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Teekay Tankers Ltd. (TNK)
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Teekay Tankers Ltd. Income Statement 2025-2008 | TNK
Brief overview of financial performance at Teekay Tankers Ltd.
The comparison covers a five-year financial horizon. Revenue at Teekay Tankers Ltd. moved from 886 million dollars in 2020 to 952 million dollars in 2025. Across the full period, sales moved by +7.4%; the average annual rate was 1.4%. The business did not achieve meaningful top-line expansion.
Gross profit changed from $251 million to $634 million (+152.3%). Direct costs broadly followed the top-line trend. Gross margin moved from 28.4% to 66.7%. Improving gross profitability strengthens the quality of revenue growth.
The five-year EBITDA result moved by +52.9%: from $259 million to $396 million. Operating profitability strengthened faster than the scale of sales. The EBITDA share of revenue changed from 29.2% to 41.6%. Higher profitability strengthens the quality of operating growth.
Over the period, net income shifted from $87.3 million to $351 million (+302.2%). Net income grew faster than revenue, indicating improved overall efficiency.
The market value of the business moved from 425 million dollars to 2.2 billion dollars, or +416.7%. Valuation expanded much faster than the underlying results.
Summary assessment
The figures do not all move in the same direction. The constructive conclusion rests on better sales economics, an improving EBITDA margin and improving net profitability. The weaker side of the profile includes weak sales momentum. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Teekay Tankers Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.19 B | 1.19 B | 1.9 B | 1.49 B | 484 M | 425 M | 556 M | 287 M | 210 M | 2.87 B | 4.51 B | 2.91 B | 1.85 B | 1.41 B | 1.52 B | 3.53 B | - | - |
Shares |
34.6 M | 34.4 M | 34.2 M | 34 M | 33.9 M | 33.7 M | 33.6 M | 33.6 M | 23.4 M | 21.3 M | 18.1 M | 10.8 M | 10.4 M | 9.9 M | 7.6 M | 42.3 M | - | - |
Historical Prices |
63.4 | 34.5 | 55.8 | 43.7 | 14.3 | 12.6 | 16.6 | 8.56 | 8.96 | 17 | 27.4 | 38.3 | 29.8 | 15 | 24.3 | 83.3 | 99.7 | 176 |
Net Income |
351 M | 404 M | 520 M | 235 M | -242 M | 87.3 M | 41.4 M | -52.5 M | -58 M | 67.8 M | 184 M | 60.5 M | -8.1 M | -370 M | -9.1 M | -23.1 M | 42.1 M | - |
Revenue |
952 M | 1.23 B | 1.47 B | 1.18 B | 542 M | 886 M | 944 M | 776 M | 431 M | 551 M | 535 M | 250 M | 170 M | 197 M | 121 M | 240 M | - | - |
Cost of Revenue |
317 M | 406 M | 474 M | 496 M | 315 M | 297 M | 402 M | 381 M | 77.4 M | 53.6 M | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | 251 M | 290 M | 167 M | 148 M | 255 M | 304 M | 118 M | 63.9 M | 99.6 M | 72.2 M | - | - | - |
Operating Income |
309 M | 380 M | 547 M | 264 M | -194 M | 142 M | 124 M | 7.2 M | 1.42 M | 96.8 M | 194 M | 62.1 M | 9.27 M | -340 M | -44.4 M | 57.6 M | 50.6 M | - |
Interest Expense |
2.9 M | 7.47 M | 27.7 M | 35.8 M | 35 M | 51.5 M | 65.4 M | 58.7 M | 31.3 M | 29.8 M | 17.4 M | 9.13 M | 10.5 M | 20 M | 40.5 M | 51.1 M | 12.1 M | - |
EBITDA |
396 M | 474 M | 644 M | 363 M | -88 M | 259 M | 248 M | 126 M | 102 M | 201 M | 267 M | 115 M | 51.2 M | -268 M | 50.3 M | 135 M | 95.8 M | - |
Operating Expenses |
- | - | - | - | - | 39 M | 36.4 M | 49.2 M | 32.9 M | 18.2 M | 20.7 M | 11.8 M | 12.6 M | 14.9 M | 51.8 M | 183 M | 109 M | - |
General and Administrative Expenses |
46.6 M | 46.6 M | 43.7 M | 41.1 M | 43.7 M | 39 M | 36.4 M | 39.8 M | 32.9 M | 33.2 M | 30.4 M | 12.8 M | 12.6 M | 14.9 M | 8.6 M | 16.6 M | 11.8 M | - |
All numbers in USD currency
Quarterly Income Statement Teekay Tankers Ltd.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
34.6 M | 34.4 M | 34.2 M | - | - | - | - | - | 33.9 M | 33.8 M | - | - | 33.7 M | 33.7 M | - | - | 33.6 M | 33.6 M | - | - | 269 M | 269 M | - | - | 179 M | 179 M | - | - | 170 M | 156 M | - | - | 135 M | 116 M | - | - | - | 83.7 M | - | 83.6 M | - | 83.6 M | - | 83.6 M | - | 79.9 M | - | 61.9 M | - | - | - | 42.3 M | - | - |
Net Income |
351 M | 404 M | 520 M | - | - | - | - | - | -52.1 M | -129 M | -21.4 M | - | -44.4 M | 98.2 M | 107 M | - | -19.8 M | -14.3 M | 12.4 M | - | -17.5 M | -27.4 M | -19.2 M | - | -22.4 M | -37.5 M | - | - | -5.46 M | 22.5 M | - | - | 41.2 M | 44.2 M | - | - | - | 4.59 M | - | - | - | -5.72 M | - | - | - | 1.08 M | - | - | - | - | - | -23.1 M | 55.5 M | - |
Revenue |
952 M | 1.23 B | 1.47 B | - | - | - | - | - | 116 M | 123 M | - | - | 170 M | 246 M | - | - | 187 M | 207 M | - | - | 176 M | 172 M | - | - | 91.2 M | 109 M | - | - | 110 M | 146 M | - | - | 126 M | 111 M | - | - | - | 44.4 M | - | - | - | 43.5 M | - | - | - | 51 M | - | - | - | - | - | 240 M | - | - |
Cost of Revenue |
317 M | 406 M | 474 M | - | - | - | - | - | 78.3 M | 71.8 M | - | - | 57.8 M | 61.6 M | - | - | 92.9 M | 97.4 M | - | - | 83 M | 86.9 M | - | - | 18.3 M | 19.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
309 M | 380 M | 547 M | - | - | - | - | - | -41.5 M | -119 M | - | - | -29.2 M | 93 M | - | - | -4.87 M | 5.05 M | - | - | -2.17 M | -13.4 M | - | - | -13.7 M | 1.59 M | - | - | -3.21 M | 32.9 M | - | - | 44.6 M | 44.7 M | - | - | - | 10.5 M | - | - | - | -5.53 M | - | - | - | 6.92 M | - | - | - | - | - | 57.6 M | 81.3 M | - |
Interest Expense |
2.9 M | 7.47 M | 27.7 M | - | - | - | - | - | 8.58 M | 9.3 M | - | - | 12.6 M | 13.5 M | - | - | 16.1 M | 16.6 M | - | - | 15 M | 13.9 M | - | - | 7.3 M | 7.08 M | - | - | 6.81 M | 7.34 M | - | - | 4.01 M | 3.18 M | - | - | - | 2.27 M | - | - | - | 2.6 M | - | - | - | 6.65 M | - | - | - | - | - | 51.1 M | 36.2 M | - |
EBITDA |
396 M | 474 M | 644 M | - | - | - | - | - | -15.7 M | -92.5 M | - | - | 799 K | 123 M | - | - | 26.7 M | 35.7 M | - | - | 27.4 M | 16.2 M | - | - | 10.6 M | 26 M | - | - | 22.7 M | 58.6 M | - | - | 62.5 M | 60.7 M | - | - | - | 22.9 M | - | - | - | 6.39 M | - | - | - | 25 M | - | - | - | - | - | 135 M | 157 M | - |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.9 M | - | - | - | 49 M | - | - | - | 44.1 M | - | - | - | - | - | 183 M | 183 M | - |
General and Administrative Expenses |
46.6 M | 46.6 M | 43.7 M | - | - | - | - | - | 10.5 M | 12.2 M | - | - | 9.89 M | 9.78 M | - | - | 8.74 M | 9.51 M | - | - | 8.75 M | 9.41 M | - | - | 7.62 M | 8.36 M | - | - | 8.21 M | 9.5 M | - | - | - | 3.04 M | - | - | - | 3.16 M | - | - | - | 3.36 M | - | - | - | 2.32 M | - | - | - | - | - | 16.6 M | 19.9 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Teekay Tankers Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.