar 31, 2014 | 18.80% |
| Dec 31, 2013 | -22.00% |
| Sep 30, 2013 | 8.98% |
| Mar 31, 2013 | 9.93% |
| Dec 31, 2012 | -10.59% |
| Sep 30, 2012 | 0.84% |
| Jun 30, 2012 | 10.19% |
| Mar 31, 2012 | 1.02% |
| Dec 31, 2011 | -41.96% |
| Sep 30, 2011 | -9.71% |
| Jun 30, 2011 | -1.64% |
| Mar 31, 2011 | 15.50% |
| Dec 31, 2010 | 9.43% |
| Sep 30, 2010 | 8.99% |
| Jun 30, 2010 | 26.68% |
| Mar 31, 2010 | 31.57% |
| Dec 31, 2009 | -8.40% |
| Sep 30, 2009 | 16.67% |
| Jun 30, 2009 | 21.10% |
| Mar 31, 2009 | 30.77% |