Teekay Tankers (TNK) Tax Rate (2019 - 2025)
Teekay Tankers (TNK) recorded Tax Rate of -2.20% in Q2 2026, down 2.89 percentage points from 0.69% a year earlier but up 0.34 percentage points from the prior quarter.
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Analysis
Teekay Tankers (TNK) Tax Rate (2019 - 2025) Analysis & Trends
On a TTM basis, Teekay Tankers' Tax Rate came in at -1.01% as of Jun 30, 2026, down 1.52 percentage points year-over-year; for FY2025, it was 1.13%, up 1.23 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +8.83 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at -0.10% in FY2024 (+2.26 pp), -2.36% in FY2023 (-1.42 pp), -0.94% in FY2022 (-0.15 pp) and -0.79% in FY2021 (+6.91 pp).
- Quarterly Tax Rate has ranged from -5.55% in Q1 2022 to 3.21% in Q3 2023 over the past five years.
- On a year-over-year basis, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -0.15 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 5.04 percentage points in Q3 2023, against a drop of 34.34 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -2.54% (Q1 2026), 0.58% (Q4 2025) and 2.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.58 Bn | 164.83 Bn | - | 23.84% |
| 2 | Csx | 93.94 Bn | 89.16 Bn | - | 23.99% |
| 3 | United Parcel Service | 85.27 Bn | 62.17 Bn | - | 20.63% |
| 4 | Canadian Pacific Kansas City | 79.10 Bn | 78.12 Bn | - | 24.65% |
| 5 | Norfolk Southern | 74.08 Bn | 68.54 Bn | - | 23.10% |
| 6 | Fedex | 70.71 Bn | 36.66 Bn | - | 24.21% |
| 7 | Delta Air Lines | 50.08 Bn | 32.26 Bn | - | 29.61% |
| 8 | Old Dominion Freight Line | 38.31 Bn | 37.57 Bn | - | 25.00% |
| 9 | United Airlines Holdings | 31.88 Bn | -25.82 Bn | - | 21.51% |
| 10 | Teekay Tankers | 3.38 Bn | -456.18 Mn | 302.17 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Mar 31, 2024 | 1.95% |
| Sep 30, 2023 | 3.21% |
| Jun 30, 2022 | 2.96% |
| Dec 31, 2019 | 18.60% |
API Access
Teekay Tankers Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TNK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TNK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TNK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();