Teekay Tankers Ltd. - Understand $tnk stock

$TNK Market Cap: $1.387 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.192B

TTM

Gross Margin

44.4%

TTM

Net Earnings

$422.3M

TTM

Current Assets

$687.2M

Q3 2024

Current Liabilities

$101.1M

Q3 2024

Current Ratio

679.73%

Q3 2024

Total Assets

$1.916B

Q3 2024

Total Liabilities

$171.3M

Q3 2024

Book Value

$1.745B

Q3 2024

Cash

$462.9M

Q3 2024

P/E

3.284

Nov 29, 2024 EST

Free Cash Flow

$437.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.364B	$1.063B	$542.4M	$886.4M	$943.9M	$776.5M	$431.2M	$550.5M	$534.7M	$250.0M	$170.1M	$197.4M	$215.1M	$240.4M	$159.7M	$251.9M	$201.7M	$153.1M	$125.4M	$106.4M	$91.50M
YoY Change	28.35%	96.01%	-38.81%	-6.09%	21.56%	80.08%	-21.67%	2.95%	113.88%	46.97%	-13.83%	-8.23%	-10.52%	50.53%	-36.6%	24.89%	31.74%	22.09%	17.86%	16.28%	41.2%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.364B	$1.063B	$542.4M	$886.4M	$943.9M	$776.5M	$431.2M	$550.5M	$534.7M	$250.0M	$170.1M	$197.4M	$215.1M	$240.4M	$159.7M	$251.9M	$201.7M	$153.1M	$125.4M	$106.4M	$91.50M
Cost Of Revenue	$694.2M	$673.4M	$494.3M	$517.8M	$654.1M	$610.0M	$283.4M	$295.8M	$230.8M	$131.8M	$106.2M	$104.7M	$100.0M	$87.00M	$52.10M	$57.40M	$92.50M	$68.20M	$50.50M	$36.00M	$42.80M
Gross Profit	$670.3M	$389.7M	$48.07M	$368.6M	$289.8M	$166.5M	$147.8M	$254.7M	$303.9M	$118.2M	$63.90M	$92.70M	$115.0M	$153.4M	$107.6M	$194.5M	$109.2M	$84.90M	$74.90M	$70.50M	$48.70M
Gross Profit Margin	49.12%	36.66%	8.86%	41.58%	30.7%	21.44%	34.28%	46.27%	56.84%	47.28%	37.57%	46.96%	53.46%	63.81%	67.38%	77.21%	54.14%	55.45%	59.73%	66.26%	53.22%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$45.94M	$41.77M	$43.72M	$39.00M	$36.40M	$39.80M	$32.90M	$33.20M	$30.40M	$12.80M	$12.60M	$8.000M	$7.700M	$16.60M	$11.80M	$13.30M	$18.60M	$12.10M	$9.000M	$5.400M	$3.900M
YoY Change	9.98%	-4.45%	12.09%	7.14%	-8.54%	20.97%	-0.9%	9.21%	137.5%	1.59%	57.5%	3.9%	-53.61%	40.68%	-11.28%	-28.49%	53.72%	34.44%	66.67%	38.46%	-7.14%
% of Gross Profit	6.85%	10.72%	90.94%	10.58%	12.56%	23.9%	22.26%	13.03%	10.0%	10.83%	19.72%	8.63%	6.7%	10.82%	10.97%	6.84%	17.03%	14.25%	12.02%	7.66%	8.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$97.55M	$99.03M	$106.1M	$117.2M	$124.0M	$118.5M	$100.5M	$104.1M	$73.80M	$53.30M	$47.80M	$72.40M	$74.50M	$77.30M	$45.20M	$43.60M	$21.10M	$15.60M	$13.10M	$10.60M	$9.300M
YoY Change	-1.5%	-6.65%	-9.48%	-5.48%	4.64%	17.91%	-3.46%	41.06%	38.46%	11.51%	-33.98%	-2.82%	-3.62%	71.02%	3.67%	106.64%	35.26%	19.08%	23.58%	13.98%	2.2%
% of Gross Profit	14.55%	25.41%	220.68%	31.8%	42.79%	71.17%	68.0%	40.87%	24.28%	45.09%	74.8%	78.1%	64.78%	50.39%	42.01%	22.42%	19.32%	18.37%	17.49%	15.04%	19.1%
Operating Expenses	$143.5M	$140.8M	$149.8M	$156.3M	$160.4M	$158.3M	$133.4M	$137.4M	$104.2M	$66.10M	$60.40M	$80.40M	$82.20M	$93.90M	$57.00M	$56.90M	$48.10M	$27.70M	$22.10M	$16.10M	$13.30M
YoY Change	1.91%	-6.01%	-4.16%	-2.56%	1.33%	18.67%	-2.91%	31.86%	57.64%	9.44%	-24.88%	-2.19%	-12.46%	64.74%	0.18%	18.3%	73.65%	25.34%	37.27%	21.05%	0.0%
Operating Profit	$526.8M	$248.9M	-$101.7M	$212.3M	$129.4M	$8.200M	$14.40M	$117.3M	$199.7M	$52.10M	$3.500M	$12.30M	$32.80M	$59.50M	$50.60M	$137.6M	$61.10M	$57.20M	$52.80M	$54.40M	$35.40M
YoY Change	111.66%	-344.66%	-147.92%	64.06%	1478.05%	-43.06%	-87.72%	-41.26%	283.3%	1388.57%	-71.54%	-62.5%	-44.87%	17.59%	-63.23%	125.2%	6.82%	8.33%	-2.94%	53.67%	114.55%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$13.65M	-$28.98M	-$48.15M	-$48.20M	-$62.60M	-$50.40M	-$54.40M	-$23.00M	-$7.300M	-$5.300M	-$10.50M	-$27.90M	-$68.30M	-$79.70M	-$7.700M	-$47.30M	-$22.30M	-$15.70M	-$6.900M	-$500.0K	-$200.0K
YoY Change	-52.91%	-39.82%	-0.1%	-23.0%	24.21%	-7.35%	136.52%	215.07%	37.74%	-49.52%	-62.37%	-59.15%	-14.3%	935.06%	-83.72%	112.11%	42.04%	127.54%	1280.0%	150.0%
% of Operating Profit	-2.59%	-11.64%		-22.7%	-48.38%	-614.63%	-377.78%	-19.61%	-3.66%	-10.17%	-300.0%	-226.83%	-208.23%	-133.95%	-15.22%	-34.38%	-36.5%	-27.45%	-13.07%	-0.92%	-0.56%
Other Income/Expense, Net	$900.0K	$2.645M	-$2.058M	$1.200M	$200.0K	$0.00	$300.0K	-$6.000M	-$2.700M	$3.800M	-$1.000M	-$2.100M	-$400.0K	-$1.000M	-$900.0K	-$500.0K	$0.00	-$1.300M	$0.00	-$2.400M	-$900.0K
YoY Change	-65.97%	-228.52%	-271.5%	500.0%		-100.0%	-105.0%	122.22%	-171.05%	-480.0%	-52.38%	425.0%	-60.0%	11.11%	80.0%		-100.0%		-100.0%	166.67%	125.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$523.2M	$229.6M	-$244.3M	$94.60M	$61.50M	-$43.10M	-$52.70M	$67.80M	$183.6M	$60.50M	-$8.100M	-$370.2M	-$113.1M	-$23.10M	$42.10M	$89.70M	$38.80M	$40.20M	$45.80M	$51.40M	$34.30M
YoY Change	127.84%	-193.99%	-358.25%	53.82%	-242.69%	-18.22%	-177.73%	-63.07%	203.47%	-846.91%	-97.81%	227.32%	389.61%	-154.87%	-53.07%	131.19%	-3.48%	-12.23%	-10.89%	49.85%	114.38%
Income Tax	$9.492M	$529.0K	-$1.931M	$7.300M	$20.10M	$9.400M	$5.300M				$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.900M	$0.00	$0.00
% Of Pretax Income	1.81%	0.23%		7.72%	32.68%										0.0%	0.0%	0.0%	0.0%	4.15%	0.0%	0.0%
Net Earnings	$513.7M	$229.1M	-$242.4M	$87.30M	$41.40M	-$52.50M	-$58.00M	$67.80M	$183.6M	$60.50M	-$8.100M	-$370.2M	-$113.1M	-$23.10M	$42.10M	$89.70M	$38.80M	$40.20M	$43.90M	$51.40M	$34.30M
YoY Change	124.23%	-194.52%	-377.63%	110.87%	-178.86%	-9.48%	-185.55%	-63.07%	203.47%	-846.91%	-97.81%	227.32%	389.61%	-154.87%	-53.07%	131.19%	-3.48%	-8.43%	-14.59%	49.85%	114.38%
Net Earnings / Revenue	37.65%	21.55%	-44.69%	9.85%	4.39%	-6.76%	-13.45%	12.32%	34.34%	24.2%	-4.76%	-187.54%	-52.58%	-9.61%	26.36%	35.61%	19.24%	26.26%	35.01%	48.31%	37.49%
Basic Earnings Per Share	$15.04	$6.74	-$7.16	$2.59
Diluted Earnings Per Share	$14.86	$6.68	-$7.158M	$2.591M	$1.228M	-$1.563M	-$2.479M	$3.183M	$10.14M	$5.602M	-$778.8K	-$37.39M	-$14.88M	-$4.358M	$11.69M	$28.94M	$20.42M	$21.16M	$14.16M	$16.58M	$11.06M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$365.3M	$180.5M	$50.57M	$97.20M	$88.80M	$54.90M	$71.40M	$94.20M	$96.40M	$162.8M	$161.7M	$145.7M	$18.60M	$12.50M	$10.40M	$26.70M	$34.80M	$0.00
YoY Change	102.34%	256.94%	-47.97%	9.46%	61.75%	-23.11%	-24.2%	-2.28%	-40.79%	0.68%	10.98%	683.33%	48.8%	20.19%	-61.05%	-23.28%
Cash & Equivalents	$365.3M	$180.5M	$50.57M	$97.20M	$88.80M	$54.90M	$71.40M	$94.20M	$96.40M	$162.8M	$25.60M	$26.30M	$18.60M	$12.50M	$10.40M	$26.70M	$34.80M	$0.00
Short-Term Investments											$136.1M	$119.4M	$0.00
Other Short-Term Assets	$24.93M	$16.05M	$55.99M	$45.50M	$79.40M	$39.20M	$21.30M	$56.70M	$25.20M	$9.400M	$10.40M	$18.80M	$6.300M	$2.500M	$3.100M	$3.100M	$2.400M	$3.400M	$2.700M
YoY Change	55.36%	-71.33%	23.05%	-42.7%	102.55%	84.04%	-62.43%	125.0%	168.09%	-9.62%	-44.68%	198.41%	152.0%	-19.35%	0.0%	29.17%	-29.41%	25.93%
Inventory	$53.22M	$60.83M	$49.03M	$34.60M	$49.80M
Prepaid Expenses
Receivables	$170.1M	$199.6M	$85.59M	$62.80M	$202.5M	$91.90M	$34.80M	$58.40M	$91.00M	$39.70M	$15.00M	$13.60M	$6.900M	$8.900M	$15.20M	$36.00M	$140.3M	$10.80M	$16.10M
Other Receivables	$0.00	$2.486M	$4.220M	$5.300M	$700.0K	$39.60M	$49.10M	$48.70M	$67.20M	$50.30M	$28.00M	$24.80M	$168.1M	$14.20M	$128.1M	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$613.5M	$459.5M	$245.4M	$245.4M	$421.2M	$225.6M	$176.7M	$258.0M	$279.8M	$262.2M	$215.1M	$203.0M	$199.8M	$38.00M	$156.8M	$65.80M	$177.6M	$14.20M	$18.70M
YoY Change	33.51%	87.25%	0.0%	-41.74%	86.7%	27.67%	-31.51%	-7.79%	6.71%	21.9%	5.96%	1.6%	425.79%	-75.77%	138.3%	-62.95%	1150.7%	-24.06%
Property, Plant & Equipment	$1.235B	$1.296B	$1.351B	$1.558B	$1.770B	$1.884B	$1.966B	$1.605B	$1.768B	$897.2M	$859.3M	$886.0M	$1.311B	$757.4M	$826.0M	$522.8M	$446.5M	$282.5M	$296.9M
YoY Change	-4.76%	-4.07%	-13.26%	-11.97%	-6.05%	-4.17%	22.43%	-9.19%	97.05%	4.41%	-3.01%	-32.39%	73.03%	-8.31%	58.0%	17.09%	58.05%	-4.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$15.73M	$16.20M	$12.95M	$28.60M	$28.10M	$25.80M	$25.50M	$70.70M	$86.80M	$73.40M	$8.400M	$3.500M	$116.8M	$116.0M	$0.00
YoY Change	-2.88%	25.04%	-54.71%	1.78%	8.91%	1.18%	-63.93%	-18.55%	18.26%	773.81%	140.0%	-97.0%	0.69%
Other Assets	$6.656M	$8.208M	$5.225M	$4.000M	$5.400M	$6.500M	$7.000M	$4.600M	$5.300M	$8.400M	$14.80M	$13.20M	$14.40M	$11.70M	$5.800M	$4.200M	$2.700M	$2.000M	$1.800M
YoY Change	-18.91%	57.09%	30.63%	-25.93%	-16.92%	-7.14%	52.17%	-13.21%	-36.9%	-43.24%	12.12%	-8.33%	23.08%	101.72%	38.1%	55.56%	35.0%	11.11%
Total Long-Term Assets	$1.260B	$1.324B	$1.373B	$1.595B	$1.808B	$1.936B	$2.021B	$1.706B	$1.890B	$979.0M	$882.4M	$902.7M	$1.442B	$898.5M	$845.1M	$533.7M	$453.9M	$284.4M	$298.7M
YoY Change	-4.84%	-3.58%	-13.89%	-11.81%	-6.57%	-4.21%	18.41%	-9.7%	93.02%	10.95%	-2.25%	-37.39%	60.46%	6.32%	58.35%	17.58%	59.6%	-4.79%
Total Assets	$1.873B	$1.784B	$1.619B	$1.840B	$2.230B	$2.161B	$2.197B	$1.964B	$2.170B	$1.241B	$1.098B	$1.106B	$1.642B	$936.5M	$1.002B	$599.5M	$631.5M	$298.6M	$317.4M
YoY Change
Accounts Payable	$73.59M	$89.82M	$34.83M	$31.10M	$71.00M	$11.10M	$7.900M	$14.40M	$16.70M	$1.900M	$2.300M	$3.300M	$4.400M	$8.000M	$2.800M	$4.100M	$3.200M	$44.80M	$45.10M
YoY Change	-18.07%	157.86%	12.0%	-56.2%	539.64%	40.51%	-45.14%	-13.77%	778.95%	-17.39%	-30.3%	-25.0%	-45.0%	185.71%	-31.71%	28.12%	-92.86%	-0.67%
Accrued Expenses	$35.88M	$16.59M	$41.97M	$58.70M	$75.80M	$40.40M	$34.60M	$27.70M	$62.00M	$18.30M	$21.10M	$17.90M	$14.50M	$7.900M	$10.60M	$7.600M	$4.400M	$5.500M	$4.600M
YoY Change	116.35%	-60.49%	-28.5%	-22.56%	87.62%	16.76%	24.91%	-55.32%	238.8%	-13.27%	17.88%	23.45%	83.54%	-25.47%	39.47%	72.73%	-20.0%	19.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$25.00M	$10.00M	$50.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change		-100.0%	150.0%	-80.0%
Long-Term Debt Due	$20.52M	$60.16M	$42.53M	$89.30M	$68.90M	$127.1M	$174.0M	$171.0M	$174.0M	$47.20M	$25.20M	$25.20M	$26.30M	$1.800M	$5.400M	$3.600M	$118.1M	$3.600M	$3.600M
YoY Change	-65.9%	41.45%	-52.37%	29.61%	-45.79%	-26.95%	1.75%	-1.72%	268.64%	87.3%	0.0%	-4.18%	1361.11%	-66.67%	50.0%	-96.95%	3180.56%	0.0%
Total Short-Term Liabilities	$139.3M	$170.2M	$157.1M	$197.1M	$279.7M	$197.8M	$236.7M	$255.9M	$289.7M	$85.70M	$70.20M	$61.80M	$146.8M	$24.50M	$27.40M	$23.50M	$129.0M	$54.00M	$53.30M
YoY Change	-18.15%	8.33%	-20.3%	-29.53%	41.41%	-16.43%	-7.5%	-11.67%	238.04%	22.08%	13.59%	-57.9%	499.18%	-10.58%	16.6%	-81.78%	138.89%	1.31%
Long-Term Debt	$119.1M	$472.6M	$572.2M	$513.7M	$905.5M	$983.6M	$927.2M	$762.0M	$990.6M	$661.3M	$719.4M	$710.5M	$882.5M	$452.2M	$568.8M	$417.5M	$214.0M	$35.10M	$221.6M
YoY Change	-74.8%	-17.41%	11.4%	-43.27%	-7.94%	6.08%	21.68%	-23.08%	49.8%	-8.08%	1.25%	-19.49%	95.16%	-20.5%	36.24%	95.09%	509.69%	-84.16%
Other Long-Term Liabilities	$89.34M	$70.88M	$51.01M	$50.60M	$54.30M	$32.80M	$26.80M	$13.70M	$11.80M	$15.80M	$23.30M	$31.20M	$34.00M	$17.10M	$12.00M	$20.90M	$8.000M	$0.00
YoY Change	26.05%	38.95%	0.81%	-6.81%	65.55%	22.39%	95.62%	16.1%	-25.32%	-32.19%	-25.32%	-8.24%	98.83%	42.5%	-42.58%	161.25%
Total Long-Term Liabilities	$208.4M	$543.5M	$623.2M	$564.3M	$959.8M	$1.016B	$954.0M	$775.7M	$1.002B	$677.1M	$742.7M	$741.7M	$916.5M	$469.3M	$580.8M	$438.4M	$222.0M	$35.10M	$221.6M
YoY Change	-61.65%	-12.8%	10.45%	-41.21%	-5.57%	6.54%	22.99%	-22.62%	48.04%	-8.83%	0.13%	-19.07%	95.29%	-19.2%	32.48%	97.48%	532.48%	-84.16%
Total Liabilities	$347.7M	$713.6M	$780.3M	$761.3M	$1.240B	$1.214B	$1.191B	$1.032B	$1.292B	$762.9M	$812.9M	$803.5M	$1.063B	$493.8M	$608.2M	$461.9M	$351.0M	$89.10M	$275.0M
YoY Change	-51.28%	-8.55%	2.5%	-38.59%	2.09%	1.97%	15.42%	-20.15%	69.35%	-6.15%	1.17%	-24.43%	115.33%	-18.81%	31.67%	31.6%	293.94%	-67.6%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	34.16M shares	34.00M shares	33.86M shares	33.72M shares
Diluted Shares Outstanding	34.57M shares	34.29M shares	33.86M shares	33.92M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.3868 Billion

About TEEKAY TANKERS LTD.

Teekay Tankers Ltd is a BM-based company operating in Oil, Gas & Consumable Fuels industry. Teekay Tankers Ltd. is a Bermuda-based company. The firm's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The firm owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The firm also owns a crude carrier (VLCC) through a 50% owned joint venture. The company owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.

Industry: Water Transportation Peers: Ardmore Shipping Corp DHT Holdings, Inc. GOLAR LNG LTD NORDIC AMERICAN TANKERS Ltd SFL Corp Ltd. TEEKAY CORP LTD