Teck Resources Ltd Class B (TECK) 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 %
Q3 26	$1.41	$1.93	+36.9%	—	—	—
Q2 26	$1.12	$1.75	+56.2%	—	—	—
Q1 26	$0.57	$0.76	+33.3%	—	—	—
Q4 25	$0.24	$0.38	+58.3%	—	—	—
Q3 25	$0.34	$0.6	+76.5%	—	—	—
Q2 25	$0.29	$0.45	+55.2%	—	—	—
Q1 25	$0.38	$0.6	+57.9%	—	—	—
Q4 24	$0.73	$0.79	+8.2%	—	—	—
Q3 24	$0.95	$0.75	-21.1%	—	—	—
Q2 24	$1.41	$1.4	-0.7%	—	—	—
Q1 24	$1.04	$0.76	-26.9%	—	—	—
Q4 23	$1.26	$1.22	-3.2%	—	—	—
Q3 23	$1.87	$1.78	-4.8%	—	—	—
Q2 23	$1.27	$1.07	-15.7%	—	—	—
Q1 23	$1.65	$1.74	+5.5%	—	—	—
Q4 22	$3.05	$3.25	+6.6%	—	—	—

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	—	$2.84	—	—	$10.8B	—
FY24	—	$0.79	—	—	$6.6B	—
FY23	—	$4.65	—	—	$15B	—
FY22	—	$6.3	—	—	$17.3B

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	$9.3B	$11.9B	$12.6B	$11.9B	$8.9B	$12.8B	$17.3B	$15B	$6.6B	$10.8B
YoY change	+12.6%	+28.1%	+5.49%	-5.01%	-25%	+42.7%	+35.6%	-13.3%	-55.7%	+61.9%

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	9.3B	11.9B	12.6B	11.9B	8.9B	12.8B	17.3B	15B	6.6B	10.8B
Cost of revenue	6.9B	7.3B	7.9B	8.6B	7.6B	7.6B	8.7B	9.9B	5.5B	8.1B
Gross profit	2.4B	4.6B	4.6B	3.3B	1.3B	5.2B	8.6B	5.1B	1.2B	2.7B
Gross margin	25.8%	38.3%	36.8%	28%	14.9%	40.8%	49.5%	34.3%	17.7%	24.7%
Research & development	30M	55M	35M	67M	97M	129M	157M	164M	36.6M	35M
Selling, general & administrative	270M	241M	201M	165M	179M	297M	472M	424M	268.2M	335M
Operating expenses	530M	563M	618M	824M	922M	933M	1.3B	1.4B	535.8M	998M
Operating income	1.7B	3.8B	4B	2.5B	359M	4.2B	7.2B	3.7B	570.2M	1.5B
Operating margin	18.5%	32.1%	31.8%	20.8%	4.01%	33%	41.5%	24.6%	8.58%	14.3%
Non-operating income, net	205M	244M	669M	-2.8B	-1.3B	516M	-562M	325M	-491M	872M
Pretax income	1.6B	3.9B	4.5B	-468M	-1.1B	4.7B	6.6B	3.9B	-526.2M	1.7B
Income tax	587M	1.4B	1.4B	120M	-192M	1.5B	2.5B	1.6B	150.2M	584M
Net income	1B	2.5B	3.1B	-588M	-944M	2.9B	3.3B	2.3B	207.4M	1.1B
Net margin	11.2%	20.9%	25%	-4.93%	-10.5%	22.8%	19%	15.4%	3.12%	9.97%
EBITDA	3B	5.2B	5.4B	4.1B	1.9B	5.5B	8.6B	5.3B	1.7B	3.4B
EPS	1.8	4.34	5.41	-1.08	-1.62	5.39	6.3	4.65	0.79	2.84
Diluted EPS	1.78	4.28	5.34	-1.08	-1.62	5.31	6.19	4.59	0.78	2.83

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	2B	4.1B	4B	3.9B	2B	2B	2.3B	2B	3.4B	3.1B	3.9B	3.6B
Cost of revenue	1.7B	2.9B	2.7B	2.7B	1.7B	1.6B	1.8B	1.6B	2.7B	2.1B	2.2B	1.9B
Gross profit	261M	1.2B	1.3B	1.2B	340.5M	397.2M	536M	471M	660M	990M	1.7B	1.7B
Gross margin	13.1%	30.1%	32.3%	30%	16.7%	19.5%	23.4%	23.3%	19.5%	32.4%	43.5%	46.3%
Research & development	36M	36M	24M	23M	4.3M	8.8M	10M	7M	5M	13M	4M	4M
Selling, general & administrative	92M	98M	101M	115M	75.5M	46.9M	87M	81M	85M	85M	99M	123M
Operating expenses	178M	454M	259M	300M	58.4M	236.7M	182M	181M	130M	613M	202M	267M
Operating income	75M	763M	1B	840M	272.8M	117.3M	325M	262M	496M	349M	1.5B	1.4B
Operating margin	3.77%	18.6%	25.5%	21.7%	13.4%	5.74%	14.2%	13%	14.7%	11.4%	37.6%	38.2%
Non-operating income, net	-41M	33M	-98M	15M	-725.2M	315.9M	217M	-9M	-69M	842M	-13M	190M
Pretax income	48M	694M	741M	658M	-540.7M	187.6M	450M	125M	289M	792M	1.3B	1.5B
Income tax	115M	298M	309M	273M	62M	8.8M	137M	24M	156M	267M	527M	575M
Net income	268M	396M	432M	385M	-564.2M	189.1M	313M	101M	133M	525M	809M	884M
Net margin	13.5%	9.64%	10.8%	9.94%	-27.7%	9.26%	13.7%	4.99%	3.93%	17.2%	20.5%	24.5%
EBITDA	443M	1.1B	1.6B	1.5B	730.2M	315.9M	896M	702M	1B	615M	1.9B	1.9B
EPS	0.53	0.93	0.66	0.7	-1.45	0.78	0.74	0.42	0.58	1.11	1.67	1.74
Diluted EPS	0.52	0.92	0.65	0.69	-1.45	0.78	0.73	0.41	0.57	1.11	1.67	1.74

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	16.8B	22B	18B	14.1B	14.1B	22.3B	28.9B	31.2B	—	—	32B
Enterprise value	23.7B	27.4B	21.7B	18.8B	21.5B	30.2B	37.1B	41.5B	—	—	26.3B
Shares outstanding	837.5M	839.1M	833.9M	813.4M	776.5M	773.4M	765.3M	737.2M	378.2M	493.8M	493.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.1	8.82	5.71	—	—	7.65	8.78	13.5	—	—	18
P/S	1.8	1.84	1.43	1.18	1.58	1.75	1.67	2.08	—	—	2.27
P/B	0.92	1.1	0.78	0.64	0.68	0.94	1.09	1.1	—	—	1.63
EV/EBITDA	7.82	5.23	4.03	4.65	11.5	5.5	4.34	7.84	—	—	5.66
EV/Sales	2.55	2.3	1.73	1.58	2.41	2.37	2.14	2.77	—	—	2.65
Earnings yield	6.21%	11.3%	17.5%	—	—	13.1%	11.4%	7.41%	—	—	5.55%
FCF yield	6.93%	12.5%	10.2%	0.11%	-14.7%	0.47%	8.7%	-5.45%	—	—	3.84%
PEG	—	—	—	—	—	—	—	—	—	—	0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.8%	38.3%	36.8%	28%	14.9%	40.8%	49.5%	34.3%	17.7%	24.7%	46.3%
Operating margin	18.5%	32.1%	31.8%	20.8%	4.01%	33%	41.5%	24.6%	8.58%	14.3%	43.1%
Net margin	11.2%	20.9%	25%	-4.93%	-10.5%	22.8%	19%	15.4%	3.12%	9.97%	17.9%
ROE	5.73%	12.4%	13.7%	-2.66%	-4.56%	12.3%	12.4%	8.16%	1.04%	4.12%	8.72%
ROA	2.92%	6.72%	7.94%	-1.49%	-2.29%	6.15%	6.3%	4.11%	0.6%	2.36%	6.26%
ROIC	4.39%	9.56%	10.4%	9.26%	1.28%	9%	12.9%	5.66%	2.64%	3.26%	6.95%
Return on tangible assets	3.12%	7.17%	8.45%	-1.6%	-2.45%	6.57%	6.69%	4.33%	0.62%	2.42%	5.02%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.2	1.82	2.11	1.62	1.23	1.62	1.41	1.1	2.88	2.54	3.12
Quick ratio	1.42	1.18	1.29	0.91	0.66	0.99	0.96	0.6	2.28	1.91	2.33
Debt / equity	0.46	0.32	0.24	0.26	0.38	0.39	0.38	0.39	0.37	0.37	0.34
Debt / assets	0.23	0.17	0.14	0.15	0.19	0.2	0.19	0.2	0.21	0.21	0.2
Net debt / EBITDA	2.29	1.03	0.7	1.16	3.98	1.44	0.95	1.95	1.03	1.37	0.69
Interest coverage	8.27	60.3	61.1	-4.32	-9.52	233.4	327.3	—	0.07	3.28	6.49
Effective tax rate	36.1%	36.4%	30.3%	0%	0%	32.4%	38%	40.8%	0%	35.3%	39.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	11.1	14.2	15.1	14.7	11.5	16.5	22.6	20.4	17.6	21.8	28.6
EPS (basic)	1.8	4.34	5.41	-1.08	-1.62	5.39	6.3	4.65	0.79	2.84	2.84
EPS (diluted)	1.78	4.28	5.34	-1.08	-1.62	5.31	6.19	4.59	0.78	2.83	3.6
Book value per share	21.7	23.8	27.6	27.1	26.7	30.7	34.6	38.4	52.5	52.7	39.8
FCF per share	1.39	3.28	2.19	0.02	-2.66	0.14	3.29	-2.3	0.3	-1.18	3.92
Cash per share	1.68	1.13	2.08	1.26	0.58	1.85	2.46	1.01	14.7	10.1	12.3
Capex per share	1.69	1.93	2.29	3.43	4.03	—	—	—	—	4.18	5.54

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	15.2%	13.6%	15.2%	23.4%	35%	—	—	—	—	19.2%	19.5%
Capex / operating cash flow	42.4%	26.5%	31.5%	205.6%	435.8%	—	—	—	—	139.4%	58.6%
Payout ratio	5.57%	13.8%	5.47%	-18.9%	-11.2%	3.64%	16.1%	22.3%	181.6%	22.9%	9.82%
Dividend yield	0.35%	1.57%	0.96%	0.79%	0.75%	0.48%	1.84%	1.65%	—	—	0.55%

Yield

0.55%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.09

ex-dividend Sep 15, 2026

Payout ratio

10%

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
Sep 15, 2026	$0.09
Jun 15, 2026	$0.089
Mar 13, 2026	$0.092
Sep 15, 2025	$0.09
Jun 16, 2025	$0.092

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	$2B	$4.1B	$4B	$3.9B	$2B	$2B	$2.3B	$2B	$3.4B	$3.1B	$3.9B	$3.6B
YoY change	-53.3%	+124.7%	+5.36%	+10.1%	+2.36%	-50.3%	-42.6%	-47.8%	+66.3%	+49.8%	+72.2%	+78.2%

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	1.4B	952M	1.7B	1B	450M	1.4B	1.9B	744M	5.6B	5B
Receivables	1.4B	1.4B	1.2B	1.1B	1.3B	2B	1.5B	2.1B	1.2B	2.6B
Inventory	1.7B	1.7B	2.1B	2B	1.9B	2.4B	2.7B	2.9B	1.9B	2.7B
Total current assets	4.8B	4.7B	5.3B	4.5B	4B	6.1B	8.3B	6.5B	9.2B	11.2B
Property, plant & equipment	7.3B	7.9B	8.7B	10.3B	11.9B	15.1B	18.8B	23.4B	15.8B	20.8B
Goodwill & intangibles	2.3B	2.3B	2.4B	2.5B	2.8B	3B	3B	2.9B	935.2M	1.2B
Total assets	35.6B	37B	39.6B	39.4B	41.3B	47.4B	52.4B	56.2B	34.5B	45.4B
Accounts payable	943M	1.1B	1.2B	1.3B	1.4B	1.7B	1.9B	2.3B	1.1B	1.9B
Short-term debt	99M	55M	32M	189M	234M	340M	748M	710M	438.3M	572M
Total current liabilities	2.2B	2.6B	2.5B	2.8B	3.2B	3.8B	5.9B	5.9B	3.2B	4.4B
Long-term debt	8.2B	6.3B	5.5B	5.6B	7.6B	9B	9.3B	10.4B	6.9B	9B
Total liabilities	17.5B	17B	16.6B	17.3B	20.6B	23.6B	25.8B	27.9B	14.6B	19.4B
Shareholders' equity	18.2B	20B	23B	22.1B	20.7B	23.8B	26.5B	28.3B	19.9B	26B
Total debt	8.3B	6.4B	5.5B	5.7B	7.9B	9.3B	10B	11.1B	7.3B	9.6B
Net debt	6.9B	5.4B	3.8B	4.7B	7.4B	7.9B	8.1B	10.3B	1.7B	4.6B

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	1.3B	744M	1.3B	918M	5.2B	5.6B	6.2B	4.8B	4.8B	5B	5.4B	6.1B
Receivables	1.7B	2.1B	2.1B	2B	1.5B	1.2B	1.7B	1.4B	2.4B	2.6B	2.8B	2.4B
Inventory	3B	2.9B	3.1B	3.4B	1.7B	1.9B	2.7B	2.8B	2.6B	2.7B	2.8B	3.1B
Total current assets	6.7B	6.5B	7.3B	7.1B	8.8B	9.2B	11.4B	9.7B	10.5B	11.2B	11.7B	12.2B
Property, plant & equipment	—	23.4B	—	—	—	15.8B	—	—	—	20.8B	—	—
Goodwill & intangibles	2.2B	2.9B	2.2B	2.2B	883.3M	935.2M	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B
Total assets	54.8B	56.2B	58.3B	58.8B	31.7B	34.5B	45.9B	43B	44.5B	45.4B	46.6B	48B
Accounts payable	4.1B	2.3B	4B	3.7B	2B	1.1B	2.3B	2B	2.9B	1.9B	2.9B	2.9B
Short-term debt	679M	710M	761M	789M	385.4M	438.3M	568M	536M	551M	572M	606M	614M
Total current liabilities	5.6B	5.9B	4.9B	4.8B	3B	3.2B	3.4B	2.8B	3.8B	4.4B	4.1B	3.9B
Long-term debt	10.1B	10.4B	10.7B	10.9B	6.3B	6.9B	9.4B	8.9B	9.1B	9B	9.2B	9.2B
Total liabilities	26.5B	27.9B	27.5B	27.6B	13.2B	14.6B	18.9B	17.6B	18.7B	19.4B	19.4B	19.5B
Shareholders' equity	28.3B	28.3B	30.8B	31.2B	18.4B	19.9B	27B	25.4B	25.8B	26B	27.2B	28.6B
Total debt	10.7B	11.1B	11.5B	11.7B	6.7B	7.3B	9.9B	9.4B	9.6B	9.6B	9.8B	9.8B
Net debt	9.4B	10.3B	10.2B	10.8B	1.5B	1.7B	3.7B	4.7B	4.9B	4.6B	4.3B	3.7B

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	1B	2.5B	3.1B	-588M	-944M	3.2B	4.1B	2.3B	-676.5M	1.1B
Depreciation & amortization	1.4B	1.5B	1.5B	1.6B	1.5B	1.5B	1.7B	1.9B	1.3B	1.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-360M	314M	-3M	-91M	-139M	-779M	294M	-753M	-181M	-839M
Operating cash flow	3.3B	6.1B	6B	1.4B	718M	5.9B	9.1B	5.6B	1B	1.5B
Capital expenditure	-1.4B	-1.6B	-1.9B	-2.8B	-3.1B	—	—	—	—	-2.1B
Investing cash flow	-1.4B	-1.8B	-898M	-2.9B	-3.2B	-186M	-215M	1B	6.9B	-2.2B
Dividends paid	-58M	-344M	-172M	-111M	-106M	-106M	-532M	-515M	-376.7M	-246M
Share repurchases	0	-175M	-189M	-661M	-207M	0	-1.4B	-250M	-908.8M	-1B
Financing cash flow	-1.1B	-2.5B	-1.7B	-151M	2.3B	1.1B	-1.5B	287M	-1.2B	-1.2B
Net change in cash	914M	1.8B	3.4B	-1.7B	-201M	6.9B	7.4B	6.9B	6.8B	-1.8B
Free cash flow	1.2B	2.8B	1.8B	16M	-2.1B	105M	2.5B	-1.7B	113.6M	-583M

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	—	—	—	—	—	—	—	—	133M	525M	809M	884M
Depreciation & amortization	—	—	—	—	—	—	—	—	554M	413M	508M	457M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	—	647M	1.3B	1B	1.7B
Capital expenditure	—	—	—	—	—	—	—	—	-536M	-730M	-680M	-777M
Investing cash flow	—	—	—	—	—	—	—	—	-586M	-746M	-631M	-789M
Dividends paid	—	—	—	—	—	—	—	—	-61M	-61M	-61M	-61M
Share repurchases	—	—	—	—	—	—	—	—	-144M	0	0	0
Financing cash flow	7M	7M	54M	77.6M	5.1M	2M	8M	3M	-180M	38M	-71M	-207M
Net change in cash	7M	7M	54M	77.6M	5.1M	2M	8M	3M	-119M	551M	322M	722M
Free cash flow	—	—	—	—	—	—	—	—	111M	529M	344M	941M

Teck Resources Ltd Class B 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

Split history