Teekay Tankers Ltd (TNK) 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 %
Q1 26	$3.54	$3.69	+4.2%	—	$286.1M	—
Q4 25	$2.73	$2.8	+2.6%	—	$258.3M	—
Q3 25	$1.46	$1.54	+5.5%	—	$229M	—
Q2 25	$1.42	$1.41	-0.7%	—	$232.9M	—
Q1 25	$1.14	$1.21	+6.1%	—	$231.6M	—
Q4 24	$1.47	$1.5	+2.0%	—	$351.1M	—
Q3 24	$2.15	$1.84	-14.4%	—	$243.3M	—
Q2 24	$3.2	$3.11	-2.8%	—	$296.6M	—
Q1 24	$3.82	$3.86	+1.0%	—	$338.3M	—
Q4 23	$3.49	$2.91	-16.6%	—	$313.3M	—
Q3 23	$2.09	$2.24	+7.2%	—	$285.9M	—
Q2 23	$4.48	$4.33	-3.3%	—	$370.6M	—
Q1 23	$4.37	$5.13	+17.4%	—	$394.7M	—
Q4 22	$3.42	$4.33	+26.6%	—	$367.3M	—
Q3 22	$1.56	$1.7	+9.0%	—	$279.4M	—
Q2 22	$0.7	$0.76	+8.6%	—	$242.4M	—

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	—	$10.2	—	—	$951.8M	—
FY24	—	$11.7	—	—	$1.2B	—
FY23	—	$15	—	—	$1.4B	—
FY22	—	$6.74	—	—	$1.1B

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	$550.5M	$431.2M	$776.5M	$943.9M	$886.4M	$542.4M	$1.1B	$1.4B	$1.2B	$951.8M
YoY change	+2.97%	-21.7%	+80.1%	+21.6%	-6.09%	-38.8%	+96%	+28.3%	-9.9%	-22.6%

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	550.5M	431.2M	776.5M	943.9M	886.4M	542.4M	1.1B	1.4B	1.2B	951.8M
Cost of revenue	400M	383.9M	728.5M	778.1M	635M	600.4M	772.5M	791.7M	835M	690.2M
Gross profit	150.5M	47.3M	48M	165.8M	251.4M	-58M	290.7M	572.7M	394.3M	261.6M
Gross margin	27.3%	11%	6.18%	17.6%	28.4%	-10.7%	27.3%	42%	32.1%	27.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33.2M	32.9M	39.8M	36.4M	39M	43.7M	41.8M	45.9M	46.6M	46.6M
Operating expenses	33.2M	32.9M	39.8M	36.4M	39M	43.7M	41.8M	45.9M	46.6M	46.6M
Operating income	109.8M	14.4M	8.2M	129.4M	212.4M	-101.7M	248.9M	526.8M	347.7M	215M
Operating margin	20%	3.34%	1.06%	13.7%	24%	-18.8%	23.4%	38.6%	28.3%	22.6%
Non-operating income, net	-12.3M	-36.7M	6.4M	-3.5M	-67.5M	-107.7M	15.1M	13.9M	39.8M	105.5M
Pretax income	67.8M	-52.7M	-43.1M	61.5M	94.6M	-244.3M	229.6M	523.2M	404.1M	347.3M
Income tax	7.5M	5.3M	9.4M	20.1M	7.3M	-1.9M	529K	9.5M	405K	-3.9M
Net income	67.8M	-58M	-52.5M	41.4M	87.3M	-242.4M	229.1M	513.7M	403.7M	351.2M
Net margin	12.3%	-13.5%	-6.77%	4.38%	9.85%	-44.7%	21.5%	37.6%	32.8%	36.9%
EBITDA	221.9M	90.7M	128.9M	256.9M	337.1M	-11.7M	348.8M	637.6M	469.8M	340.8M
EPS	3.2	-2.48	-1.6	1.23	2.59	-7.16	6.74	15	11.7	10.2
Diluted EPS	3.2	-2.48	-1.6	1.23	2.57	-7.16	6.68	14.9	11.6	10.1

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	285.9M	313.3M	338.3M	296.6M	243.3M	351.1M	231.6M	232.9M	229M	258.3M	286.1M	379.5M
Cost of revenue	193.6M	199.9M	196.9M	180.5M	174M	283.7M	185.7M	171.7M	174.4M	158.5M	150.7M	174.6M
Gross profit	92.3M	113.4M	141.5M	116.1M	69.3M	67.4M	46M	61.2M	54.7M	99.8M	135.4M	205M
Gross margin	32.3%	36.2%	41.8%	39.1%	28.5%	19.2%	19.8%	26.3%	23.9%	38.6%	47.3%	54%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.7M	10.8M	13.8M	14M	10.9M	7.9M	9.7M	14.5M	11.1M	11.2M	10.4M	15.3M
Operating expenses	10.7M	10.8M	13.8M	14M	10.9M	7.9M	9.7M	14.5M	11.1M	11.2M	10.4M	15.3M
Operating income	81.6M	102.6M	127.6M	102.1M	58.4M	59.5M	36.2M	46.7M	43.5M	88.6M	125M	189.7M
Operating margin	28.5%	32.7%	37.7%	34.4%	24%	16.9%	15.6%	20%	19%	34.3%	43.7%	50%
Non-operating income, net	584K	11.8M	12.2M	2.4M	-5.1M	30.3M	34.2M	8.7M	39.5M	23M	25M	31.7M
Pretax income	78.8M	113.3M	140.4M	109.3M	58.2M	96.1M	75.6M	62.2M	89.7M	119.8M	157.6M	231M
Income tax	-2.5M	1.6M	-4.3M	2.3M	-582K	3M	-470K	-432K	-2.3M	-691K	4M	5.1M
Net income	81.4M	111.7M	144.8M	107M	58.8M	93.1M	76M	62.6M	92.1M	120.5M	153.6M	225.9M
Net margin	28.5%	35.7%	42.8%	36.1%	24.2%	26.5%	32.8%	26.9%	40.2%	46.6%	53.7%	59.5%
EBITDA	109.8M	130.4M	156.4M	131.8M	88.7M	92.9M	61M	75.9M	85.6M	118.2M	156.4M	220.3M
EPS	2.38	3.27	4.23	3.11	1.7	2.38	2.2	1.81	2.66	3.47	4.42	6.49
Diluted EPS	2.35	3.23	4.18	3.08	1.69	2.37	2.19	1.8	2.64	3.46	4.4	6.47

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	—	—	—	805.8M	371.2M	369.1M	1B	1.7B	1.4B	1.8B	3.3B
Enterprise value	—	—	—	1.8B	891M	972.5M	1.4B	1.6B	897M	1B	2.1B
Shares outstanding	19.5M	23.4M	33.6M	33.6M	33.7M	33.9M	34M	34.2M	34.4M	34.6M	34.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	19.5	4.25	—	4.57	3.32	3.39	5.26	5.54
P/S	—	—	—	0.85	0.42	0.68	0.99	1.25	1.11	1.94	2.83
P/B	—	—	—	0.81	0.34	0.44	0.98	1.12	0.78	0.9	1.49
EV/EBITDA	—	—	—	6.86	2.64	-83.2	4.14	2.44	1.91	3.06	4.09
EV/Sales	—	—	—	1.87	1.01	1.79	1.36	1.14	0.73	1.1	1.81
Earnings yield	—	—	—	5.13%	23.5%	—	21.9%	30.1%	29.5%	19%	18%
FCF yield	—	—	—	13.2%	89.4%	-34.9%	17%	36.1%	29%	0.74%	6.87%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	27.3%	11%	6.18%	17.6%	28.4%	-10.7%	27.3%	42%	32.1%	27.5%	54%
Operating margin	20%	3.34%	1.06%	13.7%	24%	-18.8%	23.4%	38.6%	28.3%	22.6%	50%
Net margin	12.3%	-13.5%	-6.77%	4.38%	9.85%	-44.7%	21.5%	37.6%	32.8%	36.9%	51.3%
ROE	7.27%	-5.76%	-5.55%	4.18%	8.09%	-28.9%	21.4%	33.7%	23%	17.2%	28%
ROA	3.45%	-2.64%	-2.43%	1.86%	4.74%	-15%	12.8%	27.4%	20.4%	15.7%	12%
ROIC	5.51%	0.71%	0.41%	4.48%	12.3%	-7.06%	16.9%	37.6%	27%	17.4%	37.1%
Return on tangible assets	3.55%	-2.7%	-2.48%	1.86%	4.77%	-15%	12.9%	27.5%	20.5%	15.7%	22.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.01	0.75	1.14	1.51	1.24	1.56	2.7	4.4	5.66	7.98	9.99
Quick ratio	1.01	0.75	1.02	1.33	1.07	1.25	2.34	4.02	5.32	7.76	9.73
Debt / equity	1	1.09	1.17	1.05	0.57	0.78	0.54	0.14	0.04	0.02	0.02
Debt / assets	0.47	0.5	0.51	0.47	0.34	0.4	0.32	0.12	0.03	0.02	0.01
Net debt / EBITDA	3.78	11.4	8.19	3.72	1.54	-51.6	1.13	-0.23	-1	-2.37	-2.04
Interest coverage	3.28	-0.68	0.26	1.94	2.84	-5.97	7.42	19.9	55.1	120.9	228.2
Effective tax rate	11.1%	0%	0%	32.7%	7.7%	0%	0.23%	1.81%	0.1%	0%	1.01%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	28.2	18.4	23.1	28.1	26.3	16	31.3	39.9	35.7	27.5	33.2
EPS (basic)	3.2	-2.48	-1.6	1.23	2.59	-7.16	6.74	15	11.7	10.2	10.2
EPS (diluted)	3.2	-2.48	-1.6	1.23	2.57	-7.16	6.68	14.9	11.6	10.1	17
Book value per share	47.7	43	28.2	29.4	32	24.8	31.5	44.7	51.1	59.1	63.2
FCF per share	10.1	3.24	-0.39	3.15	9.84	-3.8	5.23	18	11.5	0.39	7.67
Cash per share	4.82	3.05	1.64	2.64	2.88	1.49	5.31	10.7	15.5	24.6	34.9
Capex per share	1.41	2.23	0.02	0.6	2.55	1.72	2.05	—	0.53	0.09	0.1

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5%	12.1%	0.08%	2.12%	9.69%	10.7%	6.55%	—	1.49%	0.31%	0.3%
Capex / operating cash flow	13.5%	69.3%	-14%	15.9%	30.6%	-26.4%	32.3%	—	3.58%	0.98%	0.65%
Payout ratio	69.1%	-35.6%	-15.3%	0%	—	0%	0%	11.6%	25.5%	19.6%	5.89%
Dividend yield	—	—	—	0%	—	0%	0%	3.49%	7.51%	3.73%	1.03%

Yield

1.03%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Aug 10, 2026

Payout ratio

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
Aug 10, 2026	$0.25
May 26, 2026	$1.25
Mar 2, 2026	$0.25
Aug 11, 2025	$0.25
May 19, 2025

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	$285.9M	$313.3M	$338.3M	$296.6M	$243.3M	$351.1M	$231.6M	$232.9M	$229M	$258.3M	$286.1M	$379.5M
YoY change	+2.32%	-14.7%	-14.3%	-20%	-14.9%	+12.1%	-31.5%	-21.5%	-5.86%	-26.4%	+23.5%	+63%

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	94.2M	71.4M	54.9M	88.8M	97.2M	50.6M	180.5M	365.3M	534.3M	852.6M
Receivables	58.4M	34.8M	73.9M	95.6M	36.2M	41.1M	116.7M	99.9M	82.4M	82.8M
Inventory	—	—	23.2M	49.8M	34.6M	49M	60.8M	53.2M	46M	29.4M
Total current assets	258M	176.7M	225.6M	421.2M	245.4M	245.4M	459.5M	613.5M	747.9M	1.1B
Property, plant & equipment	-459.3M	-537.4M	-605.7M	-661.2M	-539.3M	-370.5M	-418.9M	-457M	-518.7M	-449.5M
Goodwill & intangibles	51.4M	45.3M	39.4M	9.9M	8.8M	7.8M	7M	6.2M	5.5M	4.9M
Total assets	2B	2.2B	2.2B	2.2B	1.8B	1.6B	1.8B	1.9B	2B	2.2B
Accounts payable	14.4M	7.9M	11.1M	71M	31.1M	34.8M	42.4M	29.9M	25.6M	19.9M
Short-term debt	171M	174M	127.1M	135.2M	103M	76.9M	76.7M	56.4M	24.9M	21.1M
Total current liabilities	255.9M	236.7M	197.8M	279.7M	197.1M	157.1M	170.2M	139.3M	132M	135.3M
Long-term debt	762M	927.2M	983.6M	908.8M	514M	577.1M	499.5M	159.5M	37.4M	25.3M
Total liabilities	1B	1.2B	1.2B	1.2B	761.3M	780.3M	713.6M	347.7M	217.4M	198.1M
Shareholders' equity	932.7M	1B	946.9M	989.9M	1.1B	838.4M	1.1B	1.5B	1.8B	2B
Total debt	933M	1.1B	1.1B	1B	617M	654M	576.2M	215.9M	62.3M	46.4M
Net debt	838.9M	1B	1.1B	955.2M	519.8M	603.5M	395.7M	-149.3M	-449.6M	-784.2M

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	227.3M	365.3M	369.7M	426.8M	462.9M	534.3M	695.5M	730.7M	797M	852.6M	996.2M	1.2B
Receivables	116.4M	99.9M	92.5M	95.2M	79.6M	82.4M	91.6M	89.9M	68.3M	82.8M	113M	85.8M
Inventory	51.7M	53.2M	54.9M	49.8M	45.4M	46M	38.2M	33.9M	36.1M	29.4M	28.7M	37.8M
Total current assets	464.9M	613.5M	652.2M	689M	687.2M	747.9M	943.6M	1B	1B	1.1B	1.3B	1.5B
Property, plant & equipment	86.6M	-457M	65.9M	-482.3M	-499.4M	-518.7M	-489.6M	-448.4M	-466.7M	-449.5M	-461.3M	27.8M
Goodwill & intangibles	6.4M	6.2M	8.5M	12.7M	5.6M	5.5M	13.3M	20.8M	24.2M	4.9M	10.5M	10.9M
Total assets	1.8B	1.9B	1.8B	1.9B	1.9B	2B	2B	2.1B	2.1B	2.2B	2.4B	2.6B
Accounts payable	62.9M	29.9M	25.6M	28.1M	21.2M	25.6M	26.6M	23M	19.1M	19.9M	28.1M	120M
Short-term debt	59.9M	56.4M	30.8M	32.7M	27.6M	24.9M	20M	17.2M	15.1M	21.1M	19.4M	16.6M
Total current liabilities	130M	139.3M	99.2M	105.6M	101.1M	132M	117.2M	132.4M	115.3M	135.3M	135.2M	147.2M
Long-term debt	171.5M	159.5M	35.1M	31M	26.4M	37.4M	34M	32.4M	28.2M	25.3M	23.8M	11.2M
Total liabilities	348.9M	347.7M	180.3M	184.6M	171.3M	217.4M	199M	212.2M	181.9M	198.1M	200.6M	216.1M
Shareholders' equity	1.4B	1.5B	1.7B	1.7B	1.7B	1.8B	1.8B	1.8B	1.9B	2B	2.2B	2.4B
Total debt	231.3M	215.9M	65.9M	63.7M	54M	62.3M	54M	49.6M	43.3M	46.4M	43.3M	27.8M
Net debt	4.1M	-149.3M	-303.9M	-363.1M	-408.9M	-449.6M	-621.4M	-600.4M	-721.3M	-784.2M	-678.7M	-707.2M

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	67.8M	-58M	-52.5M	41.4M	87.3M	-242.4M	229.1M	513.7M	403.7M	351.2M
Depreciation & amortization	104.1M	100.5M	118.5M	124M	117.2M	106.1M	99M	97.6M	93.6M	86.6M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	31.3M	38.8M	-53.9M	-14.1M	88.4M	-55.3M	-102.4M	25.4M	40.8M	7.6M
Operating cash flow	204.6M	75.3M	-4.2M	125.5M	280.6M	-219.7M	215.4M	634.4M	510.4M	305.9M
Capital expenditure	27.6M	52.1M	589K	20M	85.9M	58.1M	69.6M	—	18.3M	-3M
Investing cash flow	31.1M	83.5M	1.3M	20M	90.5M	117.7M	136.3M	27.5M	-267K	-712K
Dividends paid	-46.8M	-20.7M	-8.1M	0	—	0	0	-59.5M	-102.8M	-69M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-290.9M	-178.5M	-3.4M	-239.8M	-691.1M	-13M	-272M	-514.8M	-346.3M	-70.3M
Net change in cash	-55.2M	-19.7M	-6.3M	-94.2M	-319.9M	-115.1M	79.6M	147.1M	163.9M	234.9M
Free cash flow	197.3M	75.8M	-13.1M	106M	331.9M	-128.8M	177.8M	615.9M	396.6M	13.6M

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	81.4M	111.7M	144.8M	102.9M	50.5M	93.1M	76M	62.6M	92.1M	120.5M	153.6M	225.9M
Depreciation & amortization	24.6M	24.6M	23.3M	22.4M	23.4M	24.4M	23.2M	20.9M	20.9M	21.5M	22.2M	20.8M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	100.6M	129.7M	166.2M	124.1M	65.3M	103.4M	102.1M	80M	74.9M	101M	119.6M	244.7M
Capital expenditure	0	—	23.4M	-7.1M	-63.5M	65.4M	114.5M	6.5M	-938K	-1.1M	-510K	-1M
Investing cash flow	2M	23.6M	23.4M	-7.1M	-63.5M	65.4M	112.2M	-54.5M	52.2M	11M	-252.7M	-203.4M
Dividends paid	-8.5M	-8.5M	-8.6M	-77.1M	-8.6M	-8.6M	-8.6M	-43.1M	-8.6M	-8.6M	-8.7M	-43.3M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-73.8M	-13.7M	-148M	-79M	-10.7M	-105.8M	-9.4M	-43.6M	-8.6M	-8.6M	-8.7M	-43.3M
Net change in cash	28.8M	139.5M	41.6M	38M	-8.8M	62.9M	204.8M	-18M	118.5M	103.3M	-141.7M	-2.1M
Free cash flow	120.2M	128.1M	129.1M	131.6M	34.9M	87.3M	51M	15M	-53.3M	881K	76.6M	243.7M

Teekay Tankers Ltd 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