ENB vs MPC vs TRGP Stock Comparison

Enbridge, Marathon Petroleum and Targa Resources 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
3 wins
MPC Marathon Petroleum Corp
$457.20 +17.7% 1M +133.3% 1Y
Market cap
$135.82B
P/E
15.9x
Revenue (TTM)
$156.18B
Div. yield
0.01%
Oil Refining Energy
8 wins
TRGP Targa Resources Corp.
$302.41 +6.9% 1M +92.9% 1Y
Market cap
$65.33B
P/E
28.8x
Revenue (TTM)
$16.74B
Div. yield
–
Oil and Gas Pipelines Energy
1 win

Head to Head

12 decided of 12

Marathon Petroleum leads on 8 of the 12 questions below (Marathon Petroleum 8, Enbridge 3, Targa Resources 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBMPCTRGPLeader
Larger companyMarket capitalisation $105.44B $135.82B $65.33B MPC
Cheaper on earningsLower P/E, profitable companies only 25.6x 15.9x 28.8x MPC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.2x 6.8x 28.6x MPC
Faster revenue growthRevenue growth, trailing twelve months +31.0% +15.9% -2.0% ENB
More profitableNet margin, trailing twelve months 6.8% 5.5% 13.5% TRGP
Better return on capitalReturn on invested capital 5.0% 19.7% 13.2% MPC
Less leveragedLower net debt / EBITDA 6.4x 1.5x 3.5x MPC
Higher dividend yieldTrailing dividend yield 0.06% 0.01% 0.00% ENB
Better 1-year returnPrice return, last 12 months +2.0% +133.3% +92.9% MPC
Better 5-year returnAnnualised price return, 5 years +2.4%/yr +46.6%/yr +40.0%/yr MPC
Less volatileAnnualised volatility, 1 year 18.6% 35.9% 28.5% ENB
Higher overall scoreMean of the five percentile scores vs peers 31/100 63/100 41/100 MPC

Percentile Scorecard

ENBMPCTRGP

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

AxisENBMPCTRGP
Valuation 24 #27 of 35 27 #17 of 23 15 #30 of 35
Growth 39 #21 of 34 72 #6 of 19 79 #8 of 34
Profitability 24 #26 of 34 94 #2 of 19 70 #11 of 34
Financial Health 21 #28 of 35 54 #12 of 25 27 #26 of 35
Shareholder Returns 47 #17 of 31 65 #7 of 18 17 #26 of 31
Overall 31 63 41
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • MPC ranked among 25 companies in Refining and Marketing
  • TRGP ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodENBMPCTRGPSPY
1 month +0.6%+17.7%+6.9% -1.0%
3 months -15.3%+47.8%+7.4% +2.9%
6 months -9.7%+104.0%+25.6% +6.4%
Year to date +0.6%+181.1%+63.9% +11.4%
1 year +2.0%+133.3%+92.9% +13.1%
3 years +49.8%+207.6%+253.7% +79.4%
3 years, per year +14.4%+45.5%+52.4% +21.5%
5 years +12.5%+577.1%+438.0% +67.7%
5 years, per year +2.4%+46.6%+40.0% +10.9%
10 years +9.2%+937.0%+522.4% +255.2%
10 years, per year +0.9%+26.4%+20.1% +13.5%

Risk

MeasureENBMPCTRGPSPY
Volatility, 1Y 18.6%35.9%28.5% 12.7%
Downside volatility, 1Y 19.5%34.7%26.3% 12.7%
Beta vs S&P 500, 1Y -0.16-0.25-0.35 1.00
Return / volatility, 1Y 0.113.713.25 1.03
Max drawdown, 5Y -34.0%-45.9%-32.6% -25.4%
From 52-week high -17.1%-5.7%0.0% -2.5%
52-week high $58.04$485.05$302.41 $779.14
52-week low $45.23$162.63$151.38 $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.

MultipleENBMPCTRGP
P/E now vs peer median 25.5xmedian 21.3x 15.4xmedian 10.4x 28.6xmedian 21.3x
P/S now vs peer median 1.7xmedian 2.7x 0.8xmedian 0.3x 3.9xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 8.8xmedian 7.1x 15.3xmedian 11.0x
P/FCF now vs peer median 87.1xmedian 16.4x 10.0xmedian 9.4x 87.5xmedian 16.4x
P/B now vs peer median 2.2xmedian 2.6x 5.0xmedian 1.9x 17.1xmedian 2.6x
PEG now vs peer median 2.50median 1.93 -15.03median 0.30 0.69median 1.93

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 monthsENBMPCTRGP
Revenue $60.45B $156.18B $16.74B
Gross profit $22.34B $21.79B $7.23B
Operating income $8.06B $14.13B $3.84B
Net income $4.58B $10.31B $2.30B
Free cash flow $1.21B $12.90B $740.90M
EPS (diluted) $1.88 $29.50 $10.54
Cash & equivalents $1.42B $7.77B $132.30M
Total debt $78.92B $33.26B $73.57B
Shares (diluted) 2.19B 290.00M 215.20M
Enterprise value $101.04B $119.57B $64.80B

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
MetricENBMPCTRGP
P/E 25.5x 15.4x 28.6x
P/FCF 87.1x 10.0x 87.5x
P/Operating cash flow 11.7x 7.5x 15.1x
P/S 1.7x 0.8x 3.9x
P/B 2.2x 5.0x 17.1x
P/Tangible book 2.3x 5.6x 38.4x
EV/EBITDA 15.0x 8.8x 15.3x
EV/EBIT 22.7x 10.9x 22.0x
EV/Revenue 3.0x 1.0x 5.0x
EV/FCF 151.3x 11.9x 113.8x
EV/Operating cash flow 20.3x 9.0x 19.7x
PEG (3Y EPS CAGR) 2.50 -15.03 0.69

Growth

14 metrics
MetricENBMPCTRGP
Revenue growth (1Y) 31.0% 15.9% -2.0%
Revenue CAGR (3Y) 19.5% -0.6% -2.1%
Gross profit growth (1Y) 8.0% 71.5% 18.6%
Gross profit CAGR (3Y) 5.1% -5.4% 12.2%
Operating income growth (1Y) 6.2% 163.0% 27.6%
Operating income CAGR (3Y) 19.8% -9.1% 15.8%
Net income growth (1Y) -6.9% 174.5% 29.5%
Net income CAGR (3Y) 13.7% -10.4% 12.5%
EPS growth (1Y) -7.5% 324.1% 49.2%
EPS CAGR (3Y) 10.2% -1.0% 41.3%
Operating cash flow growth (1Y) -2.9% 164.9% 16.4%
Operating cash flow CAGR (3Y) -2.6% 4.8% 14.6%
Free cash flow growth (1Y) -67.2% 253.7% 73.3%
Free cash flow CAGR (3Y) -42.0% 1.0% -4.7%

Profitability

14 metrics
MetricENBMPCTRGP
Gross margin 36.9% 14.0% 43.2%
EBITDA margin 20.2% 11.2% 32.9%
Operating margin 13.3% 9.0% 22.9%
Pretax margin 9.6% 8.2% 17.5%
Net margin 6.8% 5.5% 13.5%
FCF margin 2.0% 8.3% 4.4%
Operating cash flow margin 14.9% 11.0% 25.6%
Return on equity 9.5% 42.0% 65.2%
Return on assets 2.8% 11.3% 8.3%
Return on invested capital 5.0% 19.7% 13.2%
Return on capital employed 5.5% 22.1% 15.7%
Asset turnover 0.4x 1.7x 0.6x
Cash conversion (OCF / net income) 2.0x 1.7x 1.9x
Stock comp / revenue – – 0.5%

Financial Health

11 metrics
MetricENBMPCTRGP
Debt / assets 48.4% 35.3% 68.7%
Debt / equity 1.6x 1.3x 5.2x
Net debt / EBITDA 6.4x 1.5x 3.5x
Debt / FCF 65.4x 2.6x 26.4x
Liabilities / assets 70.6% 72.7% 86.7%
Equity / assets 29.4% 27.3% 13.3%
Interest coverage 2.2x 10.4x –
Current ratio 0.7x 1.3x 0.8x
Quick ratio 0.5x 0.9x 0.6x
Cash ratio 0.1x 0.3x 0.0x
Altman Z-score 0.92 4.03 2.72

Shareholder Returns

7 metrics
MetricENBMPCTRGP
Dividend yield 8.0% 0.9% 1.5%
Net buyback yield 0.0% 3.8% 0.5%
Shareholder yield 8.0% 4.7% 2.0%
Payout ratio (earnings) 132.1% 11.3% –
Payout ratio (FCF) 500.8% 9.0% –
Dividend growth (1Y) 4.2% 2.8% –
Dividend CAGR (3Y) 4.6% -3.4% –

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.

ConsensusENBMPCTRGP
Forward P/E 24.2xFY2026 6.8xFY2026 28.6xFY2026
EPS, next fiscal year $1.99FY2026 $67.07FY2026 $10.59FY2026
EPS growth, next FY -9.5%FY2026 +526.8%FY2026 +24.0%FY2026
EPS growth, the year after +15.1% -15.5% +24.7%
Revenue, next fiscal year $61.02BFY2026 $192.62BFY2026 $19.49BFY2026
Revenue growth, next FY +28.6%FY2026 +42.4%FY2026 +14.4%FY2026
Revenue growth, the year after -14.7% -10.3% +14.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBMPCTRGP
Held by institutions 48.7% 75.7% 93.5%
Institutions holding 1,501 1,930 1,085
Change in shares held, QoQ +2.0% -0.3% +2.9%
Institutions buying 660 855 558
Institutions selling 503 699 353
Buyers to sellers 1.31 1.22 1.58

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.

ENBMPCTRGP
ENB 1.00 0.22 0.51
MPC 0.22 1.00 0.43
TRGP 0.51 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, MPC and TRGP?

Marathon Petroleum (MPC) is the largest by market capitalisation: Enbridge (ENB) $105.44B, Marathon Petroleum (MPC) $135.82B, Targa Resources (TRGP) $65.33B.

Which stock is cheaper, ENB, MPC and TRGP?

Marathon Petroleum (MPC) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.6x, Marathon Petroleum (MPC) 15.9x, Targa Resources (TRGP) 28.8x). On next year's consensus earnings, Marathon Petroleum (MPC) is cheapest (Enbridge (ENB) 24.2x, Marathon Petroleum (MPC) 6.8x, Targa Resources (TRGP) 28.6x). 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%, Marathon Petroleum (MPC) +15.9%, Targa Resources (TRGP) -2.0%.

Which company is more profitable?

Targa Resources (TRGP) has the highest net margin (Enbridge (ENB) 6.8%, Marathon Petroleum (MPC) 5.5%, Targa Resources (TRGP) 13.5%). On return on invested capital, Marathon Petroleum (MPC) leads (Enbridge (ENB) 5.0%, Marathon Petroleum (MPC) 19.7%, Targa Resources (TRGP) 13.2%).

Which stock has performed better?

Over the past year Marathon Petroleum (MPC) returned the most: Enbridge (ENB) +2.0%, Marathon Petroleum (MPC) +133.3%, Targa Resources (TRGP) +92.9%. Over five years, Marathon Petroleum (MPC) compounded fastest (Enbridge (ENB) +2.4%/yr, Marathon Petroleum (MPC) +46.6%/yr, Targa Resources (TRGP) +40.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enbridge (ENB) has the highest dividend yield: Enbridge (ENB) 0.06%, Marathon Petroleum (MPC) 0.01%, Targa Resources (TRGP) 0.00%. Targa Resources (TRGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.6%, Marathon Petroleum (MPC) 35.9%, Targa Resources (TRGP) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, MPC and TRGP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Marathon Petroleum (MPC) leads on 8. 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.