TC ENERGY CORP (TRP) Stock Fundamental Analysis

NYSE:TRP • CA87807B1076

63.42 USD
+0.3 (+0.48%)
At close: Feb 24, 2026
63.42 USD
0 (0%)
After Hours: 2/24/2026, 7:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall TRP gets a fundamental rating of 4 out of 10. We evaluated TRP against 206 industry peers in the Oil, Gas & Consumable Fuels industry. TRP has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, TRP is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

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.
  • TRP had positive earnings in each of the past 5 years.
  • Each year in the past 5 years TRP had a positive operating cash flow.
TRP Yearly Net Income VS EBIT VS OCF VS FCFTRP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • TRP has a Return On Assets (2.86%) which is in line with its industry peers.
  • TRP has a better Return On Equity (12.46%) than 71.36% of its industry peers.
  • With a Return On Invested Capital value of 5.03%, TRP perfoms like the industry average, outperforming 44.66% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TRP is significantly below the industry average of 21.96%.
  • 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 RankSector 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%
TRP Yearly ROA, ROE, ROICTRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • TRP has a better Profit Margin (22.31%) than 80.58% of its industry peers.
  • In the last couple of years the Profit Margin of TRP has declined.
  • The Operating Margin of TRP (44.37%) is better than 89.81% of its industry peers.
  • TRP's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 69.69%, TRP is in the better half of the industry, outperforming 77.18% of the companies in the same industry.
  • TRP's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
TRP Yearly Profit, Operating, Gross MarginsTRP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • TRP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, TRP has about the same amount of shares outstanding.
  • Compared to 5 years ago, TRP has more shares outstanding
  • TRP has a worse debt/assets ratio than last year.
TRP Yearly Shares OutstandingTRP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TRP Yearly Total Debt VS Total AssetsTRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

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 of 0.80. This is comparable to the rest of the industry: TRP outperforms 41.26% of its industry peers.
  • TRP has a debt to FCF ratio of 29.22. This is a negative value and a sign of low solvency as TRP would need 29.22 years to pay back of all of its debts.
  • TRP's Debt to FCF ratio of 29.22 is in line compared to the rest of the industry. TRP outperforms 44.66% of its industry peers.
  • A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.15, TRP is doing worse than 82.04% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Altman-Z 0.8
ROIC/WACC0.76
WACC6.63%
TRP Yearly LT Debt VS Equity VS FCFTRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

2.3 Liquidity

  • TRP has a Current 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.
  • With a Current ratio value of 0.63, TRP is not doing good in the industry: 76.21% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.56 indicates that TRP may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.56, TRP is not doing good in the industry: 76.21% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP Yearly Current Assets VS Current LiabilitesTRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • TRP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.66%.
  • The Revenue has been growing slightly by 3.23% on average over the past years.
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

  • Based on estimates for the next years, TRP will show a small growth in Earnings Per Share. The EPS will grow by 6.32% on average per year.
  • TRP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.39% yearly.
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.
TRP Yearly Revenue VS EstimatesTRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP Yearly EPS VS EstimatesTRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.68, TRP is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of TRP is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 26.98. TRP is around the same levels.
  • A Price/Forward Earnings ratio of 22.92 indicates a rather expensive valuation of TRP.
  • TRP's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. TRP is around the same levels.
Industry RankSector Rank
PE 24.68
Fwd PE 22.92
TRP Price Earnings VS Forward Price EarningsTRP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 63.59% of the companies in the same industry are cheaper than TRP, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as TRP.
Industry RankSector Rank
P/FCF 43.87
EV/EBITDA 15.26
TRP Per share dataTRP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRP does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of TRP may justify a higher PE ratio.
PEG (NY)3.25
PEG (5Y)N/A
EPS Next 2Y5.87%
EPS Next 3Y6.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.10%, TRP is a good candidate for dividend investing.
  • TRP's Dividend Yield is a higher than the industry average which is at 3.52.
  • TRP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.1%

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
TRP Yearly Dividends per shareTRP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • TRP pays out 106.50% of its income as dividend. 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%
TRP Yearly Income VS Free CF VS DividendTRP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
TRP Dividend Payout.TRP Dividend Payout, showing the Payout Ratio.TRP Dividend Payout.PayoutRetained Earnings

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TC ENERGY CORP

NYSE:TRP (2/24/2026, 7:00:00 PM)

After market: 63.42 0 (0%)

63.42

+0.3 (+0.48%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)04-29
Inst Owners83.73%
Inst Owner Change-9.38%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap66.02B
Revenue(TTM)15.24B
Net Income(TTM)3.40B
Analysts74.4
Price Target58.67 (-7.49%)
Short Float %0.64%
Short Ratio2.93
Dividend
Industry RankSector Rank
Dividend Yield 4.1%
Yearly Dividend2.54
Dividend Growth(5Y)0.77%
DP106.5%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
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)1.81%
PT rev (3m)5.83%
EPS NQ rev (1m)-3.03%
EPS NQ rev (3m)-3.17%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.16%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)4.32%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.13%
Valuation
Industry RankSector Rank
PE 24.68
Fwd PE 22.92
P/S 5.93
P/FCF 43.87
P/OCF 12.3
P/B 3.31
P/tB 6.5
EV/EBITDA 15.26
EPS(TTM)2.57
EY4.05%
EPS(NY)2.77
Fwd EY4.36%
FCF(TTM)1.45
FCFY2.28%
OCF(TTM)5.15
OCFY8.13%
SpS10.69
BVpS19.15
TBVpS9.76
PEG (NY)3.25
PEG (5Y)N/A
Graham Number33.28
Profitability
Industry RankSector 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 RankSector 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
WACC6.63%
ROIC/WACC0.76
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%.