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MARKETS / NYSE / Industrials / Water transportation / 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

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

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
1.0B2.0B-0.1B-0.3B
2009201220152018202120242025
Compound annual growth
−6.9%
+1.4%
+5.9%
+9.6%
+14.3%
+32.1%
+6.7%
+13.7%
+31.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.4% a year over the five years to FY2025 — 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%
200920172025
ROE
FY2015 · ROE 25.3%
10%20%-50%
200920172025
Three returns, three denominators.
Return on equityNot available: we don't have a clean profit figure for this period.
Gross margin66.7%
Operating margin32.5%
Net margin36.9%
EBITDAUSD 395.7M

Return on equity has no reading this year — return on capital employed, just below, still does: 16%.

Cash & shareholders

USD 69.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 115.6
250.0M500.0M-50.0M-100.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 69.0 · Net buybacks ·
50M100M
200920112013201520172019202120232025
Dividends paidUSD 69.0M
Net buybacks·
Share of profit·
Consecutive raises·

USD 69.0M in dividends — Not available: we don't have a clean profit figure for this period.

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—not applicable◌not available in our data
TNK, 17-year financial record
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. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure in 65 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Six checks were skipped: cost of revenue is not tagged before 2013. Three checks were skipped: the share count is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityWater Transportation
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2009

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