Tc Energy (TRP) Net Margin (2009 - 2026)
Tc Energy (TRP) posted quarterly Net Margin of 71.4% for Q4 2024, up 3686.0% year-over-year from 1.89% in Q1 2024, and up 100.08% quarter-over-quarter from 35.68% in Q3 2024.
Tc Energy (TRP) Net Margin (2009 - 2026) Analysis & Trends
Tc Energy's Net Margin history runs 15 years deep, the most recent figure standing at 71.4% for Q4 2024.
- In Q4 2024, Net Margin rose 3686.0% year-over-year to 71.4%; the TTM figure through Dec 2024 stood at 33.26% (up 1556.0% YoY), while the FY2025 annual figure was 22.31%, down 1105.0% from the prior year.
- Net Margin for Q4 2024 stood at 71.4%, up from 35.68% in the prior quarter.
- The five-year high for Net Margin was 71.4% in Q4 2024, with the low at 31.26% in Q1 2021.
- The 4-year median for Net Margin is 29.5% (2021), against an average of 27.35%.
- The sharpest annual moves came in 2022 and 2024: Net Margin plunged 620 bps in 2022, then surged 3686 bps in 2024.
- Tc Energy's Net Margin stood at 31.19% in 2021, then slipped by 29 bps to 22.14% in 2022, then soared by 56 bps to 34.54% in 2023, then surged by 107 bps to 71.4% in 2024.
- Business Quant data shows TRP's Net Margin at 71.4% in Q4 2024, 35.68% in Q3 2024, and 23.57% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 63.54% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 29.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 55.36% |
| Dec 31, 2025 | 50.36% |
| Sep 30, 2025 | 37.20% |
| Jun 30, 2025 | 48.88% |
| Mar 31, 2025 | 52.64% |
| Dec 31, 2024 | 71.40% |
| Sep 30, 2024 | 35.68% |
| Jun 30, 2024 | 23.57% |
| Mar 31, 2024 | 28.35% |
| Dec 31, 2023 | 34.54% |
| Mar 31, 2023 | 33.43% |
| Sep 30, 2022 | 22.14% |
| Jun 30, 2022 | 24.44% |
| Dec 31, 2021 | 31.19% |
| Sep 30, 2021 | 24.04% |
| Jun 30, 2021 | 30.64% |
| Mar 31, 2021 | -31.26% |
| Dec 31, 2019 | 33.96% |
| Sep 30, 2019 | 23.59% |
| Jun 30, 2019 | 33.36% |