Teekay (TK) Gross Margin (2009 - 2024)
Teekay's (TK) quarterly Gross Margin came in at 63.0% in Q4 2024, down 197.0% YoY from 64.95% in Q1 2024, and down 3.86% on a QoQ basis from 65.53% in Q3 2024.
Teekay (TK) Gross Margin (2009 - 2024) Analysis & Trends
Teekay (TK) has 16 years of Gross Margin data on file, last reported at 63.0% in 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 slipped to 63.0% in Q4 2024, from 65.53% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.14% in Q2 2020 to a low of 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 tumbled 3724 bps — and 2023, when it surged 1811 bps.
- Tracing TK's Gross Margin over 5 years: stood at 68.87% in 2020, then fell by 26 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 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | - |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 95.91% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 23.30% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 82.28% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 92.34% |
| 10 | Teekay | 1.13 Bn | -291.49 Mn | - | - |
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% |