TRP FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
TRP's fcf yield is higher than 95% of the last 10 years.
FCF Yield History
TRP FCF Yield by year
Yearly range of TRP’s fcf yield from 2016 to 2026. Over the full period it ranged from -8.3% to 4.1%, averaging -1.0%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 2.2% | 3.2% | 4.1% | 4.0% |
| 2025 | 1.3% | 2.1% | 2.7% | 2.6% |
| 2024 | -1.9% | -0.3% | 2.2% | 2.2% |
| 2023 | -1.8% | 0.3% | 1.4% | -1.5% |
| 2022 | 0.7% | 1.5% | 1.9% | 1.9% |
| 2021 | -2.4% | -0.4% | 1.8% | 1.8% |
| 2020 | -3.3% | -2.6% | -1.7% | -2.4% |
| 2019 | -8.0% | -5.3% | -1.9% | -1.9% |
| 2018 | -8.3% | -5.5% | -4.4% | -8.3% |
| 2017 | -3.9% | -2.0% | -0.5% | -3.8% |
| 2016 | -0.2% | 0.1% | 0.8% | -0.2% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is TRP FCF Yield High or Low Right Now?
TC Energy Corporation's FCF Yield is currently 4.0%, which is near historic high relative to its 10-year historical range. The 10-year median FCF Yield for TRP is approximately -0.6%. See all TRP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.