TC Energy Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 10, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	81,090	69,533	53,700	54,628	57,610	48,648
Market Cap Growth	18.93%	29.48%	-1.70%	-5.18%	18.42%	-24.72%
Enterprise Value	152,928	149,419	118,993	113,338	112,815	103,785
Last Close Price	81.09	63.86	42.19	40.95	42.12	35.00
PE Ratio	22.65	15.14	18.98	85.22	31.74	10.92
Forward PE	22.18	18.57	13.40	12.78	13.95	12.53
PS Ratio	5.54	5.05	4.05	4.44	4.30	3.74
PB Ratio	2.16	1.81	1.38	1.60	1.73	1.45
P/TBV Ratio	6.90	6.09	3.70	2.93	3.35	3.30
P/FCF Ratio	41.56	51.97	-	-	59.64	-
P/OCF Ratio	10.76	9.04	7.39	8.57	8.36	6.89
PEG Ratio	3.58	-	23.64	2.56	3.49	3.80
EV/Sales Ratio	10.44	10.85	8.97	9.21	8.43	7.98
EV/EBITDA Ratio	14.15	17.38	13.63	14.81	12.26	12.36
EV/EBIT Ratio	19.72	25.72	19.99	22.36	16.89	17.88
EV/FCF Ratio	78.38	111.67	-	-	116.79	-
Debt / Equity Ratio	1.63	1.57	1.63	1.72	1.59	1.50
Debt / EBITDA Ratio	6.55	6.89	7.21	7.58	5.72	5.89
Debt / FCF Ratio	31.47	44.86	-	-	55.09	-
Net Debt / Equity Ratio	1.58	1.54	1.52	1.69	1.57	1.45
Net Debt / EBITDA Ratio	6.39	6.85	6.81	7.52	5.69	5.77
Net Debt / FCF Ratio	30.36	44.01	-67.49	-163.58	54.23	-44.93
Asset Turnover	0.12	0.11	0.11	0.11	0.13	0.13
Inventory Turnover	4.93	5.92	4.67	5.12	6.07	7.18
Quick Ratio	0.40	0.40	0.60	0.34	0.37	0.34
Current Ratio	0.63	0.55	0.96	0.43	0.57	0.43
Return on Equity (ROE)	11.34%	12.88%	6.72%	0.45%	6.12%	14.92%
Return on Assets (ROA)	3.09%	2.99%	3.11%	2.90%	4.08%	3.64%
Return on Invested Capital (ROIC)	5.28%	5.01%	4.66%	1.83%	7.53%	6.84%
Return on Capital Employed (ROCE)	5.90%	5.40%	5.30%	5.20%	7.30%	6.60%
Earnings Yield	4.18%	6.76%	5.44%	1.37%	3.39%	9.49%
FCF Yield	2.41%	1.92%	-1.64%	-0.64%	1.68%	-2.21%
Dividend Yield	4.19%	5.80%	8.82%	8.79%	8.26%	9.26%
Payout Ratio	104.25%	86.25%	98.53%	440.91%	176.88%	68.15%
Buyback Yield / Dilution	-0.19%	-0.78%	-3.41%	-2.26%	-3.62%	-0.97%
Total Shareholder Return	3.97%	5.02%	5.40%	6.53%	4.65%	8.29%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.