TC Energy Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 13, 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	66,119	57,383	48,326	40,663	40,363	45,524
Market Cap Growth	40.74%	18.74%	18.84%	0.74%	-11.34%	19.24%
Enterprise Value	119,202	109,777	103,847	90,103	83,742	89,147
Last Close Price	63.54	55.01	44.35	31.86	30.24	33.33
PE Ratio	26.66	23.14	15.14	18.98	85.22	31.74
PS Ratio	5.95	5.16	5.05	4.05	4.44	4.30
PB Ratio	2.46	2.13	1.81	1.38	1.60	1.73
P/TBV Ratio	7.54	6.54	6.09	3.70	2.93	3.35
P/FCF Ratio	43.70	38.19	51.97	-	-	59.64
P/OCF Ratio	12.34	10.71	9.04	7.39	8.57	8.36
EV/Sales Ratio	10.73	9.88	10.85	8.97	9.21	8.43
EV/EBITDA Ratio	17.15	15.79	17.91	14.17	14.81	12.26
EV/EBIT Ratio	24.17	22.26	25.72	19.99	22.36	16.89
EV/FCF Ratio	78.79	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	7.10	7.50	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	7.06	7.08	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	5.92	4.79	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%	2.99%	3.11%	2.90%	4.08%
Return on Invested Capital (ROIC)	5.51%	5.50%	5.01%	4.66%	1.83%	7.53%
Return on Capital Employed (ROCE)	6.20%	6.20%	5.40%	5.30%	5.20%	7.30%
Earnings Yield	3.75%	4.47%	6.76%	5.44%	1.37%	3.39%
FCF Yield	2.29%	2.62%	1.92%	-1.64%	-0.64%	1.68%
Dividend Yield	3.85%	4.51%	5.80%	8.84%	8.80%	8.25%
Payout Ratio	102.77%	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	3.66%	4.32%	5.03%	5.43%	6.54%	4.63%

Updated Feb 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q