XVARY Composite Score
71
/ 100
Average
Combines growth, value, risk, and momentum factors into a single institutional-grade score.
Start here if you're new
What it is
Teekay Tankers moves crude oil and refined products by sea with 35 owned tankers and 6 chartered-in vessels.
How it gets paid
Last year Teekay Tankers made $952M in revenue. Suezmax tankers was the main engine at $418M, or 44% of sales.
Why growth slowed
Revenue fell 22.6% last year. The company said Q4 2025 GAAP EPS was $3.47 in its February 18.
What just happened
Teekay reported $120.5 million of GAAP net income in Q4 2025 on $258.3 million of revenue.
At a Glance
N/a balance sheet
5/100 earnings predictability — expect surprises
7.3x trailing p/e — the market's not buying it — or you found a deal
1.6% dividend yield — cash in your pocket every quarter
23.0% return on capital — every dollar works hard here
XVARY composite: 71/100 — average
What They Do
Teekay Tankers moves crude oil and refined products by sea with 35 owned tankers and 6 chartered-in vessels.
This is a scale business in a tight niche. Teekay says it owns 35 double-hull tankers, including 18 Suezmax and 16 Aframax/LR2 vessels, making it one of the larger midsize operators. Size matters because chartering strategy (how ships get booked) → better vessel utilization and pricing → so what: your ships spend more days earning money instead of floating around expensively.
How They Make Money
$952M
annual revenue · their business grew -22.6% last year
Suezmax tankers
$418M
Aframax / LR2 tankers
$371M
Chartered-in tankers
$139M
VLCC and marine services
$24M
The Products That Matter
Crude oil transport
Suezmax Tankers
65% of Q1 2026 spot days booked
for Q1 2026, 65% of its suezmax spot days were fixed at $56,900 per day. that's your cleanest live read on near-term earnings power.
$56,900/day
Crude + product transport
Aframax/LR2 Tankers
64% of Q1 2026 spot days booked
64% of aframax/lr2 spot days were booked for Q1 2026, but the rate was not disclosed here. that missing number is not a footnote — it is a gap in the earnings picture.
rate undisclosed
Voyage and time-charter operations
Fleet Operations
48 ships · ~$952M shipping revenue
this is essentially the whole company. last year's shipping revenue fell to roughly $952M, so your bet is not on diversification — it is on rates staying high enough to keep margins elevated.
entire business
Key Numbers
7.3x
trailing p/e
P/E → price-to-earnings ratio → so what: you are paying $7.30 for each $1 of trailing profit, which is cheap if rates hold.
32.5%
operating margin
Operating margin → profit after running the business → so what: about $0.33 of every revenue dollar stayed after operating costs in 2024.
23.0%
return on capital
Return on capital → profit earned on money tied up in ships and operations → so what: Teekay turned heavy assets into unusually strong returns.
$952M
annual revenue
Revenue fell 22.6% vs. prior year from a stronger market, which is your reminder that this business rides rates, not subscriptions.
Financial Health
n/a
Strength
- balance sheet grade n/a
- risk rank 2 — safer than 80% of stocks
- price stability 25 / 100
n/a — functional but not a standout on the balance sheet.
Total Return vs. Market
source: institutional data · return history unavailable
What Just Happened
beat estimates
Teekay reported $120.5 million of GAAP net income in Q4 2025 on $258.3 million of revenue.
The company said Q4 2025 GAAP EPS was $3.47 in its February 18, 2026 results. Yahoo's last-earnings figure showed $2.64, which points to an adjusted-vs.-GAAP difference rather than a weaker quarter.
$258.3M
revenue
$3.47
gaap eps
$120.5M
net income
the number that mattered
Q4 revenue of $258.3M equals about 27.1% of the full-year $952M revenue base, which shows how one strong quarter can swing this stock.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. Plain English, no spam.
Weekly updates
Earnings alerts
Plain English
No spam
What Could Go Wrong
The #1 risk is suezmax and aframax spot-rate compression — because most of TNK's earnings power reprices with the freight market, not on a long contract schedule.
High
Spot-rate reset
your earnings are tied to daily charter rates. 65% of Q1 2026 suezmax spot days were booked at $56,900 per day, which looks healthy now and reminds you how fast a weaker freight market would hit reported results.
most of the business reprices with the market
Med
Fleet renewal timing
TNK is buying and selling steel assets in a cyclical market. paying up for newer vessels near a peak or selling older ships into a weak bid can destroy value without showing up as an income-statement collapse right away.
asset values move with the cycle, not with management optimism
Med
Revenue decline turning into margin decline
revenue fell 9.9% last year and shipping revenue dropped to roughly $952M. if lower rates start hitting both major segments at once, the current 37% net margin does not stay untouched.
cheap multiples stop helping once earnings are falling with them
Low
Parent influence
teekay corporation still holds a 10.6 million share stake and board influence. that does not make the setup broken, but it does mean capital allocation is not a one-person thought experiment for minority holders.
governance matters most when a cycle turns and cash gets harder to replace
TNK produced roughly $952M of shipping revenue last year, and a large share of that earning power still sits on the level of tanker day rates next quarter, not years from now.
Source: institutional data · regulatory filings · risk analysis
Pay Attention To
Rate check
Suezmax bookings
65% of Q1 2026 suezmax spot days were booked at $56,900 per day. if that booking pace or rate rolls lower next quarter, the 7.3x multiple will look less like a bargain and more like a warning.
Calendar
Q1 2026 results
watch the next report for updated spot bookings, any disclosed aframax/lr2 rate data, and whether profit still outruns revenue pressure.
Trend
Revenue versus margin
revenue fell 9.9% last year while net margin stayed at 37%. that spread is the whole story. if both start falling together, the earnings reset is underway.
Capital allocation
Fleet deals and cash returns
with 0.01x debt/equity, TNK has room to repurchase stock, return cash, or reshape the fleet. what management does with that flexibility will tell you how they read the cycle.
Analyst Rankings
earnings predictability
5 / 100
in human-speak, analysts do not expect next year's earnings to look much like last year's. that is what spot exposure does.
risk rank
2
this scores safer than 80% of stocks on the dataset's risk scale. translation: the balance sheet looks sturdier than the stock chart.
Source: institutional data
Institutional Activity
institutional ownership data for TNK is being compiled.
Source: institutional data
Price Targets
3-5 year target range
$65
Current price
Target midpoint · from current
Want the deeper analysis?
The full deep dive: DCF model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
See plans from $5/moThe Deep Dive