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Teekay Tankers Ltd
NYSE:TNK

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Teekay Tankers Ltd
NYSE:TNK
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Price: 39.75 USD 1.69% Market Closed
Market Cap: 1.4B USD
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Gross Margin
Teekay Tankers Ltd

44.8%
Current
34%
Average
34.2%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
44.8%
=
Gross Profit
534m
/
Revenue
1.2B

Gross Margin Across Competitors

Country CA
Market Cap 1.4B USD
Gross Margin
45%
Country CA
Market Cap 130.9B CAD
Gross Margin
49%
Country US
Market Cap 68.3B USD
Gross Margin
20%
Country US
Market Cap 66.3B USD
Gross Margin
82%
Country US
Market Cap 67.1B USD
Gross Margin
24%
Country US
Market Cap 60.7B USD
Gross Margin
51%
Country US
Market Cap 59.4B USD
Gross Margin
39%
Country US
Market Cap 49.4B USD
Gross Margin
60%
Country CA
Market Cap 69.1B CAD
Gross Margin
68%
Country US
Market Cap 47.4B USD
Gross Margin
56%
Country US
Market Cap 39.5B USD
Gross Margin
34%
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Teekay Tankers Ltd
Glance View

Market Cap
1.4B USD
Industry
Energy

Teekay Tankers Ltd. operates as a unique player in the global maritime industry, focusing on the transportation of crude oil with a modern and versatile fleet of oil tankers. Established as a subsidiary of the larger Teekay Corporation, the company has carved out its niche by providing seaborne transportation services through its astutely managed fleet. It primarily operates Suezmax, Aframax, and Long Range 2 (LR2) tankers. These specialized vessels are engineered to carry large quantities of oil, adeptly navigating the world's oceans and delivering crucial energy resources to refineries and markets worldwide. This fleet composition allows Teekay Tankers to adjust quickly to fluctuations in demand and shipping routes, ensuring their operations remain robust across various economic cycles. Teekay Tankers generates its revenue primarily through time-charter and spot market contracts. In the time-charter model, Teekay leases its vessels to customers for predetermined periods, providing a steady and predictable revenue stream. Meanwhile, in the spot market, the company capitalizes on short-term opportunities by transporting oil on a voyage-by-voyage basis, potentially reaping higher rates when market conditions are favorable. This hybrid approach offers a balance of stability and flexibility, allowing Teekay Tankers to optimize its earnings in both stable and volatile market scenarios. By focusing on operational efficiency and strategic market positioning, Teekay Tankers not only ensures steady financial health but also fortifies its reputation as a reliable partner in the global oil supply chain.

TNK Intrinsic Value
110.47 USD
Undervaluation 64%
Intrinsic Value
Price
T

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
44.8%
=
Gross Profit
534m
/
Revenue
1.2B
What is the Gross Margin of Teekay Tankers Ltd?

Based on Teekay Tankers Ltd's most recent financial statements, the company has Gross Margin of 44.8%.