TRP vs. TTE: TC Energy vs. TotalEnergies Stock Comparison

November 11, 2026

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

Company profile comparison for TC Energy (TRP) and TotalEnergies (TTE)
Profile Item	TRP	TTE
Name	TC Energy Corporation	TotalEnergies SE
Country/Region	Canada	France
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Integrated Oil & Gas
Market Capitalization	64.51 billion USD	192.81 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 20, 1982	October 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

TRP

TTE

GSPC

TC Energy (TRP) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
Total Return (1Y)	24.67%	47.13%
Total Return (3Y, Annualized)	26.02%	16.28%
Total Return (5Y, Annualized)	9.85%	17.77%

Risk Profile

Drawdown History

TRP

TTE

GSPC

TC Energy (TRP) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
Volatility (1Y, Annualized)	19.39%	25.22%
Beta (5Y)	0.64	0.15
Max Drawdown (5Y)	-38.98%	-26.16%
Avg. Volume (3M)	2.56M	1.80M

Risk-Adjusted Performance

Risk-Return Positioning

TRP and TTE 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 TotalEnergies (TTE)
Metric	TRP	TTE
Sharpe Ratio (1Y)	1.05	1.70
Sortino Ratio (1Y)	1.61	2.52

Profitability

ROE (TTM)

Both TC Energy (TRP) at 12.15% and TotalEnergies (TTE) at 17.83% 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%

TTE

Energy industry group

17.83%

Max: 53.85%
Q3: 24.79%
TTE: 17.83%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TC Energy (TRP) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE) at 10.46%, 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%

TTE

Energy industry group

10.46%

Max: 56.92%
Q3: 22.92%
TTE: 10.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TC Energy (TRP) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE) at 24.51%, 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%

TTE

Energy industry group

24.51%

Max: 71.31%
Q3: 33.75%
TTE: 24.51%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
ROE (TTM)	12.15%	17.83%
ROA (TTM)	3.70%	7.19%
Net Margin (TTM)	25.05%	10.46%
Operating Margin (TTM)	41.66%	24.51%
Gross Margin (TTM)	70.07%	39.18%

Growth

Revenue Growth

TC Energy (TRP) at 10.66% is around its peer norm for revenue growth, while TotalEnergies (TTE) at -6.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both TC Energy (TRP) at -26.19% and TotalEnergies (TTE) at -13.60% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
Revenue Growth (YoY)	10.66%	-6.78%
Revenue Growth (3Y CAGR)	7.38%	-11.53%
EPS Growth (YoY)	-26.19%	-13.60%
EPS Growth (3Y CAGR)	72.24%	-9.70%

Financial Strength

Current Ratio (MRQ)

TotalEnergies (TTE) at 1.11 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.

TRP

Energy industry group

0.57

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

TTE

Energy industry group

1.11

Max: 3.64
Q3: 2.21
Median: 1.41
TTE: 1.11
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

TotalEnergies (TTE) at 0.46 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.

TRP

Energy industry group

1.68

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

TTE

Energy industry group

0.46

Max: 1.75
Q3: 0.93
Median: 0.54
TTE: 0.46
Q1: 0.30
Min: 0.00

TC Energy (TRP) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE)
Metric	TRP	TTE
Current Ratio (MRQ)	0.57	1.11
Debt / Equity (MRQ)	1.68	0.46
Net Debt / EBITDA	6.08	0.52

Dividends

Dividend Yield (TTM)

Both TC Energy (TRP) at 5.57% and TotalEnergies (TTE) at 4.58% offer top-quartile dividend income relative to share price within their industries.

TRP

Energy industry group

5.57%

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

TTE

Energy industry group

4.58%

Max: 8.57%
TTE: 4.58%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

TotalEnergies (TTE) at 39.93% 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%

TTE

Energy industry group

39.93%

Max: 133.24%
Q3: 53.31%
TTE: 39.93%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
Dividend Yield (TTM)	5.57%	4.58%
Dividend Payout Ratio (TTM)	93.87%	39.93%

Valuation

P/E Ratio (TTM)

TotalEnergies (TTE) at 8.76 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

TTE

Energy industry group

8.76

Max: 39.54
Q3: 21.72
Median: 12.19
TTE: 8.76
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

TotalEnergies (TTE) at 0.90 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

TTE

Energy industry group

0.90

Max: 5.40
Q3: 2.85
Median: 1.69
TTE: 0.90
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

TotalEnergies (TTE) at 1.46 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.

TRP

Energy industry group

3.54

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

TTE

Energy industry group

1.46

Max: 4.21
Q3: 2.38
Median: 1.51
TTE: 1.46
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for TC Energy (TRP) and TotalEnergies (TTE)
Metric	TRP	TTE
P/E Ratio (TTM)	23.19	8.76
P/S Ratio (TTM)	4.03	0.90
P/B Ratio (MRQ)	3.54	1.46
Free Cash Flow Yield (TTM)	0.77%	7.25%