TAC

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TransAlta Corp.

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Key Metrics

Previous Close: $12.38
52-Week Range: $11.38 – $17.88
Market Cap: $3.98B
P/E (TTM): —
EPS (TTM): -0.22
Dividend Yield: 1.60%

Advanced Metrics

Price/Book: 6.61
PEG Ratio: 6.98
Return on Equity: -1.42%
Return on Assets: 2.35%
Gross Margin: 34.77%
Operating Margin: 33.27%
Profit Margin: -1.01%
Current Ratio: 0.84
Debt/Equity: 2.29
Total Debt: $4.24B
Free Cash Flow: $290.88M
Revenue Growth: 12.50%
Earnings Growth: —
Enterprise Value: $8.86B

TAC Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.98B	$3.35B	$2.85B	$2.40B
Cost of Revenue	$1.34B	$1.17B	$1.05B	$985.00M
Gross Profit	$1.64B	$2.18B	$1.79B	$1.42B
Selling, General & Admin	$263.00M	$254.00M	$296.00M	$317.00M
Operating Expenses	$1.14B	$1.19B	$1.21B	$1.35B
Operating Income	$491.00M	$993.00M	$581.00M	$70.00M
EBITDA	$1.16B	$1.71B	$1.10B	$704.00M
Pretax Income	$353.00M	$880.00M	$319.00M	-$141.00M
Income Tax	$192.00M	$84.00M	$80.00M	$17.00M
Net Income	$50.00M	$695.00M	$229.00M	-$138.00M
Diluted EPS	0.01	2.33	0.59	-0.64
Diluted Shares	271.00M	276.00M	302.00M	297.00M

TAC Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.13B	$348.00M	$337.00M	$205.00M
Receivables	$1.28B	$662.00M	$643.00M	$607.00M
Inventory	$157.00M	$157.00M	$134.00M	$111.00M
Current Assets	$3.71B	$1.58B	$1.77B	$1.34B
Total Assets	$10.74B	$8.66B	$9.50B	$8.66B
Current Liabilities	$2.89B	$1.74B	$2.57B	$1.83B
Long-Term Debt	$3.69B	$3.14B	$3.09B	$3.28B
Total Debt	$4.01B	$3.81B	$4.56B	$4.34B
Total Liabilities	$8.75B	$7.00B	$7.66B	$7.20B
Retained Earnings	-$2.51B	-$2.57B	-$2.46B	-$2.73B
Shareholders' Equity	$1.11B	$1.54B	$1.75B	$1.40B
Working Capital	$826.00M	-$162.00M	-$796.00M	-$494.00M
Net Debt	$2.74B	$3.32B	$4.07B	$3.99B

TAC Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$877.00M	$1.46B	$796.00M	$646.00M
Capital Expenditure	-$949.00M	-$888.00M	-$327.00M	-$262.00M
Free Cash Flow	-$72.00M	$576.00M	$469.00M	$384.00M
Depreciation & Amortisation	$599.00M	$621.00M	$531.00M	$579.00M
Investing Cash Flow	-$741.00M	-$814.00M	-$520.00M	-$418.00M
Financing Cash Flow	$45.00M	-$1.43B	-$291.00M	-$362.00M
Dividends Paid	-$97.00M	-$109.00M	-$123.00M	-$126.00M
Share Repurchases	-$52.00M	-$87.00M	-$143.00M	-$24.00M
Net Change in Cash	$181.00M	-$782.00M	-$15.00M	-$134.00M

TAC Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$433.00M	$615.00M	$599.00M	$565.00M	$487.00M
Cost of Revenue	$99.00M	$262.00M	$298.00M	$204.00M	$54.00M
Gross Profit	$334.00M	$353.00M	$301.00M	$361.00M	$433.00M
Selling, General & Admin	$77.00M	$81.00M	$83.00M	$99.00M	$88.00M
Operating Expenses	$337.00M	$328.00M	$353.00M	$288.00M	$290.00M
Operating Income	-$3.00M	$25.00M	-$52.00M	$73.00M	$143.00M
EBITDA	$123.00M	$149.00M	$169.00M	$191.00M	$252.00M
Pretax Income	-$95.00M	-$53.00M	-$42.00M	$23.00M	$80.00M
Income Tax	$11.00M	$1.00M	-$2.00M	$6.00M	$28.00M
Net Income	-$99.00M	-$49.00M	-$36.00M	$13.00M	$49.00M
Diluted EPS	-0.38	-0.20	—	0.04	0.12
Diluted Shares	297.00M	297.00M	—	297.00M	302.00M

TAC Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$222.00M	$211.00M	$205.00M	$274.00M	$302.00M
Receivables	$655.00M	$680.00M	$607.00M	$581.00M	$659.00M
Inventory	$135.00M	$139.00M	$111.00M	$118.00M	$126.00M
Current Assets	$1.44B	$1.46B	$1.34B	$1.39B	$1.43B
Total Assets	$8.94B	$8.89B	$8.66B	$8.79B	$8.84B
Current Liabilities	$1.83B	$1.85B	$1.83B	$1.82B	$1.69B
Long-Term Debt	$3.59B	$3.50B	$3.28B	$3.53B	$3.30B
Total Debt	$4.51B	$4.42B	$4.34B	$4.46B	$4.24B
Total Liabilities	$7.28B	$7.28B	$7.20B	$7.31B	$6.99B
Retained Earnings	-$2.55B	-$2.63B	-$2.73B	-$2.74B	-$2.70B
Shareholders' Equity	$1.58B	$1.53B	$1.40B	$1.41B	$1.78B
Working Capital	-$385.00M	-$392.00M	-$494.00M	-$432.00M	-$264.00M
Net Debt	$4.29B	$4.20B	$3.99B	$4.19B	$3.94B

TAC Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$157.00M	$251.00M	$231.00M	$123.00M	$62.00M
Capital Expenditure	-$73.00M	-$55.00M	-$94.00M	-$29.00M	-$45.00M
Free Cash Flow	$84.00M	$196.00M	$137.00M	$94.00M	$17.00M
Depreciation & Amortisation	$150.00M	$135.00M	$148.00M	$105.00M	$105.00M
Investing Cash Flow	-$57.00M	-$101.00M	-$116.00M	-$93.00M	-$69.00M
Financing Cash Flow	-$115.00M	-$164.00M	-$121.00M	$38.00M	$32.00M
Dividends Paid	-$31.00M	-$33.00M	-$31.00M	-$32.00M	-$34.00M
Share Repurchases	-$21.00M	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	-$15.00M	-$14.00M	-$6.00M	$68.00M	$25.00M

Market Snapshot

About

TransAlta Corporation is a Canadian power generation and energy trading company operating wind, hydro, gas, and solar facilities across North America and Australia. The company has been transitioning its portfolio toward renewable energy sources while maintaining thermal generation assets. TransAlta provides essential electricity generation capacity and energy management services to wholesale and commercial markets.