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

MPLX LP and TC Energy Corporation are both Oil & Gas Midstream companies. TC Energy Corporation is the larger, with a market value of $65.2B against $57.3B — 1.1× the size. MPLX LP trades at the lower P/E: 13.2× against 26.0×. TC Energy Corporation grew revenue faster over the last twelve months: 24.0% against 3.11%. MPLX LP has the higher net margin (32.9% vs 22.2%) and the higher return on invested capital (8.76% vs 5.39%). Both pay a dividend; MPLX LP yields more (9.74% vs 3.99%). 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 13.21 26.02 11.68
P/S 4.35 5.76 2.39
P/B 4.02 2.57 1.68
Price to free cash flow 14.01 22.32 8.52
EV/EBITDA 11.76 13.36 9.03
EV/Sales 6.26 9.63 3.43
Earnings yield 7.57% 3.84% 7.78%
Free cash flow yield 7.14% 4.48% 7.11%

Profitability

Metric MPLX TRP Oil & Gas Midstream median
Gross margin 57.55% 70.44% 54.87%
Operating margin 42.03% 53.94% 34.73%
Net margin 32.91% 22.19% 20.12%
Free cash flow margin 31.04% 25.80% 14.43%
Return on equity 30.16% 9.94% 11.73%
Return on assets 9.94% 2.89% 4.43%
Return on invested capital 8.76% 5.39% 6.10%

Growth

Metric MPLX TRP Oil & Gas Midstream median
Revenue growth (TTM) 3.11% 24.04% 14.88%
EPS growth (last fiscal year) 14.49% (27.55%) (7.78%)
Revenue growth, 5-year CAGR 11.42% 2.36% 10.05%
Net income growth, 5-year CAGR 0.00% (6.06%) 0.00%

Health

Metric MPLX TRP Oil & Gas Midstream median
Debt to equity 1.86 1.68 0.77
Current ratio 1.56 0.61 1.19
Net debt to EBITDA 3.21 5.43 3.46

Dividend

Metric MPLX TRP Oil & Gas Midstream median
Dividend yield 9.74% 3.99% 4.94%
Payout ratio 1.29 1.04 0.73

Size

Metric MPLX TRP Oil & Gas Midstream median
Market cap 57.29b 65.20b 3.56b

Compare with another peer

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