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Teekay Corporation (TK) 10-Year Financial Performance & Capital Metrics

TK • • Industrial / General
EnergyMidstream Oil & GasMarine TransportationCrude Oil Tanker Operators
AboutTeekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.Show more
  • Revenue $1.22B -16.7%
  • EBITDA $459M -27.1%
  • Net Income $134M -11.2%
  • EPS (Diluted) 1.42 -7.8%
  • Gross Margin 32.27% -18.6%
  • EBITDA Margin 37.6% -12.5%
  • Operating Margin 29.93% -17.5%
  • Net Margin 10.96% +6.6%
  • ROE 7.16% -24.6%
  • ROIC 19.14% -22.8%
  • Debt/Equity 0.03 -73.2%
  • Interest Coverage 48.43 +155.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 32.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 3.5% through buybacks
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Sales declining 8.7% over 5 years
  • ✗Thin 5Y average net margin of 0.6%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.79%
5Y-8.69%
3Y21.37%
TTM-26.05%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM22.64%

EPS CAGR

10Y-
5Y-
3Y-
TTM37.97%

ROCE

10Y Avg7.62%
5Y Avg11.94%
3Y Avg18.18%
Latest18.06%

Peer Comparison

Crude Oil Tanker Operators
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DHTDHT Holdings, Inc.2.14B13.2811.862%41.18%18.25%9.44%0.40
FROFrontline Ltd.5.78B25.9511.6413.77%12.34%9.37%1.60
RBNERobin Energy Ltd.9.23M3.297.48-56.64%15.53%4.38%73.91%
TKTeekay Corporation826.26M9.696.82-16.7%18.53%9.96%47.42%0.03
INSWInternational Seaways, Inc.2.76B55.786.65-11.21%28.26%11.25%9.51%0.38
TNKTeekay Tankers Ltd.1.79B59.815.15-16.58%31%16.77%22.17%0.04
TENTsakos Energy Navigation Limited771.27M25.605.09-9.61%20%8.97%1.00
TEN-PETsakos Energy Navigation Limited26.77-9.61%18.73%8.25%0.78

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.45B2.33B1.88B1.71B1.92B1.82B682.51M1.19B1.46B1.22B
Revenue Growth %0.23%-0.05%-0.19%-0.09%0.13%-0.06%-0.62%0.74%0.23%-0.17%
Cost of Goods Sold+1.61B1.69B1.49B1.39B1.46B1.26B732.24M897.15M884.34M826.52M
COGS % of Revenue0.66%0.72%0.79%0.81%0.76%0.69%1.07%0.75%0.6%0.68%
Gross Profit+842.51M643.24M388.69M318.63M466.62M559.82M-49.73M293.03M580.63M393.86M
Gross Margin %0.34%0.28%0.21%0.19%0.24%0.31%-0.07%0.25%0.4%0.32%
Gross Profit Growth %0.49%-0.24%-0.4%-0.18%0.46%0.2%-1.09%6.89%0.98%-0.32%
Operating Expenses+133.18M119.89M106.15M96.56M81.44M79.23M41.44M57.55M57.59M28.61M
OpEx % of Revenue0.05%0.05%0.06%0.06%0.04%0.04%0.06%0.05%0.04%0.02%
Selling, General & Admin133.18M119.89M106.15M96.56M81.44M79.23M74.39M57.55M57.59M61.06M
SG&A % of Revenue0.05%0.05%0.06%0.06%0.04%0.04%0.11%0.05%0.04%0.05%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses000000-32.95M00-32.45M
Operating Income+625.13M384.29M6.7M164.32M363.98M593.15M-185.35M245.77M531.73M365.25M
Operating Margin %0.26%0.17%0%0.1%0.19%0.33%-0.27%0.21%0.36%0.3%
Operating Income Growth %0.46%-0.39%-0.98%23.53%1.22%0.63%-1.31%2.33%1.16%-0.31%
EBITDA+1.13B956.12M492.53M440.63M654.65M724.53M-79.27M344.8M629.28M458.83M
EBITDA Margin %0.46%0.41%0.26%0.26%0.34%0.4%-0.12%0.29%0.43%0.38%
EBITDA Growth %0.33%-0.16%-0.48%-0.11%0.49%0.11%-1.11%5.35%0.83%-0.27%
D&A (Non-Cash Add-back)509.5M571.83M485.83M276.31M290.67M131.38M106.08M99.03M97.55M93.58M
EBIT631.16M394.1M-211.1M216.1M-195.46M70.33M-214.01M249.63M557.59M409.57M
Net Interest Income+-236.48M-278.14M-262.11M-245.6M-107.99M-87.64M-68.24M-31.89M-3.88M29.68M
Interest Income5.99M4.82M6.29M8.53M3.4M1.44M169K6.69M24.13M37.22M
Interest Expense242.47M282.97M268.4M254.13M111.4M89.08M68.41M38.58M28.01M7.54M
Other Income/Expense-236.44M-273.16M-523.54M-202.34M-510.9M-333.32M-97.07M-34.71M-2.14M36.78M
Pretax Income+388.69M111.13M-466.84M-38.02M-124.72M99.97M-282.43M211.05M529.59M402.02M
Pretax Margin %0.16%0.05%-0.25%-0.02%-0.06%0.06%-0.41%0.18%0.36%0.33%
Income Tax+-16.77M24.47M12.23M19.72M24.26M8.99M-4.96M1.42M12.16M405K
Effective Tax Rate %0.21%-1.11%0.32%2.08%1.19%0.91%0.98%0.99%0.28%0.33%
Net Income+82.15M-123.18M-151.72M-79.24M-148.99M90.98M-277.46M209.64M150.64M133.77M
Net Margin %0.03%-0.05%-0.08%-0.05%-0.08%0.05%-0.41%0.18%0.1%0.11%
Net Income Growth %2.5%-2.5%-0.23%0.48%-0.88%1.61%-4.05%1.76%-0.28%-0.11%
Net Income (Continuing)405.46M86.66M-529.07M-57.75M-324.71M-24.3M-277.46M209.64M517.42M401.62M
Discontinued Operations00000115.29M274.1M-20.28M00
Minority Interest2.78B3.19B2.15B2.06B2.09B1.99B1.92B746.14M1.07B1.23B
EPS (Diluted)+1.12-1.56-1.76-0.79-1.480.90-2.722.051.541.42
EPS Growth %2.47%-2.39%-0.13%0.55%-0.87%1.61%-4.02%1.75%-0.25%-0.08%
EPS (Basic)1.13-1.56-1.76-0.79-1.480.90-2.722.051.581.47
Diluted Shares Outstanding73.19M79.21M86.34M99.67M100.72M101.05M102.15M102.12M96.64M93.28M
Basic Shares Outstanding72.67M79.2M86.29M99.67M100.72M101.05M102.15M102.12M94.48M91.29M
Dividend Payout Ratio1.53%----0.35%---0.64%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.32B1.28B832.71M898.02M1.14B689.97M5.14B823.61M921.95M927.06M
Cash & Short-Term Investments704.93M722.75M455.34M436.8M627.23M129.6M120.99M519.86M652.68M717.77M
Cash Only678.39M567.99M445.45M424.17M353.24M128.74M108.98M309.86M480.08M685.33M
Short-Term Investments26.54M154.76M9.88M12.63M273.99M857K12.01M210M172.6M32.44M
Accounts Receivable395.01M295.36M267.35M363.48M307.07M193.53M104.45M223.76M187.82M140.92M
Days Sales Outstanding58.8446.351.977.6958.338.955.8668.6246.842.15
Inventory00000049.03M60.83M53.22M45.99M
Days Inventory Outstanding------24.4424.7521.9720.31
Other Current Assets117.27M178.43M71.85M40.49M131.41M316.8M4.85B3.71M12.6M9.55M
Total Non-Current Assets+11.74B11.53B7.26B7.49B6.93B6.26B1.39B1.34B1.27B1.22B
Property, Plant & Equipment9.37B9.14B5.21B5.52B5.03B1.59B1.35B1.3B1.23B1.18B
Fixed Asset Turnover0.26x0.25x0.36x0.31x0.38x1.14x0.51x0.92x1.19x1.03x
Goodwill168.57M176.63M43.69M43.69M38.06M2.4M24.44M2.4M2.4M24M
Intangible Assets111.91M89.17M93.01M77.77M45.92M2M1.49M1.1M22.04M307K
Long-Term Investments1.56B1.52B1.76B1.76B1.72B42.28M12.95M16.2M15.73M16M
Other Non-Current Assets531.78M612.48M151.75M98.78M94.33M4.62B3.13M24.73M00
Total Assets+13.06B12.81B8.09B8.39B8.07B6.95B6.53B2.16B2.2B2.15B
Asset Turnover0.19x0.18x0.23x0.20x0.24x0.26x0.10x0.55x0.67x0.57x
Asset Growth %0.11%-0.02%-0.37%0.04%-0.04%-0.14%-0.06%-0.67%0.01%-0.02%
Total Current Liabilities+1.89B1.65B1.36B686.13M1.16B903.03M3.34B232.27M172.82M132.58M
Accounts Payable64.21M53.51M24.11M31.2M135.5M119.28M41.08M47.37M33.95M25.71M
Days Payables Outstanding14.5811.595.98.233.9734.6720.4819.2714.0111.35
Short-Term Debt1.12B998.59M850M317.43M591.96M20.86M280.31M21.18M00
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K852K1000K1000K1000K
Other Current Liabilities268.04M115.81M80.42M12.21M42.24M545M2.88B4.79M3.22M6.59M
Current Ratio0.70x0.78x0.61x1.31x0.98x0.76x1.54x3.55x5.33x6.99x
Quick Ratio0.70x0.78x0.61x1.31x0.98x0.76x1.52x3.28x5.03x6.65x
Cash Conversion Cycle------59.8374.154.7551.11
Total Non-Current Liabilities+7.47B7.08B3.85B4.84B4.34B3.57B761M562.97M223.47M85.37M
Long-Term Debt6.28B5.64B2.62B3.08B2.3B572.04M416.17M000
Capital Lease Obligations54.58M352.49M1.05B1.57B1.83B313.4M280.98M509.99M168.28M37.41M
Deferred Tax Liabilities21.97M24.34M31.06M40.56M62.96M046.96M42.48M47.81M41.4M
Other Non-Current Liabilities751.18M973.04M96.02M99.72M102.66M2.66B16.89M10.5M7.38M6.55M
Total Liabilities9.36B8.73B5.21B5.52B5.5B4.47B4.1B795.24M396.29M217.95M
Total Debt+7.46B7.03B4.63B5.07B4.88B997.47M1.02B610.16M227.2M65.55M
Net Debt6.78B6.46B4.18B4.64B4.53B868.73M907.05M300.3M-252.88M-619.78M
Debt / Equity2.01x1.72x1.58x1.77x1.90x0.40x0.42x0.45x0.13x0.03x
Debt / EBITDA6.57x7.36x9.39x11.50x7.46x1.38x-1.77x0.36x0.14x
Net Debt / EBITDA5.97x6.76x8.49x10.54x6.92x1.20x-0.87x-0.40x-1.35x
Interest Coverage2.58x1.36x0.02x0.65x3.27x6.66x-2.71x6.37x18.98x48.43x
Total Equity+3.7B4.09B2.94B2.87B2.57B2.47B2.43B1.37B1.8B1.94B
Equity Growth %0.09%0.1%-0.28%-0.02%-0.1%-0.04%-0.02%-0.44%0.31%0.07%
Book Value per Share50.5751.6334.0028.7725.5324.4623.8113.4118.6320.75
Total Shareholders' Equity919.02M899.37M777.19M808.99M481.86M481.41M515.05M623.46M732.28M709.76M
Common Stock775.02M887.08M919.08M1.05B1.05B1.06B1.05B1.02B945.47M876.63M
Retained Earnings158.9M22.89M-135.89M-234.4M-546.68M-527.03M-513.24M-396.61M-213.19M-166.87M
Treasury Stock0000000000
Accumulated OCI-14.89M-10.6M-6M-2.27M-23.74M-48.88M-25.51M-1.97M00
Minority Interest2.78B3.19B2.15B2.06B2.09B1.99B1.92B746.14M1.07B1.23B

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+770.33M624.63M513.75M182.13M383.31M984.02M75.99M199.15M629.82M467.19M
Operating CF Margin %0.31%0.27%0.27%0.11%0.2%0.54%0.11%0.17%0.43%0.38%
Operating CF Growth %0.73%-0.19%-0.18%-0.65%1.1%1.57%-0.92%1.62%2.16%-0.26%
Net Income405.46M86.66M-479.07M-57.75M-148.99M90.98M-277.46M189.36M150.64M401.62M
Depreciation & Amortization509.5M571.83M485.83M276.31M290.67M261.13M106.08M99.03M97.55M93.58M
Stock-Based Compensation6.2M5.7M5.7M5.8M6.3M5M3.3M4M00
Deferred Taxes-16.77M24.47M12.23M19.72M25.48M8.99M-3.28M-4M-4.3M0
Other Non-Cash Items-98.47M-74.07M-77.86M-44.69M-43.53M293.56M312.91M38.35M379.59M-67.72M
Working Capital Changes-12.29M38.33M106.57M-14.75M-4.82M99.17M-65.55M-127.59M6.34M39.7M
Change in Receivables-6.49M96.5M-1.93M-25.09M-38.81M38.59M83.46M-80.89M23.04M35.23M
Change in Inventory0000000000
Change in Payables-24.73M-10.71M-14.5M8.93M104.58M-6.58M-77.97M6.29M-13.42M-8.25M
Cash from Investing+-1.82B-182.69M-1.05B-663.46M-50.39M63.06M7.17M308.98M54.66M157.5M
Capital Expenditures-1.8B-650.3M-1.05B-693.79M-109.52M-26.51M-21.45M-15.43M-10.2M-70.5M
CapEx % of Revenue0.73%0.28%0.56%0.41%0.06%0.01%0.03%0.01%0.01%0.06%
Acquisitions----------
Investments----------
Other Investing22.58M-102M-5.33M-24.93M3.91M90.56M28.62M82.62M41.3M81.44M
Cash from Financing+924.44M-552.34M284.31M434.79M-382.23M-1.1B-223.53M-456.95M-520.41M-416.45M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-125.88M-17.41M-18.98M-22.08M-5.52M-31.76M-75.3M00-85.02M
Share Repurchases----------
Other Financing191.48M-495.76M77.61M38.31M-41.19M-595.22M-21.92M0-44.44M-72.97M
Net Change in Cash----------
Free Cash Flow+-1.03B-25.67M-540.31M-511.66M273.78M957.51M54.54M183.72M623.26M391.84M
FCF Margin %-0.42%-0.01%-0.29%-0.3%0.14%0.53%0.08%0.15%0.43%0.32%
FCF Growth %-0.88%0.98%-20.05%0.05%1.54%2.5%-0.94%2.37%2.39%-0.37%
FCF per Share-14.06-0.32-6.26-5.132.729.480.531.806.454.20
FCF Conversion (FCF/Net Income)9.38x-5.07x-3.39x-2.30x-2.57x10.82x-0.27x0.95x4.18x3.49x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)2.32%-3.16%-4.32%-2.73%-5.48%3.61%-11.32%11.03%9.5%7.16%
Return on Invested Capital (ROIC)4.74%2.74%0.06%1.68%3.74%8.52%-4.16%7.36%24.79%19.14%
Gross Margin34.38%27.62%20.67%18.66%24.27%30.83%-7.29%24.62%39.63%32.27%
Net Margin3.35%-5.29%-8.07%-4.64%-7.75%5.01%-40.65%17.61%10.28%10.96%
Debt / Equity2.01x1.72x1.58x1.77x1.90x0.40x0.42x0.45x0.13x0.03x
Interest Coverage2.58x1.36x0.02x0.65x3.27x6.66x-2.71x6.37x18.98x48.43x
FCF Conversion9.38x-5.07x-3.39x-2.30x-2.57x10.82x-0.27x0.95x4.18x3.49x
Revenue Growth22.89%-4.97%-19.25%-9.18%12.57%-5.55%-62.41%74.38%23.09%-16.7%

Revenue by Segment

2015201620172018201920202021202220232024
Voyage charters---689.9M917.95M780.49M485.9M1.04B1.32B1.07B
Voyage charters Growth----33.06%-14.97%-37.74%113.89%27.16%-19.26%
Management fees and other----218.3M238.07M100.34M109.12M112.34M127.5M
Management fees and other Growth-----9.05%-57.85%8.75%2.95%13.49%
Time charters----579.93M688.16M48.38M14.74M31.15M25.91M
Time charters Growth-----18.66%-92.97%-69.54%111.35%-16.80%
Fpso---261.74M210.82M108.95M47.9M27.06M--
Fpso Growth-----19.45%-48.32%-56.04%-43.49%--
Non-lease revenue---18.55M240M259.24M----
Non-lease revenue Growth----1193.49%8.02%----
Non-lease Component-----21.16M----
Non-lease Component Growth----------
Bareboat charters----18.39M-----
Bareboat charters Growth----------
Non-lease---228.35M------
Non-lease Growth----------
Voyage charters - towage----------
Voyage charters - towage Growth----------
Offshore Production--209.39M-------
Offshore Production Growth----------
Others75.55M76.11M--------
Others Growth-0.75%--------

Frequently Asked Questions

Valuation & Price

Teekay Corporation (TK) has a price-to-earnings (P/E) ratio of 6.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Teekay Corporation (TK) reported $992.5M in revenue for fiscal year 2024. This represents a 49% decrease from $1.95B in 2011.

Teekay Corporation (TK) saw revenue decline by 16.7% over the past year.

Yes, Teekay Corporation (TK) is profitable, generating $184.0M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, Teekay Corporation (TK) pays a dividend with a yield of 9.41%. This makes it attractive for income-focused investors.

Teekay Corporation (TK) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

Teekay Corporation (TK) generated $240.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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