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 6, 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	66,181	106,826	94,503	72,877	74,608	78,359
Market Cap Growth	39.86%	13.04%	29.67%	-2.32%	-4.79%	18.63%
Enterprise Value	119,271	202,184	188,021	165,936	153,910	152,200
PE Ratio	26.69	-	15.12	18.82	84.34	31.63
Forward PE	22.69	20.34	18.57	13.40	12.78	13.95
PEG Ratio	-	-	-	23.64	2.56	3.49
PS Ratio	5.95	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	43.62	38.19	52.02	-60.93	-156.11	59.74
P/OCF Ratio	12.35	10.71	9.04	7.39	8.62	8.38
EV/Sales Ratio	10.73	9.77	10.06	9.21	9.21	8.37
EV/EBITDA Ratio	17.16	15.62	16.15	14.10	16.00	19.83
EV/EBIT Ratio	24.18	22.02	23.93	20.76	25.20	35.80
EV/FCF Ratio	78.61	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	3.75%	0.00%	6.61%	5.31%	1.19%	3.16%
FCF Yield	2.29%	2.62%	1.92%	-1.64%	-0.64%	1.67%
Dividend Yield	3.84%	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	-0.13%	-0.13%	-0.13%	-0.01%	-3.47%	-0.26%
Total Shareholder Return	3.71%	-0.13%	5.56%	5.22%	2.48%	5.54%

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

SEC Filings: 10-K · 10-Q