stockrowTC 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
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TC Energy Corporation (TRP) Gross margin
TC Energy Corporation's gross margin over the twelve months to 30 June 2026 was 70.4%, up 0.8 percentage points from fiscal 2025 (69.7%). Over the past ten years it has ranged from 67.1% (fiscal 2022) to 73.8% (fiscal 2018); the current reading is higher than 55% of that period. That is above the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 69.7% | 1.74 |
| FY2024 | 68.0% | (1.38) |
| FY2023 | 69.3% | 2.26 |
| FY2022 | 67.1% | (2.32) |
| FY2021 | 69.4% | (0.78) |
| FY2020 | 70.2% | (0.34) |
| FY2019 | 70.5% | (3.24) |
| FY2018 | 73.8% | 2.79 |
| FY2017 | 71.0% | 1.50 |
| FY2016 | 69.5% | (1.78) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 70.2% | (2.91) |
| Mar 2026 | 73.1% | 3.68 |
| Dec 2025 | 69.5% | 0.53 |
| Sep 2025 | 68.9% | 0.50 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.1% |
| TRP TC Energy Corporation | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.4% |
| MPLX MPLX LP compare | 57.6% |
| TRGP Targa Resources, Inc. compare | 41.8% |
| LNG Cheniere Energy, Inc. compare | 36.4% |
| OKE ONEOK, Inc. compare | 25.2% |
| ET Energy Transfer LP compare | 21.3% |
| EPD Enterprise Products Partners L.P. compare | 12.5% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on TRP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement