MPLX vs PBA Stock Comparison

Mplx and Pembina Pipeline Prices as of Oct 26, 2026 Peers: Industry group
MPLX Mplx Lp
$58.65 +3.3% 1M +16.3% 1Y
Market cap
$59.46B
P/E
12.6x
Revenue (TTM)
$13.22B
Div. yield
7.36%
Oil and Gas Pipelines Energy
10 wins
PBA Pembina Pipeline Corp
$50.33 +12.7% 1M +32.3% 1Y
Market cap
$29.25B
P/E
18.5x
Revenue (TTM)
$7.84B
Div. yield
5.72%
Oil and Gas Pipelines Energy
2 wins

Head to Head

12 decided of 12

Mplx leads on 10 of the 12 questions below (Mplx 10, Pembina Pipeline 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMPLXPBALeader
Larger companyMarket capitalisation $59.46B $29.25B MPLX
Cheaper on earningsLower P/E, profitable companies only 12.6x 18.5x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.3x 21.7x MPLX
Faster revenue growthRevenue growth, trailing twelve months +8.7% +0.9% MPLX
More profitableNet margin, trailing twelve months 35.8% 20.1% MPLX
Better return on capitalReturn on invested capital 14.6% 8.3% MPLX
Less leveragedLower net debt / EBITDA 3.4x 3.1x PBA
Higher dividend yieldTrailing dividend yield 7.36% 5.72% MPLX
Better 1-year returnPrice return, last 12 months +16.3% +32.3% PBA
Better 5-year returnAnnualised price return, 5 years +13.7%/yr +8.7%/yr MPLX
Less volatileAnnualised volatility, 1 year 17.1% 20.3% MPLX
Higher overall scoreMean of the five percentile scores vs peers 60/100 51/100 MPLX

Percentile Scorecard

MPLXPBA

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

AxisMPLXPBA
Valuation 36 #8 of 12 82 #3 of 12
Growth 50 #6 of 11 40 #7 of 11
Profitability 90 #2 of 11 50 #6 of 11
Financial Health 36 #8 of 12 82 #3 of 12
Shareholder Returns 86 #2 of 8 0 #8 of 8
Overall 60 51
  • MPLX ranked among 12 companies in Oil and Gas Midstream
  • PBA ranked among 12 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodMPLXPBASPY
1 month +3.3%+12.7% -0.8%
3 months +0.5%+0.8% +3.5%
6 months +7.4%+16.1% +7.0%
Year to date +9.9%+32.2% +12.2%
1 year +16.3%+32.3% +13.0%
3 years +64.3%+65.4% +86.3%
3 years, per year +18.0%+18.3% +23.1%
5 years +89.9%+51.6% +68.6%
5 years, per year +13.7%+8.7% +11.0%
10 years +83.7%+61.8% +258.0%
10 years, per year +6.3%+4.9% +13.6%

Risk

MeasureMPLXPBASPY
Volatility, 1Y 17.1%20.3% 12.7%
Downside volatility, 1Y 17.9%20.9% 12.7%
Beta vs S&P 500, 1Y -0.04-0.23 1.00
Return / volatility, 1Y 0.951.59 1.02
Max drawdown, 5Y -20.1%-32.6% -25.4%
From 52-week high -2.9%-2.0% -1.8%
52-week high $60.43$51.38 $779.14
52-week low $50.29$36.52 $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.

MultipleMPLXPBA
P/E now vs peer median 12.6xmedian 17.3x 18.5xmedian 17.3x
P/S now vs peer median 4.5xmedian 3.5x 3.7xmedian 3.5x
EV/EBITDA now vs peer median 11.5xmedian 10.9x 10.8xmedian 10.9x
P/FCF now vs peer median 17.8xmedian 13.6x 8.4xmedian 13.6x
P/B now vs peer median 4.2xmedian 2.1x 1.7xmedian 2.1x
PEG now vs peer median 2.42median 1.88 —median 1.88

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 monthsMPLXPBA
Revenue $13.22B $7.84B
Gross profit $11.61B $3.30B
Operating income $5.88B $2.83B
Net income $4.77B $1.71B
Free cash flow $3.34B $3.49B
EPS (diluted) $4.66 $2.71
Cash & equivalents $1.03B $153.00M
Total debt $26.01B $12.08B
Shares (diluted) 1.02B 582.00M
Enterprise value $53.02B $28.69B

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
MetricMPLXPBA
P/E 12.6x 18.5x
P/FCF 17.8x 8.4x
P/Operating cash flow 10.0x 10.1x
P/S 4.5x 3.7x
P/B 4.2x 1.7x
P/Tangible book 4.6x 1.7x
EV/EBITDA 11.5x 10.8x
EV/EBIT 14.4x 14.6x
EV/Revenue 6.4x 5.3x
EV/FCF 25.3x 11.8x
EV/Operating cash flow 14.1x 14.2x
PEG (3Y EPS CAGR) 2.42 –

Growth

14 metrics
MetricMPLXPBA
Revenue growth (1Y) 8.7% 0.9%
Revenue CAGR (3Y) 4.9% –
Gross profit growth (1Y) 9.5% 0.9%
Gross profit CAGR (3Y) 2.5% –
Operating income growth (1Y) 11.4% 27.9%
Operating income CAGR (3Y) 4.8% –
Net income growth (1Y) 9.6% -3.9%
Net income CAGR (3Y) 4.7% –
EPS growth (1Y) 10.6% -3.0%
EPS CAGR (3Y) 5.2% –
Operating cash flow growth (1Y) -1.6% -16.0%
Operating cash flow CAGR (3Y) 5.6% –
Free cash flow growth (1Y) -32.1% -14.7%
Free cash flow CAGR (3Y) -6.8% –

Profitability

14 metrics
MetricMPLXPBA
Gross margin 87.8% 42.1%
EBITDA margin 55.4% 48.5%
Operating margin 44.4% 36.1%
Pretax margin 36.1% 28.2%
Net margin 35.8% 20.1%
FCF margin 25.2% 44.5%
Operating cash flow margin 45.2% 37.0%
Return on equity 33.4% 10.1%
Return on assets 11.1% 4.7%
Return on invested capital 14.6% 8.3%
Return on capital employed 14.8% –
Asset turnover 0.3x 0.2x
Cash conversion (OCF / net income) 1.3x 1.7x
Stock comp / revenue – 1.4%

Financial Health

11 metrics
MetricMPLXPBA
Debt / assets 60.5% 33.3%
Debt / equity 1.8x 0.7x
Net debt / EBITDA 3.4x 3.1x
Debt / FCF 7.8x 3.5x
Liabilities / assets 66.8% 52.9%
Equity / assets 33.2% 47.1%
Interest coverage 5.3x 4.6x
Current ratio 0.9x –
Quick ratio 0.8x –
Cash ratio 0.3x –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricMPLXPBA
Dividend yield 7.4% 5.7%
Net buyback yield 0.5% -0.7%
Shareholder yield 7.9% 5.0%
Payout ratio (earnings) 89.3% –
Payout ratio (FCF) 127.5% –
Dividend growth (1Y) 12.3% –
Dividend CAGR (3Y) 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.

ConsensusMPLXPBA
Forward P/E 14.3xFY2026 21.7xFY2026
EPS, next fiscal year $4.10FY2026 $2.32FY2026
EPS growth, next FY -14.9%FY2026 +19.6%FY2026
EPS growth, the year after +13.7% 0.0%
Revenue, next fiscal year $13.68BFY2026 $6.55BFY2026
Revenue growth, next FY +5.2%FY2026 +15.8%FY2026
Revenue growth, the year after -4.0% -6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMPLXPBA
Held by institutions 18.8% –
Institutions holding 625 –
Change in shares held, QoQ -3.3% –
Institutions buying 301 –
Institutions selling 144 –
Buyers to sellers 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.

MPLXPBA
MPLX 1.00 0.46
PBA 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MPLX and PBA?

Mplx (MPLX) is the largest by market capitalisation: Mplx (MPLX) $59.46B, Pembina Pipeline (PBA) $29.25B.

Which stock is cheaper, MPLX and PBA?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (Mplx (MPLX) 12.6x, Pembina Pipeline (PBA) 18.5x). On next year's consensus earnings, Mplx (MPLX) is cheapest (Mplx (MPLX) 14.3x, Pembina Pipeline (PBA) 21.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mplx (MPLX) grew revenue fastest over the trailing twelve months: Mplx (MPLX) +8.7%, Pembina Pipeline (PBA) +0.9%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (Mplx (MPLX) 35.8%, Pembina Pipeline (PBA) 20.1%). On return on invested capital, Mplx (MPLX) leads (Mplx (MPLX) 14.6%, Pembina Pipeline (PBA) 8.3%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Mplx (MPLX) +16.3%, Pembina Pipeline (PBA) +32.3%. Over five years, Mplx (MPLX) compounded fastest (Mplx (MPLX) +13.7%/yr, Pembina Pipeline (PBA) +8.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: Mplx (MPLX) 7.36%, Pembina Pipeline (PBA) 5.72%.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (Mplx (MPLX) 17.1%, Pembina Pipeline (PBA) 20.3%). Volatility measures how widely the price swings, not the risk of the business.

Do MPLX and PBA move together?

Their daily returns over the past year have a correlation of 0.46, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, MPLX and PBA?

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 10. 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.