TC Energy Corporation

TRP Energy Oil & Gas Midstream

TC Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.9 billion, up 8.52% from fiscal 2024.

Revenue
+5.59%
EPS
+18.3%
Free cash flow
+24.2%
Total debt
+10.3%

Quarter to June 2026, against a year earlier

62.72 0.11 +0.18%
Market cap
$65.2B
P/E
26.0×
Fwd P/E
23.4×
Dividend yield
3.99%
F-score
6/9
Altman Z
0.83
Beneish M
−2.50
Dividend safety
0/100

TC Energy Corporation (TRP) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, TC Energy Corporation (TRP) trades at a EV/FCF of 37.3×. Over the past ten years it has ranged from −3,852× (November 2022) to 1,304× (January 2017); the current reading is higher than 48% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 66.8× 17.03%
FY2024 57.1× —
FY2023 −155× —
FY2022 −323× —
FY2021 99.0× 166.79%
FY2020 37.1× (28.91%)
FY2019 52.2× —
FY2018 −38.0× —
FY2017 29.0× (97.67%)
FY2016 1,246× 292.17%

Quarterly newest first

Period EV/FCF Change
Jun 2026 38.6× (1.79%)
Mar 2026 39.3× (41.16%)
Dec 2025 66.8× (2.79%)
Sep 2025 68.7× 21.31%
42 more quarters

Against its own ten years

Low −3,852× High 1,304×
Ten-year median 38.6×
Current reading's percentile 19

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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