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TAC logoTransAlta Corporation(TAC)Earnings, Financials & Key Ratios

TAC•NYSE•Utilities
$12.79
$3.8B mkt cap·Price updated May 6, 2026
SectorUtilitiesIndustryIndependent PowerSub-IndustryMerchant and Diversified Power Producers
AboutTransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.Show more
  • Revenue$2.4B-15.5%
  • EBITDA$414M-62.9%
  • Net Income-$138M-160.2%
  • Free Cash Flow$235M-14.9%
  • EBITDA Margin17.21%-56.1%
  • Net Margin-5.74%-171.3%
  • ROE-8.34%-163.9%
  • Interest Coverage-0.77-133.6%
  • Debt/Equity3.06+23.7%
  • Net Debt/EBITDA10.15+168.2%
  • CapEx / Revenue17.08%-6.5%
  • CapEx Coverage1.57+2.7%
Technical→

TAC Key Insights

TransAlta Corporation (TAC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗High debt to equity ratio of 3.1x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗High leverage: 10.8x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TAC Price & Volume

TransAlta Corporation (TAC) stock price & volume — 10-year historical chart

Loading chart...

TAC Growth Metrics

TransAlta Corporation (TAC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.59%
5 Years2.73%
3 Years-6.87%
TTM-15.48%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-160.25%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-214.29%

Return on Capital

10 Years3.5%
5 Years4.8%
3 Years6.66%
Last Year-3.23%

TAC Recent Earnings

TransAlta Corporation (TAC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
EPS
$0.03
Est $0.01
+187.6%
Revenue
$406M
Est $436M
-6.9%
Q1 2026
Feb 27, 2026
EPS
$0.04
Est $0.05
-180.0%
Revenue
$436M
Est $493M
-11.6%
Q4 2025
Nov 6, 2025
EPS
$0.01
Est $0.06
-116.7%
Revenue
$441M
Est $559M
-21.1%
Q3 2025
Aug 1, 2025
EPS
$0.13
Est $0.07
+85.7%
Revenue
$318M
Est $474M
-32.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.03vs $0.01+187.6%
$406Mvs $436M-6.9%
Q1 2026Feb 27, 2026
$0.04vs $0.05-180.0%
$436Mvs $493M-11.6%
Q4 2025Nov 6, 2025
$0.01vs $0.06-116.7%
$441Mvs $559M-21.1%
Q3 2025Aug 1, 2025
$0.13vs $0.07+85.7%
$318Mvs $474M-32.9%
Based on last 12 quarters of dataView full earnings history →

TAC Peer Comparison

TransAlta Corporation (TAC) competitors in Merchant and Diversified Power Producers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NRG logoNRGNRG Energy, Inc.Direct Competitor32.32B150.6437.579.17%0.74%8.84%9.97
VST logoVSTVistra Corp.Direct Competitor53.59B158.2971.62-12.41%5.64%18.87%3.99
CWEN logoCWENClearway Energy, Inc.Direct Competitor7.91B38.4927.114.23%11.83%2.98%1.72
BEP logoBEPBrookfield Renewable Partners L.P.Direct Competitor10.55B34.49-511.7210.95%3.3%0.63%1.02
AES logoAESThe AES CorporationProduct Competitor10.23B14.3411.38-0.37%8.42%10.65%2.54
NEE logoNEENextEra Energy, Inc.Product Competitor198.92B95.3928.9911%29.3%12.66%1.44
CLNE logoCLNEClean Energy Fuels Corp.Product Competitor491.3M2.24-2.222.16%-52.22%-39.29%0.18
RUN logoRUNSunrun Inc.Product Competitor3.01B12.837.5045.11%17.9%12.42%2.99

Compare TAC vs Peers

TransAlta Corporation (TAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NRG

Most directly comparable listed peer for TAC.

Scale Benchmark

vs GE

Larger-name benchmark to compare TAC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NRG, VST, CWEN, BEP

TAC Income Statement

TransAlta Corporation (TAC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue2.31B2.25B2.35B2.1B2.72B2.98B3.35B2.85B2.4B
Revenue Growth %-3.75%-2.51%4.36%-10.48%29.51%9.37%12.74%-15.2%-15.5%
Cost of Revenue1.02B1.1B1.09B968M1.23B1.34B1.17B1.05B1.62B
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%
Gross Margin %55.96%51.09%53.73%53.93%54.72%54.94%65.07%63.06%32.63%
Gross Profit Growth %-9.97%-11%9.75%-10.15%31.42%9.81%33.52%-17.82%-56.28%
Operating Expenses1.13B916M926M1.23B1.73B1.1B1.09B1.21B1.01B
Other Operating Expenses---------
EBITDA869M894M1.04B699M480M1.13B1.71B1.12B413.66M
EBITDA Margin %37.67%39.75%44.48%33.27%17.64%37.97%50.97%39.23%17.21%
EBITDA Growth %-25.15%2.88%16.78%-33.05%-31.33%135.42%51.33%-34.74%-62.93%
Depreciation & Amortization731M734M709M798M719M599M621M531M635.48M
D&A / Revenue %31.69%32.64%30.21%37.98%26.42%20.13%18.51%18.66%26.43%
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%
Operating Margin %5.98%7.11%14.27%-4.71%-8.78%17.84%32.46%20.56%-9.23%
Operating Income Growth %-71.13%15.94%109.38%-129.55%-141.41%322.18%105.08%-46.28%-137.92%
Interest Expense175.59M224M125.7M167.97M213M212M212M250M289.76M
Interest Coverage0.90x0.46x3.04x-0.66x-0.78x2.67x5.15x2.28x-0.77x
Interest / Revenue %7.61%9.96%5.36%7.99%7.83%7.12%6.32%8.79%12.05%
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K1000K
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%
Pretax Margin %-2.34%-4.27%8.22%-14.42%-13.97%11.86%26.23%11.21%-5.86%
Income Tax64M-6M17M-50M45M192M84M80M16.99M
Effective Tax Rate %-118.52%6.25%8.81%16.5%-11.84%54.39%9.55%25.08%-12.06%
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%
Net Margin %-6.94%-8.8%3.49%-13.66%-19.74%1.68%20.72%8.05%-5.74%
Net Income Growth %-194.67%-23.75%141.41%-450%-87.11%109.31%1290%-67.05%-160.21%
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%
EPS Growth %-236.59%-23.21%189.86%-248.39%-70.65%137.58%294.92%-74.25%-206.67%
EPS (Basic)-0.56-0.690.62-0.92-1.570.592.330.60-0.64
Diluted Shares Outstanding288M287M283M275M271M271M276M296M297M

TAC Balance Sheet

TransAlta Corporation (TAC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets10.3B9.43B9.51B9.75B9.23B10.74B8.66B9.5B8.65B
Asset Growth %-6.29%-8.5%0.85%2.51%-5.35%16.42%-19.38%9.7%-8.9%
PP&E (Net)6.58B6.16B6.35B5.96B5.42B5.72B5.83B6.17B5.77B
PP&E / Total Assets %63.84%65.38%66.82%61.18%58.69%53.27%67.34%64.95%66.69%
Total Current Assets1.71B1.31B1.34B1.9B2.2B3.71B1.58B1.77B1.33B
Cash & Equivalents314M89M411M703M947M1.13B348M337M282.77M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory219M242M251M238M167M157M157M134M110.91M
Other Current Assets286M317M240M396M458M1.1B456M659M242.8M
Long-Term Investments1.08B1.04B0100M105M129M138M159M592.52M
Goodwill463M464M464M463M463M464M464M517M515.58M
Intangible Assets364M373M318M313M256M252M223M281M242.8M
Other Assets83M47M1.01B955M726M410M402M547M155.87M
Total Liabilities5.92B5.29B5.45B6.31B6.63B8.75B7B7.66B7.19B
Total Debt3.71B3.27B3.54B3.69B3.6B4.01B3.81B4.56B4.48B
Net Debt3.39B3.18B3.13B2.99B2.65B2.87B3.46B4.22B4.2B
Long-Term Debt2.91B3.07B2.9B3.46B2.67B3.69B3.14B3.09B3.42B
Short-Term Borrowings729M130M494M97M837M186M529M1.32B924.25M
Capital Lease Obligations69M63M142M134M100M135M143M151M140.89M
Total Current Liabilities1.61B873M1.12B935M1.93B2.89B1.74B2.57B1.83B
Accounts Payable595M496M413M599M654M1.07B772M694M547.55M
Accrued Expenses0-7M0017M17M16M17M0
Deferred Revenue165M10M1M1M19M8M3M12M25.98M
Other Current Liabilities168M153M139M153M309M1.2B349M361M345.72M
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities1.35B1.3B818M1.38B1.58B1.56B1.5B1.31B1.36B
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%
Equity Growth %-5.96%-5.72%-1.74%-15.41%-24.53%-23.29%-16.34%10.76%-20.57%
Shareholders Equity3.33B3B2.96B2.35B1.58B1.11B1.54B1.75B1.4B
Minority Interest1.06B1.14B1.1B1.08B1.01B879M127M97M65.95M
Common Stock3.09B3.06B2.98B2.9B2.9B2.86B3.29B3.18B3.17B
Additional Paid-in Capital10M11M42M38M46M41M41M42M41.97M
Retained Earnings-1.21B-1.5B-1.46B-1.83B-2.45B-2.51B-2.57B-2.46B-2.73B
Accumulated OCI489M481M454M302M146M-222M-164M41M-23.98M
Return on Assets (ROA)-1.5%-2.01%0.87%-2.98%-5.66%0.5%7.16%2.52%-1.52%
Return on Equity (ROE)-3.54%-4.65%2%-7.66%-17.81%2.18%38.05%13.06%-8.34%
Debt / Equity0.85x0.79x0.87x1.07x1.39x2.02x2.29x2.47x3.06x
Debt / Assets35.98%34.65%37.21%37.87%39.04%37.31%44.04%47.99%51.77%
Net Debt / EBITDA3.90x3.55x3.00x4.27x5.53x2.54x2.03x3.78x10.15x
Book Value per Share15.2314.414.3512.499.577.346.036.234.93

TAC Cash Flow Statement

TransAlta Corporation (TAC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations626M820M849M702M1B877M1.46B796M645.47M
Operating CF Growth %-15.86%30.99%3.54%-17.31%42.59%-12.39%66.93%-45.63%-18.91%
Operating CF / Revenue %27.13%36.46%36.17%33.41%36.79%29.47%43.64%27.98%26.85%
Net Income-118M-90M176M-253M-425M161M796M239M-137.89M
Depreciation & Amortization708M710M709M798M719M599M621M531M0
Deferred Taxes-15M-34M-18M-85M-11M127M34M-63M0
Other Non-Cash Items156M116M-136M153M544M285M-111M51M780.36M
Working Capital Changes-114M-44M121M89M174M-316M124M38M3M
Capital Expenditures-389M-297M-431M-500M-489M-949M-888M-520M-410.67M
CapEx / Revenue %16.86%13.21%18.36%23.13%17.64%31.89%26.08%18.28%17.08%
CapEx / D&A0.55x0.42x0.61x0.61x0.67x1.58x1.41x0.98x-
CapEx Coverage (OCF/CapEx)1.61x2.76x1.97x1.44x2.09x0.92x1.67x1.53x1.57x
Cash from Investing87M-394M-512M-687M-472M-741M-814M-520M-410.67M
Acquisitions478M-28M-200M-32M8M-10M-13M-217M7.99M
Purchase of Investments-48M20M-1M-102M-6M-10M-13M-5M0
Sale of Investments6M2M3M2M027M18M1M0
Other Investing40M-91M117M-69M6M201M69M12M-158.87M
Cash from Financing-703M-651M-14M272M-282M45M-1.43B-291M-361.7M
Dividends Paid-86M-86M-85M-86M-87M-97M-109M-123M-125.9M
Dividend Payout Ratio %--54.88%--108%8.35%31%-
Debt Issuance (Net)-1000K-1000K1000K1000K-1000K1000K-1000K1000K-1000K
Stock Issued00008M3M5M12M3M
Share Repurchases0-23M-68M-57M-4M-52M-87M-143M-23.98M
Other Financing-72M-2M-141M-118M-158M-160M-1.06B-43M-21.98M
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%
Exchange Rate Effect-1M0-1M5M-3M6M-4M4M22.55M
Cash at Beginning305M314M89M411M703M947M1.13B348M387.12M
Cash at End314M89M411M703M947M1.13B348M337M282.77M
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%
FCF Growth %-35.07%120.68%-20.08%-51.67%153.47%-114.06%900%-52.08%-14.92%
FCF Margin %10.27%23.25%17.81%9.61%18.82%-2.42%17.17%9.7%9.77%
FCF / Net Income %-148.13%-264.14%509.76%-70.38%-95.34%-144%82.88%120.52%-170.29%

TAC Key Ratios

TransAlta Corporation (TAC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)3.73%-3.54%-4.65%2%-7.66%-17.81%2.18%38.05%13.06%-8.34%
EBITDA Margin48.44%37.67%39.75%44.48%33.27%17.64%37.97%50.97%39.23%17.21%
Net Debt / EBITDA3.49x3.90x3.55x3.00x4.27x5.53x2.54x2.03x3.78x10.15x
Interest Coverage2.14x0.90x0.46x3.04x-0.66x-0.78x2.67x5.15x2.28x-0.77x
CapEx / Revenue15.81%16.86%13.21%18.36%23.13%17.64%31.89%26.08%18.28%17.08%
Dividend Payout Ratio40.83%--54.88%--108%8.35%31%-
Debt / Equity0.94x0.85x0.79x0.87x1.07x1.39x2.02x2.29x2.47x3.06x
EPS Growth555.56%-236.59%-23.21%189.86%-248.39%-70.65%137.58%294.92%-74.25%-206.67%

TAC Frequently Asked Questions

TransAlta Corporation (TAC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

TransAlta Corporation (TAC) reported $2.40B in revenue for fiscal year 2025. This represents a 43% 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 $138.0M for fiscal year 2025.

Dividend & Returns

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 $238.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

TransAlta Corporation (TAC) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

Explore More TAC

TransAlta Corporation (TAC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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