Teekay (TK) Gross Margin (2009 - 2024)
Teekay's (TK) quarterly Gross Margin came in at 75.11% in Q4 2024, down 685.0% on a YoY basis from 12.84% in Q1 2024, and down 1.39% quarter-over-quarter from 76.17% in Q3 2024.
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Teekay (TK) Gross Margin (2009 - 2024) Analysis & Trends
Teekay (TK) has reported Gross Margin for 16 consecutive years, with 75.11% the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin fell 685.0% year-over-year to 75.11%; the trailing twelve-month figure through Dec 2024 stood at 79.3% (down 421.0% YoY), and the FY2025 full-year result was 74.84%, down 446.0% from the prior year.
- Gross Margin fell to 75.11% in Q4 2024 per TK's latest filing, from 76.17% in the prior quarter.
- Across five years, Gross Margin topped out at 85.45% in Q1 2023 and bottomed at 49.46% in Q4 2020.
- Historically, Gross Margin has averaged 71.42% across 5 years, with a median of 74.2% in 2024.
- The sharpest annual moves came in 2020 and 2022: Gross Margin tumbled 2157 bps in 2020, then soared 2549 bps in 2022.
- Over 5 years, Gross Margin stood at 49.46% in 2020, then rose by 27 bps to 62.86% in 2021, then surged by 33 bps to 83.9% in 2022, then retreated by 2 bps to 81.96% in 2023, then decreased by 8 bps to 75.11% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 75.11%, 76.17%, and 80.45% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 84.14% |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 83.88% |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 98.37% |
| 10 | Teekay | 1.17 Bn | 2.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 75.11% |
| Sep 30, 2024 | 76.17% |
| Jun 30, 2024 | 80.45% |
| Mar 31, 2024 | 83.56% |
| Dec 31, 2023 | 81.96% |
| Sep 30, 2023 | 80.95% |
| Jun 30, 2023 | 84.80% |
| Mar 31, 2023 | 85.45% |
| Dec 31, 2022 | 83.90% |
| Sep 30, 2022 | 80.35% |
| Jun 30, 2022 | 71.41% |
| Mar 31, 2022 | 66.18% |
| Dec 31, 2021 | 62.86% |
| Sep 30, 2021 | 54.86% |
| Jun 30, 2021 | 49.66% |
| Mar 31, 2021 | 57.43% |
| Dec 31, 2020 | 49.46% |
| Sep 30, 2020 | 61.22% |
| Jun 30, 2020 | 69.39% |
| Mar 31, 2020 | 73.30% |