TCPA vs TRP
Transcanada Pipelines Ltd. and TC Energy Corp., side by side — 8 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | TCPA | TRP |
|---|---|---|
| Revenue | CAD 13.4B | CAD 15.2B |
| Net income | CAD 3.1B | CAD 3.5B |
| Gross margin | · | 98.6% |
| Net margin | 24.9% | 26.9% |
| Return on equity | 14.0% | 12.8% |
| Diluted EPS | · | CAD 3.27 |
| Dividend / share | · | CAD 3.40 |
| Payout ratio | 68.3% | 99.7% |
| Free cash flow | CAD -2.2B | · |
| Equity | CAD 22.4B | CAD 27.3B |
| Net debt / equity | 1.50× | 0.05× |
| Current ratio | 0.37× | 0.63× |
| Revenue CAGR 5y | 10.9% | 3.2% |
| Profit CAGR 5y | 18.0% | −5.3% |
TCPA and TRP book revenue within 15% of each other, and TRP keeps more of each dollar of revenue as profit (26.9% against 24.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | TCPA | TRP |
|---|---|---|
| FY2017 | CAD 13.4B | CAD 13.4B |
| FY2016 | CAD 12.5B | CAD 12.5B |
| FY2015 | CAD 11.4B | CAD 11.4B |
| FY2014 | CAD 10.2B | CAD 10.2B |
| FY2013 | CAD 8.8B | CAD 8.8B |
| FY2012 | CAD 8.0B | CAD 8.0B |
| FY2011 | CAD 7.8B | CAD 7.8B |
| FY2010 | CAD 6.9B | CAD 6.9B |
Bottom line
| Fiscal year | TCPA | TRP |
|---|---|---|
| FY2017 | CAD 3.1B | CAD 3.2B |
| FY2016 | CAD 321.0M | CAD 233.0M |
| FY2015 | CAD -1.1B | CAD -1.1B |
| FY2014 | CAD 1.8B | CAD 1.8B |
| FY2013 | CAD 1.8B | CAD 1.8B |
| FY2012 | CAD 1.4B | CAD 1.4B |
| FY2011 | CAD 1.5B | CAD 1.6B |
| FY2010 | CAD 1.3B | CAD 1.3B |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2017 | = | = |
| FY2016 | = | = |
| FY2015 | = | = |
| FY2014 | = | = |
| FY2013 | = | = |
| FY2012 | = | = |
| FY2011 | = | = |
| FY2010 | = | = |
The higher-revenue side has changed between TCPA and TRP over this period.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2017 | −0.4 pp | TRP |
| FY2016 | +0.7 pp | TCPA |
| FY2015 | = | = |
| FY2014 | +0.0 pp | TCPA |
| FY2013 | −0.2 pp | TRP |
| FY2012 | −0.2 pp | TRP |
| FY2011 | −1.0 pp | TRP |
| FY2010 | −0.6 pp | TRP |
The higher net margin has changed hands between TCPA and TRP over this period.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TRP's net margin has been more volatile than TCPA's over the 8 comparable fiscal years — 11.2 percentage points of standard deviation against 11.0.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between TCPA and TRP over these 8 fiscal years — TCPA led in 2 and TRP in 5.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TRP's return on equity has been more volatile than TCPA's over the 8 comparable fiscal years — 5.8 percentage points of standard deviation against 5.6.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between TCPA and TRP over these 8 fiscal years — TCPA led in 4 and TRP in 4.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.