TC Energy (TSX:TRP.PR.B.PFD) OCF Margin %: 67.42% (As of Mar. 2026) — 31% Above Median

What is TC Energy OCF Margin %?

TC Energy TSX:TRP.PR.B.PFD 77 OCF Margin % is 67.42% as of Mar. 2026, which is 31% above its 10-year median of 51.63. GuruFocus rates TSX:TRP.PR.B.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review. Among 906 Oil & Gas companies, TC Energy ranks better than 90.95% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. TC Energy's Cash Flow from Operations for the three months ended in Mar. 2026 was C$2,603.00 Mil. TC Energy's Revenue for the three months ended in Mar. 2026 was C$3,861.00 Mil. Therefore, TC Energy's OCF Margin % for the quarter that ended in Mar. 2026 was 67.42%.

As of today, TC Energy's current OCF Yield % is 8.36%.

The historical rank and industry rank for TC Energy's OCF Margin % or its related term are showing as below:

During the past 13 years, the highest OCF Margin % of TC Energy was 55.89%. The lowest was 38.89%. And the median was 51.63%.

TSX:TRP.PR.B.PFD's OCF Margin % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 13.93
* Ranked among companies with meaningful OCF Margin % only.

TC Energy OCF Margin % Related Terms

TC Energy OCF Margin % Historical Data

* Premium members only.

The historical data trend for TC Energy's OCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TC Energy OCF Margin % Chart

TC Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

OCF Margin %

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51.47

51.79

54.78

55.89

48.21

TC Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
OCF Margin %	Get a 7-Day Free Trial															37.51	58.04	51.84	45.44	67.42

77GF Score

TC Energy Corp TSX:TRP.PR.B.PFD

OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.

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TC Energy OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

TC Energy's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin	=	Cash Flow from Operations (A: Dec. 2025 )	/	Revenue (A: Dec. 2025 )
	=	7346	/	15239
	=	48.21 %

TC Energy's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin	=	Cash Flow from Operations (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	2603	/	3861
	=	67.42 %

Frequently Asked Questions Learn more about OCF Margin % →

What does a OCF Margin % of 67.42% mean?

TC Energy (TSX:TRP.PR.B.PFD) has a OCF Margin % of 67.42% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on TC Energy and its competitors. This is 31% above median its historical median of 51.63. Over the past decade, TC Energy's OCF Margin % has ranged from 38.89 to 55.89. According to the industry distribution chart, TC Energy ranks #82 out of 906 companies in the Oil & Gas industry, placing it in the top 9.1%.

Is TC Energy's OCF Margin % too high?

TC Energy's current OCF Margin % of 67.42% is 31% above median its 10-year median of 51.63. Over the past 10 years, this metric has ranged from a low of 38.89 to a high of 55.89. The Oil & Gas industry median OCF Margin % is 13.93. TC Energy's value of 67.42% is 384% above this industry median. Based on the distribution chart, TC Energy ranks #82 out of 906 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, TC Energy has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.

How does TC Energy's OCF Margin % compare to WMB and EPD?

According to the Oil & Gas industry distribution chart, TC Energy ranks #82 out of 906 companies for OCF Margin %. This places TC Energy in the top 9% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 13.93. TC Energy's value of 67.42% is 384% above this benchmark. Historically, TC Energy's own OCF Margin % has ranged from 38.89 to 55.89 over the past decade. While the company's 10-year median is 51.63 vs. the industry median of 13.93, TC Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good OCF Margin % for an Oil & Gas company?

The median OCF Margin % among Oil & Gas companies is 13.93, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TC Energy's current OCF Margin % of 67.42% is 384% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high OCF Margin % mean?

A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on TC Energy and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TC Energy's current OCF Margin % is 67.42%, which is 31% above median its own 10-year median of 51.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TC Energy stock overvalued right now?

TC Energy (TSX:TRP.PR.B.PFD) has a current OCF Margin % of 67.42%. The current OCF Margin % is 67.42%, which is 31% above median its 10-year median of 51.63 and 384% above the Oil & Gas industry median of 13.93. TC Energy's overall GF Score™ is 77/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is OCF Margin % calculated?

OCF Margin % is calculated from a company's financial statements. For TC Energy (TSX:TRP.PR.B.PFD), the current OCF Margin % is 67.42% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TC Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:PPL TSX:ENB TSX:ALA TSX:KEY TSX:SOBO TSX:TPZ TSX:GEI TSX:TWM TSXV:ATLE TSXV:SRR WMB EPD KMI ET MPLX TRGP OKE LNG VG CQP

Other Exchanges TCANF.PFD:USA TRP:USA TRPN:Mexico TRS:Germany TRP.PR.H.PFD:Canada TRP.PR.F.PFD:Canada TRP.PR.L.PFD:Canada TRP.PR.D.PFD:Canada TRP.PR.C.PFD:Canada TRP.PR.A.PFD:Canada TRP:Canada

Address 450 - 1 Street S.W, TC Energy Tower, Calgary, AB, CAN, T2P 5H1

Website https://www.tcenergy.com

TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.

77GF Score

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