Nordic American Tankers Limited

NATNYSEIndustrials● Active

$5.31

$-0.08(-1.58%)

Market Cap$1.1B

P/E Ratio—

52W High$6.34

52W Low$2.6

Avg Volume4.5M

Open$5.45

Beta-0.54

Overview

Nordic American Tankers Limited (NAT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NAT · free cash flow · updated Jun 8, 2026

Core FCF metrics

NAT · FCF · TTM · margin & CAGR

Free cash flow was −$116.6M for FY2025 (fiscal year ending 2025-12-31), down 192.9% year-over-year The FCF margin was -39.9%.

FY2025 Free Cash Flow−$116.6M▼ -192.9% YoY

Trailing 12M (TTM)−$85.7Mtrailing 4 quarters sum

FCF Margin-39.9%−$116.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NAT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$19.8M(136M)−$116.6M▼ 192.9%-39.9%

FY2024$128.2M(3M)$125.5M▲ +90.9%35.9%

FY2023$139.4M(74M)$65.8M▲ +192.3%16.8%

FY2022$24.1M(95M)−$71.3M▼ 14.6%-21.0%

FY2021−$44.5M(18M)−$62.2M▼ 167.0%-31.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NAT · P/FCF · FCF yield · FCF per share

Nordic American Tankers Limited (NAT) reported negative free cash flow of −$0.12B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NAT · cash flow statement · operating / investing / financing

For FY2025, Nordic American Tankers Limited generated $19.8M in operating cash flow and spent 136M in capital expenditures, yielding −$116.6M in free cash flow.

Operating Activities

+$19.8M

Cash from core business operations

2025-12-31

Investing Activities

−$89.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$71.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($19.8M) − |CapEx| (136M) = FCF (−$116.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

NAT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Nordic American Tankers LimitedYOU

NAT

−$116.6M-192.9%-39.9%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Nordic American Tankers Limited (NAT) reported free cash flow of −$116.6M for FY2025 (fiscal year ending 2025-12-31), down 192.9% year-over-year. The FCF margin was -39.9%.

Based on available data, Nordic American Tankers Limited has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $125.5M in FY2024.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NAT free cash flow · 8 questions

Nordic American Tankers Limited free cash flow was −$116.6M for FY2025, down 192.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$85.7M.

NAT free cash flowNAT FCFNAT FCF 2025NAT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Nordic American Tankers Limited · Nordic American Tankers Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026