Enterprise Products Partners L.P. (EPD) Financial Ratios
28 years of historical data (1998–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
12.06
↑+21% vs avg
5yr avg: 9.94
30Y Low6.9·High22.2
P/FCF
↑
27.38
↑+88% vs avg
5yr avg: 14.55
30Y Low7.7·High135.7
P/B Ratio
↑
2.69
↑+30% vs avg
5yr avg: 2.07
30Y Low1.0·High4.0
ROE
↑
19.3%
-1% vs avg
5yr avg: 19.5%
30Y Low2%·High25%
Debt/EBITDA
↓
3.67
+6% vs avg
5yr avg: 3.45
30Y Low1.3·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EPD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Enterprise Products Partners L.P. trades at 14.1x earnings, 30% above its 5-year average of 10.9x, sitting at the 43rd percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a discount of 16%. On a free-cash-flow basis, the stock trades at 27.4x P/FCF, 88% above the 5-year average of 14.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $81.2B | $70.1B | $68.7B | $57.8B | $53.0B | $48.4B | $43.1B | $62.0B | $53.8B | $57.1B | $57.3B |
| Enterprise Value | $114.9B | $103.8B | $100.4B | $86.7B | $81.6B | $75.4B | $72.3B | $89.5B | $79.6B | $81.7B | $80.9B |
| P/E Ratio → | 14.12 | 12.05 | 11.66 | 10.46 | 9.65 | 10.46 | 11.46 | 13.47 | 12.87 | 20.39 | 22.72 |
| P/S Ratio | 1.54 | 1.33 | 1.22 | 1.16 | 0.91 | 1.19 | 1.59 | 1.89 | 1.47 | 1.95 | 2.49 |
| P/B Ratio | 2.69 | 2.29 | 2.32 | 2.01 | 1.91 | 1.83 | 1.70 | 2.40 | 2.21 | 2.51 | 2.57 |
| P/FCF | 27.38 | 23.66 | 19.25 | 13.44 | 8.73 | 7.69 | 16.57 | 31.17 | 28.26 | 37.61 | 54.97 |
| P/OCF | 9.46 | 8.17 | 8.47 | 7.64 | 6.60 | 5.68 | 7.32 | 9.51 | 8.78 | 12.24 | 14.08 |
P/E links to full P/E history page with 30-year chart
EPD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Enterprise Products Partners L.P.'s enterprise value stands at 12.1x EBITDA, 21% above its 5-year average of 9.9x. The Energy sector median is 8.1x, placing the stock at a 48% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.97 | 1.79 | 1.74 | 1.40 | 1.85 | 2.66 | 2.73 | 2.18 | 2.79 | 3.51 |
| EV / EBITDA | 12.06 | 10.90 | 10.54 | 9.63 | 9.19 | 9.46 | 10.51 | 11.44 | 11.06 | 14.66 | 15.76 |
| EV / EBIT | 16.64 | 14.22 | 13.58 | 12.43 | 11.76 | 12.35 | 14.31 | 14.97 | 14.76 | 21.13 | 22.73 |
| EV / FCF | — | 35.02 | 28.12 | 20.15 | 13.43 | 11.99 | 27.76 | 44.98 | 41.83 | 53.79 | 77.66 |
EPD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Enterprise Products Partners L.P. earns an operating margin of 13.1%, roughly in line with the Energy sector average. ROE of 19.3% indicates solid capital efficiency, compared to the sector median of 7.9%. ROIC of 8.3% represents adequate returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.6% | 13.6% | 12.8% | 13.5% | 11.6% | 14.6% | 21.0% | 17.6% | 14.2% | 12.7% | 14.9% |
| Operating Margin | 13.1% | 13.1% | 13.1% | 13.9% | 11.9% | 15.0% | 18.5% | 18.5% | 14.8% | 13.4% | 15.6% |
| Net Profit Margin | 11.1% | 11.1% | 10.5% | 11.1% | 9.4% | 11.4% | 13.9% | 14.0% | 11.4% | 9.6% | 10.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | 20.2% | 19.6% | 20.3% | 17.9% | 14.7% | 18.3% | 17.7% | 12.4% | 11.8% |
| ROA | 7.5% | 7.5% | 8.0% | 8.0% | 8.1% | 7.0% | 6.0% | 7.7% | 7.5% | 5.3% | 5.0% |
| ROIC | 8.3% | 8.3% | 9.3% | 9.1% | 9.4% | 8.5% | 7.0% | 8.8% | 8.3% | 6.3% | 6.0% |
| ROCE | 10.9% | 10.9% | 12.2% | 12.2% | 12.4% | 11.0% | 9.3% | 11.9% | 11.4% | 8.8% | 8.4% |
EPD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Enterprise Products Partners L.P. carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (52% above the sector average of 2.4x). Net debt stands at $33.7B ($34.9B total debt minus $1.2B cash). Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.14 | 1.14 | 1.09 | 1.01 | 1.03 | 1.13 | 1.19 | 1.08 | 1.08 | 1.08 | 1.06 |
| Debt / EBITDA | 3.67 | 3.67 | 3.38 | 3.23 | 3.22 | 3.75 | 4.39 | 3.55 | 3.64 | 4.41 | 4.62 |
| Net Debt / Equity | — | 1.10 | 1.07 | 1.00 | 1.03 | 1.02 | 1.15 | 1.06 | 1.06 | 1.08 | 1.06 |
| Net Debt / EBITDA | 3.53 | 3.53 | 3.32 | 3.21 | 3.22 | 3.39 | 4.24 | 3.51 | 3.59 | 4.41 | 4.60 |
| Debt / FCF | — | 11.36 | 8.87 | 6.71 | 4.70 | 4.30 | 11.19 | 13.81 | 13.57 | 16.18 | 22.69 |
| Interest Coverage | 5.21 | 5.21 | 5.44 | 5.50 | 5.58 | 4.76 | 3.92 | 4.81 | 4.92 | 3.93 | 3.62 |
EPD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Enterprise Products Partners L.P. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.74x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.93x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.00 | 0.93 | 0.86 | 1.14 | 1.10 | 0.86 | 0.85 | 0.70 | 0.79 |
| Quick Ratio | 0.74 | 0.74 | 0.74 | 0.68 | 0.66 | 0.91 | 0.73 | 0.63 | 0.63 | 0.53 | 0.58 |
| Cash Ratio | 0.13 | 0.13 | 0.04 | 0.01 | 0.01 | 0.24 | 0.12 | 0.04 | 0.05 | 0.00 | 0.01 |
| Asset Turnover | — | 0.68 | 0.73 | 0.70 | 0.85 | 0.60 | 0.42 | 0.53 | 0.64 | 0.54 | 0.44 |
| Inventory Turnover | 11.70 | 11.70 | 12.39 | 12.83 | 20.15 | 13.00 | 6.50 | 12.92 | 20.60 | 15.85 | 11.07 |
| Days Sales Outstanding | — | 45.11 | 59.99 | 57.06 | 43.75 | 62.50 | 64.52 | 54.28 | 36.59 | 54.43 | 52.80 |
EPD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Enterprise Products Partners L.P. returns 6.1% to shareholders annually — split between a 5.7% dividend yield and 0.4% buyback yield. The payout ratio of 80.5% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 7.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.7% | 6.7% | 6.6% | 7.4% | 7.7% | 8.1% | 9.0% | 6.2% | 6.9% | 6.3% | 5.8% |
| Payout Ratio | 80.5% | 80.5% | 76.5% | 77.7% | 74.6% | 84.7% | 103.0% | 83.6% | 89.3% | 127.5% | 131.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 8.3% | 8.6% | 9.6% | 10.4% | 9.6% | 8.7% | 7.4% | 7.8% | 4.9% | 4.4% |
| FCF Yield | 3.7% | 4.2% | 5.2% | 7.4% | 11.5% | 13.0% | 6.0% | 3.2% | 3.5% | 2.7% | 1.8% |
| Buyback Yield | 0.4% | 0.4% | 0.3% | 0.3% | 0.5% | 0.4% | 0.4% | 0.1% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.1% | 7.1% | 6.9% | 7.8% | 8.2% | 8.6% | 9.5% | 6.3% | 7.0% | 6.3% | 5.8% |
| Shares Outstanding | — | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B | $2.1B |
Peer Comparison
Compare EPD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EPDYou | $81B | 14.1 | 12.1 | 27.4 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 ET | $68B | 14.7 | 9.4 | 17.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 PAA | $16B | 30.4 | 10.5 | 8.4 | 3.4% | 2.4% | 5.8% | 4.2% | 3.6 |
 MPLX | $57B | 11.5 | 13.2 | 13.8 | 45.2% | 40.3% | 34.4% | 9.9% | 4.3 |
 WES | $17B | 13.8 | 10.9 | 11.5 | 68.5% | 41.3% | 31.0% | 10.5% | 3.9 |
 TRGP | $54B | 29.3 | 14.3 | 13.7 | 26.5% | 20.1% | 48.4% | 13.3% | 3.5 |
 KMI | $70B | 23.1 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 WMB | $90B | 34.5 | 17.7 | 89.8 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
 OKE | $54B | 15.8 | 10.2 | 22.0 | 21.5% | 20.7% | 15.2% | 9.6% | 3.9 |
 DT | $11B | 24.0 | 46.2 | 26.4 | 81.2% | 10.6% | 20.9% | 9.0% | 0.3 |
 HESM | $8B | 13.4 | 9.6 | 10.9 | 63.9% | 62.2% | 78.1% | 18.6% | 3.1 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
Full EPD Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Side-by-side business, growth, and profitability comparison vs Energy Transfer LP.
Start ComparisonEPD — Frequently Asked Questions
Quick answers to the most common questions about buying EPD stock.
What is Enterprise Products Partners L.P.'s P/E ratio?
Enterprise Products Partners L.P.'s current P/E ratio is 14.1x. The historical average is 27.3x. This places it at the 43th percentile of its historical range.
What is Enterprise Products Partners L.P.'s EV/EBITDA?
Enterprise Products Partners L.P.'s current EV/EBITDA is 12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Enterprise Products Partners L.P.'s ROE?
Enterprise Products Partners L.P.'s return on equity (ROE) is 19.3%. The historical average is 13.8%.
Is EPD stock overvalued?
Based on historical data, Enterprise Products Partners L.P. is trading at a P/E of 14.1x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Enterprise Products Partners L.P.'s dividend yield?
Enterprise Products Partners L.P.'s current dividend yield is 5.69% with a payout ratio of 80.5%.
What are Enterprise Products Partners L.P.'s profit margins?
Enterprise Products Partners L.P. has 13.6% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Enterprise Products Partners L.P. have?
Enterprise Products Partners L.P.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.