Energy Transfer LP (ET) vs TC Energy Corporation (TRP)
Energy Transfer LP and TC Energy Corporation are both Oil & Gas Midstream companies. Energy Transfer LP is the larger, with a market value of $70.2B against $59.7B — 1.2× the size. Energy Transfer LP trades at the lower P/E: 13.7× against 24.4×. Energy Transfer LP grew revenue faster over the last twelve months: 33.3% against 24.0%. TC Energy Corporation has the higher net margin (22.2% vs 4.70%) and the lower return on invested capital (5.39% vs 5.72%). Both pay a dividend; Energy Transfer LP yields more (8.97% vs 7.37%). Across the 23 metrics below, Energy Transfer LP leads on 19 and TC Energy Corporation on 4.
Valuation
Profitability
| Metric | ET | TRP | Oil & Gas Midstream median |
|---|---|---|---|
| Gross margin | 23.58% | 70.44% | 58.81% |
| Operating margin | 10.04% | 53.94% | 32.14% |
| Net margin | 4.70% | 22.19% | 21.16% |
| Free cash flow margin | 4.87% | 25.80% | 10.15% |
| Return on equity | 11.30% | 9.94% | 11.30% |
| Return on assets | 3.70% | 2.89% | 5.00% |
| Return on invested capital | 5.72% | 5.39% | 6.13% |
Growth
Health
Dividend
Size
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