Tc Energy (TRP) Return on Invested Capital [ROIC] (2009 - 2026)
Tc Energy (TRP) recorded Return on Invested Capital [ROIC] of 9.47% in Q2 2026, up 0.28 percentage points from 9.18% a year earlier.
Powered by 
Analysis
Tc Energy (TRP) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Tc Energy reported Return on Invested Capital [ROIC] of 5.70%, up 0.98 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three straight years, though with a five-year change of -1.18 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 4.72% in FY2024 (+0.32 pp), 4.41% in FY2023 (+2.78 pp), 1.63% in FY2022 (-2.02 pp) and 3.65% in FY2021 (-3.23 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q4 2009.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 5.59 percentage points in Q3 2024, against a drop of 6.90 percentage points in Q3 2023 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 5.02% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 12.57% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | - |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 6.34% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 8.84% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | 10.22% |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 15.49% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 13.71% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 13.59% |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 8.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.22% |
| Jun 30, 2026 | 9.98% |
| Mar 31, 2026 | 9.48% |
| Dec 31, 2025 | 9.25% |
| Sep 30, 2025 | 8.91% |
| Jun 30, 2025 | 9.58% |
| Mar 31, 2025 | 9.10% |
| Dec 31, 2024 | 8.41% |
| Sep 30, 2024 | 9.59% |
| Jun 30, 2024 | 8.03% |
| Mar 31, 2024 | 6.87% |
| Dec 31, 2023 | 6.91% |
| Sep 30, 2023 | 1.61% |
| Jun 30, 2023 | 3.84% |
| Mar 31, 2023 | 4.80% |
| Dec 31, 2022 | 4.03% |
| Sep 30, 2022 | 9.27% |
| Jun 30, 2022 | 9.23% |
| Mar 31, 2022 | 9.42% |
| Dec 31, 2021 | 7.26% |
API Access
Tc Energy Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();