Teekay (TK) Operating Expenses (2009 - 2024)
Teekay's (TK) quarterly Operating Expenses came in at -$29.5 million in Q4 2024, up 7.73% on a YoY basis from -$27.4 million in Q1 2024, and up 22.5% quarter-over-quarter from -$38.0 million in Q3 2024.
Analysis
Teekay (TK) Operating Expenses (2009 - 2024) Analysis & Trends
Teekay (TK) has reported Operating Expenses for 16 consecutive years, with -$29.5 million the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Operating Expenses rose 7.73% year-over-year to -$29.5 million; the trailing twelve-month figure through Dec 2024 stood at -$141.5 million (down 8.75% YoY), and the FY2025 full-year result was $238.9 million, down 5.44% from the prior year.
- Operating Expenses rose to -$29.5 million in Q4 2024 per TK's latest filing, from -$38.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $153.8 million in Q3 2020 and bottomed at -$85.8 million in Q4 2021.
- Historically, Operating Expenses has averaged -$748700.0 across 5 years, with a median of -$29.6 million in 2023.
- The sharpest annual moves came in 2020 and 2022: Operating Expenses slumped 263.1% in 2020, then surged 70.25% in 2022.
- Over 5 years, Operating Expenses stood at -$43.3 million in 2020, then tumbled by 98.06% to -$85.8 million in 2021, then soared by 70.25% to -$25.5 million in 2022, then declined by 25.19% to -$31.9 million in 2023, then gained by 7.73% to -$29.5 million in 2024.
- According to Business Quant data, Operating Expenses over the past three periods registered -$29.5 million, -$38.0 million, and -$37.7 million for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -10.41 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 202.38 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -72.60 Mn |
| 10 | Teekay | 1.17 Bn | 2.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -29.48 Mn |
| Sep 30, 2024 | -38.04 Mn |
| Jun 30, 2024 | -37.66 Mn |
| Mar 31, 2024 | -36.31 Mn |
| Dec 31, 2023 | -31.95 Mn |
| Sep 30, 2023 | -33.20 Mn |
| Jun 30, 2023 | -35.18 Mn |
| Mar 31, 2023 | -29.78 Mn |
| Dec 31, 2022 | -25.52 Mn |
| Sep 30, 2022 | -22.10 Mn |
| Jun 30, 2022 | -22.66 Mn |
| Mar 31, 2022 | -26.23 Mn |
| Dec 31, 2021 | -85.76 Mn |
| Sep 30, 2021 | 122.36 Mn |
| Jun 30, 2021 | 130.57 Mn |
| Mar 31, 2021 | -24.58 Mn |
| Dec 31, 2020 | -43.30 Mn |
| Sep 30, 2020 | 153.76 Mn |
| Jun 30, 2020 | 147.80 Mn |
| Mar 31, 2020 | -47.72 Mn |