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	Apr '26 Apr 23, 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	63,470	78,679	69,603	53,675	54,950	57,712
Market Cap Growth	33.66%	13.04%	29.67%	-2.32%	-4.79%	18.63%
Enterprise Value	116,314	148,911	138,480	122,214	113,357	112,097
Last Close Price	60.87	75.58	66.99	51.76	53.98	58.83
PE Ratio	25.60	22.94	15.12	18.82	84.34	31.63
PS Ratio	5.71	5.16	5.05	4.05	4.46	4.31
PB Ratio	2.36	2.88	2.52	1.82	1.62	1.73
P/TBV Ratio	2.32	2.86	2.52	1.80	1.58	1.72
P/FCF Ratio	42.21	38.19	52.02	-60.93	-156.11	59.74
P/OCF Ratio	11.85	10.71	9.04	7.39	8.62	8.38
EV/Sales Ratio	10.47	9.77	10.06	9.21	9.21	8.37
EV/EBITDA Ratio	16.73	15.62	16.15	14.10	16.00	19.83
EV/EBIT Ratio	23.58	22.02	23.93	20.76	25.20	35.80
EV/FCF Ratio	77.35	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%	13.91%	8.39%	2.33%	6.12%
Return on Assets (ROA)	4.53%	4.51%	4.01%	3.66%	1.32%	2.89%
Return on Invested Capital (ROIC)	4.79%	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	3.91%	4.36%	6.61%	5.31%	1.19%	3.16%
FCF Yield	2.37%	2.62%	1.92%	-1.64%	-0.64%	1.67%
Dividend Yield	4.08%	4.50%	5.68%	5.23%	5.94%	5.79%
Payout Ratio	104.25%	103.15%	86.05%	98.52%	497.97%	182.75%
Buyback Yield / Dilution	-0.19%	0.58%	-0.78%	-3.41%	-2.26%	-3.62%
Total Shareholder Return	3.89%	5.07%	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