Enterprise Products Partners L.P. (EPD) vs Energy Transfer LP (ET)
A side-by-side comparison of Enterprise Products Partners L.P. and Energy Transfer LP across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
EPD
Enterprise Products Partners L.P.
$38.01EnergyDelayed quote: Sep 22, 2026, 4:00 PM EDT
ET
Energy Transfer LP
$20.40EnergyDelayed quote: Sep 22, 2026, 4:00 PM EDT
Total return — EPD vs ET
growth of $100 · dividends reinvested · last 10yEPD +194.4% (+11.4%/yr)ET +174.2% (+10.6%/yr)EPD compounded faster over this window
EPD ET
EPD vs ET: by the numbers
- •EPD is the larger company ($82.24B vs $70.20B market cap).
- •ET trades at the lower trailing earnings multiple (12.67 vs 13.20 P/E), one valuation lens rather than an overall verdict.
- •EPD converts more revenue to profit (10.77% vs 5.57% net margin).
- •ET grew revenue faster over the past five years (14.94% vs 12.42% CAGR).
- •ET pays the higher dividend yield (6.24% vs 5.67%).
Metrics side by side
Valuation
| Metric | EPD | ET |
|---|---|---|
| P/E ratio | 13.20 | 12.67 |
| Forward P/E | 12.67 | 12.03 |
| P/S ratio | 1.41 | 0.67 |
| P/B ratio | 2.72 | 1.99 |
| EV / EBITDA | 11.13 | 8.30 |
| FCF yield | 4.21% | 7.43% |
Profitability
| Metric | EPD | ET |
|---|---|---|
| Gross margin | 13.25% | 24.11% |
| Operating margin | 12.97% | 10.60% |
| Net margin | 10.77% | 5.57% |
| ROE | 20.81% | 16.47% |
| ROIC | 11.34% | 8.16% |
Dividends
| Metric | EPD | ET |
|---|---|---|
| Dividend yield | 5.67% | 6.24% |
| Payout ratio | 76.56% | 83.54% |
Growth (annualized)
| Metric | EPD | ET |
|---|---|---|
| Revenue CAGR (5Y) | 12.42% | 14.94% |
| EPS CAGR (5Y) | 9.24% | 0.25% |
| FCF CAGR (5Y) | 2.63% | 11.51% |
| Total return CAGR (5Y) | 20.21% | 28.04% |
Frequently asked
- Which has the lower trailing P/E, EPD or ET?
- ET has the lower trailing P/E: EPD trades at 13.20 and ET at 12.67. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, EPD or ET?
- Over the past five years, ET grew revenue faster — EPD at a 12.42% CAGR versus ET at 14.94%.
- Does EPD or ET pay a bigger dividend?
- EPD yields 5.67% and ET yields 6.24% based on trailing dividends and the latest price.
- Is EPD or ET more profitable?
- EPD runs the higher net margin — EPD at 10.77% versus ET at 5.57%.
- How have EPD and ET total returns compared?
- Over the past 10 years, EPD delivered 11.40% and ET delivered 10.54% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enterprise Products Partners L.P. P/E ratioEnergy Transfer LP P/E ratioEnterprise Products Partners L.P. dividend yieldEnergy Transfer LP dividend yieldEnterprise Products Partners L.P. ROEEnergy Transfer LP ROEEnterprise Products Partners L.P. operating marginEnergy Transfer LP operating marginEnterprise Products Partners L.P. revenue growthEnergy Transfer LP revenue growthEnterprise Products Partners L.P. free cash flowEnergy Transfer LP free cash flow
Enterprise Products Partners L.P. & Energy Transfer LP appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.