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Greek owner and operator of a diversified fleet of crude, product tankers and LNG carriers.
Greek owner and operator of a diversified fleet of crude, product tankers and LNG carriers.
Charters ships to oil majors and trading houses under a mix of long-term contracts and spot trips, with long charters providing steady income and LNG carriers usually fixed on long charters. The Tsakos family is the controlling shareholder.
In one line: A diversified Greek tanker/LNG shipping company.
Moat: narrow (scale). Diversified vessel classes and long charterer relationships built over decades of Greek shipping heritage.
Headquarters: Athens, Greece · Founded: 1993
Size Tsakos Energy Navigation (TEN) is a United States Energy company (Marine Shipping) with a market value of $1.32B, the 2072nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $44.86 on 6 Nov 2026.
Performance Over six months the shares gained 2.4%, against +6.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 18 in its peer set.
Growth Revenue grew 23.2% over the last twelve months (peer median +21.1%); the operating margin is 38.3% (peer median 38.8%).
Valuation It trades at 3.5× forward earnings against a peer median of 5.5× (2nd cheapest of 17).
Capital Return on invested capital runs 2.1 points above its cost of capital (5.8% WACC).
Short interest Short interest is 2.0% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $960M | $799M | $804M | $890M | $860M |
| Revenue growth | — | -1% | -10% | +3% | — |
| Gross profit | $414M | $283M | $275M | $371M | $286M |
| EBITDA | $545M | $411M | $389M | $482M | $397M |
| Net income | $323M | $159M | $175M | $300M | $204M |
| Free cash flow | n/a | -$226M | -$347M | $92.9M | -$51.1M |
| Capital expenditure | $0 | $522M | $650M | $298M | $333M |
| Total debt | $2.10B | $1.93B | $1.76B | $1.60B | $1.67B |
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 |
|---|---|---|---|---|---|---|
| Tsakos Energy Navigation TEN | $1.32B | +2% | +23% | 38% | 3.5× | n/a |
| DHT DHT | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% |
| Teekay Tankers TNK | $2.97B | +3% | +19% | 39% | 3.5× | n/a |
| Frontline FRO | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% |
| Scorpio Tankers STNG | $4.13B | -4% | +39% | 49% | 5.6× | 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 | TEN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.4% | -17.7% | 5th highest of 18 |
| 6-month return | +2.4% | +6.5% | 8th lowest of 18 |
| Distance from 52-week high | -20.9% | -21.6% | 8th highest of 18 |
| Revenue growth (TTM) | +23.2% | +21.1% | 9th highest of 18 |
| Operating margin | 38.3% | 38.8% | 9th lowest of 18 |
| Forward P/E | 3.5× | 5.5× | 2nd cheapest of 17 |
| ROIC minus cost of capital | +2.1 pp | +6.3 pp | 5th lowest of 18 |
| EV / EBITDA | 5.4× | 6.6× | 6th cheapest of 17 |
| Net debt / EBITDA | 3.0× | 0.8× | 4th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tsakos Energy Navigation TEN | United States | $1.32B | +2% | +23% | 38% | 3.5× | n/a | n/a |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| 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 |
| SFL SFL | United States | $1.65B | -9% | -4% | 28% | 11.2× | 5.2% | +9.2% |
| Dorian LPG LPG | United States | $1.99B | +16% | +81% | 52% | 5.4× | -6.7% | +8.8% |
| Ardmore Shipping ASC | United States | $712M | -11% | +21% | 29% | 4.1× | -14.9% | +7.1% |
| Teekay Tankers TNK | United States | $2.97B | +3% | +19% | 39% | 3.5× | n/a | n/a |
| 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% |
| 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% |