Tsakos Gross Profit from 2010 to 2024

TEN Stock

USD 16.14 0.08 0.49%

Tsakos Energy Gross Profit yearly trend continues to be very stable with very little volatility. Gross Profit is likely to grow to about 388.5 M this year. Gross Profit is the profit Tsakos Energy Navigation makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2000-12-31

Previous Quarter

78.4 M

Current Value

200.2 M

Quarterly Volatility

34 M

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Tsakos Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tsakos Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 96.6 M, Total Revenue of 487 M or Gross Profit of 388.5 M, as well as many indicators such as Price To Sales Ratio of 1.26, Dividend Yield of 0.0783 or PTB Ratio of 0.68. Tsakos financial statements analysis is a perfect complement when working with Tsakos Energy Valuation or Volatility modules.

Check out the analysis of Tsakos Energy Correlation against competitors.

Latest Tsakos Energy's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Tsakos Energy Navigation over the last few years. Gross profit is a required income statement account that reflects total revenue of Tsakos Energy Navigation minus its cost of goods sold. It is profit before Tsakos Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Tsakos Energy's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tsakos Energy's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 427.47 M

10 Years Trend

Slightly volatile

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Gross Profit

Timeline

Tsakos Gross Profit Regression Statistics

	Arithmetic Mean	152,656,157
	Geometric Mean	99,461,259
	Coefficient Of Variation	75.02
	Mean Deviation	86,750,742
	Median	120,405,000
	Standard Deviation	114,515,527
	Sample Variance	13113.8T
	Range	387.1M
	R-Value	0.63
	Mean Square Error	8603T
	R-Squared	0.39
	Significance	0.01
	Slope	16,008,312
	Total Sum of Squares	183593.3T

Tsakos Gross Profit History

	2024	388.5 M
	2023	370 M
	2022	286.6 M
	2021	1.5 M
	2020	161 M
	2019	141.2 M
	2018	65.2 M

Other Fundumenentals of Tsakos Energy Navigation

Gross Profit Margin

Tsakos Energy Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Total Current Assets	Retained Earnings	Accounts Payable	Long Term Debt	Total Liab	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Receivables	Short Term Investments	Short Term Debt	Treasury Stock	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Good Will	Intangible Assets
Total Assets		0.97	0.93	0.81	0.59	0.58	0.93	0.97	0.57	0.99	0.34	0.6	-0.57	0.78	0.29	0.67	0.49	-0.06	-0.69	0.47	0.56	0.24	-0.13	0.22	0.27	0.01	-0.13
Total Stockholder Equity	0.97		0.82	0.85	0.53	0.53	0.84	0.89	0.62	0.96	0.39	0.67	-0.56	0.78	0.36	0.78	0.55	-0.08	-0.79	0.52	0.65	0.32	-0.14	0.29	0.31	-0.03	-0.17
Net Debt	0.93	0.82		0.59	0.62	0.61	0.96	0.98	0.38	0.93	0.15	0.38	-0.51	0.71	0.12	0.38	0.28	-0.05	-0.46	0.28	0.31	0.0	-0.07	0.01	0.07	0.1	0.02
Total Current Assets	0.81	0.85	0.59		0.54	0.25	0.68	0.71	0.67	0.75	0.6	0.71	-0.58	0.77	0.18	0.78	0.49	0.0	-0.63	0.55	0.59	0.62	-0.09	0.53	0.51	-0.16	-0.33
Retained Earnings	0.59	0.53	0.62	0.54		-0.03	0.59	0.65	0.17	0.62	0.22	-0.1	-0.21	0.59	-0.34	0.29	-0.21	0.45	-0.12	0.25	-0.07	0.26	0.29	0.15	-0.15	-0.15	0.04
Accounts Payable	0.58	0.53	0.61	0.25	-0.03		0.56	0.59	0.46	0.56	0.19	0.4	-0.5	0.38	0.32	0.27	0.51	-0.14	-0.47	0.17	0.42	-0.2	-0.44	-0.14	0.33	0.04	-0.23
Long Term Debt	0.93	0.84	0.96	0.68	0.59	0.56		0.98	0.48	0.93	0.32	0.47	-0.52	0.66	0.24	0.49	0.42	-0.03	-0.49	0.46	0.43	0.22	-0.11	0.2	0.23	0.01	-0.1
Total Liab	0.97	0.89	0.98	0.71	0.65	0.59	0.98		0.5	0.96	0.29	0.47	-0.54	0.75	0.18	0.51	0.38	-0.01	-0.55	0.4	0.42	0.15	-0.11	0.14	0.19	0.01	-0.09
Common Stock	0.57	0.62	0.38	0.67	0.17	0.46	0.48	0.5		0.55	0.88	0.64	-0.55	0.4	0.46	0.79	0.76	0.2	-0.71	0.68	0.8	0.52	-0.71	0.74	0.85	-0.69	-0.86
Property Plant Equipment	0.99	0.96	0.93	0.75	0.62	0.56	0.93	0.96	0.55		0.33	0.51	-0.54	0.72	0.29	0.64	0.48	-0.04	-0.65	0.48	0.54	0.23	-0.12	0.2	0.23	-0.02	-0.13
Current Deferred Revenue	0.34	0.39	0.15	0.6	0.22	0.19	0.32	0.29	0.88	0.33		0.4	-0.37	0.2	0.34	0.67	0.58	0.34	-0.42	0.69	0.62	0.7	-0.55	0.85	0.82	-0.79	-0.86
Net Receivables	0.6	0.67	0.38	0.71	-0.1	0.4	0.47	0.47	0.64	0.51	0.4		-0.47	0.52	0.53	0.7	0.69	-0.37	-0.76	0.45	0.72	0.39	-0.32	0.43	0.62	0.0	-0.33
Short Term Investments	-0.57	-0.56	-0.51	-0.58	-0.21	-0.5	-0.52	-0.54	-0.55	-0.54	-0.37	-0.47		-0.45	0.04	-0.31	-0.4	0.2	0.35	-0.05	-0.44	-0.14	0.43	-0.3	-0.4	0.19	0.33
Short Term Debt	0.78	0.78	0.71	0.77	0.59	0.38	0.66	0.75	0.4	0.72	0.2	0.52	-0.45		-0.03	0.5	0.17	-0.09	-0.62	0.13	0.25	0.07	-0.01	0.0	0.11	0.1	0.02
Treasury Stock	0.29	0.36	0.12	0.18	-0.34	0.32	0.24	0.18	0.46	0.29	0.34	0.53	0.04	-0.03		0.6	0.75	-0.25	-0.56	0.54	0.79	0.17	-0.51	0.35	0.45	-0.19	-0.35
Net Tangible Assets	0.67	0.78	0.38	0.78	0.29	0.27	0.49	0.51	0.79	0.64	0.67	0.7	-0.31	0.5	0.6		0.69	0.18	-0.84	0.8	0.85	0.58	-0.36	0.66	0.58	-0.42	-0.53
Deferred Long Term Liab	0.49	0.55	0.28	0.49	-0.21	0.51	0.42	0.38	0.76	0.48	0.58	0.69	-0.4	0.17	0.75	0.69		-0.14	-0.64	0.67	0.92	0.45	-0.62	0.52	0.79	-0.32	-0.63
Long Term Investments	-0.06	-0.08	-0.05	0.0	0.45	-0.14	-0.03	-0.01	0.2	-0.04	0.34	-0.37	0.2	-0.09	-0.25	0.18	-0.14		0.11	0.46	-0.05	0.32	-0.03	0.36	0.1	-0.59	-0.38
Short Long Term Debt	-0.69	-0.79	-0.46	-0.63	-0.12	-0.47	-0.49	-0.55	-0.71	-0.65	-0.42	-0.76	0.35	-0.62	-0.56	-0.84	-0.64	0.11		-0.49	-0.74	-0.18	0.44	-0.34	-0.41	0.22	0.35
Long Term Debt Total	0.47	0.52	0.28	0.55	0.25	0.17	0.46	0.4	0.68	0.48	0.69	0.45	-0.05	0.13	0.54	0.8	0.67	0.46	-0.49		0.7	0.78	-0.23	0.75	0.65	-0.47	-0.6
Capital Surpluse	0.56	0.65	0.31	0.59	-0.07	0.42	0.43	0.42	0.8	0.54	0.62	0.72	-0.44	0.25	0.79	0.85	0.92	-0.05	-0.74	0.7		0.45	-0.64	0.63	0.71	-0.42	-0.63
Cash And Equivalents	0.24	0.32	0.0	0.62	0.26	-0.2	0.22	0.15	0.52	0.23	0.7	0.39	-0.14	0.07	0.17	0.58	0.45	0.32	-0.18	0.78	0.45		0.04	0.81	0.65	-0.39	-0.53
Net Invested Capital	-0.13	-0.14	-0.07	-0.09	0.29	-0.44	-0.11	-0.11	-0.71	-0.12	-0.55	-0.32	0.43	-0.01	-0.51	-0.36	-0.62	-0.03	0.44	-0.23	-0.64	0.04		-0.43	-0.61	0.69	0.75
Net Working Capital	0.22	0.29	0.01	0.53	0.15	-0.14	0.2	0.14	0.74	0.2	0.85	0.43	-0.3	0.0	0.35	0.66	0.52	0.36	-0.34	0.75	0.63	0.81	-0.43		0.73	-0.75	-0.77
Capital Stock	0.27	0.31	0.07	0.51	-0.15	0.33	0.23	0.19	0.85	0.23	0.82	0.62	-0.4	0.11	0.45	0.58	0.79	0.1	-0.41	0.65	0.71	0.65	-0.61	0.73		-0.56	-0.89
Good Will	0.01	-0.03	0.1	-0.16	-0.15	0.04	0.01	0.01	-0.69	-0.02	-0.79	0.0	0.19	0.1	-0.19	-0.42	-0.32	-0.59	0.22	-0.47	-0.42	-0.39	0.69	-0.75	-0.56		0.86
Intangible Assets	-0.13	-0.17	0.02	-0.33	0.04	-0.23	-0.1	-0.09	-0.86	-0.13	-0.86	-0.33	0.33	0.02	-0.35	-0.53	-0.63	-0.38	0.35	-0.6	-0.63	-0.53	0.75	-0.77	-0.89	0.86

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About Tsakos Energy Financial Statements

Tsakos Energy investors utilize fundamental indicators, such as Gross Profit, to predict how Tsakos Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	370 M	388.5 M
Gross Profit Margin	0.42	0.47

Pair Trading with Tsakos Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tsakos Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tsakos Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tsakos Stock

0.92

Teekay

Pair Corr

Moving against Tsakos Stock

0.91	EE	Excelerate Energy	Pair Corr
0.89	ET	Energy Transfer LP	Pair Corr
0.87	DTM	DT Midstream	Pair Corr
0.82	DLNG	Dynagas LNG Partners	Pair Corr
0.81	IMPPP	Imperial Petroleum	Pair Corr

The ability to find closely correlated positions to Tsakos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsakos Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tsakos Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tsakos Energy Navigation to buy it.

The correlation of Tsakos Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tsakos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsakos Energy Navigation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tsakos Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Tsakos Energy Navigation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tsakos Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tsakos Energy Navigation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tsakos Energy Navigation Stock:

How To Invest In Tsakos

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Is Tsakos Stock a good investment?

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What is Tsakos Energy's Net Worth?

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Largest Oil & Gas Storage & Transportation Companies

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Largest Oil & Gas Midstream Companies

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Check out the analysis of Tsakos Energy Correlation against competitors.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tsakos Energy. If investors know Tsakos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tsakos Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.43

Earnings Share

5.47

Revenue Per Share

27.878

Quarterly Revenue Growth

(0.03)

Return On Assets

0.0456

The market value of Tsakos Energy Navigation is measured differently than its book value, which is the value of Tsakos that is recorded on the company's balance sheet. Investors also form their own opinion of Tsakos Energy's value that differs from its market value or its book value, called intrinsic value, which is Tsakos Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tsakos Energy's market value can be influenced by many factors that don't directly affect Tsakos Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tsakos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsakos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsakos Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tsakos Gross Profit from 2010 to 2024

Latest Tsakos Energy's Gross Profit Growth Pattern

Tsakos Gross Profit Regression Statistics

Tsakos Gross Profit History

Other Fundumenentals of Tsakos Energy Navigation

Tsakos Energy Gross Profit component correlations

About Tsakos Energy Financial Statements

Pair Trading with Tsakos Energy

Moving together with Tsakos Stock

Moving against Tsakos Stock

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