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) Return on invested capital

Alert me on Return on invested capital

TC Energy Corporation's return on invested capital over the twelve months to 30 June 2026 was 5.39%, up 0.1 percentage points from fiscal 2025 (5.25%). Over the past ten years it has ranged from 0.28% (fiscal 2015) to 5.54% (fiscal 2020); the current reading is higher than 82% of that period. That is below the Oil & Gas Midstream industry median of 6.10% and in line with the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 5.25% 0.50
FY2024 4.75% (0.47)
FY2023 5.22% 0.34
FY2022 4.88% 1.75
FY2021 3.13% (2.41)
FY2020 5.54% 0.07
FY2019 5.47% 0.99
FY2018 4.48% 0.73
FY2017 3.75% 0.90
FY2016 2.85% 2.57

Against its own ten years

Low 0.28% High 5.54%
Ten-year median 4.75%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
LNG Cheniere Energy, Inc. compare 12.0%
TRGP Targa Resources, Inc. compare 10.8%
MPLX MPLX LP compare 8.76%
EPD Enterprise Products Partners L.P. compare 7.93%
OKE ONEOK, Inc. compare 6.30%
ET Energy Transfer LP compare 6.07%
WMB Williams Companies, Inc. (The) compare 5.46%
TRP TC Energy Corporation 5.39%
KMI Kinder Morgan, Inc. compare 5.11%
Oil & Gas Midstream industry median 6.10%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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