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

Tc Energy's FCF Margin history runs 17 years deep, the most recent figure standing at 97.53% for Q4 2025.

• On a quarterly basis, FCF Margin fell 2587.0% year-over-year to 97.53% in Q4 2025; TTM through Dec 2025 was 103.34%, a 240.0% increase from a year earlier, with the FY2025 full-year figure at 103.04%, down 1916.0% from the prior year.
• FCF Margin slipped to 97.53% in Q4 2025 per TRP's latest filing, from 117.41% in the prior quarter.
• Across five years, FCF Margin topped out at 247.69% in Q3 2021 and bottomed at 21.93% in Q2 2024.
• The 5-year median for FCF Margin is 118.43% (2022), against an average of 120.3%.
• Across the five-year window, FCF Margin jumped 10892 bps in 2021 and slumped 17446 bps in 2022, its largest moves.
• Year by year, FCF Margin stood at 95.42% in 2021, then tumbled by 47 bps to 50.51% in 2022, then slipped by 12 bps to 44.38% in 2023, then jumped by 178 bps to 123.41% in 2024, then retreated by 21 bps to 97.53% in 2025.
• Per Business Quant, the three latest TRP FCF Margin figures stand at 97.53% (Q4 2025), 117.41% (Q3 2025), and 127.88% (Q2 2025).