TC Energy Corporation

TRP

$62.88

+0.62%

N/A+$0.39

Energy

Oil & Gas Midstream

NYSE

Active Trading

TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations ...

Financial Highlights of TRP

Profitability trend

Latest / TTM · 6 periods

Gross Margin

51.5%

Net Margin

22.5%

P/E Ratio

26.03x

n/a

Debt / Equity

2.30

n/a

Current Ratio

0.61

Dividend Yield

4.0%

Understanding

TTM —

Current ratio below 1.0

High debt to equity

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

51.5%

Net Margin

22.5%

P/E Ratio

26.03x

Debt / Equity

2.30

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	49.9%	47.1%	50.3%	48.0%	50.0%	—
Operating MarginOperating income as a percentage of revenue.	44.1%	41.2%	44.4%	42.0%	44.2%	—
Net MarginNet income as a percentage of revenue.	14.6%	6.1%	22.0%	34.1%	23.2%	—
EBITDA MarginEBITDA divided by revenue.	50.1%	42.6%	65.3%	81.5%	76.4%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	16.2%	11.2%	24.9%	42.9%	35.8%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	0.57	0.43	0.96	0.55	0.63	—
Quick RatioLiquid assets divided by current liabilities.	0.51	0.38	0.90	0.47	0.56	—
Cash RatioCash and equivalents divided by current liabilities.	0.05	0.04	0.31	0.08	0.03	—
Debt / AssetsDebt as a share of total assets.	51.0%	51.3%	50.9%	50.6%	51.4%	—
Debt / EquityDebt compared with shareholder equity.	1.60	1.73	2.15	2.17	2.23	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	2.97x	3.02x	4.60x	4.43x	5.05x	—
Inventory TurnoverHow often inventory is sold in a year.	9.26x	6.96x	8.56x	9.59x	9.71x	—
Payables TurnoverHow often payables are paid in a year.	1.60x	1.50x	2.13x	1.94x	2.33x	—
Asset TurnoverRevenue generated per dollar of assets.	0.13x	0.11x	0.11x	0.12x	0.13x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	-2.16x	-1.62x	-2.65x	-5.27x	-3.61x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	28.65x	76.83x	17.72x	15.10x	23.08x	—
P/B RatioPrice paid for each dollar of book value.	1.57x	1.44x	1.64x	2.52x	2.88x	—
P/S RatioPrice paid for each dollar of sales.	3.89x	3.97x	3.66x	5.04x	5.17x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	53.97x	-138.99x	-55.12x	51.91x	38.11x	—
Dividend YieldAnnual dividend divided by current share price.	6.6%	6.7%	5.9%	5.8%	4.6%	—

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