Enterprise Products Partners L.P. (EPD) vs Energy Transfer LP (ET)

Enterprise Products Partners L.P. and Energy Transfer LP are both Oil & Gas Midstream companies. Enterprise Products Partners L.P. is the larger, with a market value of $76.8B against $68.5B — 1.1× the size. Enterprise Products Partners L.P. trades at the lower P/E: 12.8× against 13.8×. Energy Transfer LP grew revenue faster over the last twelve months: 33.3% against 6.78%. Enterprise Products Partners L.P. has the higher net margin (10.7% vs 4.70%) and the higher return on invested capital (7.68% vs 5.72%). Both pay a dividend; Energy Transfer LP yields more (6.62% vs 6.00%). Across the 23 metrics below, Enterprise Products Partners L.P. leads on 12 and Energy Transfer LP on 11.

Valuation

Metric EPD ET Oil & Gas Midstream median
P/E 12.77 13.82 12.77
P/S 1.36 0.65 2.36
P/B 2.56 1.48 2.09
Price to free cash flow 19.28 13.38 9.71
EV/EBITDA 10.58 8.14 8.30
EV/Sales 1.92 1.28 3.88
Earnings yield 7.83% 7.23% 7.15%
Free cash flow yield 5.19% 7.47% 6.86%

Profitability

Metric EPD ET Oil & Gas Midstream median
Gross margin 13.25% 23.58% 56.58%
Operating margin 13.43% 10.04% 34.18%
Net margin 10.68% 4.70% 22.50%
Free cash flow margin 7.06% 4.87% 13.70%
Return on equity 20.48% 11.30% 14.65%
Return on assets 7.84% 3.70% 5.00%
Return on invested capital 7.68% 5.72% 6.13%

Growth

Metric EPD ET Oil & Gas Midstream median
Revenue growth (TTM) 6.78% 33.27% 15.60%
EPS growth (last fiscal year) (1.12%) (5.47%) (7.86%)
Revenue growth, 5-year CAGR 14.10% 17.04% 9.59%
Net income growth, 5-year CAGR 8.80% 0.00% 0.00%

Health

Metric EPD ET Oil & Gas Midstream median
Debt to equity 1.07 1.35 0.78
Current ratio 0.93 1.16 1.19
Net debt to EBITDA 3.35 4.56 3.42

Dividend

Metric EPD ET Oil & Gas Midstream median
Dividend yield 6.00% 6.62% 4.54%
Payout ratio 0.77 0.92 0.76

Size

Metric EPD ET Oil & Gas Midstream median
Market cap 76.81b 68.45b 3.73b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack