Teekay (TK) Tax Rate (2009 - 2024)
Teekay (TK) posted Tax Rate of 1.23% for Q4 2024, up 269.03% on a QoQ basis from 0.73% in Q3 2024, and up 343.0% year-over-year from 0.28% in Q1 2024.
Teekay (TK) Tax Rate (2009 - 2024) Analysis & Trends
Teekay's Tax Rate history runs 16 years deep, the most recent figure standing at 1.23% for Q4 2024.
- Quarterly Tax Rate rose 343.0% year-over-year to 1.23% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 0.1% (up 220.0% YoY) and the FY2025 annual result came in at 1.32%, down 142.0% from the prior year.
- Tax Rate was 1.23% for Q4 2024 at Teekay, up from 0.73% in the prior quarter.
- Across five years, Tax Rate topped out at 15.86% in Q2 2020 and bottomed at 6.8% in Q1 2020.
- A 5-year average of 0.73% and a median of 1.36% in 2023 frame the typical range for Tax Rate.
- Peak annual rise in Tax Rate reached 1161 bps in 2020, while the deepest fall reached 1782 bps in 2020.
- Teekay's Tax Rate stood at 11.92% in 2020, then tumbled by 122 bps to 2.61% in 2021, then surged by 70 bps to 0.77% in 2022, then tumbled by 184 bps to 2.19% in 2023, then surged by 156 bps to 1.23% in 2024.
- Business Quant data shows TK's Tax Rate at 1.23% in Q4 2024, 0.73% in Q3 2024, and 3.32% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | Teekay | 962.12 Mn | 1.43 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 1.23% |
| Dec 31, 2024 | 1.23% |
| Dec 31, 2024 | 1.23% |
| Sep 30, 2024 | -0.73% |
| Sep 30, 2024 | -0.73% |
| Sep 30, 2024 | -0.73% |
| Jun 30, 2024 | -3.32% |
| Jun 30, 2024 | -3.32% |
| Jun 30, 2024 | -3.32% |
| Mar 31, 2024 | 1.96% |
| Mar 31, 2024 | 1.96% |
| Mar 31, 2024 | 1.96% |
| Dec 31, 2023 | -2.19% |
| Dec 31, 2023 | -2.19% |
| Dec 31, 2023 | -2.19% |
| Sep 30, 2023 | 2.57% |
| Sep 30, 2023 | 2.57% |
| Sep 30, 2023 | 2.57% |
| Jun 30, 2023 | -5.77% |
| Jun 30, 2023 | -5.77% |