Teekay Tankers Ltd. (TNK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TNK Revenue Growth
Revenue Breakdown (FY 2024)
TNK's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
TNK Revenue Analysis (2014–2025)
As of May 7, 2026, Teekay Tankers Ltd. (TNK) generated trailing twelve-month (TTM) revenue of $951.8 million, reflecting significant decline in growth of -26.4% year-over-year. The most recent quarter (Q4 2025) recorded $258.3 million in revenue, up 12.8% sequentially.
Looking at the longer-term picture, TNK's 5-year compound annual growth rate (CAGR) stands at +1.4%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.47 billion in 2023.
Revenue diversification analysis shows TNK's business is primarily driven by Voyage charters (59%), Voyage Charters - Suezmax (30%), and Other revenue (8%). 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 (-11.4% YoY), and DHT (-12.9% YoY), TNK has underperformed the peer group in terms of revenue growth. Compare TNK vs FRO →
TNK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TNKCurrent | $952M | -26.4% | +1.4% | 22.6% | |
 FRO | $2.1B | -13.4% | +16.5% | 38.1% | |
 INSW | $843M | -11.4% | +14.9% | 36.3% | |
 DHT | $497M | -12.9% | -6.4% | 34.2% | |
 STNG | $938M | -24.6% | +0.5% | 33.0% | |
 NAT | $350M | -16.0% | +2.0% | 22.1% |
TNK Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $951.8M | -22.6% | $261.6M | 27.5% | $215.0M | 22.6% |
| 2024 | $1.23B | -16.6% | $394.3M | 32.1% | $380.1M | 30.9% |
| 2023 | $1.47B | +25.1% | $581.7M | 39.5% | $546.8M | 37.1% |
| 2022 | $1.18B | +117.2% | $306.0M | 26.0% | $263.8M | 22.4% |
| 2021 | $542.4M | -38.8% | $-58,012,000 | -10.7% | $-194,095,000 | -35.8% |
| 2020 | $886.4M | -6.1% | $251.4M | 28.4% | $141.6M | 16.0% |
| 2019 | $943.9M | +24.9% | $165.8M | 17.6% | $123.9M | 13.1% |
| 2018 | $755.8M | +75.3% | $48.0M | 6.4% | $7.2M | 1.0% |
| 2017 | $431.2M | -18.2% | $47.3M | 11.0% | $1.4M | 0.3% |
| 2016 | $526.9M | +2.5% | $125.3M | 23.8% | $86.5M | 16.4% |
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Start ComparisonTNK — Frequently Asked Questions
Quick answers to the most common questions about buying TNK stock.
Is TNK's revenue growth accelerating or slowing?
TNK revenue declined -26.4% year-over-year, contrasting with the 5-year CAGR of +1.4%. TTM revenue fell to $952M. This reverses the prior growth trend.
What is TNK's long-term revenue growth rate?
Teekay Tankers Ltd.'s 5-year revenue CAGR of +1.4% reflects the variable expansion pattern. Current YoY growth of -26.4% is below this long-term average.
How is TNK's revenue distributed by segment?
TNK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.