(TK) Revenue & Revenue Breakdown


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Revenue Highlights


Latest Revenue (Y)

$1.46B

Latest Revenue (Q)

$272.62M

Main Segment (Y)

Voyage charters

Revenue by Period


Revenue by Year

DateRevenueChange
2023-12-31$1.46B23.09%
2022-12-31$1.19B74.38%
2021-12-31$682.51M-62.41%
2020-12-31$1.82B-5.55%
2019-12-31$1.92B12.57%
2018-12-31$1.71B-9.18%
2017-12-31$1.88B-19.25%
2016-12-31$2.33B-4.97%
2015-12-31$2.45B22.89%
2014-12-31$1.99B8.95%
2013-12-31$1.83B-6.45%
2012-12-31$1.96B0.13%
2011-12-31$1.95B-5.56%
2010-12-31$2.07B-4.53%
2009-12-31$2.17B-

generated $1.46B in revenue during NA 2023, up 23.09% compared to the previous quarter, and up 85.78% compared to the same period a year ago.

Revenue by Quarter

DateRevenueChange
2024-09-30$272.62M-16.41%
2024-06-30$326.14M-10.66%
2024-03-31$365.05M7.62%
2023-12-31$339.19M8.83%
2023-09-30$311.68M-21.17%
2023-06-30$395.40M-5.57%
2023-03-31$418.70M6.41%
2022-12-31$393.48M29.78%
2022-09-30$303.20M7.98%
2022-06-30$280.79M32.00%
2022-03-31$212.72M8.26%
2021-12-31$196.49M-38.66%
2021-09-30$320.35M-1.58%
2021-06-30$325.48M-9.36%
2021-03-31$359.08M-0.89%
2020-12-31$362.30M-8.63%
2020-09-30$396.52M-17.87%
2020-06-30$482.81M-15.90%
2020-03-31$574.05M1.99%
2019-12-31$562.87M33.79%
2019-09-30$420.70M-8.08%
2019-06-30$457.67M-4.89%
2019-03-31$481.21M-2.10%
2018-12-31$491.53M18.00%
2018-09-30$416.56M2.69%
2018-06-30$405.64M2.95%
2018-03-31$394.02M20.61%
2017-12-31$326.69M-34.76%
2017-09-30$500.78M-2.56%
2017-06-30$513.92M-5.44%
2017-03-31$543.50M-1.58%
2016-12-31$552.20M0.83%
2016-09-30$547.64M-6.80%
2016-06-30$587.62M-8.34%
2016-03-31$641.11M-8.43%
2015-12-31$700.11M14.47%
2015-09-30$611.62M3.17%
2015-06-30$592.80M8.60%
2015-03-31$545.86M0.16%
2014-12-31$544.99M11.18%
2014-09-30$490.18M8.39%
2014-06-30$452.25M-10.71%
2014-03-31$506.49M2.62%
2013-12-31$493.55M8.52%
2013-09-30$454.80M5.59%
2013-06-30$430.71M-4.51%
2013-03-31$451.04M-12.46%
2012-12-31$515.22M11.15%
2012-09-30$463.54M-3.81%
2012-06-30$481.91M-2.76%
2012-03-31$495.56M-3.35%
2011-12-31$512.73M9.53%
2011-09-30$468.11M-3.47%
2011-06-30$484.92M-0.64%
2011-03-31$488.02M-1.86%
2010-12-31$497.28M7.61%
2010-09-30$462.12M-15.20%
2010-06-30$544.95M-3.47%
2010-03-31$564.54M8.01%
2009-12-31$522.66M-

generated $272.62M in revenue during Q3 2024, up -16.41% compared to the previous quarter, and up 68.95% compared to the same period a year ago.

Revenue Breakdown


Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Time charters$31.15M$14.74M$48.38M$688.16M$579.93M
Management fees and other$112.34M$109.12M$100.34M$238.07M$218.30M
Voyage charters$1.32B$1.04B$485.90M$780.49M$917.95M
Fpso-$27.06M$47.90M$108.95M$210.82M
Non-lease revenue---$259.24M$240.00M
Non-lease Component---$21.16M-
Bareboat charters----$18.39M

's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage charters (90.21%), Management fees and other (7.67%), and Time charters (2.13%).

Quarterly Revenue by Product

Product/ServiceDec 21Sep 21Jun 21Dec 20Sep 20Jun 20Dec 19Sep 19Jun 19Dec 18Sep 18
Fpso$23.57M$12.03M$12.29M$64.21M$15.95M$28.79M$108.43M$44.56M$57.83M$190.15M$71.58M
Management fees and other$3.17M$50.96M$46.21M$175.93M$62.14M$218.15M$150.00K$157.50M$52.30M--
Time charters-$140.55M$142.66M$330.99M$182.33M$174.84M$298.30M$138.53M$143.10M$395.64M$126.13M
Voyage charters$244.76M$116.82M$124.32M$426.38M$135.80M$218.31M$538.41M$183.88M$195.66M$529.36M$160.55M
Lease revenue-$263.41M$273.81M$329.00M$416.94M$1.73B$367.89M$397.01M---
Non Lease Component-$5.99M$5.46M$5.37M-------
Non-lease and management fee revenue-$56.95M$51.67M$67.51M-------
Bareboat charters----$293.00K$6.06M$6.20M$6.13M$18.55M$6.00M-
Non-lease---------$172.16M$56.20M
Non-lease revenue---------$14.66M$3.90M
Voyage charters - towage-----------

's latest quarterly revenue breakdown by segment (product or service), as of Dec 21: Voyage charters (90.15%), Fpso (8.68%), and Management fees and other (1.17%).

Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FROFrontline$1.80B$578.40M
TKTeekay$1.46B$272.62M
TNKTeekay Tankers$1.36B$338.34M
STNGScorpio Tankers$1.34B$391.34M
INSWInternational Seaways$1.07B$225.19M
DHTDHT$556.08M$145.88M

TK Revenue FAQ


What is ’s yearly revenue?

's yearly revenue for 2023 was $1.46B, representing an increase of 23.09% compared to 2022. The company's yearly revenue for 2022 was $1.19B, representing an increase of 74.38% compared to 2021. TK's yearly revenue for 2021 was $682.51M, representing a decrease of -62.41% compared to 2020.

What is ’s quarterly revenue?

's quarterly revenue for Q3 2024 was $272.62M, a -16.41% decrease from the previous quarter (Q2 2024), and a -12.53% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $326.14M, a -10.66% decrease from the previous quarter (Q1 2024), and a -17.52% decrease year-over-year (Q2 2023). TK's quarterly revenue for Q1 2024 was $365.05M, a 7.62% increase from the previous quarter (Q4 2023), and a -12.81% decrease year-over-year (Q1 2023).

What is ’s revenue growth rate?

's revenue growth rate for the last 3 years (2021-2023) was 114.65%, and for the last 5 years (2019-2023) was -23.80%.

What are ’s revenue streams?

's revenue streams in c 23 are Time charters, Management fees and other, and Voyage charters. Time charters generated $31.15M in revenue, accounting 2.13% of the company's total revenue, up 111.35% year-over-year. Management fees and other generated $112.34M in revenue, accounting 7.67% of the company's total revenue, up 2.95% year-over-year. Voyage charters generated $1.32B in revenue, accounting 90.21% of the company's total revenue, up 27.16% year-over-year.

What is ’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of was Voyage charters. This segment made a revenue of $1.32B, representing 90.21% of the company's total revenue.