Which has the lower trailing P/E, ET or MPLX?

MPLX has the lower trailing P/E: ET trades at 12.87 and MPLX at 12.42. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ET or MPLX?

Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus MPLX at 7.97%.

Does ET or MPLX pay a bigger dividend?

ET yields 6.49% and MPLX yields 7.51% based on trailing dividends and the latest price.

Is ET or MPLX more profitable?

MPLX runs the higher net margin — ET at 5.57% versus MPLX at 36.75%.

How have ET and MPLX total returns compared?

Over the past 10 years, ET delivered 11.08% and MPLX delivered 15.85% annualized total return. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs MPLX Lp (MPLX)

A side-by-side comparison of Energy Transfer LP and MPLX Lp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Energy Transfer LP

$71.30B

$20.72EnergyDelayed quote: Oct 5, 2026, 4:00 PM EDT

MPLX

MPLX Lp

$58.62B

$57.77EnergyDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — ET vs MPLX

growth of $100 · dividends reinvested · last 10y

ET +187.7% (+11.1%/yr)MPLX +329.6% (+15.7%/yr)MPLX compounded faster over this window

ET MPLX

ET vs MPLX: by the numbers

•ET is the larger company ($71.30B vs $58.62B market cap).
•MPLX trades at the lower trailing earnings multiple (12.42 vs 12.87 P/E), one valuation lens rather than an overall verdict.
•MPLX converts more revenue to profit (36.75% vs 5.57% net margin).
•ET grew revenue faster over the past five years (14.94% vs 7.97% CAGR).
•MPLX pays the higher dividend yield (7.51% vs 6.49%).

Metrics side by side

Valuation

Metric	ET	MPLX
P/E ratio	12.87	12.42
Forward P/E	12.26	13.50
P/S ratio	0.68	4.55
P/B ratio	2.23	4.18
EV / EBITDA	8.36	12.00
FCF yield	7.32%	5.69%

Profitability

Metric	ET	MPLX
Gross margin	24.11%	52.17%
Operating margin	10.60%	42.91%
Net margin	5.57%	36.75%
ROE	16.47%	33.77%
ROIC	8.16%	13.47%

Dividends

Metric	ET	MPLX
Dividend yield	6.49%	7.51%
Payout ratio	83.54%	92.60%

Growth (annualized)

Metric	ET	MPLX
Revenue CAGR (5Y)	14.94%	7.97%
FCF CAGR (5Y)	11.51%	4.20%
Total return CAGR (5Y)	25.58%	24.94%

Some values include inputs from SEC filing.

Frequently asked

Which has the lower trailing P/E, ET or MPLX?: MPLX has the lower trailing P/E: ET trades at 12.87 and MPLX at 12.42. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ET or MPLX?: Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus MPLX at 7.97%.
Does ET or MPLX pay a bigger dividend?: ET yields 6.49% and MPLX yields 7.51% based on trailing dividends and the latest price.
Is ET or MPLX more profitable?: MPLX runs the higher net margin — ET at 5.57% versus MPLX at 36.75%.
How have ET and MPLX total returns compared?: Over the past 10 years, ET delivered 11.08% and MPLX delivered 15.85% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full MPLX analysis Interactive comparison tool

Dig into the metrics

Energy Transfer LP P/E ratio MPLX Lp P/E ratio Energy Transfer LP dividend yield MPLX Lp dividend yield Energy Transfer LP ROE MPLX Lp ROE Energy Transfer LP operating margin MPLX Lp operating margin Energy Transfer LP revenue growth MPLX Lp revenue growth Energy Transfer LP free cash flow MPLX Lp free cash flow

Energy Transfer LP & MPLX Lp appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 6, 2026.