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

MPLX has the lower trailing P/E: MPLX trades at 12.80 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, MPLX or TRP?

Over the past five years, MPLX grew revenue faster — MPLX at a 7.97% CAGR versus TRP at 2.32%.

Does MPLX or TRP pay a bigger dividend?

MPLX yields 7.24% and TRP yields 3.99% based on trailing dividends and the latest price.

Is MPLX or TRP more profitable?

MPLX runs the higher net margin — MPLX at 36.75% versus TRP at 22.46%.

How have MPLX and TRP total returns compared?

Over the past 10 years, MPLX delivered 15.84% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

MPLX Lp (MPLX) vs TC Energy Corporation (TRP)

A side-by-side comparison of MPLX 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.

MPLX

MPLX Lp

$60.12B

$59.25EnergyDelayed 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 — MPLX vs TRP

growth of $100 · dividends reinvested · last 10y

MPLX +334.3% (+15.8%/yr)TRP +163.1% (+10.2%/yr)MPLX compounded faster over this window

MPLX TRP

MPLX vs TRP: by the numbers

•TRP is the larger company ($64.40B vs $60.12B market cap).
•MPLX trades at the lower trailing earnings multiple (12.80 vs 25.90 P/E), one valuation lens rather than an overall verdict.
•MPLX converts more revenue to profit (36.75% vs 22.46% net margin).
•MPLX grew revenue faster over the past five years (7.97% vs 2.32% CAGR).
•MPLX pays the higher dividend yield (7.24% vs 3.99%).

Metrics side by side

Valuation

Metric	MPLX	TRP
P/E ratio	12.80	25.90
Forward P/E	13.83	16.15
P/S ratio	4.69	5.63
P/B ratio	4.31	3.31
EV / EBITDA	12.26	14.68
FCF yield	7.34%	4.02%

Profitability

Metric	MPLX	TRP
Gross margin	52.17%	51.47%
Operating margin	42.91%	46.09%
Net margin	36.75%	22.46%
ROE	33.77%	13.19%
ROIC	13.47%	5.18%

Dividends

Metric	MPLX	TRP
Dividend yield	7.24%	3.99%
Payout ratio	89.34%	104.06%

Growth (annualized)

Metric	MPLX	TRP
Revenue CAGR (5Y)	7.97%	2.32%
EPS CAGR (5Y)	29.32%	-8.54%
FCF CAGR (5Y)	1.14%	69.19%
Total return CAGR (5Y)	26.62%	14.41%

Frequently asked

Which has the lower trailing P/E, MPLX or TRP?: MPLX has the lower trailing P/E: MPLX trades at 12.80 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, MPLX or TRP?: Over the past five years, MPLX grew revenue faster — MPLX at a 7.97% CAGR versus TRP at 2.32%.
Does MPLX or TRP pay a bigger dividend?: MPLX yields 7.24% and TRP yields 3.99% based on trailing dividends and the latest price.
Is MPLX or TRP more profitable?: MPLX runs the higher net margin — MPLX at 36.75% versus TRP at 22.46%.
How have MPLX and TRP total returns compared?: Over the past 10 years, MPLX delivered 15.84% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MPLX analysis Full TRP analysis Interactive comparison tool

Dig into the metrics

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

MPLX Lp & TC Energy 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 August 28, 2026.