EPD vs ET
Enterprise Products Partners L.p. and Energy Transfer LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | EPD | ET |
|---|---|---|
| Revenue | $52.6B | $85.5B |
| Net income | $5.8B | $4.4B |
| Gross margin | 26.7% | 25.8% |
| Net margin | 11.2% | 6.7% |
| Return on equity | · | 9.3% |
| Diluted EPS | · | · |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $3.0B | $3.8B |
| Equity | · | · |
| Net debt / equity | · | 1.37× |
| Current ratio | 1.04× | 1.22× |
| Revenue CAGR 5y | 14.1% | 17.0% |
| Profit CAGR 5y | 9.0% | · |
ET bills 1.6× the revenue of EPD, and EPD keeps more of each dollar of revenue as profit (11.2% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | EPD | ET |
|---|---|---|
| FY2025 | $52.6B | $85.5B |
| FY2024 | $56.2B | $82.7B |
| FY2023 | $49.7B | $78.6B |
| FY2022 | $58.2B | $89.9B |
| FY2021 | $40.8B | $67.4B |
| FY2020 | $27.2B | $39.0B |
| FY2019 | $32.8B | $54.2B |
| FY2018 | $36.5B | $54.1B |
| FY2017 | $29.2B | $40.5B |
| FY2016 | $23.0B | $31.8B |
Bottom line
| Fiscal year | EPD | ET |
|---|---|---|
| FY2025 | $5.8B | $4.4B |
| FY2024 | $5.9B | $4.8B |
| FY2023 | $5.5B | $3.9B |
| FY2022 | $5.5B | $4.8B |
| FY2021 | $4.6B | $5.5B |
| FY2020 | $3.8B | $-648.0M |
| FY2019 | $4.6B | $3.5B |
| FY2018 | $4.2B | $1.7B |
| FY2017 | $2.8B | $954.0M |
| FY2016 | $2.5B | $995.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$32,940,000,000 | ET |
| FY2024 | −$26,452,000,000 | ET |
| FY2023 | −$28,871,000,000 | ET |
| FY2022 | −$31,690,000,000 | ET |
| FY2021 | −$26,610,000,000 | ET |
| FY2020 | −$11,754,000,000 | ET |
| FY2019 | −$21,423,800,000 | ET |
| FY2018 | −$17,552,800,000 | ET |
| FY2017 | −$11,281,500,000 | ET |
| FY2016 | −$8,769,700,000 | ET |
| FY2015 | −$9,068,100,000 | ET |
| FY2014 | −$7,739,800,000 | ET |
| FY2013 | −$608,000,000 | ET |
| FY2012 | +$25,619,100,000 | EPD |
| FY2011 | +$36,123,000,000 | EPD |
| FY2010 | +$27,183,300,000 | EPD |
| FY2009 | +$20,093,605,000 | EPD |
| FY2008 | +$26,176,233,000 | EPD |
The higher-revenue side has changed between EPD and ET over this period. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.5 pp | EPD |
| FY2024 | +2.7 pp | EPD |
| FY2023 | +4.6 pp | EPD |
| FY2022 | +3.1 pp | EPD |
| FY2021 | +1.7 pp | EPD |
| FY2020 | +13.9 pp | EPD |
| FY2019 | +5.4 pp | EPD |
| FY2018 | +5.3 pp | EPD |
| FY2017 | +3.9 pp | EPD |
| FY2016 | +11.1 pp | EPD |
| FY2015 | +6.5 pp | EPD |
| FY2014 | +3.9 pp | EPD |
| FY2009 | −8.4 pp | ET |
The higher net margin has changed hands between EPD and ET over this period.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ET's net margin has been more volatile than EPD's over the 13 comparable fiscal years — 3.6 percentage points of standard deviation against 2.7.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between EPD and ET over these 13 fiscal years — EPD led in 12 and ET in 1.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.