TNKTEEKAY TANKERS LTD.
Water Transportation
- Revenue
- $952M
- 23% YoY
- Operating margin
- 32.5%
- 5.0% YoY
- EBITDA
- $396M
- 16% YoY
- Market cap
- $8.4B
- Employees
- —
- Net debt / EBITDA
- -2.1×
- −$831M net debt
- AI in 10-K
- —
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo173% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo23% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 2.1× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$8.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $542M | $1.2B | $1.5B | $1.2B | $952M | 23% |
| Operating income | −$194M | $264M | $547M | $380M | $309M | 19% |
| Operating cash flow | −$107M | $200M | $631M | $472M | $306M | 35% |
| Capex | $21M | $0 | $0 | $71M | $190M | 170% |
| Dividends | $0 | $0 | $60M | $103M | $69M | 33% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 5
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.