TC ENERGY CORPORATION (TRP) Free cash flow
- Free cash flow · 12 months (CAD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2025-12-31..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2025-12-31..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2025-12-31..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2025-12-31..
Free cash flow
Overview →Financial period ending 2025-12-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (CAD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | CAD 7.35B | Cash generated by operating activities. Period ending 2025-12-31. |
| Operating cash flow / net income · 12 months | 2.09× | Operating cash flow / net income. Period ending 2025-12-31. 7.35B ÷ 3.52B ≈ 2.09× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 7.35B CAD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | (m) | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 15.24B CAD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 3.52B CAD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (CAD) | Market cap (CAD) | Revenue (CAD) | Quarter-end shares (shares) | Net income (CAD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | (m) | (m) | CAD 7.35B | (m) | (m) | 15.24B | (m) | 3.52B | (m) | (m) | (m) | 2.09× |
| 2024-12-31 | (m) | (m) | CAD 7.70B | (m) | (m) | 13.06B | (m) | 4.70B | (m) | (m) | (m) | 1.64× |
| 2023-12-31 | (m) | (m) | CAD 7.27B | (m) | (m) | 14.63B | (m) | 2.92B | (m) | (m) | (m) | 2.49× |
| 2022-12-31 | (m) | (m) | CAD 6.38B | (m) | (m) | 14.11B | (m) | 748.00M | (m) | (m) | (m) | 8.52× |
| 2021-12-31 | (m) | (m) | CAD 6.89B | (m) | (m) | 12.95B | (m) | 1.96B | (m) | (m) | (m) | 3.52× |
| 2020-12-31 | (m) | (m) | CAD 7.06B | (m) | (m) | 12.65B | (m) | 4.62B | (m) | (m) | (m) | 1.53× |
| 2019-12-31 | CAD -393.00M | (m) | CAD 7.08B | 7.47B | (m) | 12.67B | (m) | 4.14B | (m) | (m) | -3.10% | 1.71× |
| 2018-12-31 | CAD -2.86B | (m) | CAD 6.55B | 9.42B | (m) | 12.79B | (m) | 3.70B | (m) | (m) | -22.38% | 1.77× |
| 2017-12-31 | CAD -2.15B | (m) | CAD 5.23B | 7.38B | (m) | 13.45B | (m) | 3.16B | (m) | (m) | -16.01% | 1.66× |
| 2016-12-31 | CAD 62.00M | (m) | CAD 5.07B | 5.01B | (m) | 12.51B | (m) | 233.00M | (m) | (m) | 0.50% | 21.76× |
| 2015-12-31 | CAD 197.00M | (m) | CAD 4.12B | 3.92B | (m) | 11.30B | (m) | -1.15B | (m) | (m) | 1.74% | -3.59× |
| 2014-12-31 | CAD 529.00M | (m) | CAD 4.08B | 3.55B | (m) | 10.19B | (m) | 1.84B | (m) | (m) | 5.19% | 2.22× |
| 2013-12-31 | CAD -787.00M | (m) | CAD 3.67B | 4.46B | (m) | 8.80B | (m) | 1.79B | (m) | (m) | -8.95% | 2.06× |
| 2012-12-31 | CAD 976.00M | (m) | CAD 3.57B | 2.60B | (m) | 8.01B | (m) | 1.35B | (m) | (m) | 12.19% | 2.64× |
| 2011-12-31 | CAD 1.17B | (m) | CAD 3.69B | 2.51B | (m) | 7.84B | (m) | 1.58B | (m) | (m) | 14.96% | 2.33× |
| 2010-12-31 | CAD -1.50B | (m) | CAD 2.88B | 4.38B | (m) | 6.85B | (m) | 1.28B | (m) | (m) | -21.89% | 2.25× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.