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Greek-run owner of modern, fuel-efficient VLCC and Suezmax crude tankers, listed in New York and Oslo.
Greek-run owner of modern, fuel-efficient VLCC and Suezmax crude tankers, listed in New York and Oslo.
Earns daily charter rates for hiring out its ships, largely in the spot market, so returns follow tanker rates closely. A young fleet burns less fuel, which helps costs and charterer appeal. It is controlled by the Greek Alafouzos shipping family.
In one line: A boutique eco-efficient crude tanker company.
Moat: narrow (cost advantage). Younger, fuel-efficient fleet lowers operating costs versus older-fleet competitors.
Headquarters: Athens, Greece · Founded: 2018 · Employees: 14
Size Okeanis Eco Tankers (ECO) is a United States Energy company (Marine Shipping) with a market value of $3.19B, the 1502nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $83.26 on 6 Nov 2026.
Performance Over six months the shares gained 48.1%, against +6.5% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 18 in its peer set.
Growth Revenue grew 105.2% over the last twelve months (peer median +23.2%); the operating margin is 62.3% (peer median 38.8%).
Valuation It trades at 3.9× forward earnings against a peer median of 5.5× (6th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.4 points above its cost of capital (6.2% WACC).
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $706M | $392M | $393M | $413M | $271M |
| Revenue growth | — | 0% | -5% | +52% | — |
| Gross profit | $465M | $183M | $182M | $221M | $123M |
| EBITDA | $486M | $204M | $204M | $242M | $148M |
| Net income | $402M | $123M | $109M | $145M | $84.6M |
| Free cash flow | $44.7M | $68.5M | $154M | $172M | -$99.0M |
| Capital expenditure | $319M | $43.6M | $11.2M | $3.31M | $180M |
| Total debt | $722M | $605M | $646M | $693M | $739M |
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 |
|---|---|---|---|---|---|---|
| Okeanis Eco Tankers ECO | $3.19B | +48% | +105% | 62% | 3.9× | -13.7% |
| DHT DHT | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% |
| Frontline FRO | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% |
| International Seaways INSW | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% |
| Teekay Tankers TNK | $2.97B | +3% | +19% | 39% | 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 | ECO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.8% | -17.8% | 2nd highest of 18 |
| 6-month return | +48.1% | +6.5% | highest of 18 |
| Distance from 52-week high | -18.8% | -22.0% | 3rd highest of 18 |
| Revenue growth (TTM) | +105.2% | +23.2% | highest of 18 |
| Operating margin | 62.3% | 38.8% | highest of 18 |
| Forward P/E | 3.9× | 5.5× | 6th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -13.7% | -6.3% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +6.7% | +12.4% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -20.4 pp | -19.7 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +19.4 pp | +6.3 pp | 2nd highest of 18 |
| EV / EBITDA | 7.6× | 6.6× | 5th most expensive of 17 |
| Net debt / EBITDA | 1.0× | 0.8× | 8th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Okeanis Eco Tankers ECO | United States | $3.19B | +48% | +105% | 62% | 3.9× | -13.7% | +6.7% |
| BW LPG BWLPG.OL | Norway | $3.31B | +7% | -9% | 15% | 4.5× | -7.1% | +37.2% |
| DHT DHT | United States | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% | -6.4% |
| Teekay Tankers TNK | United States | $2.97B | +3% | +19% | 39% | 3.5× | n/a | n/a |
| Tidewater TDW | United States | $3.49B | -14% | -1% | 18% | 13.3× | 1.2% | +27.8% |
| TORM TRMD-A.CO | Denmark | $3.87B | +8% | +41% | 41% | 3.5× | -17.3% | +12.7% |
| Scorpio Tankers STNG | United States | $4.13B | -4% | +39% | 49% | 5.6× | n/a | n/a |
| 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% |
| 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% |
| Teekay TK | United States | $1.11B | -10% | +16% | 48% | n/a | n/a | n/a |
| Frontline FRO | United States | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% | +10.3% |