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MARKETS / NYSE / TNK
NYSE · WATER TRANSPORTATION · LARGE CAP

Teekay Tankers Ltd. TNK

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$951.8M
▼ 22.6% YoY
$351.2M
▼ 13.0% YoY
$115.6M
▼ 71.2% YoY
In brief

What this company does

Teekay Tankers Ltd. owns and operates crude oil and product tankers, employing a chartering strategy that seeks to capture upside opportunities in the tanker spot market while using fixed-rate time charters to reduce downside risks. In addition to that core business, it provides operational and maintenance marine services as part of its Australian operations and STS support services, along with in-house tanker commercial management and technical management operations. Since its initial public offering, it has purchased a total of 65 tankers from Teekay Corporation or other affiliates and from third parties. Its marine services business in Australia provides operations, supply, maintenance and engineering support, as well as crewing and training services, primarily under long-term contracts with the Commonwealth of Australia, for 11 Australian government-owned vessels. No customer accounted for over 10% of its consolidated revenues from continuing operations during 2025, 2024 or 2023.

Written from the business description in Teekay Tankers Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
USD 951.8M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.4
0.5B1.0B-0.2B200920112013201520172019202120232025
Compound annual growth
−6.9%
+1.4%
+5.9%
+9.6%
+14.3%
+32.1%
+6.7%
+13.7%
+31.5%
+16.4%
+1.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.4% a year over five years — but profit grew faster: net income at +32.1%, earnings per share at +31.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
37 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 32.5% · Net 36.9%
10%20%30%-50%-100%-150%200920112013201520172019202120232025
ROE
FY2015 · ROE 25.3%
10%20%-50%200920112013201520172019202120232025
Gross margin66.7%
Operating margin32.5%
Net margin36.9%
Return on assets16.7%
EBITDAUSD 395.7M

Cash & shareholders
USD 69.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 115.6
250.0M500.0M-50.0M-100.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 69.0 · Net buybacks —
40M80M200920112013201520172019202120232025
Dividends paidUSD 69.0M
Net buybacks—
Share of profit—
Consecutive raises—

USD 69.0M in dividends went back to shareholders.

Total assetsUSD 2.2B
EquityUSD 2.0B
CashUSD 830.6M
Current ratio7.98×

Equity funds 91% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.01.21.51.20.50.90.90.80.40.60.50.30.20.20.20.2·
Operating income $B0.30.40.50.3−0.20.10.10.00.00.10.20.10.0−0.3−0.00.10.1
EBITDA $B0.40.50.60.4·····0.20.30.10.1−0.3···
Income tax $B−0.00.00.00.0−0.00.00.00.0−0.0········
Net income $B0.40.40.50.2−0.20.10.0−0.1−0.10.10.20.1−0.0−0.4−0.0−0.00.0
Free cash flow $B0.10.40.60.2−0.10.30.1−0.00.10.2−0.00.0·····
EPS, diluted $10.1011.6315.046.87−7.162.571.23−1.57−2.480.401.250.66−0.10−4.54−0.150.371.28
Dividend / sh $2.003.001.750.000.000.000.000.240.960.180.240.120.120.400.831.281.86
Payout %··········918−123−9−567··
ROE %··········25.314.3−2.6−80.9−1.8··
Shares out B············0.080.080.06··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 65 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityWater Transportation
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2009

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