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PBA vs. TRP: Pembina Pipeline vs. TC Energy Stock Comparison

How do Pembina Pipeline (PBA) 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

Pembina Pipeline (PBA) and TC Energy (TRP) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Pembina Pipeline (PBA) and TC Energy (TRP)
Profile ItemPBATRP
NamePembina Pipeline Corp.TC Energy Corporation
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization28.08 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 6, 2010September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PBA
TRP
GSPC
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Pembina Pipeline (PBA) 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 Pembina Pipeline (PBA) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Total Return (1Y)35.84%24.67%
Total Return (3Y, Annualized)20.26%26.02%
Total Return (5Y, Annualized)12.46%9.85%

Risk Profile

Drawdown History

PBA
TRP
GSPC
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Pembina Pipeline (PBA) 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 Pembina Pipeline (PBA) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Volatility (1Y, Annualized)20.43%19.39%
Beta (5Y)0.590.64
Max Drawdown (5Y)-27.37%-38.98%
Avg. Volume (3M)993.87K2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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PBA 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 Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Sharpe Ratio (1Y)1.541.05
Sortino Ratio (1Y)2.321.61

Profitability

ROE (TTM)

Both Pembina Pipeline (PBA) at 12.10% 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.

PBA

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
PBA
12.10%
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%
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Pembina Pipeline (PBA) at 24.78% and TC Energy (TRP) at 25.05% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

PBA

Energy industry group

24.78%

Max
56.92%
PBA
24.78%
Q3
22.92%
Median
10.10%
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%
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Pembina Pipeline (PBA) 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 Pembina Pipeline (PBA) at 32.63%, which runs around its industry’s norm.

PBA

Energy industry group

32.63%

Max
71.31%
Q3
33.75%
PBA
32.63%
Median
18.73%
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%
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
ROE (TTM)12.10%12.15%
ROA (TTM)4.65%3.70%
Net Margin (TTM)24.78%25.05%
Operating Margin (TTM)32.63%41.66%
Gross Margin (TTM)38.23%70.07%

Growth

Revenue Growth

Both Pembina Pipeline (PBA) at 5.34% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Pembina Pipeline (PBA) at -11.33% 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.

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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Revenue Growth (YoY)5.34%10.66%
Revenue Growth (3Y CAGR)-12.50%7.38%
EPS Growth (YoY)-11.33%-26.19%
EPS Growth (3Y CAGR)-19.61%72.24%

Financial Strength

Current Ratio (MRQ)

Both Pembina Pipeline (PBA) at 0.75 and TC Energy (TRP) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

PBA

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
PBA
0.75
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
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Pembina Pipeline (PBA) at 0.80 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.

PBA

Energy industry group

0.80

Max
1.75
Q3
0.93
PBA
0.80
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
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Pembina Pipeline (PBA) 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 Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Current Ratio (MRQ)0.750.57
Debt / Equity (MRQ)0.801.68
Net Debt / EBITDA3.746.08

Dividends

Dividend Yield (TTM)

Both Pembina Pipeline (PBA) at 6.13% and TC Energy (TRP) at 5.57% offer top-quartile dividend income relative to share price within their industries.

PBA

Energy industry group

6.13%

Max
8.57%
PBA
6.13%
Q3
3.58%
Median
1.71%
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%
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Pembina Pipeline (PBA) at 86.79% and TC Energy (TRP) at 93.87% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

PBA

Energy industry group

86.79%

Max
133.24%
PBA
86.79%
Q3
53.31%
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%
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
Dividend Yield (TTM)6.13%5.57%
Dividend Payout Ratio (TTM)86.79%93.87%

Valuation

P/E Ratio (TTM)

Pembina Pipeline (PBA) at 20.12 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.

PBA

Energy industry group

20.12

Max
39.54
Q3
21.72
PBA
20.12
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
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Pembina Pipeline (PBA) at 3.36 and TC Energy (TRP) at 4.03 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

PBA

Energy industry group

3.36

Max
5.40
PBA
3.36
Q3
2.85
Median
1.69
Q1
0.88
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
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Pembina Pipeline (PBA) at 2.55 and TC Energy (TRP) at 3.54 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

PBA

Energy industry group

2.55

Max
4.21
PBA
2.55
Q3
2.38
Median
1.51
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
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Pembina Pipeline (PBA) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Pembina Pipeline (PBA) and TC Energy (TRP)
MetricPBATRP
P/E Ratio (TTM)20.1223.19
P/S Ratio (TTM)3.364.03
P/B Ratio (MRQ)2.553.54
Free Cash Flow Yield (TTM)5.53%0.77%