Teekay (TK) Gross Margin (2009 - 2024)
Teekay (TK) posted Gross Margin of 63.0% for Q4 2024, down 3.86% on a QoQ basis from 65.53% in Q3 2024, and down 197.0% year-over-year from 64.95% in Q1 2024.
Teekay (TK) Gross Margin (2009 - 2024) Analysis & Trends
Teekay's Gross Margin history runs 16 years deep, the most recent figure standing at 63.0% for Q4 2024.
- Quarterly Gross Margin fell 197.0% year-over-year to 63.0% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 66.77% (down 85.0% YoY) and the FY2025 annual result came in at 66.58%, down 19.0% from the prior year.
- Gross Margin was 63.0% for Q4 2024 at Teekay, down from 65.53% in the prior quarter.
- Across five years, Gross Margin topped out at 86.14% in Q2 2020 and bottomed at 47.19% in Q3 2021.
- A 5-year average of 64.81% and a median of 65.25% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin slumped 3724 bps — and 2023, when it surged 1811 bps.
- Teekay's Gross Margin stood at 68.87% in 2020, then decreased by 26 bps to 51.16% in 2021, then gained by 30 bps to 66.46% in 2022, then retreated by 2 bps to 64.97% in 2023, then retreated by 3 bps to 63.0% in 2024.
- Business Quant data shows TK's Gross Margin at 63.0% in Q4 2024, 65.53% in Q3 2024, and 69.31% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Teekay | 962.12 Mn | 1.43 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 | 68.87% |
| Sep 30, 2020 | 84.43% |
| Jun 30, 2020 | 86.14% |
| Mar 31, 2020 | 78.82% |