Seapeak Llc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Seapeak Llc (SEALPA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Seapeak Llc vs Its Competitors
- TTM: Trailing 12-month revenue of 637M vs 7,577M combined for tracked competitors (7.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+263.4%) for its tracked peer group.
- Growth: Seapeak Llc generated -10.4% revenue growth year over year in Q4 2025, vs -10.3% for its tracked competitors combined.
- Profitability: Its 4.1% net margin compares with 23.7% for the peer group.
- Peer revenue share: Seapeak Llc accounted for 8.5% of combined revenue among its tracked peer group, down from 8.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.24M compares with $0.93M for the peer group (0.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SEALPA Sales vs. its Competitors, Q4 2025
Seapeak Llc reported revenue contraction of 10.38 % year on year in Q4 2025, below its competitors' combined revenue change of -10.29 %.
With a net margin of 4.08 %, Seapeak Llc reported lower profitability than its competitors (23.68 %).
Seapeak Llc generated 8.47 % of the combined sales of its peer group, down from 8.48 % a year earlier.
Seapeak Llc vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Seapeak Llc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Seapeak Llc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Seapeak Llc's competitor groups requires a Commercial License.
For context: the Cruise and Shipping industry grew revenue 9.4% year over year, combined, vs -10.4% for Seapeak Llc. Seapeak Llc's share of combined industry revenue moved from 1.36% to 1.11%, a loss of 0.25 percentage points.
Seapeak Llc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Seapeak Llc | Yes | No | No | Yes |
| Competitors combined (14) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SEALPA Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nordic American Tankers Ltd | 282.9% | Outperformed |
| 2 | Golden Ocean Group Limited | 282.9% | Outperformed |
| 3 | Frontline Plc | 282.9% | Outperformed |
| 4 | Teekay Tankers Ltd | 282.9% | Outperformed |
| 5 | Dorian Lpg Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Seapeak Llc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Seapeak Llc's Comment on Competition and Industry Peers
Publicly Traded Peers of Seapeak Llc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Seapeak Llc | - | 636.96 |
| Frontline Plc | 5,354.08 | 1,971.17 |
| Golar Lng Limited | 5,342.21 | 393.52 |
| Golden Ocean Group Limited | 4,730.53 | 968.42 |
| Teekay Tankers Ltd | 3,328.36 | 951.80 |
| Dorian Lpg Ltd | 2,322.89 | 585.18 |
| SUBTOTAL | 29,651.58 | 9,182.70 |
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Sources: Seapeak Llc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Seapeak Llc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Seapeak Llc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Seapeak Llc | LNG 82.03 % |
| Golar Lng Limited | FLNG 93.19 % |
| Teekay Tankers Ltd | Tankers 86.57 % |
| Teekay Corporation Ltd | Tankers 86.78 % |
| Top Ships Inc | Tanker Segment 94.59 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Seapeak Llc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Seapeak Llc | - | 243,392 | 9,932 |
| Frontline Plc | 5,354 | 25,599,649 | 4,923,130 |
| Golar Lng Limited | 5,342 | 504,515 | 144,328 |
| Golden Ocean Group Limited | 4,731 | 649,946 | 149,808 |
| Teekay Tankers Ltd | 3,328 | 38,071,880 | 14,047,440 |
| Dorian Lpg Ltd | 2,323 | 1,014,184 | 557,832 |
| PEERS TOTAL | 29,652 | 927,273 | 234,610 |
Seapeak Llc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Singularity Future Technology Ltd | CN 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Seapeak Llc's Position in Industry Market Structure
Market-capitalization share and concentration across all 19 companies in Seapeak Llc's industry classification, broader than the peer set above. Market cap in millions of $.Seapeak Llc ranks #0 of 19 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,076, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 64,600 | 36.13 % |
| 2 | Viking Holdings Ltd | 35,524 | 19.87 % |
| 3 | Carnival Corporation | 30,779 | 17.21 % |
| 4 | Kirby Corporation | 6,941 | 3.88 % |
| 5 | Matson inc | 1,234 | 5.2% |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 5.2% |
| 7 | Golar Lng Limited | 1,234 | 5.2% |
| 8 | International Seaways Inc | 1,234 | 5.2% |
| 9 | Golden Ocean Group Limited | 1,234 | 5.2% |
| 10 | Tidewater Inc | 1,234 | 5.2% |
| 0 | Seapeak Llc | - | 0.00 % |
Market cap and industry share for the rest of Seapeak Llc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-05-06.
Seapeak Llc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cruise and Shipping industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 98.10 % | 47.32 % (avg) | +50.8 pp |
| Operating Margin | 20.55 % | industry median | +0.0 pp |
| EBITDA Margin | 50.49 % | 37.55 % (avg) | +12.9 pp |
| Capital Intensity (Capex / Revenue) | 9.62 % | 15.60 % (avg) | -6.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Seapeak Llc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 16.38 % | -2.21 % | -10.38 % |
| Operating Margin | 43.38 % | -13.30 % | 20.55 % |
| Return on Invested Capital | - | - | - |
| P/E | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Seapeak Llc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,076 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 9.62 % vs industry average 15.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Seapeak Llc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Seapeak Llc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Seapeak Llc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Seapeak Llc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Seapeak Llc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (38.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Royal Caribbean Cruises Ltd, holding 36.13 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Seapeak Llc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Seapeak Llc | 0.17 | 0.42 | 0.55 |
| Frontline Plc | 0.51 | 1.43 | 1.09 |
| Golar Lng Limited | 2.12 | 2.55 | 1.66 |
| Golden Ocean Group Limited | 0.55 | 1.22 | 0.75 |
| Teekay Tankers Ltd | 6.14 | 7.98 | - |
| Dorian Lpg Ltd | 2.05 | 3.16 | 0.56 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Seapeak Llc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Seapeak Llc | Q4 2025 | -10.4 % | - |
| Frontline Plc | Q4 2025 | -8.8 % | -23.5 % |
| Golar Lng Limited | Q4 2025 | +32.2 % | +39.3 % |
| Golden Ocean Group Limited | Q4 2024 | +9.3 % | +98.8 % |
| Teekay Tankers Ltd | Q4 2025 | -22.6 % | -13.0 % |
| Dorian Lpg Ltd | Q2 2026 | +123.1 % | +1,271.6 % |
| PEERS TOTAL | -8.5 % | -5.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Seapeak Llc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Seapeak Llc | Q4 2025 | -0.3 % | -76.2 % |
| Frontline Plc | Q4 2025 | - | -98.6 % |
| Golar Lng Limited | Q4 2025 | - | -87.5 % |
| Golden Ocean Group Limited | Q4 2024 | - | -99.1 % |
| Teekay Tankers Ltd | Q4 2025 | -21.7 % | +169.9 % |
| Dorian Lpg Ltd | Q2 2026 | - | - |
Seapeak Llc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Seapeak Llc | 0.51% | 0.59% | 1.19% |
| Frontline Plc | 6.59% | 12.61% | 15.10% |
| Golar Lng Limited | 2.11% | 2.32% | 6.11% |
| Golden Ocean Group Limited | 6.61% | 6.81% | 11.75% |
| Teekay Tankers Ltd | 15.67% | 16.63% | 17.18% |
| Dorian Lpg Ltd | 17.56% | 17.77% | 28.69% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Seapeak Llc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Seapeak Llc | - | - |
| Frontline Plc | 14.12 | 2.72 |
| Golar Lng Limited | 81.32 | 13.58 |
| Golden Ocean Group Limited | 21.12 | 4.88 |
| Teekay Tankers Ltd | 9.48 | 3.50 |
| Dorian Lpg Ltd | 7.20 | 3.97 |
| PEERS AVERAGE | 13.55 | 3.23 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.