Oil & Gas Midstream
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TK vs FRO vs DHT vs INSW
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
TK vs FRO vs DHT vs INSW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $1.18B | $8.48B | $3.06B | $4.46B |
| Revenue (TTM) | $993M | $1.77B | $566M | $676M |
| Net Income (TTM) | $79M | $218M | $331M | $546M |
| Gross Margin | 28.1% | 26.5% | 47.5% | 40.6% |
| Operating Margin | 24.8% | 25.5% | 50.1% | 44.4% |
| Forward P/E | 64.0x | 6.0x | 7.0x | 8.5x |
| Total Debt | $66M | $3.75B | $429M | $576M |
| Cash & Equiv. | $685M | $414M | $79M | $117M |
TK vs FRO vs DHT vs INSW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Teekay Corporation (TK) | 100 | 480.9 | +380.9% |
| Frontline Ltd. (FRO) | 100 | 417.3 | +317.3% |
| DHT Holdings, Inc. (DHT) | 100 | 320.0 | +220.0% |
| International Seawa… (INSW) | 100 | 397.6 | +297.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TK vs FRO vs DHT vs INSW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TK is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 0.38, yield 6.5%
- Lower volatility, beta 0.38, Low D/E 3.4%, current ratio 6.99x
- Beta 0.38, yield 6.5%, current ratio 6.99x
- 6.5% yield, 3-year raise streak, vs FRO's 5.1%
FRO has the current edge in this matchup, primarily because of its strength in growth exposure.
- Rev growth 13.8%, EPS growth -24.4%, 3Y rev CAGR 39.9%
- 13.8% revenue growth vs TK's -16.7%
- Lower P/E (6.0x vs 8.5x)
DHT is the #2 pick in this set and the best alternative if stability and efficiency is your priority.
- Beta 0.27 vs INSW's 0.43
- 21.3% ROA vs TK's 3.5%, ROIC 8.9% vs 19.1%
INSW is the clearest fit if your priority is long-term compounding.
- 10.1% 10Y total return vs FRO's 5.1%
- 80.8% margin vs TK's 7.9%
- +160.2% vs DHT's +79.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.8% revenue growth vs TK's -16.7% | |
| Value | Lower P/E (6.0x vs 8.5x) | |
| Quality / Margins | 80.8% margin vs TK's 7.9% | |
| Stability / Safety | Beta 0.27 vs INSW's 0.43 | |
| Dividends | 6.5% yield, 3-year raise streak, vs FRO's 5.1% | |
| Momentum (1Y) | +160.2% vs DHT's +79.6% | |
| Efficiency (ROA) | 21.3% ROA vs TK's 3.5%, ROIC 8.9% vs 19.1% |
TK vs FRO vs DHT vs INSW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TK vs FRO vs DHT vs INSW — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
TK leads in 3 of 6 categories
DHT leads 1 • INSW leads 1 • FRO leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
DHT leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FRO is the larger business by revenue, generating $1.8B annually — 3.1x DHT's $566M. INSW is the more profitable business, keeping 80.8% of every revenue dollar as net income compared to TK's 7.9%. On growth, DHT holds the edge at +57.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $993M | $1.8B | $566M | $676M |
| EBITDAEarnings before interest/tax | $334M | $781M | $388M | $465M |
| Net IncomeAfter-tax profit | $79M | $218M | $331M | $546M |
| Free Cash FlowCash after capex | $241M | $557M | -$131M | $193M |
| Gross MarginGross profit ÷ Revenue | +28.1% | +26.5% | +47.5% | +40.6% |
| Operating MarginEBIT ÷ Revenue | +24.8% | +25.5% | +50.1% | +44.4% |
| Net MarginNet income ÷ Revenue | +7.9% | +12.3% | +58.6% | +80.8% |
| FCF MarginFCF ÷ Revenue | +24.2% | +31.5% | -23.1% | +28.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -29.0% | -11.8% | +57.3% | -91.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.4% | -33.3% | +2.8% | +4.8% |
Valuation Metrics
TK leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 9.9x trailing earnings, TK trades at a 42% valuation discount to FRO's 17.1x P/E. On an enterprise value basis, TK's 1.2x EV/EBITDA is more attractive than DHT's 12.3x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.2B | $8.5B | $3.1B | $4.5B |
| Enterprise ValueMkt cap + debt − cash | $565M | $11.8B | $3.4B | $4.9B |
| Trailing P/EPrice ÷ TTM EPS | 9.92x | 17.09x | 14.51x | 14.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 64.05x | 5.99x | 7.01x | 8.52x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.73x | — | — |
| EV / EBITDAEnterprise value multiple | 1.23x | 10.54x | 12.35x | 10.48x |
| Price / SalesMarket cap ÷ Revenue | 0.97x | 4.14x | 6.16x | 5.29x |
| Price / BookPrice ÷ Book value/share | 0.68x | 3.62x | 2.70x | 2.21x |
| Price / FCFMarket cap ÷ FCF | 3.02x | — | — | 117.08x |
Profitability & Efficiency
TK leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
DHT delivers a 29.1% return on equity — every $100 of shareholder capital generates $29 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 FRO's 1.60x. On the Piotroski fundamental quality scale (0–9), DHT scores 7/9 vs FRO's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +4.0% | +9.4% | +29.1% | +27.1% |
| ROA (TTM)Return on assets | +3.5% | +3.8% | +21.3% | +20.1% |
| ROICReturn on invested capital | +19.1% | +10.6% | +8.9% | +9.4% |
| ROCEReturn on capital employed | +18.1% | +14.1% | +11.7% | +12.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.03x | 1.60x | 0.38x | 0.29x |
| Net DebtTotal debt minus cash | -$620M | $3.3B | $350M | $459M |
| Cash & Equiv.Liquid assets | $685M | $414M | $79M | $117M |
| Total DebtShort + long-term debt | $66M | $3.7B | $429M | $576M |
| Interest CoverageEBIT ÷ Interest expense | 69.29x | 1.87x | 25.61x | 0.90x |
Total Returns (Dividends Reinvested)
INSW leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FRO five years ago would be worth $56,570 today (with dividends reinvested), compared to $38,217 for DHT. Over the past 12 months, INSW leads with a +160.2% total return vs DHT's +79.6%. The 3-year compound annual growth rate (CAGR) favors TK at 51.1% vs DHT's 38.9% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +59.8% | +90.1% | +65.4% | +96.5% |
| 1-Year ReturnPast 12 months | +91.5% | +132.3% | +79.6% | +160.2% |
| 3-Year ReturnCumulative with dividends | +244.7% | +203.4% | +167.8% | +179.7% |
| 5-Year ReturnCumulative with dividends | +412.3% | +465.7% | +282.2% | +438.1% |
| 10-Year ReturnCumulative with dividends | +97.1% | +513.5% | +318.3% | +1014.5% |
| CAGR (3Y)Annualised 3-year return | +51.1% | +44.8% | +38.9% | +40.9% |
Risk & Volatility
Evenly matched — TK and DHT each lead in 1 of 2 comparable metrics.
Risk & Volatility
DHT is the less volatile stock with a 0.27 beta — it tends to amplify market swings less than INSW's 0.43 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 DHT's 92.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.38x | 0.36x | 0.27x | 0.43x |
| 52-Week HighHighest price in past year | $14.22 | $39.89 | $20.55 | $91.58 |
| 52-Week LowLowest price in past year | $7.12 | $16.25 | $10.61 | $35.60 |
| % of 52W HighCurrent price vs 52-week peak | +99.1% | +95.5% | +92.5% | +98.5% |
| RSI (14)Momentum oscillator 0–100 | 60.2 | 61.4 | 58.8 | 67.3 |
| Avg Volume (50D)Average daily shares traded | 513K | 4.0M | 4.7M | 597K |
Analyst Outlook
TK leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: TK as "Buy", FRO as "Hold", DHT as "Buy", INSW as "Buy". Consensus price targets imply 1.0% upside for FRO (target: $39) vs -7.6% for INSW (target: $83). For income investors, TK offers the higher dividend yield at 6.47% vs INSW's 3.23%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $38.50 | $18.00 | $83.33 |
| # AnalystsCovering analysts | 14 | 22 | 16 | 13 |
| Dividend YieldAnnual dividend ÷ price | +6.5% | +5.1% | +3.9% | +3.2% |
| Dividend StreakConsecutive years of raises | 3 | 0 | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.91 | $1.95 | $0.74 | $2.92 |
| Buyback YieldShare repurchases ÷ mkt cap | +9.8% | 0.0% | 0.0% | 0.0% |
TK leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). DHT leads in 1 (Income & Cash Flow). 1 tied.
TK vs FRO vs DHT vs INSW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is TK or FRO or DHT or INSW a better buy right now?
For growth investors, Frontline Ltd.
(FRO) is the stronger pick with 13. 8% revenue growth year-over-year, versus -16. 7% for Teekay Corporation (TK). Teekay Corporation (TK) offers the better valuation at 9. 9x trailing P/E (64. 0x forward), making it the more compelling value choice. Analysts rate Teekay Corporation (TK) a "Buy" — based on 14 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 — TK or FRO or DHT or INSW?
On trailing P/E, Teekay Corporation (TK) is the cheapest at 9.
9x versus Frontline Ltd. at 17. 1x. On forward P/E, Frontline Ltd. is actually cheaper at 6. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TK or FRO or DHT or INSW?
Over the past 5 years, Frontline Ltd.
(FRO) delivered a total return of +465. 7%, compared to +282. 2% for DHT Holdings, Inc. (DHT). Over 10 years, the gap is even starker: INSW returned +1015% versus TK's +97. 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 — TK or FRO or DHT or INSW?
By beta (market sensitivity over 5 years), DHT Holdings, Inc.
(DHT) is the lower-risk stock at 0. 27β versus International Seaways, Inc. 's 0. 43β — meaning INSW is approximately 58% more volatile than DHT relative to the S&P 500. On balance sheet safety, Teekay Corporation (TK) carries a lower debt/equity ratio of 3% versus 160% for Frontline Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — TK or FRO or DHT or INSW?
By revenue growth (latest reported year), Frontline Ltd.
(FRO) is pulling ahead at 13. 8% versus -16. 7% for Teekay Corporation (TK). On earnings-per-share growth, the picture is similar: DHT Holdings, Inc. grew EPS 17. 0% year-over-year, compared to -25. 7% for International Seaways, Inc.. Over a 3-year CAGR, FRO leads at 39. 9% 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 — TK or FRO or DHT or INSW?
DHT Holdings, Inc.
(DHT) is the more profitable company, earning 42. 5% net margin versus 11. 0% for Teekay Corporation — meaning it keeps 42. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FRO leads at 38. 1% versus 29. 9% for TK. At the gross margin level — before operating expenses — INSW leads at 42. 3%, 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 TK or FRO or DHT or INSW more undervalued right now?
On forward earnings alone, Frontline Ltd.
(FRO) trades at 6. 0x forward P/E versus 64. 0x for Teekay Corporation — 58. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FRO: 1. 0% to $38. 50.
08Which pays a better dividend — TK or FRO or DHT or INSW?
All stocks in this comparison pay dividends.
Teekay Corporation (TK) offers the highest yield at 6. 5%, versus 3. 2% for International Seaways, Inc. (INSW).
09Is TK or FRO or DHT or INSW better for a retirement portfolio?
For long-horizon retirement investors, International Seaways, Inc.
(INSW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 43), 3. 2% yield, +1015% 10Y return). Both have compounded well over 10 years (INSW: +1015%, TK: +97. 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 TK and FRO and DHT and INSW?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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