What is Teekay Tankers's earnings per share (EPS)?

Teekay Tankers (TNK) reported diluted earnings per share of $10.10 for fiscal year 2025. This represents a -13.2% 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.

Teekay Tankers Financials

TNK

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Teekay Tankers (TNK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI TNK FY2025 2026-04-22

Deleveraging and a cash-heavy balance sheet let this operator keep strong margins even as revenue and cash harvest cooled.

Even with weaker revenue, gross margin still held at 66.7%, so the cost base did not unravel with the top line. Interest expense also fell to $2.9M from $27.7M two years earlier, which means a large part of the earnings resilience came from a lighter financing burden, not from renewed sales momentum.

With $830.6M of cash against only $198.1M of total liabilities, the balance sheet now looks self-funded rather than creditor-funded. A 7.98x current ratio means short-term obligations are not dictating daily operations, so liquidity is coming from cash reserves instead of tight working-capital timing or frequent borrowing.

Operating cash flow remained strong at $305.9M, but free cash flow dropped to $115.6M because reinvestment stepped up and absorbed more of the cash generated by operations. Capital spending reached $190.3M versus $70.5M a year earlier, showing a shift from harvesting cash to putting more of it back into the asset base.

Financial Health Signals

Financial Health Score 67/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Teekay Tankers's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Altman Z-Score Safe

9.47

Teekay Tankers scores 9.47, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.5B) relative to total liabilities ($198.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/7

Teekay Tankers passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.87x

For every $1 of reported earnings, Teekay Tankers generates $0.87 in operating cash flow ($305.9M OCF vs $351.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

106.7x

Teekay Tankers earns $106.7 in operating income for every $1 of interest expense ($309.1M vs $2.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$951.8M

YoY-22.6%

5Y CAGR+1.4%

10Y CAGR+5.9%

Teekay Tankers generated $951.8M in revenue in fiscal year 2025. This represents a decrease of 22.6% from the prior year.

EBITDA

$395.7M

YoY-16.5%

5Y CAGR+8.9%

10Y CAGR+4.0%

Teekay Tankers's EBITDA was $395.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.5% from the prior year.

Net Income

$351.2M

YoY-13.0%

5Y CAGR+32.1%

10Y CAGR+7.1%

Teekay Tankers reported $351.2M in net income in fiscal year 2025. This represents a decrease of 13.0% from the prior year.

EPS (Diluted)

$10.10

YoY-13.2%

5Y CAGR+31.5%

10Y CAGR+23.2%

Teekay Tankers earned $10.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 13.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$115.6M

YoY-71.2%

5Y CAGR-19.0%

Teekay Tankers generated $115.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 71.2% from the prior year.

Cash & Debt

$830.6M

YoY+62.3%

5Y CAGR+53.6%

10Y CAGR+18.2%

Teekay Tankers held $830.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.00

YoY-33.3%

10Y CAGR+23.6%

Teekay Tankers paid $2.00 per share in dividends in fiscal year 2025. This represents a decrease of 33.3% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

66.7%

YoY-0.4pp

5Y CAGR+0.2pp

Teekay Tankers's gross margin was 66.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin

32.5%

YoY+1.6pp

5Y CAGR+16.5pp

10Y CAGR-3.8pp

Teekay Tankers's operating margin was 32.5% in fiscal year 2025, reflecting core business profitability. This is up 1.6 percentage points from the prior year.

Net Margin

36.9%

YoY+4.1pp

5Y CAGR+27.0pp

10Y CAGR+3.8pp

Teekay Tankers's net profit margin was 36.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.1 percentage points from the prior year.

Return on Equity

17.2%

YoY-5.8pp

5Y CAGR+9.1pp

10Y CAGR-2.5pp

Teekay Tankers's ROE was 17.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$190.3M

YoY+169.9%

5Y CAGR+64.0%

10Y CAGR-2.1%

Teekay Tankers invested $190.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 169.9% from the prior year.

TNK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$951.8M-22.6%	$1.2B-16.6%	$1.5B+25.1%	$1.2B+117.2%	$542.4M-38.8%	$886.4M
Cost of Revenue	$317.4M-21.7%	$405.5M-14.5%	$474.4M-4.3%	$495.6M+57.3%	$315.1M+6.0%	$297.2M
Gross Profit	$634.4M-23.0%	$823.8M-17.6%	$999.3M+46.5%	$682.4M+200.3%	$227.2M-61.4%	$589.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$46.6M-0.1%	$46.6M+6.7%	$43.7M+6.2%	$41.1M-6.0%	$43.7M+12.1%	$39.0M
Operating Income	$309.1M-18.7%	$380.1M-30.5%	$546.8M+107.2%	$263.8M+235.9%	-$194.1M-237.1%	$141.6M
Interest Expense	$2.9M-61.2%	$7.5M-73.0%	$27.7M-22.5%	$35.8M+2.1%	$35.0M-32.0%	$51.5M
Income Tax	-$3.9M-1068.9%	$405K-96.8%	$12.6M+463.1%	$2.2M+215.8%	-$1.9M-126.5%	$7.3M
Net Income	$351.2M-13.0%	$403.7M-22.4%	$519.9M+120.8%	$235.4M+197.1%	-$242.4M-377.6%	$87.3M
EPS (Diluted)	$10.10-13.2%	$11.63-22.7%	$15.04+118.9%	$6.87+195.9%	$-7.16-378.6%	$2.57

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Revenue	N/A	N/A	N/A	N/A	N/A	$115.9M-6.1%	$123.4M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$78.3M+9.1%	$71.8M	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$37.6M-27.3%	$51.6M	N/A
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	N/A	$10.5M-13.8%	$12.2M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	-$41.5M+65.3%	-$119.4M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$8.6M-7.7%	$9.3M	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	-$674K+68.2%	-$2.1M	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	-$52.1M+59.7%	-$129.1M-504.5%	-$21.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	$-1.54+59.8%	$-3.83	N/A

TNK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B+13.6%	$2.0B+1.7%	$1.9B+8.9%	$1.8B+10.2%	$1.6B-12.0%	$1.8B
Current Assets	$1.1B+44.3%	$747.9M+12.1%	$667.0M+45.1%	$459.5M+87.3%	$245.4M0.0%	$245.4M
Cash & Equivalents	$830.6M+62.3%	$511.9M+30.8%	$391.5M+89.2%	$206.9M+193.3%	$70.6M-27.4%	$97.2M
Inventory	$29.4M-36.1%	$46.0M-13.6%	$53.2M-12.5%	$60.8M+24.1%	$49.0M+41.7%	$34.6M
Accounts Receivable	$82.8M+0.4%	$82.4M-28.1%	$114.6M-1.8%	$116.7M+184.1%	$41.1M+13.5%	$36.2M
Goodwill	$2.4M0.0%	$2.4M0.0%	$2.4M0.0%	$2.4M-1.1%	$2.4M0.0%	$2.4M
Total Liabilities	$198.1M-8.9%	$217.4M-44.5%	$391.5M-45.1%	$713.6M-8.5%	$780.3M+2.5%	$761.3M
Current Liabilities	$135.3M+2.5%	$132.0M-21.4%	$168.0M-1.3%	$170.2M+8.3%	$157.1M-20.3%	$197.1M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$304.8M+31.3%	$232.1M
Total Equity	$2.0B+16.3%	$1.8B+13.3%	$1.6B+42.0%	$1.1B+28.8%	$848.0M-21.4%	$1.1B
Retained Earnings	$729.0M+63.1%	$447.1M+103.2%	$220.0M+194.2%	-$233.6M+49.5%	-$462.7M-110.0%	-$220.3M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Total Assets	$2.2B+13.6%	$2.0B+1.7%	$1.9B+8.9%	$1.8B+10.2%	$1.6B-1.9%	$1.6B-0.3%	$1.7B	N/A
Current Assets	$1.1B+44.3%	$747.9M+12.1%	$667.0M+45.1%	$459.5M+87.3%	$245.4M+21.5%	$202.0M+4.3%	$193.7M	N/A
Cash & Equivalents	$830.6M+62.3%	$511.9M+30.8%	$391.5M+89.2%	$206.9M+193.3%	$70.6M+16.2%	$60.7M+0.4%	$60.5M	N/A
Inventory	$29.4M-36.1%	$46.0M-13.6%	$53.2M-12.5%	$60.8M+24.1%	$49.0M-1.6%	$49.8M+0.4%	$49.6M	N/A
Accounts Receivable	$82.8M+0.4%	$82.4M-28.1%	$114.6M-1.8%	$116.7M+184.1%	$41.1M+45.1%	$28.3M-19.2%	$35.1M	N/A
Goodwill	$2.4M0.0%	$2.4M0.0%	$2.4M0.0%	$2.4M-1.1%	$2.4M0.0%	$2.4M0.0%	$2.4M	N/A
Total Liabilities	$198.1M-8.9%	$217.4M-44.5%	$391.5M-45.1%	$713.6M-8.5%	$780.3M+1.1%	$771.9M+6.5%	$724.8M	N/A
Current Liabilities	$135.3M+2.5%	$132.0M-21.4%	$168.0M-1.3%	$170.2M+8.3%	$157.1M-4.5%	$164.5M-31.8%	$241.3M	N/A
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$304.8M-11.2%	$343.1M+21.4%	$282.7M	N/A
Total Equity	$2.0B+16.3%	$1.8B+13.3%	$1.6B+42.0%	$1.1B+28.8%	$848.0M-3.4%	$877.8M-5.6%	$929.4M-12.1%	$1.1B
Retained Earnings	$729.0M+63.1%	$447.1M+103.2%	$220.0M+194.2%	-$233.6M+49.5%	-$462.7M-9.4%	-$422.9M-14.0%	-$370.8M	N/A

TNK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$305.9M-35.2%	$471.9M-25.2%	$631.2M+216.1%	$199.7M+286.1%	-$107.3M-130.8%	$347.9M
Capital Expenditures	$190.3M+169.9%	$70.5M	$0	$0-100.0%	$21.4M+33.8%	$16.0M
Free Cash Flow	$115.6M-71.2%	$401.4M-36.4%	$631.2M+216.1%	$199.7M+255.1%	-$128.8M-138.8%	$331.9M
Investing Cash Flow	$78.3M+1633.7%	-$5.1M-129.6%	$17.3M-66.3%	$51.2M+34.3%	$38.1M-48.8%	$74.5M
Financing Cash Flow	-$68.5M+80.0%	-$343.4M+27.0%	-$470.1M-315.9%	-$113.0M-615.0%	$22.0M+105.3%	-$416.1M
Dividends Paid	$69.0M-32.9%	$102.8M+72.8%	$59.5M	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Operating Cash Flow	N/A	N/A	N/A	N/A	-$23.2M+39.6%	-$38.4M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	$6.3M-20.8%	$7.9M	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$29.5M+36.4%	-$46.3M	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	$7.1M+75.9%	$4.1M	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	$5.7M-83.5%	$34.3M	N/A	N/A
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	66.7%-0.4pp	67.0%-0.8pp	67.8%+9.9pp	57.9%+16.0pp	41.9%-24.6pp	66.5%
Operating Margin	32.5%+1.6pp	30.9%-6.2pp	37.1%+14.7pp	22.4%+58.2pp	-35.8%-51.8pp	16.0%
Net Margin	36.9%+4.1pp	32.8%-2.4pp	35.3%+15.3pp	20.0%+64.7pp	-44.7%-54.5pp	9.8%
Return on Equity	17.2%-5.8pp	23.0%-10.6pp	33.5%+12.0pp	21.6%+50.1pp	-28.6%-36.7pp	8.1%
Return on Assets	15.7%-4.8pp	20.4%-6.3pp	26.8%+13.6pp	13.2%+28.2pp	-15.0%-19.7pp	4.7%
Current Ratio	7.98+2.3	5.66+1.7	3.97+1.3	2.70+1.1	1.56+0.3	1.25
Debt-to-Equity	0.10-0.0	0.12-0.1	0.25+0.3	0.00-0.4	0.36+0.1	0.22
FCF Margin	12.2%-20.5pp	32.6%-10.2pp	42.8%+25.9pp	17.0%+40.7pp	-23.7%-61.2pp	37.4%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q1'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	32.4%-9.4pp	41.9%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	-35.8%+61.0pp	-96.8%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	-44.9%+59.7pp	-104.6%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	-5.9%+8.0pp	-13.9%-11.9pp	-2.0%
Return on Assets	N/A	N/A	N/A	N/A	N/A	-3.2%+4.7pp	-7.8%	N/A
Current Ratio	7.98+2.3	5.66+1.7	3.97+1.3	2.70+1.1	1.56+0.3	1.23+0.4	0.80	N/A
Debt-to-Equity	0.10-0.0	0.12-0.1	0.25+0.3	0.00-0.4	0.36-0.0	0.39+0.1	0.30	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	-40.0%	N/A	N/A

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Frequently Asked Questions

What is Teekay Tankers's annual revenue?

Teekay Tankers (TNK) reported $951.8M in total revenue for fiscal year 2025. This represents a -22.6% 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 22.6% year-over-year, from $1.2B to $951.8M in fiscal year 2025.

Is Teekay Tankers profitable?

Yes, Teekay Tankers (TNK) reported a net income of $351.2M in fiscal year 2025, with a net profit margin of 36.9%.

What is Teekay Tankers's EBITDA?

Teekay Tankers (TNK) had EBITDA of $395.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Teekay Tankers's gross margin?

Teekay Tankers (TNK) had a gross margin of 66.7% in fiscal year 2025, 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 32.5% in fiscal year 2025, 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 36.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Teekay Tankers pay dividends?

Yes, Teekay Tankers (TNK) paid $2.00 per share in dividends during fiscal year 2025.

What is Teekay Tankers's return on equity (ROE)?

Teekay Tankers (TNK) has a return on equity of 17.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Teekay Tankers's free cash flow?

Teekay Tankers (TNK) generated $115.6M in free cash flow during fiscal year 2025. This represents a -71.2% 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 $305.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Teekay Tankers's total assets?

Teekay Tankers (TNK) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Teekay Tankers's capital expenditures?

Teekay Tankers (TNK) invested $190.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Teekay Tankers's current ratio?

Teekay Tankers (TNK) had a current ratio of 7.98 as of fiscal year 2025, which is generally considered healthy.

What is Teekay Tankers's debt-to-equity ratio?

Teekay Tankers (TNK) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, 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 15.7% for fiscal year 2025, 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 9.47, 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 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.87x, considered mixed 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 106.7x, 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 67 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.