Tc Energy (TCENF) Return on Invested Capital (2009 - 2025)

Tc Energy's Return on Invested Capital history runs 17 years deep, the most recent figure standing at 0.0% for Q4 2025.

• In Q4 2025, Return on Invested Capital changed 0.0% year-over-year to 0.0%; the TTM figure through Dec 2025 stood at 0.0% (changed 0.0% YoY), while the FY2025 annual figure was 0.0%, changed 0.0% from the prior year.
• Return on Invested Capital was 0.0% for Q4 2025 at Tc Energy, up from 0.0% in the prior quarter.
• In the past five years, Return on Invested Capital ranged from a high of 0.0% in Q1 2023 to a low of 0.0% in Q3 2021.
• Historically, Return on Invested Capital has averaged 0.0% across 5 years, with a median of 0.0% in 2022.
• Biggest YoY gain for Return on Invested Capital was 136 bps in 2021; the steepest drop was 0 bps in 2021.
• A 5-year view of Return on Invested Capital shows it stood at 0.0% in 2021, then soared by 167 bps to 0.0% in 2022, then slumped by 42 bps to 0.0% in 2023, then jumped by 65 bps to 0.0% in 2024, then climbed by 22 bps to 0.0% in 2025.
• The last three Return on Invested Capital figures came in at 0.0% (Q4 2025), 0.0% (Q3 2025), and 0.0% (Q2 2025), per Business Quant data.