Teekay Corporation (TK) Income Statement
TK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTK revenue and net income
Where TK's revenue goes
2025Each bar shows an amount and its share of revenue. TK kept 10.3% of revenue as net income.
TK profit margins
TK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −22.2% | −7.3% | −3.7% | −9.0% |
| Gross profit | −33.6% | −3.7% | +0.9% | −11.0% |
| Operating income | −43.4% | −5.6% | +24.1% | −10.5% |
| Net income | −26.7% | +7.8% | — | +1.8% |
| EPS (diluted) | −13.5% | +48.7% | +7.0% | +2.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TK quarterly EPS vs estimates
Teekay beat the analyst EPS estimate in 3 of the last 4 quarters. Next report: November 4, 2026.
TK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $949.5M | $1.22B | $1.46B | $1.19B | $682.5M | $1.15B | $1.92B | $1.71B | $1.88B | $2.33B |
| Cost of revenue | $688.1M | $826.5M | $884.3M | $897.1M | $732.2M | $896.9M | $1.46B | $1.39B | $1.49B | $1.69B |
| Gross profit | $261.4M | $393.9M | $580.6M | $293.0M | −$49.7M | $249.4M | $466.6M | $318.6M | $388.7M | $643.2M |
| Sales, general & admin | $54.8M | $61.1M | $57.6M | $57.6M | $74.4M | $64.2M | $81.4M | $96.6M | $106.2M | $119.9M |
| Total operating expenses | $54.8M | $28.6M | $48.9M | $47.3M | $135.6M | $179.2M | $81.4M | $154.3M | $382.0M | $258.9M |
| Operating income | $206.6M | $365.2M | $531.7M | $245.8M | −$185.4M | $70.2M | −$109.2M | $164.3M | $6.7M | $384.3M |
| Interest income | $36.2M | $37.2M | $20.9M | $39.5M | $169,000 | $8.3M | $313.1M | $200.3M | $469.6M | $234.1M |
| Interest expense | $2.9M | $7.5M | $28.0M | $38.6M | $68.4M | $89.1M | $111.4M | $254.1M | $268.4M | $283.0M |
| Income before taxes | $347.4M | $402.0M | $529.6M | $211.1M | −$282.4M | −$18.7M | −$123.5M | −$38.0M | −$516.8M | $111.1M |
| Income taxes | −$4.6M | $405,000 | $12.2M | $1.4M | −$5.0M | $5.6M | −$25.5M | $19.7M | $12.2M | $24.5M |
| Net income | $98.1M | $133.8M | $150.6M | $78.4M | $7.8M | −$82.9M | −$310.6M | −$79.2M | −$163.3M | −$123.2M |
| EBITDA | $436.9M | $503.1M | $655.1M | $348.7M | −$107.9M | $201.7M | −$41.6M | $492.4M | $274.7M | $965.9M |
| EPS (diluted) | $1.15 | $1.33 | $1.58 | $0.35 | −$2.56 | $0.82 | −$0.19 | −$0.53 | −$1.37 | −$0.52 |
| Gross margin | 27.5% | 32.3% | 39.6% | 24.6% | −7.3% | 21.8% | 24.3% | 18.7% | 20.7% | 27.6% |
| Operating margin | 21.8% | 29.9% | 36.3% | 20.6% | −27.2% | 6.1% | −5.7% | 9.6% | 0.4% | 16.5% |
| Net margin | 10.3% | 11.0% | 10.3% | 6.6% | 1.1% | −7.2% | −16.2% | −4.6% | −8.7% | −5.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $664.9M | $332.5M | $243.1M | $243.1M | $231.7M | $231.6M | $256.6M | $272.6M | $326.1M | $365.1M | $339.2M | $311.7M |
| Cost of revenue | $281.6M | $140.8M | $144.7M | $144.7M | $149.7M | $162.4M | $200.4M | $200.9M | $205.9M | $219.4M | $224.5M | $216.6M |
| Gross profit | $383.3M | $191.7M | $98.4M | $98.4M | $82.0M | $69.2M | $56.2M | $71.8M | $120.2M | $145.7M | $114.7M | $95.1M |
| Sales, general & admin | $28.2M | $14.1M | $12.1M | $12.1M | $20.8M | $9.7M | $12.3M | $13.9M | $18.0M | $16.8M | $12.1M | $13.8M |
| Total operating expenses | $15.3M | $7.7M | $9.0M | $9.0M | $32.4M | −$5.2M | −$14.1M | $13.9M | $18.0M | $5.2M | $1.8M | $13.8M |
| Operating income | $368.0M | $184.0M | −$6.8M | −$6.8M | $49.6M | $74.4M | $70.3M | $57.8M | $102.2M | $140.5M | $113.0M | $81.3M |
| Interest income | — | — | $32.7M | — | $11.9M | — | $8.5M | $10.0M | $9.8M | $9.0M | $7.1M | $857,000 |
| Interest expense | $1.3M | — | — | — | $777,000 | — | $798,000 | $844,000 | $1.0M | $4.9M | $4.2M | $6.5M |
| Income before taxes | $388.9M | $194.5M | $105.7M | $105.7M | $60.5M | $75.6M | $80.5M | $62.6M | $114.0M | $144.9M | $117.6M | $82.0M |
| Income taxes | $9.1M | $4.5M | −$1.7M | −$1.7M | −$635,000 | −$470,000 | −$994,000 | $457,000 | $3.8M | −$2.8M | $2.6M | −$2.1M |
| Net income | $117.2M | $58.6M | $32.3M | $32.3M | −$42.4M | $76.0M | $25.2M | $20.1M | $33.8M | $54.6M | $35.4M | $26.2M |
| EBITDA | $433.2M | $177.6M | $130.9M | $86.3M | $62.3M | $53.8M | $105.8M | $86.9M | $137.4M | $173.1M | $146.4M | $113.0M |
| EPS (diluted) | $0.79 | $0.55 | $0.40 | $0.34 | −$0.50 | $0.91 | $0.19 | $0.21 | $0.36 | $0.57 | $0.37 | $0.27 |
| Gross margin | 57.6% | 57.6% | 40.5% | 40.5% | 35.4% | 29.9% | 21.9% | 26.3% | 36.9% | 39.9% | 33.8% | 30.5% |
| Operating margin | 55.3% | 55.3% | −2.8% | −2.8% | 21.4% | 32.1% | 27.4% | 21.2% | 31.3% | 38.5% | 33.3% | 26.1% |
| Net margin | 17.6% | 17.6% | 13.3% | 13.3% | −18.3% | 32.8% | 9.8% | 7.4% | 10.4% | 15.0% | 10.4% | 8.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TK's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TK financial results
In fiscal year 2025 (ended December 31, 2025), Teekay reported revenue of $949.5 million, down 22.2% from the year before. It had net income of $98.1 million (down 26.7%), a net profit margin of 10.3%. Diluted earnings per share came to $1.15. Over five years revenue grew at an average rate of −3.7% a year.
See the TK stock overview for the latest quote and news, or the TK chart for price history and technical indicators.
TK income statement FAQ
What is Teekay's annual revenue?
Teekay reported total revenue of $949.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 22.2% from $1.2 billion the previous year.
Is Teekay profitable?
Yes. Teekay reported net income of $98.1 million in fiscal 2025, a net profit margin of 10.3%; its operating margin was 21.8%.
What is Teekay's gross margin?
Teekay's gross margin was 27.5% in fiscal 2025: for every $100 of revenue, Teekay kept $28 after the direct cost of its products and services.
How fast is Teekay growing?
Revenue grew −3.7% a year on average over the last five fiscal years, from $1.1 billion to $949.5 million.
What are Teekay's earnings per share?
Teekay earned $1.15 per diluted share in fiscal 2025, compared with $1.33 a year earlier.
When will Teekay report its next earnings?
Teekay is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Teekay's fiscal year end?
Teekay's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.