Teekay Corporation (TK) Financial Ratios
30 years of historical data (1995–2024) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
1.14
↓-45% vs avg
5yr avg: 2.09
30Y Low0.1·High25.5
P/FCF
↑
2.92
↑+28% vs avg
5yr avg: 2.28
30Y Low0.2·High70.0
P/B Ratio
↑
0.66
↑+157% vs avg
5yr avg: 0.26
30Y Low0.1·High1.6
ROE
↑
7.2%
↓+101% vs avg
5yr avg: 3.6%
30Y Low-16%·High39%
Debt/EBITDA
↓
0.14
↓-92% vs avg
5yr avg: 1.81
30Y Low0.1·High20.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Teekay Corporation trades at 9.6x earnings, 30% below its 5-year average of 13.7x, sitting at the 44th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a discount of 43%. On a free-cash-flow basis, the stock trades at 2.9x P/FCF, 28% above the 5-year average of 2.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $646M | $691M | $464M | $321M | $217M | $536M | $333M | $805M | $636M | $722M |
| Enterprise Value | $525M | $27M | $438M | $764M | $1.2B | $1.1B | $5.1B | $5.0B | $5.0B | $7.1B | $7.5B |
| P/E Ratio → | 9.59 | 4.88 | 4.64 | 5.97 | 39.25 | — | — | — | — | — | 8.81 |
| P/S Ratio | 0.94 | 0.53 | 0.47 | 0.39 | 0.47 | 0.12 | 0.28 | 0.19 | 0.43 | 0.27 | 0.29 |
| P/B Ratio | 0.66 | 0.33 | 0.38 | 0.34 | 0.13 | 0.09 | 0.21 | 0.12 | 0.28 | 0.16 | 0.20 |
| P/FCF | 2.92 | 1.65 | 1.12 | 2.52 | 5.88 | 0.23 | 1.96 | — | — | — | — |
| P/OCF | 2.45 | 1.38 | 1.10 | 2.33 | 4.22 | 0.22 | 1.40 | 1.83 | 1.57 | 1.02 | 0.94 |
P/E links to full P/E history page with 30-year chart
TK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Teekay Corporation's enterprise value stands at 1.1x EBITDA, 45% below its 5-year average of 2.1x. The Energy sector median is 8.1x, placing the stock at a 86% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.02 | 0.30 | 0.64 | 1.80 | 0.60 | 2.64 | 2.91 | 2.65 | 3.05 | 3.06 |
| EV / EBITDA | 1.14 | 0.06 | 0.70 | 2.22 | — | 5.39 | 113.27 | 11.30 | 10.12 | 7.43 | 6.61 |
| EV / EBIT | 1.44 | 0.06 | 0.79 | 3.06 | — | 15.44 | — | 23.03 | — | 18.02 | 11.88 |
| EV / FCF | — | 0.07 | 0.71 | 4.16 | 22.51 | 1.13 | 18.51 | — | — | — | — |
TK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Teekay Corporation earns an operating margin of 29.9%, significantly above the Energy sector average of 14.5%. Operating margins have expanded from 20.6% to 29.9% over the past 3 years, signaling improving operational efficiency. ROE of 7.2% is modest, trailing the sector median of 7.9%. ROIC of 19.1% represents solid returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.3% | 32.3% | 39.6% | 24.6% | -7.3% | 30.8% | 24.3% | 18.7% | 20.7% | 27.6% | 34.4% |
| Operating Margin | 29.9% | 29.9% | 36.3% | 20.6% | -27.2% | 3.9% | -5.7% | 9.6% | 0.4% | 16.5% | 25.5% |
| Net Profit Margin | 11.0% | 11.0% | 10.3% | 6.6% | 1.1% | -4.6% | -16.2% | -4.6% | -8.7% | -5.3% | 3.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 7.2% | 9.5% | 4.1% | 0.3% | -3.3% | -11.4% | -2.8% | -4.7% | -3.2% | 2.3% |
| ROA | 6.2% | 6.2% | 6.9% | 1.8% | 0.1% | -1.1% | -3.8% | -1.0% | -1.6% | -1.0% | 0.7% |
| ROIC | 19.1% | 19.1% | 24.8% | 7.4% | -4.2% | 1.0% | -1.1% | 1.7% | 0.1% | 2.7% | 4.7% |
| ROCE | 18.1% | 18.1% | 26.9% | 9.6% | -4.0% | 1.1% | -1.5% | 2.3% | 0.1% | 3.4% | 5.8% |
TK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Teekay Corporation carries a Debt/EBITDA ratio of 0.1x, which is very conservative (94% below the sector average of 2.4x). The company holds a net cash position — cash of $685M exceeds total debt of $66M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 48.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.13 | 0.45 | 0.42 | 0.40 | 1.90 | 1.77 | 1.61 | 1.72 | 2.01 |
| Debt / EBITDA | 0.14 | 0.14 | 0.36 | 1.77 | — | 4.95 | 109.19 | 11.50 | 9.39 | 7.36 | 6.57 |
| Net Debt / Equity | — | -0.32 | -0.14 | 0.22 | 0.37 | 0.35 | 1.76 | 1.62 | 1.45 | 1.58 | 1.83 |
| Net Debt / EBITDA | -1.35 | -1.35 | -0.40 | 0.87 | — | 4.31 | 101.29 | 10.54 | 8.49 | 6.76 | 5.97 |
| Debt / FCF | — | -1.58 | -0.41 | 1.63 | 16.63 | 0.91 | 16.55 | — | — | — | — |
| Interest Coverage | 48.43 | 48.43 | 18.98 | 6.37 | -2.71 | 0.79 | -0.98 | 0.65 | 0.02 | 1.36 | 2.58 |
Net cash position: cash ($685M) exceeds total debt ($66M)
TK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Teekay Corporation's current ratio of 6.99x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 6.65x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.55x to 6.99x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.99 | 6.99 | 5.33 | 3.55 | 1.54 | 0.76 | 0.98 | 1.31 | 0.61 | 0.78 | 0.70 |
| Quick Ratio | 6.65 | 6.65 | 5.03 | 3.28 | 1.52 | 0.76 | 0.98 | 1.31 | 0.61 | 0.78 | 0.70 |
| Cash Ratio | 5.41 | 5.41 | 3.78 | 2.24 | 0.04 | 0.14 | 0.54 | 0.64 | 0.33 | 0.44 | 0.37 |
| Asset Turnover | — | 0.57 | 0.67 | 0.55 | 0.10 | 0.26 | 0.24 | 0.20 | 0.23 | 0.18 | 0.19 |
| Inventory Turnover | 17.97 | 17.97 | 16.62 | 14.75 | 14.93 | — | — | — | — | — | — |
| Days Sales Outstanding | — | 42.15 | 46.80 | 68.62 | 55.86 | 38.90 | 58.30 | 77.69 | 51.90 | 46.30 | 58.84 |
TK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Teekay Corporation returns 16.8% to shareholders annually — split between a 6.7% dividend yield and 10.2% buyback yield. A payout ratio of 63.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 10.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.7% | 13.2% | — | — | 23.5% | 14.6% | 1.0% | 6.6% | 2.4% | 2.7% | 17.4% |
| Payout Ratio | 63.6% | 63.6% | — | — | 964.6% | — | — | — | — | — | 153.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.4% | 20.5% | 21.5% | 16.7% | 2.5% | — | — | — | — | — | 11.3% |
| FCF Yield | 34.2% | 60.6% | 89.7% | 39.6% | 17.0% | 440.7% | 51.1% | — | — | — | — |
| Buyback Yield | 10.2% | 18.0% | 8.0% | 4.5% | 1.5% | 0.0% | 4.8% | 100.0% | 2.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 16.8% | 31.1% | 8.0% | 4.5% | 25.0% | 14.6% | 5.8% | 100.0% | 4.8% | 2.7% | 17.4% |
| Shares Outstanding | — | $93M | $97M | $102M | $102M | $101M | $101M | $100M | $86M | $79M | $73M |
Peer Comparison
Compare TK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TKYou | $1B | 9.6 | 1.1 | 2.9 | 32.3% | 29.9% | 7.2% | 19.1% | 0.1 |
 FRO | $8B | 16.9 | 10.5 | — | 34.4% | 38.1% | 21.5% | 10.6% | 3.3 |
 INSW | $4B | 13.8 | 10.0 | 111.2 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 NAT | $1B | 26.2 | 10.9 | 9.7 | 30.3% | 22.1% | 8.9% | 7.5% | 2.0 |
 TNK | $3B | 7.9 | 6.6 | 24.5 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 DHT | $3B | 14.5 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 FLNG | $2B | 23.1 | 12.4 | 12.8 | 52.9% | 50.6% | 9.8% | 6.1% | 7.3 |
 GLNG | $6B | 84.1 | 39.5 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 NFE | $211M | -0.1 | 117.5 | — | 9.1% | -11.3% | -159.7% | -1.3% | 119.5 |
 STNG | $4B | 11.7 | 8.4 | 8.7 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 CVX | $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTK — Frequently Asked Questions
Quick answers to the most common questions about buying TK stock.
What is Teekay Corporation's P/E ratio?
Teekay Corporation's current P/E ratio is 9.6x. The historical average is 15.8x. This places it at the 44th percentile of its historical range.
What is Teekay Corporation's EV/EBITDA?
Teekay Corporation's current EV/EBITDA is 1.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
What is Teekay Corporation's ROE?
Teekay Corporation's return on equity (ROE) is 7.2%. The historical average is 4.4%.
Is TK stock overvalued?
Based on historical data, Teekay Corporation is trading at a P/E of 9.6x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Teekay Corporation's dividend yield?
Teekay Corporation's current dividend yield is 6.69% with a payout ratio of 63.6%.
What are Teekay Corporation's profit margins?
Teekay Corporation has 32.3% gross margin and 29.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Teekay Corporation have?
Teekay Corporation's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.