Teekay Tankers Ltd. (TNK) Income Statement
TNK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTNK revenue and net income
Where TNK's revenue goes
2025Each bar shows an amount and its share of revenue. TNK kept 36.9% of revenue as net income.
TNK profit margins
TNK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −22.6% | −6.9% | +1.4% | +6.4% |
| Gross profit | −33.7% | −5.1% | +0.8% | +2.3% |
| Operating income | −43.4% | −6.6% | +8.7% | +1.4% |
| Net income | −13.0% | +14.3% | +32.1% | +6.9% |
| EPS (diluted) | −32.5% | +2.9% | +8.9% | −3.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TNK quarterly EPS vs estimates
Teekay Tankers beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $3.45).
TNK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $951.8M | $1.23B | $1.47B | $1.18B | $542.4M | $886.4M | $943.9M | $755.8M | $431.2M | $526.9M |
| Cost of revenue | $690.2M | $835.0M | $892.0M | $872.0M | $600.4M | $635.0M | $778.1M | $707.8M | $383.9M | $401.6M |
| Gross profit | $261.6M | $394.3M | $581.7M | $306.0M | −$58.0M | $251.4M | $165.8M | $48.0M | $47.3M | $125.3M |
| Sales, general & admin | $46.6M | $46.6M | $43.7M | $41.1M | $43.7M | $39.0M | $36.4M | $39.8M | $32.9M | $18.2M |
| Total operating expenses | $46.6M | $14.2M | $34.9M | $42.1M | $136.1M | $109.8M | $41.9M | $39.8M | $32.9M | $18.2M |
| Operating income | $215.0M | $380.1M | $546.8M | $263.8M | −$194.1M | $141.6M | $123.9M | $7.2M | $1.4M | $86.5M |
| Interest income | $29.7M | $24.1M | $8.0M | $1.3M | $122,000 | $1.2M | $62.6M | $50.4M | $54.4M | $23.0M |
| Interest expense | $2.9M | $7.5M | $27.7M | $35.7M | $35.0M | $51.5M | $65.4M | $58.7M | $31.3M | $29.8M |
| Income before taxes | $347.3M | $404.1M | $532.5M | $237.7M | −$244.3M | $94.6M | $61.5M | −$52.5M | −$58.0M | $62.9M |
| Income taxes | −$3.9M | $405,000 | $12.6M | $2.2M | −$1.9M | $7.3M | $20.1M | $59.8M | $5.3M | $7.5M |
| Net income | $351.2M | $403.7M | $519.9M | $235.4M | −$242.4M | $87.3M | $41.4M | −$52.5M | −$58.0M | $62.9M |
| EBITDA | $436.8M | $505.1M | $657.7M | $372.4M | −$103.2M | $329.6M | $250.8M | $132.8M | $99.1M | $193.9M |
| EPS (diluted) | $6.96 | $10.31 | $14.61 | $6.38 | −$3.85 | $4.54 | $1.83 | −$1.68 | −$0.88 | $4.08 |
| Gross margin | 27.5% | 32.1% | 39.5% | 26.0% | −10.7% | 28.4% | 17.6% | 6.4% | 11.0% | 23.8% |
| Operating margin | 22.6% | 30.9% | 37.1% | 22.4% | −35.8% | 16.0% | 13.1% | 1.0% | 0.3% | 16.4% |
| Net margin | 36.9% | 32.8% | 35.3% | 20.0% | −44.7% | 9.9% | 4.4% | −7.0% | −13.5% | 11.9% |
| 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 | $379.5M | $286.1M | $258.3M | $229.0M | $232.9M | $231.6M | $351.1M | $243.3M | $328.3M | $368.3M | $313.3M | $285.9M |
| Cost of revenue | $174.6M | $150.7M | $158.5M | $174.4M | $171.7M | $185.7M | $283.7M | $174.0M | $207.9M | $222.4M | $199.9M | $193.6M |
| Gross profit | $205.0M | $135.4M | $99.8M | $54.7M | $61.2M | $46.0M | $67.4M | $69.3M | $120.4M | $145.9M | $113.4M | $92.3M |
| Sales, general & admin | $15.3M | $10.4M | $11.2M | $11.1M | $14.5M | $9.7M | $7.9M | $10.9M | $13.5M | $12.9M | $10.8M | $10.7M |
| Total operating expenses | $15.3M | $10.4M | $11.2M | $11.1M | $6.2M | −$28.5M | −$18.9M | $16.8M | $13.5M | $1.3M | $10.8M | $10.7M |
| Operating income | $189.7M | $125.0M | $88.6M | $43.5M | $55.0M | $74.4M | $86.3M | $52.5M | $106.9M | $144.6M | $102.6M | $81.6M |
| Interest income | $10.4M | $8.0M | $8.7M | $7.6M | $7.5M | $5.9M | $7.1M | $5.8M | $5.7M | $5.5M | $3.1M | $2.7M |
| Interest expense | $797,000 | $489,000 | $557,000 | $789,000 | $777,000 | $773,000 | $802,000 | $825,000 | $979,000 | $4.9M | $4.1M | $6.4M |
| Income before taxes | $231.0M | $157.6M | $119.8M | $89.7M | $62.2M | $75.6M | $96.1M | $58.2M | $114.9M | $146.0M | $113.3M | $78.8M |
| Income taxes | $5.1M | $4.0M | −$691,000 | −$2.3M | −$432,000 | −$470,000 | $3.0M | −$582,000 | $3.8M | −$2.8M | $1.6M | −$2.5M |
| Net income | $225.9M | $153.6M | $120.5M | $92.1M | $62.6M | $76.0M | $93.1M | $58.8M | $111.1M | $148.9M | $111.7M | $81.4M |
| EBITDA | $252.6M | $180.2M | $141.8M | $111.5M | $83.9M | $99.6M | $121.4M | $82.5M | $138.3M | $174.2M | $142.1M | $109.8M |
| EPS (diluted) | $5.54 | $3.69 | $2.80 | $1.54 | $1.41 | $1.21 | $1.50 | $1.84 | $3.11 | $3.86 | $2.91 | $2.24 |
| Gross margin | 54.0% | 47.3% | 38.6% | 23.9% | 26.3% | 19.8% | 19.2% | 28.5% | 36.7% | 39.6% | 36.2% | 32.3% |
| Operating margin | 50.0% | 43.7% | 34.3% | 19.0% | 23.6% | 32.1% | 24.6% | 21.6% | 32.6% | 39.3% | 32.7% | 28.5% |
| Net margin | 59.5% | 53.7% | 46.6% | 40.2% | 26.9% | 32.8% | 26.5% | 24.2% | 33.9% | 40.4% | 35.7% | 28.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TNK's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TNK financial results
In fiscal year 2025 (ended December 31, 2025), Teekay Tankers reported revenue of $951.8 million, down 22.6% from the year before. It had net income of $351.2 million (down 13.0%), a net profit margin of 36.9%. Diluted earnings per share came to $6.96. Over five years revenue grew at an average rate of 1.4% a year.
See the TNK stock overview for the latest quote and news, or the TNK chart for price history and technical indicators.
TNK income statement FAQ
What is Teekay Tankers's annual revenue?
Teekay Tankers reported total revenue of $951.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 22.6% from $1.2 billion the previous year.
Is Teekay Tankers profitable?
Yes. Teekay Tankers reported net income of $351.2 million in fiscal 2025, a net profit margin of 36.9%; its operating margin was 22.6%.
What is Teekay Tankers's gross margin?
Teekay Tankers's gross margin was 27.5% in fiscal 2025: for every $100 of revenue, Teekay Tankers kept $27 after the direct cost of its products and services.
How fast is Teekay Tankers growing?
Revenue grew 1.4% a year on average over the last five fiscal years, from $886.4 million to $951.8 million.
What are Teekay Tankers's earnings per share?
Teekay Tankers earned $6.96 per diluted share in fiscal 2025, compared with $10.31 a year earlier.
When will Teekay Tankers report its next earnings?
Teekay Tankers is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Teekay Tankers's fiscal year end?
Teekay Tankers's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.