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) Operating margin
TC Energy Corporation's operating margin over the twelve months to 30 June 2026 was 53.9%, up 1.2 percentage points from fiscal 2025 (52.7%). Over the past ten years it has ranged from 2.00% (fiscal 2015) to 53.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 52.7% | (0.60) |
| FY2024 | 53.3% | 1.64 |
| FY2023 | 51.7% | 7.09 |
| FY2022 | 44.6% | 14.50 |
| FY2021 | 30.1% | (22.39) |
| FY2020 | 52.5% | 1.90 |
| FY2019 | 50.6% | 9.70 |
| FY2018 | 40.9% | 10.75 |
| FY2017 | 30.1% | 4.98 |
| FY2016 | 25.2% | 23.16 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 54.9% | (1.31) |
| Mar 2026 | 56.2% | 3.68 |
| Dec 2025 | 52.6% | 0.50 |
| Sep 2025 | 52.1% | (0.14) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TRP TC Energy Corporation | 53.9% |
| MPLX MPLX LP compare | 42.0% |
| WMB Williams Companies, Inc. (The) compare | 37.5% |
| KMI Kinder Morgan, Inc. compare | 29.0% |
| LNG Cheniere Energy, Inc. compare | 28.1% |
| TRGP Targa Resources, Inc. compare | 22.5% |
| OKE ONEOK, Inc. compare | 14.2% |
| EPD Enterprise Products Partners L.P. compare | 12.7% |
| ET Energy Transfer LP compare | 9.17% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on TRP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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