Tc Energy (TRP) Return on Invested Capital [ROIC] (2009 - 2024)
Tc Energy (TRP) recorded Return on Invested Capital [ROIC] of 24.07% in the year ended Dec 31, 2025, up 18.84 percentage points from 5.23% a year earlier.
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Analysis
Tc Energy (TRP) Return on Invested Capital [ROIC] (2009 - 2024) Analysis & Trends
Starting with the year ended Dec 31, 2009, Tc Energy's Return on Invested Capital [ROIC] history includes 17 years.
- Annual Return on Invested Capital [ROIC] has a five-year change of +16.55 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 is the highest annual Return on Invested Capital [ROIC] in data going back to the year ended Dec 31, 2009.
- Per Business Quant data, TRP's Return on Invested Capital [ROIC] was 5.23% in the year ended Dec 31, 2024 (-1.90 pp), 7.13% in the year ended Dec 31, 2023 (+4.30 pp), 2.83% in the year ended Dec 31, 2022 (-1.10 pp) and 3.92% in the year ended Dec 31, 2021 (-3.59 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 4.91% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 12.19% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 8.40% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 6.24% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 13.19% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 14.70% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 15.54% |
| 10 | Oneok | 55.40 Bn | 53.89 Bn | 2.81 Bn | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 13.62% |
| Sep 30, 2024 | 15.83% |
| Jun 30, 2024 | 13.40% |
| Mar 31, 2024 | 13.98% |
| Dec 31, 2023 | 14.18% |
| Mar 31, 2023 | 7.81% |
| Dec 31, 2022 | 6.37% |
| Sep 30, 2022 | 14.23% |
| Jun 30, 2022 | 14.97% |
| Mar 31, 2022 | 11.22% |
| Dec 31, 2021 | 7.17% |
| Sep 30, 2021 | 8.09% |
| Jun 30, 2021 | 9.01% |
| Mar 31, 2021 | 6.38% |
| Dec 31, 2020 | 12.09% |
| Sep 30, 2020 | 13.04% |
| Jun 30, 2020 | 12.39% |
| Mar 31, 2020 | 13.09% |
| Dec 31, 2019 | 16.04% |
| Sep 30, 2019 | 17.34% |
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();