NYSE : TECK
Teck Resources Limited — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 60.61 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 29.74B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Teck Resources Limited (TECK) reported revenue of 15.12B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 15.12B | 10.76B | 9.06B | 6.48B | 17.32B | 12.77B |
| Cost of Revenue | 9.06B | 8.10B | 7.46B | 5.36B | 8.74B | 7.55B |
| Gross Profit | 6.06B | 2.66B | 1.61B | 1.11B | 8.57B | 5.21B |
| Selling, General & Admin | 273.00M | 269.00M | 275.00M | 296.00M | 236.00M | 172.00M |
| Research & Development | 28.00M | 35.00M | 50.00M | 117.00M | 157.00M | 129.00M |
| Other Operating Expenses | -45.00M | 1.00M | 171.00M | 501.00M | 1.00B | 87.00M |
| Operating Expenses | 457.00M | 461.00M | 674.00M | 1.08B | 1.72B | 363.00M |
| Operating Income | 5.61B | 2.20B | 933.00M | 31.00M | 6.85B | 4.85B |
| Interest Expense | -639.00M | -675.00M | -733.00M | 22.00M | 20.00M | 20.00M |
| Interest & Investment Income | 224.00M | 262.00M | 228.00M | 110.00M | 53.00M | 5.00M |
| Earnings From Equity Investments | -30.00M | -3.00M | 3.00M | 2.00M | 4.00M | -3.00M |
| Currency Exchange Gain (Loss) | 38.00M | -41.00M | 146.00M | 9.00M | 15.00M | 37.00M |
| Other Non Operating Income (Expenses) | -172.00M | 12.00M | -232.00M | -344.00M | -317.00M | -208.00M |
| EBT Excluding Unusual Items | 5.03B | 1.75B | 345.00M | -170.00M | 6.63B | 4.70B |
| Merger & Restructuring Charges | -114.00M | |||||
| Gain (Loss) on Sale of Assets | 136.00M | 27.00M | 36.00M | 183.00M | -4.00M | -14.00M |
| Asset Writedown | 814.00M | -122.00M | -1.10B | -88.00M | ||
| Other Unusual Items | -58.00M | |||||
| Pretax Income | 5.86B | 1.66B | -718.00M | -75.00M | 6.57B | 4.69B |
| Income Tax Expense | 2.06B | 584.00M | 205.00M | 237.00M | 2.50B | 1.52B |
| Earnings From Continuing Operations | 3.80B | 1.07B | -923.00M | -312.00M | 4.07B | 3.17B |
| Earnings From Discontinued Operations | 1.21B | 2.62B | -772.00M | -255.00M | ||
| Net Income to Company | 3.80B | 1.07B | 283.00M | 2.31B | 3.30B | 2.92B |
| Minority Interest in Earnings | 10.00M | 329.00M | 123.00M | 101.00M | 19.00M | -47.00M |
| Net Income | 3.81B | 1.40B | 406.00M | 2.41B | 3.32B | 2.87B |
| Net Income to Common | 3.81B | 1.40B | 406.00M | 2.41B | 3.32B | 2.87B |
| Shares Outstanding (Basic) | 489.58M | 493.78M | 516.01M | 517.83M | 526.72M | 532.34M |
| Shares Outstanding (Diluted) | 491.08M | 495.35M | 516.01M | 517.83M | 535.85M | 540.27M |
| EPS (Basic) | 7.78 | 2.84 | 0.79 | 4.65 | 6.30 | 5.39 |
| EPS (Diluted) | 7.76 | 2.83 | 0.79 | 4.65 | 6.19 | 5.31 |
| Free Cash Flow | 2.53B | -583.00M | 155.00M | -256.00M | 2.52B | 105.00M |
| Free Cash Flow Per Share | 5.15 | -1.18 | 0.30 | -0.49 | 4.70 | 0.19 |
| Dividend Per Share | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.20 |
| Gross Margin | 40.09% | 24.70% | 17.73% | 17.17% | 49.50% | 40.84% |
| Operating Margin | 37.07% | 20.42% | 10.29% | 0.48% | 39.57% | 38.00% |
| Profit Margin | 25.19% | 13.03% | 4.48% | 37.20% | 19.16% | 22.47% |
| Free Cash Flow Margin | 16.74% | -5.42% | 1.71% | -3.95% | 14.54% | 0.82% |
| EBITDA | 7.61B | 4.02B | 2.64B | 905.00M | 8.52B | 6.11B |
| EBITDA Margin | 50.31% | 37.39% | 29.16% | 13.98% | 49.21% | 47.83% |
| D&A For EBITDA | 2.00B | 1.83B | 1.71B | 874.00M | 1.67B | 1.25B |
| EBIT | 5.61B | 2.20B | 933.00M | 31.00M | 6.85B | 4.85B |
| EBIT Margin | 37.07% | 20.42% | 10.29% | 0.48% | 39.57% | 38.00% |
| Effective Tax Rate | 35.20% | 35.27% | 38.01% | 32.38% |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.68B | 5.01B | 7.59B | 744.00M | 1.88B | 1.43B |
| Cash & Short-Term Investments | 6.68B | 5.01B | 7.59B | 744.00M | 1.88B | 1.43B |
| Accounts Receivable | 3.04B | 2.56B | 1.66B | 2.10B | 1.53B | 1.98B |
| Other Receivables | 33.00M | 317.00M | 267.00M | 94.00M | 92.00M | 6.00M |
| Receivables | 3.07B | 2.88B | 1.93B | 2.19B | 1.62B | 1.99B |
| Inventory | 2.97B | 2.75B | 2.60B | 2.95B | 2.69B | 2.39B |
| Prepaid Expenses | 560.00M | 463.00M | 447.00M | 580.00M | 535.00M | 294.00M |
| Other Current Assets | 60.00M | 14.00M | 5.00M | 1.57B | 5.00M | |
| Total Current Assets | 13.29B | 11.16B | 12.57B | 6.46B | 8.29B | 6.10B |
| Property, Plant & Equipment | 32.36B | 29.72B | 30.57B | 45.56B | 40.09B | 37.38B |
| Long-Term Investments | 1.31B | 1.82B | 1.74B | 1.51B | 1.50B | 1.24B |
| Goodwill | 436.00M | 421.00M | 442.00M | 1.11B | 1.12B | 1.09B |
| Other Intangible Assets | 156.00M | 169.00M | 196.00M | 345.00M | 400.00M | 395.00M |
| Long-Term Deferred Tax Assets | 760.00M | 931.00M | 572.00M | 65.00M | 75.00M | 161.00M |
| Other Long-Term Assets | 1.95B | 1.21B | 949.00M | 1.13B | 875.00M | 998.00M |
| Total Assets | 50.26B | 45.44B | 47.04B | 56.19B | 52.36B | 47.37B |
| Accounts Payable | 3.58B | 1.92B | 1.55B | 2.31B | 1.90B | 1.65B |
| Accrued Expenses | 956.00M | 991.00M | 704.00M | 776.00M | 718.00M | |
| Short-Term Debt | 126.00M | 71.00M | ||||
| Current Portion of Long-Term Debt | 417.00M | 403.00M | 423.00M | 389.00M | 545.00M | 213.00M |
| Current Portion of Leases | 175.00M | 169.00M | 175.00M | 195.00M | 132.00M | 127.00M |
| Current Income Taxes Payable | 313.00M | 182.00M | 850.00M | 1.18B | 104.00M | 165.00M |
| Current Unearned Revenue | 27.00M | 19.00M | 30.00M | |||
| Other Current Liabilities | 252.00M | 775.00M | 384.00M | 960.00M | 2.32B | 854.00M |
| Total Current Liabilities | 4.74B | 4.40B | 4.37B | 5.89B | 5.86B | 3.76B |
| Long-Term Debt | 8.40B | 8.25B | 8.59B | 9.52B | 8.83B | 8.42B |
| Long-Term Leases | 772.00M | 789.00M | 776.00M | 866.00M | 439.00M | 567.00M |
| Pension & Post-Retirement Benefits | 363.00M | 351.00M | 373.00M | 445.00M | 420.00M | 517.00M |
| Long-Term Deferred Tax Liabilities | 2.68B | 2.46B | 2.29B | 6.19B | 6.78B | 5.97B |
| Other Long-Term Liabilities | 3.15B | 3.18B | 3.54B | 4.99B | 3.52B | 4.35B |
| Total Liabilities | 20.10B | 19.43B | 19.94B | 27.90B | 25.85B | 23.59B |
| Common Stock | 6.36B | 6.23B | 6.44B | 6.46B | 6.14B | 6.21B |
| Additional Paid-In Capital | 162.00M | 185.00M | 178.00M | 213.00M | 207.00M | 253.00M |
| Retained Earnings | 20.61B | 17.45B | 17.06B | 19.62B | 18.07B | 16.34B |
| Comprehensive Income & Other | 2.05B | 1.23B | 2.40B | 693.00M | 1.06B | 202.00M |
| Total Common Equity | 29.18B | 25.10B | 26.08B | 26.99B | 25.47B | 23.00B |
| Minority Interest | 981.00M | 911.00M | 1.02B | 1.30B | 1.04B | 768.00M |
| Shareholders' Equity | 30.16B | 26.01B | 27.10B | 28.29B | 26.51B | 23.77B |
| Total Liabilities & Equity | 50.26B | 45.44B | 47.04B | 56.19B | 52.36B | 47.37B |
| Total Debt | 9.76B | 9.61B | 9.96B | 11.09B | 10.02B | 9.33B |
| Net Cash (Debt) | -3.08B | -4.01B | -1.86B | -9.95B | -7.77B | -7.73B |
| Net Cash Per Share | -6.27 | -8.09 | -3.61 | -19.22 | -14.50 | -14.30 |
| Filing Date Shares Outstanding | 491.00M | 488.48M | 503.30M | 517.80M | 514.10M | 534.70M |
| Total Common Shares Outstanding | 490.90M | 488.48M | 506.34M | 517.80M | 513.72M | 534.21M |
| Working Capital | 8.55B | 6.76B | 8.20B | 573.00M | 2.43B | 2.34B |
| Book Value Per Share | 59.43 | 51.38 | 51.50 | 52.12 | 49.59 | 43.06 |
| Tangible Book Value | 28.58B | 24.51B | 25.44B | 25.54B | 23.95B | 21.52B |
| Tangible Book Value Per Share | 58.23 | 50.17 | 50.24 | 49.31 | 46.63 | 40.28 |
| Land | 29.39B | 29.31B | 32.53B | 18.57B | 18.72B | |
| Construction In Progress | 1.60B | 1.35B | 4.36B | 14.31B | 9.93B |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.81B | 1.40B | 406.00M | 2.41B | 3.32B | 2.87B |
| Depreciation & Amortization | 2.08B | 1.90B | 1.85B | 1.02B | 1.81B | 1.42B |
| Loss (Gain) From Sale of Assets | -109.00M | -183.00M | -21.00M | |||
| Asset Writedown & Restructuring Costs | -888.00M | 1.05B | ||||
| Other Operating Activities | 1.40B | -848.00M | -2.60B | -3.27B | 2.54B | 1.37B |
| Change in Accounts Receivable | -957.00M | -957.00M | -347.00M | -123.00M | 478.00M | -670.00M |
| Change in Inventory | -290.00M | -290.00M | -374.00M | -439.00M | -421.00M | -412.00M |
| Change in Accounts Payable | 408.00M | 408.00M | 474.00M | 272.00M | 237.00M | 303.00M |
| Change in Other Net Operating Assets | 137.00M | -139.00M | -29.00M | -253.00M | -401.00M | -105.00M |
| Operating Cash Flow | 5.59B | 1.48B | 2.79B | 4.08B | 7.98B | 4.74B |
| Capital Expenditures | -3.06B | -2.06B | -2.63B | -4.34B | -5.46B | -4.63B |
| Sale of Property, Plant & Equipment | 1.05B | |||||
| Divestitures | 9.48B | |||||
| Investment in Securities | 55.00M | -99.00M | -13.00M | -123.00M | -86.00M | -106.00M |
| Other Investing Activities | 228.00M | 251.00M | -662.00M | -1.34B | -129.00M | -80.00M |
| Investing Cash Flow | -2.78B | -1.91B | 6.17B | -4.76B | -5.68B | -4.82B |
| Long-Term Debt Issued | 784.00M | 729.00M | 1.52B | 1.47B | 1.97B | |
| Long-Term Debt Repaid | -845.00M | -2.62B | -789.00M | -1.46B | -620.00M | |
| Lease Payments | -154.00M | -112.00M | -68.00M | -79.00M | -138.00M | -130.00M |
| Net Debt Issued (Repaid) | -254.00M | -61.00M | -1.89B | 733.00M | 7.00M | 1.34B |
| Issuance of Common Stock | 101.00M | 26.00M | 172.00M | 63.00M | 234.00M | 50.00M |
| Repurchase of Common Stock | -1.01B | -1.24B | -250.00M | -1.39B | ||
| Common Dividends Paid | -244.00M | -246.00M | -514.00M | -515.00M | -266.00M | -106.00M |
| Other Financing Activities | -627.00M | -554.00M | 905.00M | -500.00M | -307.00M | -233.00M |
| Financing Cash Flow | -1.02B | -1.85B | -2.56B | -469.00M | -1.99B | 1.06B |
| Foreign Exchange Rate Adjustments | 131.00M | -298.00M | 445.00M | -32.00M | 178.00M | 2.00M |
| Miscellaneous Cash Flow Adjustments | 35.00M | -35.00M | ||||
| Net Cash Flow | 1.92B | -2.58B | 6.84B | -1.14B | 456.00M | 977.00M |
| Free Cash Flow | 2.53B | -583.00M | 155.00M | -256.00M | 2.52B | 105.00M |
| Free Cash Flow Margin | 16.74% | -5.42% | 1.71% | -3.95% | 14.54% | 0.82% |
| Free Cash Flow Per Share | 5.15 | -1.18 | 0.30 | -0.49 | 4.70 | 0.19 |
| Levered Free Cash Flow | 2.32B | -247.38M | -1.25B | -2.45B | 840.00M | -762.62M |
| Unlevered Free Cash Flow | 2.72B | 174.50M | -789.88M | -2.46B | 827.50M | -775.12M |
| Free Cash Flow After Leases | 2.38B | -695.00M | 87.00M | -335.00M | 2.38B | -25.00M |
| Cash Interest Paid | 678.00M | 686.00M | 863.00M | 722.00M | 459.00M | 380.00M |
| Cash Income Tax Paid | 1.05B | 1.24B | 1.83B | 990.00M | 1.22B | 849.00M |
| Change in Working Capital | -702.00M | -978.00M | -276.00M | -543.00M | -107.00M | -884.00M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 29.74B | 23.40B | 20.73B | 22.06B | 19.37B | 15.36B |
| Enterprise Value | 32.65B | 27.60B | 22.95B | 30.16B | 25.45B | 22.82B |
| Last Close Price | 60.61 | 47.67 | 39.99 | 41.05 | 36.02 | 26.92 |
| PE Ratio | 10.92 | 22.90 | 73.46 | 12.09 | 7.90 | 6.78 |
| PS Ratio | 2.79 | 2.98 | 3.29 | 4.50 | 1.51 | 1.52 |
| PB Ratio | 1.40 | 1.23 | 1.10 | 1.03 | 0.99 | 0.82 |
| P/TBV Ratio | 1.48 | 1.31 | 1.17 | 1.14 | 1.09 | 0.90 |
| P/FCF Ratio | 16.42 | 192.41 | 10.41 | 185.14 | ||
| P/OCF Ratio | 7.43 | 21.69 | 10.69 | 7.13 | 3.28 | 4.10 |
| EV/Sales Ratio | 3.06 | 3.52 | 3.64 | 6.15 | 1.99 | 2.26 |
| EV/EBITDA Ratio | 6.09 | 9.41 | 12.49 | 44.01 | 4.04 | 4.73 |
| EV/EBIT Ratio | 8.27 | 17.23 | 35.39 | 1,284.77 | 5.03 | 5.95 |
| EV/FCF Ratio | 18.03 | 213.03 | 13.68 | 275.07 | ||
| Debt / Equity Ratio | 0.32 | 0.37 | 0.37 | 0.39 | 0.38 | 0.39 |
| Debt / EBITDA Ratio | 1.27 | 2.34 | 3.58 | 10.54 | 1.16 | 1.49 |
| Debt / FCF Ratio | 3.86 | 64.29 | 3.98 | 88.87 | ||
| Net Debt / Equity Ratio | 0.10 | 0.15 | 0.07 | 0.35 | 0.29 | 0.33 |
| Net Debt / EBITDA Ratio | 0.41 | 1.00 | 0.71 | 11.00 | 0.91 | 1.26 |
| Net Debt / FCF Ratio | 1.22 | -6.87 | 12.03 | -38.87 | 3.09 | 73.58 |
| Asset Turnover | 0.32 | 0.23 | 0.18 | 0.12 | 0.35 | 0.29 |
| Inventory Turnover | 3.23 | 3.03 | 2.69 | 1.91 | 3.45 | 3.54 |
| Quick Ratio | 2.06 | 1.79 | 2.18 | 0.50 | 0.60 | 0.91 |
| Current Ratio | 2.80 | 2.54 | 2.88 | 1.10 | 1.41 | 1.62 |
| Return on Equity (ROE) | 13.58% | 4.04% | -3.33% | -1.14% | 16.19% | 14.25% |
| Return on Assets (ROA) | 7.39% | 2.97% | 1.13% | 0.04% | 8.59% | 6.84% |
| Return on Invested Capital (ROIC) | 11.08% | 4.73% | 2.74% | 0.08% | 12.81% | 10.97% |
| Return on Capital Employed (ROCE) | 12.30% | 5.40% | 2.20% | 0.10% | 14.70% | 11.10% |
| Earnings Yield | 9.16% | 4.37% | 1.36% | 8.27% | 12.65% | 14.75% |
| FCF Yield | 6.09% | -1.82% | 0.52% | -0.88% | 9.60% | 0.54% |
| Dividend Yield | 0.60% | 0.76% | 0.85% | 0.89% | 0.98% | 0.55% |
| Payout Ratio | 6.50% | 17.56% | 126.60% | 21.38% | 8.02% | 3.70% |
| Buyback Yield / Dilution | 1.86% | 4.00% | 0.35% | 3.36% | 0.82% | -1.10% |
| Total Shareholder Return | 2.46% | 4.76% | 1.20% | 4.25% | 1.80% | -0.55% |