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 debt-free asset ratio of TC Energy Corp to measure how much of total assets are equity-financed.

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. Check TC Energy Corp (TRP) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

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
National Grid plc F:NNGD	0.033x
Vinci S.A. PA:DG	0.276x
Ecolab Inc NYSE:ECL	0.044x
China Telecom Corp Ltd SHG:601728	0.087x
CN YANGT.PWR GDR REG S/A F:CYZB	N/A
MUENCH.RUECK.UNS.ADR 1/10 F:MUVB	N/A
Münchener Rück AG XETRA:MUV2	0.096x
Monolithic Power Systems Inc NASDAQ:MPWR	0.068x

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 market value of TC Energy Corp.

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

$71.14 Billion

CA$98.34 Billion CAD

Market Cap Rank

#394 Global

#15 in Canada

Share Price

CA$94.40

Change (1 day)

-0.95%

52-Week Range

CA$67.42 - CA$99.60

All Time High

CA$99.60