TransAlta Corporation (TAC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TAC Revenue Growth
Revenue Breakdown
TAC's revenue distribution by segment and geography
By Geography
TAC Revenue Analysis (2014–2025)
As of May 8, 2026, TransAlta Corporation (TAC) generated trailing twelve-month (TTM) revenue of $2.21 billion, reflecting significant decline in growth of -25.3% year-over-year. The most recent quarter (Q1 2026) recorded $566.5 million in revenue, down 5.4% sequentially.
Looking at the longer-term picture, TAC's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $3.35 billion in 2023.
When compared to Utilities sector peers including NRG (+10.6% YoY), VST (-20.9% YoY), and CWEN (+4.2% YoY), TAC has underperformed the peer group in terms of revenue growth. Compare TAC vs NRG →
TAC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TACCurrent | $2.2B | -25.3% | +2.7% | -9.2% | |
 NRG | $30.7B | +10.6% | +27.6% | 6.0% | |
 VST | $17.0B | -20.9% | +8.9% | 7.9% | |
 CWEN | $1.4B | +4.2% | +3.6% | 12.3% | |
 BEP | $6.5B | +9.4% | +11.3% | 13.4% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% |
TAC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.40B | -15.5% | $784.4M | 32.6% | $-221,819,084 | -9.2% |
| 2024 | $2.85B | -15.2% | $1.79B | 63.1% | $585.0M | 20.6% |
| 2023 | $3.35B | +12.7% | $2.18B | 65.1% | $1.09B | 32.5% |
| 2022 | $2.98B | +9.4% | $1.64B | 54.9% | $531.0M | 17.8% |
| 2021 | $2.72B | +29.5% | $1.49B | 54.7% | $-239,000,000 | -8.8% |
| 2020 | $2.10B | -10.5% | $1.13B | 53.9% | $-99,000,000 | -4.7% |
| 2019 | $2.35B | +4.4% | $1.26B | 53.7% | $335.0M | 14.3% |
| 2018 | $2.25B | -2.5% | $1.15B | 51.1% | $160.0M | 7.1% |
| 2017 | $2.31B | -3.8% | $1.29B | 56.0% | $138.0M | 6.0% |
| 2016 | $2.40B | +5.7% | $1.43B | 59.8% | $478.0M | 19.9% |
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Start ComparisonTAC — Frequently Asked Questions
Quick answers to the most common questions about buying TAC stock.
Is TAC's revenue growth accelerating or slowing?
TAC revenue declined -25.3% year-over-year, contrasting with the 5-year CAGR of +2.7%. TTM revenue fell to $2.2B. This reverses the prior growth trend.
What is TAC's long-term revenue growth rate?
TransAlta Corporation's 5-year revenue CAGR of +2.7% reflects the variable expansion pattern. Current YoY growth of -25.3% is below this long-term average.
How is TAC's revenue distributed by segment?
TAC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.