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TRP vs. TS: TC Energy vs. Tenaris Stock Comparison

How do TC Energy (TRP) and Tenaris (TS) 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

TC Energy (TRP) and Tenaris (TS) both fall under the Energy industry group, but TRP is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

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

Company profile comparison for TC Energy (TRP) and Tenaris (TS)
Profile ItemTRPTS
NameTC Energy CorporationTenaris S.A. American Depositary Shares
Country/RegionCanadaLuxembourg
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsEnergy Equipment & Services
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Equipment & Services
Market Capitalization64.51 billion USD29.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 20, 1982December 16, 2002
Security TypeCommon StockADR

Price Performance

Cumulative Growth

TRP
TS
GSPC
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TC Energy (TRP) vs. Tenaris (TS), 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 TC Energy (TRP) and Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Total Return (1Y)24.67%49.29%
Total Return (3Y, Annualized)26.02%24.84%
Total Return (5Y, Annualized)9.85%22.48%

Risk Profile

Drawdown History

TRP
TS
GSPC
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TC Energy (TRP) vs. Tenaris (TS), 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 TC Energy (TRP) and Tenaris (TS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Volatility (1Y, Annualized)19.39%29.07%
Beta (5Y)0.640.88
Max Drawdown (5Y)-38.98%-33.71%
Avg. Volume (3M)2.56M1.24M

Risk-Adjusted Performance

Risk-Return Positioning

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TRP and TS 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 TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Sharpe Ratio (1Y)1.051.55
Sortino Ratio (1Y)1.612.30

Profitability

ROE (TTM)

Both TC Energy (TRP) at 12.15% and Tenaris (TS) at 11.86% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

TRP

Energy industry group

12.15%

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

TS

Energy industry group

11.86%

Max
53.85%
Q3
24.79%
Median
12.85%
TS
11.86%
Q1
2.03%
Min
-29.09%
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TC Energy (TRP) vs. Tenaris (TS): 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 Tenaris (TS) at 16.24%, which keeps about the industry-typical share.

TRP

Energy industry group

25.05%

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

TS

Energy industry group

16.24%

Max
56.92%
Q3
22.92%
TS
16.24%
Median
10.10%
Q1
0.07%
Min
-27.38%
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TC Energy (TRP) vs. Tenaris (TS): 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 Tenaris (TS) at 19.26%, which runs around its industry’s norm.

TRP

Energy industry group

41.66%

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

TS

Energy industry group

19.26%

Max
71.31%
Q3
33.75%
TS
19.26%
Median
18.73%
Q1
6.94%
Min
-24.52%
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
ROE (TTM)12.15%11.86%
ROA (TTM)3.70%6.69%
Net Margin (TTM)25.05%16.24%
Operating Margin (TTM)41.66%19.26%
Gross Margin (TTM)70.07%38.54%

Growth

Revenue Growth

Both TC Energy (TRP) at 10.66% and Tenaris (TS) at -4.33% 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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TC Energy (TRP) vs. Tenaris (TS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both TC Energy (TRP) at -26.19% and Tenaris (TS) at 1.11% 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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TC Energy (TRP) vs. Tenaris (TS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Revenue Growth (YoY)10.66%-4.33%
Revenue Growth (3Y CAGR)7.38%0.62%
EPS Growth (YoY)-26.19%1.11%
EPS Growth (3Y CAGR)72.24%-5.38%

Financial Strength

Current Ratio (MRQ)

Tenaris (TS) at 3.25 carries current ratio above its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

TRP

Energy industry group

0.57

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

TS

Energy industry group

3.25

Max
3.64
TS
3.25
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower quartile, while TC Energy (TRP) at 1.68 sits in the higher-leverage quartile.

TRP

Energy industry group

1.68

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

TS

Energy industry group

0.03

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TS
0.03
Min
0.00
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Current Ratio (MRQ)0.573.25
Debt / Equity (MRQ)1.680.03
Net Debt / EBITDA6.08-0.90

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Tenaris (TS) at 2.11% pays a more typical yield — both are credible income propositions, TRP the richer one.

TRP

Energy industry group

5.57%

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

TS

Energy industry group

2.11%

Max
8.57%
Q3
3.58%
TS
2.11%
Median
1.71%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Tenaris (TS) at 45.64% 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.

TRP

Energy industry group

93.87%

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

TS

Energy industry group

45.64%

Max
133.24%
Q3
53.31%
TS
45.64%
Median
25.24%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
Dividend Yield (TTM)5.57%2.11%
Dividend Payout Ratio (TTM)93.87%45.64%

Valuation

P/E Ratio (TTM)

Tenaris (TS) at 15.09 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.

TRP

Energy industry group

23.19

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

TS

Energy industry group

15.09

Max
39.54
Q3
21.72
TS
15.09
Median
12.19
Q1
7.71
Min
2.99
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Tenaris (TS) at 2.44 is priced about in line with its industry on P/S ratio, while TC Energy (TRP) at 4.03 sits in the pricier quartile — TRP costs more per dollar of sales.

TRP

Energy industry group

4.03

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

TS

Energy industry group

2.44

Max
5.40
Q3
2.85
TS
2.44
Median
1.69
Q1
0.88
Min
0.00
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both TC Energy (TRP) at 3.54 and Tenaris (TS) at 3.53 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

TRP

Energy industry group

3.54

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

TS

Energy industry group

3.53

Max
4.21
TS
3.53
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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TC Energy (TRP) vs. Tenaris (TS): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for TC Energy (TRP) and Tenaris (TS)
MetricTRPTS
P/E Ratio (TTM)23.1915.09
P/S Ratio (TTM)4.032.44
P/B Ratio (MRQ)3.543.53
Free Cash Flow Yield (TTM)0.77%6.50%