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. In the quarter to June 2026, revenue grew 5.59%, EPS grew 18.3%, free cash flow grew 24.2% and total debt rose 10.3%, each against the same quarter a year earlier.
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TC Energy Corporation (TRP) EV/Sales
As of 9 October 2026, TC Energy Corporation (TRP) trades at a EV/Sales of 9.4×. Over the past ten years it has ranged from 4.9× (September 2015) to 11.3× (December 2025); the current reading is higher than 88% of that period. That is above the Oil & Gas Midstream industry median of 3.8× and above the Energy sector median of 2.2×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 9.1× | 0.76% |
| FY2024 | 9.0× | 26.07% |
| FY2023 | 7.2× | 5.30% |
| FY2022 | 6.8× | (12.17%) |
| FY2021 | 7.7× | 5.83% |
| FY2020 | 7.3× | (11.80%) |
| FY2019 | 8.3× | 27.85% |
| FY2018 | 6.5× | (9.48%) |
| FY2017 | 7.2× | 1.41% |
| FY2016 | 7.1× | 28.48% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 10.0× | 3.44% |
| Mar 2026 | 9.6× | 5.82% |
| Dec 2025 | 9.1× | (17.95%) |
| Sep 2025 | 11.1× | 11.58% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ET Energy Transfer LP compare | 1.3× |
| EPD Enterprise Products Partners L.P. compare | 1.9× |
| OKE ONEOK, Inc. compare | 2.2× |
| LNG Cheniere Energy, Inc. compare | 3.8× |
| TRGP Targa Resources, Inc. compare | 4.8× |
| KMI Kinder Morgan, Inc. compare | 5.8× |
| MPLX MPLX LP compare | 6.2× |
| TRP TC Energy Corporation | 9.4× |
| WMB Williams Companies, Inc. (The) compare | 9.8× |
| Oil & Gas Midstream industry median | 3.8× |
| Energy sector median | 2.2× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)