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	May '26 May 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 Cap	69,968	57,340	50,725	39,118	40,046	42,060
Market Cap Growth	34.08%	13.04%	29.67%	-2.32%	-4.79%	18.63%
Enterprise Value	122,691	108,524	100,922	89,068	82,613	81,695
PE Ratio	29.38	23.14	15.12	18.82	84.34	31.63
Forward PE	24.85	20.34	18.57	13.40	12.78	13.95
PEG Ratio	-	-	-	23.64	2.56	3.49
PS Ratio	6.31	5.16	5.05	4.05	4.46	4.31
PB Ratio	2.63	2.88	2.52	1.82	1.62	1.73
P/TBV Ratio	2.54	2.88	2.52	1.80	1.58	1.72
P/FCF Ratio	25.30	38.19	52.02	-60.93	-156.11	59.74
P/OCF Ratio	11.37	10.71	9.04	7.39	8.62	8.38
EV/Sales Ratio	11.07	9.77	10.06	9.21	9.21	8.37
EV/EBITDA Ratio	17.57	15.62	16.15	14.10	16.00	19.83
EV/EBIT Ratio	24.69	22.02	23.93	20.76	25.20	35.80
EV/FCF Ratio	44.36	72.29	103.50	-138.72	-322.04	116.04
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	-71.74	-165.62	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)	4.61%	4.51%	4.01%	3.66%	1.32%	2.89%
Return on Invested Capital (ROIC)	4.87%	4.78%	4.29%	3.95%	1.42%	3.08%
Return on Capital Employed (ROCE)	6.33%	6.25%	5.24%	5.59%	4.77%	3.49%
Earnings Yield	3.40%	4.32%	6.61%	5.31%	1.19%	3.16%
FCF Yield	3.95%	2.62%	1.92%	-1.64%	-0.64%	1.67%
Dividend Yield	3.70%	4.46%	5.68%	5.23%	5.94%	5.79%
Payout Ratio	108.79%	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	3.54%	4.17%	4.91%	1.81%	3.68%	2.18%

Updated May 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q