Teekay Corporation Ltd.

EnergySmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Teekay Corporation Ltd. provides crude oil marine transportation and other marine services worldwide. The company operates in two segments, Tankers and Marine Services. It owns and operates crude oil and refined product tankers. The company also offers ship-to-ship support services; tanker commercial management operation services; technical management; and operational and maintenance marine services. It operates a fleet of 34 double-hull tankers. It serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. The company was formerly known as Teekay Corporation and changed its name to Teekay Corporation Ltd. in October 2024. Teekay Corporation Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.

Valuation

Market Cap$992M

Current Price$12.44as of Jun 23, 2026

P/E Ratio10.11

P/B Ratio1.37

EV / EBITDA0.22

EV / Sales0.10

Profitability

Operating Margin21.8%

Net Profit Margin10.3%

EBITDA Margin46.0%

Returns

ROE13.5%

ROCE9.3%

ROIC %27.6%

ROA4.2%

Solvency

Current Ratio-

Debt / Equity0.06

Debt / Assets0.02

CFO / Net Profit3.08

Price History▲ 40.41% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$950M▼ 22.2%

EBITDA$437M▼ 13.2%

Net Profit$98M▼ 26.7%

Cash from Ops (CFO)$302M▼ 35.4%

Free Cash Flow (FCF)$109M▼ 72.3%

Revenue CAGR 3Y-7.3%

Revenue CAGR 5Y-

Net Profit CAGR 3Y7.8%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$950M	$437M	$98M	$109M	13.5%	-22.2%	-26.7%
2024	$1.2B	$503M	$134M	$392M	18.8%	-16.7%	-11.2%
2023	$1.5B	$655M	$151M	$620M	20.6%	23.1%	92.1%
2022	$1.2B	$349M	$78M	$184M	12.6%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,190.18	1,464.98	1,220.37	949.52
Operating Revenue	-	1,190.18	1,464.98	1,220.37	949.52
Cost Of Revenue	-	897.15	884.34	826.52	688.12
Gross Profit	-	293.03	580.63	393.86	261.40
Operating Expense	-	54.95	57.59	61.06	54.77
Selling General And Administration	-	57.55	57.59	61.06	54.77
Total Expenses	-	952.10	941.93	887.58	742.88
Operating Income	-	238.09	523.04	332.80	206.64
Total Operating Income As Reported	-	245.77	531.72	365.25	302.81
EBITDA	-	348.67	655.14	503.15	436.93
Normalized EBITDA	-	343.26	644.58	466.89	338.99
EBIT	-	249.63	557.59	409.57	350.30
Interest Income	-	6.69	24.13	37.22	36.17
Interest Expense	-	38.58	28.01	7.54	2.90
Net Interest Income	-	-31.89	-3.88	29.68	33.27
Other Non Operating Income Expenses	-	-0.79	-3.57	0.53	-0.06
Other Income Expense	-	4.86	10.42	39.55	107.49
Interest Income Non Operating	-	6.69	24.13	37.22	36.17
Interest Expense Non Operating	-	38.58	28.01	7.54	2.90
Net Non Operating Interest Income Expense	-	-31.89	-3.88	29.68	33.27
Pretax Income	-	211.05	529.58	402.02	347.40
Tax Provision	-	1.42	12.16	0.40	-4.58
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0.04	0.24	0.04	20.57
Net Income Continuous Operations	-	209.64	517.42	401.62	351.98
Net Income From Continuing And Discontinued Operation	-	78.41	150.64	133.77	98.11
Net Income From Continuing Operation Net Minority Interest	-	98.68	150.64	133.77	98.11
Net Income	-	78.41	150.64	133.77	98.11
Net Income Common Stockholders	-	78.41	150.64	133.77	98.11
Net Income Including Noncontrolling Interests	-	189.36	517.42	401.62	351.98
Normalized Income	-	93.32	140.32	97.55	20.74
Diluted NI Availto Com Stockholders	-	79.48	148.89	132.74	97.58
Basic Average Shares	-	102.12	94.48	91.29	86.04
Reconciled Depreciation	-	99.03	97.55	93.58	86.63
Reconciled Cost Of Revenue	-	897.15	884.34	826.52	688.12
Total Unusual Items	-	5.40	10.56	36.26	97.94
Total Unusual Items Excluding Goodwill	-	5.40	10.56	36.26	97.94
Minority Interests	-	-110.95	-366.78	-267.85	-253.87
Net Income Discontinuous Operations	-	-20.28	0	0	0
Special Income Charges	-	-2.41	8.68	32.45	96.18
Other Special Charges	-	12.69	-	-	-
Write Off	2.13	-	-	-	-
Restructuring And Mergern Acquisition	-	11.58	1.68	5.63	5.57
Gain On Sale Of Security	-	7.81	1.88	3.81	1.76
General And Administrative Expense	-	57.55	57.59	61.06	54.77
Other Gand A	-	57.55	57.59	61.06	54.77
Gain On Sale Of Ppe	-	21.86	10.36	38.08	101.74
Rent Expense Supplemental	-	27.37	70.84	74.80	45.26
Other Operating Expenses	-32.95	-	-	-	-
Provision For Doubtful Accounts	2.49	-2.60	0	0	-
Earnings From Equity Interest	-	0.24	3.43	2.77	9.62
Average Dilution Earnings	-	1.08	-1.75	-1.03	-0.53

Peer Comparison

Energy sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Teekay Corporation Ltd.this co.	TK	$992M	10.11↓ discount	1.37	13.5%	0.22
NPK International Inc.	NPKI	$1.2B	31.71	3.52	11.1%	17.16
Nordic American Tankers Limited	NAT	$1.1B	90.77	2.50	2.8%	14.20
HighPeak Energy, Inc.	HPK	$1.0B	55.31	0.66	1.2%	3.53
Diversified Energy Company	DEC	$1.0B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Teekay Corporation Ltd. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$950M

$437M

$98M

$109M

13.5%

-22.2%

-26.7%

2024

$1.2B

$503M

$134M

$392M

18.8%

-16.7%

-11.2%

2023

$1.5B

$655M

$151M

$620M

20.6%

23.1%

92.1%

2022

$1.2B

$349M

$78M

$184M

12.6%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

1,190.18

1,464.98

1,220.37

949.52

Operating Revenue

1,190.18

1,464.98

1,220.37

949.52

Cost Of Revenue

897.15

884.34

826.52

688.12

Gross Profit

293.03

580.63

393.86

261.40

Operating Expense

54.95

57.59

61.06

54.77

Selling General And Administration

57.55

57.59

61.06

54.77

Total Expenses

952.10

941.93

887.58

742.88

Operating Income

238.09

523.04

332.80

206.64

Total Operating Income As Reported

245.77

531.72

365.25

302.81

EBITDA

348.67

655.14

503.15

436.93

Normalized EBITDA

343.26

644.58

466.89

338.99

EBIT

249.63

557.59

409.57

350.30

Interest Income

6.69

24.13

37.22

36.17

Interest Expense

38.58

28.01

7.54

2.90

Net Interest Income

-31.89

-3.88

29.68

33.27

Other Non Operating Income Expenses

-0.79

-3.57

0.53

-0.06

Other Income Expense

4.86

10.42

39.55

107.49

Interest Income Non Operating

6.69

24.13

37.22

36.17

Interest Expense Non Operating

38.58

28.01

7.54

2.90

Net Non Operating Interest Income Expense

-31.89

-3.88

29.68

33.27

Pretax Income

211.05

529.58

402.02

347.40

Tax Provision

1.42

12.16

0.40

-4.58

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.04

0.24

0.04

20.57

Net Income Continuous Operations

209.64

517.42

401.62

351.98

Net Income From Continuing And Discontinued Operation

78.41

150.64

133.77

98.11

Net Income From Continuing Operation Net Minority Interest

98.68

150.64

133.77

98.11

Net Income

78.41

150.64

133.77

98.11

Net Income Common Stockholders

78.41

150.64

133.77

98.11

Net Income Including Noncontrolling Interests

189.36

517.42

401.62

351.98

Normalized Income

93.32

140.32

97.55

20.74

Diluted NI Availto Com Stockholders

79.48

148.89

132.74

97.58

Basic Average Shares

102.12

94.48

91.29

86.04

Reconciled Depreciation

99.03

97.55

93.58

86.63

Reconciled Cost Of Revenue

897.15

884.34

826.52

688.12

Total Unusual Items

5.40

10.56

36.26

97.94

Total Unusual Items Excluding Goodwill

5.40

10.56

36.26

97.94

Minority Interests

-110.95

-366.78

-267.85

-253.87

Net Income Discontinuous Operations

-20.28

Special Income Charges

-2.41

8.68

32.45

96.18

Other Special Charges

12.69

Write Off

2.13

Restructuring And Mergern Acquisition

11.58

1.68

5.63

5.57

Gain On Sale Of Security

7.81

1.88

3.81

1.76

General And Administrative Expense

57.55

57.59

61.06

54.77

Other Gand A

57.55

57.59

61.06

54.77

Gain On Sale Of Ppe

21.86

10.36

38.08

101.74

Rent Expense Supplemental

27.37

70.84

74.80

45.26

Other Operating Expenses

-32.95

Provision For Doubtful Accounts

2.49

-2.60

Earnings From Equity Interest

0.24

3.43

2.77

9.62

Average Dilution Earnings

1.08

-1.75

-1.03

-0.53

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Teekay Corporation Ltd.this co.

$992M

10.11↓ discount

1.37

13.5%

0.22

NPK International Inc.

NPKI

$1.2B

31.71

3.52

11.1%

17.16

Nordic American Tankers Limited

NAT

$1.1B

90.77

2.50

2.8%

14.20

HighPeak Energy, Inc.

HPK

$1.0B

55.31

0.66

1.2%

3.53

Diversified Energy Company

DEC

$1.0B

Teekay Corporation Ltd.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Teekay Corporation Ltd.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on