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 Oct 16, 2026, 10:12 UTC 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

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$952M	$351M	66.7%	32.5%	17.2%	15.7%	$116M	—	$831M
2024	$1.2B	$404M	67.0%	30.9%	23.0%	20.4%	$401M	—	$512M
2023	$1.5B	$520M	67.8%	37.1%	33.5%	26.8%	$631M	—	$391M
2022	$1.2B	$235M	57.9%	22.4%	21.6%	13.2%	$200M	$0	$207M
2021	$542M	-$242M	41.9%	-35.8%	-28.6%	-15.0%	-$129M	$345M	$71M
2020	$886M	$87M	66.5%	16.0%	8.1%	4.7%	$332M	$253M	$97M
2019	$944M	$41M	57.4%	13.1%	4.2%	1.9%	$106M	$610M	$89M
2018	$776M	-$53M	50.9%	0.9%	-5.5%	-2.4%	-$13M	$735M	$55M
2017	$431M	-$58M	82.1%	0.3%	-5.8%	-2.6%	$76M	$952M	$71M
2016	$551M	$68M	90.3%	17.6%	7.3%	3.5%	$197M	$933M	$94M
2015	—	$184M	—	—	20.4%	8.3%	-$34M	$1.2B	$157M
2014	—	$69M	—	—	13.9%	5.6%	$14M	$709M	$188M
2013	—	-$3M	—	—	-0.5%	-0.2%	—	$745M	$49M
2012	—	-$370M	—	—	-117.6%	-33.5%	—	$736M	$26M
2011	—	-$113M	—	—	-19.6%	-6.9%	—	$909M	$19M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Dec '21	$160M	-$40M	40.1%	-13.3%	-4.7%	-2.5%	-$29M	$345M	$71M
Sep '21	$116M	-$52M	32.4%	-35.8%	-5.9%	-3.2%	-$46M	$398M	$61M
Jun '21	$123M	-$129M	41.8%	-96.8%	-13.9%	-7.8%	—	$304M	$60M
Mar '21	—	-$21M	—	—	-2.0%	—	—	—	—
Dec '20	$128M	-$73M	54.1%	-33.1%	-6.8%	-4.0%	-$7M	$253M	$97M
Sep '20	$170M	-$44M	66.1%	-17.1%	-3.9%	-2.3%	$37M	$235M	$121M
Jun '20	$246M	$98M	75.0%	37.7%	8.2%	4.7%	—	$323M	$168M
Mar '20	—	$107M	—	—	9.7%	—	—	—	—
Dec '19	$311M	$63M	65.0%	29.4%	6.4%	2.8%	$50M	$610M	$89M
Sep '19	$187M	-$20M	50.5%	-2.6%	-2.1%	-0.9%	-$2M	$659M	$77M
Jun '19	$207M	-$14M	52.9%	2.4%	-1.5%	-0.7%	—	$608M	$35M
Mar '19	—	$12M	—	—	1.3%	—	—	—	—
Dec '18	$260M	$12M	49.6%	12.0%	1.2%	0.5%	-$4M	$735M	$55M
Sep '18	$176M	-$17M	52.8%	-1.2%	-1.9%	-0.8%	-$17M	$807M	$54M
Jun '18	$172M	-$27M	49.4%	-7.8%	-2.9%	-1.3%	—	$934M	$48M
Mar '18	—	-$19M	—	—	-2.0%	—	—	—	—
Dec '17	$101M	-$2M	84.2%	2.8%	-0.2%	-0.1%	$11M	$952M	$71M
Sep '17	$91M	-$22M	79.9%	-15.1%	-2.6%	-1.3%	$2M	$646M	$61M
Jun '17	$109M	-$37M	82.1%	1.5%	-4.2%	-2.1%	—	$822M	$87M
Dec '16	—	$9M	—	—	1.0%	0.5%	$24M	$933M	$94M

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.

The price-to-earnings ratio has risen from 6.3× (Mar '23) to 9.4× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 3.5× (Nov '26).
The dividend yield has fallen from 2.7% (Jan '24) to 2.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

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?

Teekay Tankers Ltd.'s P/E (TTM) is 9.40 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TNK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.