Tc Energy (TRP) Gross Margin (2009 - 2026)
Tc Energy (TRP) posted Gross Margin of 98.16% for Q2 2026, down 0.54 percentage points from 98.69% a year earlier.
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Analysis
Tc Energy (TRP) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Tc Energy was 98.52%, down 0.09 percentage points year-over-year; for FY2025, it was 98.64%, up 0.21 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -1.36 percentage points (FY2020 to FY2025).
- In prior years, Tc Energy's Gross Margin was 98.42% in FY2024 (-0.97 pp), 99.40% in FY2023 (-0.42 pp), 99.82% in FY2022 (+0.47 pp) and 99.35% in FY2021 (-0.65 pp).
- The Q2 2026 figure stands as the lowest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin increased in 1 of the last four quarters, with an average year-over-year change of -0.05 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | - |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 80.39% |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 65.44% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 17.71% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | - |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 48.05% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 36.08% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 88.60% |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 22.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 98.38% |
| Mar 31, 2026 | 98.11% |
| Dec 31, 2025 | 98.68% |
| Sep 30, 2025 | 98.54% |
| Jun 30, 2025 | 98.69% |
| Mar 31, 2025 | 98.62% |
| Dec 31, 2024 | 97.71% |
| Sep 30, 2024 | 98.85% |
| Jun 30, 2024 | 99.00% |
| Mar 31, 2024 | 98.89% |
| Dec 31, 2023 | 99.10% |
| Dec 31, 2022 | 92.35% |
| Sep 30, 2022 | 96.63% |
| Jun 30, 2022 | 95.24% |
| Mar 31, 2022 | 96.34% |
| Dec 31, 2021 | 97.63% |
| Dec 31, 2019 | 99.97% |
| Jun 30, 2019 | 96.76% |
| Dec 31, 2018 | 93.62% |
| Sep 30, 2018 | 89.92% |
API Access
Tc Energy Gross 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=gross-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();