TC ENERGY CORP (TRP) Stock Fundamental Analysis
NYSE:TRP • CA87807B1076
62.21 USD
-1.33 (-2.09%)
At close: Feb 17, 2026
62.21 USD
0 (0%)
After Hours: 2/17/2026, 4:52:22 PM
Taking everything into account, TRP scores 4 out of 10 in our fundamental rating. TRP was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, TRP is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- TRP had positive earnings in the past year.
- In the past year TRP had a positive cash flow from operations.
- Each year in the past 5 years TRP has been profitable.
- Each year in the past 5 years TRP had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 2.86%, TRP perfoms like the industry average, outperforming 48.06% of the companies in the same industry.
- The Return On Equity of TRP (12.46%) is better than 70.39% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 5.03%, TRP is in line with its industry, outperforming 44.66% of the companies in the same industry.
- TRP had an Average Return On Invested Capital over the past 3 years of 4.55%. This is significantly below the industry average of 22.00%.
- The last Return On Invested Capital (5.03%) for TRP is above the 3 year average (4.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.86% | ||
| ROE | 12.46% | ||
| ROIC | 5.03% |
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
1.3 Margins
- The Profit Margin of TRP (22.31%) is better than 80.10% of its industry peers.
- TRP's Profit Margin has declined in the last couple of years.
- TRP has a better Operating Margin (44.37%) than 89.81% of its industry peers.
- TRP's Operating Margin has been stable in the last couple of years.
- TRP's Gross Margin of 69.69% is fine compared to the rest of the industry. TRP outperforms 77.67% of its industry peers.
- In the last couple of years the Gross Margin of TRP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.37% | ||
| PM (TTM) | 22.31% | ||
| GM | 69.69% |
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRP is destroying value.
- TRP has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for TRP has been increased compared to 5 years ago.
- Compared to 1 year ago, TRP has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.80, we must say that TRP is in the distress zone and has some risk of bankruptcy.
- TRP has a Altman-Z score (0.80) which is comparable to the rest of the industry.
- The Debt to FCF ratio of TRP is 29.22, which is on the high side as it means it would take TRP, 29.22 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 29.22, TRP is in line with its industry, outperforming 43.20% of the companies in the same industry.
- A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP has dependencies on debt financing.
- The Debt to Equity ratio of TRP (2.15) is worse than 81.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 29.22 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.75
WACC6.73%
2.3 Liquidity
- A Current Ratio of 0.63 indicates that TRP may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.63, TRP is doing worse than 75.73% of the companies in the same industry.
- TRP has a Quick Ratio of 0.63. This is a bad value and indicates that TRP is not financially healthy enough and could expect problems in meeting its short term obligations.
- TRP has a worse Quick ratio (0.56) than 76.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
- TRP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.63%.
- The Earnings Per Share has been decreasing by -3.47% on average over the past years.
- The Revenue has grown by 10.66% in the past year. This is quite good.
- Measured over the past years, TRP shows a small growth in Revenue. The Revenue has been growing by 3.23% on average per year.
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%
3.2 Future
- TRP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.32% yearly.
- Based on estimates for the next years, TRP will show a small growth in Revenue. The Revenue will grow by 4.39% on average per year.
EPS Next Y7.6%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
EPS Next 5Y6.32%
Revenue Next Year5.83%
Revenue Next 2Y4.05%
Revenue Next 3Y5.12%
Revenue Next 5Y4.39%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 24.11, the valuation of TRP can be described as rather expensive.
- TRP's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 27.19. TRP is around the same levels.
- A Price/Forward Earnings ratio of 22.38 indicates a rather expensive valuation of TRP.
- TRP's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, TRP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.11 | ||
| Fwd PE | 22.38 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP indicates a slightly more expensive valuation: TRP is more expensive than 64.56% of the companies listed in the same industry.
- TRP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.84 | ||
| EV/EBITDA | 15.28 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- TRP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.17
PEG (5Y)N/A
EPS Next 2Y5.87%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.06%, TRP is a good candidate for dividend investing.
- TRP's Dividend Yield is a higher than the industry average which is at 3.57.
- TRP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
5.2 History
- The dividend of TRP has a limited annual growth rate of 0.77%.
- TRP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.77%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 106.50% of the earnings are spent on dividend by TRP. This is not a sustainable payout ratio.
- The dividend of TRP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP106.5%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
62.21
-1.33 (-2.09%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13 2026-02-13/bmo
Earnings (Next)04-29 2026-04-29/bmo
Inst Owners83.73%
Inst Owner Change-4.85%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap64.76B
Revenue(TTM)15.24B
Net Income(TTM)3.40B
Analysts74.4
Price Target58.67 (-5.69%)
Short Float %0.64%
Short Ratio2.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Yearly Dividend2.56
Dividend Growth(5Y)0.77%
DP106.5%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2026-03-31 (0.8775)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.31%
Min EPS beat(2)-4.57%
Max EPS beat(2)5.19%
EPS beat(4)2
Avg EPS beat(4)0.26%
Min EPS beat(4)-4.57%
Max EPS beat(4)5.19%
EPS beat(8)5
Avg EPS beat(8)-3.86%
EPS beat(12)8
Avg EPS beat(12)-0.4%
EPS beat(16)10
Avg EPS beat(16)0.18%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)0.31%
Revenue beat(4)3
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-0.72%
Max Revenue beat(4)4.32%
Revenue beat(8)5
Avg Revenue beat(8)-5.88%
Revenue beat(12)7
Avg Revenue beat(12)-3.74%
Revenue beat(16)10
Avg Revenue beat(16)-2.1%
PT rev (1m)1.47%
PT rev (3m)8.38%
EPS NQ rev (1m)-5.84%
EPS NQ rev (3m)-7.37%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-2.1%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.11 | ||
| Fwd PE | 22.38 | ||
| P/S | 5.79 | ||
| P/FCF | 42.84 | ||
| P/OCF | 12.01 | ||
| P/B | 3.23 | ||
| P/tB | 6.35 | ||
| EV/EBITDA | 15.28 |
EPS(TTM)2.58
EY4.15%
EPS(NY)2.78
Fwd EY4.47%
FCF(TTM)1.45
FCFY2.33%
OCF(TTM)5.18
OCFY8.32%
SpS10.74
BVpS19.24
TBVpS9.8
PEG (NY)3.17
PEG (5Y)N/A
Graham Number33.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.86% | ||
| ROE | 12.46% | ||
| ROCE | 6.22% | ||
| ROIC | 5.03% | ||
| ROICexc | 5.11% | ||
| ROICexgc | 5.83% | ||
| OM | 44.37% | ||
| PM (TTM) | 22.31% | ||
| GM | 69.69% | ||
| FCFM | 13.52% |
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
ROICexc(3y)4.65%
ROICexc(5y)4.76%
ROICexgc(3y)5.29%
ROICexgc(5y)5.43%
ROCE(3y)5.6%
ROCE(5y)5.9%
ROICexgc growth 3Y1.8%
ROICexgc growth 5Y-0.95%
ROICexc growth 3Y1.97%
ROICexc growth 5Y-0.45%
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
F-Score7
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 29.22 | ||
| Debt/EBITDA | 6.15 | ||
| Cap/Depr | 190.9% | ||
| Cap/Sales | 34.69% | ||
| Interest Coverage | 2.06 | ||
| Cash Conversion | 77.07% | ||
| Profit Quality | 60.59% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 0.8 |
F-Score7
WACC6.73%
ROIC/WACC0.75
Cap/Depr(3y)237.43%
Cap/Depr(5y)241.5%
Cap/Sales(3y)47.43%
Cap/Sales(5y)46.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
EPS Next Y7.6%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
EPS Next 5Y6.32%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%
Revenue Next Year5.83%
Revenue Next 2Y4.05%
Revenue Next 3Y5.12%
Revenue Next 5Y4.39%
EBIT growth 1Y16.87%
EBIT growth 3Y3.61%
EBIT growth 5Y3.1%
EBIT Next Year48.58%
EBIT Next 3Y17.71%
EBIT Next 5Y11.78%
FCF growth 1Y53.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-4.55%
OCF growth 3Y4.84%
OCF growth 5Y0.8%
TC ENERGY CORP / TRP FAQ
Can you provide the ChartMill fundamental rating for TC ENERGY CORP?
ChartMill assigns a fundamental rating of 4 / 10 to TRP.
What is the valuation status for TRP stock?
ChartMill assigns a valuation rating of 2 / 10 to TC ENERGY CORP (TRP). This can be considered as Overvalued.
How profitable is TC ENERGY CORP (TRP) stock?
TC ENERGY CORP (TRP) has a profitability rating of 6 / 10.
What is the earnings growth outlook for TC ENERGY CORP?
The Earnings per Share (EPS) of TC ENERGY CORP (TRP) is expected to grow by 7.6% in the next year.
Can you provide the dividend sustainability for TRP stock?
The dividend rating of TC ENERGY CORP (TRP) is 6 / 10 and the dividend payout ratio is 106.5%.