TRPNYSENatural Gas TransmissionFiscal year ends December 31Also trades as TCANF, TCENF, TCEYF, TNCAF, TRPEF, TRPPF, TRPRF
TC ENERGY CORP
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 13, 2026
$60.69−1.05 (-1.70%)
Close on Oct 19, 2026
Tc Energy statistics
Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Natural Gas Transmission companies for comparison
Income (trailing twelve months)
| Measure | Tc Energy | Industry median |
|---|---|---|
| Revenue | C$15.24B | C$9.04B |
| Gross Profit | C$15.03B | C$4.56B |
| Operating Income | C$8.04B | C$2.87B |
| Pretax Income | C$5.44B | C$1.57B |
| Net Income | C$3.52B | |
| EBITDA | C$10.81B | C$4.41B |
| EPS (Diluted) | 3.27 CAD | 3.33 CAD |
Margins
| Measure | Tc Energy | Industry median |
|---|---|---|
| Gross Margin | 98.6% | 59.0% |
| Operating Margin | 52.7% | 26.7% |
| Pretax Margin | 35.7% | 17.3% |
| Profit Margin | 23.1% | |
| EBITDA Margin | 70.9% | 41.4% |
Returns
| Measure | Tc Energy | Industry median |
|---|---|---|
| Return on Equity (ROE) | 12.8% | |
| Return on Assets (ROA) | 2.97% | |
| Return on Invested Capital (ROIC) | 21.8% | 5.92% |
| Return on Capital Employed (ROCE) | 7.39% | 5.70% |
Growth
| Measure | Tc Energy | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 10.7% | 7.19% |
| Net Income Growth (YoY) | -25.1% | |
| EPS Growth (YoY) | -26.2% | 4.94% |
| Revenue Growth (3Y CAGR) | 7.38% | 4.97% |
| Revenue Growth (5Y CAGR) | 3.23% | 5.39% |
| EPS Growth (3Y CAGR) | 72.2% | |
| EPS Growth (5Y CAGR) | -7.16% |
Balance sheet
| Measure | Tc Energy | Industry median |
|---|---|---|
| Cash & Short-Term Investments | C$168.00M | C$349.00M |
| Total Debt | C$1.55B | C$19.12B |
| Net Cash (Debt) | -C$1.38B | -C$18.57B |
| Net Cash Per Share | -1.32 CAD | -30.96 CAD |
| Equity (Book Value) | C$27.30B | C$13.38B |
| Book Value Per Share | 26.22 CAD | 25.71 CAD |
| Tangible Book Value | C$14.28B | C$7.91B |
| Working Capital | -C$3.64B | -C$2.24B |
Financial position
| Measure | Tc Energy | Industry median |
|---|---|---|
| Current Ratio | 0.63 | 0.61 |
| Quick Ratio | 0.30 | 0.30 |
| Debt / Equity | 0.06 | 1.51 |
| Debt / EBITDA | 0.14 | 5.56 |
| Net Debt / EBITDA | 0.13 | 5.40 |
| Interest Coverage | 2.36 | 2.04 |
Cash flow (trailing twelve months)
| Measure | Tc Energy | Industry median |
|---|---|---|
| Operating Cash Flow | C$7.35B | C$2.70B |
Efficiency
| Measure | Tc Energy | Industry median |
|---|---|---|
| Asset Turnover | 0.13 | 0.20 |
| Inventory Turnover | 0.27 | |
| Revenue Per Employee | C$2.52M | |
| Profits Per Employee | C$580.79K | |
| Employee Count | 6,059 |
Dividends and yields
| Measure | Tc Energy | Industry median |
|---|---|---|
| Dividend Per Share | 3.40 CAD | |
| Dividend Growth (YoY) | -8.17% | |
| Years of Dividend Growth | 0 | |
| Payout Ratio | 99.7% |
Shares
| Measure | Tc Energy | Industry median |
|---|---|---|
| Shares Outstanding | 1,040,840,000 | 507,340,000 |
| Shares Change (YoY) | 0.19% | 0.10% |
| Float | 1,040,840,000 | 507,325,000 |
| Shares Held by Insiders | 0.00% | 0.00% |
| Shares Held by Institutions | 65.7% | 58.9% |
Taxes
| Measure | Tc Energy | Industry median |
|---|---|---|
| Income Tax | C$1.14B | C$81.00M |
| Effective Tax Rate | 20.9% | 10.4% |
Scores
| Measure | Tc Energy | Industry median |
|---|---|---|
| Graham Number | 43.93 CAD | 53.19 CAD |
| Piotroski F-Score | 7 |
Calculated by StockData from Tc Energy's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.