TC Energy Corporation(TRP)Earnings, Financials & Key Ratios
TRP•NYSE
29.2× P/E·Price updated Jun 19, 2026
AboutTC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.Show more
- Revenue$15.19B+10.3%
- EBITDA$9.48B+10.6%
- Net Income$3.52B-25.2%
- EPS (Diluted)3.27-26.2%
- Gross Margin50.03%+4.3%
- EBITDA Margin62.45%+0.3%
- Operating Margin44.23%+5.3%
- Net Margin23.15%-32.1%
- ROE9.35%-23.0%
TRP Key Insights
TC Energy Corporation (TRP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.5%
- ✓Healthy 5Y average net margin of 20.0%
✗Weaknesses
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TRP Price & Volume
TC Energy Corporation (TRP) stock price & volume — 10-year historical chart
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TRP Growth Metrics
TC Energy Corporation (TRP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3%
5 Years3.16%
3 Years7.26%
TTM23.32%
Profit CAGR
10 Years-
5 Years-5.3%
3 Years67.52%
TTM-25.11%
EPS CAGR
10 Years-
5 Years-7.16%
3 Years72.24%
TTM-26.35%
Return on Capital
10 Years6.1%
5 Years5.8%
3 Years5.68%
Last Year6.21%
TRP Recent Earnings
TC Energy Corporation (TRP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 1, 2026Metric
Actual
Est
EPS
$0.72+2.9%
$0.70
Rev
$2.0B-7.5%
$2.2B
Q1 2026
Feb 13, 2026Metric
Actual
Est
EPS
$0.70+7.7%
$0.65
Rev
$2.2B-24.8%
$3.0B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.56+0.0%
$0.56
Rev
$2.7B-9.6%
$2.9B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.59+5.4%
$0.56
Rev
$2.7B+46.1%
$1.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $0.72vs $0.70+2.9% | $2.0Bvs $2.2B-7.5% |
| Q1 2026 | Feb 13, 2026 | $0.70vs $0.65+7.7% | $2.2Bvs $3.0B-24.8% |
| Q4 2025 | Nov 6, 2025 | $0.56vs $0.56+0.0% | $2.7Bvs $2.9B-9.6% |
| Q3 2025 | Jul 31, 2025 | $0.59vs $0.56+5.4% | $2.7Bvs $1.9B+46.1% |
Based on last 12 quarters of dataView full earnings history →
TRP Peer Comparison
TC Energy Corporation (TRP) competitors in Natural Gas Pipelines and Storage — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ENB | 119.12B | 54.55 | 23.75 | 21.92% | 9.71% | 9.96% | 1.61 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 WMB | 89.43B | 73.12 | 34.17 | 13.78% | 23.82% | 18.98% | 1.96 | |
 ET | 64.51B | 18.75 | 13.89 | -0.05% | 6.21% | 11.56% | 1.45 | |
 EPD | 79.12B | 36.60 | 13.76 | -6.44% | 11.03% | 19.29% | 1.14 | |
 OKE | 53.57B | 85.03 | 15.69 | 55.42% | 10.04% | 15.86% | 1.45 | |
 TGE | 36.18M | 1.24 | 2.18 | -36.9% | 28.65% | 13.81% | 0.29 | |
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 |
Compare TRP vs Peers
TC Energy Corporation (TRP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRP Income Statement
TC Energy Corporation (TRP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 13.45B | 13.68B | 13.26B | 13B | 13.39B | 12.31B | 13.27B | 13.77B | 15.19B |
Revenue Growth % | 7.55% | 1.71% | -3.1% | -1.93% | 2.98% | -8.05% | 7.78% | 3.8% | 10.29% |
Cost of Goods Sold | 8.34B | 7.43B | 6.74B | 6.47B | 6.71B | 6.51B | 6.6B | 7.17B | 7.59B |
COGS % of Revenue | 62.03% | 54.31% | 50.86% | 49.76% | 50.1% | 52.9% | 49.74% | 52.03% | 49.97% |
Gross Profit | 5.11B▲ 0% | 6.25B▲ 22.4% | 6.51B▲ 4.2% | 6.53B▲ 0.3% | 6.68B▲ 2.3% | 5.8B▼ 13.2% | 6.67B▲ 15.0% | 6.61B▼ 0.9% | 7.6B▲ 15.0% |
Gross Margin % | 37.97% | 45.69% | 49.14% | 50.24% | 49.9% | 47.1% | 50.26% | 47.97% | 50.03% |
Gross Profit Growth % | 11.61% | 22.41% | 4.21% | 0.28% | 2.28% | -13.22% | 15.02% | -0.93% | 15.01% |
Operating Expenses | 569M | 569M | 727M | 727M | 774M | 727M | 781M | 820M | 880.28M |
OpEx % of Revenue | 4.23% | 4.16% | 5.48% | 5.59% | 5.78% | 5.91% | 5.89% | 5.95% | 5.8% |
Selling, General & Admin | 93M | 84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SG&A % of Revenue | 0.69% | 0.61% | - | - | - | - | - | - | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 476M | 485M | 727M | 727M | 774M | 727M | 781M | 820M | 880.28M |
Operating Income | 4.54B▲ 0% | 5.68B▲ 25.2% | 5.79B▲ 1.8% | 5.8B▲ 0.3% | 5.91B▲ 1.8% | 5.07B▼ 14.2% | 5.89B▲ 16.1% | 5.79B▼ 1.7% | 6.72B▲ 16.1% |
Operating Margin % | 33.73% | 41.53% | 43.65% | 44.65% | 44.12% | 41.19% | 44.37% | 42.02% | 44.23% |
Operating Income Growth % | 12.86% | 25.21% | 1.85% | 0.31% | 1.76% | -14.16% | 16.11% | -1.72% | 16.1% |
EBITDA | 6.59B | 8.03B | 8.25B | 8.39B | 8.43B | 7.65B | 8.66B | 8.57B | 9.48B |
EBITDA Margin % | 49.01% | 58.71% | 62.24% | 64.57% | 62.96% | 62.18% | 65.31% | 62.26% | 62.45% |
EBITDA Growth % | 10.62% | 21.83% | 2.73% | 1.75% | 0.41% | -9.18% | 13.21% | -1.05% | 10.62% |
D&A (Non-Cash Add-back) | 2.06B | 2.35B | 2.46B | 2.59B | 2.52B | 2.58B | 2.78B | 2.79B | 2.77B |
EBIT | 4.8B | 5.72B | 6.99B | 6.94B | 4.18B | 2.66B | 5.88B | 8.43B | 6.72B |
Net Interest Income | -1.38B | -1.81B | -1.6B | -2.03B | -1.9B | -1.79B | -2.01B | -1.98B | -3.19B |
Interest Income | 184M | 273M | 124.93M | 173.39M | 190M | 107.7M | 569M | 542M | 205.83M |
Interest Expense | 1.5B | 2.09B | 1.72B | 2.2B | 2.09B | 1.9B | 2.58B | 2.52B | 3.39B |
Other Income/Expense | -1.23B | -1.73B | -599M | -697M | -3.74B | -3.7B | -2.59B | 120M | -1.28B |
Pretax Income | 3.31B▲ 0% | 3.95B▲ 19.4% | 5.19B▲ 31.3% | 5.11B▼ 1.5% | 2.17B▼ 57.6% | 1.37B▼ 36.6% | 3.3B▲ 140.0% | 5.91B▲ 79.1% | 5.44B▼ 7.9% |
Pretax Margin % | 24.58% | 28.87% | 39.13% | 39.29% | 16.18% | 11.16% | 24.86% | 42.89% | 35.82% |
Income Tax | -89M | 432M | 754M | 194M | 120M | 589M | 842M | 922M | 1.14B |
Effective Tax Rate % | -2.69% | 10.94% | 14.54% | 3.8% | 5.54% | 42.87% | 25.53% | 15.61% | 20.9% |
Net Income | 3.16B▲ 0% | 3.7B▲ 17.3% | 4.14B▲ 11.8% | 4.62B▲ 11.5% | 1.96B▼ 57.6% | 748M▼ 61.7% | 2.92B▲ 290.6% | 4.7B▲ 60.8% | 3.52B▼ 25.2% |
Net Margin % | 23.47% | 27.06% | 31.23% | 35.51% | 14.6% | 6.08% | 22.02% | 34.12% | 23.15% |
Net Income Growth % | 1254.94% | 17.26% | 11.83% | 11.5% | -57.65% | -61.74% | 290.64% | 60.78% | -25.16% |
Net Income (Continuing) | 3.4B | 3.52B | 4.43B | 4.91B | 2.05B | 785M | 2.46B | 4.98B | 4.3B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 612M | 395M | -211.83M |
Minority Interest | 1.85B | 1.66B | 1.63B | 2.08B | 125M | 126M | 9.46B | 10.77B | 9.6B |
EPS (Diluted) | 3.43▲ 0% | 4.10▲ 19.5% | 4.27▲ 4.1% | 4.74▲ 11.0% | 1.86▼ 60.8% | 0.64▼ 65.6% | 2.75▲ 329.7% | 4.43▲ 61.1% | 3.27▼ 26.2% |
EPS Growth % | 2043.75% | 19.53% | 4.15% | 11.01% | -60.76% | -65.59% | 329.69% | 61.09% | -26.19% |
EPS (Basic) | 3.44 | 4.10 | 4.28 | 4.74 | 1.87 | 0.64 | 2.66 | 4.43 | 3.27 |
Diluted Shares Outstanding | 874M | 903M | 931M | 940M | 974M | 996M | 1.03B | 1.04B | 1.04B |
Basic Shares Outstanding | 920.41M | 944.39M | 969.56M | 973.84M | 973M | 995M | 1.03B | 1.04B | 1.04B |
Dividend Payout Ratio | 42.41% | 42.44% | 43.43% | 64.71% | 169.67% | 426.74% | 95.38% | 84.14% | 99.66% |
TRP Balance Sheet
TC Energy Corporation (TRP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 4.68B | 5.13B | 7.65B | 5.2B | 7.42B | 7.33B | 11.37B | 5.73B | 6.31B |
Cash & Short-Term Investments | 1.41B | 1.17B | 1.52B | 1.53B | 673M | 620M | 3.68B | 801M | 260.79M |
Cash Only | 1.09B | 446M | 1.34B | 1.53B | 673M | 620M | 3.68B | 801M | 260.79M |
Short-Term Investments | 323M | 720M | 180M | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 2.52B | 2.69B | 2.58B | 2.29B | 4.51B | 4.07B | 2.88B | 3.11B | 3.01B |
Days Sales Outstanding | 68.45 | 71.88 | 70.91 | 64.41 | 122.99 | 120.69 | 79.34 | 82.4 | 72.28 |
Inventory | 378M | 431M | 452M | 629M | 724M | 936M | 771M | 747M | 781.36M |
Days Inventory Outstanding | 16.54 | 21.18 | 24.47 | 35.5 | 39.4 | 52.46 | 42.65 | 38.05 | 37.58 |
Other Current Assets | 582M | 1.52B | 3.22B | 622M | 1.4B | 1.59B | 3.95B | 990M | 2.18B |
Total Non-Current Assets | 81.42B | 93.78B | 91.63B | 95.1B | 96.8B | 107.02B | 113.66B | 112.51B | 112.34B |
Property, Plant & Equipment | 57.28B | 66.5B | 67.2B | 70.01B | 70.22B | 77.93B | 71.95B | 80.14B | 71B |
Fixed Asset Turnover | 0.23x | 0.21x | 0.20x | 0.19x | 0.19x | 0.16x | 0.18x | 0.17x | 0.21x |
Goodwill | 13.08B | 14.18B | 12.89B | 12.68B | 12.58B | 12.84B | 12.53B | 13.67B | 13.01B |
Intangible Assets | 1.48B | 1.92B | 1.72B | 0 | 0 | 0 | 0 | 0 | 80.93M |
Long-Term Investments | 6.37B | 7.11B | 6.51B | 6.68B | 8.44B | 9.54B | 9.24B | 10.64B | 23.74B |
Other Non-Current Assets | 3.78B | 4.62B | 4.99B | 5.56B | 5.04B | 5.63B | 18.62B | 7.63B | 4.17B |
Total Assets | 86.1B▲ 0% | 98.92B▲ 14.9% | 99.28B▲ 0.4% | 100.3B▲ 1.0% | 104.22B▲ 3.9% | 114.35B▲ 9.7% | 125.03B▲ 9.3% | 118.24B▼ 5.4% | 118.65B▲ 0.3% |
Asset Turnover | 0.16x | 0.14x | 0.13x | 0.13x | 0.13x | 0.11x | 0.11x | 0.12x | 0.13x |
Asset Growth % | -2.21% | 14.89% | 0.36% | 1.03% | 3.91% | 9.72% | 9.35% | -5.43% | 0.35% |
Total Current Liabilities | 9.88B | 12.95B | 12.9B | 11.99B | 13.04B | 16.91B | 11.82B | 10.51B | 9.95B |
Accounts Payable | 2.85B | 3.22B | 3.31B | 3.06B | 4.18B | 4.33B | 3.09B | 3.7B | 3.26B |
Days Payables Outstanding | 124.55 | 158.4 | 179.41 | 172.51 | 227.64 | 242.7 | 171.02 | 188.43 | 156.79 |
Short-Term Debt | 4.63B | 6.22B | 7B | 6.15B | 6.49B | 8.16B | 2.94B | 3.34B | 2.8B |
Deferred Revenue (Current) | 0 | 0 | 61M | 129M | 90M | 62M | 47M | 30M | 45.96M |
Other Current Liabilities | 1.8B | 2.85B | 1.91B | 1.26B | 826M | 2.22B | 3.71B | 1.53B | 2.69B |
Current Ratio | 0.47x | 0.40x | 0.59x | 0.43x | 0.57x | 0.43x | 0.96x | 0.55x | 0.63x |
Quick Ratio | 0.44x | 0.36x | 0.56x | 0.38x | 0.51x | 0.38x | 0.90x | 0.47x | 0.56x |
Cash Conversion Cycle | -39.57 | -65.34 | -84.04 | -72.6 | -65.25 | -69.55 | -49.03 | -67.98 | -46.94 |
Total Non-Current Liabilities | 49.33B | 54.98B | 53.98B | 54.84B | 57.78B | 63.33B | 74.21B | 69.37B | 71.83B |
Long-Term Debt | 38.88B | 44.02B | 42.89B | 43.41B | 46.28B | 50.14B | 60.26B | 56.02B | 57.77B |
Capital Lease Obligations | 0 | 0 | 476M | 427M | 380M | 379M | 400M | 451M | 369.7M |
Deferred Tax Liabilities | 0 | 0 | 0 | 5.81B | 6.14B | 7.65B | 6.97B | 6.88B | 7.67B |
Other Non-Current Liabilities | 10.45B | 10.96B | 10.61B | 4.99B | 4.79B | 5.13B | 6.56B | 6.01B | 6.02B |
Total Liabilities | 59.21B | 67.93B | 66.88B | 66.83B | 70.82B | 80.23B | 86.03B | 79.88B | 81.79B |
Total Debt | 43.51B | 50.24B | 50.38B | 49.99B | 53.15B | 58.68B | 63.66B | 59.88B | 60.95B |
Net Debt | 42.42B | 49.8B | 49.03B | 48.46B | 52.47B | 58.06B | 59.98B | 59.08B | 60.69B |
Debt / Equity | 1.62x | 1.62x | 1.55x | 1.49x | 1.59x | 1.72x | 1.63x | 1.56x | 1.65x |
Debt / EBITDA | 6.60x | 6.26x | 6.11x | 5.95x | 6.31x | 7.67x | 7.35x | 6.98x | 6.43x |
Net Debt / EBITDA | 6.44x | 6.20x | 5.94x | 5.77x | 6.23x | 7.59x | 6.92x | 6.89x | 6.40x |
Interest Coverage | 3.21x | 2.74x | 4.06x | 3.16x | 2.00x | 1.40x | 2.28x | 3.34x | 1.98x |
Total Equity | 26.89B▲ 0% | 30.99B▲ 15.3% | 32.4B▲ 4.5% | 33.47B▲ 3.3% | 33.4B▼ 0.2% | 34.12B▲ 2.2% | 39.01B▲ 14.3% | 38.36B▼ 1.7% | 36.87B▼ 3.9% |
Equity Growth % | 3.49% | 15.25% | 4.53% | 3.32% | -0.23% | 2.16% | 14.34% | -1.66% | -3.89% |
Book Value per Share | 30.77 | 34.32 | 34.80 | 35.61 | 34.29 | 34.25 | 37.87 | 36.96 | 35.45 |
Total Shareholders' Equity | 25.04B | 29.34B | 30.76B | 31.4B | 33.27B | 33.99B | 29.55B | 27.59B | 27.27B |
Common Stock | 21.17B | 23.17B | 24.39B | 24.49B | 26.72B | 29B | 30B | 30.1B | 30.19B |
Retained Earnings | 1.62B | 2.77B | 3.96B | 5.37B | 3.77B | 819M | -3B | -5.24B | -5.92B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -1.73B | -606M | -1.56B | -2.44B | -1.43B | 955M | 49M | 233M | 746.39M |
Minority Interest | 1.85B | 1.66B | 1.63B | 2.08B | 125M | 126M | 9.46B | 10.77B | 9.6B |
TRP Cash Flow Statement
TC Energy Corporation (TRP) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 5.23B | 6.55B | 7.08B | 7.06B | 6.89B | 6.38B | 7.27B | 7.7B | 7.35B |
Operating CF Margin % | 38.89% | 47.92% | 53.43% | 54.3% | 51.47% | 51.79% | 54.78% | 55.89% | 48.36% |
Operating CF Growth % | 3.18% | 25.33% | 8.04% | -0.34% | -2.38% | -7.47% | 14.01% | 5.89% | -4.56% |
Net Income | 3.4B | 3.52B | 4.43B | 4.91B | 2.05B | 785M | 2.92B | 5.38B | 3.73B |
Depreciation & Amortization | 2.06B | 2.35B | 2.46B | 2.59B | 2.52B | 2.58B | 2.78B | 2.79B | 2.77B |
Stock-Based Compensation | 12M | 13M | 13M | 0 | 0 | 10M | 0 | 0 | 0 |
Deferred Taxes | -238M | 117M | 55M | -58M | -185M | 174M | 11M | 493M | 765.38M |
Other Non-Cash Items | 279M | 660M | -176M | -60M | 2.79B | 3.46B | 1.35B | -1.16B | 587.52M |
Working Capital Changes | -273M | -102M | 293M | -327M | -287M | -639M | 207M | 199M | -502.59M |
Change in Receivables | -576M | -69M | 31M | 129M | -925M | -575M | -394M | -13M | -331.73M |
Change in Inventory | -38M | -49M | -42M | -55M | -93M | -190M | -56M | -16M | -54.96M |
Change in Payables | 151M | -70M | 352M | -162M | 890M | -83M | -206M | 365M | 12.99M |
Cash from Investing | -3.7B | -10.02B | -6.87B | -6.05B | -7.71B | -7.01B | -12.29B | -6.91B | -6.46B |
Capital Expenditures | -7.53B | -9.91B | -8.18B | -8.13B | -5.92B | -6.73B | -8.15B | -6.36B | -5.28B |
CapEx % of Revenue | 55.98% | 72.48% | 61.73% | 62.58% | 44.25% | 54.65% | 61.42% | 46.17% | 34.78% |
Acquisitions | -1.68B | -1.01B | -975M | -765M | -1.21B | -3.43B | -307M | -4.68B | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 7.19B | 1.93B | 2.89B | 3.61B | 632M | 3.15B | -3.83B | 4.13B | -125.9M |
Cash from Financing | -1.42B | 2.75B | 693M | -800M | -88M | 487M | 8.09B | -3.87B | -1.51B |
Debt Issued (Net) | 26M | 3.5B | 2.61B | 1.57B | 4.47B | 2.94B | 5.81B | 378M | 2.83B |
Equity Issued (Net) | -931M | 1.15B | 253M | 91M | -352M | 905M | 4M | 88M | -145.88M |
Dividends Paid | -1.49B | -1.73B | -1.96B | -3.15B | -3.46B | -3.3B | -2.88B | -4.05B | -3.62B |
Share Repurchases | -1.21B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -249.8M |
Other Financing | 980M | -176M | -216M | 682M | -748M | -64M | 5.16B | -288M | -577.53M |
Net Change in Cash | 73M▲ 0% | -643M▼ 980.8% | 897M▲ 239.5% | 187M▼ 79.2% | -857M▼ 558.3% | -53M▲ 93.8% | 3.06B▲ 5869.8% | -2.88B▼ 194.1% | -625.01M▲ 78.3% |
Free Cash Flow | -2.3B▲ 0% | -3.36B▼ 46.1% | -1.1B▲ 67.3% | -1.08B▲ 2.1% | 966M▲ 189.7% | -352M▼ 136.4% | -881M▼ 150.3% | 1.34B▲ 251.9% | 2.08B▲ 55.4% |
FCF Margin % | -17.09% | -24.56% | -8.3% | -8.29% | 7.22% | -2.86% | -6.64% | 9.72% | 13.69% |
FCF Growth % | -886.7% | -46.11% | 67.25% | 2.09% | 189.69% | -136.44% | -150.28% | 251.87% | 55.4% |
FCF per Share | -2.63 | -3.72 | -1.18 | -1.15 | 0.99 | -0.35 | -0.86 | 1.29 | 2.00 |
FCF Conversion (FCF/Net Income) | 1.66x | 1.77x | 1.71x | 1.53x | 3.52x | 8.52x | 2.49x | 1.64x | 2.09x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TRP Key Ratios
TC Energy Corporation (TRP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 1.06% | 11.94% | 12.79% | 13.06% | 14.02% | 5.85% | 2.22% | 7.99% | 12.14% | 9.35% |
Return on Invested Capital (ROIC) | 4.93% | 4.89% | 5.68% | 5.35% | 5.33% | 5.28% | 4.27% | 4.62% | 4.42% | 5.17% |
Gross Margin | 36.59% | 37.97% | 45.69% | 49.14% | 50.24% | 49.9% | 47.1% | 50.26% | 47.97% | 50.03% |
Net Margin | 1.86% | 23.47% | 27.06% | 31.23% | 35.51% | 14.6% | 6.08% | 22.02% | 34.12% | 23.15% |
Debt / Equity | 1.73x | 1.62x | 1.62x | 1.55x | 1.49x | 1.59x | 1.72x | 1.63x | 1.56x | 1.65x |
Interest Coverage | 1.51x | 3.21x | 2.74x | 4.06x | 3.16x | 2.00x | 1.40x | 2.28x | 3.34x | 1.98x |
FCF Conversion | 21.76x | 1.66x | 1.77x | 1.71x | 1.53x | 3.52x | 8.52x | 2.49x | 1.64x | 2.09x |
Revenue Growth | 10.66% | 7.55% | 1.71% | -3.1% | -1.93% | 2.98% | -8.05% | 7.78% | 3.8% | 10.29% |
Related:TRP Dividend History·TRP Revenue History·TRP Price History·TRP P/E History·TRP Financial Ratios·TRP Institutional Holders
TRP Frequently Asked Questions
TC Energy Corporation (TRP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TC Energy Corporation (TRP) reported $15.14B in revenue for fiscal year 2025. This represents a 28% decrease from $21.16B in 2000.
TC Energy Corporation (TRP) grew revenue by 10.3% over the past year. This is steady growth.
Yes, TC Energy Corporation (TRP) is profitable, generating $3.52B in net income for fiscal year 2025 (23.2% net margin).
Dividend & Returns
Yes, TC Energy Corporation (TRP) pays a dividend with a yield of 3.53%. This makes it attractive for income-focused investors.
TC Energy Corporation (TRP) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.
TC Energy Corporation (TRP) generated $2.06B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.