Friday 6 November 2026 Export TRP’s income statement to Excel — free account

TC Energy Corporation

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%

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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

Overview

TC Energy Corporation (TRP) Price to free cash flow

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As of 5 November 2026, TC Energy Corporation (TRP) trades at a price to free cash flow of 22.3×. Over the past ten years it has ranged from 0.0× (June 2024) to 670× (January 2017); the current reading is higher than 53% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

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<iframe src="https://stockrow.com/embed/TRP/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="TC Energy Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/TRP/metrics/price-to-free-cash-flow">TC Energy Corporation (TRP) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	38.5×	26.78%
FY2024	30.4×	—
FY2023	0.0×	—
FY2022	0.0×	—
FY2021	52.1×	171.13%
FY2020	19.2×	(36.20%)
FY2019	30.1×	—
FY2018	0.0×	—
FY2017	16.2×	(97.36%)
FY2016	613×	310.06%

Period	Price to free cash flow	Change
Jun 2026	23.6×	(0.71%)
Mar 2026	23.8×	(38.30%)
Dec 2025	38.5×	(2.85%)
Sep 2025	39.6×	25.41%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 670×

Ten-year median 21.4×

Current reading's percentile 53

Company	Price to free cash flow
WMB Williams Companies, Inc. (The) compare	n/m
ET Energy Transfer LP compare	9.9×
MPLX MPLX LP compare	14.0×
LNG Cheniere Energy, Inc. compare	15.3×
EPD Enterprise Products Partners L.P. compare	17.3×
OKE ONEOK, Inc. compare	21.6×
TRP TC Energy Corporation	22.3×
KMI Kinder Morgan, Inc. compare	25.5×
TRGP Targa Resources, Inc. compare	62.7×
Oil & Gas Midstream industry median	8.5×
Energy sector median	8.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

TC Energy Corporation (TRP) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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