8 years of revenue, profit, cash flow and balance-sheet history through FY2017,
from SEC filings, in CAD as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 10.9% per year over the past 5 years.
Net income has grown faster than revenue (18.0% vs 10.9% per year).
Operating margin has been roughly flat, at 34.8% in the latest year.
Financial health
Total debt (CA$34.7B) exceeds cash (CA$1.0B); net debt is CA$33.7B.
Total debt has grown in line with revenue (10.4% vs 10.9% per year).
Operating income covered interest expense 2.2× in the latest year, down from 2.7× 5 years ago.
Total debt is 5.2× EBITDA.
Shareholder returns
Dividends have been paid for 8 consecutive years, consuming 68.3% of earnings.
The dividend has grown 11.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2017
CA$13.4B
CA$3.1B
0.0%
34.8%
13.9%
3.6%
-CA$2.2B
CA$34.7B
CA$1.0B
2016
CA$12.5B
CA$321M
0.0%
18.4%
1.5%
0.4%
CA$149M
CA$40.1B
CA$967M
2015
CA$11.4B
-CA$1.1B
0.0%
0.9%
-6.2%
-1.7%
CA$505M
CA$31.5B
CA$813M
2014
CA$10.2B
CA$1.8B
0.0%
38.6%
8.7%
3.0%
CA$736M
CA$24.8B
CA$484M
2013
CA$8.8B
CA$1.8B
0.0%
39.5%
8.9%
3.2%
-CA$621M
CA$22.9B
CA$895M
2012
CA$8.0B
CA$1.4B
0.0%
35.3%
7.4%
2.8%
CA$951M
CA$21.2B
CA$537M
2011
CA$7.8B
CA$1.5B
0.0%
40.4%
8.5%
3.2%
—
CA$20.5B
CA$629M
2010
CA$6.9B
CA$1.3B
0.0%
34.8%
—
—
—
—
CA$648M
Valuation over time
How the market has priced TCPA against its own fundamentals since 2025-10 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 9.7× (Oct '25) to 8.2× (Nov '26).
The price-to-sales ratio has fallen from 2.2× (Oct '25) to 1.9× (Nov '26).
The dividend yield has risen from 7.0% (Oct '25) to 8.3% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is TCPA growing its revenue and profit?
Over the past 5 years, TRANSCANADA PIPELINES LTD's revenue has grown 10.9% per year, and net income grown 18.0% per year. These are computed facts, not advice.
How much debt does TCPA have?
As of FY2017, TRANSCANADA PIPELINES LTD reported CA$34.7B of total debt against CA$1.0B of cash; operating income covered interest expense 2.2×.
What is TCPA's profit margin?
In FY2017, gross margin was —, operating margin 34.8%, and net margin 23.1%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CAD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CAD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCAUS; 1 CAD = 0.7165 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.