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what it is
Teekay moves crude oil by sea and owns a big stake in Teekay Tankers.
how it gets paid
Last year Teekay made $950M in revenue.
why growth slowed
Revenue fell 22.2% last year. The $0.34 EPS print mattered because it sat on top of a $950M revenue base that was down 22.2% vs. prior year.
what just happened
Teekay’s latest quarter printed $0.34 EPS, and Yahoo showed no consensus estimate.
At a glance
n/a balance sheet
25/100 earnings predictability — expect surprises
7.4x trailing p/e — the market's not buying it — or you found a deal
2.1% dividend yield — cash in your pocket every quarter
18.8% return on capital — nothing to write home about
xvary composite: 74/100 — average
What they do
Teekay moves crude oil by sea and owns a big stake in Teekay Tankers.
Teekay runs about 55 conventional tankers and other marine assets. You do not replace that fleet overnight. It also owns a 31.0% economic ownership interest (cash claim) and 55.1% voting power (control) in Teekay Tankers, so cash and control stay tied to the same shipping cycle.
How they make money
$950M
annual revenue · revenue declined -22.2% last year
total revenue
$950M
22.2%
The products that matter
transports crude oil
Aframax Tankers
core fleet exposure
these are the workhorses. Their economics rise and fall with the same spot market that drives 93% of company revenue, so they are the operating heart of the stock.
spot-linked
transports crude oil
Suezmax Tankers
larger crude carriers
these vessels carry about 1 million barrels of oil. Bigger ship, same core problem: they still feed the same volatile charter market instead of diversifying it.
rate-sensitive
supports marine operations
Other Marine Services
$66M · 7% of revenue
this side business is real, but it is too small to change the earnings profile. $66M does not offset weakness in an $884M spot-driven segment.
too small to hedge
Key numbers
7.4x
trailing p/e
You pay 7.4 times earnings for a business tied to tanker rates. Cheap only works if cash flow holds.
34.9%
operating margin
This says the core business keeps 34.9 cents from each sales dollar before taxes and financing. Shipping with real margin is rarer than it should be.
18.8%
return on capital
The company earns 18.8% on the money it uses. That is a strong score for a cyclical marine business.
2.1%
dividend yield
You get 2.1% in cash yield while waiting. That is small, but it helps when the stock lives on freight headlines.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 2 — safer than 80% of stocks
- price stability 40 / 100
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for TK right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Teekay’s latest quarter printed $0.34 EPS, and Yahoo showed no consensus estimate.
EDGAR shows $950M in annual revenue, down 22.2% vs. prior year. still shows FY2024 EPS at $1.42, so the annual base is the cleaner read than one quarter.
$950M
revenue
$0.34
eps
21.9%
gross margin
what mattered
The $0.34 EPS print mattered because it sat on top of a $950M revenue base that was down 22.2% vs. prior year.
source: company earnings report, 2026
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What could go wrong
TK's risk stack is unusually concentrated. You are not juggling ten small variables. You are watching spot rates, fleet age, and whether legal noise stays just noise.
high
spot tanker rate compression
$884M of $950M revenue comes from tanker spot exposure. Freight rates are not a side variable here. They are the income statement.
a broad rate slump would hit most of the revenue base at once and make the 7.4x p/e look less like value and more like a warning label.
med
aging fleet economics
65% of the fleet is over 15 years old. Older ships can mean higher upkeep, weaker charter appeal, and more renewal spending when the cycle is already doing enough damage.
that pressure lands on a business with a 10.96% profit margin, which is decent but not a giant cushion.
med
earnings whiplash
earnings predictability is 25/100. In human-speak: estimates here are a moving target because the underlying freight market is a moving target.
low multiples often stay low when investors think the next 12 months of profit can change in a quarter.
low
indian antitrust investigation mention
the company has been mentioned in relation to an indian antitrust investigation into suspected tanker-market price collusion.
the direct financial hit is not quantified here, so this sits as an overhang rather than a modeled earnings event.
the combined risk picture is blunt: 93% spot exposure plus an older fleet means a softer freight market can pressure revenue and operating costs at the same time. If you own TK, that is the whole risk memo in one sentence.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
next earnings report
q1 2026 is anticipated around may 6, 2026. You want to see whether cash flow stayed firm while fleet renewal spending continued.
mix
spot exposure still sitting at 93%
if that share starts dropping, the model is getting less dependent on daily freight swings. If it does not, you still own a rate instrument first and a company second.
fleet
renewal progress on older vessels
65% of the fleet is over 15 years old. Every vessel purchase matters because asset quality is one of the few drivers management can actually control.
risk
antitrust investigation developments
this is not the main story, but any escalation adds legal drag to a stock that already has enough cyclical volatility on its own.
Analyst rankings
earnings predictability
25 / 100
in human-speak, analysts do not expect smooth quarters here. Freight markets move fast, and TK's numbers usually move with them.
risk rank
2
that reads safer than 80% of stocks on this system, but price stability at 40/100 tells you the ride can still get rough.
source: institutional data
Institutional activity
institutional ownership data for TK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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