TK

MKT CAP:$1B

Teekay Corporation

Market Cap

$1B

Energy·Oil & Gas Midstream·🇧🇲 Bermuda·NYSE

Energy·Oil & Gas Midstream·🇧🇲·NYSE

Stock Price

$12.47+$3.65 (+41.38%)

Apr 22, 2026

Company Details

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and light...

CEO

Kenneth Hvid

IPO Date

Jul 20, 1995

Website

www.teekay.com

Key Metrics TTM

Revenue

$1.2B

-31.5% YoY

Net Income

$199M

EPS (Diluted)

$2.23

Free Cash Flow

$478M

Revenue / Share

$13.50

Gross Margin

28.4%

Operating Margin

36.2%

Net Margin

16.9%

FCF Margin

40.5%

P/S

0.9x

P/E

5.6x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 13, 2026

$950MEPS $1.14

Q4 2025

Mar 13, 2026

$258MEPS $0.40

Q1 2025

Jul 4, 2025

$232M-36.5%EPS $0.91

Q2 2024

Jun 28, 2024

$326MEPS $0.35

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$588M	$174M	$76M
Q3 16	$548M	$131M	$90M
Q4 16	$552M	$128M	$83M
Q1 17	$544M	$120M	$82M
Q2 17	$514M	$92M	$48M
Q3 17	$501M	$92M	-$190M
Q1 18	$394M	$63M	$19M
Q2 18	$406M	$60M	$2M
Q3 18	$417M	$79M	$55M
Q4 19	$570M	$188M	$179M
Q3 20	$397M	$98M	$11M
Q4 23	$339M	$115M	$113M
Q1 24	$365M	$146M	$140M
Q2 24	$326M	$120M	$102M
Q1 25	$232M	$69M	$74M
Q4 25	$258M	$0	$110M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q3 16	—	—
Q4 16	0.5x	—
Q1 17	0.5x	—
Q2 17	0.5x	—
Q3 17	0.5x	—
Q1 18	0.6x	—
Q2 18	0.6x	—
Q3 18	0.6x	—
Q4 19	0.6x	—
Q3 20	0.6x	—
Q4 23	0.6x	—
Q1 24	0.7x	16.9x
Q2 24	0.8x	12.6x
Q1 25	0.9x	5.6x
Q4 25	0.9x	5.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 15	$137M	-$88M
Q2 16	$159M	$69M
Q3 16	$196M	-$82M
Q4 16	$117M	$16M
Q1 17	$107M	-$157M
Q2 17	$174M	$73M
Q3 17	$130M	-$199M
Q1 18	$33M	-$135M
Q2 18	$77M	-$70M
Q3 18	-$26M	-$275M
Q4 19	$127M	$116M
Q3 20	$118M	$113M
Q4 23	$138M	$133M
Q1 24	$130M	$130M
Q2 24	$161M	$157M
Q1 25	$58M	$57M

Capital Expenditures

Quarter	CapEx
Q4 15	$224M
Q2 16	$91M
Q3 16	$278M
Q4 16	$101M
Q1 17	$265M
Q2 17	$101M
Q3 17	$329M
Q1 18	$168M
Q2 18	$147M
Q3 18	$249M
Q4 19	$11M
Q3 20	$6M
Q4 23	$4M
Q1 24	$570.0K
Q2 24	$3M
Q1 25	$306.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 17	-22.4%	-15.9%
Q2 17	-12.5%	-9.0%
Q3 17	-8.6%	+50.8%
Q1 18	-28.6%	-19.9%
Q2 18	-25.4%	-12.6%
Q3 18	-18.9%	-22.4%
Q4 19	+13.9%	-43.3%
Q3 20	+0.6%	+2.6%
Q4 23	-16.4%	-44.0%
Q1 24	-12.4%	-37.9%
Q2 24	-42.8%	-42.8%
Q1 25	-41.6%	-59.2%
Q4 25	-24.0%	-34.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 15	$6M	0.9%
Q2 16	$0	0.0%
Q3 16	$0	0.0%
Q4 16	$6M	1.0%
Q1 17	$0	0.0%
Q2 17	$0	0.0%
Q3 17	$0	0.0%
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 19	$6M	1.1%
Q3 20	$0	0.0%
Q4 23	$4M	1.3%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 16	$30M
Q3 16	$30M
Q4 16	$27M
Q1 17	$31M
Q2 17	$30M
Q3 17	$28M
Q1 18	$24M
Q2 18	$24M
Q3 18	$19M
Q4 19	$18M
Q3 20	$18M
Q4 23	$12M
Q1 24	$17M
Q2 24	$18M
Q1 25	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 21	$236M	$29M	$265M
Q4 21	$109M	$12M	$121M
Q1 22	$112M	$220M	$332M
Q2 22	$144M	$232M	$376M
Q3 22	$183M	$247M	$430M
Q4 22	$310M	$210M	$520M
Q1 23	$253M	$208M	$461M
Q2 23	$315M	$136M	$451M
Q3 23	$416M	$95M	$511M
Q4 23	$480M	$173M	$653M
Q1 24	$551M	$110M	$661M
Q2 24	$689M	$66M	$755M
Q3 24	$692M	$52M	$744M
Q4 24	$685M	$32M	$718M
Q1 25	$675M	$20M	$696M
Q2 25	$851M	$81M	$931M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	73M	+0.1%	—
Q3 16	85M	+16.5%	—
Q4 16	86M	+1.4%	—
Q1 17	86M	+0.1%	+18.2%
Q2 17	86M	+0.1%	+18.3%
Q3 17	86M	+0.0%	+1.5%
Q1 18	97M	+12.8%	+13.0%
Q2 18	100M	+3.2%	+16.5%
Q3 18	100M	+0.0%	+16.4%
Q4 19	101M	+1.0%	+17.6%
Q3 20	101M	-0.3%	+3.9%
Q4 23	95M	-6.5%	-5.8%
Q1 24	95M	+0.5%	-5.4%
Q2 24	95M	+0.2%	-6.1%
Q1 25	84M	-12.3%	-17.4%
Q4 25	87M	+4.7%	-7.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	$90.4K	7K
Q3 16	$84.3K	7K
Q4 16	$81.2K	7K
Q1 17	$79.9K	7K
Q2 17	$75.6K	7K
Q3 17	$73.6K	7K
Q1 18	$54.7K	7K
Q2 18	$56.3K	7K
Q3 18	$57.9K	7K
Q4 19	$112.9K	5K
Q3 20	$78.5K	5K
Q4 23	$169.6K	2K
Q1 24	$182.5K	2K
Q2 24	$163.1K	2K
Q1 25	$100.7K	2K
Q4 25	$121.0K	2K

Revenue / Employee