TRP vs DVN vs ENB Stock Comparison

Tc Energy, Devon Energy and Enbridge Prices as of Oct 26, 2026 Peers: Industry group
TRP Tc Energy Corp
$62.47 +6.3% 1M +23.9% 1Y
Market cap
$65.20B
P/E
26.5x
Revenue (TTM)
$11.24B
Div. yield
-0.04%
Oil and Gas Pipelines Energy
4 wins
DVN Devon Energy Corp/De
$51.63 +9.7% 1M +56.6% 1Y
Market cap
$47.71B
P/E
14.5x
Revenue (TTM)
$20.38B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
4 wins
ENB Enbridge Inc
$48.26 +3.3% 1M +2.9% 1Y
Market cap
$105.33B
P/E
25.5x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Enbridge leads on 4 of the 12 questions below (Enbridge 4, Devon Energy 4, Tc Energy 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRPDVNENBLeader
Larger companyMarket capitalisation $65.20B $47.71B $105.33B ENB
Cheaper on earningsLower P/E, profitable companies only 26.5x 14.5x 25.5x DVN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.6x 9.1x 24.0x DVN
Faster revenue growthRevenue growth, trailing twelve months -1.0% +18.1% +31.0% ENB
More profitableNet margin, trailing twelve months 21.9% 16.1% 6.8% TRP
Better return on capitalReturn on invested capital 12.4% -3.5% 5.0% TRP
Less leveragedLower net debt / EBITDA 1.2x 4.1x 6.4x TRP
Higher dividend yieldTrailing dividend yield -0.04% 0.02% 0.06% ENB
Better 1-year returnPrice return, last 12 months +23.9% +56.6% +2.9% DVN
Better 5-year returnAnnualised price return, 5 years +2.8%/yr +5.4%/yr +2.7%/yr DVN
Less volatileAnnualised volatility, 1 year 19.7% 34.1% 18.6% ENB
Higher overall scoreMean of the five percentile scores vs peers 67/100 48/100 31/100 TRP

Percentile Scorecard

TRPDVNENB

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

AxisTRPDVNENB
Valuation 71 #11 of 35 39 #61 of 99 24 #27 of 35
Growth 33 #23 of 34 70 #30 of 97 39 #21 of 34
Profitability 97 #2 of 34 46 #52 of 96 24 #26 of 34
Financial Health 91 #4 of 35 37 #65 of 102 21 #28 of 35
Shareholder Returns 43 #18 of 31 48 #40 of 76 47 #17 of 31
Overall 67 48 31
  • TRP ranked among 35 companies in Oil and Gas Midstream
  • DVN ranked among 103 companies in Oil and Gas Upstream
  • ENB 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

PeriodTRPDVNENBSPY
1 month +6.3%+9.7%+3.3% -0.8%
3 months -8.6%+19.6%-12.8% +3.5%
6 months +0.9%+7.1%-8.0% +7.0%
Year to date +13.6%+41.0%+0.9% +12.2%
1 year +23.9%+56.6%+2.9% +13.0%
3 years +84.7%+10.4%+53.7% +86.3%
3 years, per year +22.7%+3.4%+15.4% +23.1%
5 years +14.7%+30.3%+14.5% +68.6%
5 years, per year +2.8%+5.4%+2.7% +11.0%
10 years +36.1%+28.4%+10.7% +258.0%
10 years, per year +3.1%+2.5%+1.0% +13.6%

Risk

MeasureTRPDVNENBSPY
Volatility, 1Y 19.7%34.1%18.6% 12.7%
Downside volatility, 1Y 18.6%33.3%19.5% 12.7%
Beta vs S&P 500, 1Y -0.06-0.73-0.16 1.00
Return / volatility, 1Y 1.211.660.15 1.02
Max drawdown, 5Y -44.3%-65.7%-34.0% -25.4%
From 52-week high -11.9%-0.8%-16.9% -1.8%
52-week high $70.91$52.07$58.04 $779.14
52-week low $49.79$32.01$45.23 $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.

MultipleTRPDVNENB
P/E now vs peer median 26.4xmedian 21.0x 14.7xmedian 13.5x 25.6xmedian 21.0x
P/S now vs peer median 5.8xmedian 2.7x 2.8xmedian 2.1x 1.7xmedian 2.7x
EV/EBITDA now vs peer median 8.5xmedian 11.0x 24.8xmedian 5.9x 15.0xmedian 11.0x
P/FCF now vs peer median 6.7xmedian 16.6x 38.5xmedian 11.0x 87.3xmedian 16.6x
P/B now vs peer median 3.3xmedian 2.6x 1.4xmedian 1.5x 2.2xmedian 2.6x
PEG now vs peer median 0.56median 1.92 -0.66median 2.27 2.51median 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 monthsTRPDVNENB
Revenue $11.24B $20.38B $60.45B
Gross profit $11.08B $14.11B $22.34B
Operating income $6.82B -$1.35B $8.06B
Net income $2.94B $3.29B $4.58B
Free cash flow $9.65B $1.48B $1.21B
R&D – $54.00M –
EPS (diluted) $2.37 $3.49 $1.88
Cash & equivalents $1.46B – $1.42B
Total debt $11.91B $11.39B $78.92B
Shares (diluted) 1.04B 940.00M 2.19B
Enterprise value $61.28B $47.71B $100.93B

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
MetricTRPDVNENB
P/E 26.4x 14.7x 25.6x
P/FCF 6.7x 38.5x 87.3x
P/Operating cash flow 10.5x 6.6x 11.7x
P/S 5.8x 2.8x 1.7x
P/B 3.3x 1.4x 2.2x
P/Tangible book 3.3x 1.4x 2.3x
EV/EBITDA 8.5x 24.8x 15.0x
EV/EBIT 11.1x -50.4x 22.7x
EV/Revenue 6.7x 3.3x 3.0x
EV/FCF 7.8x 46.2x 151.6x
EV/Operating cash flow 12.2x 8.0x 20.3x
PEG (3Y EPS CAGR) 0.56 -0.66 2.51

Growth

14 metrics
MetricTRPDVNENB
Revenue growth (1Y) -1.0% 18.1% 31.0%
Revenue CAGR (3Y) – 5.9% 19.5%
Gross profit growth (1Y) -1.1% 18.4% 8.0%
Gross profit CAGR (3Y) – 4.9% 5.1%
Operating income growth (1Y) -10.0% 11.9% 6.2%
Operating income CAGR (3Y) – -44.2% 19.8%
Net income growth (1Y) -17.9% 13.2% -6.9%
Net income CAGR (3Y) 52.5% -11.9% 13.7%
EPS growth (1Y) -19.4% -22.0% -7.5%
EPS CAGR (3Y) 47.4% -22.4% 10.2%
Operating cash flow growth (1Y) 14.6% 25.5% -2.9%
Operating cash flow CAGR (3Y) 4.4% 6.4% -2.6%
Free cash flow growth (1Y) -1.1% 337.8% -67.2%
Free cash flow CAGR (3Y) -5.1% 11.7% -42.0%

Profitability

14 metrics
MetricTRPDVNENB
Gross margin 98.5% 69.3% 36.9%
EBITDA margin 78.8% 13.5% 20.2%
Operating margin 60.7% -6.6% 13.3%
Pretax margin 34.9% -8.8% 9.6%
Net margin 21.9% 16.1% 6.8%
FCF margin 85.9% 7.2% 2.0%
Operating cash flow margin 55.2% 42.0% 14.9%
Return on equity 12.6% 11.5% 9.5%
Return on assets – 6.4% 2.8%
Return on invested capital 12.4% -3.5% 5.0%
Return on capital employed – -3.0% 5.5%
Asset turnover – 0.4x 0.4x
Cash conversion (OCF / net income) 2.1x 2.6x 2.0x
Stock comp / revenue 0.0% 0.7% –

Financial Health

11 metrics
MetricTRPDVNENB
Debt / assets – 16.1% 48.4%
Debt / equity 0.6x 0.3x 1.6x
Net debt / EBITDA 1.2x 4.1x 6.4x
Debt / FCF 1.2x 7.7x 65.4x
Liabilities / assets – 41.1% 70.6%
Equity / assets – 58.9% 29.4%
Interest coverage 2.8x -2.7x 2.2x
Current ratio – 0.7x 0.7x
Quick ratio – – 0.5x
Cash ratio – – 0.1x
Altman Z-score – 1.59 0.93

Shareholder Returns

7 metrics
MetricTRPDVNENB
Dividend yield 5.6% 2.2% 8.0%
Net buyback yield -0.1% 1.3% 0.0%
Shareholder yield 5.5% 3.5% 8.0%
Payout ratio (earnings) 87.7% 25.0% 132.1%
Payout ratio (FCF) 26.7% 55.6% 500.8%
Dividend growth (1Y) 3.8% 11.9% 4.2%
Dividend CAGR (3Y) -8.5% -34.6% 4.6%

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.

ConsensusTRPDVNENB
Forward P/E 24.6xFY2026 9.1xFY2026 24.0xFY2026
EPS, next fiscal year $2.54FY2026 $5.69FY2026 $2.01FY2026
EPS growth, next FY -0.8%FY2026 +45.2%FY2026 -8.6%FY2026
EPS growth, the year after +15.0% -5.1% +13.9%
Revenue, next fiscal year $10.85BFY2026 $24.57BFY2026 $61.75BFY2026
Revenue growth, next FY -2.2%FY2026 +42.9%FY2026 +30.1%FY2026
Revenue growth, the year after +4.3% +2.6% -14.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRPDVNENB
Held by institutions 65.7% 92.2% 48.7%
Institutions holding 696 1,458 1,501
Change in shares held, QoQ -5.0% +86.7% +2.0%
Institutions buying 328 1,138 660
Institutions selling 216 231 503
Buyers to sellers 1.52 4.93 1.31

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.

TRPDVNENB
TRP 1.00 0.35 0.82
DVN 0.35 1.00 0.33
ENB 0.82 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRP, DVN and ENB?

Enbridge (ENB) is the largest by market capitalisation: Tc Energy (TRP) $65.20B, Devon Energy (DVN) $47.71B, Enbridge (ENB) $105.33B.

Which stock is cheaper, TRP, DVN and ENB?

Devon Energy (DVN) trades on the lowest price-to-earnings ratio (Tc Energy (TRP) 26.5x, Devon Energy (DVN) 14.5x, Enbridge (ENB) 25.5x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Tc Energy (TRP) 24.6x, Devon Energy (DVN) 9.1x, Enbridge (ENB) 24.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Tc Energy (TRP) -1.0%, Devon Energy (DVN) +18.1%, Enbridge (ENB) +31.0%.

Which company is more profitable?

Tc Energy (TRP) has the highest net margin (Tc Energy (TRP) 21.9%, Devon Energy (DVN) 16.1%, Enbridge (ENB) 6.8%). On return on invested capital, Tc Energy (TRP) leads (Tc Energy (TRP) 12.4%, Devon Energy (DVN) -3.5%, Enbridge (ENB) 5.0%).

Which stock has performed better?

Over the past year Devon Energy (DVN) returned the most: Tc Energy (TRP) +23.9%, Devon Energy (DVN) +56.6%, Enbridge (ENB) +2.9%. Over five years, Devon Energy (DVN) compounded fastest (Tc Energy (TRP) +2.8%/yr, Devon Energy (DVN) +5.4%/yr, Enbridge (ENB) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enbridge (ENB) has the highest dividend yield: Tc Energy (TRP) -0.04%, Devon Energy (DVN) 0.02%, Enbridge (ENB) 0.06%. Tc Energy (TRP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Tc Energy (TRP) 19.7%, Devon Energy (DVN) 34.1%, Enbridge (ENB) 18.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRP, DVN and ENB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enbridge (ENB) leads on 4. 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.