NYSE : TK
Teekay Corporation Ltd. — Financial statements
Energy · Oil & Gas Midstream · Bermuda
Last price 14.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.30B
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Financial statements
Teekay Corporation Ltd. (TK) reported revenue of 1.15B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.15B | 949.52M | 1.22B | 1.46B | 1.19B | 682.51M |
| Cost of Revenue | 570.97M | 601.49M | 732.93M | 786.79M | 798.12M | 626.15M |
| Gross Profit | 580.15M | 348.03M | 487.44M | 678.18M | 392.07M | 56.36M |
| Selling, General & Admin | 52.40M | 54.77M | 61.06M | 61.21M | 57.55M | 74.39M |
| Operating Expenses | 137.85M | 141.40M | 154.64M | 158.76M | 156.59M | 180.47M |
| Operating Income | 442.30M | 206.64M | 332.80M | 519.42M | 235.48M | -124.11M |
| Interest Expense | -2.63M | -2.90M | -7.54M | -27.55M | -34.89M | -67.28M |
| Interest & Investment Income | 39.25M | 36.17M | 37.22M | 24.13M | 6.69M | 169.00K |
| Earnings From Equity Investments | 10.23M | 9.62M | 2.77M | 3.43M | 244.00K | -14.11M |
| Currency Exchange Gain (Loss) | 951.00K | 303.00K | 2.41M | 1.43M | 3.00M | -2.41M |
| Other Non Operating Income (Expenses) | -972.00K | -63.00K | 526.00K | 38.00K | 2.94M | -13.44M |
| EBT Excluding Unusual Items | 489.12M | 249.76M | 368.18M | 520.90M | 213.46M | -221.19M |
| Merger & Restructuring Charges | -5.57M | -5.63M | -1.68M | -11.58M | -1.82M | |
| Gain (Loss) on Sale of Investments | 6.57M | 1.46M | 1.40M | |||
| Gain (Loss) on Sale of Assets | 104.48M | 102.50M | 39.50M | 10.40M | 22.40M | |
| Asset Writedown | 47.00K | -755.00K | -1.42M | -40.00K | -537.00K | -92.37M |
| Other Unusual Items | -12.69M | 32.95M | ||||
| Pretax Income | 600.22M | 347.40M | 402.02M | 529.59M | 211.05M | -282.43M |
| Income Tax Expense | 5.61M | -4.58M | 405.00K | 12.16M | 1.42M | -4.96M |
| Earnings From Continuing Operations | 594.61M | 351.99M | 401.62M | 517.42M | 209.64M | -277.46M |
| Earnings From Discontinued Operations | -20.28M | 274.10M | ||||
| Net Income to Company | 594.61M | 351.99M | 401.62M | 517.42M | 189.36M | -3.37M |
| Minority Interest in Earnings | -412.94M | -253.87M | -267.85M | -366.78M | -110.95M | 11.17M |
| Net Income | 181.67M | 98.11M | 133.77M | 150.64M | 78.41M | 7.81M |
| Net Income to Common | 181.67M | 98.11M | 133.77M | 150.64M | 78.41M | 7.81M |
| Shares Outstanding (Basic) | 87.17M | 86.04M | 91.29M | 94.48M | 102.12M | 102.15M |
| Shares Outstanding (Diluted) | 87.60M | 86.71M | 93.28M | 96.64M | 104.42M | 102.15M |
| EPS (Basic) | 2.08 | 1.14 | 1.47 | 1.59 | 0.77 | 0.08 |
| EPS (Diluted) | 2.07 | 1.13 | 1.42 | 1.54 | 0.57 | 0.08 |
| Free Cash Flow | 328.48M | 108.51M | 391.84M | 619.62M | 183.72M | 56.67M |
| Free Cash Flow Per Share | 3.75 | 1.25 | 4.20 | 6.41 | 1.76 | 0.56 |
| Gross Margin | 50.40% | 36.65% | 39.94% | 46.29% | 32.94% | 8.26% |
| Operating Margin | 38.42% | 21.76% | 27.27% | 35.46% | 19.79% | -18.19% |
| Profit Margin | 15.78% | 10.33% | 10.96% | 10.28% | 6.59% | 1.14% |
| Free Cash Flow Margin | 28.54% | 11.43% | 32.11% | 42.30% | 15.44% | 8.30% |
| EBITDA | 506.05M | 271.56M | 403.20M | 591.73M | 307.85M | -45.15M |
| EBITDA Margin | 43.96% | 28.60% | 33.04% | 40.39% | 25.87% | -6.62% |
| D&A For EBITDA | 63.75M | 64.93M | 70.40M | 72.31M | 72.37M | 78.96M |
| EBIT | 442.30M | 206.64M | 332.80M | 519.42M | 235.48M | -124.11M |
| EBIT Margin | 38.42% | 21.76% | 27.27% | 35.46% | 19.79% | -18.19% |
| Effective Tax Rate | 0.94% | 0.10% | 2.30% | 0.67% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 791.41M | 940.74M | 685.33M | 480.08M | 309.86M | 108.98M |
| Short-Term Investments | 476.58M | 32.00M | 32.44M | 172.60M | 210.00M | |
| Cash & Short-Term Investments | 1.27B | 972.74M | 717.77M | 652.68M | 519.86M | 108.98M |
| Accounts Receivable | 124.92M | 135.17M | 140.92M | 187.82M | 223.76M | 116.46M |
| Receivables | 124.92M | 135.17M | 140.92M | 187.82M | 223.76M | 116.46M |
| Inventory | 37.79M | 29.41M | 45.99M | 53.22M | 60.83M | 49.03M |
| Prepaid Expenses | 13.73M | 16.99M | 12.83M | 15.62M | 15.44M | 14.02M |
| Restricted Cash | 3.65M | 692.00K | 3.67M | 691.00K | 3.71M | 2.23M |
| Other Current Assets | 76.79M | 42.19M | 5.87M | 11.91M | 4.85B | |
| Total Current Assets | 1.52B | 1.20B | 927.06M | 921.95M | 823.61M | 5.14B |
| Property, Plant & Equipment | 1.05B | 1.04B | 1.18B | 1.23B | 1.30B | 1.35B |
| Long-Term Investments | 16.00M | 15.73M | 17.82M | 13.62M | ||
| Goodwill | 2.40M | 2.40M | 2.40M | 2.40M | 2.40M | |
| Other Intangible Assets | 10.90M | 26.00K | 333.00K | 700.00K | 1.10M | 1.49M |
| Long-Term Deferred Tax Assets | 6.01M | 4.10M | 2.16M | 1.25M | 2.74M | |
| Other Long-Term Assets | 57.47M | 115.80M | 18.95M | 19.17M | 22.41M | 21.77M |
| Total Assets | 2.65B | 2.36B | 2.15B | 2.20B | 2.16B | 6.53B |
| Accounts Payable | 31.39M | 20.00M | 25.71M | 33.95M | 47.37M | 41.08M |
| Accrued Expenses | 78.14M | 73.64M | 69.62M | 73.32M | 78.30M | 93.73M |
| Short-Term Debt | 25.00M | |||||
| Current Portion of Long-Term Debt | 21.18M | 255.42M | ||||
| Current Portion of Leases | 16.58M | 21.11M | 24.88M | 58.93M | 78.98M | 38.56M |
| Current Unearned Revenue | 6.60M | 5.80M | 2.50M | 3.40M | 1.65M | 852.00K |
| Other Current Liabilities | 14.47M | 14.16M | 9.88M | 3.22M | 4.79M | 2.88B |
| Total Current Liabilities | 147.17M | 134.71M | 132.58M | 172.82M | 232.27M | 3.34B |
| Long-Term Debt | 416.17M | |||||
| Long-Term Leases | 20.92M | 25.27M | 37.41M | 168.28M | 509.99M | 280.98M |
| Pension & Post-Retirement Benefits | 3.98M | 4.82M | 5.09M | 6.59M | 6.19M | 7.42M |
| Other Long-Term Liabilities | 43.95M | 32.67M | 42.86M | 48.60M | 46.78M | 56.43M |
| Total Liabilities | 216.03M | 197.47M | 217.95M | 396.29M | 795.24M | 4.10B |
| Common Stock | 887.70M | 879.56M | 876.63M | 945.47M | 1.02B | 1.05B |
| Retained Earnings | -127.03M | -155.03M | -166.87M | -213.19M | -396.61M | -513.24M |
| Comprehensive Income & Other | -1.97M | -25.51M | ||||
| Total Common Equity | 760.67M | 724.53M | 709.76M | 732.28M | 623.46M | 515.05M |
| Minority Interest | 1.67B | 1.44B | 1.23B | 1.07B | 746.14M | 1.92B |
| Shareholders' Equity | 2.43B | 2.16B | 1.94B | 1.80B | 1.37B | 2.43B |
| Total Liabilities & Equity | 2.65B | 2.36B | 2.15B | 2.20B | 2.16B | 6.53B |
| Total Debt | 37.50M | 46.38M | 62.29M | 227.20M | 610.16M | 1.02B |
| Net Cash (Debt) | 1.23B | 926.36M | 655.48M | 425.48M | -90.30M | -907.17M |
| Net Cash Per Share | 14.05 | 10.68 | 7.03 | 4.40 | -0.86 | -8.88 |
| Filing Date Shares Outstanding | 87.69M | 86.78M | 83.54M | 91.01M | 98.32M | 101.57M |
| Total Common Shares Outstanding | 87.69M | 86.06M | 84.06M | 91.01M | 98.32M | 101.57M |
| Working Capital | 1.38B | 1.06B | 794.48M | 749.13M | 591.33M | 1.80B |
| Book Value Per Share | 8.67 | 8.42 | 8.44 | 8.05 | 6.34 | 5.07 |
| Tangible Book Value | 749.77M | 722.10M | 707.03M | 729.18M | 619.96M | 511.16M |
| Tangible Book Value Per Share | 8.55 | 8.39 | 8.41 | 8.01 | 6.31 | 5.03 |
| Machinery | 1.53B | 1.49B | 1.70B | 1.37B | 601.79M | 1.20B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 181.67M | 98.11M | 133.77M | 150.64M | 78.41M | 7.81M |
| Depreciation & Amortization | 63.75M | 64.93M | 70.40M | 72.31M | 72.37M | 78.96M |
| Other Amortization | 21.70M | 21.70M | 23.18M | 25.25M | 26.67M | 27.12M |
| Loss (Gain) From Sale of Assets | -105.33M | -102.55M | -39.48M | -10.36M | -22.36M | 2.07M |
| Asset Writedown & Restructuring Costs | 800.00K | 800.00K | 1.40M | 500.00K | 90.30M | |
| Other Operating Activities | 394.97M | 238.35M | 269.68M | 385.65M | 149.01M | -284.75M |
| Change in Accounts Receivable | 5.75M | 5.75M | 35.23M | 23.04M | -80.89M | 83.46M |
| Change in Accounts Payable | -5.71M | -5.71M | -8.25M | -13.42M | 6.29M | -77.97M |
| Change in Other Net Operating Assets | -22.50M | -19.62M | -18.75M | -3.29M | -57.71M | -68.90M |
| Operating Cash Flow | 535.10M | 301.77M | 467.19M | 629.82M | 199.15M | 78.12M |
| Capital Expenditures | -206.63M | -193.25M | -75.34M | -10.20M | -15.43M | -21.45M |
| Sale of Property, Plant & Equipment | 286.30M | 345.18M | 88.78M | 23.56M | 82.62M | 58.09M |
| Divestitures | 454.79M | |||||
| Investment in Securities | -362.22M | 27.52M | 144.06M | 41.30M | -213.00M | 1.50M |
| Other Investing Activities | -99.02M | -99.02M | -30.97M | |||
| Investing Cash Flow | -381.56M | 80.43M | 157.50M | 54.66M | 308.98M | 7.17M |
| Short-Term Debt Issued | 50.00M | 134.00M | 50.00M | |||
| Long-Term Debt Issued | 288.11M | 361.39M | ||||
| Total Debt Issued | 50.00M | 422.11M | 411.39M | |||
| Short-Term Debt Repaid | -50.00M | -159.00M | -35.00M | |||
| Long-Term Debt Repaid | -142.17M | -420.50M | -722.23M | -354.22M | ||
| Total Debt Repaid | -142.17M | -470.50M | -881.23M | -389.22M | ||
| Net Debt Issued (Repaid) | -142.17M | -420.50M | -459.12M | 22.18M | ||
| Issuance of Common Stock | 17.48M | 13.19M | 5.74M | 5.83M | ||
| Repurchase of Common Stock | -4.95M | -66.28M | -50.71M | -15.37M | ||
| Common Dividends Paid | -87.36M | |||||
| Other Financing Activities | -54.86M | -52.74M | -128.72M | -55.04M | 17.54M | -247.83M |
| Financing Cash Flow | -210.01M | -129.77M | -416.45M | -520.41M | -456.95M | -225.66M |
| Net Cash Flow | -56.46M | 252.42M | 208.23M | 164.06M | 51.19M | -140.37M |
| Free Cash Flow | 328.48M | 108.51M | 391.84M | 619.62M | 183.72M | 56.67M |
| Free Cash Flow Margin | 28.54% | 11.43% | 32.11% | 42.30% | 15.44% | 8.30% |
| Free Cash Flow Per Share | 3.75 | 1.25 | 4.20 | 6.41 | 1.76 | 0.56 |
| Levered Free Cash Flow | 137.21M | 15.84M | 281.81M | 418.54M | 2.05B | -2.27B |
| Unlevered Free Cash Flow | 138.85M | 17.65M | 286.53M | 435.76M | 2.07B | -2.23B |
| Cash Interest Paid | 1.90M | 1.90M | 5.70M | 20.90M | 38.70M | 64.50M |
| Cash Income Tax Paid | 7.60M | 7.60M | 6.20M | 5.70M | 700.00K | |
| Change in Working Capital | -22.46M | -19.58M | 8.23M | 6.34M | -132.30M | -63.41M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.30B | 769.98M | 607.71M | 650.29M | 455.82M | 318.94M |
| Enterprise Value | 72.60M | 1.19B | 1.13B | 1.38B | 1.29B | 5.77B |
| Last Close Price | 14.86 | 8.35 | 5.64 | 5.06 | 3.21 | 2.22 |
| PE Ratio | 7.20 | 7.85 | 4.54 | 4.32 | 5.81 | 40.86 |
| Forward PE | 6.22 | 6.22 | 6.22 | 6.22 | 6.22 | |
| PS Ratio | 1.13 | 0.81 | 0.50 | 0.44 | 0.38 | 0.47 |
| PB Ratio | 1.71 | 0.36 | 0.31 | 0.36 | 0.33 | 0.13 |
| P/TBV Ratio | 1.74 | 1.07 | 0.86 | 0.89 | 0.73 | 0.62 |
| P/FCF Ratio | 3.97 | 7.10 | 1.55 | 1.05 | 2.48 | 5.63 |
| P/OCF Ratio | 2.44 | 2.55 | 1.30 | 1.03 | 2.29 | 4.08 |
| PEG Ratio | 1.73 | 1.73 | 1.73 | 1.73 | 1.73 | |
| EV/Sales Ratio | 0.06 | 1.25 | 0.93 | 0.94 | 1.08 | 8.46 |
| EV/EBITDA Ratio | 0.14 | 4.38 | 2.80 | 2.32 | 4.18 | |
| EV/EBIT Ratio | 0.16 | 5.76 | 3.40 | 2.65 | 5.47 | |
| EV/FCF Ratio | 0.22 | 10.97 | 2.88 | 2.22 | 7.00 | 101.84 |
| Debt / Equity Ratio | 0.01 | 0.02 | 0.03 | 0.13 | 0.45 | 0.42 |
| Debt / EBITDA Ratio | 0.07 | 0.15 | 0.13 | 0.34 | 1.82 | |
| Debt / FCF Ratio | 0.11 | 0.43 | 0.16 | 0.37 | 3.32 | 17.93 |
| Net Debt / Equity Ratio | -0.51 | -0.43 | -0.34 | -0.24 | 0.07 | 0.37 |
| Net Debt / EBITDA Ratio | -2.43 | -3.41 | -1.63 | -0.72 | 0.29 | -20.09 |
| Net Debt / FCF Ratio | -3.75 | -8.54 | -1.67 | -0.69 | 0.49 | 16.01 |
| Asset Turnover | 0.47 | 0.42 | 0.56 | 0.67 | 0.27 | 0.10 |
| Inventory Turnover | 15.93 | 15.96 | 14.78 | 13.80 | 14.53 | |
| Quick Ratio | 9.46 | 8.22 | 6.48 | 4.86 | 3.20 | 0.07 |
| Current Ratio | 10.36 | 8.89 | 6.99 | 5.33 | 3.55 | 1.54 |
| Return on Equity (ROE) | 27.11% | 17.18% | 21.50% | 32.65% | 11.03% | -11.32% |
| Return on Assets (ROA) | 11.28% | 5.72% | 9.56% | 14.89% | 3.38% | -1.15% |
| Return on Invested Capital (ROIC) | 36.49% | 16.43% | 25.05% | 35.80% | 9.75% | -3.72% |
| Return on Capital Employed (ROCE) | 17.70% | 9.30% | 16.50% | 25.70% | 12.20% | -3.90% |
| Earnings Yield | 13.90% | 12.74% | 22.01% | 23.16% | 17.20% | 2.45% |
| FCF Yield | 25.21% | 14.09% | 64.48% | 95.28% | 40.31% | 17.77% |
| Buyback Yield / Dilution | 1.40% | 7.04% | 3.49% | 7.44% | -2.22% | -1.08% |
| Total Shareholder Return | 8.13% | 7.04% | 3.49% | 7.44% | -2.22% | -1.08% |