WBI vs ET vs MPLX Stock Comparison

WaterBridge Infrastructure, Energy Transfer and Mplx Prices as of Oct 27, 2026 Peers: Industry group
ET Energy Transfer LP
$20.45 +1.2% 1M +20.9% 1Y
Market cap
$71.25B
P/E
14.1x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
4 wins
MPLX Mplx Lp
$58.09 +2.3% 1M +14.3% 1Y
Market cap
$59.50B
P/E
12.6x
Revenue (TTM)
$13.22B
Div. yield
0.07%
Oil and Gas Pipelines Energy
6 wins

Head to Head

12 decided of 12

Mplx leads on 6 of the 12 questions below (Mplx 6, Energy Transfer 4, WaterBridge Infrastructure 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWBIETMPLXLeader
Larger companyMarket capitalisation $1.49B $71.25B $59.50B ET
Cheaper on earningsLower P/E, profitable companies only 31.1x 14.1x 12.6x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 48.9x 11.4x 14.2x ET
Faster revenue growthRevenue growth, trailing twelve months +110.0% +33.3% +8.7% WBI
More profitableNet margin, trailing twelve months 6.2% 4.7% 35.8% MPLX
Better return on capitalReturn on invested capital 3.6% 8.4% 14.6% MPLX
Less leveragedLower net debt / EBITDA 4.3x 4.0x 3.4x MPLX
Higher dividend yieldTrailing dividend yield 0.00% 0.07% 0.07% MPLX
Better 1-year returnPrice return, last 12 months +23.0% +20.9% +14.3% WBI
Better 5-year returnAnnualised price return, 5 years — +16.1%/yr +13.8%/yr ET
Less volatileAnnualised volatility, 1 year 45.2% 17.4% 17.1% MPLX
Higher overall scoreMean of the five percentile scores vs peers 41/100 62/100 59/100 ET

Percentile Scorecard

WBIETMPLX

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

AxisWBIETMPLX
Valuation 9 #32 of 35 94 #3 of 35 41 #21 of 35
Growth 100 #1 of 34 61 #14 of 34 27 #25 of 34
Profitability 21 #27 of 34 30 #24 of 34 94 #3 of 34
Financial Health 74 #10 of 35 59 #15 of 35 62 #14 of 35
Shareholder Returns 0 #31 of 31 67 #11 of 31 70 #10 of 31
Overall 41 62 59
  • WBI ranked among 35 companies in Oil and Gas Midstream
  • ET ranked among 35 companies in Oil and Gas Midstream
  • MPLX 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

PeriodWBIETMPLXSPY
1 month +0.2%+1.2%+2.3% -0.2%
3 months -6.5%+1.2%-1.9% +3.9%
6 months +4.4%+5.4%+5.5% +8.2%
Year to date +49.2%+24.0%+8.8% +12.9%
1 year +23.0%+20.9%+14.3% +12.3%
3 years —+56.0%+62.8% +87.4%
3 years, per year —+16.0%+17.6% +23.3%
5 years —+111.3%+90.5% +67.9%
5 years, per year —+16.1%+13.8% +10.9%
10 years —+33.2%+72.4% +261.1%
10 years, per year —+2.9%+5.6% +13.7%

Risk

MeasureWBIETMPLXSPY
Volatility, 1Y 45.2%17.4%17.1% 12.7%
Downside volatility, 1Y 47.1%16.6%17.9% 12.7%
Beta vs S&P 500, 1Y 0.32-0.21-0.05 1.00
Return / volatility, 1Y 0.511.200.84 0.97
Max drawdown, 5Y -30.7%-25.8%-20.1% -25.4%
From 52-week high -17.6%-5.9%-3.9% -1.2%
52-week high $36.22$21.74$60.43 $779.14
52-week low $18.76$16.21$50.29 $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.

MultipleWBIETMPLX
P/E now vs peer median 30.4xmedian 20.9x 13.9xmedian 20.9x 12.5xmedian 20.9x
P/S now vs peer median 4.7xmedian 2.7x 0.7xmedian 2.7x 4.5xmedian 2.7x
EV/EBITDA now vs peer median 14.3xmedian 11.0x 8.2xmedian 11.0x 11.4xmedian 11.0x
P/FCF now vs peer median -30.1xmedian 16.5x 13.5xmedian 16.5x 17.7xmedian 16.5x
P/B now vs peer median 2.0xmedian 2.6x 1.4xmedian 2.6x 4.1xmedian 2.6x
PEG now vs peer median —median 1.95 2.00median 1.95 2.39median 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 monthsWBIETMPLX
Revenue $777.97M $107.38B $13.22B
Gross profit $205.03M $25.32B $11.61B
Operating income $126.63M $10.78B $5.88B
Net income $53.91M $7.04B $4.77B
Free cash flow -$122.30M $5.22B $3.34B
EPS (diluted) $0.98 $1.46 $4.66
Cash & equivalents $47.62M $1.02B $1.03B
Total debt $1.62B $68.41B $26.01B
Shares (diluted) 48.76M 3.46B 1.02B
Enterprise value $1.33B $64.44B $53.06B

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
MetricWBIETMPLX
P/E 30.4x 13.9x 12.5x
P/FCF -30.1x 13.5x 17.7x
P/Operating cash flow 14.1x 5.8x 9.9x
P/S 4.7x 0.7x 4.5x
P/B 2.0x 1.4x 4.1x
P/Tangible book 4.1x 1.6x 4.6x
EV/EBITDA 14.3x 8.2x 11.4x
EV/EBIT 41.5x 12.8x 14.3x
EV/Revenue 6.8x 1.3x 6.3x
EV/FCF -43.0x 26.4x 25.1x
EV/Operating cash flow 20.2x 11.4x 14.0x
PEG (3Y EPS CAGR) – 2.00 2.39

Growth

14 metrics
MetricWBIETMPLX
Revenue growth (1Y) 110.0% 33.3% 8.7%
Revenue CAGR (3Y) – 10.0% 4.9%
Gross profit growth (1Y) 85.4% 18.9% 9.5%
Gross profit CAGR (3Y) – 13.2% 2.5%
Operating income growth (1Y) 89.5% 16.5% 11.4%
Operating income CAGR (3Y) – 12.0% 4.8%
Net income growth (1Y) 325.5% 16.1% 9.6%
Net income CAGR (3Y) – 9.0% 4.7%
EPS growth (1Y) – 12.6% 10.6%
EPS CAGR (3Y) – 7.0% 5.2%
Operating cash flow growth (1Y) – 8.8% -1.6%
Operating cash flow CAGR (3Y) – 5.9% 5.6%
Free cash flow growth (1Y) – -8.5% -32.1%
Free cash flow CAGR (3Y) – -7.3% -6.8%

Profitability

14 metrics
MetricWBIETMPLX
Gross margin 26.4% 23.6% 87.8%
EBITDA margin 47.3% 15.7% 55.4%
Operating margin 16.3% 10.0% 44.4%
Pretax margin 7.2% 7.1% 36.1%
Net margin 6.2% 4.7% 35.8%
FCF margin -15.7% 4.9% 25.2%
Operating cash flow margin 33.5% 11.3% 45.2%
Return on equity 2.9% 14.0% 33.4%
Return on assets 1.4% 4.8% 11.1%
Return on invested capital 3.6% 8.4% 14.6%
Return on capital employed 3.4% 8.4% 14.8%
Asset turnover 0.2x 0.7x 0.3x
Cash conversion (OCF / net income) 4.8x 1.7x 1.3x
Stock comp / revenue 2.3% 0.2% –

Financial Health

11 metrics
MetricWBIETMPLX
Debt / assets 41.0% 46.2% 60.5%
Debt / equity 0.9x 1.4x 1.8x
Net debt / EBITDA 4.3x 4.0x 3.4x
Debt / FCF -13.2x 13.1x 7.8x
Liabilities / assets 53.6% 65.9% 66.8%
Equity / assets 46.4% 34.1% 33.2%
Interest coverage – 2.9x 5.3x
Current ratio 1.5x 1.2x 0.9x
Quick ratio 1.5x 0.9x 0.8x
Cash ratio 0.3x 0.1x 0.3x
Altman Z-score 1.38 – –

Shareholder Returns

7 metrics
MetricWBIETMPLX
Dividend yield 0.5% 6.6% 7.4%
Net buyback yield – – 0.5%
Shareholder yield 0.5% 6.6% 7.9%
Payout ratio (earnings) – 67.9% 89.3%
Payout ratio (FCF) – 91.6% 127.5%
Dividend growth (1Y) – 2.9% 12.3%
Dividend CAGR (3Y) – 8.0% 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.

ConsensusWBIETMPLX
Forward P/E 48.9xFY2026 11.4xFY2026 14.2xFY2026
EPS, next fiscal year $0.61FY2026 $1.80FY2026 $4.10FY2026
EPS growth, next FY – +48.8%FY2026 -14.9%FY2026
EPS growth, the year after +4.9% -9.4% +13.7%
Revenue, next fiscal year $858.29MFY2026 $124.23BFY2026 $13.68BFY2026
Revenue growth, next FY +8.6%FY2026 +45.2%FY2026 +5.2%FY2026
Revenue growth, the year after +19.5% +1.4% -4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWBIETMPLX
Held by institutions 100.0% 31.4% 18.8%
Institutions holding 164 1,280 625
Change in shares held, QoQ +29.4% +1.9% -3.3%
Institutions buying 101 628 301
Institutions selling 41 340 144
Buyers to sellers 2.46 1.85 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.

WBIETMPLX
WBI 1.00 0.39 0.20
ET 0.39 1.00 0.48
MPLX 0.20 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WBI, ET and MPLX?

Energy Transfer (ET) is the largest by market capitalisation: WaterBridge Infrastructure (WBI) $1.49B, Energy Transfer (ET) $71.25B, Mplx (MPLX) $59.50B.

Which stock is cheaper, WBI, ET and MPLX?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (WaterBridge Infrastructure (WBI) 31.1x, Energy Transfer (ET) 14.1x, Mplx (MPLX) 12.6x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (WaterBridge Infrastructure (WBI) 48.9x, Energy Transfer (ET) 11.4x, Mplx (MPLX) 14.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

WaterBridge Infrastructure (WBI) grew revenue fastest over the trailing twelve months: WaterBridge Infrastructure (WBI) +110.0%, Energy Transfer (ET) +33.3%, Mplx (MPLX) +8.7%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (WaterBridge Infrastructure (WBI) 6.2%, Energy Transfer (ET) 4.7%, Mplx (MPLX) 35.8%). On return on invested capital, Mplx (MPLX) leads (WaterBridge Infrastructure (WBI) 3.6%, Energy Transfer (ET) 8.4%, Mplx (MPLX) 14.6%).

Which stock has performed better?

Over the past year WaterBridge Infrastructure (WBI) returned the most: WaterBridge Infrastructure (WBI) +23.0%, Energy Transfer (ET) +20.9%, Mplx (MPLX) +14.3%. Over five years, Energy Transfer (ET) compounded fastest (Energy Transfer (ET) +16.1%/yr, Mplx (MPLX) +13.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: WaterBridge Infrastructure (WBI) 0.00%, Energy Transfer (ET) 0.07%, Mplx (MPLX) 0.07%. WaterBridge Infrastructure (WBI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (WaterBridge Infrastructure (WBI) 45.2%, Energy Transfer (ET) 17.4%, Mplx (MPLX) 17.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WBI, ET and MPLX?

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 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.