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

PSX has the lower trailing P/E: ET trades at 12.43 and PSX at 11.62. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ET or PSX?

Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus PSX at 13.56%.

Does ET or PSX pay a bigger dividend?

ET yields 6.63% and PSX yields 2.42% based on trailing dividends and the latest price.

Is ET or PSX more profitable?

ET runs the higher net margin — ET at 5.99% versus PSX at 4.62%.

How have ET and PSX total returns compared?

Over the past 10 years, ET delivered 10.81% and PSX delivered 14.25% annualized total return. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs Phillips 66 (PSX)

A side-by-side comparison of Energy Transfer LP and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 9, 2026. Differences are shown without an overall score or investment verdict.

Energy Transfer LP

$69.27B

$20.13EnergyAt close: Aug 7, 2026, 4:00 PM ET

PSX

Phillips 66

$81.75B

$203.91EnergyAt close: Aug 7, 2026, 4:00 PM ET

Total return — ET vs PSX

growth of $100 · dividends reinvested · last 14y

ET +472.6%PSX +863.0%PSX compounded faster

ET PSX

ET vs PSX: by the numbers

•PSX is the larger company ($81.75B vs $69.27B market cap).
•PSX trades at the lower trailing earnings multiple (11.62 vs 12.43 P/E), one valuation lens rather than an overall verdict.
•ET converts more revenue to profit (5.99% vs 4.62% net margin).
•ET grew revenue faster over the past five years (14.94% vs 13.56% CAGR).
•ET pays the higher dividend yield (6.63% vs 2.42%).

Metrics side by side

Valuation

Metric	ET	PSX
P/E ratio	12.43	11.62
Forward P/E	12.88	9.06
P/S ratio	0.67	0.53
P/B ratio	1.38	2.61
PEG ratio	2.23	0.10
EV / EBITDA	9.18	7.55
FCF yield	5.25%	9.38%

Profitability

Metric	ET	PSX
Gross margin	24.11%	9.78%
Operating margin	10.60%	6.67%
Net margin	5.99%	4.62%
ROE	12.39%	22.51%
ROIC	7.17%	4.75%

Dividends

Metric	ET	PSX
Dividend yield	6.63%	2.42%
Payout ratio	98.16%	45.57%

Growth (annualized)

Metric	ET	PSX
Revenue CAGR (5Y)	14.94%	13.56%
EPS CAGR (5Y)	0.25%	8.08%
FCF CAGR (5Y)	11.51%	41.15%
Total return CAGR (5Y)	26.39%	27.22%

Frequently asked

Which has the lower trailing P/E, ET or PSX?: PSX has the lower trailing P/E: ET trades at 12.43 and PSX at 11.62. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ET or PSX?: Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus PSX at 13.56%.
Does ET or PSX pay a bigger dividend?: ET yields 6.63% and PSX yields 2.42% based on trailing dividends and the latest price.
Is ET or PSX more profitable?: ET runs the higher net margin — ET at 5.99% versus PSX at 4.62%.
How have ET and PSX total returns compared?: Over the past 10 years, ET delivered 10.81% and PSX delivered 14.25% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full PSX analysis Interactive comparison tool

Dig into the metrics

Energy Transfer LP P/E ratio Phillips 66 P/E ratio Energy Transfer LP dividend yield Phillips 66 dividend yield Energy Transfer LP ROE Phillips 66 ROE Energy Transfer LP operating margin Phillips 66 operating margin Energy Transfer LP revenue growth Phillips 66 revenue growth Energy Transfer LP free cash flow Phillips 66 free cash flow

Energy Transfer LP & Phillips 66 appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio 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 August 9, 2026.