EPD vs ET vs FNV Stock Comparison

Enterprise Products Partners, Energy Transfer and Franco Nevada Prices as of Oct 27, 2026 Peers: Industry group
ET Energy Transfer LP
$20.45 +1.2% 1M +20.9% 1Y
Market cap
$70.79B
P/E
14.0x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
4 wins
FNV FRANCO NEVADA Corp
$236.42 -8.2% 1M +28.5% 1Y
Market cap
$45.29B
P/E
31.1x
Revenue (TTM)
$2.32B
Div. yield
0.01%
Alternative Asset Managers Financial Services
4 wins

Head to Head

12 decided of 12

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

QuestionEPDETFNVLeader
Larger companyMarket capitalisation $80.90B $70.79B $45.29B EPD
Cheaper on earningsLower P/E, profitable companies only 12.8x 14.0x 31.1x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x 11.4x 30.2x ET
Faster revenue growthRevenue growth, trailing twelve months +6.8% +33.3% +73.6% FNV
More profitableNet margin, trailing twelve months 10.8% 4.7% 62.8% FNV
Better return on capitalReturn on invested capital 12.2% 8.4% — EPD
Less leveragedLower net debt / EBITDA 3.2x 4.0x — EPD
Higher dividend yieldTrailing dividend yield 0.06% 0.07% 0.01% ET
Better 1-year returnPrice return, last 12 months +19.3% +20.9% +28.5% FNV
Better 5-year returnAnnualised price return, 5 years +10.0%/yr +16.1%/yr +10.3%/yr ET
Less volatileAnnualised volatility, 1 year 18.5% 17.4% 38.9% ET
Higher overall scoreMean of the five percentile scores vs peers 51/100 62/100 80/100 FNV

Percentile Scorecard

EPDETFNV

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

AxisEPDETFNV
Valuation 71 #11 of 35 94 #3 of 35 56 #81 of 181
Growth 24 #26 of 34 61 #14 of 34 91 #11 of 111
Profitability 49 #18 of 34 30 #24 of 34 98 #3 of 129
Financial Health 68 #12 of 35 59 #15 of 35 98 #5 of 164
Shareholder Returns 43 #18 of 31 67 #11 of 31 57 #33 of 75
Overall 51 62 80
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • ET ranked among 35 companies in Oil and Gas Midstream
  • FNV ranked among 209 companies in Asset and Wealth Management

Price Performance

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

Returns

PeriodEPDETFNVSPY
1 month +0.9%+1.2%-8.2% -0.2%
3 months -3.8%+1.2%+12.3% +3.9%
6 months -3.4%+5.4%+1.7% +8.2%
Year to date +16.0%+24.0%+14.1% +12.9%
1 year +19.3%+20.9%+28.5% +12.3%
3 years +37.3%+56.0%+72.0% +87.4%
3 years, per year +11.2%+16.0%+19.8% +23.3%
5 years +60.7%+111.3%+62.9% +67.9%
5 years, per year +10.0%+16.1%+10.3% +10.9%
10 years +42.6%+33.2%+272.2% +261.1%
10 years, per year +3.6%+2.9%+14.0% +13.7%

Risk

MeasureEPDETFNVSPY
Volatility, 1Y 18.5%17.4%38.9% 12.7%
Downside volatility, 1Y 18.0%16.6%42.2% 12.7%
Beta vs S&P 500, 1Y -0.32-0.211.26 1.00
Return / volatility, 1Y 1.041.200.73 0.97
Max drawdown, 5Y -19.5%-25.8%-38.2% -25.4%
From 52-week high -6.6%-5.9%-15.8% -1.2%
52-week high $39.80$21.74$280.82 $779.14
52-week low $30.22$16.21$183.97 $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.

MultipleEPDETFNV
P/E now vs peer median 12.8xmedian 20.9x 13.9xmedian 20.9x 31.3xmedian 34.2x
P/S now vs peer median 1.4xmedian 2.7x 0.7xmedian 2.7x 19.7xmedian 4.9x
EV/EBITDA now vs peer median 11.0xmedian 11.0x 8.2xmedian 11.0x 20.7xmedian 11.7x
P/FCF now vs peer median 23.2xmedian 16.5x 13.5xmedian 16.5x 25.8xmedian 13.2x
P/B now vs peer median 2.6xmedian 2.6x 1.4xmedian 2.6x 5.5xmedian 1.8x
PEG now vs peer median 2.40median 1.95 2.00median 1.95 1.05median 0.91

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 monthsEPDETFNV
Revenue $58.47B $107.38B $2.32B
Gross profit – $25.32B $1.79B
Operating income $7.85B $10.78B $1.82B
Net income $6.37B $7.04B $1.48B
Free cash flow $3.46B $5.22B $1.77B
EPS (diluted) $2.89 $1.46 $7.54
Cash & equivalents $246.00M $1.02B $1.01B
Total debt $33.23B $68.41B –
Shares (diluted) 2.19B 3.46B 193.00M
Enterprise value $79.28B $63.97B $42.66B

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
MetricEPDETFNV
P/E 12.8x 13.9x 31.3x
P/FCF 23.2x 13.5x 25.8x
P/Operating cash flow 9.1x 5.8x 25.6x
P/S 1.4x 0.7x 19.7x
P/B 2.6x 1.4x 5.5x
P/Tangible book 3.0x 1.6x 5.5x
EV/EBITDA 11.0x 8.2x 20.7x
EV/EBIT 14.4x 12.8x 24.5x
EV/Revenue 1.9x 1.3x 19.2x
EV/FCF 32.7x 26.4x 25.2x
EV/Operating cash flow 12.8x 11.4x 25.1x
PEG (3Y EPS CAGR) 2.40 2.00 1.05

Growth

14 metrics
MetricEPDETFNV
Revenue growth (1Y) 6.8% 33.3% 73.6%
Revenue CAGR (3Y) 3.8% 10.0% 23.5%
Gross profit growth (1Y) – 18.9% 88.6%
Gross profit CAGR (3Y) – 13.2% 32.0%
Operating income growth (1Y) 7.5% 16.5% 89.7%
Operating income CAGR (3Y) 5.0% 12.0% 34.4%
Net income growth (1Y) 7.5% 16.1% 88.3%
Net income CAGR (3Y) 4.7% 9.0% 30.6%
EPS growth (1Y) 7.7% 12.6% 87.7%
EPS CAGR (3Y) 5.3% 7.0% 29.9%
Operating cash flow growth (1Y) 0.6% 8.8% 53.7%
Operating cash flow CAGR (3Y) 6.9% 5.9% 20.0%
Free cash flow growth (1Y) -17.8% -8.5% 83.9%
Free cash flow CAGR (3Y) -9.0% -7.3% 19.8%

Profitability

14 metrics
MetricEPDETFNV
Gross margin – 23.6% 77.3%
EBITDA margin 17.6% 15.7% 93.0%
Operating margin 13.4% 10.0% 78.5%
Pretax margin 10.9% 7.1% 85.0%
Net margin 10.8% 4.7% 62.8%
FCF margin 5.9% 4.9% 76.4%
Operating cash flow margin 15.2% 11.3% 76.7%
Return on equity 20.7% 14.0% 18.1%
Return on assets 7.8% 4.8% 16.7%
Return on invested capital 12.2% 8.4% –
Return on capital employed 12.3% 8.4% 20.9%
Asset turnover 0.7x 0.7x 0.3x
Cash conversion (OCF / net income) 1.4x 1.7x 1.2x
Stock comp / revenue – 0.2% 0.2%

Financial Health

11 metrics
MetricEPDETFNV
Debt / assets 40.6% 46.2% –
Debt / equity 1.1x 1.4x –
Net debt / EBITDA 3.2x 4.0x –
Debt / FCF 9.6x 13.1x –
Liabilities / assets 62.0% 65.9% 7.6%
Equity / assets 38.0% 34.1% 92.4%
Interest coverage 5.2x 2.9x 1,070x
Current ratio 0.9x 1.2x 9.4x
Quick ratio 0.6x 0.9x 8.5x
Cash ratio 0.0x 0.1x 6.9x
Altman Z-score – – 41.55

Shareholder Returns

7 metrics
MetricEPDETFNV
Dividend yield 5.9% 6.6% 0.7%
Net buyback yield 0.5% – 0.0%
Shareholder yield 6.4% 6.6% 0.7%
Payout ratio (earnings) 74.4% 67.9% 18.0%
Payout ratio (FCF) 136.9% 91.6% 15.1%
Dividend growth (1Y) 3.1% 2.9% 12.4%
Dividend CAGR (3Y) 4.1% 8.0% 11.0%

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.

ConsensusEPDETFNV
Forward P/E 13.0xFY2026 11.4xFY2026 30.2xFY2026
EPS, next fiscal year $2.87FY2026 $1.80FY2026 $7.83FY2026
EPS growth, next FY +7.9%FY2026 +48.8%FY2026 +40.3%FY2026
EPS growth, the year after +17.1% -9.4% +8.8%
Revenue, next fiscal year $66.68BFY2026 $124.23BFY2026 $2.66BFY2026
Revenue growth, next FY +26.8%FY2026 +45.2%FY2026 +46.4%FY2026
Revenue growth, the year after +2.5% +1.4% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEPDETFNV
Held by institutions 24.8% 31.4% 71.6%
Institutions holding 1,581 1,280 661
Change in shares held, QoQ +0.8% +1.9% +0.4%
Institutions buying 670 628 335
Institutions selling 435 340 207
Buyers to sellers 1.54 1.85 1.62

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.

EPDETFNV
EPD 1.00 0.60 -0.01
ET 0.60 1.00 0.00
FNV -0.01 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EPD, ET and FNV?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Enterprise Products Partners (EPD) $80.90B, Energy Transfer (ET) $70.79B, Franco Nevada (FNV) $45.29B.

Which stock is cheaper, EPD, ET and FNV?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Enterprise Products Partners (EPD) 12.8x, Energy Transfer (ET) 14.0x, Franco Nevada (FNV) 31.1x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (Enterprise Products Partners (EPD) 13.0x, Energy Transfer (ET) 11.4x, Franco Nevada (FNV) 30.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Franco Nevada (FNV) grew revenue fastest over the trailing twelve months: Enterprise Products Partners (EPD) +6.8%, Energy Transfer (ET) +33.3%, Franco Nevada (FNV) +73.6%.

Which company is more profitable?

Franco Nevada (FNV) has the highest net margin (Enterprise Products Partners (EPD) 10.8%, Energy Transfer (ET) 4.7%, Franco Nevada (FNV) 62.8%). On return on invested capital, Enterprise Products Partners (EPD) leads (Enterprise Products Partners (EPD) 12.2%, Energy Transfer (ET) 8.4%).

Which stock has performed better?

Over the past year Franco Nevada (FNV) returned the most: Enterprise Products Partners (EPD) +19.3%, Energy Transfer (ET) +20.9%, Franco Nevada (FNV) +28.5%. Over five years, Energy Transfer (ET) compounded fastest (Enterprise Products Partners (EPD) +10.0%/yr, Energy Transfer (ET) +16.1%/yr, Franco Nevada (FNV) +10.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Energy Transfer (ET) has the highest dividend yield: Enterprise Products Partners (EPD) 0.06%, Energy Transfer (ET) 0.07%, Franco Nevada (FNV) 0.01%.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Enterprise Products Partners (EPD) 18.5%, Energy Transfer (ET) 17.4%, Franco Nevada (FNV) 38.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EPD, ET and FNV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 4. 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.