Teekay Tankers Ltd.(TNK) Stock Research - Grey Stern Research
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Teekay Tankers Ltd. (TNK) Stock Analysis

$45.09 (-0.88%)

TNK Financial Performance


Use the table below to view Teekay Tankers Ltd.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $45.09 -
52 Week Low $44.63 -
52 Week High $74.20 -
Market Cap $1.5 Billion 4/5
Gross Margin 28% 4/5
Profit Margin 24% 4/5
EBITDA margin 34% 4/5
Q3 - 2024 Revenue $243.3 Million 4/5
Q3 - 2024 Earnings $58.8 Million 3/5
Q3 - 2024 Free Cash Flow $44.2 Million 5/5
Trailing 4 Quarters Revenue $1.2 Billion 4/5
Trailing 4 Quarters Earnings $422.3 Million 3/5
Quarterly Earnings Growth -28% 5/5
Annual Earnings Growth -21% 4/5
Quarterly Revenue Growth -15% 5/5
Annual Revenue Growth -15% 5/5
Cash On Hand $463.5 Million 3/5
Short Term Debt $27.6 Million 4/5
Long Term Debt $0 4/5

Teekay Tankers Ltd. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Teekay Tankers Ltd.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 3.66 4/5
PS 1.30 4/5
PB 0.89 4/5
PC 3.34 4/5
Liabilities to Equity 0.10 5/5
ROA 0.22 2/5
ROE 0.24 3/5
Current Ratio 11.19 1/5
Quick Ratio 2.71 2/5
Long Term Debt to Equity 0.00 4/5
Debt to Equity 0.02 5/5
Burn Rate -8.93 4/5
Cash to Cap 0.30 2/5
CCR 0.75 4/5
EV to EBITDA 13.46 3/5
EV to Revenue 0.93 4/5

Company Details

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

CEO: Mr. Kevin Mackay

Website: https://www.teekay.com/business/tankers

Address: 550 Burrard St Suite 2000, Bentall 5 VANCOUVER, BRITISH COLUMBIA

Exchange: New York Stock Exchange

Industry: Oil & Gas Midstream

Teekay Tankers Ltd. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Teekay Tankers Ltd.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Scorpio Tankers Inc. STNG $2.9 Billion
Teekay Corporation TK $724.6 Million
DHT Holdings, Inc. DHT $1.7 Billion
Euronav NV EURN $3.3 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
TNK Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 243.3 Million $58.8 Million
Q2 2024 $ 296.6 Million $107.0 Million
Q1 2024 $ 338.3 Million $144.8 Million
Q4 2023 $ 313.3 Million $111.7 Million
Q3 2023 $ 285.9 Million $81.4 Million
Q2 2023 $ 370.6 Million $151.2 Million
Q1 2023 $ 394.7 Million $169.4 Million
Q4 2022 $ 367.3 Million $146.4 Million

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TNK Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $463.5 Million $1.9 Billion $27.6 Million $1.7 Billion
Q2 2024 $427.5 Million $1.9 Billion $63.7 Million $1.7 Billion
Q1 2024 $370.4 Million $1.8 Billion $65.9 Million $1.7 Billion
Q4 2023 $365.9 Million $1.9 Billion $215.9 Million $1.5 Billion
Q3 2023 $227.3 Million $1.8 Billion $231.3 Million $1.4 Billion
Q2 2023 $178.9 Million $1.8 Billion $299.0 Million $1.3 Billion
Q1 2023 $169.8 Million $1.8 Billion $451.5 Million $1.2 Billion
Q4 2022 $180.5 Million $1.8 Billion $576.2 Million $1.1 Billion

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TNK Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $44.2 Million -$64.1 Million $36.0 Million
Q2 2024 $136.0 Million -$10.3 Million $57.1 Million
Q1 2024 $129.1 Million -$570,000 $4.5 Million
Q4 2023 $128.1 Million -$4.2 Million $138.0 Million
Q3 2023 $120.2 Million -$3.3 Million $48.4 Million
Q2 2023 $200.6 Million -$2.3 Million $3.0 Million
Q1 2023 $166.9 Million -$442,000 -$10.8 Million
Q4 2022 $141.2 Million -$3.9 Million $103.5 Million

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