NYSE · NATURAL GAS TRANSMISSION · MID CAP
TC Energy Corp. TRP
16 fiscal years on record · CAD · FY2025 reported · SEC filings only
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Growth
CAD 15.2B
Revenue, FY2025 · full 16-year series below
Revenue CAD B
Net income CAD B
FY2025 · Revenue 15.2 · Net income 3.5
10B20B
201020132016201920222025
Compound annual growth
+7.4%
+3.2%
+3.0%
+5.5%
+67.6%
−5.3%
+7.0%
+72.2%
−7.2%
−1.9%
+1.0%
+5.0%
+5.2%
+3.2%
+3.3%
+7.4%
+11.2%
3 yrs
5 yrs
10 yrs
15 yrs
Revenue compounded at +3.2% a year over the five years to FY2025.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
27 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 52.7% · Net 26.9%
20%40%-5%-10%
201020172025
ROE
FY2025 · ROE 12.8%
5%10%15%-2%-4%-6%
201020172025
Three returns, three denominators.
Each CAD of equity produced 13 cents of profit this year.
The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · CAD
row low → row highnegative—not applicable◌not available in our data
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue CAD B | 15.2 | 13.8 | 13.3 | 12.3 | 13.4 | 13.0 | 13.3 | 13.7 | 13.4 | 12.5 | 11.4 | 10.2 | 8.8 | 8.0 | 7.8 | 6.9 |
| Operating income CAD B | 8.0 | 8.0 | 5.1 | 2.5 | 4.1 | 6.8 | 6.6 | 5.8 | 4.7 | 2.3 | 0.1 | 3.9 | 3.5 | 2.8 | 3.2 | 2.4 |
| EBITDA CAD B | 10.8 | 10.8 | 7.9 | 5.0 | 6.6 | 9.4 | 9.0 | 8.1 | 6.7 | 4.3 | 1.9 | 5.5 | 5.0 | 4.2 | 4.5 | ◌ |
| Income tax CAD B | 1.1 | 0.9 | 0.8 | 0.3 | 0.1 | 0.2 | 0.8 | 0.4 | −0.1 | 0.4 | 0.0 | 0.8 | 0.6 | 0.5 | 0.6 | 0.4 |
| Net income CAD B | 3.5 | 4.7 | 2.9 | 0.7 | 2.0 | 4.6 | 4.1 | 3.7 | 3.2 | 0.2 | −1.1 | 1.8 | 1.8 | 1.4 | 1.6 | 1.3 |
| Free cash flow CAD B | ◌ | −0.2 | −5.0 | −2.6 | −0.2 | −1.8 | −1.7 | −4.4 | −2.2 | 0.1 | 0.5 | 0.7 | −0.6 | 1.0 | 1.2 | −1.5 |
| EPS, diluted CAD | 3.27 | 4.43 | 2.75 | 0.64 | 1.86 | 4.74 | 4.27 | 3.92 | 3.43 | 0.16 | −1.75 | ◌ | ◌ | 1.84 | 2.17 | 1.78 |
| Dividend / sh CAD | 3.40 | 3.70 | 3.72 | 3.60 | 3.48 | 3.24 | 3.00 | 2.76 | 2.50 | 2.26 | 2.08 | 1.92 | 1.84 | 1.76 | 1.68 | 1.60 |
| Payout % | 100 | 84 | 95 | 427 | 170 | 65 | 43 | 42 | 42 | 616 | −126 | 73 | 72 | 91 | 61 | 56 |
| ROE % | 12.8 | 16.4 | 9.2 | 2.2 | 6.0 | 14.9 | 13.8 | 13.6 | 12.8 | 1.1 | −6.5 | 9.8 | 10.1 | 8.0 | 9.2 | 7.3 |
| Shares out B | 1.04 | 1.04 | 1.04 | 1.02 | 0.98 | 0.94 | 0.94 | 0.92 | 0.88 | 0.86 | 0.70 | 0.71 | 0.71 | 0.70 | 0.70 | ◌ |
Slide the table for earlier years. "—" not applicable · "◌" not available in our data.
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Provenance
Company facts, as filed
How we verify · 5 failures in 60 reconciliationsAUDITED
Reconciled in 11 of the 16 fiscal years we could check. Nine checks were skipped: cost of revenue is not tagged before 2016. Eight checks were skipped: the balance sheet is not tagged before 2011. Three checks were skipped: EPS is not tagged before 2010.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency5 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated inoutside the United States — SEC code A0
Fiscal year endsDecember 31
Data on record since2010