TC Energy Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	55,061	48,873	46,678	36,788	37,767	40,029
Market Cap Growth	17.15%	4.70%	26.88%	-2.60%	-5.65%	28.25%
Enterprise Value	99,877	93,497	100,305	81,517	78,357	78,387
Last Close Price	52.88	46.70	41.51	28.66	28.11	29.39
PE Ratio	26.07	23.14	15.14	18.98	85.22	31.74
PS Ratio	5.82	5.16	5.05	4.05	4.44	4.30
PB Ratio	2.40	2.13	1.81	1.38	1.60	1.73
P/TBV Ratio	7.37	6.54	6.09	3.70	2.93	3.35
P/FCF Ratio	43.03	38.19	51.97	-	-	59.64
P/OCF Ratio	12.07	10.71	9.04	7.39	8.57	8.36
EV/Sales Ratio	10.57	9.88	10.85	8.97	9.21	8.43
EV/EBITDA Ratio	14.77	15.79	17.96	14.28	14.81	12.26
EV/EBIT Ratio	20.05	22.26	25.82	20.21	22.36	16.89
EV/FCF Ratio	78.05	73.07	111.67	-	-	116.79
Debt / Equity Ratio	1.65	1.65	1.57	1.63	1.72	1.59
Debt / EBITDA Ratio	6.33	6.33	7.12	7.55	7.58	5.72
Debt / FCF Ratio	29.62	29.62	44.86	-	-	55.09
Net Debt / Equity Ratio	1.64	1.64	1.54	1.52	1.69	1.57
Net Debt / EBITDA Ratio	6.34	6.34	7.08	7.14	7.52	5.69
Net Debt / FCF Ratio	29.34	29.34	44.01	-67.49	-163.58	54.23
Asset Turnover	0.13	0.13	0.11	0.11	0.11	0.13
Inventory Turnover	6.17	6.17	5.95	4.87	5.12	6.07
Quick Ratio	0.49	0.49	0.40	0.60	0.34	0.37
Current Ratio	0.63	0.63	0.55	0.96	0.43	0.57
Return on Equity (ROE)	11.44%	11.44%	12.88%	6.72%	0.45%	6.12%
Return on Assets (ROA)	3.57%	3.57%	2.97%	3.07%	2.90%	4.08%
Return on Invested Capital (ROIC)	5.51%	5.50%	4.99%	4.61%	1.83%	7.53%
Return on Capital Employed (ROCE)	6.20%	6.20%	5.40%	5.20%	5.20%	7.30%
Earnings Yield	3.84%	4.47%	6.76%	5.44%	1.37%	3.39%
FCF Yield	2.32%	2.62%	1.92%	-1.64%	-0.64%	1.68%
Dividend Yield	4.03%	4.52%	5.99%	8.89%	8.86%	8.23%
Payout Ratio	102.90%	102.90%	86.25%	98.53%	440.91%	176.88%
Buyback Yield / Dilution	-0.19%	-0.19%	-0.78%	-3.41%	-2.26%	-3.62%
Total Shareholder Return	3.83%	4.33%	5.21%	5.48%	6.60%	4.61%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.