Teekay Corporation
Teekay Corporation Ltd. provides crude oil marine transportation and other marine services worldwide. The company operates in two segments, Tankers and Marine Services. It owns and operates crude oil and refined product tankers. The company also offers ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services. As of March 1, 20… Read more
Teekay Corporation (TK) - Net Assets
Latest net assets as of June 2025: $1.96 Billion USD
Based on the latest financial reports, Teekay Corporation (TK) has net assets worth $1.96 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.25 Billion) and total liabilities ($299.58 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.96 Billion |
| % of Total Assets | 86.71% |
| Annual Growth Rate | 5.07% |
| 5-Year Change | -21.69% |
| 10-Year Change | -47.71% |
| Growth Volatility | 17.36 |
Teekay Corporation - Net Assets Trend (1994–2024)
This chart illustrates how Teekay Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Teekay Corporation (1994–2024)
The table below shows the annual net assets of Teekay Corporation from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.94 Billion | +7.49% |
| 2023-12-31 | $1.80 Billion | +31.45% |
| 2022-12-31 | $1.37 Billion | -43.70% |
| 2021-12-31 | $2.43 Billion | -1.57% |
| 2020-12-31 | $2.47 Billion | -3.90% |
| 2019-12-31 | $2.57 Billion | -10.30% |
| 2018-12-31 | $2.87 Billion | -0.44% |
| 2017-12-31 | $2.88 Billion | -29.58% |
| 2016-12-31 | $4.09 Billion | +10.49% |
| 2015-12-31 | $3.70 Billion | +9.22% |
| 2014-12-31 | $3.39 Billion | +5.79% |
| 2013-12-31 | $3.20 Billion | +0.36% |
| 2012-12-31 | $3.19 Billion | -3.40% |
| 2011-12-31 | $3.30 Billion | -2.07% |
| 2010-12-31 | $3.37 Billion | +8.98% |
| 2009-12-31 | $3.10 Billion | +16.71% |
| 2008-12-31 | $2.65 Billion | -17.12% |
| 2007-12-31 | $3.20 Billion | +7.30% |
| 2006-12-31 | $2.98 Billion | +18.39% |
| 2005-12-31 | $2.52 Billion | +11.87% |
| 2004-12-31 | $2.25 Billion | +35.09% |
| 2003-12-31 | $1.67 Billion | +15.60% |
| 2002-12-31 | $1.44 Billion | +1.77% |
| 2001-12-31 | $1.42 Billion | +28.47% |
| 2000-12-31 | $1.10 Billion | +32.24% |
| 1999-12-31 | $834.17 Million | +7.30% |
| 1998-12-31 | $777.40 Million | +12.76% |
| 1997-12-31 | $689.46 Million | +9.47% |
| 1996-12-31 | $629.80 Million | +5.07% |
| 1995-12-31 | $599.40 Million | +36.51% |
| 1994-12-31 | $439.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Teekay Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 141.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $876.63 Million | 123.51% |
| Total Equity | $709.76 Million | 100.00% |
Teekay Corporation Competitors by Market Cap
The table below lists competitors of Teekay Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Astor Enerji AS
IS:ASTOR
|
$550.72 Million |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
$550.76 Million |
|
Ugreen Group Limited
SHE:301606
|
$550.93 Million |
|
Willfar Information Technology Co Ltd
SHG:688100
|
$550.94 Million |
|
China Animal Husbandry Industry Co Ltd
SHG:600195
|
$550.49 Million |
|
Sunac Services Holdings Limited
PINK:SSHLY
|
$550.43 Million |
|
Sweetgreen Inc
NYSE:SG
|
$550.36 Million |
|
Lendingtree Inc
NASDAQ:TREE
|
$550.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Teekay Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 732,278,000 to 709,763,000, a change of -22,515,000 (-3.1%).
- Net income of 133,770,000 contributed positively to equity growth.
- Dividend payments of 85,018,000 reduced retained earnings.
- Share repurchases of 116,295,000 reduced equity.
- Other factors increased equity by 45,028,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $133.77 Million | +18.85% |
| Dividends Paid | $85.02 Million | -11.98% |
| Share Repurchases | $116.30 Million | -16.39% |
| Other Changes | $45.03 Million | +6.34% |
| Total Change | $- | -3.07% |
Book Value vs Market Value Analysis
This analysis compares Teekay Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.85x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $6.10 | $11.28 | x |
| 1995-12-31 | $8.33 | $11.28 | x |
| 1996-12-31 | $12.66 | $11.28 | x |
| 1997-12-31 | $12.14 | $11.28 | x |
| 1998-12-31 | $13.45 | $11.28 | x |
| 1999-12-31 | $11.43 | $11.28 | x |
| 2000-12-31 | $13.95 | $11.28 | x |
| 2001-12-31 | $17.27 | $11.28 | x |
| 2002-12-31 | $17.66 | $11.28 | x |
| 2003-12-31 | $20.28 | $11.28 | x |
| 2004-12-31 | $25.50 | $11.28 | x |
| 2005-12-31 | $26.77 | $11.28 | x |
| 2006-12-31 | $33.65 | $11.28 | x |
| 2007-12-31 | $35.54 | $11.28 | x |
| 2008-12-31 | $28.53 | $11.28 | x |
| 2009-12-31 | $30.47 | $11.28 | x |
| 2010-12-31 | $27.15 | $11.28 | x |
| 2011-12-31 | $20.36 | $11.28 | x |
| 2012-12-31 | $18.99 | $11.28 | x |
| 2013-12-31 | $16.06 | $11.28 | x |
| 2014-12-31 | $15.24 | $11.28 | x |
| 2015-12-31 | $12.56 | $11.28 | x |
| 2016-12-31 | $11.35 | $11.28 | x |
| 2017-12-31 | $9.00 | $11.28 | x |
| 2018-12-31 | $8.12 | $11.28 | x |
| 2019-12-31 | $4.78 | $11.28 | x |
| 2020-12-31 | $4.76 | $11.28 | x |
| 2021-12-31 | $5.04 | $11.28 | x |
| 2022-12-31 | $6.11 | $11.28 | x |
| 2023-12-31 | $7.58 | $11.28 | x |
| 2024-12-31 | $7.61 | $11.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Teekay Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.96%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.03x
- Recent ROE (18.85%) is above the historical average (0.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 1.46% | 2.00% | 0.24x | 2.98x | $-37.51 Million |
| 1995 | 4.85% | 11.84% | 0.18x | 2.26x | $-30.84 Million |
| 1996 | 6.76% | 11.15% | 0.28x | 2.18x | $-20.38 Million |
| 1997 | 10.23% | 17.36% | 0.28x | 2.12x | $1.56 Million |
| 1998 | 5.84% | 11.18% | 0.28x | 1.87x | $-32.34 Million |
| 1999 | -2.35% | -7.89% | 0.13x | 2.38x | $-102.80 Million |
| 2000 | 24.58% | 30.23% | 0.45x | 1.80x | $160.17 Million |
| 2001 | 24.07% | 32.39% | 0.42x | 1.76x | $196.70 Million |
| 2002 | 3.75% | 6.82% | 0.29x | 1.92x | $-88.80 Million |
| 2003 | 10.74% | 11.25% | 0.44x | 2.17x | $12.18 Million |
| 2004 | 33.85% | 34.13% | 0.40x | 2.46x | $533.70 Million |
| 2005 | 25.53% | 29.21% | 0.37x | 2.37x | $347.25 Million |
| 2006 | 10.37% | 13.03% | 0.26x | 3.05x | $9.42 Million |
| 2007 | 6.82% | 7.53% | 0.23x | 3.92x | $-84.34 Million |
| 2008 | -22.70% | -14.54% | 0.32x | 4.94x | $-676.30 Million |
| 2009 | 5.77% | 5.89% | 0.23x | 4.28x | $-94.20 Million |
| 2010 | -13.51% | -12.75% | 0.21x | 5.01x | $-465.13 Million |
| 2011 | -25.08% | -18.15% | 0.18x | 7.79x | $-501.59 Million |
| 2012 | -12.18% | -8.09% | 0.18x | 8.36x | $-291.72 Million |
| 2013 | -10.14% | -6.27% | 0.16x | 10.21x | $-227.92 Million |
| 2014 | -4.99% | -2.75% | 0.17x | 10.73x | $-164.59 Million |
| 2015 | 8.94% | 3.35% | 0.19x | 14.21x | $-9.75 Million |
| 2016 | -13.70% | -5.29% | 0.18x | 14.25x | $-213.12 Million |
| 2017 | -21.01% | -8.68% | 0.23x | 10.41x | $-241.00 Million |
| 2018 | -9.79% | -4.64% | 0.20x | 10.37x | $-160.14 Million |
| 2019 | -64.45% | -16.16% | 0.24x | 16.77x | $-358.76 Million |
| 2020 | -17.23% | -4.57% | 0.26x | 14.43x | $-131.07 Million |
| 2021 | 1.52% | 1.14% | 0.10x | 12.68x | $-43.70 Million |
| 2022 | 12.58% | 6.59% | 0.55x | 3.47x | $16.06 Million |
| 2023 | 20.57% | 10.28% | 0.67x | 3.00x | $77.41 Million |
| 2024 | 18.85% | 10.96% | 0.57x | 3.03x | $62.79 Million |
Industry Comparison
This section compares Teekay Corporation's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Teekay Corporation (TK) | $1.96 Billion | 1.46% | 0.15x | $550.57 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |