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TK on NYSE

TEEKAY CORP LTD

TEEKAY CORP LTD is a Deep Sea Foreign Transportation of Freight company based in Hamilton, Bermuda.2 Its shares trade on NYSE under the symbol TK.2

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Last updated Oct 21, 2026.

Overview

$949.5MRevenue, fiscal 20253
$98.1MNet income, fiscal 20253

Compare with CMB.TECH, Scorpio Tankers Inc. or Costamare, or pick any stock.

  • TickerTK on NYSE2
  • IndustryDeep Sea Foreign Transportation of Freight2
  • HeadquartersHamilton, Bermuda2
  • Incorporated inBermuda4
  • Business address2Nd Floor, Swan Building, 26 Victoria Street, Hamilton, D0 Hm 124
  • Filer categoryAccelerated filer4
  • Legal formExempted Companies Limited by Shares2
  • LEIYHKQM2RIPKZYOZ6RVZ462
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address2ND FLOOR, SWAN BUILDING, HM 12 Hamilton, Bermuda2
  • Registered withRegistrar of Companies (Ministry of Economic Development), 2024038262

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Teekay Corporation Ltd. (or Teekay ) is a leading provider of international crude oil marine transportation and other marine services. Teekay currently provides these services through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK) (or Teekay Tankers ), one of the world’s leading owners and operators of mid-sized crude tankers.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.9%Operating margin3
10.3%Net margin3
-22.2%Revenue growth, 20253
4.5%Return on equity3
$111.5MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$317.4M
  • Other costs55¢$526.6M
  • Interest0¢$2.9M
  • Income tax0¢$4.6M
  • Profit10¢$98.1M

Out of $949.5M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending63¢$190.3M
  • Dividends paid28¢$85.3M
  • Share buybacks2¢$4.9M
  • Kept or used elsewhere7¢$21.3M

Out of $301.8M of cash from operations.3

Financial statements

Revenue6789103$949.5M in 2025−45% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.7B$1.7B20182019: $1.3B$1.3B2019−26%2020: $1.1B$1.1B2020−10%2021: $682.5M$682.5M2021−40%2022: $1.2B$1.2B2022+74%2023: $1.5B$1.5B2023+23%2024: $1.2B$1.2B2024−17%2025: $949.5M$949.5M2025−22%
Operating income6789103$302.8M in 2025+84% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $164.3M$164.3M20182019: -$109.2M-$109.2M20192020: $70.2M$70.2M20202021: -$185.4M-$185.4M20212022: $245.8M$245.8M20222023: $531.7M$531.7M2023+116%2024: $365.2M$365.2M2024−31%2025: $302.8M$302.8M2025−17%
Net income6789103$98.1M in 2025
-$400.0M-$200.0M0$200.0M2018: -$79.2M-$79.2M20182019: -$310.6M-$310.6M2019+292%2020: -$82.9M-$82.9M2020−73%2021: $7.8M$7.8M20212022: $78.4M$78.4M2022+904%2023: $150.6M$150.6M2023+92%2024: $133.8M$133.8M2024−11%2025: $98.1M$98.1M2025−27%
Fiscal year20182019202020212022202320242025
Revenue$1.7B6$1.3B7$1.1B8$682.5M9$1.2B10$1.5B3$1.2B3$949.5M3
Cost of revenue$409.6M6$402.3M7$297.2M8$315.1M9$495.6M10$474.4M3$405.5M3$317.4M3
Operating income$164.3M6-$109.2M7$70.2M8-$185.4M9$245.8M10$531.7M3$365.2M3$302.8M3
Interest$254.1M6$111.4M7$89.1M8$68.4M9$38.6M10$28.0M3$7.5M3$2.9M3
Income before tax-$282.4M9$211.1M10$529.6M3$402.0M3$347.4M3
Income tax$19.7M6$17.8M7$5.6M8-$5.0M9$1.4M10$12.2M3$405.0K3-$4.6M3
Net income-$79.2M6-$310.6M7-$82.9M8$7.8M9$78.4M10$150.6M3$133.8M3$98.1M3
Earnings per share-$0.7911-$3.087-$0.828$0.089$0.7710$1.593$1.473$1.143
Earnings per share (diluted)-$0.7911-$3.087-$0.828$0.089$0.7610$1.543$1.423$1.133
Shares (weighted, basic)102.1M shares9102.1M shares1094.5M shares391.3M shares386.0M shares3
Shares (weighted, diluted)102.1M shares9104.4M shares1096.6M shares393.3M shares386.7M shares3

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Corporate structure

TEEKAY CORP LTD sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TEEKAY CORP LTD

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What TEEKAY CORP LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$487.7M3 Dec 31, 2025$570.9M3 Dec 31, 2024−14.6%
Property and equipment, net$1.0B3 Dec 31, 2025$1.1B3 Dec 31, 2024−11.6%
Finance-lease assets$010 Dec 31, 2024$229.0M10 Dec 31, 2023−100.0%
Operating-lease assets (leased space)$38.2M3 Dec 31, 2025$52.2M3 Dec 31, 2024−26.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$940.7M3 Dec 31, 2025$685.3M3 Dec 31, 2024+37.3%
Marketable securities, current$03 Dec 31, 2025$22.4M3 Dec 31, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.4M3 Dec 31, 2025$2.4M3 Dec 31, 20240%
Finite-lived intangibles, net$03 Dec 31, 2025$307.0K3 Dec 31, 2024−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$29.4M3 Dec 31, 2025$46.0M3 Dec 31, 2024−36.1%

Leadership

Who has led TEEKAY CORP LTD, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth Hvid2026–now

President

  1. Kenneth Hvid2026–now

Chief financial officer

  1. Brody Speers2026–now
Board members and other officers (6)

Former names

  • TEEKAY CORPJul 3, 2007 to Oct 1, 20244
  • TEEKAY SHIPPING CORPDec 19, 1995 to Jun 8, 20074

Timeline

  1. Mar 18, 2026New chief executive Kenneth Hvid becomes CEO13
  2. Feb 8, 1979Founded TEEKAY CORP LTD is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/202619

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

158 filings to the SEC since October 2021: 5 annual reports, 28 insider forms, 11 large holders, 114 other. The latest 20:

  1. Sep 18, 20264 EDGAR
  2. Sep 17, 2026144 EDGAR
  3. Sep 11, 2026144 EDGAR
  4. Sep 11, 20264 EDGAR
  5. Sep 11, 20264 EDGAR
  6. Sep 10, 2026144 EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 20, 2026144 EDGAR
  9. Aug 19, 20264 EDGAR
  10. Aug 3, 2026144 EDGAR
  11. Aug 3, 20264 EDGAR
  12. Jul 31, 20266-K EDGAR
  13. Jul 29, 20266-K EDGAR
  14. Jun 22, 2026144 EDGAR
  15. Jun 22, 20264 EDGAR
  16. Jun 17, 2026144 EDGAR
  17. Jun 17, 20264 EDGAR
  18. Jun 12, 2026144/A EDGAR
  19. Jun 12, 2026144 EDGAR
  20. Jun 12, 20264 EDGAR

The 158 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 0 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026Locke Simon HeidiDirectorSale400$14.93$6.0KForm 4
Sep 11, 2026Hvid KennethPresident and CEOSale132,884$14.28$1.9MForm 4
Sep 10, 2026Locke Simon HeidiDirectorSale11,585$14.08$163.1KForm 4
Aug 21, 2026Locke Simon HeidiDirectorSale1,000$13.64$13.6KForm 4
Aug 20, 2026Locke Simon HeidiDirectorSale485$13.24$6.4KForm 4
Aug 19, 2026Locke Simon HeidiDirectorSale96$13.19$1.3KForm 4
Aug 19, 2026Speers BrodyChief Financial OfficerSale2,350$13.10$30.8KForm 4
Aug 3, 2026Krediet RudolphDirectorSale41,457$11.45$474.7KForm 4
Jun 22, 2026Locke Simon HeidiDirectorSale18,119$12.37$224.1KForm 4
Jun 17, 2026Krediet RudolphDirectorSale63,042$11.80$743.9KForm 4
Jun 12, 2026Hvid KennethPresident and CEOSale6,822$12.04$82.1KForm 4
Jun 11, 2026Hvid KennethPresident and CEOSale315,335$12.11$3.8MForm 4
Jun 11, 2026Speers BrodyChief Financial OfficerSale5,500$12.15$66.8KForm 4
Jun 11, 2026Hvid KennethPresident and CEOSale315,335$12.36$3.9MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

TEEKAY CORP LTD has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How TEEKAY CORP LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTEEKAY CORP LTD1
  • CIK0000911971
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inBermuda5
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2Nd Floor, Swan Building, 26 Victoria Street, Hamilton, D0 HM 121
  • Phone604-683-35291
  • Shares outstanding86,056,804 shares as of Dec 31, 20255
  • AuditorKPMG LLP, Vancouver BC, Canada PCAOB ID 85; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceNov 9, 19951
  • Filings734 in all: 6-K (357), SC 13G/A (65), 144 (53), 20-F (31), SC 13G (29), SC 13D/A (26), CORRESP (21), 4 (18)1
    All 48 form types

    UPLOAD (16), 6-K/A (8), F-3 (8), SC 13D (8), EFFECT (7), S-8 (7), 3 (6), F-3/A (6), SC TO-T/A (6), 20-F/A (5), 424B5 (5), F-4/A (5), 424B2 (4), F-4 (4), SC TO-C (4), 3/A (3), 8-A12B (3), S-8 POS (3), 25 (2), 424B3 (2), FWP (2), SCHEDULE 13D/A (2), 144/A (1), 4/A (1), 424A (1), 424B1 (1), 8-A12B/A (1), 8A12BT (1), AW (1), CERTNYS (1), F-3ASR (1), F-3MEF (1), F-4MEF (1), POS AM (1), POSASR (1), SC TO-I (1), SC TO-I/A (1), SC TO-T (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Mar 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, par value of $0.001 per shareTKNew York Stock Exchange

From the cover page of the 20-F filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5

Sources

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