Teekay Tankers Ltd. (TNK) Key Metrics
TNK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.36B
- Enterprise value
- $2.09B
- P/E (TTM)
- 5.8 10-yr median 4.5
- Forward P/E
- 8.3
- PEG ratio
- 1.10
- Price / sales
- 2.9 10-yr median 0.8
- Price / book
- 1.4 10-yr median 0.6
- EV / EBITDA
- 3.1 10-yr median 3.9
- Dividend yield
- 0.90% $1.00 a year
- Beta
- −0.12
TNK key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTNK valuation Price multiples at each fiscal year-end price.
TNK returns How much profit the business earns on the capital it uses.
TNK per-share figures Results divided by the shares outstanding at year-end.
TNK financial health Debt, liquidity and how easily interest is covered.
TNK efficiency & capital use Working capital cycle and where the cash goes.
TNK valuation history
TNK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TNK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TNK cash returned to shareholders
TNK price vs earnings per share
TNK key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.86B | $1.38B | $1.73B | $1.06B | $369.1M | $373.5M | $808.5M | $249.7M | $262.1M | $385.0M |
| Enterprise value | $1.06B | $908.9M | $1.56B | $1.45B | $972.5M | $893.2M | $1.76B | $1.31B | $1.29B | $1.25B |
| P/E ratio | 5.3 | 3.4 | 3.3 | 4.5 | — | 4.3 | 19.5 | — | — | 6.1 |
| Price / sales | 2.0 | 1.1 | 1.2 | 0.9 | 0.7 | 0.4 | 0.9 | 0.3 | 0.6 | 0.7 |
| Price / book | 0.9 | 0.8 | 1.1 | 1.0 | 0.4 | 0.3 | 0.8 | 0.3 | 0.3 | 0.4 |
| Price / free cash flow | 16.5 | 3.5 | 2.8 | 5.9 | — | 1.1 | 7.6 | — | 3.5 | 1.9 |
| Price / operating cash flow | 6.1 | 2.9 | 2.8 | 5.5 | — | 1.1 | 6.9 | — | 3.3 | 1.8 |
| EV / sales | 1.1 | 0.7 | 1.1 | 1.2 | 1.8 | 1.0 | 1.9 | 1.7 | 3.0 | 2.4 |
| EV / EBITDA | 2.4 | 1.8 | 2.4 | 3.9 | — | 2.7 | 7.0 | 9.8 | 13.0 | 6.4 |
| EV / free cash flow | 9.4 | 2.3 | 2.5 | 8.2 | — | 2.7 | 16.6 | — | 17.2 | 6.2 |
| Earnings yield | 18.9% | 29.2% | 30.1% | 22.3% | −65.7% | 23.4% | 5.1% | −21.0% | −22.1% | 16.3% |
| Free cash flow yield | 6.1% | 28.7% | 35.7% | 16.8% | −34.9% | 88.9% | 13.1% | −5.2% | 28.6% | 52.1% |
| Dividend yield | 3.7% | 7.4% | 3.4% | 0.0% | 0.0% | — | 0.0% | 3.2% | 7.9% | 12.2% |
| Shareholder yield (dividends + buybacks) | 3.7% | 7.4% | 3.4% | 0.0% | 0.0% | — | 0.0% | 3.2% | 7.9% | 16.1% |
| Share price at fiscal year-end | $53.42 | $39.79 | $49.97 | $30.81 | $10.90 | $11.01 | $23.97 | $7.44 | $11.20 | $18.08 |
| Per share | ||||||||||
| Revenue per share | $27.37 | $35.42 | $42.63 | $34.36 | $16.02 | $26.13 | $27.98 | $22.52 | $18.42 | $24.75 |
| Earnings per share | $10.10 | $11.63 | $15.04 | $6.87 | −$7.16 | $2.57 | $1.23 | −$1.57 | −$2.48 | $2.95 |
| Operating cash flow per share | $8.80 | $13.60 | $18.11 | $5.64 | −$3.17 | $10.26 | $3.49 | −$0.22 | $3.40 | $9.86 |
| Free cash flow per share | $3.24 | $11.43 | $17.82 | $5.19 | −$3.80 | $9.78 | $3.14 | −$0.39 | $3.20 | $9.43 |
| Cash per share | $24.54 | $15.40 | $11.32 | $5.26 | $1.49 | $2.87 | $2.63 | $1.64 | $3.05 | $3.20 |
| Book value per share | $58.77 | $50.61 | $44.84 | $31.21 | $24.76 | $31.81 | $29.35 | $28.21 | $43.01 | $43.24 |
| Tangible book value per share | $58.63 | $50.53 | $44.75 | $31.11 | $24.65 | $31.68 | $29.20 | $27.63 | $42.04 | $42.03 |
| Dividends per share | $1.98 | $2.96 | $1.72 | $0.00 | $0.00 | — | $0.00 | $0.24 | $0.88 | $2.20 |
| Capex per share | $5.56 | $2.17 | $0.30 | $0.45 | $0.63 | $0.47 | $0.34 | $0.17 | $0.20 | $0.43 |
| Debt per share | $1.59 | $1.79 | $6.50 | $16.81 | $19.32 | $18.19 | $30.95 | $33.09 | $47.05 | $43.82 |
| Shares outstanding | 34.8M | 34.7M | 34.6M | 34.3M | 33.9M | 33.9M | 33.7M | 33.6M | 23.4M | 21.3M |
| Change in shares outstanding | +0.2% | +0.4% | +0.8% | +1.3% | −0.2% | +0.6% | +0.5% | +43.4% | +9.9% | +17.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.5% | 24.4% | 39.7% | 24.7% | −25.3% | 8.4% | 4.3% | −5.4% | −6.0% | 7.0% |
| Return on invested capital (ROIC) | 17.0% | 28.5% | 37.5% | 18.0% | −10.1% | 7.4% | 4.2% | 0.3% | 0.1% | 4.1% |
| Return on assets (ROA) | 16.7% | 20.6% | 27.9% | 13.8% | −14.0% | 4.3% | 1.9% | −2.4% | −2.8% | 3.1% |
| Return on tangible assets | 15.7% | 20.5% | 26.8% | 13.2% | −15.0% | 4.8% | 1.9% | −2.5% | −2.7% | 3.3% |
| Free cash flow margin | 11.8% | 32.3% | 41.8% | 15.1% | −23.7% | 37.4% | 11.2% | −1.7% | 17.4% | 38.1% |
| Income quality (OCF / net income) | 0.87 | 1.17 | 1.20 | 0.82 | — | 3.98 | 2.84 | — | — | 3.34 |
| Financial health | ||||||||||
| Total debt | $55.2M | $62.3M | $224.7M | $576.2M | $654.0M | $617.0M | $1.04B | $1.11B | $1.10B | $933.0M |
| Cash & short-term investments | $853.3M | $534.3M | $391.5M | $180.5M | $50.6M | $97.2M | $88.8M | $54.9M | $71.4M | $68.1M |
| Net debt | −$798.0M | −$472.0M | −$166.8M | $395.7M | $603.5M | $519.8M | $955.2M | $1.06B | $1.03B | $864.9M |
| Debt / equity | 0.03 | 0.04 | 0.14 | 0.54 | 0.78 | 0.57 | 1.05 | 1.17 | 1.09 | 1.01 |
| Debt / assets | 0.02 | 0.03 | 0.12 | 0.32 | 0.40 | 0.34 | 0.47 | 0.51 | 0.50 | 0.48 |
| Net debt / EBITDA | −1.83 | −0.93 | −0.25 | 1.06 | — | 1.58 | 3.81 | 7.95 | 10.39 | 4.46 |
| Current ratio | 7.98 | 5.66 | 3.97 | 2.70 | 1.56 | 1.24 | 1.49 | 1.14 | 0.75 | 0.91 |
| Quick ratio | 7.76 | 5.32 | 3.65 | 2.34 | 1.25 | 1.07 | 1.32 | 0.94 | 0.75 | 0.91 |
| Interest coverage | 74.2 | 50.9 | 19.7 | 7.4 | -5.5 | 2.7 | 1.9 | 0.1 | 0.0 | 2.9 |
| Working capital | $944.2M | $615.9M | $498.9M | $289.3M | $88.3M | $48.3M | $141.5M | $27.8M | −$60.0M | −$21.4M |
| Invested capital | $1.25B | $1.28B | $1.38B | $1.47B | $1.44B | $1.60B | $1.95B | $2.00B | $2.04B | $1.79B |
| Tangible asset value | $2.04B | $1.75B | $1.55B | $1.07B | $834.5M | $1.07B | $984.9M | $927.2M | $983.9M | $894.9M |
| Net current asset value | $881.4M | $530.5M | $275.5M | −$254.1M | −$534.9M | −$515.9M | −$818.3M | −$988.6M | −$1.01B | −$796.3M |
| Graham number | $115.55 | $115.09 | $123.19 | $69.44 | — | $42.92 | $28.46 | — | — | $53.59 |
| Graham net-net per share | $22.56 | $12.93 | $4.99 | −$10.24 | −$18.84 | −$17.56 | −$29.11 | −$31.02 | −$45.16 | −$42.26 |
| Capital allocation | ||||||||||
| Dividends paid | $69.0M | $102.8M | $59.5M | $0 | $0 | — | $0 | $8.1M | $20.7M | $46.8M |
| Share buybacks (net) | $0 | $0 | — | — | — | — | $0 | $0 | $0 | $15.0M |
| Dividend payout ratio | 19.6% | 25.5% | 11.4% | 0.0% | — | — | 0.0% | — | — | 74.5% |
| Dividends + buybacks / free cash flow | 61.3% | 25.9% | 9.7% | 0.0% | — | — | 0.0% | — | 27.6% | 30.8% |
| Capex / revenue | 20.3% | 6.1% | 0.7% | 1.3% | 4.0% | 1.8% | 1.2% | 0.8% | 1.1% | 1.8% |
| Capex / operating cash flow | 63.2% | 16.0% | 1.6% | 8.0% | — | 4.6% | 9.9% | — | 5.9% | 4.4% |
| Capex / depreciation | 2.23 | 0.81 | 0.10 | 0.16 | 0.20 | 0.14 | 0.09 | 0.05 | 0.05 | 0.09 |
| Stock-based compensation / revenue | — | — | 0.2% | 3.5% | 0.4% | 0.2% | 0.1% | 0.1% | 0.2% | 0.3% |
| SG&A / revenue | 4.9% | 3.8% | 3.0% | 3.5% | 8.1% | 4.4% | 3.9% | 5.3% | 7.6% | 3.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.2 | 50.5 | 49.1 | 45.2 | 53.1 | 55.9 | 64.7 | 52.0 | 60.2 | 75.0 |
| Days of inventory on hand | 19.9 | 21.7 | 23.3 | 23.0 | 25.4 | 24.3 | 20.9 | 9.8 | -1.0 | — |
| Days payables outstanding | 34.4 | 13.0 | 15.6 | 16.2 | 20.0 | 29.3 | 19.3 | 4.9 | 10.6 | 14.1 |
| Cash conversion cycle (days) | 42.7 | 59.1 | 56.9 | 52.1 | 58.5 | 50.8 | 66.3 | 57.0 | 48.7 | 60.9 |
| Receivables turnover | 6.38 | 7.23 | 7.43 | 8.07 | 6.87 | 6.53 | 5.64 | 7.02 | 6.06 | 4.87 |
| Payables turnover | 10.60 | 28.10 | 23.40 | 22.60 | 18.22 | 12.45 | 18.95 | 74.48 | 34.48 | 25.81 |
| Inventory turnover | 18.31 | 16.83 | 15.64 | 15.87 | 14.36 | 15.05 | 17.50 | 37.12 | — | — |
| Asset turnover | 0.45 | 0.63 | 0.79 | 0.69 | 0.31 | 0.43 | 0.43 | 0.35 | 0.21 | 0.26 |
| Average receivables | $149.1M | $169.9M | $198.3M | $146.0M | $78.9M | $135.6M | $167.4M | $107.7M | $71.2M | $108.3M |
| Average payables | $65.1M | $29.7M | $38.1M | $38.6M | $32.9M | $51.0M | $41.1M | $9.5M | $11.1M | $15.6M |
| Average inventory | $37.7M | $49.6M | $57.0M | $54.9M | $41.8M | $42.2M | $44.5M | $19.1M | −$1.0M | — |
| Intangibles / total assets | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.9% | 1.0% | 1.3% |
Computed from TNK's annual financial statements (latest annual report filed March 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TNK valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Teekay Tankers traded at 5.3 times earnings, against a 10-year median of 4.5. Based on the latest twelve months, the trailing P/E is 5.8 and the forward P/E is 8.3. Teekay Tankers earned a return on equity of 18.5% and a return on invested capital of 17.0% in fiscal 2025. It ended the year with $55.2 million of debt and $853.3 million in cash and short-term investments, a net cash position of $798.0 million. It returned $69.0 million to shareholders: $69.0 million in dividends and $0 in share buybacks, 61% of free cash flow. The share count rose 63.3% from 21.3M to 34.8M over 9 years.
See the TNK income statement, the TNK chart for price history, or the TNK stock overview for the latest quote and news.
TNK key metrics FAQ
What is Teekay Tankers's P/E ratio?
Teekay Tankers's trailing P/E ratio is 5.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.3. At the end of fiscal 2025 it was 5.3, compared with a 10-year median of 4.5.
What is Teekay Tankers's EV/EBITDA?
Teekay Tankers's enterprise value was 2.4 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $436.8 million); the current EV/EBITDA is 3.1.
What is Teekay Tankers's return on equity?
Teekay Tankers's return on equity (ROE) was 18.5% in fiscal 2025: net income of $351.2 million on average shareholders' equity of $1.9 billion.
What is Teekay Tankers's ROIC?
Teekay Tankers's return on invested capital was 17.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Teekay Tankers have?
Teekay Tankers had total debt of $55.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
What is Teekay Tankers's dividend yield?
Teekay Tankers's forward dividend yield is 0.90%. Teekay Tankers paid $69.0 million in dividends in fiscal 2025 ($1.98 per share), a payout ratio of 19.6%.
What is Teekay Tankers's free cash flow yield?
Teekay Tankers generated $112.6 million of free cash flow in fiscal 2025, a free cash flow yield of 6.1% on its market value at year-end ($1.9 billion).
What is Teekay Tankers's current ratio?
Teekay Tankers's current ratio was 7.98 at the end of fiscal 2025: current assets were 7.98 times current liabilities.