TEEKAY CORP LTD
TK · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $12.37 — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C66Cyclical crude tanker operator with a fortress balance sheet but sharply declining revenue off peak rates.
Strengths
- Exceptional liquidity (current ratio 8.9, 93rd pct), huge cash (95th pct) and interest coverage 104 (100th pct)
- High gross margin 66.6% (78th pct) and operating margin 31.9% (61st pct)
Risks
- Revenue -22% (14th pct) and net income -27% as spot tanker rates normalize from highs
- Mid-pack net margin (37th pct) and ROA (48th pct); deeply cyclical spot exposure
- Potential PFIC classification risk for U.S. holders
Notable findings
- Strong balance sheetStrong balance sheet — $941M cash & investments
- Revenue declineRevenue -200.6% YoY
- Insider sellingInsider selling — 8 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$9M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.6%
Operating margin
31.9%
Net margin
10.3%
Return on assets
4.2%
Revenue growth (QoQ)
-200.6%
Net-income growth
-26.7%
Interest coverage
104.6×
Current ratio
8.9×
Free cash flow
$112M
EBITDA
$389M
Cash & investments
$941M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Locke Simon Heidi | Option exercise | 18K | $3.98 |
| 2026-06-22 | Locke Simon Heidi | Sell | 18K | $12.37 |
| 2026-06-17 | Krediet Rudolph | Option exercise | 22K | $5.81 |
| 2026-06-17 | Krediet Rudolph | Option exercise | 41K | $3.98 |
| 2026-06-17 | Krediet Rudolph | Sell | 63K | $11.80 |
| 2026-06-12 | Hvid Kenneth | Sell | 6.8K | $12.04 |
| 2026-06-11 | Hvid Kenneth | Option exercise | 165K | $10.18 |
| 2026-06-11 | Hvid Kenneth | Sell | 165K | $12.16 |
| 2026-06-11 | Hvid Kenneth | Sell | 150K | $12.06 |
| 2026-06-11 | Speers Brody | Sell | 5.5K | $12.15 |
| 2026-06-11 | Hvid Kenneth | Option exercise | 165K | $10.18 |
| 2026-06-11 | Hvid Kenneth | Sell | 165K | $12.16 |
| 2026-06-11 | Hvid Kenneth | Sell | 150K | $12.59 |
| 2026-06-09 | Karlshoej Poul Ulrich | Grant | 6.3K | $11.81 |
| 2026-06-09 | Locke Simon Heidi | Grant | 6.3K | $11.81 |
| 2026-06-09 | Krediet Rudolph | Grant | 6.3K | $11.81 |
| 2026-06-02 | Speers Brody | Option exercise | 18K | — |
| 2026-06-02 | Speers Brody | Option exercise | 1.5K | — |
| 2026-06-02 | Speers Brody | Tax withheld | 10K | $11.61 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-13 | 2025-12-31 | 0000911971-26-000015 ↗ |
| 20-F | 2025-03-14 | 2024-12-31 | 0000911971-25-000007 ↗ |
| 20-F | 2024-03-15 | 2023-12-31 | 0001628280-24-011405 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001628280-23-010070 ↗ |
| 20-F | 2022-04-06 | 2021-12-31 | 0001628280-22-008587 ↗ |
| 20-F | 2021-04-01 | 2020-12-31 | 0001628280-21-006373 ↗ |
| 20-F | 2020-04-09 | 2019-12-31 | 0001628280-20-004822 ↗ |
| 20-F | 2019-04-01 | 2018-12-31 | 0001628280-19-003715 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0001628280-18-005389 ↗ |
| 20-F | 2017-04-12 | 2016-12-31 | 0001628280-17-003553 ↗ |
| 20-F | 2016-04-26 | 2015-12-31 | 0001193125-16-556541 ↗ |
| 20-F | 2015-04-29 | 2014-12-31 | 0001193125-15-157023 ↗ |