Teekay Tankers Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Teekay Tankers has an operating margin of 30.9%, meaning the company retains $31 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 37.1% the prior year.
Teekay Tankers's revenue declined 16.6% year-over-year, from $1.5B to $1.2B. This contraction results in a growth score of 0/100.
Teekay Tankers carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.66, Teekay Tankers holds $5.66 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Teekay Tankers converts 32.6% of revenue into free cash flow ($401.4M). This strong cash generation earns a score of 100/100.
Teekay Tankers earns a strong 23.0% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 92/100. This is down from 33.5% the prior year.
Teekay Tankers scores 8.67, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($217.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Teekay Tankers passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Teekay Tankers generates $1.17 in operating cash flow ($471.9M OCF vs $403.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Teekay Tankers earns $50.9 in operating income for every $1 of interest expense ($380.1M vs $7.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Teekay Tankers (TNK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Teekay Tankers generated $1.2B in revenue in fiscal year 2024. This represents a decrease of 16.6% from the prior year.
Teekay Tankers's EBITDA was $473.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.5% from the prior year.
Teekay Tankers generated $401.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 36.4% from the prior year.
Teekay Tankers reported $403.7M in net income in fiscal year 2024. This represents a decrease of 22.4% from the prior year.
Teekay Tankers earned $11.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 22.7% from the prior year.
Teekay Tankers held $511.9M in cash against $0 in long-term debt as of fiscal year 2024.
Teekay Tankers paid $3.00 per share in dividends in fiscal year 2024. This represents an increase of 71.4% from the prior year.
Teekay Tankers's gross margin was 67.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.
Teekay Tankers's operating margin was 30.9% in fiscal year 2024, reflecting core business profitability. This is down 6.2 percentage points from the prior year.
Teekay Tankers's net profit margin was 32.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.4 percentage points from the prior year.
Teekay Tankers's ROE was 23.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the prior year.
Teekay Tankers invested $70.5M in capex in fiscal year 2024, funding long-term assets and infrastructure.
TNK Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q3'21 | Q2'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $115.9M-6.1% | $123.4M | N/A | $170.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $78.3M+9.1% | $71.8M | N/A | $57.8M |
| Gross Profit | N/A | N/A | N/A | N/A | $37.6M-27.3% | $51.6M | N/A | $112.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | $10.5M-13.8% | $12.2M | N/A | $9.9M |
| Operating Income | N/A | N/A | N/A | N/A | -$41.5M+65.3% | -$119.4M | N/A | -$29.2M |
| Interest Expense | N/A | N/A | N/A | N/A | $8.6M-7.7% | $9.3M | N/A | $12.6M |
| Income Tax | N/A | N/A | N/A | N/A | -$674K+68.2% | -$2.1M | N/A | $2.2M |
| Net Income | N/A | N/A | N/A | N/A | -$52.1M+59.7% | -$129.1M | N/A | -$44.4M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $-1.54+59.8% | $-3.83 | N/A | $-1.32 |
TNK Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q3'21 | Q2'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+1.7% | $1.9B+8.9% | $1.8B+10.2% | $1.6B-1.9% | $1.6B-0.3% | $1.7B-10.1% | $1.8B-3.8% | $1.9B |
| Current Assets | $747.9M+12.1% | $667.0M+45.1% | $459.5M+87.3% | $245.4M+21.5% | $202.0M+4.3% | $193.7M-21.1% | $245.4M-2.4% | $251.5M |
| Cash & Equivalents | $511.9M+30.8% | $391.5M+89.2% | $206.9M+193.3% | $70.6M+16.2% | $60.7M+0.4% | $60.5M-37.8% | $97.2M-19.6% | $120.9M |
| Inventory | $46.0M-13.6% | $53.2M-12.5% | $60.8M+24.1% | $49.0M-1.6% | $49.8M+0.4% | $49.6M+43.4% | $34.6M+3.5% | $33.4M |
| Accounts Receivable | $82.4M-28.1% | $114.6M-1.8% | $116.7M+184.1% | $41.1M+45.1% | $28.3M-19.2% | $35.1M-3.2% | $36.2M-21.7% | $46.2M |
| Goodwill | $2.4M0.0% | $2.4M+1.1% | $2.4M-1.1% | $2.4M0.0% | $2.4M0.0% | $2.4M0.0% | $2.4M0.0% | $2.4M |
| Total Liabilities | $217.4M-44.5% | $391.5M-45.1% | $713.6M-8.5% | $780.3M+1.1% | $771.9M+6.5% | $724.8M-4.8% | $761.3M+0.1% | $760.2M |
| Current Liabilities | $132.0M-21.4% | $168.0M-1.3% | $170.2M+8.3% | $157.1M-4.5% | $164.5M-31.8% | $241.3M+22.4% | $197.1M+26.3% | $156.0M |
| Long-Term Debt | N/A | N/A | $0-100.0% | $304.8M-11.2% | $343.1M+21.4% | $282.7M+21.8% | $232.1M+13.7% | $204.1M |
| Total Equity | $1.8B+13.3% | $1.6B+42.0% | $1.1B+28.8% | $848.0M-3.4% | $877.8M-5.6% | $929.4M-13.9% | $1.1B-6.3% | $1.2B |
| Retained Earnings | $447.1M+103.2% | $220.0M+194.2% | -$233.6M+49.5% | -$462.7M-9.4% | -$422.9M-14.0% | -$370.8M-68.3% | -$220.3M-49.8% | -$147.0M |
TNK Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q3'21 | Q2'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | -$23.2M+39.6% | -$38.4M | N/A | $132K-99.7% | $42.9M |
| Capital Expenditures | N/A | N/A | N/A | $6.3M-20.8% | $7.9M | N/A | $7.1M+23.1% | $5.8M |
| Free Cash Flow | N/A | N/A | N/A | -$29.5M+36.4% | -$46.3M | N/A | -$7.0M-118.9% | $37.1M |
| Investing Cash Flow | N/A | N/A | N/A | $7.1M+75.9% | $4.1M | N/A | -$7.1M-218.6% | $6.0M |
| Financing Cash Flow | N/A | N/A | N/A | $5.7M-83.5% | $34.3M | N/A | -$18.8M+80.4% | -$96.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TNK Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q3'21 | Q2'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | 32.4%-9.4pp | 41.9% | N/A | 66.1% |
| Operating Margin | N/A | N/A | N/A | N/A | -35.8%+61.0pp | -96.8% | N/A | -17.2% |
| Net Margin | N/A | N/A | N/A | N/A | -44.9%+59.7pp | -104.6% | N/A | -26.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.7% |
| Return on Assets | N/A | N/A | N/A | N/A | -3.2%+4.7pp | -7.8% | N/A | -2.3% |
| Current Ratio | 5.66+1.7 | 3.97+1.3 | 2.70+1.1 | 1.56+0.3 | 1.23+0.4 | 0.80-0.4 | 1.25-0.4 | 1.61 |
| Debt-to-Equity | 0.12-0.1 | 0.25+0.3 | 0.00-0.4 | 0.36-0.0 | 0.39+0.1 | 0.30+0.1 | 0.22+0.0 | 0.18 |
| FCF Margin | N/A | N/A | N/A | N/A | -40.0% | N/A | N/A | 21.8% |
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Frequently Asked Questions
What is Teekay Tankers's annual revenue?
Teekay Tankers (TNK) reported $1.2B in total revenue for fiscal year 2024. This represents a -16.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Teekay Tankers's revenue growing?
Teekay Tankers (TNK) revenue declined by 16.6% year-over-year, from $1.5B to $1.2B in fiscal year 2024.
Is Teekay Tankers profitable?
Yes, Teekay Tankers (TNK) reported a net income of $403.7M in fiscal year 2024, with a net profit margin of 32.8%.
What is Teekay Tankers's earnings per share (EPS)?
Teekay Tankers (TNK) reported diluted earnings per share of $11.63 for fiscal year 2024. This represents a -22.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Teekay Tankers's EBITDA?
Teekay Tankers (TNK) had EBITDA of $473.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Teekay Tankers's gross margin?
Teekay Tankers (TNK) had a gross margin of 67.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Teekay Tankers's operating margin?
Teekay Tankers (TNK) had an operating margin of 30.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Teekay Tankers's net profit margin?
Teekay Tankers (TNK) had a net profit margin of 32.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Teekay Tankers pay dividends?
Yes, Teekay Tankers (TNK) paid $3.00 per share in dividends during fiscal year 2024.
What is Teekay Tankers's return on equity (ROE)?
Teekay Tankers (TNK) has a return on equity of 23.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Teekay Tankers's free cash flow?
Teekay Tankers (TNK) generated $401.4M in free cash flow during fiscal year 2024. This represents a -36.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Teekay Tankers's operating cash flow?
Teekay Tankers (TNK) generated $471.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Teekay Tankers's total assets?
Teekay Tankers (TNK) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Teekay Tankers's capital expenditures?
Teekay Tankers (TNK) invested $70.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Teekay Tankers's current ratio?
Teekay Tankers (TNK) had a current ratio of 5.66 as of fiscal year 2024, which is generally considered healthy.
What is Teekay Tankers's debt-to-equity ratio?
Teekay Tankers (TNK) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Teekay Tankers's return on assets (ROA)?
Teekay Tankers (TNK) had a return on assets of 20.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Teekay Tankers's Altman Z-Score?
Teekay Tankers (TNK) has an Altman Z-Score of 8.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Teekay Tankers's Piotroski F-Score?
Teekay Tankers (TNK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Teekay Tankers's earnings high quality?
Teekay Tankers (TNK) has an earnings quality ratio of 1.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Teekay Tankers cover its interest payments?
Teekay Tankers (TNK) has an interest coverage ratio of 50.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Teekay Tankers?
Teekay Tankers (TNK) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.