TC Energy
TRP
58.94
-1.29
-2.14%
TC Energy
US · TRP
#360 by market cap
Listed 1970
58.94
-1.29
-2.14%
Live - 5344 symbols - heartbeat 396s ago
· 2026-10-08 07:37
Pre-market
58.94
0.00%
After-hours
58.94
0.00%
- Market cap
- 61.40B
- P/E (TTM)i
- 25.16
- P/Bi
- 3.43
- EPSi
- 2.29
- Div yieldi
- 4.13%
- 52W posi
- 57%
Reader sentiment
Are you bullish or bearish on TRP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.66, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +10.66% YoY
Margins
- Gross margin
- 50.15%
- Operating margin
- 44.37%
- Net margin
- 22.31%
Key ratios & quality
- Enterprise valuei
- 121.49B
- PEG ratioi
- 0.37
- Altman Z-Scorei
- 0.66
PEG uses trailing P/E against the 3-year net income growth rate (67.56%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.68B | 13.26B | 13.00B | 13.39B | 12.31B | 13.27B | 13.77B | 15.24B |
| Gross profit | 6.25B | 6.51B | 6.53B | 6.68B | 5.80B | 6.67B | 6.61B | 7.64B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 5.68B | 5.79B | 5.80B | 5.91B | 5.07B | 5.89B | 5.79B | 6.76B |
| Pretax profit | 3.95B | 5.19B | 5.11B | 2.17B | 474.00M | 3.30B | 5.91B | 5.44B |
| Tax | 432.00M | 754.00M | 194.00M | 120.00M | 322.00M | 842.00M | 922.00M | 1.14B |
| Net profit | 3.52B | 4.43B | 4.91B | 2.05B | 785.00M | 3.07B | 5.38B | 4.09B |
| Basic EPS | 4 | 4 | 5 | 2 | 1 | 3 | 4 | 3 |
| Diluted EPS | 3.92 | 4.27 | 4.74 | 1.86 | 0.64 | 2.75 | 4.43 | 3.27 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 3.62B | 3.74B | 3.70B | 4.17B | 3.86B | 3.96B |
| Gross profit | 1.89B | 1.84B | 1.80B | 2.12B | 2.03B | 1.98B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.66B | 1.62B | 1.58B | 1.89B | 1.83B | 1.75B |
| Pretax profit | 1.47B | 1.34B | 1.21B | 1.42B | 1.41B | 1.45B |
| Tax | 293.00M | 337.00M | 245.00M | 263.00M | 254.00M | 307.00M |
| Net profit | 1.18B | 973.00M | 764.00M | 1.18B | 1.15B | 1.15B |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.94 | 0.80 | 0.58 | 0.94 | 0.86 | 0.95 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.14B | 7.65B | 5.20B | 7.42B | 7.33B | 11.37B | 5.73B | 6.32B |
| Cash & ST investments | 446.00M | 1.34B | 1.53B | 673.00M | 620.00M | 3.68B | 801.00M | 168.00M |
| Inventory | 431.00M | 452.00M | 629.00M | 724.00M | 936.00M | 771.00M | 747.00M | 782.00M |
| Total assets | 98.92B | 99.28B | 100.30B | 104.22B | 114.35B | 125.03B | 118.24B | 118.75B |
| Total current liabilities | 12.95B | 12.90B | 11.99B | 13.04B | 16.91B | 11.82B | 10.51B | 9.96B |
| Short-term debt | 6.22B | 7.01B | 6.15B | 6.49B | 8.16B | 3.00B | 3.40B | 2.81B |
| Long-term debt | 44.02B | 42.89B | 43.41B | 46.28B | 50.14B | 60.26B | 56.02B | 57.45B |
| Total liabilities | 67,927,000,000.00 | 66,882,000,000.00 | 66,827,000,000.00 | 70,822,000,000.00 | 80,232,000,000.00 | 86,026,000,000.00 | 79,883,000,000.00 | 81,852,000,000.00 |
| Total equity | 30.99B | 32.40B | 33.47B | 33.40B | 34.12B | 39.01B | 38.36B | 36.90B |
| Retained earnings | 2.77B | 3.96B | 5.37B | 3.77B | 819.00M | -3.00B | -5.24B | -5.93B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 7.27B | 7.14B | 7.78B | 6.32B | 6.83B | 7.89B |
| Cash & ST investments | 1.96B | 1.42B | 1.80B | 168.00M | 1.08B | 2.07B |
| Inventory | 777.00M | 822.00M | 837.00M | 782.00M | 857.00M | 936.00M |
| Total assets | 120.55B | 116.84B | 120.23B | 118.75B | 120.83B | 123.93B |
| Total current liabilities | 10.32B | 11.74B | 12.30B | 9.96B | 10.50B | 12.94B |
| Short-term debt | 4.00B | 5.54B | 5.26B | 2.81B | 3.65B | 6.02B |
| Long-term debt | 57.99B | 53.89B | 56.10B | 57.45B | 58.16B | 57.73B |
| Total liabilities | 82,106,000,000.00 | 79,457,000,000.00 | 82,658,000,000.00 | 81,852,000,000.00 | 83,670,000,000.00 | 86,451,000,000.00 |
| Total equity | 38.44B | 37.38B | 37.58B | 36.90B | 37.16B | 37.48B |
| Retained earnings | -5.15B | -5.74B | -6.03B | -5.93B | -5.95B | -5.88B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.56B | 7.08B | 7.06B | 6.89B | 6.38B | 7.27B | 7.70B | 7.35B |
| Depreciation & amortization | 2.35B | 2.46B | 2.59B | 2.52B | 2.58B | 2.78B | 2.79B | 2.77B |
| Free cash flow | -3.36B | -1.10B | -1.08B | 966.00M | -352.00M | -881.00M | 1.34B | 2.06B |
| Dividends paid | -1.73B | -1.96B | -3.15B | -3.46B | -3.30B | -2.88B | -4.05B | -3.62B |
| Stock buybacks / issuance | 1.15B | 253.00M | 91.00M | 148.00M | 1.91B | 4.00M | 88.00M | 104.00M |
| Ending cash balance | 446.00M | 1.34B | 1.53B | 673.00M | 620.00M | 3.68B | 801.00M | 168.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.36B | 2.17B | 1.92B | 1.89B | 2.60B | 2.22B |
| Depreciation & amortization | 678.00M | 671.00M | 701.00M | 719.00M | 723.00M | 737.00M |
| Free cash flow | -205.00M | 1.06B | 663.00M | 544.00M | 1.53B | 1.32B |
| Dividends paid | -883.00M | -911.00M | -914.00M | -913.00M | -911.00M | -942.00M |
| Stock buybacks / issuance | 30.00M | 20.00M | 37.00M | 17.00M | 62.00M | 12.00M |
| Ending cash balance | 1.96B | 1.42B | 1.80B | 168.00M | 1.08B | 2.07B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 15.25 | 15.25 | 16.45 | 6.35 | 2.09 | 9.66 | 17.62 | 13.56 |
| ROA %i | 3.83 | 4.01 | 4.47 | 1.77 | 0.59 | 2.36 | 3.78 | 2.87 |
| ROIC %i | 7.30 | 6.71 | 7.79 | 4.40 | 2.48 | 5.11 | 7.14 | 6.43 |
| 5-year avg ROE %i | 6.56 | 7.53 | 12.43 | 13.56 | 11.08 | 9.96 | 10.43 | 9.86 |
| EBIT margin %i | 41.79 | 52.73 | 53.41 | 31.23 | 23.75 | 41.37 | 61.21 | 54.41 |
| FCF / sales %i | -- | -- | -- | 7.22 | -- | -- | 9.72 | 13.52 |
| Current ratioi | 0.40 | 0.59 | 0.43 | 0.57 | 0.43 | 0.96 | 0.55 | 0.63 |
| Quick ratioi | 0.24 | 0.30 | 0.32 | 0.40 | 0.28 | 0.56 | 0.37 | 0.45 |
| Debt / assetsi | 50.79 | 50.74 | 49.84 | 51.00 | 51.32 | 50.91 | 50.64 | 51.05 |
| LT debt / equityi | 173.58 | 161.93 | 159.89 | 156.66 | 160.42 | 224.23 | 225.06 | 230.92 |
| Interest coveragei | 3.23 | 3.88 | 3.78 | 2.07 | 1.63 | 2.55 | 3.34 | 2.91 |
| Revenue CAGR (3Y) %i | 6.41 | 1.85 | -1.13 | -0.72 | -2.44 | 0.68 | 0.95 | 7.38 |
| Net income CAGR (3Y) %i | -- | 160.94 | 13.50 | -19.17 | -43.47 | -14.14 | 33.94 | 67.56 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | 11.47 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 16.55 | 16.11 | 12.81 | 13.56 | 13.16 | 13.76 |
| ROA %i | 3.52 | 3.46 | 2.65 | 2.87 | 2.75 | 2.89 |
| ROIC %i | 6.71 | 6.74 | 5.67 | 6.43 | 6.43 | 6.74 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 60.79 | 61.36 | 57.18 | 54.41 | 54.50 | 54.91 |
| FCF / sales %i | 4.97 | 10.06 | 13.32 | 13.52 | 24.51 | 25.87 |
| Current ratioi | 0.70 | 0.61 | 0.63 | 0.63 | 0.65 | 0.61 |
| Quick ratioi | 0.44 | 0.34 | 0.35 | 0.45 | 0.33 | 0.35 |
| Debt / assetsi | 51.43 | 50.86 | 51.04 | 51.05 | 51.15 | 51.44 |
| LT debt / equityi | 230.17 | 215.38 | 224.71 | 230.92 | 230.12 | 226.34 |
| Interest coveragei | 3.39 | 3.34 | 2.94 | 2.91 | 2.76 | 2.76 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- U.S. Natural Gas Pipelines is the largest reported line at 45.72% of revenue, across 5 reported segments.
- Canadian Natural Gas Pipelines follows at 38.11%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
U.S. Natural Gas Pipelines45.72%
Canadian Natural Gas Pipelines38.11%
Mexico Natural Gas Pipelines10.87%
Power and Energy Solutions6.09%
Quote time 2026-10-08 07:37:25 · For reference only, not investment advice and not tailored to your situation.