Is MPC or TRGP cheaper?

On trailing earnings, MPC is cheaper: MPC trades at a 16.13 P/E and TRGP at 26.94.

Which has grown faster, MPC or TRGP?

Over the past five years, MPC grew revenue faster — MPC at a 14.07% CAGR versus TRGP at 10.04%.

Does MPC or TRGP pay a bigger dividend?

MPC yields 1.58% and TRGP yields 1.61% based on trailing dividends and the latest price.

Is MPC or TRGP more profitable?

TRGP runs the higher net margin — MPC at 3.41% versus TRGP at 12.98%.

Which has been the better investment, MPC or TRGP?

Over the past 10-year, TRGP delivered the higher annualized total return — MPC at 25.28% versus TRGP at 25.65%. Past performance doesn't predict future results.

Marathon Petroleum Corporation (MPC) vs Targa Resources Corp. (TRGP)

MPC leads on 9 of 16 compared metrics.

A side-by-side comparison of Marathon Petroleum Corporation and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MPC

Marathon Petroleum Corporation

$72.19B

$247.29Energy

TRGP

Targa Resources Corp.

$56.78B

$264.51Energy

Total return — MPC vs TRGP

growth of $100 · last 15y

MPC +1168.2%TRGP +744.0%MPC compounded faster

MPC TRGP

MPC vs TRGP: by the numbers

•MPC is the larger company ($72.19B vs $56.78B market cap).
•MPC trades at the lower earnings multiple (16.13 vs 26.94 P/E).
•TRGP converts more revenue to profit (12.98% vs 3.41% net margin).
•MPC grew revenue faster over the past five years (14.07% vs 10.04% CAGR).
•TRGP pays the higher dividend yield (1.61% vs 1.58%).

Which is better, MPC or TRGP?

Metric tally: MPC 9 · TRGP 7

It depends on what you're optimizing for:

ValueMPC(lower P/E)

GrowthMPC(faster 5Y revenue CAGR)

QualityTRGP(higher ROIC)

Metrics side by side

Valuation

Metric	MPC	TRGP
P/E ratio	16.13●	26.94
Forward P/E	10.16●	21.54
P/S ratio	0.54●	3.47
P/B ratio	4.35●	18.13
PEG ratio	0.39●	0.45
EV / EBITDA	8.49●	15.26
FCF yield	7.82%●	0.46%

Profitability

Metric	MPC	TRGP
Gross margin	8.80%	29.88%●
Operating margin	5.02%	21.11%●
Net margin	3.41%	12.98%●
ROE	27.65%	67.76%●
ROIC	7.03%	12.07%●

Dividends

Metric	MPC	TRGP
Dividend yield	1.58%	1.61%
Payout ratio	29.46%	49.77%

Growth (annualized)

Metric	MPC	TRGP
Revenue CAGR (5Y)	14.07%●	10.04%
EPS CAGR (5Y)	22.12%	22.85%●
FCF CAGR (5Y)	30.60%●	-27.03%
Total return CAGR (5Y)	35.36%	45.22%●

Frequently asked

Which is better, MPC or TRGP?: It depends on your goal. value: MPC (lower P/E); growth: MPC (faster 5Y revenue CAGR); quality: TRGP (higher ROIC). Across all compared metrics, MPC leads 9 to 7.
Is MPC or TRGP cheaper?: On trailing earnings, MPC is cheaper: MPC trades at a 16.13 P/E and TRGP at 26.94.
Which has grown faster, MPC or TRGP?: Over the past five years, MPC grew revenue faster — MPC at a 14.07% CAGR versus TRGP at 10.04%.
Does MPC or TRGP pay a bigger dividend?: MPC yields 1.58% and TRGP yields 1.61% based on trailing dividends and the latest price.
Is MPC or TRGP more profitable?: TRGP runs the higher net margin — MPC at 3.41% versus TRGP at 12.98%.
Which has been the better investment, MPC or TRGP?: Over the past 10-year, TRGP delivered the higher annualized total return — MPC at 25.28% versus TRGP at 25.65%. Past performance doesn't predict future results.

Go deeper

Full MPC analysis Full TRGP analysis Interactive comparison tool

Dig into the metrics

Marathon Petroleum P/E ratio Targa Resources P/E ratio Marathon Petroleum dividend yield Targa Resources dividend yield Marathon Petroleum ROE Targa Resources ROE Marathon Petroleum operating margin Targa Resources operating margin Marathon Petroleum revenue growth Targa Resources revenue growth Marathon Petroleum free cash flow Targa Resources free cash flow

Marathon Petroleum & Targa Resources appear in these rankings

Highest ROE Stocks Highest FCF Yield Stocks Best 10-Year Total Return 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 June 23, 2026.