Enterprise Products Partners L.P. (EPD) vs TC Energy Corporation (TRP)
A side-by-side comparison of Enterprise Products Partners L.P. and TC Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.
EPD
Enterprise Products Partners L.P.
$39.36EnergyDelayed quote: Sep 3, 2026, 3:20 PM EDT
TRP
TC Energy Corporation
$63.01EnergyDelayed quote: Sep 3, 2026, 3:20 PM EDT
Total return — EPD vs TRP
growth of $100 · dividends reinvested · last 10yEPD +197.8% (+11.5%/yr)TRP +170.6% (+10.5%/yr)EPD compounded faster over this window
EPD TRP
EPD vs TRP: by the numbers
- •EPD is the larger company ($85.15B vs $65.59B market cap).
- •EPD trades at the lower trailing earnings multiple (13.67 vs 26.09 P/E), one valuation lens rather than an overall verdict.
- •TRP converts more revenue to profit (22.46% vs 10.77% net margin).
- •EPD grew revenue faster over the past five years (12.42% vs 2.32% CAGR).
- •EPD pays the higher dividend yield (5.60% vs 3.97%).
Metrics side by side
Valuation
| Metric | EPD | TRP |
|---|---|---|
| P/E ratio | 13.67 | 26.09 |
| Forward P/E | 13.10 | 16.27 |
| P/S ratio | 1.47 | 5.67 |
| P/B ratio | 2.84 | 3.33 |
| EV / EBITDA | 11.49 | 14.75 |
| FCF yield | 4.02% | 3.99% |
Profitability
| Metric | EPD | TRP |
|---|---|---|
| Gross margin | 13.25% | 51.47% |
| Operating margin | 12.97% | 46.09% |
| Net margin | 10.77% | 22.46% |
| ROE | 20.81% | 13.19% |
| ROIC | 11.34% | 5.18% |
Dividends
| Metric | EPD | TRP |
|---|---|---|
| Dividend yield | 5.60% | 3.97% |
| Payout ratio | 82.89% | 104.06% |
Growth (annualized)
| Metric | EPD | TRP |
|---|---|---|
| Revenue CAGR (5Y) | 12.42% | 2.32% |
| EPS CAGR (5Y) | 9.24% | -8.54% |
| FCF CAGR (5Y) | 2.63% | 69.19% |
| Total return CAGR (5Y) | 19.73% | 14.20% |
Frequently asked
- Which has the lower trailing P/E, EPD or TRP?
- EPD has the lower trailing P/E: EPD trades at 13.67 and TRP at 26.09. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, EPD or TRP?
- Over the past five years, EPD grew revenue faster — EPD at a 12.42% CAGR versus TRP at 2.32%.
- Does EPD or TRP pay a bigger dividend?
- EPD yields 5.60% and TRP yields 3.97% based on trailing dividends and the latest price.
- Is EPD or TRP more profitable?
- TRP runs the higher net margin — EPD at 10.77% versus TRP at 22.46%.
- How have EPD and TRP total returns compared?
- Over the past 10 years, EPD delivered 11.53% and TRP delivered 10.23% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enterprise Products Partners L.P. P/E ratioTC Energy P/E ratioEnterprise Products Partners L.P. dividend yieldTC Energy dividend yieldEnterprise Products Partners L.P. ROETC Energy ROEEnterprise Products Partners L.P. operating marginTC Energy operating marginEnterprise Products Partners L.P. revenue growthTC Energy revenue growthEnterprise Products Partners L.P. free cash flowTC Energy free cash flow
Enterprise Products Partners L.P. & TC Energy 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 3, 2026.