TSX · Utilities - Independent Power Producers · CAD

TransAlta Corporation (TA.TO) Stock Analysis

TransAlta Corporation (TA.TO) is a Utilities - Independent Power Producers stock listed on TSX and quoted in Canadian Dollar.

TA.TO

CA$16.55

+CA$0.29 (+1.78%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TA.TO Key Statistics

As of Sep 4, 2026

Trading

Open: CA$16.30
Previous Close: CA$16.26
Day's Range: 16.22–16.71
52-Week Range: 15.62–25.03
Volume: 960.10K
Beta: 0.46

Valuation

Market Cap: CA$5.23B
P/E Ratio: unprofitable
Forward P/E: 29.71
PEG Ratio: 6.98
P/S ratio: 2.31
EPS (ttm): −0.31

Financials (FY)

Revenue (FY): CA$2.41B−15.47%
Net Income (FY): −CA$138.00M−160.26%
Profit margin: −1.01%
Shares Outstanding: 316.30M
1-Year Return: −0.22%

Dividend and dates

Dividend: CA$0.28+1.72%
Ex-Dividend Date: September 1, 2026
Earnings Date: November 5, 2026
Avg Volume: 2.07M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

TA.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−23.22%+88.48%−3.97%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−3.97%
2025	−13.24%
2024	+88.48%
2023	−7.32%
2022	−12.42%
2021	+47.57%
2020	+5.80%
2019	+69.13%
2018	−23.22%
2017	+2.43%
2016 (partial year)	+20.75%

As of September 4, 2026.

TA.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$2.41B	−CA$138.00M	−5.7%
2024	CA$2.85B	CA$229.00M	8.0%
2023	CA$3.36B	CA$695.00M	20.7%
2022	CA$2.98B	CA$50.00M	1.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$2.41B	CA$1.42B	CA$70.00M	−CA$138.00M	−5.7%
2024	CA$2.85B	CA$1.79B	CA$581.00M	CA$229.00M	8.0%
2023	CA$3.36B	CA$2.18B	CA$993.00M	CA$695.00M	20.7%
2022	CA$2.98B	CA$1.64B	CA$491.00M	CA$50.00M	1.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TA.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.26+6.3% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.21	3	—
2025	CA$0.26	4	+6.3%
2024	CA$0.24	4	+9.1%
2023	CA$0.22	4	+7.3%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.21	3	—
2025	CA$0.26	4	+6.3%
2024	CA$0.24	4	+9.1%
2023	CA$0.22	4	+7.3%
2022	CA$0.21	4	+10.8%
2021	CA$0.19	4	+43.4%
2020	CA$0.13	3	−19.4%
2019	CA$0.16	4	+0.0%
2018	CA$0.16	4	+0.0%
2017	CA$0.16	4	+300.0%
2016	CA$0.04	1	—

Most recent payment: CA$0.07 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TA.TO Valuation vs Utilities - Independent Power Producers Median

Median of 11 stocks

Metric	TA.TO	Utilities - Independent Power Producers median	vs median
P/S ratio	2.31	3.00	23% below
Profit margin	−1.01%	2.56%	3.6 pts below

Medians across 11 Utilities - Independent Power Producers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

TransAlta Corporation (TA.TO) is capitalised at CA$5.23B on the latest close. It is classified in the Utilities - Independent Power Producers industry, within the Utilities sector. Headcount on file is 1,350.

The most recent close on file for TA.TO is CA$16.55, dated September 4, 2026. That is +CA$0.29 (+1.78%) against the previous close. Over the past 52 weeks the price has ranged from CA$15.62 to CA$25.03. The latest close sits 5.95% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$2.41B. Against the prior fiscal year total of CA$2.85B, that is a change of −15.47%. The same year closed with a net loss of CA$138.00M. The reported profit margin is −1.01%. That is 3.6 percentage points below the Utilities - Independent Power Producers median of 2.56%. Earnings per share on a trailing basis come to −0.31.

Across the 4 fiscal years on file, revenue moves from CA$2.98B in 2022 to CA$2.41B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 29.71. The PEG ratio, which sets the P/E against expected earnings growth, reads 6.98. The price-to-sales ratio is 2.31. On price-to-sales that is 22.94% below the Utilities - Independent Power Producers median of 3. 11 Utilities - Independent Power Producers companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.46. Annualized volatility over the trailing 10 years is 32.26%. The trailing one-year price return is −0.22%. Across 10 years the annualized return works out at +13.15%.

Growth & Income

Shareholders receive a dividend, yielding 1.72% on the latest price. At the indicated rate that is CA$0.28 a share a year. The ex-dividend date on file is September 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.21 a share. The year before, 2025, totalled CA$0.26 a share.

So far in 2026 the price is −3.97%. The strongest complete calendar year on file is 2024 at +88.48%; the weakest is 2018 at −23.22%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

TransAlta Corporation (TA.TO) operates in the Utilities - Independent Power Producers industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
TransAlta Corporation	TA.TO	CA$5.23B	—
Constellation Energy Corporation	CEG	CA$105.92B	27.9
Vistra Corp.	VST	CA$50.11B	25.2
NRG Energy, Inc.	NRG	CA$25.02B	29.2

The Utilities - Independent Power Producers industry average P/E ratio is 29.2x. TransAlta Corporation has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About TransAlta Corporation

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada. The Wind and Solar segment has a net ownership interest of approximately 2,587 MW located in Alberta, Canada, the Unites States, and Western Australia, as well as battery storage facilities. The Gas segment has a net ownership interest of approximately 4834 MW located in Alberta, Canada, the Unites States, and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW located in the United States, as well as operates the Skookumchuck hydro facility in Centralia. The Energy Marketing segment is involved in the trading of electricity, natural gas, and environmental products. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

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