Teekay (TK) Tax Rate (2009 - 2024)
Teekay's (TK) quarterly Tax Rate came in at 1.23% in Q4 2024, up 343.0% YoY from 0.28% in Q1 2024, and up 269.03% on a QoQ basis from 0.73% in Q3 2024.
Teekay (TK) Tax Rate (2009 - 2024) Analysis & Trends
Teekay (TK) has 16 years of Tax Rate data on file, last reported at 1.23% in 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 climbed to 1.23% in Q4 2024, from 0.73% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 15.86% in Q2 2020 to a low of 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.
- The widest YoY moves for Tax Rate: up 1161 bps in 2020, down 1782 bps in 2020.
- Tracing TK's Tax Rate over 5 years: stood at 11.92% in 2020, then sank by 122 bps to 2.61% in 2021, then soared by 70 bps to 0.77% in 2022, then sank by 184 bps to 2.19% in 2023, then soared by 156 bps to 1.23% in 2024.
- The last three Tax Rate figures came in at 1.23% (Q4 2024), 0.73% (Q3 2024), and 3.32% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 5.85% |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 23.62% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 0.18% |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 9.13% |
| 10 | Teekay | 1.12 Bn | -295.43 Mn | - | - |
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% |