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

ET has the lower trailing P/E: ET trades at 13.28 and TRP at 25.90. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ET or TRP?

Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus TRP at 2.32%.

Does ET or TRP pay a bigger dividend?

ET yields 6.29% and TRP yields 3.99% based on trailing dividends and the latest price.

Is ET or TRP more profitable?

TRP runs the higher net margin — ET at 5.57% versus TRP at 22.46%.

How have ET and TRP total returns compared?

Over the past 10 years, ET delivered 10.41% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs TC Energy Corporation (TRP)

A side-by-side comparison of Energy Transfer LP and TC Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 28, 2026. Differences are shown without an overall score or investment verdict.

Energy Transfer LP

$73.33B

$21.31EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT

TRP

TC Energy Corporation

$64.40B

$61.86EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT

Total return — ET vs TRP

growth of $100 · dividends reinvested · last 10y

ET +174.9% (+10.6%/yr)TRP +163.1% (+10.2%/yr)ET compounded faster over this window

ET TRP

ET vs TRP: by the numbers

•ET is the larger company ($73.33B vs $64.40B market cap).
•ET trades at the lower trailing earnings multiple (13.28 vs 25.90 P/E), one valuation lens rather than an overall verdict.
•TRP converts more revenue to profit (22.46% vs 5.57% net margin).
•ET grew revenue faster over the past five years (14.94% vs 2.32% CAGR).
•ET pays the higher dividend yield (6.29% vs 3.99%).

Metrics side by side

Valuation

Metric	ET	TRP
P/E ratio	13.28	25.90
Forward P/E	12.75	16.15
P/S ratio	0.71	5.63
P/B ratio	2.10	3.31
EV / EBITDA	8.53	14.68
FCF yield	7.05%	4.02%

Profitability

Metric	ET	TRP
Gross margin	24.11%	51.47%
Operating margin	10.60%	46.09%
Net margin	5.57%	22.46%
ROE	16.47%	13.19%
ROIC	8.16%	5.18%

Dividends

Metric	ET	TRP
Dividend yield	6.29%	3.99%
Payout ratio	98.90%	104.06%

Growth (annualized)

Metric	ET	TRP
Revenue CAGR (5Y)	14.94%	2.32%
EPS CAGR (5Y)	0.25%	-8.54%
FCF CAGR (5Y)	11.51%	69.19%
Total return CAGR (5Y)	27.34%	14.41%

Frequently asked

Which has the lower trailing P/E, ET or TRP?: ET has the lower trailing P/E: ET trades at 13.28 and TRP at 25.90. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ET or TRP?: Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus TRP at 2.32%.
Does ET or TRP pay a bigger dividend?: ET yields 6.29% and TRP yields 3.99% based on trailing dividends and the latest price.
Is ET or TRP more profitable?: TRP runs the higher net margin — ET at 5.57% versus TRP at 22.46%.
How have ET and TRP total returns compared?: Over the past 10 years, ET delivered 10.41% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full TRP analysis Interactive comparison tool

Dig into the metrics

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

Energy Transfer LP & TC Energy appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield 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 28, 2026.