TC Energy Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jan '26 Jan 2, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	75,580	69,533	53,700	54,628	57,610	48,648	Upgrade
Market Cap Growth	10.14%	29.48%	-1.70%	-5.18%	18.42%	-24.72%	Upgrade
Enterprise Value	147,418	149,419	118,993	113,338	112,815	103,785	Upgrade
Last Close Price	75.58	63.86	42.19	40.95	42.12	35.00	Upgrade
PE Ratio	21.11	15.14	18.98	85.22	31.74	10.92	Upgrade
Forward PE	20.34	18.57	13.40	12.78	13.95	12.53	Upgrade
PS Ratio	5.16	5.05	4.05	4.44	4.30	3.74	Upgrade
PB Ratio	2.01	1.81	1.38	1.60	1.73	1.45	Upgrade
P/TBV Ratio	6.44	6.09	3.70	2.93	3.35	3.30	Upgrade
P/FCF Ratio	38.74	51.97	-	-	59.64	-	Upgrade
P/OCF Ratio	10.03	9.04	7.39	8.57	8.36	6.89	Upgrade
PEG Ratio	-	-	23.64	2.56	3.49	3.80	Upgrade
EV/Sales Ratio	10.06	10.85	8.97	9.21	8.43	7.98	Upgrade
EV/EBITDA Ratio	13.64	17.38	13.63	14.81	12.26	12.36	Upgrade
EV/EBIT Ratio	19.01	25.72	19.99	22.36	16.89	17.88	Upgrade
EV/FCF Ratio	75.56	111.67	-	-	116.79	-	Upgrade
Debt / Equity Ratio	1.63	1.57	1.63	1.72	1.59	1.50	Upgrade
Debt / EBITDA Ratio	6.55	6.89	7.21	7.58	5.72	5.89	Upgrade
Debt / FCF Ratio	31.47	44.86	-	-	55.09	-	Upgrade
Asset Turnover	0.12	0.11	0.11	0.11	0.13	0.13	Upgrade
Inventory Turnover	4.93	5.92	4.67	5.12	6.07	7.18	Upgrade
Quick Ratio	0.40	0.40	0.60	0.34	0.37	0.34	Upgrade
Current Ratio	0.63	0.55	0.96	0.43	0.57	0.43	Upgrade
Return on Equity (ROE)	11.34%	12.88%	6.72%	0.45%	6.12%	14.92%	Upgrade
Return on Assets (ROA)	3.09%	2.99%	3.11%	2.90%	4.08%	3.64%	Upgrade
Return on Capital (ROIC)	3.73%	3.61%	3.80%	3.53%	4.91%	4.36%	Upgrade
Return on Capital Employed (ROCE)	5.90%	5.40%	5.30%	5.20%	7.30%	6.60%	Upgrade
Earnings Yield	4.49%	6.76%	5.44%	1.37%	3.39%	9.49%	Upgrade
FCF Yield	2.58%	1.92%	-1.64%	-0.64%	1.68%	-2.21%	Upgrade
Dividend Yield	4.50%	5.80%	8.82%	8.79%	8.26%	9.26%	Upgrade
Payout Ratio	106.48%	86.25%	98.53%	440.91%	176.88%	68.15%	Upgrade
Buyback Yield / Dilution	-0.19%	-0.78%	-3.41%	-2.26%	-3.62%	-0.97%	Upgrade
Total Shareholder Return	4.31%	5.02%	5.40%	6.53%	4.65%	8.29%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.