Is the business good?
How good a business is EPD?
Enterprise Products Partners L.P. earns 9.8% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
9.8%
Return on invested capital · cost of capital 9.0% · 0.81 points above what the capital costs: growth creates value
- Operating margin
- 13%
Operating margin · Oil & Gas Midstream median 36% · 12 months to Q2 2026
- Cash conversion
- 0.55×
Cash conversion · 0.72× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.23%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 15% |
| FY2022 | 12% |
| FY2023 | 14% |
| FY2024 | 13% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q2 2026
- 26%
- Operating margin12 months to Q2 2026
- 13%
- Net margin12 months to Q2 2026
- 11%
- Free cash flow margin
- 6.0%
- Revenue, trailing twelve months
- $58.5B
- Free cash flow, trailing twelve months
- $3.48B
- Net income, trailing twelve months
- $6.30B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Midstream
Ranks #25 of 27 by Smart Score