TC Energy (TRP) Financial Ratios: P/E, ROE & More

TC Energy (TRP) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), TC Energy had a P/E ratio of 23.14 (up from 15.14), return on equity of 11.4% (down from 12.9%), debt-to-equity of 1.65 (up from 1.56) and a current ratio of 0.63 (up from 0.55). A current ratio of 0.63 means current liabilities exceed current assets. Its dividend yield was 4.50% with a payout ratio of 102.9%.

TC Energy Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	23.14	15.14	18.98	85.22	31.74	10.91
P/S Ratio	5.16	5.05	4.05	4.44	4.30	3.74
P/B Ratio	2.13	1.81	1.38	1.60	1.73	1.45
Price/Tangible Book	6.54	6.09	3.70	2.93	3.35	3.30
Price/FCF	38.19	51.97	-	-	59.64	-
Price/OCF	10.71	9.04	7.39	8.57	8.36	6.89
Enterprise Value Ratios
EV/Revenue	9.88	10.85	8.97	9.21	8.43	7.98
EV/EBITDA	15.79	17.96	14.28	14.81	12.26	12.36
EV/EBIT	22.26	25.82	20.21	22.36	16.89	17.88
EV/FCF	73.07	111.67	-	-	116.79	-
Profitability & Returns
Return on Equity (ROE)	11.44%	12.88%	6.72%	0.45%	6.12%	14.92%
Return on Assets (ROA)	3.57%	2.97%	3.07%	2.90%	4.08%	3.64%
Return on Invested Capital (ROIC)	5.50%	4.99%	4.61%	1.83%	7.53%	6.84%
Return on Capital Employed (ROCE)	6.20%	5.40%	5.20%	5.20%	7.30%	6.60%
Leverage & Solvency Ratios
Debt/Equity	1.65	1.56	1.63	1.72	1.59	1.50
Debt/EBITDA	6.33	7.12	7.55	7.58	5.72	5.89
Debt/FCF	29.62	44.85	-	-	55.09	-
Liquidity Ratios
Current Ratio	0.63	0.55	0.96	0.43	0.57	0.43
Quick Ratio	0.49	0.40	0.60	0.34	0.36	0.34
Efficiency Ratios
Asset Turnover	0.13	0.11	0.11	0.11	0.13	0.13
Inventory Turnover	6.17	5.95	4.87	5.12	6.07	7.17
Yield & Distribution Ratios
Earnings Yield	4.47%	6.76%	5.44%	1.37%	3.39%	9.49%
FCF Yield	2.62%	1.92%	-1.64%	-0.64%	1.68%	-2.21%
Dividend Yield	4.50%	5.53%	7.19%	6.71%	5.93%	9.23%
Payout Ratio	102.90%	86.25%	98.53%	440.91%	176.88%	68.15%
Buyback Yield	-0.19%	-0.78%	-3.41%	-2.26%	-3.62%	-0.97%
Total Return	4.31%	4.76%	3.77%	4.45%	2.31%	8.26%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TC Energy Financial Ratios

What is TC Energy's P/E ratio?

TC Energy's P/E ratio was 23.14 for fiscal 2025 (period ended Dec 31, 2025). It was 15.14 a year earlier.

What is TC Energy's return on equity?

TC Energy's return on equity (ROE) was 11.4% for fiscal 2025 (period ended Dec 31, 2025). It was 12.9% a year earlier.

What is TC Energy's debt-to-equity ratio?

TC Energy's debt-to-equity ratio was 1.65 for fiscal 2025 (period ended Dec 31, 2025). It was 1.56 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition