TransAlta Corporation (TAC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TransAlta Corporation (TAC) stock price & volume — 10-year historical chart
TransAlta Corporation (TAC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
TransAlta Corporation (TAC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.04vs $0.01+300.0% | $406Mvs $436M-6.9% |
| Q1 2026 | Feb 27, 2026 | $0.04vs $0.05-180.0% | $436Mvs $493M-11.6% |
| Q4 2025 | Nov 6, 2025 | $0.01vs $0.06-116.7% | $441Mvs $559M-21.1% |
| Q3 2025 | Aug 1, 2025 | $0.13vs $0.07+85.7% | $318Mvs $474M-32.9% |
TransAlta Corporation (TAC) competitors in Merchant and Diversified Power Producers — business model, growth, and fundamentals comparison
TransAlta Corporation (TAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TransAlta Corporation (TAC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.31B | 2.25B | 2.35B | 2.1B | 2.72B | 2.98B | 3.35B | 2.85B | 2.4B | 2.21B |
| Revenue Growth % | -3.75% | -2.51% | 4.36% | -10.48% | 29.51% | 9.37% | 12.74% | -15.2% | -15.5% | -16.68% |
| Cost of Revenue | 1.02B | 1.1B | 1.09B | 968M | 1.23B | 1.34B | 1.17B | 1.05B | 1.62B | 1.32B |
| Gross Profit | 1.29B▲ 0% | 1.15B▼ 11.0% | 1.26B▲ 9.7% | 1.13B▼ 10.2% | 1.49B▲ 31.4% | 1.64B▲ 9.8% | 2.18B▲ 33.5% | 1.79B▼ 17.8% | 784.36M▼ 56.3% | 889.52M▲ 0% |
| Gross Margin % | 55.96% | 51.09% | 53.73% | 53.93% | 54.72% | 54.94% | 65.07% | 63.06% | 32.63% | 40.2% |
| Gross Profit Growth % | -9.97% | -11% | 9.75% | -10.15% | 31.42% | 9.81% | 33.52% | -17.82% | -56.28% | - |
| Operating Expenses | 1.13B | 916M | 926M | 1.23B | 1.73B | 1.1B | 1.09B | 1.21B | 1.01B | 946.38M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 869M | 894M | 1.04B | 699M | 480M | 1.13B | 1.71B | 1.12B | 413.66M | 522.31M |
| EBITDA Margin % | 37.67% | 39.75% | 44.48% | 33.27% | 17.64% | 37.97% | 50.97% | 39.23% | 17.21% | 23.6% |
| EBITDA Growth % | -25.15% | 2.88% | 16.78% | -33.05% | -31.33% | 135.42% | 51.33% | -34.74% | -62.93% | -42.54% |
| Depreciation & Amortization | 731M | 734M | 709M | 798M | 719M | 599M | 621M | 531M | 635.48M | 579.17M |
| D&A / Revenue % | 31.69% | 32.64% | 30.21% | 37.98% | 26.42% | 20.13% | 18.51% | 18.66% | 26.43% | 26.17% |
| Operating Income (EBIT) | 138M▲ 0% | 160M▲ 15.9% | 335M▲ 109.4% | -99M▼ 129.6% | -239M▼ 141.4% | 531M▲ 322.2% | 1.09B▲ 105.1% | 585M▼ 46.3% | -221.82M▼ 137.9% | -56.86M▲ 0% |
| Operating Margin % | 5.98% | 7.11% | 14.27% | -4.71% | -8.78% | 17.84% | 32.46% | 20.56% | -9.23% | -2.57% |
| Operating Income Growth % | -71.13% | 15.94% | 109.38% | -129.55% | -141.41% | 322.18% | 105.08% | -46.28% | -137.92% | - |
| Interest Expense | 175.59M | 224M | 125.7M | 167.97M | 213M | 212M | 212M | 250M | 289.76M | 4M |
| Interest Coverage | 0.90x | 0.46x | 3.04x | -0.66x | -0.78x | 2.67x | 5.15x | 2.28x | -0.77x | - |
| Interest / Revenue % | 7.61% | 9.96% | 5.36% | 7.99% | 7.83% | 7.12% | 6.32% | 8.79% | 12.05% | 0.18% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -2M |
| Pretax Income | -54M▲ 0% | -96M▼ 77.8% | 193M▲ 301.0% | -303M▼ 257.0% | -380M▼ 25.4% | 353M▲ 192.9% | 880M▲ 149.3% | 319M▼ 63.7% | -140.89M▼ 144.2% | -166.91M▲ 0% |
| Pretax Margin % | -2.34% | -4.27% | 8.22% | -14.42% | -13.97% | 11.86% | 26.23% | 11.21% | -5.86% | -7.54% |
| Income Tax | 64M | -6M | 17M | -50M | 45M | 192M | 84M | 80M | 16.99M | 16.02M |
| Effective Tax Rate % | -118.52% | 6.25% | 8.81% | 16.5% | -11.84% | 54.39% | 9.55% | 25.08% | -12.06% | -9.6% |
| Net Income | -160M▲ 0% | -198M▼ 23.8% | 82M▲ 141.4% | -287M▼ 450.0% | -537M▼ 87.1% | 50M▲ 109.3% | 695M▲ 1290.0% | 229M▼ 67.1% | -137.89M▼ 160.2% | -170.94M▲ 0% |
| Net Margin % | -6.94% | -8.8% | 3.49% | -13.66% | -19.74% | 1.68% | 20.72% | 8.05% | -5.74% | -7.72% |
| Net Income Growth % | -194.67% | -23.75% | 141.41% | -450% | -87.11% | 109.31% | 1290% | -67.05% | -160.21% | -422.52% |
| EPS (Diluted) | -0.56▲ 0% | -0.69▼ 23.2% | 0.62▲ 189.9% | -0.92▼ 248.4% | -1.57▼ 70.7% | 0.59▲ 137.6% | 2.33▲ 294.9% | 0.60▼ 74.2% | -0.64▼ 206.7% | -0.58▲ 0% |
| EPS Growth % | -236.59% | -23.21% | 189.86% | -248.39% | -70.65% | 137.58% | 294.92% | -74.25% | -206.67% | -7361% |
| EPS (Basic) | -0.56 | -0.69 | 0.62 | -0.92 | -1.57 | 0.59 | 2.33 | 0.60 | -0.64 | - |
| Diluted Shares Outstanding | 288M | 287M | 283M | 275M | 271M | 271M | 276M | 296M | 297M | 297M |
TransAlta Corporation (TAC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 10.3B | 9.43B | 9.51B | 9.75B | 9.23B | 10.74B | 8.66B | 9.5B | 8.65B | 8.81B |
| Asset Growth % | -6.29% | -8.5% | 0.85% | 2.51% | -5.35% | 16.42% | -19.38% | 9.7% | -8.9% | -8.65% |
| PP&E (Net) | 6.58B | 6.16B | 6.35B | 5.96B | 5.42B | 5.72B | 5.83B | 6.17B | 5.77B | 5.81B |
| PP&E / Total Assets % | 63.84% | 65.38% | 66.82% | 61.18% | 58.69% | 53.27% | 67.34% | 64.95% | 66.69% | 65.9% |
| Total Current Assets | 1.71B | 1.31B | 1.34B | 1.9B | 2.2B | 3.71B | 1.58B | 1.77B | 1.33B | 1.39B |
| Cash & Equivalents | 314M | 89M | 411M | 703M | 947M | 1.13B | 348M | 337M | 282.77M | 334.86M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 219M | 242M | 251M | 238M | 167M | 157M | 157M | 134M | 110.91M | 118.3M |
| Other Current Assets | 286M | 317M | 240M | 396M | 458M | 1.1B | 456M | 659M | 242.8M | 278.72M |
| Long-Term Investments | 1.08B | 1.04B | 0 | 100M | 105M | 129M | 138M | 159M | 592.52M | 1.75B |
| Goodwill | 463M | 464M | 464M | 463M | 463M | 464M | 464M | 517M | 515.58M | 525.35M |
| Intangible Assets | 364M | 373M | 318M | 313M | 256M | 252M | 223M | 281M | 242.8M | 237.61M |
| Other Assets | 83M | 47M | 1.01B | 955M | 726M | 410M | 402M | 547M | 155.87M | 157.41M |
| Total Liabilities | 5.92B | 5.29B | 5.45B | 6.31B | 6.63B | 8.75B | 7B | 7.66B | 7.19B | 7.33B |
| Total Debt | 3.71B | 3.27B | 3.54B | 3.69B | 3.6B | 4.01B | 3.81B | 4.56B | 4.48B | 4.47B |
| Net Debt | 3.39B | 3.18B | 3.13B | 2.99B | 2.65B | 2.87B | 3.46B | 4.22B | 4.2B | 4.14B |
| Long-Term Debt | 2.91B | 3.07B | 2.9B | 3.46B | 2.67B | 3.69B | 3.14B | 3.09B | 3.42B | 3.54B |
| Short-Term Borrowings | 729M | 130M | 494M | 97M | 837M | 186M | 529M | 1.32B | 924.25M | 937.42M |
| Capital Lease Obligations | 69M | 63M | 142M | 134M | 100M | 135M | 143M | 151M | 140.89M | 140.89M |
| Total Current Liabilities | 1.61B | 873M | 1.12B | 935M | 1.93B | 2.89B | 1.74B | 2.57B | 1.83B | 1.82B |
| Accounts Payable | 595M | 496M | 413M | 599M | 654M | 1.07B | 772M | 694M | 547.55M | 501.29M |
| Accrued Expenses | 0 | -7M | 0 | 0 | 17M | 17M | 16M | 17M | 0 | 44M |
| Deferred Revenue | 165M | 10M | 1M | 1M | 19M | 8M | 3M | 12M | 25.98M | 28.07M |
| Other Current Liabilities | 168M | 153M | 139M | 153M | 309M | 1.2B | 349M | 361M | 345.72M | 348.9M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.73B |
| Other Liabilities | 1.35B | 1.3B | 818M | 1.38B | 1.58B | 1.56B | 1.5B | 1.31B | 1.36B | 1.5B |
| Total Equity | 4.38B▲ 0% | 4.13B▼ 5.7% | 4.06B▼ 1.7% | 3.44B▼ 15.4% | 2.59B▼ 24.5% | 1.99B▼ 23.3% | 1.66B▼ 16.3% | 1.84B▲ 10.8% | 1.46B▼ 20.6% | 1.48B▲ 0% |
| Equity Growth % | -5.96% | -5.72% | -1.74% | -15.41% | -24.53% | -23.29% | -16.34% | 10.76% | -20.57% | -68.37% |
| Shareholders Equity | 3.33B | 3B | 2.96B | 2.35B | 1.58B | 1.11B | 1.54B | 1.75B | 1.4B | 1.41B |
| Minority Interest | 1.06B | 1.14B | 1.1B | 1.08B | 1.01B | 879M | 127M | 97M | 65.95M | 69.18M |
| Common Stock | 3.09B | 3.06B | 2.98B | 2.9B | 2.9B | 2.86B | 3.29B | 3.18B | 3.17B | 3.18B |
| Additional Paid-in Capital | 10M | 11M | 42M | 38M | 46M | 41M | 41M | 42M | 41.97M | 27.07M |
| Retained Earnings | -1.21B | -1.5B | -1.46B | -1.83B | -2.45B | -2.51B | -2.57B | -2.46B | -2.73B | -2.75B |
| Accumulated OCI | 489M | 481M | 454M | 302M | 146M | -222M | -164M | 41M | -23.98M | 2.01M |
| Return on Assets (ROA) | -1.5% | -2.01% | 0.87% | -2.98% | -5.66% | 0.5% | 7.16% | 2.52% | -1.52% | -1.94% |
| Return on Equity (ROE) | -3.54% | -4.65% | 2% | -7.66% | -17.81% | 2.18% | 38.05% | 13.06% | -8.34% | -11% |
| Debt / Equity | 0.85x | 0.79x | 0.87x | 1.07x | 1.39x | 2.02x | 2.29x | 2.47x | 3.06x | 3.06x |
| Debt / Assets | 35.98% | 34.65% | 37.21% | 37.87% | 39.04% | 37.31% | 44.04% | 47.99% | 51.77% | 50.79% |
| Net Debt / EBITDA | 3.90x | 3.55x | 3.00x | 4.27x | 5.53x | 2.54x | 2.03x | 3.78x | 10.15x | 10.15x |
| Book Value per Share | 15.23 | 14.4 | 14.35 | 12.49 | 9.57 | 7.34 | 6.03 | 6.23 | 4.93 | 4.98 |
TransAlta Corporation (TAC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 626M | 820M | 849M | 702M | 1B | 877M | 1.46B | 796M | 645.47M | 645.47M |
| Operating CF Growth % | -15.86% | 30.99% | 3.54% | -17.31% | 42.59% | -12.39% | 66.93% | -45.63% | -18.91% | 1684.3% |
| Operating CF / Revenue % | 27.13% | 36.46% | 36.17% | 33.41% | 36.79% | 29.47% | 43.64% | 27.98% | 26.85% | 29.17% |
| Net Income | -118M | -90M | 176M | -253M | -425M | 161M | 796M | 239M | -137.89M | -170.94M |
| Depreciation & Amortization | 708M | 710M | 709M | 798M | 719M | 599M | 621M | 531M | 0 | 416.3M |
| Deferred Taxes | -15M | -34M | -18M | -85M | -11M | 127M | 34M | -63M | 0 | -41.02M |
| Other Non-Cash Items | 156M | 116M | -136M | 153M | 544M | 285M | -111M | 51M | 780.36M | 429.79M |
| Working Capital Changes | -114M | -44M | 121M | 89M | 174M | -316M | 124M | 38M | 3M | 138.97M |
| Capital Expenditures | -389M | -297M | -431M | -500M | -489M | -949M | -888M | -520M | -410.67M | -383.22M |
| CapEx / Revenue % | 16.86% | 13.21% | 18.36% | 23.13% | 17.64% | 31.89% | 26.08% | 18.28% | 17.08% | 17.27% |
| CapEx / D&A | 0.55x | 0.42x | 0.61x | 0.61x | 0.67x | 1.58x | 1.41x | 0.98x | - | 0.92x |
| CapEx Coverage (OCF/CapEx) | 1.61x | 2.76x | 1.97x | 1.44x | 2.09x | 0.92x | 1.67x | 1.53x | 1.57x | 1.69x |
| Cash from Investing | 87M | -394M | -512M | -687M | -472M | -741M | -814M | -520M | -410.67M | -381.2M |
| Acquisitions | 478M | -28M | -200M | -32M | 8M | -10M | -13M | -217M | 7.99M | -101.28M |
| Purchase of Investments | -48M | 20M | -1M | -102M | -6M | -10M | -13M | -5M | 0 | -2M |
| Sale of Investments | 6M | 2M | 3M | 2M | 0 | 27M | 18M | 1M | 0 | 9.02M |
| Other Investing | 40M | -91M | 117M | -69M | 6M | 201M | 69M | 12M | -158.87M | -36.95M |
| Cash from Financing | -703M | -651M | -14M | 272M | -282M | 45M | -1.43B | -291M | -361.7M | -365.79M |
| Dividends Paid | -86M | -86M | -85M | -86M | -87M | -97M | -109M | -123M | -125.9M | -127.06M |
| Dividend Payout Ratio % | - | - | 54.88% | - | - | 108% | 8.35% | 31% | - | - |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -2M |
| Stock Issued | 0 | 0 | 0 | 0 | 8M | 3M | 5M | 12M | 3M | 999.18K |
| Share Repurchases | 0 | -23M | -68M | -57M | -4M | -52M | -87M | -143M | -23.98M | -21M |
| Other Financing | -72M | -2M | -141M | -118M | -158M | -160M | -1.06B | -43M | -21.98M | -22.99M |
| Net Change in Cash | 9M▲ 0% | -225M▼ 2600.0% | 322M▲ 243.1% | 292M▼ 9.3% | 244M▼ 16.4% | 187M▼ 23.4% | -786M▼ 520.3% | -11M▲ 98.6% | -104.35M▼ 848.6% | 26.4M▲ 0% |
| Exchange Rate Effect | -1M | 0 | -1M | 5M | -3M | 6M | -4M | 4M | 22.55M | 7.28M |
| Cash at Beginning | 305M | 314M | 89M | 411M | 703M | 947M | 1.13B | 348M | 387.12M | 287.39M |
| Cash at End | 314M | 89M | 411M | 703M | 947M | 1.13B | 348M | 337M | 282.77M | 334.86M |
| Free Cash Flow | 237M▲ 0% | 523M▲ 120.7% | 418M▼ 20.1% | 202M▼ 51.7% | 512M▲ 153.5% | -72M▼ 114.1% | 576M▲ 900.0% | 276M▼ 52.1% | 234.81M▼ 14.9% | 382.9M▲ 0% |
| FCF Growth % | -35.07% | 120.68% | -20.08% | -51.67% | 153.47% | -114.06% | 900% | -52.08% | -14.92% | 950.89% |
| FCF Margin % | 10.27% | 23.25% | 17.81% | 9.61% | 18.82% | -2.42% | 17.17% | 9.7% | 9.77% | 17.3% |
| FCF / Net Income % | -148.13% | -264.14% | 509.76% | -70.38% | -95.34% | -144% | 82.88% | 120.52% | -170.29% | -224% |
TransAlta Corporation (TAC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -3.54% | -4.65% | 2% | -7.66% | -17.81% | 2.18% | 38.05% | 13.06% | -8.34% | -11% |
| EBITDA Margin | 37.67% | 39.75% | 44.48% | 33.27% | 17.64% | 37.97% | 50.97% | 39.23% | 17.21% | 23.6% |
| Net Debt / EBITDA | 3.90x | 3.55x | 3.00x | 4.27x | 5.53x | 2.54x | 2.03x | 3.78x | 10.15x | 10.15x |
| Interest Coverage | 0.90x | 0.46x | 3.04x | -0.66x | -0.78x | 2.67x | 5.15x | 2.28x | -0.77x | - |
| CapEx / Revenue | 16.86% | 13.21% | 18.36% | 23.13% | 17.64% | 31.89% | 26.08% | 18.28% | 17.08% | 17.27% |
| Dividend Payout Ratio | - | - | 54.88% | - | - | 108% | 8.35% | 31% | - | -52.09% |
| Debt / Equity | 0.85x | 0.79x | 0.87x | 1.07x | 1.39x | 2.02x | 2.29x | 2.47x | 3.06x | 3.06x |
| EPS Growth | -236.59% | -23.21% | 189.86% | -248.39% | -70.65% | 137.58% | 294.92% | -74.25% | -206.67% | -7361% |
TransAlta Corporation (TAC) stock FAQ — growth, dividends, profitability & financials explained
TransAlta Corporation (TAC) reported $2.21B in revenue for fiscal year 2025. This represents a 31% increase from $1.69B in 1997.
TransAlta Corporation (TAC) saw revenue decline by 15.5% over the past year.
TransAlta Corporation (TAC) reported a net loss of $170.9M for fiscal year 2025.
Yes, TransAlta Corporation (TAC) pays a dividend with a yield of 1.43%. This makes it attractive for income-focused investors.
TransAlta Corporation (TAC) has a return on equity (ROE) of -8.3%. Negative ROE indicates the company is unprofitable.
TransAlta Corporation (TAC) generated $382.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
TransAlta Corporation (TAC) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
TransAlta Corporation (TAC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates