Teekay (TK) Gross Margin (2009 - 2024)
Teekay (TK) reported Gross Margin of 63.0% for Q4 2024, down 197.0% on a YoY basis from 64.95% in Q1 2024, and down 3.86% quarter-over-quarter from 65.53% in Q3 2024.
Teekay (TK) Gross Margin (2009 - 2024) Analysis & Trends
Teekay has reported Gross Margin for 16 years, with the latest figure at 63.0% in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin fell 197.0% year-over-year to 63.0%; the trailing twelve-month figure through Dec 2024 stood at 66.77% (down 85.0% YoY), and the FY2025 full-year result was 66.58%, down 19.0% from the prior year.
- Gross Margin for Q4 2024 stood at 63.0%, down from 65.53% in the prior quarter.
- The five-year high for Gross Margin was 86.14% in Q2 2020, with the low at 47.19% in Q3 2021.
- Historically, Gross Margin has averaged 65.48% across 5 years, with a median of 65.25% in 2023.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 3724 bps — and 2023, when it surged 1811 bps.
- Teekay's Gross Margin stood at 82.21% in 2020, then plunged by 38 bps to 51.16% in 2021, then increased by 30 bps to 66.46% in 2022, then declined by 2 bps to 64.97% in 2023, then declined by 3 bps to 63.0% in 2024.
- The last three Gross Margin figures came in at 63.0% (Q4 2024), 65.53% (Q3 2024), and 69.31% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | Teekay | 1.02 Bn | 1.48 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 63.00% |
| Sep 30, 2024 | 65.53% |
| Jun 30, 2024 | 69.31% |
| Mar 31, 2024 | 68.08% |
| Dec 31, 2023 | 64.97% |
| Sep 30, 2023 | 63.66% |
| Jun 30, 2023 | 70.14% |
| Mar 31, 2023 | 70.34% |
| Dec 31, 2022 | 66.46% |
| Sep 30, 2022 | 55.47% |
| Jun 30, 2022 | 54.78% |
| Mar 31, 2022 | 52.23% |
| Dec 31, 2021 | 51.16% |
| Sep 30, 2021 | 47.19% |
| Jun 30, 2021 | 53.16% |
| Mar 31, 2021 | 62.58% |
| Dec 31, 2020 | 82.21% |
| Sep 30, 2020 | 84.43% |
| Jun 30, 2020 | 86.14% |
| Mar 31, 2020 | 78.82% |