EPD vs TRP vs WMB Stock Comparison

Enterprise Products Partners, Tc Energy and Williams Companies Prices as of Oct 26, 2026 Peers: Industry group
TRP Tc Energy Corp
$62.47 +6.3% 1M +23.9% 1Y
Market cap
$65.37B
P/E
26.6x
Revenue (TTM)
$11.24B
Div. yield
-0.04%
Oil and Gas Pipelines Energy
2 wins
WMB Williams Companies, Inc.
$71.78 +3.6% 1M +24.9% 1Y
Market cap
$90.68B
P/E
26.8x
Revenue (TTM)
$12.20B
Div. yield
–
Oil and Gas Pipelines Energy
6 wins

Head to Head

11 decided of 12

Williams Companies leads on 6 of the 12 questions below (Williams Companies 6, Enterprise Products Partners 3, Tc Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEPDTRPWMBLeader
Larger companyMarket capitalisation $80.37B $65.37B $90.68B WMB
Cheaper on earningsLower P/E, profitable companies only 12.7x 26.6x 26.8x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 24.6x 27.9x EPD
Faster revenue growthRevenue growth, trailing twelve months +6.8% -1.0% +8.7% WMB
More profitableNet margin, trailing twelve months 10.8% 21.9% 27.7% WMB
Better return on capitalReturn on invested capital 12.2% 12.4% — TRP
Less leveragedLower net debt / EBITDA 3.2x 1.2x 0.9x WMB
Higher dividend yieldTrailing dividend yield 0.06% -0.04% 0.00% –
Better 1-year returnPrice return, last 12 months +19.3% +23.9% +24.9% WMB
Better 5-year returnAnnualised price return, 5 years +9.2%/yr +2.8%/yr +20.5%/yr WMB
Less volatileAnnualised volatility, 1 year 18.5% 19.7% 24.9% EPD
Higher overall scoreMean of the five percentile scores vs peers 53/100 67/100 39/100 TRP

Percentile Scorecard

EPDTRPWMB

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

AxisEPDTRPWMB
Valuation 77 #9 of 35 71 #11 of 35 3 #34 of 35
Growth 24 #26 of 34 33 #23 of 34 42 #20 of 34
Profitability 49 #18 of 34 97 #2 of 34 76 #9 of 34
Financial Health 68 #12 of 35 91 #4 of 35 56 #16 of 35
Shareholder Returns 50 #16 of 31 43 #18 of 31 20 #25 of 31
Overall 53 67 39
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • TRP ranked among 35 companies in Oil and Gas Midstream
  • WMB 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

PeriodEPDTRPWMBSPY
1 month +0.3%+6.3%+3.6% -0.8%
3 months -3.0%-8.6%+1.4% +3.5%
6 months -3.2%+0.9%+0.2% +7.0%
Year to date +15.3%+13.6%+19.4% +12.2%
1 year +19.3%+23.9%+24.9% +13.0%
3 years +36.6%+84.7%+110.8% +86.3%
3 years, per year +11.0%+22.7%+28.2% +23.1%
5 years +54.9%+14.7%+153.6% +68.6%
5 years, per year +9.2%+2.8%+20.5% +11.0%
10 years +37.6%+36.1%+142.8% +258.0%
10 years, per year +3.2%+3.1%+9.3% +13.6%

Risk

MeasureEPDTRPWMBSPY
Volatility, 1Y 18.5%19.7%24.9% 12.7%
Downside volatility, 1Y 18.0%18.6%24.8% 12.7%
Beta vs S&P 500, 1Y -0.32-0.060.03 1.00
Return / volatility, 1Y 1.041.211.00 1.02
Max drawdown, 5Y -19.5%-44.3%-25.2% -25.4%
From 52-week high -7.1%-11.9%-9.6% -1.8%
52-week high $39.80$70.91$79.40 $779.14
52-week low $30.22$49.79$56.51 $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.

MultipleEPDTRPWMB
P/E now vs peer median 12.7xmedian 21.0x 26.4xmedian 21.0x 26.0xmedian 21.0x
P/S now vs peer median 1.4xmedian 2.7x 5.8xmedian 2.7x 7.2xmedian 2.7x
EV/EBITDA now vs peer median 11.0xmedian 11.0x 8.5xmedian 11.0x 13.5xmedian 11.0x
P/FCF now vs peer median 23.1xmedian 16.6x 6.7xmedian 16.6x -813.0xmedian 16.6x
P/B now vs peer median 2.6xmedian 2.6x 3.3xmedian 2.6x 6.7xmedian 2.6x
PEG now vs peer median 2.38median 1.92 0.56median 1.92 3.15median 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 monthsEPDTRPWMB
Revenue $58.47B $11.24B $12.20B
Gross profit – $11.08B $10.12B
Operating income $7.85B $6.82B $4.66B
Net income $6.37B $2.94B $3.24B
Free cash flow $3.46B $9.65B -$108.00M
EPS (diluted) $2.89 $2.37 $2.76
Cash & equivalents $246.00M $1.46B $203.00M
Total debt $33.23B $11.91B $6.64B
Shares (diluted) 2.19B 1.04B 1.23B
Enterprise value $78.75B $61.46B $89.39B

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
MetricEPDTRPWMB
P/E 12.7x 26.4x 26.0x
P/FCF 23.1x 6.7x -813.0x
P/Operating cash flow 9.0x 10.5x 14.6x
P/S 1.4x 5.8x 7.2x
P/B 2.6x 3.3x 6.7x
P/Tangible book 3.0x 3.3x 6.7x
EV/EBITDA 11.0x 8.5x 13.5x
EV/EBIT 14.4x 11.1x 20.2x
EV/Revenue 1.9x 6.7x 7.7x
EV/FCF 32.6x 7.8x -872.5x
EV/Operating cash flow 12.7x 12.2x 15.7x
PEG (3Y EPS CAGR) 2.38 0.56 3.15

Growth

14 metrics
MetricEPDTRPWMB
Revenue growth (1Y) 6.8% -1.0% 8.7%
Revenue CAGR (3Y) 3.8% – 2.0%
Gross profit growth (1Y) – -1.1% 12.4%
Gross profit CAGR (3Y) – – 5.1%
Operating income growth (1Y) 7.5% -10.0% 27.0%
Operating income CAGR (3Y) 5.0% – 4.2%
Net income growth (1Y) 7.5% -17.9% 26.2%
Net income CAGR (3Y) 4.7% 52.5% 5.4%
EPS growth (1Y) 7.7% -19.4% 39.2%
EPS CAGR (3Y) 5.3% 47.4% 8.2%
Operating cash flow growth (1Y) 0.6% 14.6% 12.2%
Operating cash flow CAGR (3Y) 6.9% 4.4% 2.3%
Free cash flow growth (1Y) -17.8% -1.1% -105.7%
Free cash flow CAGR (3Y) -9.0% -5.1% -26.8%

Profitability

14 metrics
MetricEPDTRPWMB
Gross margin – 98.5% 82.9%
EBITDA margin 17.6% 78.8% 57.3%
Operating margin 13.4% 60.7% 38.2%
Pretax margin 10.9% 34.9% 34.7%
Net margin 10.8% 21.9% 27.7%
FCF margin 5.9% 85.9% -0.9%
Operating cash flow margin 15.2% 55.2% 49.1%
Return on equity 20.7% 12.6% 24.7%
Return on assets 7.8% – 5.8%
Return on invested capital 12.2% 12.4% –
Return on capital employed 12.3% – 8.7%
Asset turnover 0.7x – 0.2x
Cash conversion (OCF / net income) 1.4x 2.1x 1.8x
Stock comp / revenue – 0.0% –

Financial Health

11 metrics
MetricEPDTRPWMB
Debt / assets 40.6% – 11.0%
Debt / equity 1.1x 0.6x 0.5x
Net debt / EBITDA 3.2x 1.2x 0.9x
Debt / FCF 9.6x 1.2x -61.5x
Liabilities / assets 62.0% – 78.2%
Equity / assets 38.0% – 21.8%
Interest coverage 5.2x 2.8x 3.1x
Current ratio 0.9x – 0.5x
Quick ratio 0.6x – 0.3x
Cash ratio 0.0x – 0.0x
Altman Z-score – – 1.22

Shareholder Returns

7 metrics
MetricEPDTRPWMB
Dividend yield 6.0% 5.6% 2.9%
Net buyback yield 0.5% -0.1% –
Shareholder yield 6.5% 5.5% 2.9%
Payout ratio (earnings) 74.4% 87.7% –
Payout ratio (FCF) 136.9% 26.7% –
Dividend growth (1Y) 3.1% 3.8% –
Dividend CAGR (3Y) 4.1% -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.

ConsensusEPDTRPWMB
Forward P/E 12.9xFY2026 24.6xFY2026 27.9xFY2026
EPS, next fiscal year $2.87FY2026 $2.54FY2026 $2.57FY2026
EPS growth, next FY +7.9%FY2026 -0.8%FY2026 +22.4%FY2026
EPS growth, the year after +17.1% +15.0% -2.7%
Revenue, next fiscal year $66.68BFY2026 $10.85BFY2026 $12.71BFY2026
Revenue growth, next FY +26.8%FY2026 -2.2%FY2026 +6.4%FY2026
Revenue growth, the year after +2.5% +4.3% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEPDTRPWMB
Held by institutions 24.8% 65.7% 89.4%
Institutions holding 1,580 696 1,832
Change in shares held, QoQ +0.8% -5.0% +4.2%
Institutions buying 670 328 886
Institutions selling 435 216 657
Buyers to sellers 1.54 1.52 1.35

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.

EPDTRPWMB
EPD 1.00 0.48 0.46
TRP 0.48 1.00 0.62
WMB 0.46 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EPD, TRP and WMB?

Williams Companies (WMB) is the largest by market capitalisation: Enterprise Products Partners (EPD) $80.37B, Tc Energy (TRP) $65.37B, Williams Companies (WMB) $90.68B.

Which stock is cheaper, EPD, TRP and WMB?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Enterprise Products Partners (EPD) 12.7x, Tc Energy (TRP) 26.6x, Williams Companies (WMB) 26.8x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Enterprise Products Partners (EPD) 12.9x, Tc Energy (TRP) 24.6x, Williams Companies (WMB) 27.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Williams Companies (WMB) grew revenue fastest over the trailing twelve months: Enterprise Products Partners (EPD) +6.8%, Tc Energy (TRP) -1.0%, Williams Companies (WMB) +8.7%.

Which company is more profitable?

Williams Companies (WMB) has the highest net margin (Enterprise Products Partners (EPD) 10.8%, Tc Energy (TRP) 21.9%, Williams Companies (WMB) 27.7%). On return on invested capital, Tc Energy (TRP) leads (Enterprise Products Partners (EPD) 12.2%, Tc Energy (TRP) 12.4%).

Which stock has performed better?

Over the past year Williams Companies (WMB) returned the most: Enterprise Products Partners (EPD) +19.3%, Tc Energy (TRP) +23.9%, Williams Companies (WMB) +24.9%. Over five years, Williams Companies (WMB) compounded fastest (Enterprise Products Partners (EPD) +9.2%/yr, Tc Energy (TRP) +2.8%/yr, Williams Companies (WMB) +20.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Enterprise Products Partners (EPD) 0.06%, Tc Energy (TRP) -0.04%, Williams Companies (WMB) 0.00%. Tc Energy (TRP) and Williams Companies (WMB) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Enterprise Products Partners (EPD) 18.5%, Tc Energy (TRP) 19.7%, Williams Companies (WMB) 24.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EPD, TRP and WMB?

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