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TRP vs. VNOM: TC Energy vs. Viper Energy Stock Comparison

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

Company profile comparison for TC Energy (TRP) and Viper Energy (VNOM)
Profile ItemTRPVNOM
NameTC Energy CorporationViper Energy, Inc.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Exploration & Production
Market Capitalization64.51 billion USD21.21 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateSeptember 20, 1982June 18, 2014
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

TRP
VNOM
GSPC
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TC Energy (TRP) vs. Viper Energy (VNOM), 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 Viper Energy (VNOM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
Total Return (1Y)24.67%12.89%
Total Return (3Y, Annualized)26.02%17.78%
Total Return (5Y, Annualized)9.85%18.74%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
Volatility (1Y, Annualized)19.39%29.71%
Beta (5Y)0.640.54
Max Drawdown (5Y)-38.98%-34.46%
Avg. Volume (3M)2.56M1.93M

Risk-Adjusted Performance

Risk-Return Positioning

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TRP and VNOM 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 Viper Energy (VNOM)
MetricTRPVNOM
Sharpe Ratio (1Y)1.050.29
Sortino Ratio (1Y)1.610.40

Profitability

ROE (TTM)

Both TC Energy (TRP) at 12.15% and Viper Energy (VNOM) at 5.60% 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%

VNOM

Energy industry group

5.60%

Max
53.85%
Q3
24.79%
Median
12.85%
VNOM
5.60%
Q1
2.03%
Min
-29.09%
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TC Energy (TRP) vs. Viper Energy (VNOM): 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 Viper Energy (VNOM) at 12.77%, 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%

VNOM

Energy industry group

12.77%

Max
56.92%
Q3
22.92%
VNOM
12.77%
Median
10.10%
Q1
0.07%
Min
-27.38%
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both TC Energy (TRP) at 41.66% and Viper Energy (VNOM) at 58.79% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

TRP

Energy industry group

41.66%

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

VNOM

Energy industry group

58.79%

Max
71.31%
VNOM
58.79%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
ROE (TTM)12.15%5.60%
ROA (TTM)3.70%5.83%
Net Margin (TTM)25.05%12.77%
Operating Margin (TTM)41.66%58.79%
Gross Margin (TTM)70.07%100.00%

Growth

Revenue Growth

Viper Energy (VNOM) at 62.09% clears its industry range for revenue growth, far stronger top-line momentum than TC Energy (TRP) at 10.66%, which is closer to a typical peer reading.

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

EPS Growth

TC Energy (TRP) at -26.19% is around its peer norm for EPS growth, while Viper Energy (VNOM) at -112.57% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
Revenue Growth (YoY)10.66%62.09%
Revenue Growth (3Y CAGR)7.38%17.21%
EPS Growth (YoY)-26.19%-112.57%
EPS Growth (3Y CAGR)72.24%--

Financial Strength

Current Ratio (MRQ)

Viper Energy (VNOM) at 5.92 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

VNOM

Energy industry group

5.92

VNOM
5.92
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Viper Energy (VNOM) at 0.23 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

VNOM

Energy industry group

0.23

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
VNOM
0.23
Min
0.00
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TC Energy (TRP) vs. Viper Energy (VNOM): 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 Viper Energy (VNOM)
MetricTRPVNOM
Current Ratio (MRQ)0.575.92
Debt / Equity (MRQ)1.680.23
Net Debt / EBITDA6.081.14

Dividends

Dividend Yield (TTM)

Both TC Energy (TRP) at 5.57% and Viper Energy (VNOM) at 5.97% 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%

VNOM

Energy industry group

5.97%

Max
8.57%
VNOM
5.97%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Viper Energy (VNOM) reports payout ratio above 100% at 194.44%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile TC Energy (TRP) reports 93.87%, ranking against industry peers normally.

TRP

Energy industry group

93.87%

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

VNOM

Energy industry group

194.44%

VNOM
194.44%
Max
133.24%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
Dividend Yield (TTM)5.57%5.97%
Dividend Payout Ratio (TTM)93.87%194.44%

Valuation

P/E Ratio (TTM)

Both TC Energy (TRP) at 23.19 and Viper Energy (VNOM) at 32.24 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

TRP

Energy industry group

23.19

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

VNOM

Energy industry group

32.24

Max
39.54
VNOM
32.24
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: TC Energy (TRP) at 4.03 sits in the upper P/S ratio quartile, and Viper Energy (VNOM) at 9.82 prices even higher, above its industry range.

TRP

Energy industry group

4.03

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

VNOM

Energy industry group

9.82

VNOM
9.82
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Viper Energy (VNOM) at 1.53 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

VNOM

Energy industry group

1.53

Max
4.21
Q3
2.38
VNOM
1.53
Median
1.51
Q1
1.08
Min
0.01
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TC Energy (TRP) vs. Viper Energy (VNOM): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for TC Energy (TRP) and Viper Energy (VNOM)
MetricTRPVNOM
P/E Ratio (TTM)23.1932.24
P/S Ratio (TTM)4.039.82
P/B Ratio (MRQ)3.541.53
Free Cash Flow Yield (TTM)0.77%3.67%