International Seaways, Inc. — Earnings Quality Grade F
INSW · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 4 days, change +2 days YoY
AR growth 92.0% exceeds revenue growth -11.4%
Revenue -11.4%, CFFO -30.5%. Cash follows revenue
Expense Quality
Inventory -67.4% vs COGS 2.8%. Normal
CapEx growth 19.9% vs revenue -11.4%. Normal
SG&A/Gross Profit = 14.1%, excellent (<30%)
Gross margin swung -8.0pp (50.2% → 42.3%)
Cash Flow Quality
CFFO/NI = 1.23. Profits backed by cash
FCF $0.0B, FCF/NI = 0.12
Accruals ratio = -2.7%. Low accruals
Cash $0.2B covers only 29% of debt $0.6B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 1.1x. Healthy
Other assets -35.2% vs revenue -11.4%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -1.48 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25