Teekay Corp Ltd TK

EnergyOil & Gas Related Equipment and ServicesBermuda

Last close 14.07 USD on Nov 2, 2026, +82.2% year to date

Quant rating

Quant rating D Rank 87 of 113 in Energy

Growth D 97 of 113
Valuation B 35 of 113
Quality D 101 of 113
Revisions D 91 of 113
Momentum A 8 of 113

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.2B
Enterprise value: 1.6B
52-week range: 8.02 – 15.86
3-year range: 4.65 – 15.86
Dividend yield: –
Beta (5 years): 0.26
Shares outstanding: 87.7M
Next earnings: –

About the company

Teekay Corporation Ltd. is a marine energy transportation company. The Company is a provider of international crude oil, marine transportation, and other marine services. Its marine services business in Australia provides operations, supply, maintenance and engineering support, and crewing and training services, primarily under long-term contracts with the Commonwealth of Australia for ten Australian government-owned vessels. It also provides crewing services for a third party-owned Floating Production Storage and Offloading (FPSO) unit in Western Australia. It provides vessel operation services for various vessels under contract with the Australian Government: seven vessels managed under the Defense Marine Support Services Program contract and Australian Border Force Cutter Ocean Shield. It operates mid-sized tankers, including suezmax, aframax, and long range two (LR2) vessels. Its services include commercial management, fuel services, and lightering and ship-to-ship services.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	950	1,220	1,465	1,190	683	–
Revenue growth	−22.2%	−16.7%	23.1%	74.4%	−40.5%	−3.7%
EPS (basic, normalized)	–	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	36.7%	39.9%	46.3%	32.9%	8.3%	32.8%
Net margin	10.3%	11.0%	10.3%	3.1%	−15.0%	3.9%
ROE	13.7%	18.6%	22.2%	6.5%	−20.6%	8.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	950	−22.2%	1.7x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Oil & Gas Related Equipment and Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
TK Teekay Corp Ltd	1.2B	–	10.3%	1.62x	–	–	–	–
LNG Cheniere Energy, Inc.	63.6B	3.99x	26.7%	9.75x	25.0x	14.5x	10.4x	10.3x
DTM DT Midstream, Inc.	12.3B	2.80x	35.5%	2.56x	26.1x	24.1x	12.9x	12.3x
SOBO South Bow Corporation	7.3B	5.09x	21.8%	2.75x	19.3x	18.8x	12.0x	11.5x
AM Antero Midstream Corporation	9.9B	2.80x	34.7%	4.46x	19.6x	15.3x	10.8x	9.8x
KNTK Kinetik Holdings Inc.	8.7B	8.11x	9.4%	−7.34x	40.4x	28.3x	15.7x	14.0x
Mean		4.56x	23.1%	2.30x	26.1x	20.2x	12.4x	11.6x
Median		3.99x	24.2%	2.65x	25.0x	18.8x	12.0x	11.5x

Technical analysis

1M−5.2%
3M+20.8%
1Y+71.0%
3Y+286.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Teekay Corp Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	950	1,220	1,465	1,190	683	1,146
Cost of revenue	601	733	787	798	626	766
Gross profit	348	487	678	392	56.4	381
Selling, general & administrative expenses	54.8	61.1	57.6	57.6	74.4	64.2
Research & development	–	–	–	–	–	–
Depreciation/amortization	86.6	93.6	97.6	99.0	106	131
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−96.2	−32.4	−8.7	−10.3	94.2	115
Other operating expenses	0	0	0	0	−32.9	0
Operating income	303	365	532	246	−185	70.2
Net interest income (expense)	44.6	36.3	0	−39.5	−81.9	−87.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.1	0.5	−2.1	4.8	−15.2	−1.5
Net income before taxes	347	402	530	211	−282	−18.7
Provision for taxes	−4.6	0.4	12.2	1.4	−5.0	5.6
Minority interest	−254	−268	−367	−173	175	−174
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	98.1	134	151	36.8	−103	−198
Extraordinary items	–	0	0	41.7	110	115
Net income	98.1	134	151	78.4	7.8	−82.9
EBIT, normalized	207	333	523	235	−91.2	185
EBITDA, normalized	293	427	621	335	14.9	446
Basic EPS, normalized	–	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Teekay Corp Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	973	718	653	520	109	129
Receivables	135	141	188	224	104	194
Total inventory	29.4	46.0	53.2	60.8	–	–
Prepaid expenses	17.0	12.8	15.6	15.4	63.1	50.0
Other current assets	42.9	9.5	12.6	3.7	4,862	318
Total current assets	1,197	927	922	824	5,139	690
Property, plant & equipment	1,039	1,184	1,235	1,296	1,351	1,588
Goodwill	2.4	2.4	2.4	2.4	2.4	2.4
Intangibles	0	0.3	0.7	1.1	1.5	2.0
Long-term investments	0	16.0	15.7	16.2	13.0	42.3
Note receivable	–	–	–	–	–	–
Other long-term assets	122	23.1	21.4	25.3	25.2	4,622
Total assets	2,360	2,153	2,197	2,165	6,532	6,946
Liabilities
Accounts payable	20.0	25.7	34.0	47.4	41.1	119
Payable/accrued	–	–	–	–	–	–
Accrued expenses	53.9	61.1	112	94.9	103	134
Short-term debt	0	0	0	0	25.0	10.0
Current portion of long-term debt	–	0	20.5	83.6	284	90.9
Other current liabilities	60.8	45.8	6.6	6.4	2,885	549
Total current liabilities	135	133	173	232	3,338	903
Long-term debt	0	0	128	483	692	863
Minority interest	1,438	1,225	1,068	746	1,917	1,990
Other liabilities	62.8	85.4	95.6	79.8	68.7	2,709
Total liabilities	1,636	1,443	1,464	1,541	6,017	6,465
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	880	877	945	1,022	1,054	1,057
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	−155	−167	−213	−397	−513	−527
Treasury stock	–	–	–	–	–	–
Other equity	0	0	0	−2.0	−25.5	−48.9
Total equity	725	710	732	623	515	481
Total liabilities & shareholders' equity	2,360	2,153	2,197	2,165	6,532	6,946

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Teekay Corp Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	352	402	517	210	−277	91.0
Depreciation, depletion & amortization	86.6	93.6	97.6	99.0	106	261
Deferred taxes	–	–	–	–	–	–
Non-cash items	−117	−39.2	12.1	22.8	313	239
Changes in working capital	−19.6	11.2	6.3	−132	−63.4	393
Cash from operations	302	467	633	199	78.1	984
Investing activities
Capital expenditures	−193	−75.3	−10.2	−15.4	−21.4	−26.5
Other investing cash flows	274	233	64.9	324	28.6	89.6
Cash from investing	80.4	157	54.7	309	7.2	63.1
Financing activities
Financing cash flow items	−52.7	−78.7	−44.5	0	−243	−80.6
Cash dividends paid	−85.3	−85.0	–	–	0	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	8.2	−253	−480	−457	17.4	−1,017
Cash from financing	−130	−416	−524	−457	−226	−1,098
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	252	208	164	51.2	−140	−50.4
Free cash flow	109	392	623	184	56.7	958

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.