TC Energy Corporation (TSX:TRP)

TC Energy Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	100,522	78,679	69,603	53,675	54,950	57,712
Market Cap Growth	49.30%	13.04%	29.67%	-2.32%	-4.79%	18.63%
Enterprise Value	172,742	150,456	141,435	125,152	115,255	113,417
Last Close Price	95.40	75.58	66.99	51.76	53.98	58.83

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	28.46	23.14	15.12	18.82	84.34	31.63
Forward PE	26.06	20.34	18.57	13.40	12.78	13.95
PEG Ratio	5.66	16.64	16.64	23.64	2.56	3.49
PS Ratio	6.49	5.16	5.05	4.05	4.46	4.31
PB Ratio	2.71	2.88	2.52	1.82	1.62	1.73
P/TBV Ratio	8.46	6.67	6.04	3.77	2.93	2.97
P/FCF Ratio	26.49	38.19	52.02	-	-	59.74
P/OCF Ratio	11.70	10.71	9.04	7.39	8.62	8.38

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	11.16	9.87	10.27	9.43	9.36	8.47
EV/EBITDA Ratio	17.72	15.79	16.50	14.44	16.27	20.06
EV/EBIT Ratio	24.91	22.25	24.44	21.26	25.62	36.22
EV/FCF Ratio	45.53	73.04	105.71	-	-	117.41

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	1.63	1.59	1.47	1.54	1.65	1.54
Debt / EBITDA Ratio	6.34	6.30	6.92	7.29	8.23	9.33
Debt / FCF Ratio	16.29	29.17	44.37	-	-	54.62
Net Debt / Equity Ratio	2.21	2.19	2.12	2.01	1.70	1.57
Net Debt / EBITDA Ratio	6.23	6.29	6.83	6.87	8.14	9.22
Net Debt / FCF Ratio	16.01	29.09	43.77	-67.56	-163.86	53.93
Asset Turnover	0.13	0.13	0.11	0.11	0.11	0.13
Inventory Turnover	9.38	9.94	9.44	7.73	7.85	9.91
Quick Ratio	0.33	0.30	0.32	0.52	0.25	0.38
Current Ratio	0.65	0.63	0.55	0.96	0.43	0.57
Return on Equity (ROE)	10.99%	10.88%	13.91%	8.39%	2.33%	6.12%
Return on Assets (ROA)	4.74%	4.51%	4.01%	3.66%	1.32%	2.89%
Return on Invested Capital (ROIC)	5.84%	5.52%	5.00%	4.61%	1.63%	3.54%
Return on Capital Employed (ROCE)	6.33%	6.25%	5.24%	5.59%	4.77%	3.49%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	3.30%	4.32%	6.61%	5.31%	1.19%	3.16%
FCF Yield	3.77%	2.62%	1.92%	-	-	1.67%
Dividend Yield	3.64%	4.46%	5.68%	5.23%	5.94%	5.79%
Payout Ratio	106.08%	103.15%	86.05%	98.52%	497.97%	182.75%
Buyback Yield / Dilution	-0.17%	-0.29%	-0.78%	-3.41%	-2.26%	-3.62%
Total Shareholder Return	3.47%	4.17%	4.91%	1.81%	3.68%	2.18%

Data Source: Fiscal.ai Last updated: May 1, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

Data Sources Report a data error