PBA vs SOBO vs MPC Stock Comparison

Pembina Pipeline, South Bow and Marathon Petroleum Prices as of Oct 26, 2026 Peers: Industry group
PBA Pembina Pipeline Corp
$50.33 +12.7% 1M +32.3% 1Y
Market cap
$28.96B
P/E
18.4x
Revenue (TTM)
$7.84B
Div. yield
–
Oil and Gas Pipelines Energy
1 win
SOBO South Bow Corp
$35.67 +5.0% 1M +36.5% 1Y
Market cap
$7.39B
P/E
16.1x
Revenue (TTM)
$2.00B
Div. yield
–
Oil and Gas Pipelines Energy
1 win
MPC Marathon Petroleum Corp
$470.49 +19.6% 1M +139.8% 1Y
Market cap
$126.84B
P/E
14.8x
Revenue (TTM)
$156.18B
Div. yield
0.01%
Oil Refining Energy
9 wins

Head to Head

11 decided of 12

Marathon Petroleum leads on 9 of the 12 questions below (Marathon Petroleum 9, South Bow 1, Pembina Pipeline 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBASOBOMPCLeader
Larger companyMarket capitalisation $28.96B $7.39B $126.84B MPC
Cheaper on earningsLower P/E, profitable companies only 18.4x 16.1x 14.8x MPC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 19.0x 6.9x MPC
Faster revenue growthRevenue growth, trailing twelve months +0.9% -2.1% +15.9% MPC
More profitableNet margin, trailing twelve months 20.1% 23.0% 5.5% SOBO
Better return on capitalReturn on invested capital 8.3% 9.2% 19.7% MPC
Less leveragedLower net debt / EBITDA 3.1x 4.4x 1.5x MPC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +32.3% +36.5% +139.8% MPC
Better 5-year returnAnnualised price return, 5 years +8.7%/yr — +48.1%/yr MPC
Less volatileAnnualised volatility, 1 year 20.3% 22.8% 36.1% PBA
Higher overall scoreMean of the five percentile scores vs peers 57/100 58/100 60/100 MPC

Percentile Scorecard

PBASOBOMPC

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

AxisPBASOBOMPC
Valuation 79 #8 of 35 65 #13 of 35 27 #17 of 23
Growth 21 #27 of 34 55 #16 of 34 67 #7 of 19
Profitability 55 #16 of 34 67 #12 of 34 94 #2 of 18
Financial Health 88 #5 of 35 50 #18 of 35 57 #11 of 24
Shareholder Returns 40 #19 of 31 53 #15 of 31 53 #9 of 18
Overall 57 58 60
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • SOBO ranked among 35 companies in Oil and Gas Midstream
  • MPC ranked among 25 companies in Refining and Marketing

Price Performance

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

Returns

PeriodPBASOBOMPCSPY
1 month +12.7%+5.0%+19.6% -0.8%
3 months +0.8%-4.5%+50.6% +3.5%
6 months +16.1%+11.1%+107.1% +7.0%
Year to date +32.2%+29.9%+189.3% +12.2%
1 year +32.3%+36.5%+139.8% +13.0%
3 years +65.4%—+222.3% +86.3%
3 years, per year +18.3%—+47.7% +23.1%
5 years +51.6%—+611.2% +68.6%
5 years, per year +8.7%—+48.1% +11.0%
10 years +61.8%—+963.0% +258.0%
10 years, per year +4.9%—+26.7% +13.6%

Risk

MeasurePBASOBOMPCSPY
Volatility, 1Y 20.3%22.8%36.1% 12.7%
Downside volatility, 1Y 20.9%22.2%34.7% 12.7%
Beta vs S&P 500, 1Y -0.23-0.20-0.24 1.00
Return / volatility, 1Y 1.591.603.87 1.02
Max drawdown, 5Y -32.6%-20.2%-45.9% -25.4%
From 52-week high -2.0%-7.8%-3.0% -1.8%
52-week high $51.38$38.69$485.05 $779.14
52-week low $36.52$25.26$162.63 $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.

MultiplePBASOBOMPC
P/E now vs peer median 18.5xmedian 21.0x 16.1xmedian 21.0x 15.9xmedian 9.5x
P/S now vs peer median 3.7xmedian 2.7x 3.7xmedian 2.7x 0.8xmedian 0.3x
EV/EBITDA now vs peer median 10.8xmedian 11.0x 10.9xmedian 11.0x 9.0xmedian 7.3x
P/FCF now vs peer median 8.4xmedian 16.6x 11.6xmedian 16.6x 10.2xmedian 9.5x
P/B now vs peer median 1.7xmedian 2.6x 2.8xmedian 2.6x 5.1xmedian 1.9x
PEG now vs peer median —median 1.92 —median 1.92 -15.47median 0.35

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 monthsPBASOBOMPC
Revenue $7.84B $2.00B $156.18B
Gross profit $3.30B $1.72B $21.79B
Operating income $2.83B – $14.13B
Net income $1.71B $460.00M $10.31B
Free cash flow $3.49B $640.00M $12.90B
EPS (diluted) $2.71 $2.20 $29.50
Cash & equivalents $153.00M $726.00M $7.77B
Total debt $12.08B $5.73B $33.26B
Shares (diluted) 582.00M 208.80M 290.00M
Enterprise value $28.41B $5.01B $110.60B

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
MetricPBASOBOMPC
P/E 18.5x 16.1x 15.9x
P/FCF 8.4x 11.6x 10.2x
P/Operating cash flow 10.1x 8.9x 7.7x
P/S 3.7x 3.7x 0.8x
P/B 1.7x 2.8x 5.1x
P/Tangible book 1.7x 2.8x 5.7x
EV/EBITDA 10.8x 10.9x 9.0x
EV/EBIT 14.6x 14.0x 11.2x
EV/Revenue 5.3x 6.2x 1.0x
EV/FCF 11.8x 19.4x 12.2x
EV/Operating cash flow 14.2x 14.8x 9.2x
PEG (3Y EPS CAGR) – – -15.47

Growth

14 metrics
MetricPBASOBOMPC
Revenue growth (1Y) 0.9% -2.1% 15.9%
Revenue CAGR (3Y) – – -0.6%
Gross profit growth (1Y) 0.9% 1.5% 71.5%
Gross profit CAGR (3Y) – – -5.4%
Operating income growth (1Y) 27.9% – 163.0%
Operating income CAGR (3Y) – – -9.1%
Net income growth (1Y) -3.9% 53.3% 174.5%
Net income CAGR (3Y) – – -10.4%
EPS growth (1Y) -3.0% 134.7% 324.1%
EPS CAGR (3Y) – – -1.0%
Operating cash flow growth (1Y) -16.0% 30.1% 164.9%
Operating cash flow CAGR (3Y) – – 4.8%
Free cash flow growth (1Y) -14.7% 14.9% 253.7%
Free cash flow CAGR (3Y) – – 1.0%

Profitability

14 metrics
MetricPBASOBOMPC
Gross margin 42.1% 85.8% 14.0%
EBITDA margin 48.5% 56.9% 11.2%
Operating margin 36.1% – 9.0%
Pretax margin 28.2% 27.8% 8.2%
Net margin 20.1% 23.0% 5.5%
FCF margin 44.5% 32.0% 8.3%
Operating cash flow margin 37.0% 41.9% 11.0%
Return on equity 10.1% 17.3% 42.0%
Return on assets 4.7% 4.1% 11.3%
Return on invested capital 8.3% 9.2% 19.7%
Return on capital employed – 9.1% 22.1%
Asset turnover 0.2x 0.2x 1.7x
Cash conversion (OCF / net income) 1.7x 1.8x 1.7x
Stock comp / revenue 1.4% – –

Financial Health

11 metrics
MetricPBASOBOMPC
Debt / assets 33.3% 50.4% 35.3%
Debt / equity 0.7x 2.2x 1.3x
Net debt / EBITDA 3.1x 4.4x 1.5x
Debt / FCF 3.5x 9.0x 2.6x
Liabilities / assets 52.9% 76.6% 72.7%
Equity / assets 47.1% 23.4% 27.3%
Interest coverage 4.6x 2.7x 10.4x
Current ratio – 1.5x 1.3x
Quick ratio – 1.2x 0.9x
Cash ratio – 0.5x 0.3x
Altman Z-score – 1.03 4.06

Shareholder Returns

7 metrics
MetricPBASOBOMPC
Dividend yield 5.7% 5.6% 0.9%
Net buyback yield -0.7% -0.1% 3.7%
Shareholder yield 5.0% 5.5% 4.6%
Payout ratio (earnings) – – 11.3%
Payout ratio (FCF) – – 9.0%
Dividend growth (1Y) – – 2.8%
Dividend CAGR (3Y) – – -3.4%

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.

ConsensusPBASOBOMPC
Forward P/E 21.6xFY2026 19.0xFY2026 6.9xFY2026
EPS, next fiscal year $2.33FY2026 $1.88FY2026 $68.44FY2026
EPS growth, next FY +20.1%FY2026 -4.6%FY2026 +539.6%FY2026
EPS growth, the year after +0.4% +3.7% -13.2%
Revenue, next fiscal year $6.58BFY2026 $2.07BFY2026 $192.95BFY2026
Revenue growth, next FY +16.3%FY2026 +4.1%FY2026 +42.7%FY2026
Revenue growth, the year after -6.2% +3.7% -9.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBASOBOMPC
Held by institutions – 62.0% 75.7%
Institutions holding – 305 1,930
Change in shares held, QoQ – -2.3% -0.3%
Institutions buying – 126 855
Institutions selling – 92 699
Buyers to sellers – 1.37 1.22

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.

PBASOBOMPC
PBA 1.00 0.68 0.42
SOBO 0.68 1.00 0.34
MPC 0.42 0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBA, SOBO and MPC?

Marathon Petroleum (MPC) is the largest by market capitalisation: Pembina Pipeline (PBA) $28.96B, South Bow (SOBO) $7.39B, Marathon Petroleum (MPC) $126.84B.

Which stock is cheaper, PBA, SOBO and MPC?

Marathon Petroleum (MPC) trades on the lowest price-to-earnings ratio (Pembina Pipeline (PBA) 18.4x, South Bow (SOBO) 16.1x, Marathon Petroleum (MPC) 14.8x). On next year's consensus earnings, Marathon Petroleum (MPC) is cheapest (Pembina Pipeline (PBA) 21.6x, South Bow (SOBO) 19.0x, Marathon Petroleum (MPC) 6.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Marathon Petroleum (MPC) grew revenue fastest over the trailing twelve months: Pembina Pipeline (PBA) +0.9%, South Bow (SOBO) -2.1%, Marathon Petroleum (MPC) +15.9%.

Which company is more profitable?

South Bow (SOBO) has the highest net margin (Pembina Pipeline (PBA) 20.1%, South Bow (SOBO) 23.0%, Marathon Petroleum (MPC) 5.5%). On return on invested capital, Marathon Petroleum (MPC) leads (Pembina Pipeline (PBA) 8.3%, South Bow (SOBO) 9.2%, Marathon Petroleum (MPC) 19.7%).

Which stock has performed better?

Over the past year Marathon Petroleum (MPC) returned the most: Pembina Pipeline (PBA) +32.3%, South Bow (SOBO) +36.5%, Marathon Petroleum (MPC) +139.8%. Over five years, Marathon Petroleum (MPC) compounded fastest (Pembina Pipeline (PBA) +8.7%/yr, Marathon Petroleum (MPC) +48.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Pembina Pipeline (PBA) 0.00%, South Bow (SOBO) 0.00%, Marathon Petroleum (MPC) 0.01%. Pembina Pipeline (PBA) and South Bow (SOBO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Pembina Pipeline (PBA) has been the steadiest (Pembina Pipeline (PBA) 20.3%, South Bow (SOBO) 22.8%, Marathon Petroleum (MPC) 36.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBA, SOBO and MPC?

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 9. 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.