TNK

MKT CAP:$3B

Teekay Tankers Ltd.

Market Cap

$3B

Energy·Oil & Gas Midstream·🇨🇦 Canada·NYSE

Energy·Oil & Gas Midstream·🇨🇦·NYSE

Stock Price

$75.94+$24.44 (+47.46%)

Apr 24, 2026

Company Details

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oi...

CEO

Kenneth Hvid

IPO Date

Dec 13, 2007

Website

www.teekay.com/business/tankers

Key Metrics TTM

Revenue

$952M

-26.3% YoY

Net Income

$351M

EPS (Diluted)

$10.09

Free Cash Flow

$113M

Revenue / Share

$27.44

Gross Margin

27.5%

Operating Margin

27.5%

Net Margin

36.9%

FCF Margin

11.8%

P/S

2.7x

P/E

7.4x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 13, 2026

$952M-22.6%EPS $10.10

Q4 2025

Mar 13, 2026

$258M-26.4%EPS $3.46

Q3 2025

Oct 31, 2025

$229M-5.9%EPS $2.64

Q2 2025

Aug 1, 2025

$233M-29.1%EPS $1.80

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$174M	$3M	-$7M
Q2 22	$242M	$44M	$33M
Q3 22	$279M	$77M	$67M
Q4 22	$367M	$191M	$154M
Q1 23	$395M	$195M	$182M
Q2 23	$371M	$172M	$160M
Q3 23	$286M	$92M	$82M
Q4 23	$313M	$113M	$103M
Q1 24	$368M	$146M	$145M
Q2 24	$328M	$120M	$107M
Q3 24	$243M	$69M	$52M
Q4 24	$351M	$67M	$86M
Q1 25	$232M	$46M	$74M
Q2 25	$233M	$61M	$55M
Q3 25	$229M	$55M	$44M
Q4 25	$258M	$100M	$89M

Valuation

Quarter	P/S	P/E
Q1 22	4.5x	—
Q2 22	3.8x	—
Q3 22	3.0x	60.8x
Q4 22	2.5x	11.4x
Q1 23	2.0x	6.3x
Q2 23	1.8x	4.9x
Q3 23	1.8x	4.8x
Q4 23	1.9x	5.1x
Q1 24	1.9x	5.3x
Q2 24	2.0x	5.8x
Q3 24	2.1x	6.1x
Q4 24	2.0x	6.3x
Q1 25	2.3x	7.7x
Q2 25	2.5x	9.0x
Q3 25	2.5x	8.0x
Q4 25	2.7x	7.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$15M	-$19M
Q2 22	$17M	$13M
Q3 22	$46M	$42M
Q4 22	$145M	$141M
Q1 23	$167M	$167M
Q2 23	$203M	$201M
Q3 23	$128M	$125M
Q4 23	$133M	$129M
Q1 24	$134M	$134M
Q2 24	$151M	$141M
Q3 24	$108M	$44M
Q4 24	$88M	$87M
Q1 25	$58M	$51M
Q2 25	$72M	$15M
Q3 25	$75M	-$53M
Q4 25	$101M	$100M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$3M
Q3 22	$4M
Q4 22	$4M
Q1 23	$442.0K
Q2 23	$2M
Q3 23	$3M
Q4 23	$4M
Q1 24	$570.0K
Q2 24	$10M
Q3 24	$64M
Q4 24	$295.0K
Q1 25	$7M
Q2 25	$57M
Q3 25	$128M
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+21.9%	+17.9%
Q2 22	+96.4%	+33.9%
Q3 22	+141.1%	+35.4%
Q4 22	+129.1%	+20.1%
Q1 23	+126.8%	+17.3%
Q2 23	+52.9%	+1.0%
Q3 23	+2.3%	-3.7%
Q4 23	-14.7%	-1.1%
Q1 24	-6.7%	+5.1%
Q2 24	-11.4%	+4.9%
Q3 24	-14.9%	-6.6%
Q4 24	+12.1%	+25.7%
Q1 25	-37.1%	-29.7%
Q2 25	-29.1%	-19.7%
Q3 25	-5.9%	-2.8%
Q4 25	-26.4%	-35.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$39M	10.6%
Q1 23	$500.0K	0.1%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$300.0K	0.1%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$10M
Q2 22	—	—	$11M
Q3 22	—	—	$10M
Q4 22	$9M	$2M	—
Q1 23	$12M	—	—
Q2 23	$12M	—	—
Q3 23	$11M	—	—
Q4 23	$11M	—	—
Q1 24	$13M	—	—
Q2 24	$14M	—	—
Q3 24	$11M	—	—
Q4 24	$8M	—	—
Q1 25	$10M	—	—
Q2 25	$15M	—	—
Q3 25	—	—	$11M
Q4 25	—	—	$11M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$18M	$0	$18M
Q2 22	$66M	$0	$66M
Q3 22	$78M	$0	$78M
Q4 22	$181M	$0	$181M
Q1 23	$170M	$0	$170M
Q2 23	$179M	$0	$179M
Q3 23	$227M	$0	$227M
Q4 23	$392M	$0	$392M
Q1 24	$370M	$0	$370M
Q2 24	$427M	$0	$427M
Q3 24	$463M	$0	$463M
Q4 24	$512M	$22M	$534M
Q1 25	$675M	$20M	$695M
Q2 25	$650M	$81M	$731M
Q3 25	$765M	$32M	$798M
Q4 25	$831M	$22M	$853M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	34M	+0.0%	+0.5%
Q2 22	34M	+0.9%	+1.3%
Q3 22	34M	+0.5%	+1.4%
Q4 22	34M	+0.3%	+1.7%
Q1 23	35M	+0.1%	+1.9%
Q2 23	35M	+0.0%	+1.0%
Q3 23	35M	+0.1%	+0.6%
Q4 23	35M	+0.1%	+0.4%
Q1 24	35M	+0.1%	+0.3%
Q2 24	35M	+0.2%	+0.5%
Q3 24	35M	+0.2%	+0.6%
Q4 24	35M	-0.2%	+0.3%
Q1 25	35M	-0.1%	+0.1%
Q2 25	35M	+0.2%	+0.1%
Q3 25	35M	+0.3%	+0.2%
Q4 25	35M	-0.4%	-0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$91.6K	2K
Q2 22	$127.6K	2K
Q3 22	$147.0K	2K
Q4 22	$209.9K	2K
Q1 23	$225.5K	2K
Q2 23	$211.8K	2K
Q3 23	$163.3K	2K
Q4 23	$197.0K	2K
Q1 24	$231.6K	2K
Q2 24	$206.5K	2K
Q3 24	$153.0K	2K
Q4 24	$175.6K	2K
Q1 25	$115.8K	2K
Q2 25	$116.4K	2K
Q3 25	$114.5K	2K
Q4 25	$143.5K	2K

Revenue / Employee