Tc Energy (TRP) EBIT Margin (2009 - 2025)
Tc Energy (TRP) posted EBIT Margin of 68.07% for Q4 2025, up 0.89% on a QoQ basis from 67.47% in Q3 2025, and up 6240.0% year-on-year from 1.07% in Q4 2024.
Tc Energy (TRP) EBIT Margin (2009 - 2025) Analysis & Trends
Tc Energy has disclosed EBIT Margin across 17 years of filings, most recently posting 68.07% for Q4 2025.
- EBIT Margin for Q4 2025 came in at 68.07%, up 6240.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 68.3% (up 176.0% YoY), and the FY2025 annual result was 68.32%, up 195.0% from the prior year.
- EBIT Margin came in at 68.07% for Q4 2025 at Tc Energy, up from 67.47% in the prior quarter.
- Over the last five years, EBIT Margin for TRP reached as high as 74.78% in Q1 2024 and fell as low as 24.25% in Q1 2021.
- Median EBIT Margin over the past 5 years was 67.12% (2025), compared with a mean of 54.53%.
- Year-over-year, EBIT Margin soared 9185 bps in 2022 and slumped 6728 bps in 2024.
- Over 5 years, EBIT Margin stood at 23.02% in 2021, then surged by 171 bps to 62.48% in 2022, then increased by 17 bps to 72.95% in 2023, then slumped by 92 bps to 5.66% in 2024, then jumped by 1102 bps to 68.07% in 2025.
- Per Business Quant, the three latest TRP EBIT Margin figures stand at 68.07% (Q4 2025), 67.47% (Q3 2025), and 67.12% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Torm | 26,839.46 Bn | 26,839.30 Bn | - | - |
| 2 | Imperial Petroleum | 730.62 Bn | 730.54 Bn | 50.64 Mn | 42.94% |
| 3 | Kinder Morgan | 450.75 Bn | 451.83 Bn | 3.08 Bn | 29.91% |
| 4 | Enterprise Products Partners | 316.77 Bn | 315.62 Bn | - | 13.17% |
| 5 | Energy Transfer | 263.37 Bn | 262.65 Bn | 6.62 Bn | 10.74% |
| 6 | Targa Resources | 235.18 Bn | 235.21 Bn | 1.70 Bn | 20.68% |
| 7 | Mplx | 230.21 Bn | 228.70 Bn | 2.54 Bn | 39.96% |
| 8 | Oneok | 224.24 Bn | 224.11 Bn | 2.57 Bn | 14.85% |
| 9 | Cheniere Energy | 210.54 Bn | 212.74 Bn | 5.86 Bn | -59.44% |
| 10 | Tc Energy | - | - | 2.95 Bn | 68.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 68.07% |
| Sep 30, 2025 | 67.47% |
| Jun 30, 2025 | 67.12% |
| Mar 31, 2025 | 70.74% |
| Dec 31, 2024 | 5.66% |
| Sep 30, 2024 | 71.69% |
| Jun 30, 2024 | 72.56% |
| Mar 31, 2024 | 74.78% |
| Dec 31, 2023 | 72.95% |
| Dec 31, 2022 | 62.48% |
| Sep 30, 2022 | 61.31% |
| Jun 30, 2022 | 62.99% |
| Mar 31, 2022 | 67.60% |
| Dec 31, 2021 | 23.02% |
| Sep 30, 2021 | 47.81% |
| Jun 30, 2021 | 55.00% |
| Mar 31, 2021 | -24.25% |
| Dec 31, 2020 | 56.96% |
| Dec 31, 2019 | 68.60% |
| Sep 30, 2019 | -63,705.30% |