PerpEquities

Teck Resources Limited (TECK) financials

NYSE · Basic Materials · Copper · 7,429 employees · CEO Jonathan H. Price

Price
$60.61 -4.88%
Market cap
$29.3B
Enterprise value
CA$44B
Last report
Q3 '26 filed 2026-10-30
Next report
2027-02-18
Revenue (TTM)CA$15.1B+44.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)34.5%+19.0 pp vs a year agoOperating income CA$5.22B
Net income (TTM)CA$3.81B+203.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CA$2.08B+843.2% vs a year agoCapex CA$3.06B
Diluted EPS (TTM)CA$7.75+211.2% vs a year agoSum of the last 4 quarters
Net cash-CA$3.08B+37.2% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
$29.3B
EV CA$44B
Revenue
CA$15.1B
Trailing 12 months
Revenue growth
+47%
FY2026 consensus
Profit margin
25.2%
Net income / revenue, TTM
P/E
10.9×
P/S
2.7×
Price / sales, TTM
EV / EBITDA
5.2×
TTM
Free cash flow
CA$2.08B
Trailing 12 months
Net income
CA$3.81B
Trailing 12 months
Revenue estimate
CA$15.8B
FY2026 consensus
Earnings
2027-02-18
Dividend
$0.36
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth slowing: 33.4% year on yearQ3 '26 revenue CA$4.52B, against an average of 53.4% over the four quarters before.
  • Operating margin 34.5% (TTM), +19.0 pp on a year agoOperating income grew 219.9% while revenue grew 44.2%.
  • 11.0% of pre-tax profit is non-operatingPre-tax income CA$5.86B vs operating income CA$5.22B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 20.2% of revenue (a year ago 17.1%)CA$3.06B invested in the last 4 quarters (+71.1% on a year earlier). Free cash flow CA$2.08B = 54.6% of net income.
  • Returned CA$244M to shareholders = 11.7% of free cash flowBuybacks CA$0 (a year earlier CA$1.5B), dividends CA$244M, stock-based pay CA$0 (TTM).
  • Diluted share count up 0.4% in a year492M diluted shares in Q3 '26, 490M a year earlier.
  • Net debt CA$3.08BCash + short-term investments CA$6.69B, debt incl. leases CA$9.76B; a year ago net debt CA$4.9B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCA$4.52BCA$3.39B+33.4%
Gross margin37.4%19.5%+17.9 pp
Operating incomeCA$1.64BCA$514M+219.3%
Operating margin36.3%15.2%+21.1 pp
Net incomeCA$1.59BCA$281M+466.5%
Diluted EPSCA$3.24CA$0.57+468.4%
Operating cash flowCA$1.59BCA$647M+145.7%
CapexCA$873MCA$488M+78.9%
Free cash flowCA$717MCA$159M+350.9%
R&DCA$7MCA$5M+40.0%
Stock-based compensationCA$0CA$0–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CA$5.14B
Capex
-CA$3.06B
Buybacks
CA$0
Dividends
-CA$244M
Acquisitions
CA$66.9M
Net debt issued
-CA$189M
Stock-based compensation
CA$0
Free cash flow
CA$2.08B
Returned to shareholders / FCF
11.7%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)10.9×24.8×6.8× – 73.8×
EV / EBITDA5.2×16.2×4.3× – 45.7×
EV / Sales2.9×3.5×2.0× – 6.1×
Price / FCF19.7×129.8× 3 of 5 years10.7× – 194.0×
Price / Book1.4×1.1×0.8× – 1.3×
FCF yield5.1%1.3%-3.1% – 9.3%
Return on invested capital7.3%4.0%-0.0% – 9.2%
Return on equity14.1%8.3%1.6% – 13.0%

Analysts

Consensus target $68.00 (+12.2%)
range $68.00 – $68.00 · rating Buy

Strong buy0
Buy19
Hold6
Sell2
Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CA$15.8B+47.2%CA$6.69+136.3%–12
FY2027CA$16.2B+2.1%CA$5.84-12.7%–13
FY2028CA$14.5B-10.4%CA$4.58-21.6%–8
FY2029CA$15.6B+7.7%CA$5.35+16.9%–10
FY2030CA$15.9B+2.3%CA$5.63+5.2%–5

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CAD as reported; price and market cap in USD.