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TNK Financials Teekay Tankers Ltd.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 1.4% per year over the past 5 years.
  • Net income has grown faster than revenue (32.1% vs 1.4% per year).
  • Operating margin has expanded, at 32.5% in the latest year.
  • Free cash flow has declined 19.0% per year over the past 5 years.

Financial health

  • Operating income covered interest expense 107× in the latest year, up from 2.7× 5 years ago.

Shareholder returns

  • Dividends have been paid for 3 consecutive years, consuming 19.6% of earnings and 59.7% of free cash flow.
Revenue & net income
-$370M $552M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-45% 23% 90% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$129M $251M $631M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $582M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$881M -$117M $648M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $952M $351M 66.7% 32.5% $116M — $831M
2024 $1.2B $404M 67.0% 30.9% $401M — $512M
2023 $1.5B $520M 67.8% 37.1% $631M — $391M
2022 $1.2B $235M 57.9% 22.4% $200M $0 $207M
2021 $542M -$242M 41.9% -35.8% -$129M $345M $71M
2020 $886M $87M 66.5% 16.0% $332M $253M $97M
2019 $944M $41M 57.4% 13.1% $106M $610M $89M
2018 $776M -$53M 50.9% 0.9% -$13M $735M $55M
2017 $431M -$58M 82.1% 0.3% $76M $952M $71M
2016 $551M $68M 90.3% 17.6% $197M $933M $94M
2015 — $184M — — -$34M $1.2B $157M
2014 — $69M — — $14M $709M $188M
2013 — -$3M — — — $745M $49M
2012 — -$370M — — — $736M $26M
2011 — -$113M — — — $909M $19M

Valuation over time

How the market has priced TNK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 3.9 7.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.4 2.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 3.9 7.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is TNK growing its revenue and profit?

Over the past 5 years, Teekay Tankers Ltd.'s revenue has grown 1.4% per year, and net income grown 32.1% per year. These are computed facts, not advice.

How much debt does TNK have?

As of FY2025, Teekay Tankers Ltd. reported — of total debt against $831M of cash; operating income covered interest expense 107×.

What is TNK's profit margin?

In FY2025, gross margin was 66.7%, operating margin 32.5%, and net margin 36.9%.

What is TNK's P/E ratio?

As of Jun '26, Teekay Tankers Ltd. traded at a price-to-earnings ratio of about 7.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.