KNOP
KNOT Offshore Partners LP
Marine Shipping
Market Cap$377M
5Y Perf.-26.9%
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Stock Comparison
KNOP vs TK vs TNK
Revenue, margins, valuation, and 5-year total return — side by side.
TK
Teekay Corporation
Oil & Gas Midstream
Market Cap$1.18B
5Y Perf.+380.9%
TNK
Teekay Tankers Ltd.
Oil & Gas Midstream
Market Cap$2.83B
5Y Perf.+367.6%
KNOP vs TK vs TNK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | KNOP | TK | TNK |
|---|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $377M | $1.18B | $2.83B |
| Revenue (TTM) | $359M | $993M | $952M |
| Net Income (TTM) | $53M | $79M | $351M |
| Gross Margin | 40.3% | 28.1% | 27.5% |
| Operating Margin | 30.9% | 24.8% | 27.5% |
| Forward P/E | 7.6x | 64.0x | 6.0x |
| Total Debt | $906M | $66M | $55M |
| Cash & Equiv. | $67M | $685M | $831M |
KNOP vs TK vs TNK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
KNOP
TK
TNK
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| KNOT Offshore Partn… (KNOP) | 100 | 73.1 | -26.9% |
| Teekay Corporation (TK) | 100 | 480.9 | +380.9% |
| Teekay Tankers Ltd. (TNK) | 100 | 467.6 | +367.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KNOP vs TK vs TNK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TNK leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Teekay Corporation is the stronger pick specifically for dividend income and shareholder returns and recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
KNOP
KNOT Offshore Partners LP
The Growth Play
KNOP is the clearest fit if your priority is growth exposure.
- Rev growth 7.5%, EPS growth 120.4%, 3Y rev CAGR 3.6%
- 7.5% revenue growth vs TNK's -22.6%
Best for: growth exposure
TK
Teekay Corporation
The Income Pick
TK is the clearest fit if your priority is income & stability.
- Dividend streak 3 yrs, beta 0.38, yield 6.5%
- 6.5% yield, 3-year raise streak, vs KNOP's 2.7%
- +91.5% vs KNOP's +69.1%
Best for: income & stability
TNK
Teekay Tankers Ltd.
The Long-Run Compounder
TNK carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 187.7% 10Y total return vs TK's 97.1%
- Lower volatility, beta 0.35, Low D/E 2.7%, current ratio 7.98x
- Beta 0.35, yield 2.4%, current ratio 7.98x
Best for: long-term compounding and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | KNOP | 7.5% revenue growth vs TNK's -22.6% |
| Value | TNK | Lower P/E (6.0x vs 64.0x) |
| Quality / Margins | TNK | 36.9% margin vs TK's 7.9% |
| Stability / Safety | TNK | Beta 0.35 vs TK's 0.38, lower leverage |
| Dividends | TK | 6.5% yield, 3-year raise streak, vs KNOP's 2.7% |
| Momentum (1Y) | TK | +91.5% vs KNOP's +69.1% |
| Efficiency (ROA) | TNK | 15.7% ROA vs KNOP's 3.2%, ROIC 12.5% vs 3.7% |
KNOP vs TK vs TNK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2024
FY 2024
KNOP vs TK vs TNK — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTKLAGGINGTNK
TNKTeekay Tankers Ltd.
1leads
KNOPKNOT Offshore Partner…
1leads
TKTeekay Corporation
2leads
6 Total Categories
CATEGORYLEADERvs KNOPvs TNKMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
KNOP5/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TNK6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TK4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
TK2/2
Income & Cash Flow (Last 12 Months)
KNOP leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TK is the larger business by revenue, generating $993M annually — 2.8x KNOP's $359M. TNK is the more profitable business, keeping 36.9% of every revenue dollar as net income compared to TK's 7.9%. On growth, KNOP holds the edge at +27.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| RevenueTrailing 12 months | $359M | $993M | $952M |
| EBITDAEarnings before interest/tax | $225M | $334M | $348M |
| Net IncomeAfter-tax profit | $53M | $79M | $351M |
| Free Cash FlowCash after capex | $155M | $241M | $113M |
| Gross MarginGross profit ÷ Revenue | +40.3% | +28.1% | +27.5% |
| Operating MarginEBIT ÷ Revenue | +30.9% | +24.8% | +27.5% |
| Net MarginNet income ÷ Revenue | +14.7% | +7.9% | +36.9% |
| FCF MarginFCF ÷ Revenue | +43.2% | +24.2% | +11.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +27.0% | -29.0% | -26.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.0% | -2.4% | +46.0% |
KNOP leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
Evenly matched — KNOP and TK and TNK each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 8.0x trailing earnings, TNK trades at a 85% valuation discount to KNOP's 52.8x P/E. On an enterprise value basis, TK's 1.2x EV/EBITDA is more attractive than TNK's 6.8x.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| Market CapShares × price | $377M | $1.2B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $565M | $2.1B |
| Trailing P/EPrice ÷ TTM EPS | 52.79x | 9.92x | 8.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.57x | 64.05x | 6.00x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 0.26x |
| EV / EBITDAEnterprise value multiple | 6.62x | 1.23x | 6.80x |
| Price / SalesMarket cap ÷ Revenue | 1.21x | 0.97x | 2.97x |
| Price / BookPrice ÷ Book value/share | 0.62x | 0.68x | 1.38x |
| Price / FCFMarket cap ÷ FCF | 2.77x | 3.02x | 25.09x |
Evenly matched — KNOP and TK and TNK each lead in 2 of 6 comparable metrics.
Profitability & Efficiency
TNK leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TNK delivers a 17.2% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $4 for TK. TNK carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to KNOP's 1.48x. On the Piotroski fundamental quality scale (0–9), KNOP scores 8/9 vs TNK's 4/9, reflecting strong financial health.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| ROE (TTM)Return on equity | +8.5% | +4.0% | +17.2% |
| ROA (TTM)Return on assets | +3.2% | +3.5% | +15.7% |
| ROICReturn on invested capital | +3.7% | +19.1% | +12.5% |
| ROCEReturn on capital employed | +5.3% | +18.1% | +10.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 | 4 |
| Debt / EquityFinancial leverage | 1.48x | 0.03x | 0.03x |
| Net DebtTotal debt minus cash | $839M | -$620M | -$776M |
| Cash & Equiv.Liquid assets | $67M | $685M | $831M |
| Total DebtShort + long-term debt | $906M | $66M | $55M |
| Interest CoverageEBIT ÷ Interest expense | 1.79x | 69.29x | 109.95x |
TNK leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TNK five years ago would be worth $61,384 today (with dividends reinvested), compared to $7,507 for KNOP. Over the past 12 months, TK leads with a +91.5% total return vs KNOP's +69.1%. The 3-year compound annual growth rate (CAGR) favors TK at 51.1% vs TNK's 33.2% — a key indicator of consistent wealth creation.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| YTD ReturnYear-to-date | +8.7% | +59.8% | +58.3% |
| 1-Year ReturnPast 12 months | +69.1% | +91.5% | +80.3% |
| 3-Year ReturnCumulative with dividends | +158.4% | +244.7% | +136.5% |
| 5-Year ReturnCumulative with dividends | -24.9% | +412.3% | +513.8% |
| 10-Year ReturnCumulative with dividends | +45.1% | +97.1% | +187.7% |
| CAGR (3Y)Annualised 3-year return | +37.2% | +51.1% | +33.2% |
TK leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — TK and TNK each lead in 1 of 2 comparable metrics.
Risk & Volatility
TNK is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than TK's 0.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TK currently trades 99.1% from its 52-week high vs KNOP's 96.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.36x | 0.38x | 0.35x |
| 52-Week HighHighest price in past year | $11.55 | $14.22 | $83.54 |
| 52-Week LowLowest price in past year | $6.16 | $7.12 | $41.05 |
| % of 52W HighCurrent price vs 52-week peak | +96.0% | +99.1% | +97.3% |
| RSI (14)Momentum oscillator 0–100 | 62.6 | 60.2 | 57.9 |
| Avg Volume (50D)Average daily shares traded | 119K | 513K | 542K |
Evenly matched — TK and TNK each lead in 1 of 2 comparable metrics.
Analyst Outlook
TK leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: KNOP as "Buy", TK as "Buy", TNK as "Buy". Consensus price targets imply 44.3% upside for KNOP (target: $16) vs 10.7% for TNK (target: $90). For income investors, TK offers the higher dividend yield at 6.47% vs TNK's 2.44%.
| Metric | KNOPKNOT Offshore Par… | TKTeekay Corporation | TNKTeekay Tankers Lt… |
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $16.00 | — | $90.00 |
| # AnalystsCovering analysts | 12 | 14 | 23 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +6.5% | +2.4% |
| Dividend StreakConsecutive years of raises | 1 | 3 | 0 |
| Dividend / ShareAnnual DPS | $0.30 | $0.91 | $1.98 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +9.8% | 0.0% |
TK leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
TK leads in 2 of 6 categories (Total Returns, Analyst Outlook). KNOP leads in 1 (Income & Cash Flow). 2 tied.
Best OverallTeekay Corporation (TK)Leads 2 of 6 categories
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KNOP vs TK vs TNK: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is KNOP or TK or TNK a better buy right now?
For growth investors, KNOT Offshore Partners LP (KNOP) is the stronger pick with 7.
5% revenue growth year-over-year, versus -22. 6% for Teekay Tankers Ltd. (TNK). Teekay Tankers Ltd. (TNK) offers the better valuation at 8. 0x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate KNOT Offshore Partners LP (KNOP) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KNOP or TK or TNK?
On trailing P/E, Teekay Tankers Ltd.
(TNK) is the cheapest at 8. 0x versus KNOT Offshore Partners LP at 52. 8x. On forward P/E, Teekay Tankers Ltd. is actually cheaper at 6. 0x.
03Which is the better long-term investment — KNOP or TK or TNK?
Over the past 5 years, Teekay Tankers Ltd.
(TNK) delivered a total return of +513. 8%, compared to -24. 9% for KNOT Offshore Partners LP (KNOP). Over 10 years, the gap is even starker: TNK returned +187. 7% versus KNOP's +45. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KNOP or TK or TNK?
By beta (market sensitivity over 5 years), Teekay Tankers Ltd.
(TNK) is the lower-risk stock at 0. 35β versus Teekay Corporation's 0. 38β — meaning TK is approximately 8% more volatile than TNK relative to the S&P 500. On balance sheet safety, Teekay Tankers Ltd. (TNK) carries a lower debt/equity ratio of 3% versus 148% for KNOT Offshore Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — KNOP or TK or TNK?
By revenue growth (latest reported year), KNOT Offshore Partners LP (KNOP) is pulling ahead at 7.
5% versus -22. 6% for Teekay Tankers Ltd. (TNK). On earnings-per-share growth, the picture is similar: KNOT Offshore Partners LP grew EPS 120. 4% year-over-year, compared to -13. 0% for Teekay Tankers Ltd.. Over a 3-year CAGR, TK leads at 21. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KNOP or TK or TNK?
Teekay Tankers Ltd.
(TNK) is the more profitable company, earning 36. 9% net margin versus 4. 5% for KNOT Offshore Partners LP — meaning it keeps 36. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TK leads at 29. 9% versus 22. 6% for TNK. At the gross margin level — before operating expenses — KNOP leads at 64. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is KNOP or TK or TNK more undervalued right now?
On forward earnings alone, Teekay Tankers Ltd.
(TNK) trades at 6. 0x forward P/E versus 64. 0x for Teekay Corporation — 58. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KNOP: 44. 3% to $16. 00.
08Which pays a better dividend — KNOP or TK or TNK?
All stocks in this comparison pay dividends.
Teekay Corporation (TK) offers the highest yield at 6. 5%, versus 2. 4% for Teekay Tankers Ltd. (TNK).
09Is KNOP or TK or TNK better for a retirement portfolio?
For long-horizon retirement investors, Teekay Tankers Ltd.
(TNK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 35), 2. 4% yield, +187. 7% 10Y return). Both have compounded well over 10 years (TNK: +187. 7%, KNOP: +45. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between KNOP and TK and TNK?
These companies operate in different sectors (KNOP (Industrials) and TK (Energy) and TNK (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: KNOP is a small-cap quality compounder stock; TK is a small-cap deep-value stock; TNK is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(KNOP: 27.0% · TK: -29.0%)Net Margin>
%
(KNOP: 14.7% · TK: 7.9%)P/E Ratio<
x
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