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Matson vs Teekay Tankers: revenue, profit, margins and growth compared

Matson brought in $3.3B of revenue in fiscal 2025, Teekay Tankers $951.8M in fiscal 2025. Revenue changed by -2.3% at Matson and -22.6% at Teekay Tankers on the year before, so Matson grew faster. Matson kept 13.3% of its revenue as net profit, Teekay Tankers 36.9%. Free cash flow was $153.7M at Matson and $115.6M at Teekay Tankers.

Side by side, latest fiscal year

MATXTNK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$951.8M
Revenue growth-2.3%-22.6%
Net income$444.8M$351.2M
Net margin13.3%36.9%
Free cash flow$153.7M$115.6M
Free cash flow margin4.6%12.1%
Earnings per share (diluted)$13.81$10.10
Cash$141.9M$830.6M
Debt$361.2Mn/a
Price to earnings16.3n/a
Market value$6.7B$3.3B
Dividend yield0.62%n/a
Rank by revenue in sector#272 of 778 · Consumer discretionary#471 of 778 · Consumer discretionary

Over the years

Revenue
MATX FY2018: $2.2BMATX FY2019: $2.2BMATX FY2020: $2.4BMATX FY2021: $3.9BMATX FY2022: $4.3BMATX FY2023: $3.1BMATX FY2024: $3.4BMATX FY2025: $3.3BTNK FY2018: $776.5MTNK FY2019: $943.9MTNK FY2020: $886.4MTNK FY2021: $542.4MTNK FY2022: $1.2BTNK FY2023: $1.5BTNK FY2024: $1.2BTNK FY2025: $951.8MFY18FY19FY20FY21FY22FY23FY24FY25
MATX $3.3BTNK $951.8M
Net income
MATX FY2018: $109MMATX FY2019: $82.7MMATX FY2020: $193.1MMATX FY2021: $927.4MMATX FY2022: $1.1BMATX FY2023: $297.1MMATX FY2024: $476.4MMATX FY2025: $444.8MTNK FY2018: -$52.5MTNK FY2019: $41.4MTNK FY2020: $87.3MTNK FY2021: -$242.4MTNK FY2022: $235.4MTNK FY2023: $519.9MTNK FY2024: $403.7MTNK FY2025: $351.2MFY18FY19FY20FY21FY22FY23FY24FY25
MATX $444.8MTNK $351.2M
Net margin
MATX FY2018: 4.9%MATX FY2019: 3.8%MATX FY2020: 8.1%MATX FY2021: 23.6%MATX FY2022: 24.5%MATX FY2023: 9.6%MATX FY2024: 13.9%MATX FY2025: 13.3%TNK FY2018: -6.8%TNK FY2019: 4.4%TNK FY2020: 9.9%TNK FY2021: -44.7%TNK FY2022: 20.0%TNK FY2023: 35.3%TNK FY2024: 32.8%TNK FY2025: 36.9%FY18FY19FY20FY21FY22FY23FY24FY25
MATX 13.3%TNK 36.9%
Revenue growth
MATX FY2019: -0.9%MATX FY2020: +8.2%MATX FY2021: +64.7%MATX FY2022: +10.6%MATX FY2023: -28.7%MATX FY2024: +10.6%MATX FY2025: -2.3%TNK FY2019: +21.6%TNK FY2020: -6.1%TNK FY2021: -38.8%TNK FY2022: +117.2%TNK FY2023: +25.1%TNK FY2024: -16.6%TNK FY2025: -22.6%FY19FY20FY21FY22FY23FY24FY25
MATX -2.3%TNK -22.6%
Free cash flow
MATX FY2022: $1.1BMATX FY2023: $262.1MMATX FY2024: $457.7MMATX FY2025: $153.7MTNK FY2018: -$13.1MTNK FY2019: $106MTNK FY2020: $331.9MTNK FY2021: -$128.8MTNK FY2022: $199.7MTNK FY2023: $631.2MTNK FY2024: $401.4MTNK FY2025: $115.6MFY18FY19FY20FY21FY22FY23FY24FY25
MATX $153.7MTNK $115.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Matson and Teekay Tankers

Which is bigger by revenue, Matson or Teekay Tankers?

Matson is bigger by revenue: $3.3B in fiscal 2025, against $951.8M for Teekay Tankers in fiscal 2025.

Which keeps more of its revenue as profit, Matson or Teekay Tankers?

Matson had a net margin of 13.3% in fiscal 2025; Teekay Tankers had 36.9% in fiscal 2025.

Which grew revenue faster, Matson or Teekay Tankers?

In their latest fiscal years revenue changed by -2.3% at Matson and -22.6% at Teekay Tankers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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