Scorpio Tankers (STNG) financial statements
Scorpio Tankers reported revenue of $938M in fiscal 2025, up 6.7% a year over 9 years.
Net income was $344M and the operating margin 37.9%, against 14.7% in 2016.
Free cash flow was -$81M, and the company returned $83M in dividends and $309,000 in net buybacks.
The diluted share count rose 204% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Scorpio Tankers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $523M | $513M | $585M | $704M | $916M | $541M | $1.6B | $1.3B | $1.2B | $938M |
| Selling, general and admin | $55M | $48M | $52M | $62M | $66M | $53M | $88M | $106M | $121M | $123M |
| Operating income | $77M | -$45M | $11M | $130M | $245M | -$91M | $798M | $705M | $765M | $355M |
| Interest expense | $104M | $116M | $187M | $186M | $155M | $144M | $170M | $183M | $110M | $80M |
| Net income | -$25M | -$158M | -$190M | -$48M | $94M | -$234M | $637M | $547M | $669M | $344M |
| EPS (diluted) | -$1.55 | -$7.35 | -$5.46 | -$0.97 | $1.67 | -$4.28 | $10.34 | $10.03 | $13.15 | $7.03 |
| Diluted shares | 16M | 22M | 35M | 50M | 56M | 55M | 64M | 55M | 51M | 49M |
| Operating margin | 14.7% | -8.8% | 1.8% | 18.5% | 26.8% | -16.7% | 51.0% | 52.6% | 61.5% | 37.9% |
| Net margin | -4.8% | -30.9% | -32.5% | -6.9% | 10.3% | -43.4% | 40.8% | 40.8% | 53.8% | 36.7% |
Balance sheet
Fiscal years, from Scorpio Tankers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $100M | $186M | $594M | $202M | $188M | $230M | $377M | $356M | $333M | $752M |
| Receivables | $42M | $65M | $70M | $78M | $33M | $38M | $277M | $204M | $150M | $181M |
| Inventory | $6M | $10M | $8M | $9M | $9M | $9M | $16M | $8M | $10M | $12M |
| Total current assets | $158M | $279M | $687M | $303M | $242M | $289M | $687M | $577M | $576M | $1.1B |
| Property, plant and equipment | $2.9B | $4.1B | $4.0B | $4.0B | $4.0B | $3.8B | $3.1B | $3.6B | $3.2B | $2.7B |
| Goodwill | $0 | $11M | $12M | $12M | $9M | $9M | $8M | $8M | $8M | $8M |
| Total assets | $3.2B | $4.5B | $4.8B | $5.2B | $5.2B | $5.0B | $4.6B | $4.2B | $3.8B | $3.9B |
| Total current liabilities | $385M | $209M | $447M | $486M | $406M | $528M | $473M | $510M | $237M | $119M |
| Long-term debt | $1.5B | $1.9B | $1.2B | $999M | $971M | $666M | $264M | $939M | $666M | $600M |
| Total liabilities | $1.9B | $2.8B | $2.9B | $3.2B | $3.1B | $3.2B | $2.1B | $1.7B | $968M | $719M |
| Shareholders' equity | $1.3B | $1.7B | $1.8B | $2.0B | $2.1B | $1.8B | $2.5B | $2.6B | $2.9B | $3.2B |
| Net debt | $1.8B | $1.9B | $1.0B | $1.2B | $1.1B | $849M | $188M | $1.0B | $465M | -$133M |
Cash flow
Fiscal years, from Scorpio Tankers's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $179M | $42M | $58M | $210M | $419M | $73M | $769M | $865M | $825M | $491M |
| Capital spending | $127M | $258M | $26M | $3M | $0 | $0 | — | — | — | $573M |
| Free cash flow | $52M | -$217M | $32M | $207M | $419M | $73M | — | — | — | -$81M |
| Stock-based compensation | $30M | $22M | $26M | $27M | $29M | $23M | $20M | $47M | $63M | $72M |
| Dividends paid | $87M | $10M | $15M | $21M | $23M | $23M | $23M | $58M | $84M | $83M |
| Share buybacks (net) | -$17M | $0 | -$23M | -$1,000 | -$13M | $0 | -$161M | -$490M | -$336M | -$309,000 |
| Free cash flow margin | 9.9% | -42.2% | 5.4% | 29.3% | 45.8% | 13.6% | — | — | — | -8.7% |
| Dividends per share | $5.39 | $0.44 | $0.43 | $0.43 | $0.41 | $0.43 | $0.37 | $1.06 | $1.64 | $1.69 |
Questions
What was Scorpio Tankers's revenue in 2025?
$938M in fiscal 2025, from its 10-K filing.
How much free cash flow does Scorpio Tankers generate?
-$81M in fiscal 2025 (operating cash flow minus capital spending).
From Scorpio Tankers's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.