Teekay (TK) Tax Rate (2009 - 2024)
Teekay (TK) reported Tax Rate of 1.23% for Q4 2024, up 343.0% on a YoY basis from 0.28% in Q1 2024, and up 269.03% quarter-over-quarter from 0.73% in Q3 2024.
Teekay (TK) Tax Rate (2009 - 2024) Analysis & Trends
Teekay has reported Tax Rate for 16 years, with the latest figure at 1.23% in Q4 2024.
- For the quarter ending Q4 2024, Tax Rate rose 343.0% year-over-year to 1.23%; the trailing twelve-month figure through Dec 2024 stood at 0.1% (up 220.0% YoY), and the FY2025 full-year result was 1.32%, down 142.0% from the prior year.
- Tax Rate for Q4 2024 stood at 1.23%, up from 0.73% in the prior quarter.
- The five-year high for Tax Rate was 12.86% in Q4 2020, with the low at 15.86% in Q2 2020.
- Historically, Tax Rate has averaged 1.11% across 5 years, with a median of 1.57% in 2023.
- The largest YoY upside for Tax Rate was 1572 bps in 2020 against a maximum downside of 2694 bps in 2020.
- Teekay's Tax Rate stood at 12.86% in 2020, then tumbled by 120 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 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | Teekay | 1.02 Bn | 1.48 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 1.23% |
| Dec 31, 2024 | 1.23% |
| Sep 30, 2024 | -0.73% |
| Sep 30, 2024 | -0.73% |
| Jun 30, 2024 | -3.32% |
| Jun 30, 2024 | -3.32% |
| Mar 31, 2024 | 1.96% |
| Mar 31, 2024 | 1.96% |
| Dec 31, 2023 | -2.19% |
| Dec 31, 2023 | -2.19% |
| Sep 30, 2023 | 2.57% |
| Sep 30, 2023 | 2.57% |
| Jun 30, 2023 | -5.77% |
| Jun 30, 2023 | -5.77% |
| Mar 31, 2023 | -1.51% |
| Mar 31, 2023 | -1.51% |
| Dec 31, 2022 | -0.77% |
| Dec 31, 2022 | -0.77% |
| Sep 30, 2022 | -1.84% |
| Sep 30, 2022 | -1.84% |