Teekay Corporation (TK) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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TK Revenue Growth
Revenue Breakdown (FY 2024)
TK's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
TK Revenue Analysis (2013–2024)
As of May 8, 2026, Teekay Corporation (TK) generated trailing twelve-month (TTM) revenue of $992.5 million, reflecting significant decline in growth of -29.0% year-over-year. The most recent quarter (Q2 2025) recorded $231.7 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, TK's 5-year compound annual growth rate (CAGR) stands at -8.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $2.45 billion in 2015.
Revenue diversification analysis shows TK's business is primarily driven by Voyage charters (87%), Management fees and other (10%), and Time charters (2%). With over half of revenue concentrated in Voyage charters, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including FRO (-13.4% YoY), INSW (-21.5% YoY), and NAT (-16.0% YoY), TK has underperformed the peer group in terms of revenue growth. Compare TK vs FRO →
TK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TKCurrent | $993M | -29.0% | -8.7% | 29.9% | |
 FRO | $2.1B | -13.4% | +16.5% | 38.1% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 NAT | $350M | -16.0% | +2.0% | 22.1% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 DHT | $497M | +4.2% | -6.4% | 34.2% |
TK Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.22B | -16.7% | $393.9M | 32.3% | $365.2M | 29.9% |
| 2023 | $1.46B | +23.1% | $580.6M | 39.6% | $531.7M | 36.3% |
| 2022 | $1.19B | +74.4% | $293.0M | 24.6% | $245.8M | 20.6% |
| 2021 | $682.5M | -62.4% | $-49,728,000 | -7.3% | $-185,353,000 | -27.2% |
| 2020 | $1.82B | -5.6% | $559.8M | 30.8% | $70.2M | 3.9% |
| 2019 | $1.92B | +12.6% | $466.6M | 24.3% | $-109,177,000 | -5.7% |
| 2018 | $1.71B | -9.2% | $318.6M | 18.7% | $164.3M | 9.6% |
| 2017 | $1.88B | -19.2% | $388.7M | 20.7% | $6.7M | 0.4% |
| 2016 | $2.33B | -5.0% | $643.2M | 27.6% | $384.3M | 16.5% |
| 2015 | $2.45B | +22.9% | $842.5M | 34.4% | $625.1M | 25.5% |
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Start ComparisonTK — Frequently Asked Questions
Quick answers to the most common questions about buying TK stock.
Is TK's revenue growth accelerating or slowing?
TK revenue declined -29.0% year-over-year, contrasting with the 5-year CAGR of -8.7%. TTM revenue fell to $993M. This reverses the prior growth trend.
What is TK's long-term revenue growth rate?
Teekay Corporation's 5-year revenue CAGR of -8.7% reflects the variable expansion pattern. Current YoY growth of -29.0% is below this long-term average.
How is TK's revenue distributed by segment?
TK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.