MARKETS / NYSE / TRP

NYSE · NATURAL GAS TRANSMISSION · MID CAP

TC Energy Corp. TRP

16 fiscal years on record · CAD · FY2025 reported · SEC filings only

Revenue

CAD 15.2B

▲ 10.7% YoY

Net income

CAD 3.5B

▼ 25.1% YoY

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

Compound annual growth

Revenue

+7.9%

+3.8%

+3.0%

+5.5%

Net income

+67.6%

−5.3%

+7.0%

EPS, diluted

+72.2%

−7.2%

+4.1%

Dividend / share

−1.9%

+1.0%

+5.0%

+5.2%

Returned to shareholders

+3.2%

+3.3%

+7.4%

+11.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.8% a year over five years.

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%

ROE

FY2025 · ROE 12.8%

Gross margin98.6%

Operating margin52.7%

Net margin26.9%

Return on assets3.5%

EBITDACAD 10.8B

Each CAD of equity produced 13 cents of profit this year.

Cash & shareholders

CAD 3.5B

returned in FY2025 · dividends + net buybacks

Free cash flow CAD B

FY2024 · FCF -0.2

Net buybacks CAD B Dividends CAD B

FY2025 · Dividends 3.5 · Net buybacks —

Dividends paidCAD 3.5B

Net buybacks—

Share of profit99.7%

Consecutive raises—

CAD 3.5B in dividends — 100% of the year's profit went back to shareholders.

Total assetsCAD 118.8B

EquityCAD 27.3B

CashCAD 168.0M

Gross debtCAD 1.5B

Net debtCAD 1.4B

Current ratio0.63×

Net debt stands at 5% of equity.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · CAD

row low → row highnegative

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	12.1	13.0	12.6	12.7	12.8	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	9.4	·
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 · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

TC Energy Corp.vsTranscanada Pipelines Ltd.Same industry: Natural Gas Transmission

Provenance

Company facts, as filed

How we verify · 5 failures in 60 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente5 failures

ActivityNatural Gas Transmission

Listed onNYSE

Incorporated inoutside the United States — SEC code A0

Fiscal year endsDecember 31

Data on record since2010