TECKNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31Also trades as TCKRF
TECK RESOURCES LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 19, 2026
$63.48−1.14 (-1.76%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
24.7%+9.8 pts over 5 years
Operating margin
20.9%+31.1 pts over 5 years
Net margin
13.0%+22.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +18.7% | -14.7% | +3.7% | – | |
| Gross profit | +65.3% | -32.3% | +14.8% | – | |
| Operating income | – | -31.5% | – | – | |
| Net income | +245.1% | -25.0% | – | – | |
| EPS, diluted | +262.8% | -23.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -4.2% | 5.5% | |
| Return on assets | – | -2.1% | 3.0% | |
| Current ratio | 2.20 | 1.23 | 2.54 | |
| Debt to equity | 0.46 | 0.31 | 0.16 | |
| Net debt to EBITDA | 2.23× | 9.68× | -0.28× | |
| Interest coverage | 4.9× | -3.3× | 2.5× | |
| Inventory turnover | – | 4.0× | 3.0× | |
| Capex to revenue | 15.2% | 35.0% | 17.1% | |
| Diluted shares | 583M | 534M | 495M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Teck Resources generated C$21.07B from operations and spent C$20.27B on capital expenditure, dividends and share buybacks. 81% of that went back into the business.
Generated
C$21.07B
Used
C$20.27B
Capital expenditureC$16.37B81%DividendsC$00%Share buybacksC$3.89B19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.0%
×Asset turnover0.23×
×Equity multiplier1.81×
=Return on equity, FY20255.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.0% | 0.23× | 1.81× | 5.5% |
| FY2024 | 4.5% | 0.18× | 1.95× | 1.5% |
| FY2023 | 37.2% | 0.12× | 2.07× | 9.2% |
| FY2022 | 19.2% | 0.35× | 2.06× | 13.7% |
| FY2021 | 22.5% | 0.29× | 2.06× | 13.3% |
| FY2020 | -9.7% | 0.22× | 1.95× | -4.2% |
| FY2019 | -5.1% | 0.30× | 1.79× | -2.7% |
| FY2018 | 24.7% | 0.33× | 1.79× | 14.5% |
| FY2017 | 20.7% | 0.33× | 1.92× | 13.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroC$1.40B
- Cash generatingOperating cash flow above zeroC$1.48B
- Return on assets improvedROA up on the prior year0.7% → 3.0%
- Earnings backed by cashOperating cash flow above net incomeC$1.48B vs C$1.40B
- Less leverageLong-term debt to assets fell8.7% → 7.7%
- Better liquidityCurrent ratio rose2.88 → 2.54
- No dilutionShare count did not rise520M → 495M
- Gross margin improvedGross margin up on the prior year17.73% → 24.70%
- More efficientAsset turnover rose0.16 → 0.23