Enterprise Products Partners L.P. (EPD) Key Metrics
EPD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $79.51B
- Enterprise value
- $114.90B
- P/E (TTM)
- 12.8 10-yr median 11.9
- Forward P/E
- 11.9
- PEG ratio
- 1.33
- Price / sales
- 1.4 10-yr median 1.4
- Price / book
- 2.7 10-yr median 2.3
- EV / EBITDA
- 11.1 10-yr median 10.6
- Dividend yield
- 6.08% $2.24 a year
- Beta
- 0.48
EPD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEPD valuation Price multiples at each fiscal year-end price.
EPD returns How much profit the business earns on the capital it uses.
EPD per-share figures Results divided by the shares outstanding at year-end.
EPD financial health Debt, liquidity and how easily interest is covered.
EPD efficiency & capital use Working capital cycle and where the cash goes.
EPD valuation history
EPD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EPD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EPD cash returned to shareholders
EPD price vs earnings per share
EPD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $70.15B | $68.74B | $57.81B | $53.04B | $48.38B | $43.14B | $62.00B | $53.78B | $57.11B | $57.26B |
| Enterprise value | $103.39B | $100.42B | $86.70B | $81.60B | $75.43B | $72.26B | $89.46B | $79.61B | $81.67B | $80.89B |
| P/E ratio | 12.1 | 11.6 | 10.5 | 9.7 | 10.4 | 11.4 | 13.5 | 12.9 | 20.4 | 22.8 |
| Price / sales | 1.3 | 1.2 | 1.2 | 0.9 | 1.2 | 1.6 | 1.9 | 1.5 | 2.0 | 2.5 |
| Price / book | 2.4 | 2.4 | 2.1 | 2.0 | 1.9 | 1.8 | 2.5 | 2.3 | 2.5 | 2.6 |
| Price / free cash flow | 23.7 | 19.2 | 13.4 | 8.7 | 7.7 | 16.6 | 31.2 | 28.3 | 37.6 | 55.0 |
| Price / operating cash flow | 8.2 | 8.5 | 7.6 | 6.6 | 5.7 | 7.3 | 9.5 | 8.8 | 12.2 | 14.1 |
| EV / sales | 2.0 | 1.8 | 1.7 | 1.4 | 1.8 | 2.7 | 2.7 | 2.2 | 2.8 | 3.5 |
| EV / EBITDA | 10.7 | 10.5 | 9.6 | 9.2 | 9.5 | 10.1 | 11.2 | 11.1 | 14.8 | 15.8 |
| EV / free cash flow | 34.9 | 28.1 | 20.1 | 13.4 | 12.0 | 27.8 | 45.0 | 41.8 | 53.8 | 77.7 |
| Earnings yield | 8.3% | 8.6% | 9.6% | 10.4% | 9.6% | 8.8% | 7.4% | 7.8% | 4.9% | 4.4% |
| Free cash flow yield | 4.2% | 5.2% | 7.4% | 11.5% | 13.0% | 6.0% | 3.2% | 3.5% | 2.7% | 1.8% |
| Dividend yield | 6.7% | 6.6% | 7.4% | 7.7% | 8.1% | 9.0% | 6.2% | 6.9% | 6.3% | 5.8% |
| Shareholder yield (dividends + buybacks) | 7.1% | 6.9% | 7.8% | 8.2% | 8.6% | 9.5% | 6.3% | 7.0% | 6.3% | 5.8% |
| Share price at fiscal year-end | $32.06 | $31.36 | $26.35 | $24.12 | $21.96 | $19.59 | $28.16 | $24.59 | $26.51 | $27.04 |
| Per share | ||||||||||
| Revenue per share | $24.04 | $25.65 | $22.66 | $26.46 | $18.52 | $12.35 | $14.89 | $16.71 | $13.57 | $10.87 |
| Earnings per share | $2.66 | $2.69 | $2.52 | $2.50 | $2.11 | $1.71 | $2.09 | $1.91 | $1.30 | $1.19 |
| Operating cash flow per share | $3.92 | $3.70 | $3.45 | $3.66 | $3.86 | $2.68 | $2.96 | $2.80 | $2.17 | $1.92 |
| Free cash flow per share | $1.36 | $1.63 | $1.96 | $2.76 | $2.85 | $1.18 | $0.90 | $0.87 | $0.70 | $0.49 |
| Cash per share | $0.77 | $0.27 | $0.08 | $0.03 | $1.28 | $0.48 | $0.15 | $0.16 | $0.00 | $0.03 |
| Book value per share | $13.59 | $13.11 | $12.61 | $12.11 | $11.50 | $11.06 | $11.25 | $10.91 | $10.47 | $10.41 |
| Tangible book value per share | $9.08 | $8.67 | $8.34 | $7.75 | $7.59 | $7.08 | $7.07 | $6.63 | $6.09 | $5.87 |
| Dividends per share | $2.14 | $2.06 | $1.96 | $1.86 | $1.78 | $1.77 | $1.74 | $1.70 | $1.66 | $1.56 |
| Capex per share | $2.57 | $2.07 | $1.49 | $0.89 | $1.01 | $1.49 | $2.06 | $1.93 | $1.46 | $1.43 |
| Debt per share | $15.96 | $14.72 | $13.25 | $13.02 | $13.56 | $13.71 | $12.63 | $11.97 | $11.40 | $11.19 |
| Shares outstanding | 2.19B | 2.19B | 2.19B | 2.20B | 2.20B | 2.20B | 2.20B | 2.19B | 2.15B | 2.12B |
| Change in shares outstanding | −0.2% | −0.1% | −0.2% | −0.2% | +0.0% | +0.0% | +0.7% | +1.5% | +1.7% | +5.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.9% | 20.9% | 20.4% | 21.1% | 18.7% | 15.4% | 18.9% | 18.0% | 12.6% | 11.9% |
| Return on invested capital (ROIC) | 11.1% | 12.4% | 12.3% | 12.7% | 11.4% | 9.5% | 11.8% | 11.0% | 8.4% | 8.0% |
| Return on assets (ROA) | 7.5% | 8.0% | 8.0% | 8.1% | 7.0% | 6.0% | 7.7% | 7.5% | 5.3% | 5.0% |
| Return on tangible assets | 8.5% | 8.7% | 9.0% | 9.4% | 7.9% | 6.8% | 8.7% | 8.8% | 6.2% | 5.9% |
| Free cash flow margin | 5.6% | 6.4% | 8.7% | 10.4% | 15.4% | 9.6% | 6.1% | 5.2% | 5.2% | 4.5% |
| Income quality (OCF / net income) | 1.48 | 1.38 | 1.37 | 1.46 | 1.84 | 1.56 | 1.42 | 1.47 | 1.67 | 1.62 |
| Financial health | ||||||||||
| Total debt | $34.93B | $32.26B | $29.07B | $28.64B | $29.87B | $30.19B | $27.80B | $26.18B | $24.57B | $23.70B |
| Cash & short-term investments | $1.68B | $583.0M | $180.0M | $76.0M | $2.82B | $1.06B | $334.7M | $344.8M | $5.1M | $63.1M |
| Net debt | $33.25B | $31.68B | $28.89B | $28.56B | $27.05B | $29.13B | $27.46B | $25.83B | $24.56B | $23.63B |
| Debt / equity | 1.17 | 1.12 | 1.05 | 1.08 | 1.18 | 1.24 | 1.12 | 1.10 | 1.09 | 1.07 |
| Debt / assets | 0.45 | 0.42 | 0.41 | 0.42 | 0.44 | 0.47 | 0.45 | 0.46 | 0.45 | 0.45 |
| Net debt / EBITDA | 3.43 | 3.30 | 3.19 | 3.20 | 3.39 | 4.07 | 3.45 | 3.59 | 4.46 | 4.62 |
| Current ratio | 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 | 0.68 | 0.66 | 0.91 | 0.73 | 0.63 | 0.63 | 0.53 | 0.58 |
| Interest coverage | 4.9 | 5.4 | 5.5 | 5.6 | 4.8 | 3.9 | 4.9 | 4.9 | 4.0 | 3.6 |
| Working capital | $528.0M | −$44.0M | −$883.0M | −$1.67B | $1.64B | $921.4M | −$1.27B | −$1.11B | −$2.79B | −$1.72B |
| Invested capital | $62.99B | $60.41B | $56.56B | $55.18B | $52.38B | $53.48B | $52.23B | $49.69B | $47.11B | $45.68B |
| Tangible asset value | $20.62B | $19.87B | $19.38B | $18.13B | $17.84B | $16.62B | $16.63B | $14.94B | $13.34B | $12.66B |
| Net current asset value | −$34.05B | −$32.45B | −$29.98B | −$29.81B | −$27.82B | −$28.82B | −$28.04B | −$26.62B | −$25.14B | −$23.40B |
| Graham number | $28.51 | $28.18 | $26.75 | $26.08 | $23.34 | $20.66 | $22.97 | $21.64 | $17.49 | $16.67 |
| Graham net-net per share | −$17.78 | −$17.38 | −$15.74 | −$15.38 | −$14.38 | −$14.72 | −$14.02 | −$13.18 | −$12.80 | −$12.51 |
| Capital allocation | ||||||||||
| Dividends paid | $4.68B | $4.51B | $4.30B | $4.09B | $3.93B | $3.89B | $3.84B | $3.73B | $3.57B | $3.30B |
| Share buybacks (net) | $300.0M | $219.0M | $188.0M | $250.0M | $213.9M | $186.3M | $81.1M | $30.8M | $0 | $0 |
| Dividend payout ratio | 80.5% | 76.5% | 77.7% | 74.6% | 84.7% | 103.0% | 83.6% | 89.3% | 127.5% | 131.3% |
| Dividends + buybacks / free cash flow | 167.9% | 132.5% | 104.3% | 71.5% | 65.9% | 156.6% | 197.1% | 197.5% | 235.1% | 316.8% |
| Capex / revenue | 10.7% | 8.1% | 6.6% | 3.4% | 5.4% | 12.1% | 13.8% | 11.6% | 10.8% | 13.1% |
| Capex / operating cash flow | 65.5% | 56.0% | 43.1% | 24.4% | 26.1% | 55.8% | 69.5% | 68.9% | 67.5% | 74.4% |
| Capex / depreciation | 2.35 | 2.07 | 1.58 | 0.99 | 1.19 | 1.59 | 2.32 | 2.36 | 1.91 | 1.95 |
| Stock-based compensation / revenue | — | — | 0.3% | 0.3% | 0.4% | 3.0% | 0.9% | 0.3% | 0.3% | 0.4% |
| SG&A / revenue | 0.5% | 0.4% | 0.5% | 0.4% | 0.5% | 0.8% | 0.6% | 0.6% | 0.6% | 0.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 54.6 | 55.2 | 54.1 | 43.8 | 52.8 | 65.0 | 47.5 | 40.1 | 48.0 | 46.8 |
| Days of inventory on hand | 31.5 | 27.2 | 25.1 | 18.6 | 31.3 | 45.8 | 24.4 | 18.2 | 24.2 | 26.2 |
| Days payables outstanding | 9.9 | 9.0 | 8.2 | 4.9 | 7.0 | 14.5 | 14.2 | 11.1 | 8.6 | 11.7 |
| Cash conversion cycle (days) | 76.2 | 73.4 | 71.0 | 57.5 | 77.1 | 96.3 | 57.7 | 47.2 | 63.6 | 61.2 |
| Receivables turnover | 6.68 | 6.61 | 6.74 | 8.33 | 6.92 | 5.62 | 7.68 | 9.11 | 7.60 | 7.80 |
| Payables turnover | 36.87 | 40.46 | 44.37 | 74.85 | 52.16 | 25.14 | 25.64 | 32.92 | 42.55 | 31.15 |
| Inventory turnover | 11.59 | 13.41 | 14.56 | 19.66 | 11.65 | 7.96 | 14.95 | 20.02 | 15.10 | 13.95 |
| Asset turnover | 0.68 | 0.76 | 0.71 | 0.86 | 0.62 | 0.43 | 0.55 | 0.66 | 0.55 | 0.46 |
| Average receivables | $7.87B | $8.51B | $7.37B | $6.98B | $5.90B | $4.84B | $4.27B | $4.01B | $3.85B | $2.95B |
| Average payables | $1.23B | $1.21B | $969.0M | $687.5M | $668.3M | $854.5M | $1.05B | $952.2M | $599.7M | $628.9M |
| Average inventory | $3.92B | $3.65B | $2.95B | $2.62B | $2.99B | $2.70B | $1.81B | $1.57B | $1.69B | $1.40B |
| Intangibles / total assets | 12.7% | 12.6% | 13.2% | 14.1% | 12.7% | 13.7% | 14.9% | 16.4% | 17.3% | 18.4% |
Computed from EPD's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EPD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Enterprise Products Partners traded at 12.1 times earnings, against a 10-year median of 11.9. Based on the latest twelve months, the trailing P/E is 12.8 and the forward P/E is 11.9. Enterprise Products Partners earned a return on equity of 19.9% and a return on invested capital of 11.1% in fiscal 2025. It ended the year with $34.9 billion of debt and $1.7 billion in cash and short-term investments, net debt of $33.2 billion. It returned $5.0 billion to shareholders: $4.7 billion in dividends and $300.0 million in share buybacks, 168% of free cash flow. The share count rose 3.3% from 2.12B to 2.19B over 9 years.
See the EPD income statement, the EPD chart for price history, or the EPD stock overview for the latest quote and news.
EPD key metrics FAQ
What is Enterprise Products Partners's P/E ratio?
Enterprise Products Partners's trailing P/E ratio is 12.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.9. At the end of fiscal 2025 it was 12.1, compared with a 10-year median of 11.9.
What is Enterprise Products Partners's EV/EBITDA?
Enterprise Products Partners's enterprise value was 10.7 times EBITDA at the end of fiscal 2025 (enterprise value $103.4 billion, EBITDA $9.7 billion); the current EV/EBITDA is 11.1.
What is Enterprise Products Partners's return on equity?
Enterprise Products Partners's return on equity (ROE) was 19.9% in fiscal 2025: net income of $5.8 billion on average shareholders' equity of $29.2 billion.
What is Enterprise Products Partners's ROIC?
Enterprise Products Partners's return on invested capital was 11.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Enterprise Products Partners have?
Enterprise Products Partners had total debt of $34.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.17 and $33.2 billion of net debt (3.43 times EBITDA).
What is Enterprise Products Partners's dividend yield?
Enterprise Products Partners's forward dividend yield is 6.08%. Enterprise Products Partners paid $4.7 billion in dividends in fiscal 2025 ($2.14 per share), a payout ratio of 80.5%.
Does Enterprise Products Partners buy back its shares?
Yes. Enterprise Products Partners spent $300.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.2% over the year, to 2.19B..
What is Enterprise Products Partners's free cash flow yield?
Enterprise Products Partners generated $3.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 4.2% on its market value at year-end ($70.1 billion).
What is Enterprise Products Partners's current ratio?
Enterprise Products Partners's current ratio was 1.04 at the end of fiscal 2025: current assets were 1.04 times current liabilities.