Tc Energy (TRPRF) EBT Margin (2009 - 2025)
Tc Energy (TRPRF) recorded quarterly EBT Margin of 34.17% in Q4 2025, up 4.33% quarter-over-quarter from 32.75% in Q3 2025, and down 7635.0% on a YoY basis from 0.45% in Q4 2024.
Tc Energy (TRPRF) EBT Margin (2009 - 2025) Analysis & Trends
Tc Energy's EBT Margin history runs 17 years deep, the most recent figure standing at 34.17% for Q4 2025.
- In Q4 2025, EBT Margin fell 7635.0% year-over-year to 34.17%; the TTM figure through Dec 2025 stood at 35.68% (down 702.0% YoY), while the FY2025 annual figure was 35.72%, down 716.0% from the prior year.
- EBT Margin was 34.17% for Q4 2025 at Tc Energy, up from 32.75% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 110.51% in Q4 2024 to a low of 41.11% in Q1 2021.
- Historically, EBT Margin has averaged 29.65% across 5 years, with a median of 33.61% in 2024.
- The sharpest annual moves came in 2024 and 2025: EBT Margin surged 7300 bps in 2024, then slumped 7635 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 40.07% in 2021, then plunged by 188 bps to 35.14% in 2022, then jumped by 207 bps to 37.51% in 2023, then soared by 195 bps to 110.51% in 2024, then sank by 69 bps to 34.17% in 2025.
- The last three EBT Margin figures came in at 34.17% (Q4 2025), 32.75% (Q3 2025), and 35.76% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.55% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 26.68% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.60% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.38% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 14.93% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 10.62% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 34.17% |
| 10 | Tc Energy | - | - | 2.95 Bn | 34.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 34.17% |
| Sep 30, 2025 | 32.75% |
| Jun 30, 2025 | 35.76% |
| Mar 31, 2025 | 40.52% |
| Dec 31, 2024 | 110.51% |
| Sep 30, 2024 | 45.04% |
| Jun 30, 2024 | 27.86% |
| Mar 31, 2024 | 33.61% |
| Dec 31, 2023 | 37.51% |
| Dec 31, 2022 | -35.14% |
| Sep 30, 2022 | 26.11% |
| Jun 30, 2022 | 29.67% |
| Mar 31, 2022 | 20.66% |
| Dec 31, 2021 | 40.07% |
| Sep 30, 2021 | 29.41% |
| Jun 30, 2021 | 36.68% |
| Mar 31, 2021 | -41.11% |
| Dec 31, 2020 | 40.89% |
| Dec 31, 2019 | 35.90% |
| Sep 30, 2019 | 35.53% |