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Owner and operator of a fleet of mid-size crude and product tankers, majority owned by Teekay Corporation.
Owner and operator of a fleet of mid-size crude and product tankers, majority owned by Teekay Corporation.
Mostly hires its ships out voyage by voyage in the spot market, so earnings move closely with daily tanker rates; the rest is fixed time charters. It is controlled by Teekay Corporation, which also provides management services to the fleet.
In one line: A mid-size crude/product tanker company.
Moat: narrow (scale). Diversified mid-size tanker fleet with long charterer relationships under the Teekay umbrella.
Headquarters: Hamilton, Bermuda · Founded: 1995 · Employees: 1,800
Size Teekay Tankers (TNK) is a United States Energy company (Marine Shipping) with a market value of $2.97B, the 1564th largest of 3,117 United States companies the cockpit tracks. Shares closed at $85.71 on 6 Nov 2026.
Performance Over six months the shares gained 3.2%, against +6.8% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 18 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +29.1%); the operating margin is 38.8% (peer median 41.1%).
Valuation It trades at 3.5× forward earnings against a peer median of 5.5× (cheapest of 17).
Capital Return on invested capital runs 23.4 points above its cost of capital (6.4% WACC).
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.15B | $952M | $1.23B | $1.47B | $1.06B |
| Revenue growth | — | -23% | -17% | +39% | — |
| Gross profit | $495M | $262M | $394M | $582M | $291M |
| EBITDA | $532M | $302M | $441M | $636M | $348M |
| Net income | $592M | $351M | $404M | $520M | $229M |
| Free cash flow | $367M | $113M | $397M | $617M | $178M |
| Capital expenditure | $207M | $193M | $75.3M | $10.2M | $15.4M |
| Total debt | $27.8M | $46.4M | $62.3M | $225M | $576M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Teekay Tankers TNK | $2.97B | +3% | +19% | 39% | 3.5× | n/a |
| DHT DHT | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% |
| International Seaways INSW | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% |
| Frontline FRO | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% |
| Scorpio Tankers STNG | $4.13B | -4% | +39% | 49% | 5.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TNK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.6% | -17.7% | 4th lowest of 18 |
| 6-month return | +3.2% | +6.8% | 8th lowest of 18 |
| Distance from 52-week high | -22.5% | -21.6% | 5th lowest of 18 |
| Revenue growth (TTM) | +19.3% | +29.1% | 8th lowest of 18 |
| Operating margin | 38.8% | 41.1% | 9th lowest of 18 |
| Forward P/E | 3.5× | 5.5× | cheapest of 17 |
| ROIC minus cost of capital | +23.4 pp | +6.3 pp | highest of 18 |
| EV / EBITDA | 3.4× | 7.0× | cheapest of 17 |
| Net debt / EBITDA | -2.2× | 0.9× | least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Teekay Tankers TNK | United States | $2.97B | +3% | +19% | 39% | 3.5× | n/a | n/a |
| Okeanis Eco Tankers ECO | United States | $3.19B | +48% | +105% | 62% | 3.9× | -13.7% | +6.7% |
| BW LPG BWLPG.OL | Norway | $3.31B | +7% | -9% | 15% | 4.5× | -7.1% | +37.2% |
| DHT DHT | United States | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% | -6.4% |
| Tidewater TDW | United States | $3.49B | -14% | -1% | 18% | 13.3× | 1.2% | +27.8% |
| TORM TRMD-A.CO | Denmark | $3.87B | +8% | +41% | 41% | 3.5× | -17.3% | +12.7% |
| Scorpio Tankers STNG | United States | $4.13B | -4% | +39% | 49% | 5.6× | n/a | n/a |
| Dorian LPG LPG | United States | $1.99B | +16% | +81% | 52% | 5.4× | -6.7% | +8.8% |
| Cmb.tech CMBT | United States | $4.83B | +12% | +92% | 30% | 7.2× | n/a | n/a |
| Hafnia HAFNI.OL | Norway | $4.98B | +7% | +3% | 20% | 5.7× | -5.9% | +23.6% |
| International Seaways INSW | United States | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% | +14.9% |
| SFL SFL | United States | $1.65B | -9% | -4% | 28% | 11.2× | 5.2% | +9.2% |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Tsakos Energy Navigation TEN | United States | $1.32B | +2% | +23% | 38% | 3.5× | n/a | n/a |
| Navigator NVGS | United States | $1.21B | -14% | +7% | 25% | 11.0× | -2.2% | +12.0% |
| Teekay TK | United States | $1.11B | -10% | +16% | 48% | n/a | n/a | n/a |
| Frontline FRO | United States | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% | +10.3% |