Intrinsiqq

TC Energy Corporation (TRP) Quality Score

TRP
Quality51

Business quality is the primary weakness (avg 33/100). Valuation is the relative bright spot.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
60/100
25.1x

25–30x, paying a growth premium

Cash Flow Multiple
80/100
22.4x

20–25x, moderate cash flow premium

Revenue Growth
0/100
1.2%

Below 2%, essentially flat

Cash Flow Growth
100/100
74.2%

Above 10% CAGR, strong compounder

Business Quality & Capital Allocation

Share Dilution
30/100
4.7%

Diluting 2–5%, watch for SBC

Margin Trend
100/100
+4.4pp

Expanded 3+pp, strong improvement

Capital Structure
0/100
C$60.46B

Net debt/FCF of 14.9x, high leverage

2022
C$620M
C$58.68B
2023
C$3.68B
C$63.60B
2024
C$801M
C$59.88B
2025
C$168M
C$60.63B
Return on Capital
0/100
5.5%

Below 8%, may not cover cost of capital

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TC Energy (TRP) quality: score, margins and returns

TC Energy (TRP) scores 51/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 8 metrics each scored 0 to 100, on 45.0% operating margins and 5.5% ROIC. Every metric is computed from company filings; this is analysis, not investment advice.

Frequently asked

Is TC Energy (TRP) a high-quality business?+

TC Energy scores 51 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a mixed business on these measures. Recent figures include a 45.0% operating margin and a 5.5% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does TC Energy's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from TRP's company filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where TC Energy scores well and where it falls behind.

What is TC Energy's return on invested capital (ROIC)?+

TC Energy earns about 5.5% on its invested capital, which is modest. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to TRP's margins and growth on this scorecard to judge durability.

How profitable is TC Energy?+

TC Energy runs an operating margin of about 45.0% and a net margin of about 27.0%. Revenue has grown at roughly 3.3% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from company filings, not investment advice.

How the market compares: US profitability statistics

Related stocks: Oil & Gas Midstream

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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