ENB vs EQNR vs NEE Stock Comparison

Enbridge, Equinor Asa and Nextera Energy Prices as of Oct 23, 2026 Peers: Industry group
ENB Enbridge Inc
$48.13 +0.6% 1M +2.0% 1Y
Market cap
$105.44B
P/E
25.6x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
2 wins
EQNR Equinor Asa
$48.81 +13.7% 1M +95.5% 1Y
Market cap
$124.80B
P/E
15.6x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
6 wins
NEE Nextera Energy Inc
$82.11 +6.6% 1M -1.4% 1Y
Market cap
$171.30B
P/E
14.7x
Revenue (TTM)
$28.83B
Div. yield
–
Regulated Electric Utilities Utilities
3 wins

Head to Head

11 decided of 12

Equinor Asa leads on 6 of the 12 questions below (Equinor Asa 6, Nextera Energy 3, Enbridge 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBEQNRNEELeader
Larger companyMarket capitalisation $105.44B $124.80B $171.30B NEE
Cheaper on earningsLower P/E, profitable companies only 25.6x 15.6x 14.7x NEE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.2x 9.1x 21.1x EQNR
Faster revenue growthRevenue growth, trailing twelve months +31.0% +5.8% +9.6% ENB
More profitableNet margin, trailing twelve months 6.8% 7.0% 40.4% NEE
Better return on capitalReturn on invested capital 5.0% 47.7% 4.7% EQNR
Less leveragedLower net debt / EBITDA 6.4x 0.0x 7.0x EQNR
Higher dividend yieldTrailing dividend yield 0.06% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.0% +95.5% -1.4% EQNR
Better 5-year returnAnnualised price return, 5 years +2.4%/yr +12.1%/yr -0.6%/yr EQNR
Less volatileAnnualised volatility, 1 year 18.6% 39.0% 21.2% ENB
Higher overall scoreMean of the five percentile scores vs peers 31/100 67/100 61/100 EQNR

Percentile Scorecard

ENBEQNRNEE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBEQNRNEE
Valuation 24 #27 of 35 81 #20 of 99 24 #51 of 67
Growth 39 #21 of 34 57 #42 of 97 94 #5 of 65
Profitability 24 #26 of 34 81 #19 of 96 89 #8 of 65
Financial Health 21 #28 of 35 56 #45 of 102 49 #34 of 66
Shareholder Returns 47 #17 of 31 59 #32 of 76 49 #35 of 67
Overall 31 67 61
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • NEE ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBEQNRNEESPY
1 month +0.6%+13.7%+6.6% -1.0%
3 months -15.3%+21.0%-8.6% +2.9%
6 months -9.7%+28.7%-13.8% +6.4%
Year to date +0.6%+106.6%+2.3% +11.4%
1 year +2.0%+95.5%-1.4% +13.1%
3 years +49.8%+47.8%+49.0% +79.4%
3 years, per year +14.4%+13.9%+14.2% +21.5%
5 years +12.5%+76.8%-2.7% +67.7%
5 years, per year +2.4%+12.1%-0.6% +10.9%
10 years +9.2%+195.5%+165.5% +255.2%
10 years, per year +0.9%+11.4%+10.3% +13.5%

Risk

MeasureENBEQNRNEESPY
Volatility, 1Y 18.6%39.0%21.2% 12.7%
Downside volatility, 1Y 19.5%38.6%22.3% 12.7%
Beta vs S&P 500, 1Y -0.16-1.090.12 1.00
Return / volatility, 1Y 0.112.45-0.06 1.03
Max drawdown, 5Y -34.0%-47.8%-47.2% -25.4%
From 52-week high -17.1%0.0%-16.1% -2.5%
52-week high $58.04$48.81$97.88 $779.14
52-week low $45.23$22.41$75.50 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBEQNRNEE
P/E now vs peer median 25.5xmedian 21.3x 15.8xmedian 13.1x 14.7xmedian 20.8x
P/S now vs peer median 1.7xmedian 2.7x 1.1xmedian 2.0x 6.0xmedian 2.8x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 2.8xmedian 5.7x 18.4xmedian 13.1x
P/FCF now vs peer median 87.1xmedian 16.4x 12.7xmedian 11.1x 36.8xmedian 36.7x
P/B now vs peer median 2.2xmedian 2.6x 2.8xmedian 1.5x 2.4xmedian 1.7x
PEG now vs peer median 2.50median 1.93 —median 2.24 1.05median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBEQNRNEE
Revenue $60.45B $114.42B $28.83B
Gross profit $22.34B – –
Operating income $8.06B $32.53B $8.66B
Net income $4.58B $9.05B $11.64B
Free cash flow $1.21B $9.58B $4.67B
R&D – $880.00M –
EPS (diluted) $1.88 $3.08 $5.55
Cash & equivalents $1.42B $8.06B $5.58B
Total debt $78.92B $105.13B $413.84B
Shares (diluted) 2.19B 2.60B 2.10B
Enterprise value $101.04B $39.26B $158.05B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBEQNRNEE
P/E 25.5x 15.8x 14.7x
P/FCF 87.1x 12.7x 36.8x
P/Operating cash flow 11.7x 5.3x 11.6x
P/S 1.7x 1.1x 6.0x
P/B 2.2x 2.8x 2.4x
P/Tangible book 2.3x 2.8x 2.4x
EV/EBITDA 15.0x 2.8x 18.4x
EV/EBIT 22.7x 3.8x 32.0x
EV/Revenue 3.0x 1.1x 9.6x
EV/FCF 151.3x 12.8x 59.2x
EV/Operating cash flow 20.3x 5.3x 18.7x
PEG (3Y EPS CAGR) 2.50 – 1.05

Growth

14 metrics
MetricENBEQNRNEE
Revenue growth (1Y) 31.0% 5.8% 9.6%
Revenue CAGR (3Y) 19.5% – 1.7%
Gross profit growth (1Y) 8.0% – –
Gross profit CAGR (3Y) 5.1% – –
Operating income growth (1Y) 6.2% 7.6% 13.4%
Operating income CAGR (3Y) 19.8% – -3.5%
Net income growth (1Y) -6.9% 10.0% 79.0%
Net income CAGR (3Y) 13.7% – 15.1%
EPS growth (1Y) -7.5% 24.1% 76.7%
EPS CAGR (3Y) 10.2% – 14.0%
Operating cash flow growth (1Y) -2.9% 15.5% 23.8%
Operating cash flow CAGR (3Y) -2.6% – 16.3%
Free cash flow growth (1Y) -67.2% 39.6% 30.9%
Free cash flow CAGR (3Y) -42.0% – 124.1%

Profitability

14 metrics
MetricENBEQNRNEE
Gross margin 36.9% – –
EBITDA margin 20.2% 38.9% 52.2%
Operating margin 13.3% 28.4% 30.0%
Pretax margin 9.6% 29.0% 35.0%
Net margin 6.8% 7.0% 40.4%
FCF margin 2.0% 8.4% 16.2%
Operating cash flow margin 14.9% 20.2% 51.4%
Return on equity 9.5% 20.9% 13.9%
Return on assets 2.8% 658.7% 4.1%
Return on invested capital 5.0% 47.7% 4.7%
Return on capital employed 5.5% – 4.2%
Asset turnover 0.4x 83.3x 0.1x
Cash conversion (OCF / net income) 2.0x 2.6x 1.3x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricENBEQNRNEE
Debt / assets 48.4% 1,784% 45.0%
Debt / equity 1.6x 0.6x 1.5x
Net debt / EBITDA 6.4x 0.0x 7.0x
Debt / FCF 65.4x 2.5x 23.6x
Liabilities / assets 70.6% -3,046% 70.3%
Equity / assets 29.4% 3,146% 29.7%
Interest coverage 2.2x – 2,164x
Current ratio 0.7x 1.2x 0.5x
Quick ratio 0.5x 0.9x 0.3x
Cash ratio 0.1x 0.6x 0.2x
Altman Z-score 0.92 – 0.99

Shareholder Returns

7 metrics
MetricENBEQNRNEE
Dividend yield 8.0% 3.1% 3.0%
Net buyback yield 0.0% – -0.6%
Shareholder yield 8.0% 3.1% 2.4%
Payout ratio (earnings) 132.1% – –
Payout ratio (FCF) 500.8% – –
Dividend growth (1Y) 4.2% – –
Dividend CAGR (3Y) 4.6% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBEQNRNEE
Forward P/E 24.2xFY2026 9.1xFY2026 21.1xFY2026
EPS, next fiscal year $1.99FY2026 $5.34FY2026 $3.89FY2026
EPS growth, next FY -9.5%FY2026 +116.2%FY2026 +4.9%FY2026
EPS growth, the year after +15.1% -17.6% +18.3%
Revenue, next fiscal year $61.02BFY2026 $120.34BFY2026 $32.29BFY2026
Revenue growth, next FY +28.6%FY2026 +13.7%FY2026 +17.8%FY2026
Revenue growth, the year after -14.7% -2.1% +9.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBEQNRNEE
Held by institutions 48.7% 6.6% 84.3%
Institutions holding 1,501 409 3,019
Change in shares held, QoQ +2.0% +1.8% +2.3%
Institutions buying 660 230 1,588
Institutions selling 503 115 1,054
Buyers to sellers 1.31 2.00 1.51

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBEQNRNEE
ENB 1.00 0.34 0.42
EQNR 0.34 1.00 0.08
NEE 0.42 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, EQNR and NEE?

Nextera Energy (NEE) is the largest by market capitalisation: Enbridge (ENB) $105.44B, Equinor Asa (EQNR) $124.80B, Nextera Energy (NEE) $171.30B.

Which stock is cheaper, ENB, EQNR and NEE?

Nextera Energy (NEE) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.6x, Equinor Asa (EQNR) 15.6x, Nextera Energy (NEE) 14.7x). On next year's consensus earnings, Equinor Asa (EQNR) is cheapest (Enbridge (ENB) 24.2x, Equinor Asa (EQNR) 9.1x, Nextera Energy (NEE) 21.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Equinor Asa (EQNR) +5.8%, Nextera Energy (NEE) +9.6%.

Which company is more profitable?

Nextera Energy (NEE) has the highest net margin (Enbridge (ENB) 6.8%, Equinor Asa (EQNR) 7.0%, Nextera Energy (NEE) 40.4%). On return on invested capital, Equinor Asa (EQNR) leads (Enbridge (ENB) 5.0%, Equinor Asa (EQNR) 47.7%, Nextera Energy (NEE) 4.7%).

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: Enbridge (ENB) +2.0%, Equinor Asa (EQNR) +95.5%, Nextera Energy (NEE) -1.4%. Over five years, Equinor Asa (EQNR) compounded fastest (Enbridge (ENB) +2.4%/yr, Equinor Asa (EQNR) +12.1%/yr, Nextera Energy (NEE) -0.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Enbridge (ENB) 0.06%, Equinor Asa (EQNR) 0.00%, Nextera Energy (NEE) 0.00%. Equinor Asa (EQNR) and Nextera Energy (NEE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.6%, Equinor Asa (EQNR) 39.0%, Nextera Energy (NEE) 21.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, EQNR and NEE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equinor Asa (EQNR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.