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KNOP vs TK
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
KNOP vs TK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream |
| Market Cap | $380M | $1.14B |
| Revenue (TTM) | $359M | $993M |
| Net Income (TTM) | $53M | $79M |
| Gross Margin | 40.3% | 28.1% |
| Operating Margin | 30.9% | 24.8% |
| Forward P/E | 7.6x | 64.0x |
| Total Debt | $906M | $66M |
| Cash & Equiv. | $67M | $685M |
KNOP vs TK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| KNOT Offshore Partn… (KNOP) | 100 | 73.1 | -26.9% |
| Teekay Corporation (TK) | 100 | 480.9 | +380.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KNOP vs TK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KNOP carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 7.5%, EPS growth 120.4%, 3Y rev CAGR 3.6%
- Lower volatility, beta 0.36, current ratio 0.33x
- 7.5% revenue growth vs TK's -16.7%
TK is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 3 yrs, beta 0.38, yield 6.7%
- 87.8% 10Y total return vs KNOP's 41.9%
- Beta 0.38, yield 6.7%, current ratio 6.99x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.5% revenue growth vs TK's -16.7% | |
| Value | Lower P/E (7.6x vs 64.0x) | |
| Quality / Margins | 14.7% margin vs TK's 7.9% | |
| Stability / Safety | Beta 0.36 vs TK's 0.38 | |
| Dividends | 6.7% yield, 3-year raise streak, vs KNOP's 2.7% | |
| Momentum (1Y) | +87.7% vs KNOP's +77.2% | |
| Efficiency (ROA) | 3.5% ROA vs KNOP's 3.2%, ROIC 19.1% vs 3.7% |
KNOP vs TK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
KNOP vs TK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
KNOP leads this category, winning 6 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. KNOP is the more profitable business, keeping 14.7% 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 | ||
|---|---|---|
| RevenueTrailing 12 months | $359M | $993M |
| EBITDAEarnings before interest/tax | $225M | $334M |
| Net IncomeAfter-tax profit | $53M | $79M |
| Free Cash FlowCash after capex | $155M | $241M |
| Gross MarginGross profit ÷ Revenue | +40.3% | +28.1% |
| Operating MarginEBIT ÷ Revenue | +30.9% | +24.8% |
| Net MarginNet income ÷ Revenue | +14.7% | +7.9% |
| FCF MarginFCF ÷ Revenue | +43.2% | +24.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +27.0% | -29.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.0% | -2.4% |
Valuation Metrics
Evenly matched — KNOP and TK each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 9.6x trailing earnings, TK trades at a 82% valuation discount to KNOP's 53.1x P/E. On an enterprise value basis, TK's 1.1x EV/EBITDA is more attractive than KNOP's 6.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $380M | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $525M |
| Trailing P/EPrice ÷ TTM EPS | 53.14x | 9.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.57x | 64.05x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 6.63x | 1.14x |
| Price / SalesMarket cap ÷ Revenue | 1.22x | 0.94x |
| Price / BookPrice ÷ Book value/share | 0.63x | 0.66x |
| Price / FCFMarket cap ÷ FCF | 2.79x | 2.92x |
Profitability & Efficiency
TK leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
KNOP delivers a 8.5% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $4 for TK. TK 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 TK's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.5% | +4.0% |
| ROA (TTM)Return on assets | +3.2% | +3.5% |
| ROICReturn on invested capital | +3.7% | +19.1% |
| ROCEReturn on capital employed | +5.3% | +18.1% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 1.48x | 0.03x |
| Net DebtTotal debt minus cash | $839M | -$620M |
| Cash & Equiv.Liquid assets | $67M | $685M |
| Total DebtShort + long-term debt | $906M | $66M |
| Interest CoverageEBIT ÷ Interest expense | 1.79x | 69.29x |
Total Returns (Dividends Reinvested)
TK leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TK five years ago would be worth $52,251 today (with dividends reinvested), compared to $7,624 for KNOP. Over the past 12 months, TK leads with a +87.7% total return vs KNOP's +77.2%. The 3-year compound annual growth rate (CAGR) favors TK at 49.8% vs KNOP's 37.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +9.4% | +54.4% |
| 1-Year ReturnPast 12 months | +77.2% | +87.7% |
| 3-Year ReturnCumulative with dividends | +160.1% | +235.9% |
| 5-Year ReturnCumulative with dividends | -23.8% | +422.5% |
| 10-Year ReturnCumulative with dividends | +41.9% | +87.8% |
| CAGR (3Y)Annualised 3-year return | +37.5% | +49.8% |
Risk & Volatility
KNOP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
KNOP is the less volatile stock with a 0.36 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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.36x | 0.38x |
| 52-Week HighHighest price in past year | $11.55 | $14.22 |
| 52-Week LowLowest price in past year | $6.16 | $7.12 |
| % of 52W HighCurrent price vs 52-week peak | +96.6% | +95.8% |
| RSI (14)Momentum oscillator 0–100 | 72.8 | 69.5 |
| Avg Volume (50D)Average daily shares traded | 118K | 518K |
Analyst Outlook
TK leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates KNOP as "Buy" and TK as "Buy". For income investors, TK offers the higher dividend yield at 6.69% vs KNOP's 2.72%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $16.00 | — |
| # AnalystsCovering analysts | 12 | 14 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +6.7% |
| Dividend StreakConsecutive years of raises | 1 | 3 |
| Dividend / ShareAnnual DPS | $0.30 | $0.91 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +10.2% |
TK leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). KNOP leads in 2 (Income & Cash Flow, Risk & Volatility). 1 tied.
KNOP vs TK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is KNOP or TK 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 -16. 7% for Teekay Corporation (TK). Teekay Corporation (TK) offers the better valuation at 9. 6x trailing P/E (64. 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?
On trailing P/E, Teekay Corporation (TK) is the cheapest at 9.
6x versus KNOT Offshore Partners LP at 53. 1x. On forward P/E, KNOT Offshore Partners LP is actually cheaper at 7. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — KNOP or TK?
Over the past 5 years, Teekay Corporation (TK) delivered a total return of +422.
5%, compared to -23. 8% for KNOT Offshore Partners LP (KNOP). Over 10 years, the gap is even starker: TK returned +97. 1% 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?
By beta (market sensitivity over 5 years), KNOT Offshore Partners LP (KNOP) is the lower-risk stock at 0.
36β versus Teekay Corporation's 0. 38β — meaning TK is approximately 6% more volatile than KNOP relative to the S&P 500. On balance sheet safety, Teekay Corporation (TK) 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?
By revenue growth (latest reported year), KNOT Offshore Partners LP (KNOP) is pulling ahead at 7.
5% versus -16. 7% for Teekay Corporation (TK). On earnings-per-share growth, the picture is similar: KNOT Offshore Partners LP grew EPS 120. 4% year-over-year, compared to -7. 8% for Teekay Corporation. 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?
Teekay Corporation (TK) is the more profitable company, earning 11.
0% net margin versus 4. 5% for KNOT Offshore Partners LP — meaning it keeps 11. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TK leads at 29. 9% versus 23. 3% for KNOP. 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 more undervalued right now?
On forward earnings alone, KNOT Offshore Partners LP (KNOP) trades at 7.
6x forward P/E versus 64. 0x for Teekay Corporation — 56. 5x cheaper on a one-year earnings basis.
08Which pays a better dividend — KNOP or TK?
All stocks in this comparison pay dividends.
Teekay Corporation (TK) offers the highest yield at 6. 7%, versus 2. 7% for KNOT Offshore Partners LP (KNOP).
09Is KNOP or TK better for a retirement portfolio?
For long-horizon retirement investors, Teekay Corporation (TK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
38), 6. 7% yield). Both have compounded well over 10 years (TK: +97. 1%, 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?
These companies operate in different sectors (KNOP (Industrials) and TK (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. 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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