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NGL vs CAPL
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Refining & Marketing
NGL vs CAPL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Refining & Marketing |
| Market Cap | $1.97B | $790M |
| Revenue (TTM) | $3.03B | $4.62B |
| Net Income (TTM) | $159M | $60M |
| Gross Margin | 46.8% | 8.5% |
| Operating Margin | 13.3% | 2.6% |
| Forward P/E | 46.8x | 48.2x |
| Total Debt | $3.08B | $908M |
| Cash & Equiv. | $6M | $3M |
NGL vs CAPL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NGL Energy Partners… (NGL) | 100 | 312.0 | +212.0% |
| CrossAmerica Partne… (CAPL) | 100 | 137.2 | +37.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NGL vs CAPL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NGL carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 2 yrs, beta 0.67, yield 14.5%
- Beta 0.67, yield 14.5%, current ratio 1.30x
- Lower P/E (46.8x vs 48.2x)
CAPL is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth -10.6%, EPS growth 109.6%, 3Y rev CAGR -9.7%
- 87.2% 10Y total return vs NGL's 71.0%
- Lower volatility, beta 0.06, current ratio 0.72x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -10.6% revenue growth vs NGL's -16.5% | |
| Value | Lower P/E (46.8x vs 48.2x) | |
| Quality / Margins | 5.3% margin vs CAPL's 1.3% | |
| Stability / Safety | Beta 0.06 vs NGL's 0.67 | |
| Dividends | 14.5% yield, 2-year raise streak, vs CAPL's 10.1% | |
| Momentum (1Y) | +426.8% vs CAPL's -0.0% | |
| Efficiency (ROA) | 6.0% ROA vs NGL's 3.6%, ROIC 18.1% vs 6.4% |
NGL vs CAPL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NGL vs CAPL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NGL leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CAPL is the larger business by revenue, generating $4.6B annually — 1.5x NGL's $3.0B. Profitability is closely matched — net margins range from 5.3% (NGL) to 1.3% (CAPL). On growth, NGL holds the edge at -41.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.0B | $4.6B |
| EBITDAEarnings before interest/tax | $672M | $200M |
| Net IncomeAfter-tax profit | $159M | $60M |
| Free Cash FlowCash after capex | $291M | $75M |
| Gross MarginGross profit ÷ Revenue | +46.8% | +8.5% |
| Operating MarginEBIT ÷ Revenue | +13.3% | +2.6% |
| Net MarginNet income ÷ Revenue | +5.3% | +1.3% |
| FCF MarginFCF ÷ Revenue | +9.6% | +1.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -41.3% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.2% | +2.4% |
Valuation Metrics
CAPL leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, CAPL's 5.7x EV/EBITDA is more attractive than NGL's 8.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.0B | $790M |
| Enterprise ValueMkt cap + debt − cash | $5.0B | $1.7B |
| Trailing P/EPrice ÷ TTM EPS | -26.52x | 19.01x |
| Forward P/EPrice ÷ next-FY EPS est. | 46.79x | 48.19x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.46x | 5.73x |
| Price / SalesMarket cap ÷ Revenue | 0.57x | 0.22x |
| Price / BookPrice ÷ Book value/share | 3.01x | — |
| Price / FCFMarket cap ÷ FCF | 38.14x | 14.17x |
Profitability & Efficiency
CAPL leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), NGL scores 7/9 vs CAPL's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +132.6% | — |
| ROA (TTM)Return on assets | +3.6% | +6.0% |
| ROICReturn on invested capital | +6.4% | +18.1% |
| ROCEReturn on capital employed | +8.3% | +23.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 4.42x | — |
| Net DebtTotal debt minus cash | $3.1B | $905M |
| Cash & Equiv.Liquid assets | $6M | $3M |
| Total DebtShort + long-term debt | $3.1B | $908M |
| Interest CoverageEBIT ÷ Interest expense | 2.15x | 1.86x |
Total Returns (Dividends Reinvested)
NGL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NGL five years ago would be worth $75,047 today (with dividends reinvested), compared to $15,512 for CAPL. Over the past 12 months, NGL leads with a +426.8% total return vs CAPL's -0.0%. The 3-year compound annual growth rate (CAGR) favors NGL at 79.7% vs CAPL's 9.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +60.7% | +5.6% |
| 1-Year ReturnPast 12 months | +426.8% | -0.0% |
| 3-Year ReturnCumulative with dividends | +480.7% | +31.8% |
| 5-Year ReturnCumulative with dividends | +650.5% | +55.1% |
| 10-Year ReturnCumulative with dividends | +71.0% | +87.2% |
| CAGR (3Y)Annualised 3-year return | +79.7% | +9.6% |
Risk & Volatility
Evenly matched — NGL and CAPL each lead in 1 of 2 comparable metrics.
Risk & Volatility
CAPL is the less volatile stock with a 0.06 beta — it tends to amplify market swings less than NGL's 0.67 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NGL currently trades 95.3% from its 52-week high vs CAPL's 87.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.67x | 0.06x |
| 52-Week HighHighest price in past year | $16.69 | $23.62 |
| 52-Week LowLowest price in past year | $2.98 | $19.61 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +87.7% |
| RSI (14)Momentum oscillator 0–100 | 71.2 | 44.0 |
| Avg Volume (50D)Average daily shares traded | 239K | 55K |
Analyst Outlook
NGL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates NGL as "Hold" and CAPL as "Hold". For income investors, NGL offers the higher dividend yield at 14.54% vs CAPL's 10.13%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $2.00 | — |
| # AnalystsCovering analysts | 17 | 15 |
| Dividend YieldAnnual dividend ÷ price | +14.5% | +10.1% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $2.31 | $2.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
NGL leads in 3 of 6 categories (Income & Cash Flow, Total Returns). CAPL leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
NGL vs CAPL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NGL or CAPL a better buy right now?
For growth investors, CrossAmerica Partners LP (CAPL) is the stronger pick with -10.
6% revenue growth year-over-year, versus -16. 5% for NGL Energy Partners LP (NGL). CrossAmerica Partners LP (CAPL) offers the better valuation at 19. 0x trailing P/E (48. 2x forward), making it the more compelling value choice. Analysts rate NGL Energy Partners LP (NGL) a "Hold" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NGL or CAPL?
On forward P/E, NGL Energy Partners LP is actually cheaper at 46.
8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — NGL or CAPL?
Over the past 5 years, NGL Energy Partners LP (NGL) delivered a total return of +650.
5%, compared to +55. 1% for CrossAmerica Partners LP (CAPL). Over 10 years, the gap is even starker: CAPL returned +87. 2% versus NGL's +71. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NGL or CAPL?
By beta (market sensitivity over 5 years), CrossAmerica Partners LP (CAPL) is the lower-risk stock at 0.
06β versus NGL Energy Partners LP's 0. 67β — meaning NGL is approximately 1105% more volatile than CAPL relative to the S&P 500.
05Which is growing faster — NGL or CAPL?
By revenue growth (latest reported year), CrossAmerica Partners LP (CAPL) is pulling ahead at -10.
6% versus -16. 5% for NGL Energy Partners LP (NGL). On earnings-per-share growth, the picture is similar: CrossAmerica Partners LP grew EPS 109. 6% year-over-year, compared to 72. 0% for NGL Energy Partners LP. Over a 3-year CAGR, CAPL leads at -9. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NGL or CAPL?
CrossAmerica Partners LP (CAPL) is the more profitable company, earning 1.
1% net margin versus 1. 1% for NGL Energy Partners LP — meaning it keeps 1. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NGL leads at 9. 5% versus 5. 6% for CAPL. At the gross margin level — before operating expenses — NGL leads at 20. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NGL or CAPL more undervalued right now?
On forward earnings alone, NGL Energy Partners LP (NGL) trades at 46.
8x forward P/E versus 48. 2x for CrossAmerica Partners LP — 1. 4x cheaper on a one-year earnings basis.
08Which pays a better dividend — NGL or CAPL?
All stocks in this comparison pay dividends.
NGL Energy Partners LP (NGL) offers the highest yield at 14. 5%, versus 10. 1% for CrossAmerica Partners LP (CAPL).
09Is NGL or CAPL better for a retirement portfolio?
For long-horizon retirement investors, CrossAmerica Partners LP (CAPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
06), 10. 1% yield). Both have compounded well over 10 years (CAPL: +87. 2%, NGL: +71. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NGL and CAPL?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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