Overseas Shipholding Group, Inc. (OSG) Income Statement
OSG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOSG revenue and net income
Where OSG's revenue goes
2025Each bar shows an amount and its share of revenue. OSG kept −95.9% of revenue as net income.
OSG profit margins
OSG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.5% | +67.3% | +10.0% | −9.0% |
| Gross profit | +106.8% | +103.1% | — | −17.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −238.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OSG quarterly EPS vs estimates
Overseas Shipholding beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 9, 2026 (estimate $-0.06).
OSG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $251.2M | $235.8M | $124.7M | $53.6M | $247.0M | $156.0M | $496.0M | $508.0M | $616.0M | $501.9M |
| Cost of revenue | $47.2M | $137.2M | $76.7M | $29.2M | −$72.0M | $225.0M | $13.0M | −$223.0M | $513.0M | −$11.5M |
| Gross profit | $204.0M | $98.6M | $48.0M | $24.4M | $319.0M | −$69.0M | $483.0M | $731.0M | $103.0M | $513.4M |
| Sales, general & admin | $191.6M | $129.2M | $67.0M | $56.3M | $111.0M | $92.0M | $58.0M | $55.0M | $121.5M | $113.7M |
| Total operating expenses | $305.0M | $158.5M | $72.2M | $60.1M | $320.0M | $371.0M | $666.0M | $457.0M | $388.0M | $408.4M |
| Operating income | −$101.0M | −$59.8M | −$24.2M | −$35.7M | −$1.0M | −$440.0M | −$183.0M | $274.0M | −$285.0M | $105.0M |
| Interest income | $18.6M | $9.4M | $0 | $0 | — | — | — | — | — | — |
| Interest expense | $18.6M | $9.4M | $31.2M | $167.0M | $187.0M | $222.0M | $269.0M | $242.0M | $120.0M | $124.3M |
| Income before taxes | −$101.0M | −$59.8M | −$24.2M | −$35.7M | $2.0M | −$440.0M | −$183.0M | $273.0M | −$284.0M | $105.0M |
| Income taxes | −$5.2M | −$924,000 | −$989,000 | −$462,000 | $18.0M | −$3.0M | $32.0M | $5.0M | $44.0M | $30.7M |
| Net income | −$240.9M | −$556.4M | $3.6M | $521.2M | −$17.0M | −$437.0M | −$216.0M | $267.0M | −$329.0M | $74.8M |
| EBITDA | −$40.4M | −$30.5M | −$19.0M | −$31.9M | $246.0M | −$160.0M | $381.0M | $623.0M | −$12.0M | $405.2M |
| EPS (diluted) | −$0.58 | $0.42 | $2.09 | $12.13 | $0.66 | −$8.20 | $1.40 | $6.58 | −$3.65 | $8.50 |
| Gross margin | 81.2% | 41.8% | 38.5% | 45.4% | 129.1% | −44.2% | 97.4% | 143.9% | 16.7% | 102.3% |
| Operating margin | −40.2% | −25.4% | −19.4% | −66.6% | −0.4% | −282.1% | −36.9% | 53.9% | −46.3% | 20.9% |
| Net margin | −95.9% | −236.0% | 2.9% | 972.3% | −6.9% | −280.1% | −43.5% | 52.6% | −53.4% | 14.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.0M | $104.2M | $66.9M | $66.6M | $55.0M | $62.8M | $0 | $70.0M | $51.0M | $49.6M | $73.0M | $72.0M |
| Cost of revenue | $13.3M | $40.1M | −$28.6M | $29.0M | $22.1M | $24.7M | $40.2M | $35.9M | $36.3M | $33.6M | $31.0M | −$66.0M |
| Gross profit | $69.6M | $64.1M | $95.5M | $37.6M | $32.9M | $38.1M | −$125.4M | $34.1M | $14.7M | $15.9M | $42.0M | $138.0M |
| Sales, general & admin | $51.4M | $53.2M | $58.8M | $53.7M | $40.5M | $38.5M | $9.8M | $44.0M | $27.9M | $17.6M | $34.0M | $49.0M |
| Total operating expenses | $81.3M | $67.5M | $126.4M | $69.6M | $55.9M | $53.2M | −$64.5M | $54.8M | $29.5M | $19.2M | $58.0M | $72.0M |
| Operating income | −$11.7M | −$3.3M | −$30.9M | −$32.1M | −$23.0M | −$15.1M | −$60.8M | −$20.8M | −$14.7M | −$3.2M | −$16.0M | $66.0M |
| Interest income | — | — | $1.4M | $6.2M | $5.6M | $5.5M | — | — | — | — | — | — |
| Interest expense | $2.8M | $2.1M | $1.4M | $6.2M | $5.6M | $5.5M | $5.6M | $3.7M | — | $6.8M | $16.0M | $16.0M |
| Income before taxes | −$11.7M | −$3.3M | −$30.9M | −$32.1M | −$23.0M | −$15.1M | −$60.8M | −$20.8M | −$14.7M | −$3.2M | −$16.0M | $68.0M |
| Income taxes | $485,000 | −$481,000 | −$1.2M | −$1.2M | −$2.2M | −$617,000 | −$10.9M | −$867,000 | −$30,000 | $130,000 | $274,000 | $1.0M |
| Net income | −$14.4M | $7.6M | −$21.7M | −$112.6M | −$72.7M | −$46.4M | −$548.4M | −$27.5M | −$750,000 | $20.1M | −$16.0M | $66.0M |
| EBITDA | $3.4M | $11.0M | −$16.1M | −$16.1M | −$7.7M | −$477,000 | −$117.5M | −$9.9M | −$13.1M | −$1.6M | −$7.0M | $92.0M |
| EPS (diluted) | −$0.04 | $0.37 | −$0.02 | −$0.21 | −$0.22 | −$0.13 | −$0.12 | −$0.46 | $0.18 | $0.82 | $0.32 | $2.00 |
| Gross margin | 83.9% | 61.5% | 142.8% | 56.4% | 59.8% | 60.6% | — | 48.7% | 28.9% | 32.2% | 57.5% | 191.7% |
| Operating margin | −14.1% | −3.2% | −46.1% | −48.2% | −41.8% | −24.1% | — | −29.7% | −28.9% | −6.5% | −21.9% | 91.7% |
| Net margin | −17.4% | 7.3% | −32.4% | −169.1% | −132.3% | −73.9% | — | −39.3% | −1.5% | 40.5% | −21.9% | 91.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OSG's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OSG financial results
In fiscal year 2025 (ended December 31, 2025), Overseas Shipholding reported revenue of $251.2 million, up 6.5% from the year before. It had a net loss of $240.9 million, a net profit margin of −95.9%. Diluted earnings per share came to −$0.58. Over five years revenue grew at an average rate of 10.0% a year.
See the OSG stock overview for the latest quote and news, or the OSG chart for price history and technical indicators.
OSG income statement FAQ
What is Overseas Shipholding's annual revenue?
Overseas Shipholding reported total revenue of $251.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.5% from $235.8 million the previous year.
Is Overseas Shipholding profitable?
No. Overseas Shipholding reported a net loss of $240.9 million in fiscal 2025, a net profit margin of −95.9%; its operating margin was −40.2%.
What is Overseas Shipholding's gross margin?
Overseas Shipholding's gross margin was 81.2% in fiscal 2025: for every $100 of revenue, Overseas Shipholding kept $81 after the direct cost of its products and services.
How fast is Overseas Shipholding growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from $156.0 million to $251.2 million.
What are Overseas Shipholding's earnings per share?
Overseas Shipholding earned $-0.58 per diluted share in fiscal 2025, compared with $0.42 a year earlier.
When will Overseas Shipholding report its next earnings?
Overseas Shipholding is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Overseas Shipholding's fiscal year end?
Overseas Shipholding's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.