Tc Energy (TRP) FCF Margin (2009 - 2025)
Tc Energy (TRP) posted FCF Margin of 13.15% for Q4 2025, down 84.66% on a QoQ basis from 85.72% in Q3 2025, and down 26068.0% year-on-year from N/an in Q4 2024.
Tc Energy (TRP) FCF Margin (2009 - 2025) Analysis & Trends
Tc Energy has disclosed FCF Margin across 17 years of filings, most recently posting 13.15% for Q4 2025.
- FCF Margin for Q4 2025 came in at 13.15%, down 26068.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 65.12% (down 3613.0% YoY), and the FY2025 annual result was 13.62%, down 8807.0% from the prior year.
- FCF Margin came in at 13.15% for Q4 2025 at Tc Energy, down from 85.72% in the prior quarter.
- Over the last five years, FCF Margin for TRP reached as high as 273.82% in Q4 2024 and fell as low as 13.15% in Q4 2025.
- Median FCF Margin over the past 5 years was 91.86% (2022), compared with a mean of 94.8%.
- Year-over-year, FCF Margin surged 18124 bps in 2024 and plunged 26068 bps in 2025.
- Over 5 years, FCF Margin stood at 95.42% in 2021, then gained by 6 bps to 101.34% in 2022, then retreated by 9 bps to 92.59% in 2023, then surged by 196 bps to 273.82% in 2024, then plunged by 95 bps to 13.15% in 2025.
- Per Business Quant, the three latest TRP FCF Margin figures stand at 13.15% (Q4 2025), 85.72% (Q3 2025), and 87.66% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Torm | 26,839.46 Bn | 26,839.30 Bn | - | - |
| 2 | Imperial Petroleum | 730.62 Bn | 730.54 Bn | 50.64 Mn | - |
| 3 | Kinder Morgan | 450.75 Bn | 451.83 Bn | 3.08 Bn | 28.13% |
| 4 | Enterprise Products Partners | 316.77 Bn | 315.62 Bn | - | 3.38% |
| 5 | Energy Transfer | 263.37 Bn | 262.65 Bn | 6.62 Bn | 5.26% |
| 6 | Targa Resources | 235.18 Bn | 235.21 Bn | 1.70 Bn | -3.91% |
| 7 | Mplx | 230.21 Bn | 228.70 Bn | 2.54 Bn | 25.41% |
| 8 | Oneok | 224.24 Bn | 224.11 Bn | 2.57 Bn | 0.73% |
| 9 | Cheniere Energy | 210.54 Bn | 212.74 Bn | 5.86 Bn | 5.86% |
| 10 | Tc Energy | - | - | 2.95 Bn | 13.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.15% |
| Sep 30, 2025 | 85.72% |
| Jun 30, 2025 | 87.66% |
| Mar 31, 2025 | 80.57% |
| Dec 31, 2024 | 273.82% |
| Sep 30, 2024 | 89.91% |
| Jun 30, 2024 | 73.15% |
| Mar 31, 2024 | 85.34% |
| Dec 31, 2023 | 92.59% |
| Dec 31, 2022 | 101.34% |
| Sep 30, 2022 | 93.13% |
| Jun 30, 2022 | 60.63% |
| Mar 31, 2022 | 91.86% |
| Dec 31, 2021 | 95.42% |
| Sep 30, 2021 | 97.47% |
| Jun 30, 2021 | 91.92% |
| Mar 31, 2021 | 97.93% |
| Dec 31, 2020 | 118.38% |
| Dec 31, 2019 | 111.56% |
| Sep 30, 2019 | 108.62% |