Teekay Tankers Financial Statements
NYSE: TNKConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Teekay Tankers revenue and earnings
In fiscal 2025, Teekay Tankers generated $951.8 million in revenue, down 22.6% from fiscal 2024, its first annual decline since 2024. Net income was $351.2 million (-13.0% year over year), for a net margin of 36.9% versus a median of 20.0% in the prior 5 years. Gross margin was 66.7% (down from 67.0%) and operating margin 32.5%.
Diluted earnings per share came in at $10.10, down from $11.63. Over the last 5 fiscal years, TNK's revenue has grown at a 1.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Teekay Tankers income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 951.80M | 1.23B | 1.47B | 1.18B | 542.37M | 886.43M | 943.92M | 776.49M | 431.18M | 550.54M |
| Revenue growth (YoY) | -22.58% | -16.58% | +25.11% | +117.19% | -38.81% | -6.09% | +21.56% | +80.09% | -21.68% | +2.97% |
| Cost of Revenue | 317.37M | 405.55M | 474.37M | 495.60M | 315.12M | 297.23M | 402.29M | 381.31M | 77.37M | 53.60M |
| Gross Profit | 634.42M | 823.79M | 999.33M | 682.35M | 227.25M | 589.21M | 541.62M | 395.19M | 353.81M | 496.94M |
| Operating Expenses | 325.32M | 443.65M | 452.56M | 418.53M | 421.34M | 447.64M | 417.74M | 387.98M | 352.39M | 400.19M |
| Operating Income | 309.10M | 380.14M | 546.76M | 263.82M | -194.09M | 141.57M | 123.88M | 7.20M | 1.42M | 96.75M |
| Interest Expense | 2.90M | 7.47M | 27.71M | 35.75M | 35.03M | 51.52M | 65.36M | 58.65M | 31.29M | 29.78M |
| Other Income (Expense) | 1.75M | 4.56M | -1.40M | 2.71M | -1.76M | 473.00K | 695.00K | 3.18M | 329.00K | 1.53M |
| Pretax Income | 347.26M | 404.07M | 532.48M | 237.66M | -244.30M | 94.60M | 61.47M | -43.14M | -52.69M | — |
| Income Tax | -3.92M | 405.00K | 12.59M | 2.24M | -1.93M | 7.28M | 20.10M | 9.41M | -5.33M | — |
| Net Income | 351.19M | 403.67M | 519.89M | 235.43M | -242.37M | 87.32M | 41.36M | -52.55M | -58.02M | 67.82M |
| Net Income growth (YoY) | -13.00% | -22.36% | +120.83% | — | -377.58% | +111.10% | — | — | -185.55% | -61.67% |
| EPS (Basic) | 10.15 | 11.73 | 15.22 | 6.92 | -7.16 | 2.59 | 1.23 | -1.57 | -2.48 | 0.40 |
| EPS (Diluted) | 10.10 | 11.63 | 15.04 | 6.87 | -7.16 | 2.57 | 1.23 | -1.57 | -2.48 | 0.40 |
| Shares Outstanding (Basic) | 34.60M | 34.41M | 34.16M | 34.00M | 33.86M | 33.72M | 33.62M | 33.56M | 23.40M | 170.10M |
| Shares Outstanding (Diluted) | 34.78M | 34.71M | 34.57M | 34.29M | 33.86M | 33.92M | 33.73M | 33.56M | 23.40M | 170.34M |
| EBITDA | 395.73M | 473.73M | 644.32M | 362.86M | -88.01M | 258.79M | 247.88M | 125.72M | 101.90M | 200.90M |
| Gross Margin | 66.66% | 67.01% | 67.81% | 57.93% | 41.90% | 66.47% | 57.38% | 50.89% | 82.06% | 90.26% |
| Operating Margin | 32.48% | 30.92% | 37.10% | 22.40% | -35.79% | 15.97% | 13.12% | 93.00% | 33.00% | 17.57% |
| Net Margin | 36.90% | 32.84% | 35.28% | 19.99% | -44.69% | 9.85% | 4.38% | -6.77% | -13.46% | 12.32% |
This table shows 10 annual periods of Teekay Tankers's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TNK's reporting calendar. What is a income statement?