E vs. TRP: Eni vs. TC Energy Stock Comparison

November 11, 2026

How do Eni (E) and TC Energy (TRP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Eni (E) and TC Energy (TRP) both belong to the Oil, Gas & Consumable Fuels industry, though E is classified under Integrated Oil & Gas while TRP falls under Oil & Gas Storage & Transportation.

TC Energy (TRP) trades as ordinary local shares, while Eni (E) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Eni (E) and TC Energy (TRP)
Profile Item	E	TRP
Name	Eni S.p.A. Sponsored ADR	TC Energy Corporation
Country/Region	Italy	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Oil & Gas Storage & Transportation
Market Capitalization	78.96 billion USD	64.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 28, 1995	September 20, 1982
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

TRP

GSPC

Eni (E) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eni (E) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eni (E) and TC Energy (TRP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Total Return (1Y)	56.40%	24.67%
Total Return (3Y, Annualized)	27.06%	26.02%
Total Return (5Y, Annualized)	20.08%	9.85%

Risk Profile

Drawdown History

TRP

GSPC

Eni (E) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eni (E) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Volatility (1Y, Annualized)	28.11%	19.39%
Beta (5Y)	0.42	0.64
Max Drawdown (5Y)	-33.71%	-38.98%
Avg. Volume (3M)	367.73K	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

E and TRP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Sharpe Ratio (1Y)	1.85	1.05
Sortino Ratio (1Y)	2.86	1.61

Profitability

ROE (TTM)

Both Eni (E) at 13.14% and TC Energy (TRP) at 12.15% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

E

Energy industry group

13.14%

Max: 53.85%
Q3: 24.79%
E: 13.14%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TRP

Energy industry group

12.15%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TRP: 12.15%
Q1: 2.03%
Min: -29.09%

Eni (E) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of Eni (E) at 7.90%, which keeps about the industry-typical share.

E

Energy industry group

7.90%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
E: 7.90%
Q1: 0.07%
Min: -27.38%

TRP

Energy industry group

25.05%

Max: 56.92%
TRP: 25.05%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Eni (E) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of Eni (E) at 8.58%, which runs around its industry’s norm.

E

Energy industry group

8.58%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
E: 8.58%
Q1: 6.94%
Min: -24.52%

TRP

Energy industry group

41.66%

Max: 71.31%
TRP: 41.66%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Eni (E) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
ROE (TTM)	13.14%	12.15%
ROA (TTM)	3.56%	3.70%
Net Margin (TTM)	7.90%	25.05%
Operating Margin (TTM)	8.58%	41.66%
Gross Margin (TTM)	21.94%	70.07%

Growth

Revenue Growth

TC Energy (TRP) at 10.66% is around its peer norm for revenue growth, while Eni (E) at -7.48% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Eni (E) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eni (E) at 0.00% and TC Energy (TRP) at -26.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eni (E) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Revenue Growth (YoY)	-7.48%	10.66%
Revenue Growth (3Y CAGR)	-14.73%	7.38%
EPS Growth (YoY)	0.00%	-26.19%
EPS Growth (3Y CAGR)	-41.77%	72.24%

Financial Strength

Current Ratio (MRQ)

Eni (E) at 1.21 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.

E

Energy industry group

1.21

Max: 3.64
Q3: 2.21
Median: 1.41
E: 1.21
Q1: 0.88
Min: 0.24

TRP

Energy industry group

0.57

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRP: 0.57
Min: 0.24

Eni (E) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Eni (E) at 0.69 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.

E

Energy industry group

0.69

Max: 1.75
Q3: 0.93
E: 0.69
Median: 0.54
Q1: 0.30
Min: 0.00

TRP

Energy industry group

1.68

Max: 1.75
TRP: 1.68
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Eni (E) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Current Ratio (MRQ)	1.21	0.57
Debt / Equity (MRQ)	0.69	1.68
Net Debt / EBITDA	1.35	6.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Eni (E) at 0.48% pays a more typical yield — both are credible income propositions, TRP the richer one.

E

Energy industry group

0.48%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
E: 0.48%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

5.57%

Max: 8.57%
TRP: 5.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Eni (E) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Eni (E) at 45.83% pays out a band-typical share of earnings, while TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.

E

Energy industry group

45.83%

Max: 133.24%
Q3: 53.31%
E: 45.83%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

93.87%

Max: 133.24%
TRP: 93.87%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Eni (E) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
Dividend Yield (TTM)	0.48%	5.57%
Dividend Payout Ratio (TTM)	45.83%	93.87%

Valuation

P/E Ratio (TTM)

Eni (E) at 16.36 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

E

Energy industry group

16.36

Max: 39.54
Q3: 21.72
E: 16.36
Median: 12.19
Q1: 7.71
Min: 2.99

TRP

Energy industry group

23.19

Max: 39.54
TRP: 23.19
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Eni (E) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Eni (E) at 0.81 looks cheap on sales in the lower P/S ratio quartile, while TC Energy (TRP) at 4.03 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

E

Energy industry group

0.81

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
E: 0.81
Min: 0.00

TRP

Energy industry group

4.03

Max: 5.40
TRP: 4.03
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Eni (E) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Eni (E) at 1.31 is valued about in line with its industry on P/B ratio, while TC Energy (TRP) at 3.54 carries an above-peer premium to book — TRP is pricier on assets.

E

Energy industry group

1.31

Max: 4.21
Q3: 2.38
Median: 1.51
E: 1.31
Q1: 1.08
Min: 0.01

TRP

Energy industry group

3.54

Max: 4.21
TRP: 3.54
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Eni (E) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Eni (E) and TC Energy (TRP)
Metric	E	TRP
P/E Ratio (TTM)	16.36	23.19
P/S Ratio (TTM)	0.81	4.03
P/B Ratio (MRQ)	1.31	3.54
Free Cash Flow Yield (TTM)	7.39%	0.77%