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TC Energy Corporation TRP

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62.64 USD -0.79 (-1.25%)

Nov 4, 2026, 2:29 PM EST

61.92 Day range 63.42
49.62 52-week range 71.47
YTD
+13.87%
1 year
+25.81%

Financial health

Altman Z-Score

0.88 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

C2 / 5 overall

  • DCF 1
  • Return on Equity 3
  • Return on Assets 3
  • Debt / Equity 1
  • P/E 1
  • P/B 1

Valuation

P/E 23.1×
FY 2016: 345×FY 2017: 16.3×FY 2018: 10.8×FY 2019: 14.8×FY 2020: 10.0×FY 2021: 28.7×FY 2022: 76.8×FY 2023: 17.7×FY 2024: 15.1×FY 2025: 23.1×
FY 2016 5y median 23.1× FY 2025
P/S 5.2×
FY 2016: 3.4×FY 2017: 3.6×FY 2018: 2.9×FY 2019: 4.4×FY 2020: 3.4×FY 2021: 3.9×FY 2022: 4.0×FY 2023: 3.7×FY 2024: 5.0×FY 2025: 5.2×
FY 2016 5y median 4.0× FY 2025
P/B 2.9×
FY 2016: 1.7×FY 2017: 1.9×FY 2018: 1.4×FY 2019: 1.9×FY 2020: 1.4×FY 2021: 1.6×FY 2022: 1.4×FY 2023: 1.6×FY 2024: 2.5×FY 2025: 2.9×
FY 2016 5y median 1.6× FY 2025
P/FCF 38.1×
FY 2016: -180×FY 2017: -21.2×FY 2018: -11.9×FY 2019: -53.3×FY 2020: -41.3×FY 2021: 54.0×FY 2022: -139×FY 2023: -55.1×FY 2024: 51.9×FY 2025: 38.1×
FY 2016 5y median 38.1× FY 2025
EV/EBITDA 12.0×
FY 2016: 20.7×FY 2017: 13.3×FY 2018: 11.1×FY 2019: 11.4×FY 2020: 9.7×FY 2021: 15.6×FY 2022: 20.4×FY 2023: 12.5×FY 2024: 11.5×FY 2025: 12.0×
FY 2016 5y median 12.5× FY 2025
EV/Sales 9.2×
FY 2016: 6.9×FY 2017: 6.8×FY 2018: 6.6×FY 2019: 8.1×FY 2020: 7.1×FY 2021: 7.8×FY 2022: 8.7×FY 2023: 8.2×FY 2024: 9.3×FY 2025: 9.2×
FY 2016 5y median 8.7× FY 2025
FCF Yield 2.6%
FY 2016: -0.6%FY 2017: -4.7%FY 2018: -8.4%FY 2019: -1.9%FY 2020: -2.4%FY 2021: 1.9%FY 2022: -0.7%FY 2023: -1.8%FY 2024: 1.9%FY 2025: 2.6%
FY 2016 5y median 1.9% FY 2025

Profitability

Gross Margin 50.0%
FY 2016: 36.6%FY 2017: 38.0%FY 2018: 45.7%FY 2019: 49.1%FY 2020: 50.2%FY 2021: 49.9%FY 2022: 47.1%FY 2023: 50.3%FY 2024: 48.0%FY 2025: 50.0%
FY 2016 5y median 49.9% FY 2025
Operating Margin 44.2%
FY 2016: 32.1%FY 2017: 33.7%FY 2018: 41.5%FY 2019: 43.7%FY 2020: 44.6%FY 2021: 44.1%FY 2022: 41.2%FY 2023: 44.4%FY 2024: 42.0%FY 2025: 44.2%
FY 2016 5y median 44.1% FY 2025
Net Margin 23.2%
FY 2016: 1.9%FY 2017: 23.5%FY 2018: 27.1%FY 2019: 31.2%FY 2020: 35.5%FY 2021: 14.6%FY 2022: 6.1%FY 2023: 22.0%FY 2024: 34.1%FY 2025: 23.2%
FY 2016 5y median 22.0% FY 2025
ROE 12.9%
FY 2016: 1.0%FY 2017: 12.6%FY 2018: 12.6%FY 2019: 13.5%FY 2020: 14.7%FY 2021: 5.9%FY 2022: 2.2%FY 2023: 9.9%FY 2024: 17.0%FY 2025: 12.9%
FY 2016 5y median 9.9% FY 2025
ROIC 4.8%
FY 2016: 2.8%FY 2017: 5.6%FY 2018: 5.5%FY 2019: 5.3%FY 2020: 5.9%FY 2021: 5.7%FY 2022: 2.7%FY 2023: 3.8%FY 2024: 4.4%FY 2025: 4.8%
FY 2016 5y median 4.4% FY 2025
ROA 3.0%
FY 2016: 0.3%FY 2017: 3.7%FY 2018: 3.7%FY 2019: 4.2%FY 2020: 4.6%FY 2021: 1.9%FY 2022: 0.7%FY 2023: 2.3%FY 2024: 4.0%FY 2025: 3.0%
FY 2016 5y median 2.3% FY 2025

Growth (YoY)

Revenue 10.3%
FY 2016: 10.7%FY 2017: 7.5%FY 2018: 1.7%FY 2019: -3.1%FY 2020: -1.9%FY 2021: 3.0%FY 2022: -8.1%FY 2023: 7.8%FY 2024: 3.8%FY 2025: 10.3%
FY 2016 FY 2025
Operating Income 16.1%
FY 2016: 13.8%FY 2017: 12.9%FY 2018: 25.2%FY 2019: 1.8%FY 2020: 0.3%FY 2021: 1.8%FY 2022: -14.2%FY 2023: 16.1%FY 2024: -1.7%FY 2025: 16.1%
FY 2016 FY 2025
EPS (diluted) -26.2%
FY 2016: 109.9%FY 2017: 2043.8%FY 2018: 19.5%FY 2019: 4.1%FY 2020: 11.0%FY 2021: -60.8%FY 2022: -65.6%FY 2023: 329.7%FY 2024: 61.1%FY 2025: -26.2%
FY 2016 FY 2025
Free Cash Flow 54.0%
FY 2016: -417.8%FY 2017: -886.7%FY 2018: -46.1%FY 2019: 67.3%FY 2020: 2.1%FY 2021: 189.7%FY 2022: -136.4%FY 2023: -150.3%FY 2024: 251.9%FY 2025: 54.0%
FY 2016 FY 2025

Financial Health

Current Ratio 0.6×
FY 2016: 1.1×FY 2017: 0.5×FY 2018: 0.4×FY 2019: 0.6×FY 2020: 0.4×FY 2021: 0.6×FY 2022: 0.4×FY 2023: 1.0×FY 2024: 0.5×FY 2025: 0.6×
FY 2016 5y median 0.6× FY 2025
Quick Ratio 0.6×
FY 2016: 1.0×FY 2017: 0.4×FY 2018: 0.4×FY 2019: 0.6×FY 2020: 0.4×FY 2021: 0.5×FY 2022: 0.4×FY 2023: 0.9×FY 2024: 0.5×FY 2025: 0.6×
FY 2016 5y median 0.5× FY 2025
Debt / Equity 2.2×
FY 2016: 1.8×FY 2017: 1.7×FY 2018: 1.7×FY 2019: 1.6×FY 2020: 1.6×FY 2021: 1.6×FY 2022: 1.7×FY 2023: 2.2×FY 2024: 2.2×FY 2025: 2.2×
FY 2016 5y median 2.2× FY 2025
Net Debt / EBITDA 5.2×
FY 2016: 10.6×FY 2017: 6.2×FY 2018: 6.2×FY 2019: 5.2×FY 2020: 5.1×FY 2021: 7.8×FY 2022: 11.1×FY 2023: 6.9×FY 2024: 5.3×FY 2025: 5.2×
FY 2016 5y median 6.9× FY 2025
Interest Coverage 2.0×
FY 2016: 2.7×FY 2017: 3.0×FY 2018: 2.7×FY 2019: 3.4×FY 2020: 2.6×FY 2021: 2.8×FY 2022: 2.7×FY 2023: 2.3×FY 2024: 2.3×FY 2025: 2.0×
FY 2016 5y median 2.3× FY 2025

Dividends

Dividend Yield 4.6%
FY 2016: 3.7%FY 2017: 3.1%FY 2018: 4.3%FY 2019: 3.3%FY 2020: 7.1%FY 2021: 6.6%FY 2022: 6.7%FY 2023: 5.9%FY 2024: 5.8%FY 2025: 4.6%
FY 2016 5y median 5.9% FY 2025
Payout Ratio 103.0%
FY 2016: 659.2%FY 2017: 47.3%FY 2018: 46.7%FY 2019: 47.3%FY 2020: 68.2%FY 2021: 176.9%FY 2022: 440.9%FY 2023: 98.5%FY 2024: 86.2%FY 2025: 103.0%
FY 2016 5y median 103.0% FY 2025

Annual · latest fiscal year ends 2025-12-31