Tc Energy (TRP) Gross Margin (2009 - 2026)
Tc Energy (TRP) posted quarterly Gross Margin of 93.97% for Q4 2024, down 513.0% year-over-year from 22.75% in Q1 2024, and down 4.94% quarter-over-quarter from 98.85% in Q3 2024.
Tc Energy (TRP) Gross Margin (2009 - 2026) Analysis & Trends
Tc Energy's Gross Margin history runs 14 years deep, the most recent figure standing at 93.97% for Q4 2024.
- In Q4 2024, Gross Margin fell 513.0% year-over-year to 93.97%; the TTM figure through Dec 2024 stood at 98.44% (up 120.0% YoY), while the FY2025 annual figure was 98.64%, up 21.0% from the prior year.
- Gross Margin for Q4 2024 stood at 93.97%, down from 98.85% in the prior quarter.
- The five-year high for Gross Margin was 99.1% in Q4 2023, with the low at 93.97% in Q4 2024.
- The 3-year median for Gross Margin is 98.32% (2023), against an average of 97.43%.
- Peak annual rise in Gross Margin reached 111 bps in 2024, while the deepest fall reached 513 bps in 2024.
- Tc Energy's Gross Margin stood at 96.63% in 2022, then climbed by 3 bps to 99.1% in 2023, then retreated by 5 bps to 93.97% in 2024.
- Business Quant data shows TRP's Gross Margin at 93.97% in Q4 2024, 98.85% in Q3 2024, and 99.0% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | - |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 95.91% |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 23.30% |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 92.34% |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 95.91% |
| Dec 31, 2025 | 97.17% |
| Sep 30, 2025 | 96.70% |
| Jun 30, 2025 | 97.12% |
| Mar 31, 2025 | 97.31% |
| Dec 31, 2024 | 93.97% |
| Sep 30, 2024 | 98.85% |
| Jun 30, 2024 | 99.00% |
| Mar 31, 2024 | 98.89% |
| Dec 31, 2023 | 99.10% |
| Mar 31, 2023 | 97.79% |
| Sep 30, 2022 | 96.63% |
| Jun 30, 2022 | 95.24% |
| Dec 31, 2019 | 99.97% |
| Sep 30, 2019 | -63,736.58% |
| Jun 30, 2019 | 96.65% |
| Mar 31, 2019 | 92.77% |
| Dec 31, 2018 | 93.62% |
| Mar 31, 2018 | 82.56% |
| Dec 31, 2017 | 81.45% |