ET vs MPC vs MPLX Stock Comparison

Energy Transfer, Marathon Petroleum and Mplx Prices as of Oct 26, 2026 Peers: Industry group
ET Energy Transfer LP
$20.61 +2.0% 1M +23.2% 1Y
Market cap
$70.87B
P/E
14.0x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
2 wins
MPC Marathon Petroleum Corp
$470.49 +19.6% 1M +139.8% 1Y
Market cap
$130.54B
P/E
15.3x
Revenue (TTM)
$156.18B
Div. yield
0.01%
Oil Refining Energy
6 wins
MPLX Mplx Lp
$58.65 +3.3% 1M +16.3% 1Y
Market cap
$59.13B
P/E
12.5x
Revenue (TTM)
$13.22B
Div. yield
0.07%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Marathon Petroleum leads on 6 of the 12 questions below (Marathon Petroleum 6, Mplx 4, Energy Transfer 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionETMPCMPLXLeader
Larger companyMarket capitalisation $70.87B $130.54B $59.13B MPC
Cheaper on earningsLower P/E, profitable companies only 14.0x 15.3x 12.5x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.5x 6.9x 14.3x MPC
Faster revenue growthRevenue growth, trailing twelve months +33.3% +15.9% +8.7% ET
More profitableNet margin, trailing twelve months 4.7% 5.5% 35.8% MPLX
Better return on capitalReturn on invested capital 8.4% 19.7% 14.6% MPC
Less leveragedLower net debt / EBITDA 4.0x 1.5x 3.4x MPC
Higher dividend yieldTrailing dividend yield 0.07% 0.01% 0.07% MPLX
Better 1-year returnPrice return, last 12 months +23.2% +139.8% +16.3% MPC
Better 5-year returnAnnualised price return, 5 years +16.2%/yr +48.1%/yr +13.7%/yr MPC
Less volatileAnnualised volatility, 1 year 17.5% 36.1% 17.1% MPLX
Higher overall scoreMean of the five percentile scores vs peers 63/100 60/100 58/100 ET

Percentile Scorecard

ETMPCMPLX

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

AxisETMPCMPLX
Valuation 94 #3 of 35 27 #17 of 23 38 #22 of 35
Growth 61 #14 of 34 67 #7 of 19 27 #25 of 34
Profitability 30 #24 of 34 94 #2 of 18 94 #3 of 34
Financial Health 59 #15 of 35 57 #11 of 24 62 #14 of 35
Shareholder Returns 70 #10 of 31 53 #9 of 18 67 #11 of 31
Overall 63 60 58
  • ET ranked among 35 companies in Oil and Gas Midstream
  • MPC ranked among 25 companies in Refining and Marketing
  • MPLX 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

PeriodETMPCMPLXSPY
1 month +2.0%+19.6%+3.3% -0.8%
3 months +3.5%+50.6%+0.5% +3.5%
6 months +8.2%+107.1%+7.4% +7.0%
Year to date +25.0%+189.3%+9.9% +12.2%
1 year +23.2%+139.8%+16.3% +13.0%
3 years +57.2%+222.3%+64.3% +86.3%
3 years, per year +16.3%+47.7%+18.0% +23.1%
5 years +111.8%+611.2%+89.9% +68.6%
5 years, per year +16.2%+48.1%+13.7% +11.0%
10 years +30.9%+963.0%+83.7% +258.0%
10 years, per year +2.7%+26.7%+6.3% +13.6%

Risk

MeasureETMPCMPLXSPY
Volatility, 1Y 17.5%36.1%17.1% 12.7%
Downside volatility, 1Y 16.6%34.7%17.9% 12.7%
Beta vs S&P 500, 1Y -0.21-0.24-0.04 1.00
Return / volatility, 1Y 1.333.870.95 1.02
Max drawdown, 5Y -25.8%-45.9%-20.1% -25.4%
From 52-week high -5.2%-3.0%-2.9% -1.8%
52-week high $21.74$485.05$60.43 $779.14
52-week low $16.21$162.63$50.29 $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.

MultipleETMPCMPLX
P/E now vs peer median 14.1xmedian 21.0x 15.9xmedian 9.5x 12.6xmedian 21.0x
P/S now vs peer median 0.7xmedian 2.7x 0.8xmedian 0.3x 4.5xmedian 2.7x
EV/EBITDA now vs peer median 8.2xmedian 11.0x 9.0xmedian 7.3x 11.5xmedian 11.0x
P/FCF now vs peer median 13.6xmedian 16.6x 10.2xmedian 9.5x 17.8xmedian 16.6x
P/B now vs peer median 1.4xmedian 2.6x 5.1xmedian 1.9x 4.2xmedian 2.6x
PEG now vs peer median 2.01median 1.92 -15.47median 0.35 2.42median 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 monthsETMPCMPLX
Revenue $107.38B $156.18B $13.22B
Gross profit $25.32B $21.79B $11.61B
Operating income $10.78B $14.13B $5.88B
Net income $7.04B $10.31B $4.77B
Free cash flow $5.22B $12.90B $3.34B
EPS (diluted) $1.46 $29.50 $4.66
Cash & equivalents $1.02B $7.77B $1.03B
Total debt $68.41B $33.26B $26.01B
Shares (diluted) 3.46B 290.00M 1.02B
Enterprise value $64.06B $114.30B $52.69B

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
MetricETMPCMPLX
P/E 14.1x 15.9x 12.6x
P/FCF 13.6x 10.2x 17.8x
P/Operating cash flow 5.9x 7.7x 10.0x
P/S 0.7x 0.8x 4.5x
P/B 1.4x 5.1x 4.2x
P/Tangible book 1.6x 5.7x 4.6x
EV/EBITDA 8.2x 9.0x 11.5x
EV/EBIT 12.8x 11.2x 14.4x
EV/Revenue 1.3x 1.0x 6.4x
EV/FCF 26.5x 12.2x 25.3x
EV/Operating cash flow 11.4x 9.2x 14.1x
PEG (3Y EPS CAGR) 2.01 -15.47 2.42

Growth

14 metrics
MetricETMPCMPLX
Revenue growth (1Y) 33.3% 15.9% 8.7%
Revenue CAGR (3Y) 10.0% -0.6% 4.9%
Gross profit growth (1Y) 18.9% 71.5% 9.5%
Gross profit CAGR (3Y) 13.2% -5.4% 2.5%
Operating income growth (1Y) 16.5% 163.0% 11.4%
Operating income CAGR (3Y) 12.0% -9.1% 4.8%
Net income growth (1Y) 16.1% 174.5% 9.6%
Net income CAGR (3Y) 9.0% -10.4% 4.7%
EPS growth (1Y) 12.6% 324.1% 10.6%
EPS CAGR (3Y) 7.0% -1.0% 5.2%
Operating cash flow growth (1Y) 8.8% 164.9% -1.6%
Operating cash flow CAGR (3Y) 5.9% 4.8% 5.6%
Free cash flow growth (1Y) -8.5% 253.7% -32.1%
Free cash flow CAGR (3Y) -7.3% 1.0% -6.8%

Profitability

14 metrics
MetricETMPCMPLX
Gross margin 23.6% 14.0% 87.8%
EBITDA margin 15.7% 11.2% 55.4%
Operating margin 10.0% 9.0% 44.4%
Pretax margin 7.1% 8.2% 36.1%
Net margin 4.7% 5.5% 35.8%
FCF margin 4.9% 8.3% 25.2%
Operating cash flow margin 11.3% 11.0% 45.2%
Return on equity 14.0% 42.0% 33.4%
Return on assets 4.8% 11.3% 11.1%
Return on invested capital 8.4% 19.7% 14.6%
Return on capital employed 8.4% 22.1% 14.8%
Asset turnover 0.7x 1.7x 0.3x
Cash conversion (OCF / net income) 1.7x 1.7x 1.3x
Stock comp / revenue 0.2% – –

Financial Health

11 metrics
MetricETMPCMPLX
Debt / assets 46.2% 35.3% 60.5%
Debt / equity 1.4x 1.3x 1.8x
Net debt / EBITDA 4.0x 1.5x 3.4x
Debt / FCF 13.1x 2.6x 7.8x
Liabilities / assets 65.9% 72.7% 66.8%
Equity / assets 34.1% 27.3% 33.2%
Interest coverage 2.9x 10.4x 5.3x
Current ratio 1.2x 1.3x 0.9x
Quick ratio 0.9x 0.9x 0.8x
Cash ratio 0.1x 0.3x 0.3x
Altman Z-score – 4.06 –

Shareholder Returns

7 metrics
MetricETMPCMPLX
Dividend yield 6.5% 0.9% 7.4%
Net buyback yield – 3.7% 0.5%
Shareholder yield 6.5% 4.6% 7.9%
Payout ratio (earnings) 67.9% 11.3% 89.3%
Payout ratio (FCF) 91.6% 9.0% 127.5%
Dividend growth (1Y) 2.9% 2.8% 12.3%
Dividend CAGR (3Y) 8.0% -3.4% 11.8%

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.

ConsensusETMPCMPLX
Forward P/E 11.5xFY2026 6.9xFY2026 14.3xFY2026
EPS, next fiscal year $1.80FY2026 $68.22FY2026 $4.10FY2026
EPS growth, next FY +48.8%FY2026 +537.6%FY2026 -14.9%FY2026
EPS growth, the year after -9.4% -13.2% +13.7%
Revenue, next fiscal year $124.23BFY2026 $192.78BFY2026 $13.68BFY2026
Revenue growth, next FY +45.2%FY2026 +42.6%FY2026 +5.2%FY2026
Revenue growth, the year after +1.4% -9.8% -4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersETMPCMPLX
Held by institutions 31.4% 75.7% 18.8%
Institutions holding 1,279 1,930 625
Change in shares held, QoQ +1.9% -0.3% -3.3%
Institutions buying 628 855 301
Institutions selling 340 699 144
Buyers to sellers 1.85 1.22 2.09

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.

ETMPCMPLX
ET 1.00 0.37 0.48
MPC 0.37 1.00 0.10
MPLX 0.48 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ET, MPC and MPLX?

Marathon Petroleum (MPC) is the largest by market capitalisation: Energy Transfer (ET) $70.87B, Marathon Petroleum (MPC) $130.54B, Mplx (MPLX) $59.13B.

Which stock is cheaper, ET, MPC and MPLX?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (Energy Transfer (ET) 14.0x, Marathon Petroleum (MPC) 15.3x, Mplx (MPLX) 12.5x). On next year's consensus earnings, Marathon Petroleum (MPC) is cheapest (Energy Transfer (ET) 11.5x, Marathon Petroleum (MPC) 6.9x, Mplx (MPLX) 14.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Energy Transfer (ET) grew revenue fastest over the trailing twelve months: Energy Transfer (ET) +33.3%, Marathon Petroleum (MPC) +15.9%, Mplx (MPLX) +8.7%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (Energy Transfer (ET) 4.7%, Marathon Petroleum (MPC) 5.5%, Mplx (MPLX) 35.8%). On return on invested capital, Marathon Petroleum (MPC) leads (Energy Transfer (ET) 8.4%, Marathon Petroleum (MPC) 19.7%, Mplx (MPLX) 14.6%).

Which stock has performed better?

Over the past year Marathon Petroleum (MPC) returned the most: Energy Transfer (ET) +23.2%, Marathon Petroleum (MPC) +139.8%, Mplx (MPLX) +16.3%. Over five years, Marathon Petroleum (MPC) compounded fastest (Energy Transfer (ET) +16.2%/yr, Marathon Petroleum (MPC) +48.1%/yr, Mplx (MPLX) +13.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: Energy Transfer (ET) 0.07%, Marathon Petroleum (MPC) 0.01%, Mplx (MPLX) 0.07%.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (Energy Transfer (ET) 17.5%, Marathon Petroleum (MPC) 36.1%, Mplx (MPLX) 17.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ET, MPC and MPLX?

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.