TRP vs EPD vs PBA Stock Comparison

Tc Energy, Enterprise Products Partners and Pembina Pipeline Prices as of Oct 26, 2026 Peers: Industry group
TRP Tc Energy Corp
$62.47 +6.3% 1M +23.9% 1Y
Market cap
$65.36B
P/E
26.6x
Revenue (TTM)
$11.24B
Div. yield
-0.04%
Oil and Gas Pipelines Energy
4 wins
PBA Pembina Pipeline Corp
$50.33 +12.7% 1M +32.3% 1Y
Market cap
$29.02B
P/E
18.4x
Revenue (TTM)
$7.84B
Div. yield
–
Oil and Gas Pipelines Energy
1 win

Head to Head

11 decided of 12

Enterprise Products Partners leads on 6 of the 12 questions below (Enterprise Products Partners 6, Tc Energy 4, Pembina Pipeline 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRPEPDPBALeader
Larger companyMarket capitalisation $65.36B $80.25B $29.02B EPD
Cheaper on earningsLower P/E, profitable companies only 26.6x 12.7x 18.4x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.6x 12.9x 21.6x EPD
Faster revenue growthRevenue growth, trailing twelve months -1.0% +6.8% +0.9% EPD
More profitableNet margin, trailing twelve months 21.9% 10.8% 20.1% TRP
Better return on capitalReturn on invested capital 12.4% 12.2% 8.3% TRP
Less leveragedLower net debt / EBITDA 1.2x 3.2x 3.1x TRP
Higher dividend yieldTrailing dividend yield -0.04% 0.06% 0.00% –
Better 1-year returnPrice return, last 12 months +23.9% +19.3% +32.3% PBA
Better 5-year returnAnnualised price return, 5 years +2.8%/yr +9.2%/yr +8.7%/yr EPD
Less volatileAnnualised volatility, 1 year 19.7% 18.5% 20.3% EPD
Higher overall scoreMean of the five percentile scores vs peers 67/100 53/100 57/100 TRP

Percentile Scorecard

TRPEPDPBA

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

AxisTRPEPDPBA
Valuation 71 #11 of 35 77 #9 of 35 79 #8 of 35
Growth 33 #23 of 34 24 #26 of 34 21 #27 of 34
Profitability 97 #2 of 34 49 #18 of 34 55 #16 of 34
Financial Health 91 #4 of 35 68 #12 of 35 88 #5 of 35
Shareholder Returns 43 #18 of 31 50 #16 of 31 40 #19 of 31
Overall 67 53 57
  • TRP ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • PBA 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

PeriodTRPEPDPBASPY
1 month +6.3%+0.3%+12.7% -0.8%
3 months -8.6%-3.0%+0.8% +3.5%
6 months +0.9%-3.2%+16.1% +7.0%
Year to date +13.6%+15.3%+32.2% +12.2%
1 year +23.9%+19.3%+32.3% +13.0%
3 years +84.7%+36.6%+65.4% +86.3%
3 years, per year +22.7%+11.0%+18.3% +23.1%
5 years +14.7%+54.9%+51.6% +68.6%
5 years, per year +2.8%+9.2%+8.7% +11.0%
10 years +36.1%+37.6%+61.8% +258.0%
10 years, per year +3.1%+3.2%+4.9% +13.6%

Risk

MeasureTRPEPDPBASPY
Volatility, 1Y 19.7%18.5%20.3% 12.7%
Downside volatility, 1Y 18.6%18.0%20.9% 12.7%
Beta vs S&P 500, 1Y -0.06-0.32-0.23 1.00
Return / volatility, 1Y 1.211.041.59 1.02
Max drawdown, 5Y -44.3%-19.5%-32.6% -25.4%
From 52-week high -11.9%-7.1%-2.0% -1.8%
52-week high $70.91$39.80$51.38 $779.14
52-week low $49.79$30.22$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.

MultipleTRPEPDPBA
P/E now vs peer median 26.4xmedian 21.0x 12.7xmedian 21.0x 18.5xmedian 21.0x
P/S now vs peer median 5.8xmedian 2.7x 1.4xmedian 2.7x 3.7xmedian 2.7x
EV/EBITDA now vs peer median 8.5xmedian 11.0x 11.0xmedian 11.0x 10.8xmedian 11.0x
P/FCF now vs peer median 6.7xmedian 16.6x 23.1xmedian 16.6x 8.4xmedian 16.6x
P/B now vs peer median 3.3xmedian 2.6x 2.6xmedian 2.6x 1.7xmedian 2.6x
PEG now vs peer median 0.56median 1.92 2.38median 1.92 —median 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 monthsTRPEPDPBA
Revenue $11.24B $58.47B $7.84B
Gross profit $11.08B – $3.30B
Operating income $6.82B $7.85B $2.83B
Net income $2.94B $6.37B $1.71B
Free cash flow $9.65B $3.46B $3.49B
EPS (diluted) $2.37 $2.89 $2.71
Cash & equivalents $1.46B $246.00M $153.00M
Total debt $11.91B $33.23B $12.08B
Shares (diluted) 1.04B 2.19B 582.00M
Enterprise value $61.44B $78.64B $28.47B

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
MetricTRPEPDPBA
P/E 26.4x 12.7x 18.5x
P/FCF 6.7x 23.1x 8.4x
P/Operating cash flow 10.5x 9.0x 10.1x
P/S 5.8x 1.4x 3.7x
P/B 3.3x 2.6x 1.7x
P/Tangible book 3.3x 3.0x 1.7x
EV/EBITDA 8.5x 11.0x 10.8x
EV/EBIT 11.1x 14.4x 14.6x
EV/Revenue 6.7x 1.9x 5.3x
EV/FCF 7.8x 32.6x 11.8x
EV/Operating cash flow 12.2x 12.7x 14.2x
PEG (3Y EPS CAGR) 0.56 2.38 –

Growth

14 metrics
MetricTRPEPDPBA
Revenue growth (1Y) -1.0% 6.8% 0.9%
Revenue CAGR (3Y) – 3.8% –
Gross profit growth (1Y) -1.1% – 0.9%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -10.0% 7.5% 27.9%
Operating income CAGR (3Y) – 5.0% –
Net income growth (1Y) -17.9% 7.5% -3.9%
Net income CAGR (3Y) 52.5% 4.7% –
EPS growth (1Y) -19.4% 7.7% -3.0%
EPS CAGR (3Y) 47.4% 5.3% –
Operating cash flow growth (1Y) 14.6% 0.6% -16.0%
Operating cash flow CAGR (3Y) 4.4% 6.9% –
Free cash flow growth (1Y) -1.1% -17.8% -14.7%
Free cash flow CAGR (3Y) -5.1% -9.0% –

Profitability

14 metrics
MetricTRPEPDPBA
Gross margin 98.5% – 42.1%
EBITDA margin 78.8% 17.6% 48.5%
Operating margin 60.7% 13.4% 36.1%
Pretax margin 34.9% 10.9% 28.2%
Net margin 21.9% 10.8% 20.1%
FCF margin 85.9% 5.9% 44.5%
Operating cash flow margin 55.2% 15.2% 37.0%
Return on equity 12.6% 20.7% 10.1%
Return on assets – 7.8% 4.7%
Return on invested capital 12.4% 12.2% 8.3%
Return on capital employed – 12.3% –
Asset turnover – 0.7x 0.2x
Cash conversion (OCF / net income) 2.1x 1.4x 1.7x
Stock comp / revenue 0.0% – 1.4%

Financial Health

11 metrics
MetricTRPEPDPBA
Debt / assets – 40.6% 33.3%
Debt / equity 0.6x 1.1x 0.7x
Net debt / EBITDA 1.2x 3.2x 3.1x
Debt / FCF 1.2x 9.6x 3.5x
Liabilities / assets – 62.0% 52.9%
Equity / assets – 38.0% 47.1%
Interest coverage 2.8x 5.2x 4.6x
Current ratio – 0.9x –
Quick ratio – 0.6x –
Cash ratio – 0.0x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricTRPEPDPBA
Dividend yield 5.6% 6.0% 5.7%
Net buyback yield -0.1% 0.5% -0.7%
Shareholder yield 5.5% 6.5% 5.0%
Payout ratio (earnings) 87.7% 74.4% –
Payout ratio (FCF) 26.7% 136.9% –
Dividend growth (1Y) 3.8% 3.1% –
Dividend CAGR (3Y) -8.5% 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.

ConsensusTRPEPDPBA
Forward P/E 24.6xFY2026 12.9xFY2026 21.6xFY2026
EPS, next fiscal year $2.54FY2026 $2.87FY2026 $2.33FY2026
EPS growth, next FY -0.8%FY2026 +7.9%FY2026 +20.1%FY2026
EPS growth, the year after +15.0% +17.1% +0.4%
Revenue, next fiscal year $10.85BFY2026 $66.68BFY2026 $6.58BFY2026
Revenue growth, next FY -2.2%FY2026 +26.8%FY2026 +16.3%FY2026
Revenue growth, the year after +4.3% +2.5% -6.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRPEPDPBA
Held by institutions 65.7% 24.8% –
Institutions holding 696 1,580 –
Change in shares held, QoQ -5.0% +0.8% –
Institutions buying 328 670 –
Institutions selling 216 435 –
Buyers to sellers 1.52 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.

TRPEPDPBA
TRP 1.00 0.48 0.71
EPD 0.48 1.00 0.57
PBA 0.71 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRP, EPD and PBA?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Tc Energy (TRP) $65.36B, Enterprise Products Partners (EPD) $80.25B, Pembina Pipeline (PBA) $29.02B.

Which stock is cheaper, TRP, EPD and PBA?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Tc Energy (TRP) 26.6x, Enterprise Products Partners (EPD) 12.7x, Pembina Pipeline (PBA) 18.4x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Tc Energy (TRP) 24.6x, Enterprise Products Partners (EPD) 12.9x, Pembina Pipeline (PBA) 21.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enterprise Products Partners (EPD) grew revenue fastest over the trailing twelve months: Tc Energy (TRP) -1.0%, Enterprise Products Partners (EPD) +6.8%, Pembina Pipeline (PBA) +0.9%.

Which company is more profitable?

Tc Energy (TRP) has the highest net margin (Tc Energy (TRP) 21.9%, Enterprise Products Partners (EPD) 10.8%, Pembina Pipeline (PBA) 20.1%). On return on invested capital, Tc Energy (TRP) leads (Tc Energy (TRP) 12.4%, Enterprise Products Partners (EPD) 12.2%, Pembina Pipeline (PBA) 8.3%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Tc Energy (TRP) +23.9%, Enterprise Products Partners (EPD) +19.3%, Pembina Pipeline (PBA) +32.3%. Over five years, Enterprise Products Partners (EPD) compounded fastest (Tc Energy (TRP) +2.8%/yr, Enterprise Products Partners (EPD) +9.2%/yr, Pembina Pipeline (PBA) +8.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Tc Energy (TRP) -0.04%, Enterprise Products Partners (EPD) 0.06%, Pembina Pipeline (PBA) 0.00%. Tc Energy (TRP) and Pembina Pipeline (PBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Tc Energy (TRP) 19.7%, Enterprise Products Partners (EPD) 18.5%, Pembina Pipeline (PBA) 20.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRP, EPD 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, Enterprise Products Partners (EPD) 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.