ENB vs MPC vs TRP Stock Comparison

Enbridge, Marathon Petroleum and Tc Energy Prices as of Oct 26, 2026 Peers: Industry group
ENB Enbridge Inc
$48.26 +3.3% 1M +2.9% 1Y
Market cap
$105.30B
P/E
25.5x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
3 wins
MPC Marathon Petroleum Corp
$470.49 +19.6% 1M +139.8% 1Y
Market cap
$128.10B
P/E
15.0x
Revenue (TTM)
$156.18B
Div. yield
0.01%
Oil Refining Energy
6 wins
TRP Tc Energy Corp
$62.47 +6.3% 1M +23.9% 1Y
Market cap
$65.02B
P/E
26.4x
Revenue (TTM)
$11.24B
Div. yield
-0.04%
Oil and Gas Pipelines Energy
3 wins

Head to Head

12 decided of 12

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

QuestionENBMPCTRPLeader
Larger companyMarket capitalisation $105.30B $128.10B $65.02B MPC
Cheaper on earningsLower P/E, profitable companies only 25.5x 15.0x 26.4x MPC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.0x 6.9x 24.6x MPC
Faster revenue growthRevenue growth, trailing twelve months +31.0% +15.9% -1.0% ENB
More profitableNet margin, trailing twelve months 6.8% 5.5% 21.9% TRP
Better return on capitalReturn on invested capital 5.0% 19.7% 12.4% MPC
Less leveragedLower net debt / EBITDA 6.4x 1.5x 1.2x TRP
Higher dividend yieldTrailing dividend yield 0.06% 0.01% -0.04% ENB
Better 1-year returnPrice return, last 12 months +2.9% +139.8% +23.9% MPC
Better 5-year returnAnnualised price return, 5 years +2.7%/yr +48.1%/yr +2.8%/yr MPC
Less volatileAnnualised volatility, 1 year 18.6% 36.1% 19.7% ENB
Higher overall scoreMean of the five percentile scores vs peers 31/100 60/100 67/100 TRP

Percentile Scorecard

ENBMPCTRP

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

AxisENBMPCTRP
Valuation 24 #27 of 35 27 #17 of 23 71 #11 of 35
Growth 39 #21 of 34 67 #7 of 19 33 #23 of 34
Profitability 24 #26 of 34 94 #2 of 18 97 #2 of 34
Financial Health 21 #28 of 35 57 #11 of 24 91 #4 of 35
Shareholder Returns 47 #17 of 31 53 #9 of 18 43 #18 of 31
Overall 31 60 67
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • MPC ranked among 25 companies in Refining and Marketing
  • TRP 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

PeriodENBMPCTRPSPY
1 month +3.3%+19.6%+6.3% -0.8%
3 months -12.8%+50.6%-8.6% +3.5%
6 months -8.0%+107.1%+0.9% +7.0%
Year to date +0.9%+189.3%+13.6% +12.2%
1 year +2.9%+139.8%+23.9% +13.0%
3 years +53.7%+222.3%+84.7% +86.3%
3 years, per year +15.4%+47.7%+22.7% +23.1%
5 years +14.5%+611.2%+14.7% +68.6%
5 years, per year +2.7%+48.1%+2.8% +11.0%
10 years +10.7%+963.0%+36.1% +258.0%
10 years, per year +1.0%+26.7%+3.1% +13.6%

Risk

MeasureENBMPCTRPSPY
Volatility, 1Y 18.6%36.1%19.7% 12.7%
Downside volatility, 1Y 19.5%34.7%18.6% 12.7%
Beta vs S&P 500, 1Y -0.16-0.24-0.06 1.00
Return / volatility, 1Y 0.153.871.21 1.02
Max drawdown, 5Y -34.0%-45.9%-44.3% -25.4%
From 52-week high -16.9%-3.0%-11.9% -1.8%
52-week high $58.04$485.05$70.91 $779.14
52-week low $45.23$162.63$49.79 $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.

MultipleENBMPCTRP
P/E now vs peer median 25.6xmedian 21.0x 15.9xmedian 9.5x 26.4xmedian 21.0x
P/S now vs peer median 1.7xmedian 2.7x 0.8xmedian 0.3x 5.8xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 9.0xmedian 7.3x 8.5xmedian 11.0x
P/FCF now vs peer median 87.3xmedian 16.6x 10.2xmedian 9.5x 6.7xmedian 16.6x
P/B now vs peer median 2.2xmedian 2.6x 5.1xmedian 1.9x 3.3xmedian 2.6x
PEG now vs peer median 2.51median 1.92 -15.47median 0.35 0.56median 1.92

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 monthsENBMPCTRP
Revenue $60.45B $156.18B $11.24B
Gross profit $22.34B $21.79B $11.08B
Operating income $8.06B $14.13B $6.82B
Net income $4.58B $10.31B $2.94B
Free cash flow $1.21B $12.90B $9.65B
EPS (diluted) $1.88 $29.50 $2.37
Cash & equivalents $1.42B $7.77B $1.46B
Total debt $78.92B $33.26B $11.91B
Shares (diluted) 2.19B 290.00M 1.04B
Enterprise value $100.90B $111.85B $61.10B

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
MetricENBMPCTRP
P/E 25.6x 15.9x 26.4x
P/FCF 87.3x 10.2x 6.7x
P/Operating cash flow 11.7x 7.7x 10.5x
P/S 1.7x 0.8x 5.8x
P/B 2.2x 5.1x 3.3x
P/Tangible book 2.3x 5.7x 3.3x
EV/EBITDA 15.0x 9.0x 8.5x
EV/EBIT 22.7x 11.2x 11.1x
EV/Revenue 3.0x 1.0x 6.7x
EV/FCF 151.6x 12.2x 7.8x
EV/Operating cash flow 20.3x 9.2x 12.2x
PEG (3Y EPS CAGR) 2.51 -15.47 0.56

Growth

14 metrics
MetricENBMPCTRP
Revenue growth (1Y) 31.0% 15.9% -1.0%
Revenue CAGR (3Y) 19.5% -0.6% –
Gross profit growth (1Y) 8.0% 71.5% -1.1%
Gross profit CAGR (3Y) 5.1% -5.4% –
Operating income growth (1Y) 6.2% 163.0% -10.0%
Operating income CAGR (3Y) 19.8% -9.1% –
Net income growth (1Y) -6.9% 174.5% -17.9%
Net income CAGR (3Y) 13.7% -10.4% 52.5%
EPS growth (1Y) -7.5% 324.1% -19.4%
EPS CAGR (3Y) 10.2% -1.0% 47.4%
Operating cash flow growth (1Y) -2.9% 164.9% 14.6%
Operating cash flow CAGR (3Y) -2.6% 4.8% 4.4%
Free cash flow growth (1Y) -67.2% 253.7% -1.1%
Free cash flow CAGR (3Y) -42.0% 1.0% -5.1%

Profitability

14 metrics
MetricENBMPCTRP
Gross margin 36.9% 14.0% 98.5%
EBITDA margin 20.2% 11.2% 78.8%
Operating margin 13.3% 9.0% 60.7%
Pretax margin 9.6% 8.2% 34.9%
Net margin 6.8% 5.5% 21.9%
FCF margin 2.0% 8.3% 85.9%
Operating cash flow margin 14.9% 11.0% 55.2%
Return on equity 9.5% 42.0% 12.6%
Return on assets 2.8% 11.3% –
Return on invested capital 5.0% 19.7% 12.4%
Return on capital employed 5.5% 22.1% –
Asset turnover 0.4x 1.7x –
Cash conversion (OCF / net income) 2.0x 1.7x 2.1x
Stock comp / revenue – – 0.0%

Financial Health

11 metrics
MetricENBMPCTRP
Debt / assets 48.4% 35.3% –
Debt / equity 1.6x 1.3x 0.6x
Net debt / EBITDA 6.4x 1.5x 1.2x
Debt / FCF 65.4x 2.6x 1.2x
Liabilities / assets 70.6% 72.7% –
Equity / assets 29.4% 27.3% –
Interest coverage 2.2x 10.4x 2.8x
Current ratio 0.7x 1.3x –
Quick ratio 0.5x 0.9x –
Cash ratio 0.1x 0.3x –
Altman Z-score 0.93 4.06 –

Shareholder Returns

7 metrics
MetricENBMPCTRP
Dividend yield 8.0% 0.9% 5.6%
Net buyback yield 0.0% 3.7% -0.1%
Shareholder yield 8.0% 4.6% 5.5%
Payout ratio (earnings) 132.1% 11.3% 87.7%
Payout ratio (FCF) 500.8% 9.0% 26.7%
Dividend growth (1Y) 4.2% 2.8% 3.8%
Dividend CAGR (3Y) 4.6% -3.4% -8.5%

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.

ConsensusENBMPCTRP
Forward P/E 24.0xFY2026 6.9xFY2026 24.6xFY2026
EPS, next fiscal year $2.01FY2026 $68.44FY2026 $2.54FY2026
EPS growth, next FY -8.6%FY2026 +539.6%FY2026 -0.8%FY2026
EPS growth, the year after +13.9% -13.2% +15.0%
Revenue, next fiscal year $61.75BFY2026 $192.95BFY2026 $10.85BFY2026
Revenue growth, next FY +30.1%FY2026 +42.7%FY2026 -2.2%FY2026
Revenue growth, the year after -14.7% -9.3% +4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBMPCTRP
Held by institutions 48.7% 75.7% 65.7%
Institutions holding 1,501 1,930 696
Change in shares held, QoQ +2.0% -0.3% -5.0%
Institutions buying 660 855 328
Institutions selling 503 699 216
Buyers to sellers 1.31 1.22 1.52

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.

ENBMPCTRP
ENB 1.00 0.22 0.82
MPC 0.22 1.00 0.21
TRP 0.82 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, MPC and TRP?

Marathon Petroleum (MPC) is the largest by market capitalisation: Enbridge (ENB) $105.30B, Marathon Petroleum (MPC) $128.10B, Tc Energy (TRP) $65.02B.

Which stock is cheaper, ENB, MPC and TRP?

Marathon Petroleum (MPC) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.5x, Marathon Petroleum (MPC) 15.0x, Tc Energy (TRP) 26.4x). On next year's consensus earnings, Marathon Petroleum (MPC) is cheapest (Enbridge (ENB) 24.0x, Marathon Petroleum (MPC) 6.9x, Tc Energy (TRP) 24.6x). 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%, Tc Energy (TRP) -1.0%.

Which company is more profitable?

Tc Energy (TRP) has the highest net margin (Enbridge (ENB) 6.8%, Marathon Petroleum (MPC) 5.5%, Tc Energy (TRP) 21.9%). On return on invested capital, Marathon Petroleum (MPC) leads (Enbridge (ENB) 5.0%, Marathon Petroleum (MPC) 19.7%, Tc Energy (TRP) 12.4%).

Which stock has performed better?

Over the past year Marathon Petroleum (MPC) returned the most: Enbridge (ENB) +2.9%, Marathon Petroleum (MPC) +139.8%, Tc Energy (TRP) +23.9%. Over five years, Marathon Petroleum (MPC) compounded fastest (Enbridge (ENB) +2.7%/yr, Marathon Petroleum (MPC) +48.1%/yr, Tc Energy (TRP) +2.8%/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%, Tc Energy (TRP) -0.04%. Tc Energy (TRP) 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) 36.1%, Tc Energy (TRP) 19.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.