MPLX LP (MPLX) vs TC Energy Corporation (TRP)

MPLX LP and TC Energy Corporation are both Oil & Gas Midstream companies. MPLX LP and TC Energy Corporation are of similar size ($59.7B and $58.8B). MPLX LP trades at the lower P/E: 12.2× against 24.4×. TC Energy Corporation grew revenue faster over the last twelve months: 24.0% against 8.71%. MPLX LP has the higher net margin (35.8% vs 22.2%) and the higher return on invested capital (9.45% vs 5.39%). Both pay a dividend; MPLX LP yields more (9.32% vs 7.37%). Across the 23 metrics below, MPLX LP leads on 18 and TC Energy Corporation on 5.

Valuation

Metric MPLX TRP Oil & Gas Midstream median
P/E 12.22 24.39 13.19
P/S 4.36 5.40 2.60
P/B 4.05 2.41 2.08
Price to free cash flow 13.36 20.92 10.14
EV/EBITDA 11.22 12.86 8.11
EV/Sales 6.22 9.27 3.89
Earnings yield 8.19% 4.10% 6.83%
Free cash flow yield 7.48% 4.78% 6.94%

Profitability

Metric MPLX TRP Oil & Gas Midstream median
Gross margin 59.69% 70.44% 58.81%
Operating margin 44.44% 53.94% 32.14%
Net margin 35.75% 22.19% 21.16%
Free cash flow margin 32.63% 25.80% 10.15%
Return on equity 33.41% 9.94% 11.30%
Return on assets 11.70% 2.89% 5.00%
Return on invested capital 9.45% 5.39% 6.13%

Growth

Metric MPLX TRP Oil & Gas Midstream median
Revenue growth (TTM) 8.71% 24.04% 15.44%
EPS growth (last fiscal year) 14.49% (27.55%) —
Revenue growth, 5-year CAGR 11.42% 2.36% 8.96%
Net income growth, 5-year CAGR 0.00% (6.06%) 0.00%

Health

Metric MPLX TRP Oil & Gas Midstream median
Debt to equity 1.80 1.68 0.78
Current ratio 0.89 0.61 1.19
Net debt to EBITDA 3.21 5.43 3.42

Dividend

Metric MPLX TRP Oil & Gas Midstream median
Dividend yield 9.32% 7.37% 7.29%
Payout ratio — 4.07 0.64

Size

Metric MPLX TRP Oil & Gas Midstream median
Market cap 58.78b 59.65b 3.61b

Compare with another peer

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