Financials in CAD. Standardized financial statements.
A compact view of how TC Energy Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $15.20B | $13.77B | $13.27B | $12.31B | $13.39B | $13.00B | $13.26B | $13.68B | $13.45B | $12.55B |
| Revenue Growth? | +10.4% | +3.8% | +7.8% | -8.1% | +3.0% | -1.9% | -3.1% | +1.7% | +7.2% | 0.0% |
| Cost of Revenue? | $7.60B | $7.17B | $6.60B | $6.51B | $6.71B | $6.47B | $6.74B | $7.43B | $8.34B | $7.97B |
| Gross Profit? | $7.60B | $6.61B | $6.67B | $5.80B | $6.68B | $6.53B | $6.51B | $6.25B | $5.11B | $4.58B |
| Gross Margin? | +50.0% | +48.0% | +50.3% | +47.1% | +49.9% | +50.2% | +49.1% | +45.7% | +38.0% | +36.5% |
| Operating Expenses? | $881.00M | $820.00M | $781.00M | $727.00M | $774.00M | $727.00M | $727.00M | $569.00M | $569.00M | $555.00M |
| Operating Income? | $6.72B | $5.79B | $5.89B | $5.07B | $5.91B | $5.80B | $5.79B | $5.68B | $4.54B | $4.02B |
| EBITDA? | $9.49B | $11.22B | $8.66B | $5.24B | $6.70B | $9.53B | $9.45B | $8.07B | $6.86B | $4.14B |
| Income Before Tax | $5.44B | $5.91B | $3.30B | $474.00M | $2.17B | $5.11B | $5.19B | $3.95B | $3.31B | $837.00M |
| Income Tax Expense | $1.14B | $922.00M | $842.00M | $322.00M | $120.00M | $194.00M | $754.00M | $432.00M | -$89.00M | $352.00M |
| Net Income? | $3.52B | $4.70B | $2.92B | $748.00M | $1.96B | $4.62B | $4.14B | $3.70B | $3.16B | $233.00M |
| EPS? | $3.27 | $4.43 | $2.75 | $0.64 | $1.87 | $4.74 | $4.28 | $3.92 | $3.44 | $0.16 |
| Diluted EPS? | $3.27 | $4.43 | $2.75 | $0.64 | $1.86 | $4.74 | $4.27 | $3.92 | $3.43 | $0.16 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality