Teekay Tankers Ltd. (TNK) Financial Ratios
21 years of historical data (2005–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
5.98
↑+100% vs avg
5yr avg: 2.99
30Y Low2.0·High36.8
P/FCF
↑
22.90
↑+219% vs avg
5yr avg: 7.18
30Y Low1.1·High76.4
P/B Ratio
↑
1.27
↑+50% vs avg
5yr avg: 0.85
30Y Low0.3·High2.6
ROE
↑
18.5%
↓+13% vs avg
5yr avg: 16.4%
30Y Low-84%·High103%
Debt/EBITDA
↓
0.18
↓-67% vs avg
5yr avg: 0.56
30Y Low0.1·High30.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TNK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Teekay Tankers Ltd. trades at 7.4x earnings, 77% above its 5-year average of 4.2x, sitting at the 69th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 52%. On a free-cash-flow basis, the stock trades at 22.9x P/FCF, 219% above the 5-year average of 7.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6B | $1.9B | $1.4B | $1.7B | $1.1B | $369M | $373M | $809M | $249M | $262M | $385M |
| Enterprise Value | $1.8B | $1.1B | $931M | $1.6B | $1.5B | $973M | $893M | $1.8B | $1.3B | $1.3B | $1.2B |
| P/E Ratio → | 7.37 | 5.29 | 3.43 | 3.32 | 4.61 | — | 4.28 | 38.05 | — | — | 5.65 |
| P/S Ratio | 2.71 | 1.95 | 1.12 | 1.17 | 0.90 | 0.68 | 0.42 | 0.86 | 0.33 | 0.61 | 0.73 |
| P/B Ratio | 1.27 | 0.91 | 0.79 | 1.11 | 0.99 | 0.44 | 0.35 | 0.82 | 0.26 | 0.26 | 0.41 |
| P/FCF | 22.90 | 16.49 | 3.48 | 2.80 | 5.94 | — | 1.13 | 7.63 | — | 3.50 | 1.92 |
| P/OCF | 8.43 | 6.07 | 2.93 | 2.76 | 5.47 | — | 1.07 | 6.87 | — | 3.29 | 1.83 |
P/E links to full P/E history page with 30-year chart
TNK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Teekay Tankers Ltd.'s enterprise value stands at 6.0x EBITDA, 100% above its 5-year average of 3.0x. The Energy sector median is 7.8x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 0.76 | 1.06 | 1.23 | 1.79 | 1.01 | 1.87 | 1.73 | 3.00 | 2.37 |
| EV / EBITDA | 5.98 | 3.59 | 1.97 | 2.42 | 4.00 | — | 3.45 | 7.12 | 10.38 | 12.68 | 6.56 |
| EV / EBIT | 8.39 | 5.03 | 2.26 | 2.79 | 5.31 | — | 4.21 | 13.91 | 84.09 | — | 12.81 |
| EV / FCF | — | 9.60 | 2.35 | 2.53 | 8.17 | — | 2.69 | 16.63 | — | 17.25 | 6.23 |
TNK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Teekay Tankers Ltd. earns an operating margin of 22.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 37.1% to 22.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 18.5% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 12.5% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.5% | 27.5% | 32.1% | 39.5% | 26.0% | -10.7% | 28.4% | 17.6% | 6.4% | 11.0% | 23.8% |
| Operating Margin | 22.6% | 22.6% | 30.9% | 37.1% | 22.4% | -35.8% | 16.0% | 13.1% | 1.0% | 0.3% | 16.4% |
| Net Profit Margin | 36.9% | 36.9% | 32.8% | 35.3% | 20.0% | -44.7% | 9.9% | 4.4% | -7.0% | -13.5% | 11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.5% | 18.5% | 24.4% | 39.7% | 24.7% | -25.3% | 8.4% | 4.3% | -5.4% | -6.0% | 6.9% |
| ROA | 16.7% | 16.7% | 20.6% | 27.9% | 13.8% | -14.0% | 4.3% | 1.9% | -2.4% | -2.8% | 3.1% |
| ROIC | 12.5% | 12.5% | 21.2% | 28.8% | 13.6% | -9.6% | 6.0% | 4.7% | 0.3% | 0.1% | 3.5% |
| ROCE | 10.9% | 10.9% | 21.0% | 32.3% | 17.2% | -12.5% | 7.9% | 6.3% | 0.4% | 0.1% | 4.8% |
TNK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Teekay Tankers Ltd. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (93% below the sector average of 2.6x). The company holds a net cash position — cash of $831M exceeds total debt of $55M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 74.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.04 | 0.14 | 0.54 | 0.78 | 0.57 | 1.05 | 1.17 | 1.09 | 1.00 |
| Debt / EBITDA | 0.18 | 0.18 | 0.13 | 0.35 | 1.59 | — | 2.38 | 4.21 | 8.83 | 10.81 | 4.90 |
| Net Debt / Equity | — | -0.38 | -0.26 | -0.11 | 0.37 | 0.72 | 0.48 | 0.96 | 1.11 | 1.02 | 0.93 |
| Net Debt / EBITDA | -2.57 | -2.57 | -0.95 | -0.26 | 1.09 | — | 2.01 | 3.85 | 8.40 | 10.11 | 4.54 |
| Debt / FCF | — | -6.89 | -1.13 | -0.27 | 2.23 | — | 1.57 | 9.01 | — | 13.75 | 4.31 |
| Interest Coverage | 74.24 | 74.24 | 55.08 | 20.21 | 7.65 | -5.97 | 4.12 | 1.94 | 0.26 | -0.04 | 3.28 |
Net cash position: cash ($831M) exceeds total debt ($55M)
TNK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Teekay Tankers Ltd.'s current ratio of 7.98x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.97x to 7.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.98 | 7.98 | 5.66 | 3.97 | 2.70 | 1.56 | 1.24 | 1.49 | 1.14 | 0.75 | 0.91 |
| Quick Ratio | 7.76 | 7.76 | 5.32 | 3.65 | 2.34 | 1.25 | 1.07 | 1.32 | 0.94 | 0.75 | 0.91 |
| Cash Ratio | 6.31 | 6.31 | 4.05 | 2.33 | 1.06 | 0.32 | 0.49 | 0.31 | 0.28 | 0.30 | 0.29 |
| Asset Turnover | — | 0.42 | 0.62 | 0.76 | 0.66 | 0.34 | 0.48 | 0.42 | 0.35 | 0.20 | 0.27 |
| Inventory Turnover | 23.47 | 23.47 | 18.16 | 16.76 | 14.33 | 12.25 | 18.35 | 15.63 | 18.08 | — | — |
| Days Sales Outstanding | — | 58.65 | 43.13 | 48.19 | 62.63 | 60.44 | 28.03 | 78.58 | 63.52 | 71.06 | 40.45 |
TNK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Teekay Tankers Ltd. returns 2.7% to shareholders annually primarily through dividends. The payout ratio of 19.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 13.6% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 3.7% | 7.4% | 3.4% | — | — | — | — | 3.2% | 7.9% | 12.2% |
| Payout Ratio | 19.6% | 19.6% | 25.5% | 11.4% | — | — | — | — | — | — | 74.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.6% | 18.9% | 29.2% | 30.1% | 21.7% | — | 23.3% | 2.6% | — | — | 17.7% |
| FCF Yield | 4.4% | 6.1% | 28.7% | 35.7% | 16.8% | — | 88.9% | 13.1% | — | 28.6% | 52.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.9% |
| Total Shareholder Yield | 2.7% | 3.7% | 7.4% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 3.2% | 7.9% | 16.1% |
| Shares Outstanding | — | $35M | $35M | $35M | $34M | $34M | $34M | $34M | $34M | $23M | $21M |
Peer Comparison
Compare TNK 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 |
|---|---|---|---|---|---|---|---|---|---|
 TNKYou | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 FRO | $9B | 24.1 | 12.9 | 13.6 | 32.8% | 30.2% | 15.6% | 8.1% | 3.3 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 DHT | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 TK | $1B | 10.4 | 0.5 | 9.5 | 27.5% | 21.8% | 4.8% | 12.0% | 0.2 |
 ASC | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 TEN | $1B | 8.6 | 6.8 | — | 35.3% | 30.0% | 8.9% | 5.4% | 4.7 |
 HAFN | $4B | 10.5 | 8.4 | 8.8 | 18.0% | 14.3% | 15.2% | 7.9% | 2.1 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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TNK — Frequently Asked Questions
Quick answers to the most common questions about buying TNK stock.
What is Teekay Tankers Ltd.'s P/E ratio?
Teekay Tankers Ltd.'s current P/E ratio is 7.4x. The historical average is 10.2x. This places it at the 69th percentile of its historical range.
What is Teekay Tankers Ltd.'s EV/EBITDA?
Teekay Tankers Ltd.'s current EV/EBITDA is 6.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
What is Teekay Tankers Ltd.'s ROE?
Teekay Tankers Ltd.'s return on equity (ROE) is 18.5%. The historical average is 11.9%.
Is TNK stock overvalued?
Based on historical data, Teekay Tankers Ltd. is trading at a P/E of 7.4x. This is at the 69th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Teekay Tankers Ltd.'s dividend yield?
Teekay Tankers Ltd.'s current dividend yield is 2.67% with a payout ratio of 19.6%.
What are Teekay Tankers Ltd.'s profit margins?
Teekay Tankers Ltd. has 27.5% gross margin and 22.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Teekay Tankers Ltd. have?
Teekay Tankers Ltd.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.