ENB vs NGL Stock Comparison

Enbridge and NGL Energy Partners Prices as of Oct 26, 2026 Peers: Industry group
ENB Enbridge Inc
$48.26 +3.3% 1M +2.9% 1Y
Market cap
$105.74B
P/E
25.6x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
6 wins
NGL NGL Energy Partners LP
$15.95 +5.5% 1M +152.8% 1Y
Market cap
$2.03B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins

Head to Head

10 decided of 12

Enbridge leads on 6 of the 12 questions below (Enbridge 6, NGL Energy Partners 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBNGLLeader
Larger companyMarket capitalisation $105.74B $2.03B ENB
Cheaper on earningsLower P/E, profitable companies only 25.6x -5.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.0x 12.3x NGL
Faster revenue growthRevenue growth, trailing twelve months +31.0% +5.8% ENB
More profitableNet margin, trailing twelve months 6.8% -9.9% ENB
Better return on capitalReturn on invested capital 5.0% 4.8% ENB
Less leveragedLower net debt / EBITDA 6.4x 8.0x ENB
Higher dividend yieldTrailing dividend yield 0.06% 0.00% –
Better 1-year returnPrice return, last 12 months +2.9% +152.8% NGL
Better 5-year returnAnnualised price return, 5 years +2.7%/yr +46.6%/yr NGL
Less volatileAnnualised volatility, 1 year 18.6% 51.5% ENB
Higher overall scoreMean of the five percentile scores vs peers 31/100 36/100 NGL

Percentile Scorecard

ENBNGL

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

AxisENBNGL
Valuation 24 #27 of 35 53 #17 of 35
Growth 39 #21 of 34 6 #32 of 34
Profitability 24 #26 of 34 12 #30 of 34
Financial Health 21 #28 of 35 9 #32 of 35
Shareholder Returns 47 #17 of 31 100 #1 of 31
Overall 31 36
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • NGL 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

PeriodENBNGLSPY
1 month +3.3%+5.5% -0.8%
3 months -12.8%+6.2% +3.5%
6 months -8.0%+10.2% +7.0%
Year to date +0.9%+59.5% +12.2%
1 year +2.9%+152.8% +13.0%
3 years +53.7%+285.3% +86.3%
3 years, per year +15.4%+56.8% +23.1%
5 years +14.5%+575.8% +68.6%
5 years, per year +2.7%+46.6% +11.0%
10 years +10.7%-16.3% +258.0%
10 years, per year +1.0%-1.8% +13.6%

Risk

MeasureENBNGLSPY
Volatility, 1Y 18.6%51.5% 12.7%
Downside volatility, 1Y 19.5%43.1% 12.7%
Beta vs S&P 500, 1Y -0.160.36 1.00
Return / volatility, 1Y 0.152.97 1.02
Max drawdown, 5Y -34.0%-61.5% -25.4%
From 52-week high -16.9%-16.0% -1.8%
52-week high $58.04$18.98 $779.14
52-week low $45.23$6.35 $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.

MultipleENBNGL
P/E now vs peer median 25.6xmedian 21.0x -5.7xmedian 21.0x
P/S now vs peer median 1.7xmedian 2.7x 0.6xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 12.9xmedian 11.0x
P/FCF now vs peer median 87.3xmedian 16.6x 19.5xmedian 16.6x
P/B now vs peer median 2.2xmedian 2.6x -8.4xmedian 2.6x
PEG now vs peer median 2.51median 1.92 0.09median 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 monthsENBNGL
Revenue $60.45B $3.52B
Gross profit $22.34B $1.04B
Operating income $8.06B $142.60M
Net income $4.58B -$131.86M
Free cash flow $1.21B $101.88M
EPS (diluted) $1.88 $-2.73
Cash & equivalents $1.42B $5.07M
Total debt $78.92B $3.28B
Shares (diluted) 2.19B 128.09M
Enterprise value $101.34B $2.00B

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
MetricENBNGL
P/E 25.6x -5.7x
P/FCF 87.3x 19.5x
P/Operating cash flow 11.7x 4.9x
P/S 1.7x 0.6x
P/B 2.2x -8.4x
P/Tangible book 2.3x -1.9x
EV/EBITDA 15.0x 12.9x
EV/EBIT 22.7x 36.9x
EV/Revenue 3.0x 1.5x
EV/FCF 151.6x 51.6x
EV/Operating cash flow 20.3x 12.8x
PEG (3Y EPS CAGR) 2.51 0.09

Growth

14 metrics
MetricENBNGL
Revenue growth (1Y) 31.0% 5.8%
Revenue CAGR (3Y) 19.5% -4.9%
Gross profit growth (1Y) 8.0% 6.0%
Gross profit CAGR (3Y) 5.1% 2.3%
Operating income growth (1Y) 6.2% -58.6%
Operating income CAGR (3Y) 19.8% -14.6%
Net income growth (1Y) -6.9% -228.9%
Net income CAGR (3Y) 13.7% -67.4%
EPS growth (1Y) -7.5% -560.3%
EPS CAGR (3Y) 10.2% -63.2%
Operating cash flow growth (1Y) -2.9% 8.1%
Operating cash flow CAGR (3Y) -2.6% -6.3%
Free cash flow growth (1Y) -67.2% -39.9%
Free cash flow CAGR (3Y) -42.0% -34.1%

Profitability

14 metrics
MetricENBNGL
Gross margin 36.9% 29.5%
EBITDA margin 20.2% 11.6%
Operating margin 13.3% 4.0%
Pretax margin 9.6% -3.7%
Net margin 6.8% -9.9%
FCF margin 2.0% 2.9%
Operating cash flow margin 14.9% 11.6%
Return on equity 9.5% –
Return on assets 2.8% -3.1%
Return on invested capital 5.0% 4.8%
Return on capital employed 5.5% 4.0%
Asset turnover 0.4x 0.8x
Cash conversion (OCF / net income) 2.0x -3.1x
Stock comp / revenue – 0.1%

Financial Health

11 metrics
MetricENBNGL
Debt / assets 48.4% 78.4%
Debt / equity 1.6x -13.8x
Net debt / EBITDA 6.4x 8.0x
Debt / FCF 65.4x 32.2x
Liabilities / assets 70.6% 105.7%
Equity / assets 29.4% -5.7%
Interest coverage 2.2x 0.6x
Current ratio 0.7x 1.1x
Quick ratio 0.5x 1.0x
Cash ratio 0.1x 0.0x
Altman Z-score 0.93 –

Shareholder Returns

7 metrics
MetricENBNGL
Dividend yield 8.0% –
Net buyback yield 0.0% 18.2%
Shareholder yield 8.0% 18.2%
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.

ConsensusENBNGL
Forward P/E 24.0xFY2026 12.3xFY2026
EPS, next fiscal year $2.01FY2026 $1.30FY2026
EPS growth, next FY -8.6%FY2026 –
EPS growth, the year after +13.9% +31.5%
Revenue, next fiscal year $61.75BFY2026 $3.82BFY2026
Revenue growth, next FY +30.1%FY2026 +21.0%FY2026
Revenue growth, the year after -14.7% -6.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBNGL
Held by institutions 48.7% 60.3%
Institutions holding 1,501 88
Change in shares held, QoQ +2.0% +3.5%
Institutions buying 660 25
Institutions selling 503 29
Buyers to sellers 1.31 0.86

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.

ENBNGL
ENB 1.00 0.10
NGL 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB and NGL?

Enbridge (ENB) is the largest by market capitalisation: Enbridge (ENB) $105.74B, NGL Energy Partners (NGL) $2.03B.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, NGL Energy Partners (NGL) +5.8%.

Which company is more profitable?

Enbridge (ENB) has the highest net margin (Enbridge (ENB) 6.8%, NGL Energy Partners (NGL) -9.9%). On return on invested capital, Enbridge (ENB) leads (Enbridge (ENB) 5.0%, NGL Energy Partners (NGL) 4.8%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: Enbridge (ENB) +2.9%, NGL Energy Partners (NGL) +152.8%. Over five years, NGL Energy Partners (NGL) compounded fastest (Enbridge (ENB) +2.7%/yr, NGL Energy Partners (NGL) +46.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Enbridge (ENB) 0.06%, NGL Energy Partners (NGL) 0.00%. NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.6%, NGL Energy Partners (NGL) 51.5%). Volatility measures how widely the price swings, not the risk of the business.

Do ENB and NGL move together?

Their daily returns over the past year have a correlation of 0.10, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, ENB and NGL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enbridge (ENB) 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.