Enterprise Products Partners L.P. (EPD) vs ONEOK, Inc. (OKE)

Enterprise Products Partners L.P. and ONEOK, Inc. are both Oil & Gas Midstream companies. Enterprise Products Partners L.P. is the larger, with a market value of $79.1B against $54.4B — 1.5× the size. Enterprise Products Partners L.P. trades at the lower P/E: 12.2× against 13.3×. ONEOK, Inc. grew revenue faster over the last twelve months: 36.8% against 21.5%. ONEOK, Inc. has the higher net margin (9.42% vs 0.00%) and the lower return on invested capital (6.30% vs 7.93%). Both pay a dividend; Enterprise Products Partners L.P. yields more (6.04% vs 4.94%). Across the 23 metrics below, Enterprise Products Partners L.P. leads on 12 and ONEOK, Inc. on 11.

Valuation

Metric EPD OKE Oil & Gas Midstream median
P/E 12.17 13.32 11.68
P/S 1.23 1.27 2.39
P/B 2.54 1.68 1.68
Price to free cash flow 17.35 21.62 8.52
EV/EBITDA 10.58 10.81 9.03
EV/Sales 1.75 1.92 3.43
Earnings yield 8.22% 7.51% 7.78%
Free cash flow yield 5.77% 4.62% 7.11%

Profitability

Metric EPD OKE Oil & Gas Midstream median
Gross margin 12.50% 25.20% 54.87%
Operating margin 12.67% 14.17% 34.73%
Net margin 0.00% 9.42% 20.12%
Free cash flow margin 14.45% 5.85% 14.43%
Return on equity 0.00% 14.89% 11.73%
Return on assets 0.00% 5.77% 4.43%
Return on invested capital 7.93% 6.30% 6.10%

Growth

Metric EPD OKE Oil & Gas Midstream median
Revenue growth (TTM) 21.49% 36.82% 14.88%
EPS growth (last fiscal year) (1.12%) 4.84% (7.78%)
Revenue growth, 5-year CAGR 14.10% 31.53% 10.05%
Net income growth, 5-year CAGR 8.80% 40.87% 0.00%

Health

Metric EPD OKE Oil & Gas Midstream median
Debt to equity 1.07 0.88 0.77
Current ratio 0.93 0.84 1.19
Net debt to EBITDA 3.35 4.40 3.46

Dividend

Metric EPD OKE Oil & Gas Midstream median
Dividend yield 6.04% 4.94% 4.94%
Payout ratio 0.74 0.66 0.73

Size

Metric EPD OKE Oil & Gas Midstream median
Market cap 79.08b 54.38b 3.56b

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