MPLX LP (MPLX) vs Venture Global, Inc. (VG)

MPLX LP and Venture Global, Inc. are both Oil & Gas Midstream companies. MPLX LP is the larger, with a market value of $57.3B against $28.8B — 2.0× the size. Venture Global, Inc. trades at the lower P/E: 8.6× against 13.2×. Venture Global, Inc. grew revenue faster over the last twelve months: 100.7% against 3.11%. MPLX LP has the higher net margin (32.9% vs 19.7%) and the higher return on invested capital (8.76% vs 7.86%). Across the 19 metrics below, MPLX LP leads on 10 and Venture Global, Inc. on 9.

Valuation

Metric MPLX VG Oil & Gas Midstream median
P/E 13.21 8.57 11.68
P/S 4.35 1.71 2.39
P/B 4.02 2.40 1.68
Price to free cash flow 14.01 n/m 8.52
EV/EBITDA 11.76 9.21 9.03
EV/Sales 6.26 3.99 3.43
Earnings yield 7.57% 11.67% 7.78%
Free cash flow yield 7.14% (24.11%) 7.11%

Profitability

Metric MPLX VG Oil & Gas Midstream median
Gross margin 57.55% 53.48% 54.87%
Operating margin 42.03% 37.62% 34.73%
Net margin 32.91% 19.65% 20.12%
Free cash flow margin 31.04% (41.24%) 14.43%
Return on equity 30.16% 31.90% 11.73%
Return on assets 9.94% 6.17% 4.43%
Return on invested capital 8.76% 7.86% 6.10%

Growth

Metric MPLX VG Oil & Gas Midstream median
Revenue growth (TTM) 3.11% 100.72% 14.88%
EPS growth (last fiscal year) 14.49% 50.88% (7.78%)
Revenue growth, 5-year CAGR 11.42% — 10.05%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MPLX VG Oil & Gas Midstream median
Debt to equity 1.86 3.46 0.77
Current ratio 1.56 1.19 1.19
Net debt to EBITDA 3.21 5.19 3.46

Dividend

Metric MPLX VG Oil & Gas Midstream median
Dividend yield 9.74% — 4.94%
Payout ratio 1.29 — 0.73

Size

Metric MPLX VG Oil & Gas Midstream median
Market cap 57.29b 28.80b 3.56b

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