Last 20 quarters of trend data · Industrials · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 | Q1 '19 | Q4 '18 | Q3 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.32 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.24 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.90 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 9.78 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 14.14 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TransCanada PipeLines Limited 6's operating margin was 39.5% in Q3 2021, down 2.7 pp QoQ and down 3.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 42.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 7.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 | Q1 '19 | Q4 '18 | Q3 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.1% | 45.4% | 48.5% | 53.6% | 47.2% | 49.2% | 53.3% | 46.4% | 48.2% | 49.3% | 48.5% | 47.4% | 43.5% |
| — | -7.8% | -8.9% | +15.6% | -1.9% | -0.1% | +9.8% | -2.0% | +10.8% | +11.3% | +16.8% | +27.0% | +19.5% | |
| Operating Margin | 42.5% | 39.5% | 42.2% | 47.7% | 41.7% | 42.8% | 48.0% | 40.8% | 42.4% | 43.7% | 43.1% | 43.6% | 39.4% |
| — | -7.7% | -12.1% | +17.0% | -1.7% | -2.1% | +11.2% | -6.5% | +7.6% | +11.0% | +16.1% | +29.9% | +21.4% | |
| Net Margin | 31.9% | 25.0% | 32.8% | -30.9% | 30.2% | 42.8% | 35.8% | 35.8% | 25.4% | 36.0% | 30.1% | 32.3% | 31.0% |
| — | -41.6% | -8.5% | -186.2% | +18.8% | +18.8% | +19.2% | +10.9% | -18.1% | +34.3% | +33.3% | +16.7% | +57.6% |
| Metric | TTM | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 | Q1 '19 | Q4 '18 | Q3 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.4% | 2.5% | 3.2% | -3.2% | 2.8% | 3.9% | 3.4% | 3.6% | 2.4% | 3.7% | 3.4% | 4.1% | 3.7% |
| — | -37.1% | -6.8% | -187.7% | +13.4% | +5.1% | +0.7% | -11.4% | -35.2% | +17.2% | +15.9% | +9.6% | +38.2% | |
| ROA | 4.3% | 0.8% | 1.0% | -1.0% | 0.9% | 1.3% | 1.1% | 1.2% | 0.8% | 1.2% | 1.1% | 1.2% | 1.0% |
| — | -39.6% | -7.4% | -189.2% | +19.5% | +8.1% | +2.9% | -2.8% | -25.4% | +32.1% | +22.1% | +10.3% | +39.6% | |
| ROIC | 5.2% | 1.1% | 1.2% | 1.5% | 1.2% | 1.2% | 1.4% | 1.2% | 1.2% | 1.3% | 1.4% | 1.5% | 1.2% |
| — | -3.8% | -10.5% | +20.5% | -1.3% | -10.0% | -3.8% | -18.0% | -2.6% | +7.8% | +5.3% | +20.2% | +4.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TransCanada PipeLines Limited 6's Debt/EBITDA ratio is 28.9x, up from 27.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 11.9% YoY to 0.51x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 | Q1 '19 | Q4 '18 | Q3 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.56 | 1.68 | 1.63 | 1.62 | 1.45 | 1.46 | 1.62 | 1.56 | 1.57 | 1.59 | 1.62 | 1.62 | 1.96 |
| — | +14.7% | +0.5% | +3.9% | -7.9% | -7.9% | +0.2% | -4.0% | -19.7% | -18.0% | -15.1% | +0.2% | +1.5% | |
| Debt / EBITDA | 6.31 | 28.87 | 27.00 | 23.32 | 25.36 | 25.82 | 24.83 | 26.09 | 26.44 | 24.69 | 24.02 | 21.95 | 28.55 |
| — | +11.8% | +8.8% | -10.6% | -4.1% | +4.6% | +3.4% | +18.9% | -7.4% | -12.4% | -9.5% | -16.4% | -3.4% | |
| Current Ratio | 0.59 | 0.51 | 0.61 | 0.81 | 0.51 | 0.58 | 0.51 | 0.59 | 0.75 | 0.44 | 0.37 | 0.40 | 0.35 |
| — | -11.9% | +18.7% | +36.4% | -32.2% | +33.2% | +39.5% | +49.5% | +117.1% | +12.7% | +21.9% | -16.3% | -17.8% | |
| Quick Ratio | 0.56 | 0.47 | 0.55 | 0.73 | 0.46 | 0.53 | 0.49 | 0.56 | 0.71 | 0.40 | 0.34 | 0.36 | 0.32 |
| — | -12.1% | +13.4% | +31.7% | -35.1% | +32.3% | +44.8% | +53.6% | +121.6% | +12.4% | +22.5% | -16.6% | -18.6% | |
| Interest Coverage | 2.20 | 2.06 | 2.24 | 3.47 | 2.42 | 2.57 | 2.82 | 1.56 | 2.32 | 2.55 | 2.70 | 3.09 | 2.17 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 20 years · Updated daily
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TransCanada PipeLines Limited 6's current P/E is 7.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TransCanada PipeLines Limited 6's current operating margin is 42.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TransCanada PipeLines Limited 6's business trajectory between earnings reports.