NYSE : TNK
Teekay Tankers Ltd. — Financial statements
Energy · Oil & Gas Midstream · Bermuda
Last price 100.8 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 3.50B
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Financial statements
Teekay Tankers Ltd. (TNK) 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 996.43M | 808.65M | 1.09B | 1.35B | 1.05B | 532.05M |
| Other Revenue | 156.47M | 143.14M | 136.46M | 121.06M | 123.96M | 10.31M |
| Revenue | 1.15B | 951.80M | 1.23B | 1.47B | 1.18B | 542.37M |
| Cost of Revenue | 572.64M | 603.59M | 741.46M | 794.48M | 772.95M | 494.30M |
| Gross Profit | 580.25M | 348.21M | 487.88M | 679.22M | 405.00M | 48.07M |
| Selling, General & Admin | 48.01M | 46.57M | 46.60M | 47.27M | 41.11M | 43.72M |
| Operating Expenses | 133.46M | 133.20M | 140.19M | 144.82M | 140.15M | 149.80M |
| Operating Income | 446.80M | 215.01M | 347.69M | 534.40M | 264.86M | -101.73M |
| Interest Expense | -2.63M | -2.90M | -7.47M | -27.25M | -32.06M | -33.89M |
| Interest & Investment Income | 34.69M | 29.69M | 24.08M | 10.95M | 1.46M | 122.00K |
| Earnings From Equity Investments | 10.23M | 9.62M | 2.77M | 3.43M | 244.00K | -14.11M |
| Currency Exchange Gain (Loss) | 971.00K | 476.00K | 2.84M | 2.81M | 5.59M | 302.00K |
| Other Non Operating Income (Expenses) | -1.11M | -183.00K | 318.00K | 274.00K | 402.00K | -2.63M |
| EBT Excluding Unusual Items | 488.94M | 251.71M | 370.22M | 524.62M | 240.50M | -151.94M |
| Merger & Restructuring Charges | -5.57M | -5.63M | -1.60M | -9.92M | ||
| Gain (Loss) on Sale of Investments | 6.57M | 1.46M | 1.40M | |||
| Gain (Loss) on Sale of Assets | 102.54M | 100.50M | 39.50M | 10.40M | 9.39M | -2.10M |
| Asset Writedown | 6.00K | -841.00K | -1.42M | -40.00K | -2.30M | -90.27M |
| Legal Settlements | 1.70M | |||||
| Other Unusual Items | -2.60M | |||||
| Pretax Income | 598.06M | 347.26M | 404.07M | 532.48M | 237.66M | -244.30M |
| Income Tax Expense | 6.05M | -3.92M | 405.00K | 12.59M | 2.24M | -1.93M |
| Net Income | 592.00M | 351.19M | 403.67M | 519.89M | 235.43M | -242.37M |
| Net Income to Common | 592.00M | 351.19M | 403.67M | 519.89M | 235.43M | -242.37M |
| Shares Outstanding (Basic) | 34.73M | 34.60M | 34.41M | 34.16M | 34.00M | 33.86M |
| Shares Outstanding (Diluted) | 34.88M | 34.78M | 34.71M | 34.57M | 34.29M | 33.86M |
| EPS (Basic) | 17.05 | 10.15 | 11.73 | 15.22 | 6.92 | -7.16 |
| EPS (Diluted) | 16.97 | 10.10 | 11.63 | 15.04 | 6.87 | -7.16 |
| Free Cash Flow | 333.50M | 112.64M | 396.57M | 621.05M | 184.26M | -128.76M |
| Free Cash Flow Per Share | 9.56 | 3.24 | 11.43 | 17.97 | 5.37 | -3.80 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | ||
| Gross Margin | 50.33% | 36.58% | 39.69% | 46.09% | 34.38% | 8.86% |
| Operating Margin | 38.75% | 22.59% | 28.28% | 36.26% | 22.48% | -18.76% |
| Profit Margin | 51.35% | 36.90% | 32.84% | 35.28% | 19.99% | -44.69% |
| Free Cash Flow Margin | 28.93% | 11.83% | 32.26% | 42.14% | 15.64% | -23.74% |
| EBITDA | 510.55M | 279.94M | 418.10M | 606.71M | 337.22M | -22.77M |
| EBITDA Margin | 44.28% | 29.41% | 34.01% | 41.17% | 28.63% | -4.20% |
| D&A For EBITDA | 63.75M | 64.93M | 70.40M | 72.31M | 72.37M | 78.96M |
| EBIT | 446.80M | 215.01M | 347.69M | 534.40M | 264.86M | -101.73M |
| EBIT Margin | 38.75% | 22.59% | 28.28% | 36.26% | 22.48% | -18.76% |
| Effective Tax Rate | 1.01% | 0.10% | 2.37% | 0.94% | ||
| Revenue as Reported | 1.15B | 951.80M | 1.23B | 1.47B | 1.18B | 542.37M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 735.01M | 830.57M | 511.89M | 391.46M | 180.51M | 50.57M |
| Short-Term Investments | 476.58M | 22.00M | 22.44M | |||
| Trading Asset Securities | 2.09M | |||||
| Cash & Short-Term Investments | 1.21B | 852.57M | 534.33M | 391.46M | 182.60M | 50.57M |
| Accounts Receivable | 124.77M | 134.79M | 140.04M | 184.67M | 199.63M | 89.81M |
| Other Receivables | 1.82M | 2.80M | 5.23M | 9.91M | 2.49M | |
| Receivables | 126.60M | 137.59M | 145.28M | 194.58M | 202.12M | 89.81M |
| Inventory | 37.79M | 29.41M | 45.99M | 53.22M | 60.83M | 49.03M |
| Prepaid Expenses | 13.70M | 17.01M | 12.80M | 15.11M | 10.25M | 10.22M |
| Restricted Cash | 3.65M | 692.00K | 3.67M | 691.00K | 3.71M | 2.22M |
| Other Current Assets | 76.79M | 42.19M | 5.87M | 11.91M | 43.54M | |
| Total Current Assets | 1.47B | 1.08B | 747.94M | 666.98M | 459.51M | 245.40M |
| 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 | 2.43M | 2.43M | 2.43M | 2.43M | 2.43M | |
| Other Intangible Assets | 10.90M | 300.00K | 658.00K | 1.05M | 1.49M | |
| Long-Term Deferred Tax Assets | 5.35M | 4.10M | 2.16M | |||
| Other Long-Term Assets | 56.81M | 115.80M | 18.92M | 19.19M | 6.59M | 4.56M |
| Total Assets | 2.59B | 2.24B | 1.97B | 1.94B | 1.78B | 1.62B |
| Accounts Payable | 31.33M | 19.93M | 25.55M | 33.89M | 42.35M | 34.83M |
| Accrued Expenses | 88.70M | 85.32M | 75.82M | 71.81M | 48.61M | 43.53M |
| Short-Term Debt | 25.00M | |||||
| Current Portion of Long-Term Debt | 15.62M | |||||
| Current Portion of Leases | 16.58M | 21.11M | 24.88M | 56.40M | 76.75M | 36.42M |
| Current Unearned Revenue | 6.60M | 5.80M | 2.50M | 3.40M | 1.70M | 900.00K |
| Other Current Liabilities | 4.01M | 3.14M | 3.30M | 2.53M | 768.00K | 790.00K |
| Total Current Liabilities | 147.22M | 135.29M | 132.04M | 168.03M | 170.17M | 157.09M |
| Long-Term Debt | 304.79M | |||||
| Long-Term Leases | 20.92M | 25.27M | 37.41M | 168.28M | 499.46M | 272.32M |
| Pension & Post-Retirement Benefits | 3.98M | 4.82M | 5.09M | 6.59M | ||
| Other Long-Term Liabilities | 43.96M | 32.68M | 42.87M | 48.61M | 44.02M | 46.14M |
| Total Liabilities | 216.08M | 198.06M | 217.42M | 391.51M | 713.65M | 780.34M |
| Common Stock | 1.32B | 1.31B | 1.31B | 1.31B | 1.30B | 1.30B |
| Retained Earnings | 1.06B | 728.98M | 447.06M | 220.02M | -233.60M | -462.69M |
| Comprehensive Income & Other | 24.37M | |||||
| Shareholders' Equity | 2.38B | 2.04B | 1.76B | 1.55B | 1.07B | 838.41M |
| Total Liabilities & Equity | 2.59B | 2.24B | 1.97B | 1.94B | 1.78B | 1.62B |
| Total Debt | 37.50M | 46.38M | 62.29M | 224.68M | 576.20M | 654.15M |
| Net Cash (Debt) | 1.17B | 806.19M | 472.04M | 166.79M | -393.60M | -603.58M |
| Net Cash Per Share | 33.66 | 23.18 | 13.60 | 4.82 | -11.48 | -17.83 |
| Filing Date Shares Outstanding | 34.68M | 34.64M | 34.38M | 34.13M | 33.94M | 33.79M |
| Total Common Shares Outstanding | 34.68M | 34.55M | 34.36M | 34.09M | 33.94M | 33.79M |
| Working Capital | 1.32B | 944.17M | 615.90M | 498.95M | 289.33M | 88.31M |
| Book Value Per Share | 68.51 | 59.15 | 51.12 | 45.47 | 31.53 | 24.81 |
| Tangible Book Value | 2.36B | 2.04B | 1.75B | 1.55B | 1.07B | 834.49M |
| Tangible Book Value Per Share | 68.19 | 59.08 | 51.04 | 45.38 | 31.42 | 24.70 |
| 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 | 592.00M | 351.19M | 403.67M | 519.89M | 235.43M | -242.37M |
| 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 | -102.59M | -100.50M | -39.50M | -10.40M | -9.39M | |
| Asset Writedown & Restructuring Costs | 41.00K | 841.00K | 1.42M | 40.00K | 500.00K | 92.37M |
| Loss (Gain) From Sale of Investments | 3.71M | -3.16M | -1.44M | |||
| Loss (Gain) on Equity Investments | -10.23M | -9.62M | -2.77M | -3.43M | -244.00K | 14.11M |
| Other Operating Activities | -32.30M | -26.44M | -27.15M | 624.00K | -7.45M | -28.08M |
| Change in Accounts Receivable | 5.26M | 5.26M | 45.38M | 35.55M | -123.12M | -22.75M |
| Change in Inventory | 7.97M | 7.97M | 6.13M | 6.15M | -11.80M | -17.62M |
| Change in Accounts Payable | -3.12M | -3.12M | -9.85M | -16.27M | 21.16M | -13.93M |
| Change in Unearned Revenue | 3.23M | 3.23M | -870.00K | 1.75M | 798.00K | -3.35M |
| Change in Other Net Operating Assets | -5.58M | -9.54M | 1.86M | -3.92M | -2.06M | 9.67M |
| Operating Cash Flow | 540.13M | 305.89M | 471.91M | 631.25M | 199.69M | -107.31M |
| Capital Expenditures | -206.63M | -193.25M | -75.34M | -10.20M | -15.43M | -21.45M |
| Sale of Property, Plant & Equipment | 284.32M | 343.09M | 88.78M | 23.56M | 69.65M | 58.09M |
| Investment in Securities | -362.60M | 27.14M | -21.04M | -3.00M | ||
| Other Investing Activities | -98.64M | -98.64M | 2.50M | 3.90M | 1.50M | |
| Investing Cash Flow | -383.54M | 78.34M | -5.11M | 17.26M | 51.22M | 38.14M |
| Short-Term Debt Issued | 50.00M | 134.00M | 50.00M | |||
| Long-Term Debt Issued | 1.00M | 288.11M | 361.39M | |||
| Total Debt Issued | 51.00M | 422.11M | 411.39M | |||
| Short-Term Debt Repaid | -50.00M | -159.00M | -35.00M | |||
| Long-Term Debt Repaid | -142.17M | -399.31M | -375.14M | -354.22M | ||
| Total Debt Repaid | -142.17M | -449.31M | -534.14M | -389.22M | ||
| Net Debt Issued (Repaid) | -142.17M | -398.31M | -112.03M | 22.18M | ||
| Issuance of Common Stock | 1.40M | 1.72M | 2.90M | |||
| Common Dividends Paid | -34.74M | -34.50M | -34.27M | -29.76M | ||
| Other Financing Activities | -968.00K | -1.26M | -101.31M | -12.30M | -1.01M | -225.00K |
| Financing Cash Flow | -68.81M | -68.53M | -343.40M | -470.13M | -113.05M | 21.95M |
| Net Cash Flow | 87.79M | 315.70M | 123.41M | 178.38M | 137.86M | -47.22M |
| Free Cash Flow | 333.50M | 112.64M | 396.57M | 621.05M | 184.26M | -128.76M |
| Free Cash Flow Margin | 28.93% | 11.83% | 32.26% | 42.14% | 15.64% | -23.74% |
| Free Cash Flow Per Share | 9.56 | 3.24 | 11.43 | 17.97 | 5.37 | -3.80 |
| Levered Free Cash Flow | 228.03M | 23.28M | 291.62M | 426.52M | 162.99M | -58.43M |
| Unlevered Free Cash Flow | 229.67M | 25.09M | 296.29M | 443.55M | 183.03M | -37.25M |
| Cash Interest Paid | 1.90M | 1.90M | 5.60M | 20.20M | 29.40M | 34.30M |
| Cash Income Tax Paid | 7.40M | 7.40M | 6.20M | 5.30M | ||
| Change in Working Capital | 7.75M | 3.79M | 42.66M | 23.26M | -115.03M | -47.98M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.38B | 1.85B | 1.37B | 1.70B | 1.04B | 368.29M |
| Enterprise Value | 2.21B | 1.09B | 958.18M | 1.71B | 1.55B | 949.55M |
| Last Close Price | 100.80 | 52.22 | 37.24 | 44.65 | 26.39 | 9.34 |
| PE Ratio | 5.75 | 5.25 | 3.39 | 3.28 | 4.44 | |
| Forward PE | 4.81 | 7.13 | 4.23 | 5.03 | 3.28 | 10.48 |
| PS Ratio | 3.03 | 1.94 | 1.11 | 1.16 | 0.89 | 0.68 |
| PB Ratio | 1.47 | 0.90 | 0.78 | 1.10 | 0.98 | 0.44 |
| P/TBV Ratio | 1.48 | 0.90 | 0.78 | 1.10 | 0.98 | 0.44 |
| P/FCF Ratio | 10.48 | 16.38 | 3.45 | 2.74 | 5.67 | |
| P/OCF Ratio | 6.47 | 6.03 | 2.90 | 2.70 | 5.23 | |
| PEG Ratio | 8.83 | 8.83 | 8.83 | 8.83 | 8.83 | |
| EV/Sales Ratio | 2.01 | 1.15 | 0.78 | 1.16 | 1.32 | 1.75 |
| EV/EBITDA Ratio | 4.55 | 3.90 | 2.29 | 2.81 | 4.60 | |
| EV/EBIT Ratio | 5.20 | 5.08 | 2.76 | 3.19 | 5.86 | |
| EV/FCF Ratio | 6.96 | 9.69 | 2.42 | 2.75 | 8.42 | |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.04 | 0.14 | 0.54 | 0.78 |
| Debt / EBITDA Ratio | 0.07 | 0.14 | 0.13 | 0.33 | 1.58 | |
| Debt / FCF Ratio | 0.11 | 0.41 | 0.16 | 0.36 | 3.13 | |
| Net Debt / Equity Ratio | -0.49 | -0.39 | -0.27 | -0.11 | 0.37 | 0.72 |
| Net Debt / EBITDA Ratio | -2.30 | -2.88 | -1.13 | -0.28 | 1.17 | -26.51 |
| Net Debt / FCF Ratio | -3.52 | -7.16 | -1.19 | -0.27 | 2.14 | -4.69 |
| Asset Turnover | 0.50 | 0.45 | 0.63 | 0.79 | 0.69 | 0.31 |
| Inventory Turnover | 15.98 | 16.01 | 14.95 | 13.93 | 14.07 | 11.82 |
| Quick Ratio | 9.09 | 7.32 | 5.15 | 3.49 | 2.26 | 0.89 |
| Current Ratio | 9.99 | 7.98 | 5.66 | 3.97 | 2.70 | 1.56 |
| Return on Equity (ROE) | 28.04% | 18.48% | 24.41% | 39.68% | 24.67% | -25.28% |
| Return on Assets (ROA) | 12.01% | 6.38% | 11.10% | 17.93% | 9.73% | -3.68% |
| Return on Invested Capital (ROIC) | 36.27% | 17.05% | 26.04% | 36.65% | 18.06% | -6.69% |
| Return on Capital Employed (ROCE) | 18.30% | 10.20% | 18.90% | 30.10% | 16.40% | -7.00% |
| Earnings Yield | 17.41% | 19.03% | 29.53% | 30.53% | 22.54% | -65.81% |
| FCF Yield | 9.54% | 6.11% | 29.01% | 36.47% | 17.64% | -34.96% |
| Dividend Yield | 1.03% | 1.87% | 2.51% | 2.00% | ||
| Payout Ratio | 5.89% | 9.82% | 8.49% | 5.72% | ||
| Buyback Yield / Dilution | -0.46% | -0.20% | -0.40% | -0.82% | -1.26% | 0.18% |
| Total Shareholder Return | 0.53% | 1.67% | 2.12% | 1.18% | -1.26% | 0.18% |