TRP vs. WDS: TC Energy vs. Woodside Energy Stock Comparison

November 11, 2026

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

TC Energy (TRP) trades as ordinary local shares, while Woodside Energy (WDS) 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 Woodside Energy (WDS)
Profile Item	TRP	WDS
Name	TC Energy Corporation	Woodside Energy Group Ltd ADR
Country/Region	Canada	Australia
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	Oil & Gas Exploration & Production
Market Capitalization	64.51 billion USD	40.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 20, 1982	November 18, 1996
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

TRP

WDS

GSPC

TC Energy (TRP) vs. Woodside Energy (WDS), 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 Woodside Energy (WDS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
Total Return (1Y)	24.67%	30.30%
Total Return (3Y, Annualized)	26.02%	5.67%
Total Return (5Y, Annualized)	9.85%	11.65%

Risk Profile

Drawdown History

TRP

WDS

GSPC

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

Risk Metrics

Risk profile metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
Volatility (1Y, Annualized)	19.39%	33.53%
Beta (5Y)	0.64	0.38
Max Drawdown (5Y)	-38.98%	-48.77%
Avg. Volume (3M)	2.56M	570.04K

Risk-Adjusted Performance

Risk-Return Positioning

TRP and WDS 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 Woodside Energy (WDS)
Metric	TRP	WDS
Sharpe Ratio (1Y)	1.05	0.78
Sortino Ratio (1Y)	1.61	1.11

Profitability

ROE (TTM)

Both TC Energy (TRP) at 12.15% and Woodside Energy (WDS) at 7.68% 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%

WDS

Energy industry group

7.68%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
WDS: 7.68%
Q1: 2.03%
Min: -29.09%

TC Energy (TRP) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at 22.21%, 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%

WDS

Energy industry group

22.21%

Max: 56.92%
Q3: 22.92%
WDS: 22.21%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TC Energy (TRP) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at 23.91%, 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%

WDS

Energy industry group

23.91%

Max: 71.31%
Q3: 33.75%
WDS: 23.91%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
ROE (TTM)	12.15%	7.68%
ROA (TTM)	3.70%	2.83%
Net Margin (TTM)	25.05%	22.21%
Operating Margin (TTM)	41.66%	23.91%
Gross Margin (TTM)	70.07%	34.92%

Growth

Revenue Growth

Both TC Energy (TRP) at 10.66% and Woodside Energy (WDS) at -1.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both TC Energy (TRP) at -26.19% and Woodside Energy (WDS) at -24.02% 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. Woodside Energy (WDS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
Revenue Growth (YoY)	10.66%	-1.48%
Revenue Growth (3Y CAGR)	7.38%	-8.26%
EPS Growth (YoY)	-26.19%	-24.02%
EPS Growth (3Y CAGR)	72.24%	-30.68%

Financial Strength

Current Ratio (MRQ)

Woodside Energy (WDS) at 1.39 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

WDS

Energy industry group

1.39

Max: 3.64
Q3: 2.21
Median: 1.41
WDS: 1.39
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Woodside Energy (WDS) at 0.33 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

WDS

Energy industry group

0.33

Max: 1.75
Q3: 0.93
Median: 0.54
WDS: 0.33
Q1: 0.30
Min: 0.00

TC Energy (TRP) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS)
Metric	TRP	WDS
Current Ratio (MRQ)	0.57	1.39
Debt / Equity (MRQ)	1.68	0.33
Net Debt / EBITDA	6.08	1.15

Dividends

Dividend Yield (TTM)

Both TC Energy (TRP) at 5.57% and Woodside Energy (WDS) at 5.41% 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%

WDS

Energy industry group

5.41%

Max: 8.57%
WDS: 5.41%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both TC Energy (TRP) at 93.87% and Woodside Energy (WDS) at 69.78% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

TRP

Energy industry group

93.87%

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

WDS

Energy industry group

69.78%

Max: 133.24%
WDS: 69.78%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
Dividend Yield (TTM)	5.57%	5.41%
Dividend Payout Ratio (TTM)	93.87%	69.78%

Valuation

P/E Ratio (TTM)

Woodside Energy (WDS) at 13.15 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

WDS

Energy industry group

13.15

Max: 39.54
Q3: 21.72
WDS: 13.15
Median: 12.19
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Both TC Energy (TRP) at 4.03 and Woodside Energy (WDS) at 2.89 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

TRP

Energy industry group

4.03

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

WDS

Energy industry group

2.89

Max: 5.40
WDS: 2.89
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Woodside Energy (WDS) at 1.11 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

WDS

Energy industry group

1.11

Max: 4.21
Q3: 2.38
Median: 1.51
WDS: 1.11
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for TC Energy (TRP) and Woodside Energy (WDS)
Metric	TRP	WDS
P/E Ratio (TTM)	23.19	13.15
P/S Ratio (TTM)	4.03	2.89
P/B Ratio (MRQ)	3.54	1.11
Free Cash Flow Yield (TTM)	0.77%	1.41%