Tc Energy (TRP) FCF Margin (2009 - 2026)
Tc Energy (TRP) recorded FCF Margin of 92.82% in Q2 2026, up 5.16 percentage points from 87.66% a year earlier.
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Analysis
Tc Energy (TRP) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Tc Energy's FCF Margin came in at 85.87% as of Jun 30, 2026, down 0.06 percentage points year-over-year; for FY2025, it came in at 13.52%, up 3.80 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +21.80 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 9.72% in FY2024 (+16.36 pp), -6.64% in FY2023 (-3.78 pp), -2.86% in FY2022 (-10.08 pp) and 7.22% in FY2021 (+15.50 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin since Q4 2024.
- On a year-over-year basis, FCF Margin rose in two of the last four quarters, with an average year-over-year change of -2.04 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.82 Bn | 99.42 Bn | 4.84 Bn | 3.87% |
| 2 | Williams Companies | 82.27 Bn | 79.29 Bn | 2.59 Bn | -30.53% |
| 3 | Enterprise Products Partners | 79.55 Bn | 77.91 Bn | - | 6.28% |
| 4 | Kinder Morgan | 68.17 Bn | 67.03 Bn | 2.97 Bn | 12.03% |
| 5 | Energy Transfer | 65.82 Bn | 61.66 Bn | 6.57 Bn | 5.76% |
| 6 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 7 | Cheniere Energy | 59.41 Bn | 53.55 Bn | 2.97 Bn | 28.09% |
| 8 | Targa Resources | 58.56 Bn | 58.02 Bn | 2.02 Bn | 2.15% |
| 9 | Mplx | 57.63 Bn | 51.65 Bn | 3.19 Bn | 18.92% |
| 10 | Oneok | 54.26 Bn | 53.66 Bn | 2.84 Bn | 3.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.49% |
| Mar 31, 2026 | 95.13% |
| 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% |
| Jun 30, 2021 | 91.92% |
| Sep 30, 2020 | 120.38% |
| Dec 31, 2019 | 111.56% |
| Jun 30, 2019 | 94.44% |
API Access
Tc Energy FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "TRP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();