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	Mar '26 Mar 27, 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 Cap	66,318	56,749	50,202	38,714	39,633	41,626
Market Cap Growth	36.99%	13.04%	29.67%	-2.32%	-4.79%	18.63%
Enterprise Value	118,530	107,405	99,881	88,149	81,761	80,852
PE Ratio	26.90	-	15.12	18.82	84.34	31.63
Forward PE	23.94	20.34	18.57	13.40	12.78	13.95
PEG Ratio	-	-	-	23.64	2.56	3.49
PS Ratio	5.97	5.16	5.05	4.05	4.46	4.31
PB Ratio	2.46	2.88	2.52	1.82	1.62	1.73
P/TBV Ratio	-	-	2.52	1.80	1.58	1.72
P/FCF Ratio	44.64	38.19	52.02	-60.93	-156.11	59.74
P/OCF Ratio	12.38	10.71	9.04	7.39	8.62	8.38
EV/Sales Ratio	10.66	9.77	10.06	9.21	9.21	8.37
EV/EBITDA Ratio	17.05	15.62	16.15	14.10	16.00	19.83
EV/EBIT Ratio	24.03	22.02	23.93	20.76	25.20	35.80
EV/FCF Ratio	79.78	72.29	103.50	-138.72	-322.04	116.04
Debt / Equity Ratio	1.59	1.59	1.47	1.54	1.65	1.54
Debt / EBITDA Ratio	6.30	6.30	6.92	7.29	8.23	9.33
Debt / FCF Ratio	29.17	29.17	44.37	-71.74	-165.62	54.62
Net Debt / Equity Ratio	2.19	2.19	2.12	2.01	1.70	1.57
Net Debt / EBITDA Ratio	6.29	6.29	6.83	6.87	8.14	9.22
Net Debt / FCF Ratio	29.09	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	9.94	9.94	9.44	7.73	7.85	9.91
Quick Ratio	0.30	0.30	0.32	0.52	0.25	0.38
Current Ratio	0.63	0.63	0.55	0.96	0.43	0.57
Return on Equity (ROE)	10.88%	10.88%	13.90%	8.39%	2.33%	6.12%
Return on Assets (ROA)	4.54%	4.51%	4.01%	3.66%	1.32%	2.89%
Return on Invested Capital (ROIC)	4.80%	4.78%	4.29%	3.95%	1.42%	3.08%
Return on Capital Employed (ROCE)	6.25%	6.25%	5.24%	5.59%	4.77%	3.49%
Earnings Yield	3.74%	0.00%	6.61%	5.31%	1.19%	3.16%
FCF Yield	2.24%	2.62%	1.92%	-1.64%	-0.64%	1.67%
Dividend Yield	3.82%	0.00%	5.68%	5.23%	5.94%	5.79%
Payout Ratio	102.77%	103.15%	86.05%	98.52%	497.97%	182.75%
Buyback Yield / Dilution	-0.19%	-	-0.78%	-3.41%	-2.26%	-3.62%
Total Shareholder Return	3.63%	0.00%	4.91%	1.81%	3.68%	2.18%

Updated Feb 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q