Teekay Tankers (TNK) Gross Margin (2009 - 2026)
Teekay Tankers' (TNK) quarterly Gross Margin came in at 78.6% in Q1 2026, up 501.0% year-on-year from 13.08% in Q1 2025, and up 1.5% on a QoQ basis from 77.44% in Q4 2025.
Teekay Tankers (TNK) Gross Margin (2009 - 2026) Analysis & Trends
Teekay Tankers (TNK) has 18 years of Gross Margin data on file, last reported at 78.6% in Q1 2026.
- On a quarterly basis, Gross Margin rose 501.0% year-over-year to 78.6% in Q1 2026; TTM through Mar 2026 was 76.05%, a 22.0% decrease from a year earlier, with the FY2025 full-year figure at 66.66%, down 36.0% from the prior year.
- Gross Margin for Q1 2026 stood at 78.6%, up from 77.44% in the prior quarter.
- Over the last five years, Gross Margin for TNK reached as high as 90.33% in Q1 2023 and fell as low as 73.35% in Q3 2025.
- Historically, Gross Margin has averaged 81.04% across 5 years, with a median of 79.97% in 2024.
- Across the five-year window, Gross Margin surged 2086 bps in 2022 and slumped 1156 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 90.14% in 2022, then declined by 10 bps to 81.45% in 2023, then retreated by 8 bps to 74.56% in 2024, then increased by 4 bps to 77.44% in 2025, then gained by 1 bps to 78.6% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 78.6% in Q1 2026, 77.44% in Q4 2025, and 73.35% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Teekay Tankers | 20.90 Bn | -14.02 Bn | 224.88 Mn | 78.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.60% |
| Dec 31, 2025 | 77.44% |
| Sep 30, 2025 | 73.35% |
| Jun 30, 2025 | 74.02% |
| Mar 31, 2025 | 73.59% |
| Dec 31, 2024 | 74.56% |
| Sep 30, 2024 | 75.72% |
| Jun 30, 2024 | 79.97% |
| Mar 31, 2024 | 82.89% |
| Dec 31, 2023 | 81.45% |
| Sep 30, 2023 | 87.28% |
| Jun 30, 2023 | 89.80% |
| Mar 31, 2023 | 90.33% |
| Dec 31, 2022 | 90.14% |
| Sep 30, 2022 | 87.12% |
| Jun 30, 2022 | 83.80% |
| Mar 31, 2022 | 77.59% |
| Dec 31, 2021 | 74.99% |
| Sep 30, 2021 | 66.26% |
| Jun 30, 2021 | 65.06% |