Euronav NV Ordinary Shares (CMBT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.22	$0.35	+59.1%	—	$519.6M	—
Q4 25	$0.36	$0.16	-55.6%	—	$589M	—
Q3 25	$0.07	-$0.09	-228.6%	—	$454.2M	—
Q2 25	$0.26	-$0.24	-192.3%	—	—	—
Q1 25	$0.01	-$0.01	-200.0%	—	—	—
Q4 24	$0.17	$0.11	-35.3%	—	—	—
Q3 24	$0.18	$0.18	0.0%	—	—	—
Q2 24	$0.27	$0.95	+251.9%	—	—	—
Q1 24	$0.53	$0.44	-17.0%	—	—	—
Q4 23	$0.61	$0.44	-27.9%	—	—	—
Q3 23	$0.36	$0.43	+19.4%	—	—	—
Q2 23	$0.74	$0.8	+8.1%	—	$348.2M	—
Q1 23	$0.7	$0.76	+8.6%	—	$340M	—
Q4 22	$0.86	$0.85	-1.2%	—	$368.1M	—
Q3 22	$0.06	$0.08	+33.3%	—	$223.5M	—
Q2 22	-$0.08	-$0.07	+12.5%	—	$148.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.7	—	—	$1.7B	—
FY24	—	$4.44	—	—	$940.2M	—
FY23	—	$4.25	—	—	$1.2B	—
FY22	—	$1.01	—	—	$854.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$684.3M	$513.4M	$600M	$914.7M	$1.2B	$419.8M	$854.7M	$1.2B	$940.2M	$1.7B
YoY change	-19.2%	-25%	+16.9%	+52.4%	+32.3%	-65.3%	+103.6%	+44.5%	-23.9%	+77.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	684.3M	513.4M	600M	914.7M	1.2B	419.8M	854.7M	1.2B	940.2M	1.7B
Cost of revenue	465.2M	473.5M	629M	701.5M	671.5M	694.3M	619.6M	598.7M	543.9M	1.2B
Gross profit	219M	39.9M	-29M	213.2M	538.8M	-274.5M	235M	636.5M	396.4M	482.2M
Gross margin	32%	7.76%	-4.83%	23.3%	44.5%	-65.4%	27.5%	51.5%	42.2%	28.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	40.4M	42.3M	61.8M	41.6M	34.3M	29.3M	47.6M	59.2M	75.9M	139.8M
Operating expenses	32.8M	37.2M	57M	31.1M	23.8M	18.8M	32.2M	35.6M	24.9M	109.7M
Operating income	182M	-2.1M	-90.4M	180.8M	511.6M	-296.6M	198.5M	597.2M	369.3M	369.9M
Operating margin	26.6%	-0.41%	-15.1%	19.8%	42.3%	-70.7%	23.2%	48.4%	39.3%	22.2%
Non-operating income, net	24.8M	15.6M	35.2M	5.7M	33.8M	30.1M	93.1M	366.8M	642.6M	166M
Pretax income	163.4M	-30.1M	-125.9M	96.4M	475.2M	-339.2M	206.1M	864M	872.7M	149.3M
Income tax	-174K	-1.4M	238K	602K	1.9M	-427K	2.8M	6M	1.9M	10.2M
Net income	204M	1.4M	-110.1M	112.2M	473.2M	-338.8M	203.3M	858M	870.8M	139.1M
Net margin	29.8%	0.27%	-18.3%	12.3%	39.1%	-80.7%	23.8%	69.5%	92.6%	8.35%
EBITDA	405.4M	222.6M	177.5M	517.6M	836M	59M	439.8M	850.2M	542.9M	749.3M
EPS	1.29	0.01	-0.57	0.52	2.25	-1.68	1.01	4.25	4.44	0.7
Diluted EPS	1.29	0.01	-0.57	0.52	2.25	-1.68	1.01	4.25	4.44	0.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	454.2M	589M	519.6M	703.9M
Cost of revenue	148.2M	147.5M	127.9M	141.6M	133.4M	141M	163M	307.3M	338.6M	374.9M	340.5M	385.6M
Gross profit	—	—	—	—	—	—	—	—	115.6M	214M	179.1M	318.4M
Gross margin	—	—	—	—	—	—	—	—	25.4%	36.3%	34.5%	45.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	34.1M	49.3M	27.8M	30.8M
Operating expenses	—	—	—	—	—	—	—	—	26M	47.5M	7.5M	14M
Operating income	—	—	—	—	—	—	—	—	89.6M	164M	171.7M	304.3M
Operating margin	—	—	—	—	—	—	—	—	19.7%	27.9%	33%	43.2%
Non-operating income, net	—	—	—	—	—	—	—	—	39.7M	24.4M	280M	137.1M
Pretax income	—	—	—	—	—	—	—	—	18.2M	95.5M	370M	365.2M
Income tax	—	—	—	—	—	—	—	—	868K	6.5M	1.2M	807K
Net income	—	—	—	—	—	—	—	—	17.3M	89.1M	368.8M	364.4M
Net margin	—	—	—	—	—	—	—	—	3.81%	15.1%	71%	51.8%
EBITDA	—	—	—	—	—	—	—	—	198M	243.3M	195.9M	322.6M
EPS	—	—	2.46	—	—	—	0.23	0.04	—	0.31	1.27	—
Diluted EPS	—	—	2.46	—	—	—	0.23	0.04	—	0.31	1.27	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.3B	1.5B	—	—	1.7B	1.8B	3.4B	3.6B	1.9B	—	5.5B
Enterprise value	2.1B	2.2B	—	—	2.8B	3.4B	5B	4.1B	4.5B	—	10.8B
Shares outstanding	158.3M	158.2M	192M	216M	210.2M	201.7M	201.7M	201.9M	196M	229.4M	229.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	6.17	1.1K	—	—	3.55	—	16.9	4.14	2.24	—	6.42
P/S	1.84	2.85	—	—	1.39	4.27	4.02	2.88	2.07	—	2.43
P/B	0.67	0.79	—	—	0.73	0.91	1.58	1.51	1.63	—	1.77
EV/EBITDA	5.27	9.96	—	—	3.34	56.9	11.3	4.77	8.34	—	9.31
EV/Sales	3.12	4.32	—	—	2.31	7.99	5.8	3.28	4.82	—	4.77
Earnings yield	16.2%	0.09%	—	—	28.1%	—	5.91%	24.2%	44.7%	—	15.6%
FCF yield	7.59%	2.28%	—	—	44.3%	-24.5%	-8.28%	14%	-34%	—	-14.6%
PEG	—	—	—	—	—	—	—	—	—	—	12.3

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32%	7.76%	-4.83%	23.3%	44.5%	-65.4%	27.5%	51.5%	42.2%	28.9%	45.2%
Operating margin	26.6%	-0.41%	-15.1%	19.8%	42.3%	-70.7%	23.2%	48.4%	39.3%	22.2%	43.2%
Net margin	29.8%	0.27%	-18.3%	12.3%	39.1%	-80.7%	23.8%	69.5%	92.6%	8.35%	37.2%
ROE	10.8%	0.07%	-4.87%	4.85%	20.5%	-17.3%	9.35%	36.4%	73%	5.3%	29.6%
ROA	6.7%	0.05%	-2.67%	2.69%	12.8%	-8.99%	5.12%	25.1%	22.3%	1.66%	5.29%
ROIC	6.58%	-0.08%	-2.35%	4.78%	14.9%	-8.43%	5.31%	20.7%	9.76%	4.29%	8.58%
Return on tangible assets	6.7%	0.05%	-2.67%	2.69%	12.8%	-8.99%	5.16%	25.3%	22.5%	1.73%	9.95%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.97	1.77	1.82	2.54	2.22	1.43	2.39	3.84	1.2	0.86	1.12
Quick ratio	1.97	1.77	1.74	1.96	1.85	1.22	2.22	3.79	1.13	0.79	0.97
Debt / equity	0.57	0.49	0.78	0.75	0.55	0.87	0.78	0.39	2.2	2.12	1.75
Debt / assets	0.36	0.32	0.43	0.42	0.35	0.45	0.43	0.27	0.67	0.66	0.62
Net debt / EBITDA	2.17	3.39	8.99	2.8	1.33	26.5	3.45	0.59	4.76	7.21	5.51
Interest coverage	5.19	0.22	-0.85	2.08	8.43	-4.62	3.38	7.5	6.98	1.39	3.43
Effective tax rate	0%	0%	0%	0.62%	0.41%	0%	1.36%	0.7%	0.22%	6.82%	1.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.32	3.25	3.13	4.23	5.76	2.08	4.24	6.12	4.8	7.26	8.17
EPS (basic)	1.29	0.01	-0.57	0.52	2.25	-1.68	1.01	4.25	4.44	0.7	0.7
EPS (diluted)	1.29	0.01	-0.57	0.52	2.25	-1.68	1.01	4.25	4.44	0.7	2.96
Book value per share	11.9	11.7	11.8	10.7	11	9.72	10.8	11.7	6.08	11.4	10.8
FCF per share	0.6	0.21	-1.24	1.22	3.54	-2.17	-1.41	2.47	-3.38	-2.56	-2.79
Cash per share	1.31	0.91	0.9	1.37	0.77	0.76	0.89	2.13	0.2	0.64	0.55
Capex per share	0.76	0.51	1.1	0.36	0.7	1.77	0.83	4.3	3.06	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	17.5%	15.8%	35.2%	8.55%	12.2%	85.1%	19.5%	70.3%	63.7%	—	—
Capex / operating cash flow	22.9%	27%	234.4%	20.4%	14%	559%	36.5%	67.5%	49.1%	—	—
Payout ratio	106.3%	3.2K%	-20.6%	23.2%	74.4%	-7.15%	11.9%	73.5%	129.4%	14.5%	30.4%
Dividend yield	17.2%	3.02%	—	—	20.9%	1.35%	0.7%	17.8%	57.9%	—	13.4%

Yield

13.4%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.64

ex-dividend Jun 2, 2026

Payout ratio

30%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 2, 2026	$0.64
Apr 14, 2026	$0.16
Oct 1, 2025	$0.05
Jul 9, 2024	$1.15
May 22, 2024	$4.57
Dec 12, 2023	$0.57
Sep 6, 2023	$0.80
Jun 8, 2023	$0.70

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$454.2M	$589M	$519.6M	$703.9M
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	206.7M	143.6M	173.1M	297M	161.5M	152.5M	179.9M	429.4M	38.9M	146.5M
Receivables	38.7M	32.8M	226.7M	255.7M	169.9M	195.4M	300.9M	257.9M	174.4M	182.6M
Inventory	—	—	22.3M	183.4M	75.8M	69M	41.6M	22.5M	26.5M	77.2M
Total current assets	373.4M	280.6M	521.1M	802.2M	451.9M	459.4M	607.1M	1.6B	470.8M	912.6M
Property, plant & equipment	2.5B	2.3B	3.5B	3.2B	3.1B	3.2B	3.3B	1.8B	3.3B	7.1B
Goodwill & intangibles	312K	144K	210K	78K	161K	186K	31.5M	28.4M	32.4M	379.5M
Total assets	3B	2.8B	4.1B	4.2B	3.7B	3.8B	4B	3.4B	3.9B	8.4B
Accounts payable	18.1M	19.3M	16.3M	22.7M	27.2M	26M	24.7M	42M	22.3M	79.9M
Short-term debt	119.1M	97.4M	198.9M	221.2M	117.6M	236.5M	157.6M	295.6M	303.7M	830M
Total current liabilities	189.1M	158.7M	287.1M	316.1M	203.6M	321M	254.3M	424.8M	392.7M	1.1B
Long-term debt	966.4M	801.3M	1.6B	1.5B	1.2B	1.5B	1.5B	635.1M	2.3B	4.7B
Total liabilities	1.2B	964.6M	1.9B	1.9B	1.4B	1.8B	1.8B	1.1B	2.7B	5.8B
Shareholders' equity	1.9B	1.8B	2.3B	2.3B	2.3B	2B	2.2B	2.4B	1.2B	2.6B
Total debt	1.1B	898.7M	1.8B	1.7B	1.3B	1.7B	1.7B	930.7M	2.6B	5.5B
Net debt	878.9M	755.1M	1.6B	1.4B	1.1B	1.6B	1.5B	501.3M	2.6B	5.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	81.9M	146.5M	202.9M	159.8M
Receivables	385.7M	257.9M	302.5M	225M	276.3M	174.4M	399.3M	216M	332.2M	182.6M	350.5M	415.7M
Inventory	—	—	—	—	—	—	—	—	94.9M	77.2M	82.8M	120.7M
Total current assets	—	—	—	—	—	—	—	—	597.2M	912.6M	777.1M	919M
Property, plant & equipment	—	—	—	—	—	—	—	—	7.4B	7.1B	7.2B	7.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	383.3M	379.5M	409.3M	386.2M
Total assets	—	—	—	—	—	—	—	—	8.4B	8.4B	8.5B	8.8B
Accounts payable	—	—	—	—	—	—	—	—	193M	79.9M	258M	235.1M
Short-term debt	—	—	—	—	—	—	—	—	622.6M	830M	553.8M	581.3M
Total current liabilities	—	—	—	—	—	—	—	—	822.9M	1.1B	821.2M	819.2M
Long-term debt	—	—	—	—	—	—	—	—	5B	4.7B	4.7B	4.9B
Total liabilities	—	—	—	—	—	—	—	—	5.8B	5.8B	5.5B	5.7B
Shareholders' equity	—	—	—	—	—	—	—	—	2.5B	2.6B	2.9B	3.1B
Total debt	—	—	—	—	—	—	—	—	5.6B	5.5B	5.2B	5.5B
Net debt	—	—	—	—	—	—	—	—	5.5B	5.4B	5B	5.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	204M	1.4M	-110.1M	112.2M	473.2M	-338.8M	203.3M	858M	870.8M	139.1M
Depreciation & amortization	227.8M	229.9M	270.7M	337.7M	319.8M	345M	222.6M	221M	166M	388M
Stock-based compensation	406K	313K	37K	0	0	—	—	—	—	—
Change in working capital	46.4M	27.8M	-121.1M	-165.8M	188.9M	-22.5M	-77.8M	96.3M	50.6M	75.6M
Operating cash flow	523.2M	300.4M	90.2M	384M	1.1B	63.9M	456.8M	1.3B	1.2B	443.5M
Capital expenditure	-119.7M	-81M	-211.3M	78.2M	-147.1M	-357.4M	-166.9M	868M	598.9M	—
Investing cash flow	-100.6M	-40.3M	190M	43.7M	-116.9M	-353.1M	-142.3M	869.7M	-680.7M	-1.1B
Dividends paid	-216.8M	-44.1M	-22.6M	-26M	-352M	-24.2M	-24.2M	-630.5M	-1.1B	-20.2M
Share repurchases	-6.2M	0	-1.7M	-31M	-118.5M	—	—	—	—	0
Financing cash flow	-261.2M	-235M	-160.2M	-191.2M	-1.4B	70.5M	-343.3M	-1.9B	-403.2M	1.1B
Net change in cash	161.5M	25.2M	120M	236.5M	-422M	-218.7M	-28.8M	236.7M	136.1M	398.9M
Free cash flow	95.5M	33.4M	-237.2M	263.9M	744.4M	-438.6M	-284.7M	498.7M	-662.4M	-587.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	114.6M	406.6M	495.2M	184.4M	98.1M	93.1M	40.4M	—	17.3M	89.1M	—	—
Depreciation & amortization	59.7M	49.4M	40.2M	41.6M	40.2M	43.9M	55.7M	108.7M	109.1M	114.5M	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3.6M	100.1M	10.8M	12M	-2.7M	30.5M	-7.1M	-763K	-10.6M	74.4M	—	—
Operating cash flow	204.3M	575M	561.6M	273.1M	174.4M	211M	151.3M	41.8M	138.5M	227.6M	167.4M	249.9M
Capital expenditure	-4.1M	1B	1.1B	-74.4M	-156.4M	-308.8M	-97.4M	—	—	—	—	—
Investing cash flow	-3.7M	1B	-9.9M	1.1B	-156.9M	-439.6M	-1.2B	-484K	-395K	-1.3M	—	—
Dividends paid	-162.9M	-121M	-15.8M	-887.6M	-205.8M	-17.5M	-430K	—	-131K	-14.6M	—	—
Share repurchases	—	—	—	—	—	—	0	—	—	—	—	—
Financing cash flow	-264M	-1.2B	-252.1M	-57.8M	-324.9M	231.5M	1.3B	537.9M	-98.1M	-128M	—	—
Net change in cash	-63.4M	462M	299.6M	1.3B	-307.3M	2.8M	170.2M	579.3M	40M	98.3M	167.4M	249.9M
Free cash flow	90.9M	187.9M	86.1M	-267.3M	-162M	-319.1M	-192.2M	—	-138.7M	22.8M	167.4M	249.9M

Euronav NV Ordinary Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement