Transcanada Pipelines Ltd
TCPA NYSE· Natural Gas Transmission
Last close · Oct 30, 2026
$19.87
KIRA · Stoqly’s AI analyst, in plain words
- Transcanada Pipelines Ltd had $10.9B of revenue in fiscal 2025, up 8.4% on the year before.
- Its operating margin was 52.7%, down 5.1 pts: of every 100 in sales, about 53 is left after running the business.
- Transcanada Pipelines Ltd made $2.5B of net profit in fiscal 2025.
- Transcanada Pipelines Ltd returned $2.5B to shareholders in fiscal 2025. The diluted share count rose 0.2%.
- Transcanada Pipelines Ltd owes $1.0B more than it holds in cash, about 0.1 years of operating profit.
Market cap
$20.7B
P/E
8.5x
Revenue
$10.9B
Net income
$2.5B
Free cash flow
—
Operating margin
52.7%
Transcanada Pipelines Ltd in 30 seconds · fiscal 2025
Are sales growing?
+8.4%
Yes. Sales grew 8.4% last year.
Does it make a profit?
23.1%
Yes. It keeps 23.1% of every sale as profit.
Is debt under control?
0.1x
Yes. It could repay its debt with 0.1 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
8.5x
One share costs 8.5 times its yearly profit per share.
What Transcanada Pipelines Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Feb 13, 2026
- Legal name
- TRANSCANADA PIPELINES LTD
- CIK
- 0000099070
Transcanada Pipelines Ltd · TCPA · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY16 | FY17 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $9.5B | $10.4B | — | $10.1B | $10.9B |
| Revenue growth | 6.6% | 9.4% | — | — | 8.4% |
| Gross margin | — | — | — | 98.4% | 98.6% |
| Operating margin | 18.4% | 34.8% | — | 57.8% | 52.7% |
| Net income | $242M | $2.4B | — | $3.4B | $2.5B |
| Net margin | 2.6% | 23.1% | — | 34.1% | 23.1% |
| Diluted EPS | — | — | — | $3.23 | $2.34 |
| Cash | |||||
| Cash from operations | $3.9B | $4.0B | — | $5.6B | $5.3B |
| Capital expenditure | $3.8B | $5.7B | — | $5.8B | — |
| Free cash flow | $112M | −$1.7B | — | −$152M | — |
| FCF margin | 1.2% | −16.5% | — | −1.5% | — |
| Dividends paid | $1.2B | $1.6B | — | $2.9B | $2.5B |
| Share count change | — | — | — | — | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $718M | $833M | $2.8B | $557M | $123M |
| Debt incl. finance leases | $29.8B | $27.7B | — | $2.1B | $1.1B |
| Shareholders' equity | $16.2B | $17.9B | $29.4B | $19.2B | $19.9B |
| Net debt / EBITDA | 9.1x | 5.2x | — | 0.2x | 0.1x |
| Current ratio | 0.8x | 0.4x | — | 0.5x | 0.6x |
| Interest coverage | 1.2x | 2.2x | — | 2.6x | 2.4x |
| Returns and quality | |||||
| Return on capital | 2.5% | 8.1% | — | 23.7% | 21.7% |
| Return on equity | 1.6% | 14.0% | — | 14.1% | 12.9% |
| Return on tangible equity | 6.6% | 37.9% | — | 34.7% | 23.3% |
| Piotroski F-score | 5 | 6 | — | — | 7 |
| Altman Z'' | 0.5 | 0.2 | — | 0.4 | 0.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Transcanada Pipelines Ltd · TCPA · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $19.87 a share, the company is worth $20.7B: 8.5 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0000099070). Latest version: stoqly.net/companies/tcpa. Data updated November 1, 2026. Filed in CAD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.