Tc Energy (TRP) EBITDA Margin (2009 - 2025)

Tc Energy's EBITDA Margin history runs 17 years deep, the most recent figure standing at 0.1% for Q4 2025.

• On a quarterly basis, EBITDA Margin fell 37.0% year-over-year to 0.1% in Q4 2025; TTM through Dec 2025 was 0.19%, a 198.0% increase from a year earlier, with the FY2025 full-year figure at 775.79%, down 8873.0% from the prior year.
• EBITDA Margin declined to 0.1% in Q4 2025 per TRP's latest filing, from 0.12% in the prior quarter.
• Across five years, EBITDA Margin topped out at 145.11% in Q2 2021 and bottomed at 60.7% in Q1 2021.
• The 5-year median for EBITDA Margin is 0.11% (2022), against an average of 12.57%.
• Across the five-year window, EBITDA Margin surged 14677 bps in 2021 and slumped 14582 bps in 2022, its largest moves.
• Year by year, EBITDA Margin stood at 57.11% in 2021, then sank by 100 bps to 0.1% in 2022, then plunged by 711 bps to 0.8% in 2023, then soared by 159 bps to 0.47% in 2024, then sank by 78 bps to 0.1% in 2025.
• Per Business Quant, the three latest TRP EBITDA Margin figures stand at 0.1% (Q4 2025), 0.12% (Q3 2025), and 0.23% (Q2 2025).