TC Energy Corporation (TRP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Feb 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRP SEC filings page.
TC Energy Corporation (TRP) reported $11.1B in revenue for fiscal year 2025, up 16.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of TC Energy Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
TC Energy Corporation has an operating margin of 52.7%, meaning the company retains $53 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is down from 57.8% the prior year.
TC Energy Corporation's revenue surged 16.2% year-over-year to $11.1B, reflecting rapid business expansion. This strong growth earns a score of 60/100.
TC Energy Corporation's current ratio of 0.63 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
TC Energy Corporation's ROE of 12.9% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 17.0% the prior year.
TC Energy Corporation scores 0.90, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $4.3B against total assets of $86.6B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
TC Energy Corporation passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, TC Energy Corporation generates $2.09 in operating cash flow ($5.4B OCF vs $2.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
TC Energy Corporation earns $2.36 in operating income for every $1 of interest expense ($5.9B vs $2.5B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
TC Energy Corporation generated $11.1B in revenue in fiscal year 2025. This represents an increase of 16.2% from the prior year.
TC Energy Corporation's EBITDA was $7.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the prior year.
TC Energy Corporation reported $2.6B in net income in fiscal year 2025. This represents a decrease of 21.3% from the prior year.
TC Energy Corporation earned $2.38 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 22.5% from the prior year.
Cash & Balance Sheet
TC Energy Corporation held $122.5M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
TC Energy Corporation paid $2.48 per share in dividends in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
TC Energy Corporation's gross margin was 98.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
TC Energy Corporation's operating margin was 52.7% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
TC Energy Corporation's net profit margin was 23.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.0 percentage points from the prior year.
TC Energy Corporation's ROE was 12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.1 percentage points from the prior year.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
TRP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2510-K | FY2410-K | FY2310-K | FY2210-K | FY2110-K | FY2010-K | FY1910-K | FY1810-K | FY1710-K | FY1610-K | FY1510-K | FY1410-K | FY1310-K | FY1210-K | FY1110-K |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1B+16.2% | $9.6B-4.8% | $10.0B+10.5% | $9.1B-13.2% | $10.5B+2.8% | $10.2B-0.3% | $10.2B+2.0% | $10.0B-6.7% | $10.7B+15.0% | $9.3B+13.9% | $8.2B-6.6% | $8.8B+6.2% | $8.3B+2.9% | $8.0B+4.3% | $7.7B |
| Cost of Revenue | $151.7M+0.7% | $150.7M+148.7% | $60.6M+272.7% | $16.3M-76.1% | $68.1Mn/m | $0-100.0% | $281.6M-74.1% | $1.1B-42.8% | $1.9B+17.6% | $1.6B | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $11.0B+16.5% | $9.4B-5.8% | $10.0B+10.0% | $9.1B-12.8% | $10.4B+2.1% | $10.2B+2.5% | $9.9B+11.3% | $8.9B+1.1% | $8.8B+14.4% | $7.7B | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $5.9B+6.0% | $5.5B+43.2% | $3.9B+113.2% | $1.8B-43.0% | $3.2B-40.2% | $5.3B+4.5% | $5.1B+20.3% | $4.2B+12.9% | $3.7B+117.2% | $1.7B+2260.5% | $73.0M-97.8% | $3.4B+3.8% | $3.3B+14.9% | $2.8B-8.8% | $3.1B |
| EBITDA | $7.9B+5.5% | $7.5B+25.2% | $6.0B+60.3% | $3.7B-27.8% | $5.2B-29.8% | $7.3B+5.2% | $7.0B+17.4% | $5.9B+10.5% | $5.4B+70.0% | $3.2B+134.9% | $1.3B-71.8% | $4.8B+2.5% | $4.7B+10.4% | $4.2B-4.5% | $4.4B |
| Interest Expense | $2.5B+18.5% | $2.1B-6.7% | $2.2B+32.2% | $1.7B-8.0% | $1.8B+5.7% | $1.7B-2.9% | $1.8B+8.4% | $1.7B+0.4% | $1.7B+11.1% | $1.5B+50.3% | $990.0M-4.1% | $1.0B+11.5% | $926.0M-5.5% | $980.1M+6.4% | $921.5M |
| Income Tax | $829.9M+29.6% | $640.3M+0.4% | $637.8M+168.0% | $238.0M+153.4% | $93.9M-38.3% | $152.1M-73.8% | $581.7M+83.7% | $316.6Mn/m | -$71.1M-127.1% | $262.2M+967.1% | $24.6M-96.6% | $716.3M+24.7% | $574.4M+22.7% | $468.0M-17.2% | $565.5M |
| Net Income | $2.6B-21.3% | $3.3B+47.4% | $2.2B+300.4% | $552.8M-63.9% | $1.5B-57.7% | $3.6B+13.3% | $3.2B+17.7% | $2.7B+7.6% | $2.5B+1353.3% | $173.5Mn/m | -$828.1M-152.2% | $1.6B-5.5% | $1.7B+23.5% | $1.4B-12.6% | $1.6B |
| EPS (Basic) | $2.38-22.5% | $3.08+47.7% | $2.08+340.4% | $0.47-67.7% | $1.46-60.6% | $3.72+12.6% | $3.30+14.9% | $2.87+4.5% | $2.75 | $0.12 | -$1.26 | N/A | N/A | $1.85-13.4% | $2.13 |
| EPS (Diluted) | $2.38-22.5% | $3.08+47.7% | $2.08+340.4% | $0.47-67.5% | $1.46-60.8% | $3.72+12.8% | $3.29+14.7% | $2.87+4.8% | $2.74 | $0.12 | -$1.26 | N/A | N/A | $1.85-13.4% | $2.13 |
| Diluted Shares (Avg) | 1.04B+0.2% | 1.04B+0.8% | 1.03B+3.4% | 996M+2.3% | 974M+3.6% | 940M+1.0% | 931M+3.1% | 903M+3.3% | 874M | 760M | 709M-0.1% | 710M+0.3% | 708M+0.3% | 706M+0.4% | 703M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
TRP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2510-K | FY2410-K | FY2310-K | FY2210-K | FY2110-K | FY2010-K | FY1910-K | FY1810-K | FY1710-K | FY1610-K | FY1510-K | FY1410-K | FY1310-K | FY1210-K | FY1110-K |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $86.6B+5.5% | $82.1B-13.3% | $94.7B+12.1% | $84.5B+3.6% | $81.6B+3.7% | $78.6B+2.7% | $76.6B+5.6% | $72.5B+5.4% | $68.8B+4.9% | $65.6B+40.9% | $46.5B-7.8% | $50.4B-0.4% | $50.7B+4.4% | $48.5B+4.3% | $46.6B |
| Current Assets | $4.6B+15.7% | $4.0B-53.8% | $8.6B+59.0% | $5.4B-6.7% | $5.8B+42.5% | $4.1B-30.9% | $5.9B+56.8% | $3.8B+0.7% | $3.7B-37.9% | $6.0B+112.7% | $2.8B+5.5% | $2.7B-9.3% | $3.0B+4.3% | $2.8B-7.3% | $3.1B |
| Cash & Equivalents | $122.5M-78.0% | $556.3M-80.0% | $2.8B+508.1% | $458.2M-13.0% | $526.7M-56.1% | $1.2B+15.8% | $1.0B+217.0% | $326.9M-62.4% | $870.0M+15.0% | $756.7M+23.2% | $614.2M+45.7% | $421.5M-51.6% | $871.5M+57.5% | $553.3M-14.0% | $643.2M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $570.3M+9.9% | $518.8M-11.2% | $584.0M-15.6% | $691.7M+22.1% | $566.6M+14.9% | $493.2M+41.4% | $348.7M+10.4% | $315.9M+4.6% | $302.0M+10.2% | $274.1M+17.4% | $233.4M-7.3% | $251.7M+6.7% | $236.0M+4.9% | $224.9M-7.8% | $243.9M |
| Accounts Receivable | $2.0B+12.4% | $1.8B-1.4% | $1.8B-31.4% | $2.7B+10.7% | $2.4B+42.7% | $1.7B-9.3% | $1.9B+0.6% | $1.9B-7.8% | $2.0B+30.4% | $1.5B+54.2% | $1.0B-11.4% | $1.1B+7.3% | $1.1B-0.2% | $1.1B-1.8% | $1.1B |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Goodwill | $9.5B0.0% | $9.5B0.0% | $9.5B0.0% | $9.5B-3.6% | $9.8B-1.0% | $9.9B0.0% | $9.9B-4.3% | $10.4B-0.6% | $10.5B+0.5% | $10.4B+199.0% | $3.5B0.0% | $3.5B+0.1% | $3.5B+0.1% | $3.5B-0.1% | $3.5B |
| Total Liabilities | $59.7B+7.6% | $55.5B-14.9% | $65.2B+9.9% | $59.3B+7.0% | $55.4B+5.8% | $52.4B+1.6% | $51.6B+3.6% | $49.8B+5.2% | $47.3B+4.3% | $45.4B+35.7% | $33.4B+2.4% | $32.6B+2.9% | $31.7B+5.1% | $30.2B+5.6% | $28.6B |
| Current Liabilities | $7.3B-0.5% | $7.3B-18.5% | $9.0B-28.4% | $12.5B+22.4% | $10.2B+8.6% | $9.4B-5.5% | $10.0B+4.9% | $9.5B+20.2% | $7.9B+37.9% | $5.7B+7.5% | $5.3B-18.6% | $6.5B+29.7% | $5.0B-14.7% | $5.9B+8.7% | $5.4B |
| Non-Current Liabilities | $52.4B+8.8% | $48.2B-14.3% | $56.2B+20.1% | $46.8B+3.5% | $45.2B+5.2% | $43.0B+3.3% | $41.6B+3.4% | $40.3B+2.2% | $39.4B-0.6% | $39.6B+41.1% | $28.1B+7.6% | $26.1B-2.2% | $26.7B+10.0% | $24.3B+4.8% | $23.2B |
| Long-Term Debt | N/A | N/A | N/A | $1.2Bn/m | $0 | N/A | N/A | $26.8B+5.1% | $25.5B-10.8% | $28.5B+36.6% | $20.9B+5.5% | $19.8B-3.8% | $20.6B+13.7% | $18.1B+3.8% | $17.4B |
| Total Equity | $19.9B+3.9% | $19.2B-14.4% | $22.4B-10.9% | $25.1B-3.5% | $26.0B+5.8% | $24.6B+3.7% | $23.7B+10.4% | $21.5B+7.5% | $20.0B+10.7% | $18.1B+52.1% | $11.9B-27.7% | $16.4B-5.6% | $17.4B+2.6% | $17.0B+2.8% | $16.5B |
| Retained Earnings | -$4.3Bn/m | -$3.6Bn/m | -$2.3B-475.1% | $605.2M-79.5% | $3.0B-29.8% | $4.2B+37.9% | $3.1B+50.1% | $2.0B+56.7% | $1.3B+53.0% | $847.6M-57.6% | $2.0B-57.6% | $4.7B-1.4% | $4.8B+1.8% | $4.7B+3.4% | $4.6B |
TRP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2510-K | FY2410-K | FY2310-K | FY2210-K | FY2110-K | FY2010-K | FY1910-K | FY1810-K | FY1710-K | FY1610-K | FY1510-K | FY1410-K | FY1310-K | FY1210-K | FY1110-K |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.4B+0.2% | $5.3B-2.9% | $5.5B+16.9% | $4.7B-12.6% | $5.4B-2.6% | $5.5B+1.3% | $5.5B+13.7% | $4.8B+15.0% | $4.2B+10.7% | $3.8B+19.2% | $3.2B-13.0% | $3.6B+5.5% | $3.5B-3.7% | $3.6B-1.1% | $3.6B |
| Depreciation & Amortization | $2.0B+4.3% | $1.9B-8.0% | $2.1B+10.2% | $1.9B-3.3% | $2.0B-2.8% | $2.0B+6.8% | $1.9B+10.4% | $1.7B+4.9% | $1.6B+13.7% | $1.4B+13.2% | $1.3B-8.2% | $1.4B-0.5% | $1.4B+1.1% | $1.4B+5.7% | $1.3B |
| Stock-Based Compensation | $5.1M+22.5% | $4.2M-38.9% | $6.8M-7.8% | $7.4M-21.3% | $9.4M-0.2% | $9.4M-6.2% | $10.0M+5.3% | $9.5M-0.6% | $9.6M-14.2% | $11.2M+18.9% | $9.4M+55.7% | $6.0M+7.0% | $5.6M+12.3% | $5.0M+2.1% | $4.9M |
| Capital Expenditures | N/A | $5.5B-41.1% | $9.3B+40.7% | $6.6B+18.6% | $5.6B-20.0% | $7.0B+21.0% | $5.8B-16.5% | $6.9B+17.0% | $5.9B+58.2% | $3.7B+31.7% | $2.8B-5.9% | $3.0B-25.0% | $4.0B+53.8% | $2.6B+5.4% | $2.5B |
| Free Cash Flow | N/A | -$144.4Mn/m | -$3.8Bn/m | -$1.9Bn/m | -$191.0Mn/m | -$1.4Bn/m | -$303.2Mn/m | -$2.1Bn/m | -$1.7B-3824.8% | $46.2M-86.3% | $336.7M-47.0% | $635.3Mn/m | -$554.7M-156.6% | $980.1M-15.0% | $1.2B |
| Investing Cash Flow | -$4.7Bn/m | -$4.8Bn/m | -$9.3Bn/m | -$5.2Bn/m | -$6.0Bn/m | -$4.7Bn/m | -$5.3Bn/m | -$7.3Bn/m | -$3.0Bn/m | -$14.0Bn/m | -$3.5Bn/m | -$3.7Bn/m | -$4.8Bn/m | -$3.3B | N/A |
| Financing Cash Flow | -$1.1Bn/m | -$2.7B-143.9% | $6.1B+1603.3% | $359.9Mn/m | -$68.9Mn/m | -$627.3M-217.3% | $534.6M-73.5% | $2.0Bn/m | -$1.1B-110.9% | $10.4B+1840.6% | $537.6Mn/m | -$321.5M-119.1% | $1.7Bn/m | -$404.7M | N/A |
| Dividends Paid | $2.6B-6.8% | $2.7B+30.0% | $2.1B-10.5% | $2.4B-9.1% | $2.6B+10.8% | $2.3B+68.9% | $1.4B+20.5% | $1.2B+7.6% | $1.1B0.0% | $1.1B+2.4% | $1.0B-9.9% | $1.2B-4.0% | $1.2B-1.9% | $1.2B+30.3% | $945.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | $0-100.0% | $10.4M-95.1% | $212.4Mn/m | $0n/m | $0 | N/A | N/A |
TRP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2510-K | FY2410-K | FY2310-K | FY2210-K | FY2110-K | FY2010-K | FY1910-K | FY1810-K | FY1710-K | FY1610-K | FY1510-K | FY1410-K | FY1310-K | FY1210-K | FY1110-K |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.6%+0.2pp | 98.4%-1.0pp | 99.4%-0.4pp | 99.8%+0.5pp | 99.4%-0.6pp | 100.0%+2.7pp | 97.3%+8.1pp | 89.1%+6.9pp | 82.3%-0.4pp | 82.7% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 52.7%-5.1pp | 57.8%+19.4pp | 38.4%+18.5pp | 19.9%-10.4pp | 30.3%-21.8pp | 52.1%+2.4pp | 49.7%+7.5pp | 42.1%+7.3pp | 34.8%+16.4pp | 18.4%+17.5pp | 0.9%-37.7pp | 38.6%-0.9pp | 39.5%+4.1pp | 35.3%-5.1pp | 40.4% |
| Net Margin | 23.1%-11.0pp | 34.1%+12.1pp | 22.0%+15.9pp | 6.1%-8.5pp | 14.6%-20.9pp | 35.5%+4.3pp | 31.2%+4.2pp | 27.1%+3.6pp | 23.5%+21.6pp | 1.9%+11.9pp | -10.1%-28.2pp | 18.1%-2.2pp | 20.3%+3.4pp | 16.9%-3.3pp | 20.2% |
| Return on Equity | 12.9%-4.1pp | 17.0%+7.1pp | 9.9%+7.7pp | 2.2%-3.7pp | 5.9%-8.8pp | 14.7%+1.2pp | 13.5%+0.8pp | 12.6%0.0pp | 12.6%+11.6pp | 1.0%+7.9pp | -7.0%-16.6pp | 9.7%0.0pp | 9.6%+1.6pp | 8.0%-1.4pp | 9.4% |
| Return on Assets | 3.0%-1.0pp | 4.0%+1.6pp | 2.3%+1.7pp | 0.7%-1.2pp | 1.9%-2.7pp | 4.6%+0.4pp | 4.2%+0.4pp | 3.7%+0.1pp | 3.7%+3.4pp | 0.3%+2.0pp | -1.8%-4.9pp | 3.1%-0.2pp | 3.3%+0.5pp | 2.8%-0.5pp | 3.3% |
| Current Ratio | 0.63+0.1x | 0.55-0.4x | 0.96+0.5x | 0.43-0.1x | 0.57+0.1x | 0.43-0.2x | 0.59+0.2x | 0.40-0.1x | 0.47-0.6x | 1.05+0.5x | 0.53+0.1x | 0.41-0.2x | 0.59+0.1x | 0.48-0.1x | 0.56 |
| Debt-to-Equity | N/A | N/A | N/A | 0.050.0x | 0.00 | N/A | N/A | 1.240.0x | 1.27-0.3x | 1.58-0.2x | 1.76+0.6x | 1.200.0x | 1.18+0.1x | 1.070.0x | 1.06 |
| Liabilities-to-Equity | 3.00+0.1x | 2.900.0x | 2.91+0.6x | 2.36+0.2x | 2.130.0x | 2.130.0x | 2.17-0.1x | 2.320.0x | 2.36-0.1x | 2.51-0.3x | 2.81+0.8x | 1.99+0.2x | 1.820.0x | 1.780.0x | 1.73 |
| Asset Turnover | 0.130.0x | 0.120.0x | 0.110.0x | 0.110.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.140.0x | 0.160.0x | 0.140.0x | 0.180.0x | 0.170.0x | 0.160.0x | 0.170.0x | 0.17 |
| FCF Margin | N/A | -1.5%+36.4pp | -37.9%-16.9pp | -21.0%-19.2pp | -1.8%+12.3pp | -14.2%-11.2pp | -3.0%+18.0pp | -20.9%-4.9pp | -16.0%-16.5pp | 0.5%-3.6pp | 4.1%-3.1pp | 7.2%+14.0pp | -6.7%-18.9pp | 12.2%-2.8pp | 15.0% |
Note: The current ratio is below 1.0 (0.63), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TC Energy Corporation TRP | FY2025 | $11.1B | $2.6B | 23.1% | $65.0B | 41/100 |
| MPLX LP MPLX | FY2025 | $13.0B | $4.9B | 37.8% | $59.0B | 71/100 |
| Kinder Morgan, Inc. KMI | FY2025 | $16.9B | $3.1B | 18.0% | $75.1B | 51/100 |
| Energy Transfer LP ET | FY2025 | $85.5B | $4.4B | 5.2% | $69.0B | 48/100 |
| Cheniere Energy Inc LNG | FY2025 | $20.0B | $5.3B | 26.7% | $59.3B | 57/100 |
| Oneok, Inc. OKE | FY2025 | $33.6B | $3.4B | 10.1% | $59.2B | 56/100 |
Where TC Energy Corporation Ranks
Frequently Asked Questions
What is TC Energy Corporation's annual revenue?
TC Energy Corporation (TRP) reported $11.1B in total revenue for fiscal year 2025. This represents a 16.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is TC Energy Corporation's revenue growing?
TC Energy Corporation (TRP) revenue grew by 16.2% year-over-year, from $9.6B to $11.1B in fiscal year 2025.
Is TC Energy Corporation profitable?
Yes, TC Energy Corporation (TRP) reported a net income of $2.6B in fiscal year 2025, with a net profit margin of 23.1%.
What is TC Energy Corporation's EBITDA?
TC Energy Corporation (TRP) had EBITDA of $7.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is TC Energy Corporation's gross margin?
TC Energy Corporation (TRP) had a gross margin of 98.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is TC Energy Corporation's operating margin?
TC Energy Corporation (TRP) had an operating margin of 52.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TC Energy Corporation's net profit margin?
TC Energy Corporation (TRP) had a net profit margin of 23.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does TC Energy Corporation pay dividends?
Yes, TC Energy Corporation (TRP) paid $2.48 per share in dividends during fiscal year 2025.
What is TC Energy Corporation's return on equity (ROE)?
TC Energy Corporation (TRP) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is TC Energy Corporation's operating cash flow?
TC Energy Corporation (TRP) generated $5.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TC Energy Corporation's total assets?
TC Energy Corporation (TRP) had $86.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is TC Energy Corporation's current ratio?
TC Energy Corporation (TRP) had a current ratio of 0.63 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is TC Energy Corporation's liabilities-to-equity ratio?
TC Energy Corporation (TRP) had a liabilities-to-equity ratio of 3.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is TC Energy Corporation's return on assets (ROA)?
TC Energy Corporation (TRP) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TC Energy Corporation's P/E ratio?
TC Energy Corporation (TRP) trades at 25.3x earnings, its market capitalization divided by $2.6B net income, FY2025. The market capitalization is $65.0B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TC Energy Corporation's price-to-sales ratio?
TC Energy Corporation (TRP) trades at 5.8x sales, its market capitalization divided by $11.1B revenue, FY2025. The market capitalization is $65.0B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TC Energy Corporation's Altman Z-Score?
TC Energy Corporation (TRP) has an Altman Z-Score of 0.90, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is TC Energy Corporation's Piotroski F-Score?
TC Energy Corporation (TRP) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TC Energy Corporation's earnings high quality?
TC Energy Corporation (TRP) has an earnings quality ratio of 2.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can TC Energy Corporation cover its interest payments?
TC Energy Corporation (TRP) has an interest coverage ratio of 2.36x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is TC Energy Corporation?
TC Energy Corporation (TRP) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.