NYSE · Financial Statements

Teekay Tankers Ltd. (TNK) Financial Statements

$99.47 NYSE: TNK Market Cap $3.45B

Teekay Tankers Ltd. most recently reported annual revenue of $952.0M, net profit of $351.0M. Revenue grew at an average annual rate of 1.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Teekay Tankers Ltd.: Revenue rose from $527.0M in 2016 to $952.0M in 2025, a change of +80.6% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 16.4% to 22.6%, a shift of +6.2 percentage points; the most recent year shows net profit of $351.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$527.0M$431.0M$756.0M$944.0M$886.0M$542.0M$1.2B$1.5B$1.2B$952.0M
Operating Expenses$440.0M$430.0M$749.0M$820.0M$745.0M$736.0M$914.0M$927.0M$849.0M$737.0M
Operating Profit$86.0M$1.0M$7.0M$124.0M$142.0M$-194.0M$264.0M$547.0M$380.0M$215.0M
Operating Margin16.4%0.3%0.9%13.1%16.0%-35.8%22.4%37.1%30.9%22.6%
Other Income$-19.0M$-54.0M$-50.0M$-62.0M$-47.0M$-50.0M$-26.0M$-14.0M$24.0M$132.0M
Interest$30.0M$31.0M$59.0M$65.0M$52.0M$35.0M$36.0M$28.0M$7.0M$3.0M
Depreciation$104.0M$100.0M$119.0M$124.0M$117.0M$106.0M$99.0M$98.0M$94.0M$87.0M
Profit Before Tax$63.0M$-58.0M$-53.0M$61.0M$95.0M$-244.0M$238.0M$532.0M$404.0M$347.0M
Tax$11.9M$-9.2M$-113.7M$32.7M$7.7M$790,000$940,000$2.4M$100,000$-1.1M
Net Profit$63.0M$-58.0M$-53.0M$41.0M$87.0M$-242.0M$235.0M$520.0M$404.0M$351.0M
EPS$3.20$-2.48$-1.57$0.63$2.57$-7.16$6.68$15.04$11.61$10.10
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$286.0M$313.0M$368.0M$328.0M$243.0M$351.0M$232.0M$233.0M$229.0M$258.0M$286.0M$380.0M
Operating Expenses$204.0M$211.0M$224.0M$221.0M$191.0M$265.0M$157.0M$178.0M$186.0M$170.0M$161.0M$190.0M
Operating Profit$82.0M$103.0M$145.0M$107.0M$52.0M$86.0M$74.0M$55.0M$44.0M$89.0M$125.0M$190.0M
Operating Margin28.5%32.7%39.3%32.6%21.6%24.6%32.1%23.6%19.0%34.3%43.7%50.0%
Interest$6.0M$4.0M$5.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0$1.0M
Profit Before Tax$79.0M$113.0M$146.0M$115.0M$58.0M$96.0M$76.0M$62.0M$90.0M$120.0M$158.0M$231.0M
Tax$-3.2M$1.4M$-1.9M$3.3M$-1.0M$3.2M$-620,000$-690,000$-2.6M$-580,000$2.5M$2.2M
Net Profit$81.0M$112.0M$149.0M$111.0M$59.0M$93.0M$76.0M$63.0M$92.0M$120.0M$154.0M$226.0M
EPS$2.35$3.23$4.30$3.20$1.69$2.37$2.19$1.80$2.64$3.46$4.40$6.47

Over the 10 years reported for Teekay Tankers Ltd., borrowings decreased from $933.0M in 2016 to $55.0M in 2025, cash stood at $831.0M in the latest year, shareholders' equity was $1.3B, current assets covered current liabilities 7.99 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.9B$2.2B$2.2B$2.2B$1.8B$1.6B$1.8B$1.9B$2.0B$2.2B
Current Assets$215.0M$177.0M$226.0M$430.0M$245.0M$245.0M$460.0M$667.0M$748.0M$1.1B
Cash$68.0M$71.0M$55.0M$89.0M$97.0M$51.0M$181.0M$391.0M$512.0M$831.0M
Inventory$0$-1.0M$39.0M$50.0M$35.0M$49.0M$61.0M$53.0M$46.0M$29.0M
Receivables$58.0M$84.0M$132.0M$203.0M$68.0M$90.0M$202.0M$195.0M$145.0M$153.0M
Fixed Assets$1.6B$2.0B$1.9B$1.8B$1.6B$1.4B$1.3B$1.2B$1.2B$1.0B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$81.0M$25.0M$26.0M$28.0M$29.0M$13.0M$16.0M$16.0M$38.0M$22.0M
Other Assets$8.0M$8.0M$8.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Total Liabilities$1.0B$1.2B$1.2B$1.2B$761.0M$780.0M$714.0M$392.0M$217.0M$198.0M
Current Liabilities$237.0M$237.0M$198.0M$288.0M$197.0M$157.0M$170.0M$168.0M$132.0M$135.0M
Borrowings$933.0M$1.1B$1.1B$1.0B$617.0M$654.0M$576.0M$225.0M$62.0M$55.0M
Other Liabilities$79.0M$90.0M$103.0M$204.0M$144.0M$126.0M$137.0M$167.0M$155.0M$143.0M
Equity$1.1B$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Reserves$921.0M$1.0B$947.0M$990.0M$1.1B$838.0M$1.1B$1.6B$1.8B$2.0B

For Teekay Tankers Ltd., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $113.0M; free cash flow was positive in 8 of 10 years; financing activities used $1.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$210.0M$80.0M$-7.0M$118.0M$348.0M$-107.0M$193.0M$626.0M$472.0M$306.0M
Investing Cash Flow$31.0M$75.0M$-10.0M$-3.0M$58.0M$17.0M$36.0M$7.0M$-80.0M$-115.0M
Financing Cash Flow$-31.0M$-3.0M$0$0$-41.0M$0$-1.0M$-2.0M$-101.0M$-1.0M
Net Cash Flow$-28.0M$-23.0M$-15.0M$36.0M$6.0M$-47.0M$131.0M$178.0M$123.0M$316.0M
Free Cash Flow$201.0M$75.0M$-13.0M$106.0M$332.0M$-129.0M$178.0M$616.0M$397.0M$113.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.05
EV / EBITDA4.17
FCF Yield10.27%
Quick Ratio9.73
Interest Coverage169.76
Return 1Y76.12%
Return 3Y124.10%
Return 5Y599.39%

Teekay Tankers Ltd. (TNK) financials — frequently asked questions

What is Teekay Tankers Ltd.'s annual revenue?

Teekay Tankers Ltd. (TNK) reported annual revenue of $952.0M in its most recent fiscal year.

What is Teekay Tankers Ltd.'s net profit?

Teekay Tankers Ltd. (TNK) reported net profit of $351.0M in its most recent fiscal year.

What is TNK EV/EBITDA?

Teekay Tankers Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 4.17.

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