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TRP vs. VLO: TC Energy vs. Valero Energy Stock Comparison

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

Company profile comparison for TC Energy (TRP) and Valero Energy (VLO)
Profile ItemTRPVLO
NameTC Energy CorporationValero Energy Corporation
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Refining & Marketing
Market Capitalization64.51 billion USD96.62 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 20, 1982January 4, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

TRP
VLO
GSPC
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TC Energy (TRP) vs. Valero Energy (VLO), 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 Valero Energy (VLO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
Total Return (1Y)24.67%107.71%
Total Return (3Y, Annualized)26.02%47.89%
Total Return (5Y, Annualized)9.85%39.74%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
Volatility (1Y, Annualized)19.39%39.31%
Beta (5Y)0.640.60
Max Drawdown (5Y)-38.98%-41.22%
Avg. Volume (3M)2.56M3.05M

Risk-Adjusted Performance

Risk-Return Positioning

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TRP and VLO 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 Valero Energy (VLO)
MetricTRPVLO
Sharpe Ratio (1Y)1.052.63
Sortino Ratio (1Y)1.614.08

Profitability

ROE (TTM)

Valero Energy (VLO) at 46.87% sits in the top ROE quartile, while TC Energy (TRP) at 12.15% is closer to the peer norm — stronger capital efficiency for VLO.

TRP

Energy industry group

12.15%

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

VLO

Energy industry group

46.87%

Max
53.85%
VLO
46.87%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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TC Energy (TRP) vs. Valero Energy (VLO): 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 Valero Energy (VLO) at 8.83%, 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%

VLO

Energy industry group

8.83%

Max
56.92%
Q3
22.92%
Median
10.10%
VLO
8.83%
Q1
0.07%
Min
-27.38%
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TC Energy (TRP) vs. Valero Energy (VLO): 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 Valero Energy (VLO) at 20.47%, 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%

VLO

Energy industry group

20.47%

Max
71.31%
Q3
33.75%
VLO
20.47%
Median
18.73%
Q1
6.94%
Min
-24.52%
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
ROE (TTM)12.15%46.87%
ROA (TTM)3.70%17.68%
Net Margin (TTM)25.05%8.83%
Operating Margin (TTM)41.66%20.47%
Gross Margin (TTM)70.07%19.52%

Growth

Revenue Growth

Both TC Energy (TRP) at 10.66% and Valero Energy (VLO) at -5.54% 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. Valero Energy (VLO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both TC Energy (TRP) at -26.19% and Valero Energy (VLO) at -11.77% 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. Valero Energy (VLO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
Revenue Growth (YoY)10.66%-5.54%
Revenue Growth (3Y CAGR)7.38%-11.40%
EPS Growth (YoY)-26.19%-11.77%
EPS Growth (3Y CAGR)72.24%-36.12%

Financial Strength

Current Ratio (MRQ)

Valero Energy (VLO) at 1.72 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

VLO

Energy industry group

1.72

Max
3.64
Q3
2.21
VLO
1.72
Median
1.41
Q1
0.88
Min
0.24
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Valero Energy (VLO) at 0.35 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

VLO

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
VLO
0.35
Q1
0.30
Min
0.00
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TC Energy (TRP) vs. Valero Energy (VLO): 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 Valero Energy (VLO)
MetricTRPVLO
Current Ratio (MRQ)0.571.72
Debt / Equity (MRQ)1.680.35
Net Debt / EBITDA6.080.06

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Valero Energy (VLO) at 1.35% 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%

VLO

Energy industry group

1.35%

Max
8.57%
Q3
3.58%
Median
1.71%
VLO
1.35%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Valero Energy (VLO) at 10.76% 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%

VLO

Energy industry group

10.76%

Max
133.24%
Q3
53.31%
Median
25.24%
VLO
10.76%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
Dividend Yield (TTM)5.57%1.35%
Dividend Payout Ratio (TTM)93.87%10.76%

Valuation

P/E Ratio (TTM)

Valero Energy (VLO) at 7.88 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

VLO

Energy industry group

7.88

Max
39.54
Q3
21.72
Median
12.19
VLO
7.88
Q1
7.71
Min
2.99
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Valero Energy (VLO) at 0.66 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.

TRP

Energy industry group

4.03

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

VLO

Energy industry group

0.66

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
VLO
0.66
Min
0.00
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TC Energy (TRP) vs. Valero Energy (VLO): 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 Valero Energy (VLO) at 3.45 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

VLO

Energy industry group

3.45

Max
4.21
VLO
3.45
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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TC Energy (TRP) vs. Valero Energy (VLO): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for TC Energy (TRP) and Valero Energy (VLO)
MetricTRPVLO
P/E Ratio (TTM)23.197.88
P/S Ratio (TTM)4.030.66
P/B Ratio (MRQ)3.543.45
Free Cash Flow Yield (TTM)0.77%13.02%