MPLX vs DVN vs EPD Stock Comparison

Mplx, Devon Energy and Enterprise Products Partners Prices as of Oct 27, 2026 Peers: Industry group
MPLX Mplx Lp
$58.09 +2.3% 1M +14.3% 1Y
Market cap
$58.90B
P/E
12.5x
Revenue (TTM)
$13.22B
Div. yield
7.43%
Oil and Gas Pipelines Energy
7 wins
DVN Devon Energy Corp/De
$51.24 +8.9% 1M +55.6% 1Y
Market cap
$56.36B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
2.19%
Oil and Gas Exploration and Production Energy
3 wins

Head to Head

12 decided of 12

Mplx leads on 7 of the 12 questions below (Mplx 7, Devon Energy 3, Enterprise Products Partners 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMPLXDVNEPDLeader
Larger companyMarket capitalisation $58.90B $56.36B $80.29B EPD
Cheaper on earningsLower P/E, profitable companies only 12.5x 14.6x 12.8x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.2x 9.0x 13.0x DVN
Faster revenue growthRevenue growth, trailing twelve months +8.7% +18.1% +6.8% DVN
More profitableNet margin, trailing twelve months 35.8% 16.1% 10.8% MPLX
Better return on capitalReturn on invested capital 14.6% -3.5% 12.2% MPLX
Less leveragedLower net debt / EBITDA 3.4x 4.1x 3.2x EPD
Higher dividend yieldTrailing dividend yield 7.43% 2.19% 5.93% MPLX
Better 1-year returnPrice return, last 12 months +14.3% +55.6% +19.3% DVN
Better 5-year returnAnnualised price return, 5 years +13.8%/yr +4.8%/yr +10.0%/yr MPLX
Less volatileAnnualised volatility, 1 year 17.1% 34.0% 18.5% MPLX
Higher overall scoreMean of the five percentile scores vs peers 59/100 48/100 51/100 MPLX

Percentile Scorecard

MPLXDVNEPD

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

AxisMPLXDVNEPD
Valuation 41 #21 of 35 39 #61 of 99 71 #11 of 35
Growth 27 #25 of 34 68 #32 of 97 24 #26 of 34
Profitability 94 #3 of 34 46 #52 of 96 49 #18 of 34
Financial Health 62 #14 of 35 38 #64 of 102 68 #12 of 35
Shareholder Returns 70 #10 of 31 49 #39 of 76 43 #18 of 31
Overall 59 48 51
  • MPLX ranked among 35 companies in Oil and Gas Midstream
  • DVN ranked among 103 companies in Oil and Gas Upstream
  • EPD 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

PeriodMPLXDVNEPDSPY
1 month +2.3%+8.9%+0.9% -0.2%
3 months -1.9%+20.1%-3.8% +3.9%
6 months +5.5%+3.6%-3.4% +8.2%
Year to date +8.8%+39.9%+16.0% +12.9%
1 year +14.3%+55.6%+19.3% +12.3%
3 years +62.8%+9.6%+37.3% +87.4%
3 years, per year +17.6%+3.1%+11.2% +23.3%
5 years +90.5%+26.5%+60.7% +67.9%
5 years, per year +13.8%+4.8%+10.0% +10.9%
10 years +72.4%+26.6%+42.6% +261.1%
10 years, per year +5.6%+2.4%+3.6% +13.7%

Risk

MeasureMPLXDVNEPDSPY
Volatility, 1Y 17.1%34.0%18.5% 12.7%
Downside volatility, 1Y 17.9%33.2%18.0% 12.7%
Beta vs S&P 500, 1Y -0.05-0.74-0.32 1.00
Return / volatility, 1Y 0.841.631.04 0.97
Max drawdown, 5Y -20.1%-65.7%-19.5% -25.4%
From 52-week high -3.9%-1.6%-6.6% -1.2%
52-week high $60.43$52.07$39.80 $779.14
52-week low $50.29$32.01$30.22 $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.

MultipleMPLXDVNEPD
P/E now vs peer median 12.5xmedian 20.9x 14.6xmedian 13.0x 12.8xmedian 20.9x
P/S now vs peer median 4.5xmedian 2.7x 2.8xmedian 2.1x 1.4xmedian 2.7x
EV/EBITDA now vs peer median 11.4xmedian 11.0x 24.6xmedian 5.9x 11.0xmedian 11.0x
P/FCF now vs peer median 17.7xmedian 16.5x 38.2xmedian 11.1x 23.2xmedian 16.5x
P/B now vs peer median 4.1xmedian 2.6x 1.4xmedian 1.5x 2.6xmedian 2.6x
PEG now vs peer median 2.39median 1.95 -0.65median 2.27 2.40median 1.95

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 monthsMPLXDVNEPD
Revenue $13.22B $20.38B $58.47B
Gross profit $11.61B $14.11B –
Operating income $5.88B -$1.35B $7.85B
Net income $4.77B $3.29B $6.37B
Free cash flow $3.34B $1.48B $3.46B
R&D – $54.00M –
EPS (diluted) $4.66 $3.49 $2.89
Cash & equivalents $1.03B – $246.00M
Total debt $26.01B $11.39B $33.23B
Shares (diluted) 1.02B 940.00M 2.19B
Enterprise value $52.46B $56.36B $78.72B

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
MetricMPLXDVNEPD
P/E 12.5x 14.6x 12.8x
P/FCF 17.7x 38.2x 23.2x
P/Operating cash flow 9.9x 6.6x 9.1x
P/S 4.5x 2.8x 1.4x
P/B 4.1x 1.4x 2.6x
P/Tangible book 4.6x 1.4x 3.0x
EV/EBITDA 11.4x 24.6x 11.0x
EV/EBIT 14.3x -50.1x 14.4x
EV/Revenue 6.3x 3.3x 1.9x
EV/FCF 25.1x 45.9x 32.7x
EV/Operating cash flow 14.0x 7.9x 12.8x
PEG (3Y EPS CAGR) 2.39 -0.65 2.40

Growth

14 metrics
MetricMPLXDVNEPD
Revenue growth (1Y) 8.7% 18.1% 6.8%
Revenue CAGR (3Y) 4.9% 5.9% 3.8%
Gross profit growth (1Y) 9.5% 18.4% –
Gross profit CAGR (3Y) 2.5% 4.9% –
Operating income growth (1Y) 11.4% 11.9% 7.5%
Operating income CAGR (3Y) 4.8% -44.2% 5.0%
Net income growth (1Y) 9.6% 13.2% 7.5%
Net income CAGR (3Y) 4.7% -11.9% 4.7%
EPS growth (1Y) 10.6% -22.0% 7.7%
EPS CAGR (3Y) 5.2% -22.4% 5.3%
Operating cash flow growth (1Y) -1.6% 25.5% 0.6%
Operating cash flow CAGR (3Y) 5.6% 6.4% 6.9%
Free cash flow growth (1Y) -32.1% 337.8% -17.8%
Free cash flow CAGR (3Y) -6.8% 11.7% -9.0%

Profitability

14 metrics
MetricMPLXDVNEPD
Gross margin 87.8% 69.3% –
EBITDA margin 55.4% 13.5% 17.6%
Operating margin 44.4% -6.6% 13.4%
Pretax margin 36.1% -8.8% 10.9%
Net margin 35.8% 16.1% 10.8%
FCF margin 25.2% 7.2% 5.9%
Operating cash flow margin 45.2% 42.0% 15.2%
Return on equity 33.4% 11.5% 20.7%
Return on assets 11.1% 6.4% 7.8%
Return on invested capital 14.6% -3.5% 12.2%
Return on capital employed 14.8% -3.0% 12.3%
Asset turnover 0.3x 0.4x 0.7x
Cash conversion (OCF / net income) 1.3x 2.6x 1.4x
Stock comp / revenue – 0.7% –

Financial Health

11 metrics
MetricMPLXDVNEPD
Debt / assets 60.5% 16.1% 40.6%
Debt / equity 1.8x 0.3x 1.1x
Net debt / EBITDA 3.4x 4.1x 3.2x
Debt / FCF 7.8x 7.7x 9.6x
Liabilities / assets 66.8% 41.1% 62.0%
Equity / assets 33.2% 58.9% 38.0%
Interest coverage 5.3x -2.7x 5.2x
Current ratio 0.9x 0.7x 0.9x
Quick ratio 0.8x – 0.6x
Cash ratio 0.3x – 0.0x
Altman Z-score – 1.58 –

Shareholder Returns

7 metrics
MetricMPLXDVNEPD
Dividend yield 7.4% 2.2% 5.9%
Net buyback yield 0.5% 1.4% 0.5%
Shareholder yield 7.9% 3.5% 6.4%
Payout ratio (earnings) 89.3% 25.0% 74.4%
Payout ratio (FCF) 127.5% 55.6% 136.9%
Dividend growth (1Y) 12.3% 11.9% 3.1%
Dividend CAGR (3Y) 11.8% -34.6% 4.1%

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.

ConsensusMPLXDVNEPD
Forward P/E 14.2xFY2026 9.0xFY2026 13.0xFY2026
EPS, next fiscal year $4.10FY2026 $5.69FY2026 $2.87FY2026
EPS growth, next FY -14.9%FY2026 +45.2%FY2026 +7.9%FY2026
EPS growth, the year after +13.7% -5.1% +17.1%
Revenue, next fiscal year $13.68BFY2026 $24.57BFY2026 $66.68BFY2026
Revenue growth, next FY +5.2%FY2026 +42.9%FY2026 +26.8%FY2026
Revenue growth, the year after -4.0% +2.6% +2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMPLXDVNEPD
Held by institutions 18.8% 92.2% 24.8%
Institutions holding 625 1,459 1,581
Change in shares held, QoQ -3.3% +86.7% +0.8%
Institutions buying 301 1,139 670
Institutions selling 144 231 435
Buyers to sellers 2.09 4.93 1.54

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.

MPLXDVNEPD
MPLX 1.00 0.21 0.46
DVN 0.21 1.00 0.46
EPD 0.46 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MPLX, DVN and EPD?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Mplx (MPLX) $58.90B, Devon Energy (DVN) $56.36B, Enterprise Products Partners (EPD) $80.29B.

Which stock is cheaper, MPLX, DVN and EPD?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (Mplx (MPLX) 12.5x, Devon Energy (DVN) 14.6x, Enterprise Products Partners (EPD) 12.8x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Mplx (MPLX) 14.2x, Devon Energy (DVN) 9.0x, Enterprise Products Partners (EPD) 13.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Devon Energy (DVN) grew revenue fastest over the trailing twelve months: Mplx (MPLX) +8.7%, Devon Energy (DVN) +18.1%, Enterprise Products Partners (EPD) +6.8%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (Mplx (MPLX) 35.8%, Devon Energy (DVN) 16.1%, Enterprise Products Partners (EPD) 10.8%). On return on invested capital, Mplx (MPLX) leads (Mplx (MPLX) 14.6%, Devon Energy (DVN) -3.5%, Enterprise Products Partners (EPD) 12.2%).

Which stock has performed better?

Over the past year Devon Energy (DVN) returned the most: Mplx (MPLX) +14.3%, Devon Energy (DVN) +55.6%, Enterprise Products Partners (EPD) +19.3%. Over five years, Mplx (MPLX) compounded fastest (Mplx (MPLX) +13.8%/yr, Devon Energy (DVN) +4.8%/yr, Enterprise Products Partners (EPD) +10.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: Mplx (MPLX) 7.43%, Devon Energy (DVN) 2.19%, Enterprise Products Partners (EPD) 5.93%.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (Mplx (MPLX) 17.1%, Devon Energy (DVN) 34.0%, Enterprise Products Partners (EPD) 18.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MPLX, DVN and EPD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mplx (MPLX) leads on 7. 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.