TNK vs. GOGL
Compare and contrast key facts about Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNK or GOGL.
Correlation
The correlation between TNK and GOGL is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TNK vs. GOGL - Performance Comparison
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Key characteristics
TNK:
-0.76
GOGL:
-0.84
TNK:
-1.04
GOGL:
-1.05
TNK:
0.88
GOGL:
0.85
TNK:
-0.40
GOGL:
-0.48
TNK:
-0.90
GOGL:
-1.33
TNK:
34.43%
GOGL:
30.89%
TNK:
40.18%
GOGL:
49.04%
TNK:
-95.79%
GOGL:
-96.87%
TNK:
-71.26%
GOGL:
-81.72%
Fundamentals
TNK:
$1.56B
GOGL:
$1.59B
TNK:
$11.63
GOGL:
$1.12
TNK:
3.90
GOGL:
7.05
TNK:
31.59
GOGL:
131.35
TNK:
1.43
GOGL:
1.65
TNK:
0.89
GOGL:
0.80
TNK:
$1.12B
GOGL:
$721.69M
TNK:
$298.77M
GOGL:
$261.07M
TNK:
$328.41M
GOGL:
$340.59M
Returns By Period
In the year-to-date period, TNK achieves a 15.52% return, which is significantly higher than GOGL's -9.63% return. Over the past 10 years, TNK has outperformed GOGL with an annualized return of -0.27%, while GOGL has yielded a comparatively lower -3.78% annualized return.
TNK
15.52%
16.27%
4.11%
-30.46%
24.99%
-0.27%
GOGL
-9.63%
7.58%
-29.21%
-41.05%
37.45%
-3.78%
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Risk-Adjusted Performance
TNK vs. GOGL — Risk-Adjusted Performance Rank
TNK
GOGL
TNK vs. GOGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TNK vs. GOGL - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 6.02%, less than GOGL's 13.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 6.02% | 6.91% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.40% | 1.07% | 1.66% | 0.22% | 0.30% |
GOGL Golden Ocean Group Limited | 13.21% | 13.39% | 5.12% | 27.04% | 17.20% | 1.08% | 5.60% | 7.32% | 0.00% | 0.00% | 0.00% | 15.34% |
Drawdowns
TNK vs. GOGL - Drawdown Comparison
The maximum TNK drawdown since its inception was -95.79%, roughly equal to the maximum GOGL drawdown of -96.87%. Use the drawdown chart below to compare losses from any high point for TNK and GOGL. For additional features, visit the drawdowns tool.
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Volatility
TNK vs. GOGL - Volatility Comparison
Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL) have volatilities of 12.00% and 12.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TNK vs. GOGL - Financials Comparison
This section allows you to compare key financial metrics between Teekay Tankers Ltd. and Golden Ocean Group Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TNK vs. GOGL - Profitability Comparison
TNK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Teekay Tankers Ltd. reported a gross profit of 45.96M and revenue of 231.64M. Therefore, the gross margin over that period was 19.8%.
GOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Golden Ocean Group Limited reported a gross profit of 75.12M and revenue of 210.97M. Therefore, the gross margin over that period was 35.6%.
TNK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Teekay Tankers Ltd. reported an operating income of 36.24M and revenue of 231.64M, resulting in an operating margin of 15.7%.
GOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Golden Ocean Group Limited reported an operating income of 49.17M and revenue of 210.97M, resulting in an operating margin of 23.3%.
TNK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Teekay Tankers Ltd. reported a net income of 76.03M and revenue of 231.64M, resulting in a net margin of 32.8%.
GOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Golden Ocean Group Limited reported a net income of 39.00M and revenue of 210.97M, resulting in a net margin of 18.5%.