Value Sense
TRP
TC Energy Corporation (TRP)
Last Price$44.80.2%
Market Cap$47.0B
LTM Net Debt to Free Cash Flow
43.2x
5Y avg
(25.0x)
Oil & Gas Midstream industry median
4.6x
Stock quality & Intrinsic value
6/10
(0.0%) overvalued
TRP
is (3.6%) overvalued
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TC Energy Corporation Net Debt to Free Cash Flow

Annual
Quarterly
LTM
Industry median
Company stand-alone
TRP
Energy
Crunching data... Almost there!
Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Net Debt to Free Cash Flow
10.2x
25.5x
12.4x
(64.1x)
(8.0x)
(10.8x)
30.8x
22.2x
(31.6x)
(100.3x)
(109.0x)
(188.2x)
(18.5x)
(14.8x)
(44.7x)
(45.1x)
54.4x
(165.3x)
(66.6x)
44.2x
TRP
Key metrics and insights to make informed decisions.
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TC Energy Corporation (TRP) Net Debt to Free Cash Flow comparison analysis

General

LTM Net Debt to Free Cash Flow

OTHER METRICS

Company name

Revenue growth

EPS growth

Net Income margin

TC Energy Corporation logo
TC Energy CorporationTRP
43.2x
(15.0%)
63.8%
34.1%
Median Peer Set
7.1x
(2.6%)
25.7%
16.2%
Targa Resources Corp. logo
Targa Resources Corp.TRGP
20.6x
2.0%
57.5%
7.8%
The Williams Companies, Inc. logo
The Williams Companies, Inc.WMB
11.3x
(3.7%)
(30.3%)
21.2%
ONEOK, Inc. logo
ONEOK, Inc.OKE
10.8x
(21.0%)
42.6%
15.0%
Kinder Morgan, Inc. logo
Kinder Morgan, Inc.KMI
10.7x
(1.5%)
11.3%
17.3%
Enterprise Products Partners L.P. logo
Enterprise Products Partners L.P.EPD
8.4x
(14.6%)
0.0%
11.1%
Pembina Pipeline Corporation logo
Pembina Pipeline CorporationPBA
5.9x
(24.3%)
(48.1%)
19.5%
Energy Transfer LP logo
Energy Transfer LPET
4.9x
5.2%
40.0%
5.8%
Western Midstream Partners, LP logo
Western Midstream Partners, LPWES
3.8x
16.1%
58.6%
43.6%
Enbridge Inc. logo
Enbridge Inc.ENB
1.1x
(21.1%)
113.8%
14.2%
MPLX LP logo
MPLX LPMPLX
(0.3x)
1.3%
2.1%
36.8%

TRP key stats

USD
CAD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Revenue
% growth
5,058.5
28.6%
6,627.1
31.0%
8,254.0
24.5%
8,127.0
(1.5%)
7,889.6
(2.9%)
7,826.3
(0.8%)
9,240.2
18.1%
8,007.6
(13.3%)
8,540.4
6.7%
9,222.4
8.0%
8,849.9
(4.0%)
9,441.5
6.7%
10,363.9
9.8%
10,555.1
1.8%
9,984.9
(5.4%)
9,699.7
(2.9%)
10,676.1
10.1%
11,512.2
7.8%
11,803.4
2.5%
10,036.1
(15.0%)
Cost of Goods Sold (COGS)2,171.63,115.44,696.43,366.24,292.43,022.23,487.25,001.45,316.35,813.25,679.65,987.36,429.25,732.45,078.74,826.35,348.86,187.73,918.75,221.7
Gross Profit
% margin
2,886.9
57.1%
3,511.8
53.0%
3,557.6
43.1%
4,760.8
58.6%
3,597.2
45.6%
4,804.1
61.4%
5,753.0
62.3%
3,006.2
37.5%
3,224.1
37.8%
3,409.1
37.0%
3,170.3
35.8%
3,454.2
36.6%
3,934.7
38.0%
4,822.7
45.7%
4,906.2
49.1%
4,873.3
50.2%
5,327.3
49.9%
5,324.5
46.3%
7,884.7
66.8%
4,814.4
48.0%
Operating Expenses840.5933.21,102.2923.11,168.62,442.82,496.3434.0432.0428.3404.9419.0438.5439.1547.6542.5617.3651.884.44,814.4
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)0.00.00.00.00.01,128.7951.40.00.00.00.00.071.764.879.80.077.477.684.44,216.7
Operating Income
% margin
2,046.4
40.5%
2,578.5
38.9%
2,455.4
29.7%
3,837.7
47.2%
2,428.7
30.8%
2,361.3
30.2%
3,256.7
35.2%
2,572.2
32.1%
2,792.1
32.7%
2,980.9
32.3%
2,765.4
31.2%
3,035.2
32.1%
3,496.2
33.7%
4,383.6
41.5%
5,173.6
51.8%
5,220.3
53.8%
5,780.3
54.1%
5,595.1
48.6%
7,800.3
66.1%
4,216.7
42.0%
Interest Income0.00.0157.186.7106.591.255.685.033.082.4127.777.8141.80.0122.0129.1354.1112.2100.7395.0
Interest Expense0.00.0951.8957.1895.8737.61,003.0976.1955.31,084.81,073.01,105.31,202.91,611.21,399.61,402.11,669.21,705.71,912.71,838.7
Pre-tax Income1,503.31,346.01,600.82,048.01,639.31,714.92,309.31,938.12,448.42,557.1(866.2)631.92,547.63,047.23,907.33,810.81,727.41,056.12,970.54,304.2
Income Tax
% effective tax rate
504.3
33.5%
419.9
31.2%
457.8
28.6%
567.6
27.7%
340.5
20.8%
368.8
21.5%
579.3
25.1%
466.0
24.0%
593.2
24.2%
752.5
29.4%
26.6
(3.1%)
265.8
42.1%
(68.6)
(2.7%)
333.3
10.9%
568.0
14.5%
144.8
3.8%
95.7
5.5%
452.7
42.9%
697.8
23.5%
671.9
15.6%
Net Income
% margin
999.0
19.7%
950.7
14.3%
1,143.1
13.8%
1,357.8
16.7%
1,214.3
15.4%
1,234.5
15.8%
1,599.5
17.3%
1,354.1
16.9%
1,733.9
20.3%
1,666.1
18.1%
(897.5)
(10.1%)
175.9
1.9%
2,432.8
23.5%
2,856.6
27.1%
3,118.6
31.2%
3,444.4
35.5%
1,559.1
14.6%
575.0
5.0%
2,164.5
18.3%
3,423.8
34.1%
EPS2.061.952.162.391.861.732.201.842.352.23(1.27)0.122.653.163.223.541.490.491.973.23
Diluted EPS2.041.942.152.381.861.722.191.842.352.23(1.27)0.122.643.163.223.541.480.492.043.23
EBITDA
% margin
2,886.9
57.1%
3,511.8
53.0%
3,527.0
42.7%
4,180.9
51.4%
3,746.8
47.5%
3,476.4
44.4%
4,594.3
49.7%
4,282.3
53.5%
4,866.8
57.0%
4,439.6
48.1%
4,620.0
52.2%
4,526.3
47.9%
5,079.8
49.0%
6,197.0
58.7%
6,214.7
62.2%
6,263.5
64.6%
7,338.6
68.7%
6,700.4
58.2%
6,941.0
58.8%
8,174.8
81.5%

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FAQ

1) What is TC Energy Corporation's Net Debt to Free Cash Flow?

As of today, Microsoft Corp's last 12-month Net Debt to Free Cash Flow is 43.2x, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Net Debt to Free Cash Flow for TC Energy Corporation have been (16.8x) over the past three years, and (26.2x) over the past five years.

2) Is TC Energy Corporation's Net Debt to Free Cash Flow Good?

As of today, TC Energy Corporation's Net Debt to Free Cash Flow is 43.2x, which is higher than industry median of 4.6x. It indicates that TC Energy Corporation's Net Debt to Free Cash Flow is Bad.

3) How does TC Energy Corporation's Net Debt to Free Cash Flow compare to its peers?

As of today, TC Energy Corporation's Net Debt to Free Cash Flow is 43.2x, which is higher than peer median of 7.1x. The list of peers includes TRGP, WMB, OKE, KMI, EPD, PBA, ET, WES, ENB, MPLX.