Enterprise Products Partners L.P. (EPD) vs Phillips 66 (PSX)
A side-by-side comparison of Enterprise Products Partners L.P. and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 4, 2026. Differences are shown without an overall score or investment verdict.
EPD
Enterprise Products Partners L.P.
$36.18EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
PSX
Phillips 66
$264.58EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — EPD vs PSX
growth of $100 · dividends reinvested · last 10yEPD +167.8% (+10.4%/yr)PSX +384.4% (+17.1%/yr)PSX compounded faster over this window
EPD PSX
EPD vs PSX: by the numbers
- •PSX is the larger company ($106.08B vs $78.28B market cap).
- •EPD trades at the lower trailing earnings multiple (12.56 vs 15.08 P/E), one valuation lens rather than an overall verdict.
- •EPD converts more revenue to profit (10.77% vs 4.62% net margin).
- •PSX grew revenue faster over the past five years (13.56% vs 12.42% CAGR).
- •EPD pays the higher dividend yield (6.09% vs 1.89%).
Metrics side by side
Valuation
| Metric | EPD | PSX |
|---|---|---|
| P/E ratio | 12.56 | 15.08 |
| Forward P/E | 12.05 | 9.20 |
| PEG ratio | 1.36 | N/A |
| P/S ratio | 1.34 | 0.69 |
| P/B ratio | 2.59 | 3.37 |
| EV / EBITDA | 10.75 | 9.39 |
| FCF yield | 4.42% | 6.03% |
Profitability
| Metric | EPD | PSX |
|---|---|---|
| Gross margin | 13.25% | 9.78% |
| Operating margin | 12.97% | 6.67% |
| Net margin | 10.77% | 4.62% |
| ROE | 20.81% | 22.51% |
| ROIC | 11.34% | 12.71% |
Dividends
| Metric | EPD | PSX |
|---|---|---|
| Dividend yield | 6.09% | 1.89% |
| Payout ratio | 76.56% | 28.55% |
Growth (annualized)
| Metric | EPD | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 12.42% | 13.56% |
| EPS CAGR (5Y) | 9.24% | N/A |
| FCF CAGR (5Y) | 2.63% | 35.99% |
| Total return CAGR (5Y) | 18.80% | 34.33% |
Frequently asked
- Which has the lower trailing P/E, EPD or PSX?
- EPD has the lower trailing P/E: EPD trades at 12.56 and PSX at 15.08. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, EPD or PSX?
- Over the past five years, PSX grew revenue faster — EPD at a 12.42% CAGR versus PSX at 13.56%.
- Does EPD or PSX pay a bigger dividend?
- EPD yields 6.09% and PSX yields 1.89% based on trailing dividends and the latest price.
- Is EPD or PSX more profitable?
- EPD runs the higher net margin — EPD at 10.77% versus PSX at 4.62%.
- How have EPD and PSX total returns compared?
- Over the past 10 years, EPD delivered 10.26% and PSX delivered 16.90% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enterprise Products Partners L.P. P/E ratioPhillips 66 P/E ratioEnterprise Products Partners L.P. dividend yieldPhillips 66 dividend yieldEnterprise Products Partners L.P. ROEPhillips 66 ROEEnterprise Products Partners L.P. operating marginPhillips 66 operating marginEnterprise Products Partners L.P. revenue growthPhillips 66 revenue growthEnterprise Products Partners L.P. free cash flowPhillips 66 free cash flow
Enterprise Products Partners L.P. & Phillips 66 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 October 4, 2026.