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Belgian marine group (formerly Euronav) combining crude oil tankers with newer green-shipping and offshore-wind vessel operations.
Belgian marine group (formerly Euronav) combining crude oil tankers with newer green-shipping and offshore-wind vessel operations.
Charters out ships either on the spot market, where it takes the price risk, or on fixed charters that pay a steady daily rate, so tanker rates swing profit. The Saverys family's Compagnie Maritime Belge group took control of Euronav and combined it with its own fleet, creating CMB.TECH.
Moat: none (scale). Commodity tanker/shipping economics; diversification into green vessels is early-stage.
Headquarters: Antwerp, Belgium · Founded: 1989 · Employees: 2,500
Size Cmb.tech (CMBT) is a United States Energy company (Marine Shipping) with a market value of $4.83B, the 1209th largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.63 on 6 Nov 2026.
Performance Over six months the shares gained 12.1%, against +6.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 17 in its peer set.
Growth Revenue grew 92.5% over the last twelve months (peer median +26.2%); the operating margin is 30.1% (peer median 39.9%).
Valuation It trades at 7.2× forward earnings against a peer median of 4.9× (6th most expensive of 17).
Capital Return on invested capital runs 0.4 points above its cost of capital (5.9% WACC).
Short interest Short interest is 0.8% of the free float (15 Oct 2026).
Next results Next results expected around 26 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.22B | $1.73B | $900M | $1.26B | $870M |
| Revenue growth | — | +93% | -29% | +45% | — |
| Gross profit | $811M | $502M | $379M | $650M | $239M |
| EBITDA | $1.10B | $758M | $464M | $812M | $413M |
| Net income | $825M | $167M | $833M | $876M | $207M |
| Free cash flow | n/a | -$600M | -$632M | $509M | -$273M |
| Capital expenditure | n/a | $1.07B | $1.07B | $346M | $550M |
| Total debt | $5.45B | $5.55B | $2.62B | $930M | $1.70B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cmb.tech CMBT | $4.83B | +12% | +92% | 30% | 7.2× | n/a |
| Frontline FRO | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% |
| International Seaways INSW | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% |
| DHT DHT | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% |
| Okea OKEA.OL | $513M | +19% | +2% | 36% | 4.8× | n/a |
| Teekay Tankers TNK | $2.97B | +3% | +19% | 39% | 3.5× | n/a |
| Nordic American Tankers NAT | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% |
| Tsakos Energy Navigation TEN | $1.32B | +2% | +23% | 38% | 3.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CMBT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.1% | -17.6% | 2nd lowest of 17 |
| 6-month return | +12.1% | +6.7% | 5th highest of 17 |
| Distance from 52-week high | -21.5% | -22.1% | 7th highest of 17 |
| Revenue growth (TTM) | +92.5% | +26.2% | 2nd highest of 17 |
| Operating margin | 30.1% | 39.9% | 7th lowest of 17 |
| Forward P/E | 7.2× | 4.9× | 6th most expensive of 17 |
| ROIC minus cost of capital | +0.4 pp | +7.0 pp | 3rd lowest of 17 |
| EV / EBITDA | 9.2× | 6.6× | 3rd most expensive of 17 |
| Net debt / EBITDA | 4.8× | 0.8× | 3rd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cmb.tech CMBT | United States | $4.83B | +12% | +92% | 30% | 7.2× | n/a | n/a |
| Hafnia HAFNI.OL | Norway | $4.98B | +7% | +3% | 20% | 5.7× | -5.9% | +23.6% |
| International Seaways INSW | United States | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% | +14.9% |
| Scorpio Tankers STNG | United States | $4.13B | -4% | +39% | 49% | 5.6× | n/a | n/a |
| TORM TRMD-A.CO | Denmark | $3.87B | +8% | +41% | 41% | 3.5× | -17.3% | +12.7% |
| Tidewater TDW | United States | $3.49B | -14% | -1% | 18% | 13.3× | 1.2% | +27.8% |
| DHT DHT | United States | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% | -6.4% |
| BW LPG BWLPG.OL | Norway | $3.31B | +7% | -9% | 15% | 4.5× | -7.1% | +37.2% |
| Okeanis Eco Tankers ECO | United States | $3.19B | +48% | +105% | 62% | 3.9× | -13.7% | +6.7% |
| Teekay Tankers TNK | United States | $2.97B | +3% | +19% | 39% | 3.5× | n/a | n/a |
| Frontline FRO | United States | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% | +10.3% |
| Dorian LPG LPG | United States | $1.99B | +16% | +81% | 52% | 5.4× | -6.7% | +8.8% |
| SFL SFL | United States | $1.65B | -9% | -4% | 28% | 11.2× | 5.2% | +9.2% |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Tsakos Energy Navigation TEN | United States | $1.32B | +2% | +23% | 38% | 3.5× | n/a | n/a |
| Navigator NVGS | United States | $1.21B | -14% | +7% | 25% | 11.0× | -2.2% | +12.0% |