Tc Energy (TRP) FCF Margin (2009 - 2026)
Tc Energy (TRP) posted FCF Margin of 92.82% for Q2 2026, up 19.41% on a QoQ basis from 77.74% in Q4 2025, and up 516.0% year-over-year from 15.07% in Q2 2025.
Analysis
Tc Energy (TRP) FCF Margin (2009 - 2026) Analysis & Trends
Tc Energy has reported FCF Margin for 18 years, with the latest figure at 92.82% in Q2 2026.
- On a quarterly basis, FCF Margin rose 516.0% year-over-year to 92.82% in Q2 2026; TTM through Jun 2026 was 85.87%, a 466.0% decrease from a year earlier, with the FY2025 full-year figure at 13.62%, down 8807.0% from the prior year.
- FCF Margin was 92.82% for Q2 2026 at Tc Energy, up from 77.74% in the prior quarter.
- The five-year high for FCF Margin was 298.25% in Q4 2022, with the low at 60.63% in Q2 2022.
- Average FCF Margin over 5 years is 100.96%, with a median of 88.78% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 20283 bps in 2022, then tumbled 20566 bps in 2023.
- Over 5 years, FCF Margin stood at 298.25% in 2022, then plunged by 69 bps to 92.59% in 2023, then grew by 12 bps to 104.11% in 2024, then slipped by 25 bps to 77.74% in 2025, then grew by 19 bps to 92.82% in 2026.
- The last three FCF Margin figures came in at 92.82% (Q2 2026), 77.74% (Q4 2025), and 85.72% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.82% |
| Dec 31, 2025 | 77.74% |
| Sep 30, 2025 | 85.72% |
| Jun 30, 2025 | 87.66% |
| Mar 31, 2025 | 80.57% |
| Dec 31, 2024 | 104.11% |
| Sep 30, 2024 | 89.91% |
| Jun 30, 2024 | 73.15% |
| Mar 31, 2024 | 85.34% |
| Dec 31, 2023 | 92.59% |
| Dec 31, 2022 | 298.25% |
| 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% |
| Sep 30, 2020 | 120.38% |