TC Energy Corp (TRP) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.070x

Based on the latest financial reports, TC Energy Corp (TRP) has a cash flow conversion efficiency ratio of 0.070x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$2.60 Billion ≈ $1.88 Billion USD) by net assets (CA$37.16 Billion ≈ $26.88 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See operational self-sufficiency of TC Energy Corp to measure how many days the company can operate on defensive assets alone.

TC Energy Corp - Cash Flow Conversion Efficiency Trend (2000–2025)

This chart illustrates how TC Energy Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data.

TC Energy Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of TC Energy Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Barrick Gold Corp TO:ABX	0.080x
Vale SA ADR NYSE:VALE	0.061x
ING Groep NV AS:INGA	0.001x
General Motors Company NYSE:GM	0.046x
Valero Energy Corporation NYSE:VLO	0.052x
Hilton Worldwide Holdings Inc NYSE:HLT	-0.105x
National Australia Bank Limited F:NAL	0.112x
ING Groep N.V F:INNA	N/A

Annual Cash Flow Conversion Efficiency for TC Energy Corp (2000–2025)

The table below shows the annual cash flow conversion efficiency of TC Energy Corp from 2000 to 2025. For the full company profile with market capitalisation and key ratios, see TRP market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$36.90 Billion ≈ $26.69 Billion	CA$7.35 Billion ≈ $5.32 Billion	0.199x	-0.70%
2024-12-31	CA$38.36 Billion ≈ $27.75 Billion	CA$7.70 Billion ≈ $5.57 Billion	0.201x	+7.68%
2023-12-31	CA$39.01 Billion ≈ $28.22 Billion	CA$7.27 Billion ≈ $5.26 Billion	0.186x	-0.29%
2022-12-31	CA$34.12 Billion ≈ $24.68 Billion	CA$6.38 Billion ≈ $4.61 Billion	0.187x	-9.43%
2021-12-31	CA$33.40 Billion ≈ $24.16 Billion	CA$6.89 Billion ≈ $4.98 Billion	0.206x	-2.16%
2020-12-31	CA$33.47 Billion ≈ $24.21 Billion	CA$7.06 Billion ≈ $5.11 Billion	0.211x	-3.54%
2019-12-31	CA$32.40 Billion ≈ $23.44 Billion	CA$7.08 Billion ≈ $5.12 Billion	0.219x	+3.36%
2018-12-31	CA$30.99 Billion ≈ $22.42 Billion	CA$6.55 Billion ≈ $4.74 Billion	0.211x	+8.75%
2017-12-31	CA$26.89 Billion ≈ $19.45 Billion	CA$5.23 Billion ≈ $3.78 Billion	0.194x	-0.31%
2016-12-31	CA$25.98 Billion ≈ $18.80 Billion	CA$5.07 Billion ≈ $3.67 Billion	0.195x	-18.83%
2015-12-31	CA$18.24 Billion ≈ $13.19 Billion	CA$4.38 Billion ≈ $3.17 Billion	0.240x	+21.70%
2014-12-31	CA$20.65 Billion ≈ $14.94 Billion	CA$4.08 Billion ≈ $2.95 Billion	0.198x	+8.24%
2013-12-31	CA$20.14 Billion ≈ $14.57 Billion	CA$3.67 Billion ≈ $2.66 Billion	0.182x	-6.31%
2012-12-31	CA$18.34 Billion ≈ $13.26 Billion	CA$3.57 Billion ≈ $2.58 Billion	0.195x	-3.53%
2011-12-31	CA$18.26 Billion ≈ $13.21 Billion	CA$3.69 Billion ≈ $2.67 Billion	0.202x	+17.14%
2010-12-31	CA$17.88 Billion ≈ $12.94 Billion	CA$3.08 Billion ≈ $2.23 Billion	0.172x	-2.40%
2009-12-31	CA$16.93 Billion ≈ $12.25 Billion	CA$2.99 Billion ≈ $2.16 Billion	0.177x	-12.38%
2008-12-31	CA$14.09 Billion ≈ $10.19 Billion	CA$2.84 Billion ≈ $2.05 Billion	0.202x	-23.37%
2007-12-31	CA$10.78 Billion ≈ $7.80 Billion	CA$2.84 Billion ≈ $2.05 Billion	0.263x	+2.25%
2006-12-31	CA$8.07 Billion ≈ $5.84 Billion	CA$2.07 Billion ≈ $1.50 Billion	0.257x	+2.73%
2005-12-31	CA$7.60 Billion ≈ $5.50 Billion	CA$1.90 Billion ≈ $1.38 Billion	0.250x	-0.59%
2004-12-31	CA$6.88 Billion ≈ $4.97 Billion	CA$1.73 Billion ≈ $1.25 Billion	0.252x	-18.41%
2003-12-31	CA$6.17 Billion ≈ $4.47 Billion	CA$1.91 Billion ≈ $1.38 Billion	0.309x	+9.53%
2002-12-31	CA$6.81 Billion ≈ $4.93 Billion	CA$1.92 Billion ≈ $1.39 Billion	0.282x	+61.13%
2001-12-31	CA$6.49 Billion ≈ $4.69 Billion	CA$1.14 Billion ≈ $821.04 Million	0.175x	-32.99%
2000-12-31	CA$6.59 Billion ≈ $4.77 Billion	CA$1.72 Billion ≈ $1.24 Billion	0.261x	--

About TC Energy Corp

TO:TRP Canada Oil & Gas Midstream

Market Cap

$72.66 Billion

CA$100.45 Billion CAD

Market Cap Rank

#377 Global

#14 in Canada

Share Price

CA$96.42

Change (1 day)

-0.42%

52-Week Range

CA$63.77 - CA$97.90

All Time High

CA$97.90