TECK
Teck Resources Limited
TECK's fundamentals are strong: revenue grew 41% and its operating margin rose 24 points to 29%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TECK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
TECK's revenue, profitability, cash flow and balance sheet are all currently healthy.
TECK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $25.73 | -58% |
| Fair | 17x | $59.45 | -2.8% |
| Current | 17x | $61.19 | — |
| Expensive | 71x | $253 | +314% |
Historical ranges are pointers, not guarantees.
TECK's PE is 17x, but its earnings don't support one, so it isn't a reliable read right now.
TECK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TECK, but weaker profitability. However, they disagree widely on these estimates.
TECK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.57 | +982% |
| Q2 2025 | $0.33 | -83% |
| Q2 2024 | $1.96 | -18% |
| Q1 2024 | $2.15 | -45% |
| Q4 2023 | $3.24 | -26% |
| Q3 2023 | $3.03 | -48% |
| Q2 2023 | $2.40 | -67% |
| Q1 2023 | $3.88 | -28% |
TECK's earnings per share have fallen from their peak: $3.57 over the past year, against $7.18 in mid-2022.
TECK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.5B | +78% |
| Q1 2026 | $2.8B | +72% |
| Q4 2025 | $2.1B | +9.7% |
| Q3 2025 | $2.4B | +18% |
| Q2 2025 | $1.4B | +12% |
| Q1 2025 | $1.6B | +41% |
| Q4 2024 | $2B | -32% |
| Q4 2024 | $2B | +44% |
TECK's revenue is recovering but still below its 2022 peak: $2.5B last quarter, up 78% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 40% | +25 points |
| Q1 2026 | 38% | +16 points |
| Q4 2025 | 21% | +10 points |
| Q3 2025 | 15% | +37 points |
| Q2 2025 | 15% | N/A |
| Q1 2025 | 22% | +4.6 points |
| Q4 2024 | 11% | +11 points |
| Q4 2024 | -22% | -44 points |
TECK's operating margin was 40% last quarter, up 25 points from the same quarter a year ago.
TECK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $510.6M | +$732.1M |
| Q1 2026 | $241.8M | +$880.2M |
| Q4 2025 | $206.5M | -63% |
| Q3 2025 | $111.8M | +$458.4M |
| Q2 2025 | -$221.5M | -389% |
| Q1 2025 | -$638.4M | -$155.4M |
| Q4 2024 | $551.2M | +207% |
| Q3 2024 | -$346.6M | +$107.6M |
TECK's free cash flow has turned positive after three years mostly in the red: $1.1B over the past year.
TECK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +700K shares |
| 1 year | -1% | -5.2M shares |
| 3 years | -6.5% | -34M shares |
| 5 years | -8.9% | -48M shares |
| Available history | -11% | -60.1M shares |
TECK has 492M diluted shares, down 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $101.2M |
| Q2 2025 | $342.4M |
| Q1 2025 | $267.2M |
| Q4 2024 | $341.7M |
| Q3 2024 | $279.8M |
TECK spent $101M buying back its own shares over the past year, down 92% from the year before.
TECK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q2 2024 | 4.4x | High |
| Q1 2024 | 3.3x | Elevated |
| Q4 2023 | 2.0x | Moderate |
TECK's net debt is less than a year of its operating earnings (EBITDA), down from 1.8 years a year ago.
TECK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 20.0 | Oversold |
TECK's weekly RSI is 49 (neutral) and its Stochastic is 20 (oversold).
TECK PE vs Basic Materials Sector
| Metric | TECK | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 19x | 8% below |
| PE % | 51 | 40 | 11 pts above |
TECK is trading at 17x earnings, in line with the Basic Materials sector's median of 19x, though its earnings don't support one.
TECK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $63.6 | 3.7% below |
| 20 week MA | $63.7 | 3.9% below |
| 50 week MA | $58.5 | 4.5% above |
| 100 week MA | $48.7 | 26% above |
| 200 week MA | $46.1 | 33% above |
TECK has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 33% above its 200-week average.
TECK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.4 | $17.5 | +0.7% |
| 2021 | $17.5 | $28.3 | +61% |
| 2022 | $28.3 | $38.3 | +35% |
| 2023 | $38.3 | $42.3 | +10% |
| 2024 | $42.3 | $40.8 | -3.5% |
| 2025 | $40.8 | $47.8 | +17% |
| 2026 YTD | $47.8 | $61.2 | +28% |
TECK has finished higher in five of the last six years. It's up 28% so far in 2026.