Tc Energy (TRP) FCF Margin (2009 - 2026)
Tc Energy (TRP) recorded FCF Margin of 92.82% in the quarter ended Jun 30, 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 4.66 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 13.62%, down 88.07 percentage points from the prior year.
- Annual FCF Margin has a five-year change of -102.32 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, FCF Margin came in at 101.69% in the year ended Dec 31, 2024 (+5.83 pp), 95.86% in the year ended Dec 31, 2023 (+8.71 pp), 87.15% in the year ended Dec 31, 2022 (+125.15 pp) and -38.00% in the year ended Dec 31, 2021 (-153.94 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly FCF Margin since the quarter ended Dec 31, 2024.
- On a year-over-year basis, FCF Margin rose in three of the last five quarters, with an average year-over-year change of +0.67 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 17.24 percentage points in the quarter ended Jun 30, 2025, against a drop of 26.37 percentage points in the quarter ended Dec 31, 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn | 3.87% |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn | -15.00% |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - | 11.07% |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn | 21.84% |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn | 7.88% |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn | 92.82% |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn | 9.71% |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 6.94% |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn | 26.48% |
| 10 | Oneok | 58.67 Bn | 57.06 Bn | 2.81 Bn | 11.95% |
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% |
| Dec 31, 2024 | 104.11% |
| Sep 30, 2024 | 89.91% |
| Jun 30, 2024 | 70.42% |
| 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% |
| Sep 30, 2019 | 108.62% |
| Jun 30, 2019 | 94.44% |
| Dec 31, 2018 | 127.64% |
| Sep 30, 2018 | 118.31% |
| Mar 31, 2018 | 90.95% |
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();