Teekay (TK) Operating Margin (2009 - 2026)
Teekay's (TK) quarterly Operating Margin came in at 42.55% in Q4 2025, up 1514.0% YoY from 2.64% in Q4 2024, and up 87.61% on a QoQ basis from 22.68% in Q2 2025.
Teekay (TK) Operating Margin (2009 - 2026) Analysis & Trends
Teekay (TK) has 17 years of Operating Margin data on file, last reported at 42.55% in Q4 2025.
- Quarterly Operating Margin rose 1514.0% year-over-year to 42.55% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 27.95% (down 198.0% YoY) and the FY2025 annual result came in at 31.89%, up 196.0% from the prior year.
- Operating Margin improved to 42.55% in Q4 2025, from 22.68% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 42.95% in Q1 2023 to a low of 63.74% in Q2 2021.
- A 5-year average of 15.35% and a median of 26.74% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2021 — Operating Margin sank 9449 bps — and 2022, when it soared 7328 bps.
- Tracing TK's Operating Margin over 5 years: stood at 13.79% in 2021, then surged by 373 bps to 37.65% in 2022, then declined by 12 bps to 33.3% in 2023, then slipped by 18 bps to 27.41% in 2024, then surged by 55 bps to 42.55% in 2025.
- The last three Operating Margin figures came in at 42.55% (Q4 2025), 22.68% (Q2 2025), and 27.41% (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 29.84% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 13.22% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 41.61% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 74.84% |
| 10 | Teekay | 1.13 Bn | -291.49 Mn | - | 58.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 58.24% |
| Dec 31, 2025 | 42.55% |
| Jun 30, 2025 | 22.68% |
| Dec 31, 2024 | 27.41% |
| Sep 30, 2024 | 19.14% |
| Jun 30, 2024 | 31.35% |
| Mar 31, 2024 | 38.48% |
| Dec 31, 2023 | 33.30% |
| Sep 30, 2023 | 26.07% |
| Jun 30, 2023 | 39.88% |
| Mar 31, 2023 | 42.95% |
| Dec 31, 2022 | 37.65% |
| Sep 30, 2022 | 27.50% |
| Jun 30, 2022 | 9.54% |
| Mar 31, 2022 | -5.91% |
| Dec 31, 2021 | -13.79% |
| Sep 30, 2021 | -30.70% |
| Jun 30, 2021 | -63.74% |
| Mar 31, 2021 | -8.17% |
| Dec 31, 2020 | -23.28% |