Teekay Tankers (TNK) Tax Rate (2019 - 2026)
Teekay Tankers' (TNK) quarterly Tax Rate came in at 2.2% in Q2 2026, down 289.0% year-over-year from 1.16% in Q2 2025, and up 13.42% quarter-over-quarter from 2.54% in Q1 2026.
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Analysis
Teekay Tankers (TNK) Tax Rate (2019 - 2026) Analysis & Trends
Teekay Tankers (TNK) has reported Tax Rate for 8 consecutive years, with 2.2% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate fell 289.0% year-over-year to 2.2% in Q2 2026; TTM through Jun 2026 was 1.01%, a 152.0% decrease from a year earlier, with the FY2025 full-year figure at 1.13%, up 123.0% from the prior year.
- Tax Rate was 2.2% for Q2 2026 at Teekay Tankers, up from 2.54% in the prior quarter.
- Over five years, Tax Rate peaked at 3.21% in Q3 2023 and troughed at 5.55% in Q1 2022.
- A 5-year average of 0.64% and a median of 0.67% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 830 bps in 2022 and soared 504 bps in 2023, its largest moves.
- Over 5 years, Tax Rate stood at 0.61% in 2022, then slumped by 259 bps to 2.2% in 2023, then jumped by 156 bps to 1.23% in 2024, then slumped by 53 bps to 0.58% in 2025, then tumbled by 481 bps to 2.2% in 2026.
- The last three Tax Rate figures came in at 2.2% (Q2 2026), 2.54% (Q1 2026), and 0.58% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | -0.08% |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 24.16% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 21.05% |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 0.00% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -0.51% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -0.27% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | - |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | - |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -0.24% |
| 10 | Teekay Tankers | 3.23 Bn | 3.23 Bn | 312.20 Mn | -2.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.20% |
| Mar 31, 2026 | -2.54% |
| Dec 31, 2025 | 0.58% |
| Sep 30, 2025 | 2.60% |
| Jun 30, 2025 | 0.69% |
| Mar 31, 2025 | 0.62% |
| Dec 31, 2024 | 1.23% |
| Sep 30, 2024 | -0.74% |
| Jun 30, 2024 | -3.30% |
| Mar 31, 2024 | 1.95% |
| Dec 31, 2023 | -2.20% |
| Sep 30, 2023 | 3.21% |
| Jun 30, 2023 | -5.10% |
| Mar 31, 2023 | -1.33% |
| Dec 31, 2022 | -0.61% |
| Sep 30, 2022 | -1.83% |
| Jun 30, 2022 | 2.96% |
| Mar 31, 2022 | -5.55% |
| Dec 31, 2021 | 0.74% |
| Sep 30, 2021 | -1.28% |