EPD Financials Enterprise Products Partners L.P.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:19 UTC Overview →

Growth & profitability

Revenue has grown 14.1% per year over the past 5 years.
Net income has grown slower than revenue (9.0% vs 14.1% per year).
Operating margin has contracted, at 13.8% in the latest year.
Free cash flow has declined 17.0% per year over the past 5 years.

Financial health

Total debt ($34.4B) exceeds cash ($969M); net debt is $33.4B.
Total debt has grown slower than revenue (2.9% vs 14.1% per year).
Operating income covered interest expense 5.2× in the latest year.
Total debt is 4.7× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$52.6B	$5.8B	26.7%	13.8%	—	7.5%	$3.0B	$34.4B	$969M
2024	$56.2B	$5.9B	24.3%	13.1%	—	7.6%	$3.6B	$31.9B	$583M
2023	$49.7B	$5.5B	25.5%	13.9%	—	7.8%	$4.3B	$28.7B	$180M
2022	$58.2B	$5.5B	21.2%	11.9%	—	8.1%	—	$28.3B	$76M
2021	$40.8B	$4.6B	26.8%	15.0%	—	6.9%	—	$29.5B	$2.8B
2020	$27.2B	$3.8B	38.5%	18.5%	—	5.9%	—	$29.9B	$1.1B
2019	$32.8B	$4.6B	32.7%	18.5%	—	7.4%	—	$27.6B	$335M
2018	$36.5B	$4.2B	26.7%	14.8%	—	7.3%	—	$26.2B	$345M
2017	$29.2B	$2.8B	26.5%	13.4%	—	5.1%	—	$24.6B	$5M
2016	$23.0B	$2.5B	31.8%	15.6%	—	4.8%	—	$23.7B	$63M
2015	—	$2.5B	—	—	—	5.2%	—	$22.5B	$19M
2014	$48.0B	$2.8B	0.0%	7.9%	—	5.9%	—	$21.4B	$74M
2013	$47.7B	$2.6B	0.0%	7.3%	—	6.5%	—	$17.4B	$57M
2012	$42.6B	$2.4B	0.0%	7.3%	—	6.7%	—	$16.2B	$16M
2011	$44.3B	$2.0B	0.0%	6.5%	—	6.0%	—	$14.5B	$20M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$18.3B	$1.8B	22.5%	12.3%	—	2.3%	$2.0B	$33.2B	$246M
Mar '26	$14.4B	$1.5B	25.8%	13.2%	—	1.8%	$486M	$33.9B	$191M
Dec '25	$13.8B	$1.6B	27.0%	14.7%	—	2.1%	$1.2B	$34.4B	$969M
Sep '25	$12.0B	$1.3B	28.6%	14.0%	—	1.7%	—	$33.6B	$206M
Jun '25	$11.4B	$1.4B	30.5%	15.8%	—	1.9%	$762M	$32.7B	$870M
Mar '25	$15.4B	$1.4B	22.1%	11.4%	—	1.8%	$1.3B	$31.6B	$220M
Dec '24	$14.2B	$1.6B	25.3%	13.9%	—	2.1%	$1.3B	$31.9B	$583M
Sep '24	$13.8B	$1.4B	24.6%	12.9%	—	1.9%	—	$31.9B	$1.4B
Jun '24	$13.5B	$1.4B	24.5%	13.1%	—	1.9%	—	$30.3B	$138M
Mar '24	$14.8B	$1.5B	22.7%	12.3%	—	2.0%	—	$29.4B	$283M
Dec '23	$14.6B	$1.6B	23.2%	13.1%	—	2.2%	—	$28.7B	$180M
Sep '23	$12.0B	$1.3B	26.8%	14.1%	—	1.9%	—	$28.9B	$171M
Jun '23	$10.7B	$1.3B	27.9%	14.8%	—	1.9%	—	$28.6B	$183M
Mar '23	$12.4B	$1.4B	25.0%	13.9%	—	2.1%	—	$28.6B	$76M
Dec '22	$13.7B	$1.4B	23.0%	12.9%	—	2.1%	—	$28.3B	$76M
Sep '22	$15.5B	$1.4B	20.4%	11.1%	—	2.0%	—	$29.2B	$167M
Jun '22	$16.1B	$1.4B	19.6%	11.0%	—	2.0%	—	$28.8B	$231M
Mar '22	$13.0B	$1.3B	22.4%	12.8%	—	1.8%	—	$29.5B	$231M
Dec '21	$11.4B	$1.0B	23.7%	12.3%	—	1.5%	—	$29.5B	$2.8B
Sep '21	$10.8B	$1.2B	25.1%	14.0%	—	1.7%	—	$29.5B	$2.2B

Valuation over time

How the market has priced EPD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 10.2× (Mar '23) to 13.9× (Nov '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.5× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is EPD growing its revenue and profit?

Over the past 5 years, Enterprise Products Partners L.P.'s revenue has grown 14.1% per year, and net income grown 9.0% per year. These are computed facts, not advice.

How much debt does EPD have?

As of FY2025, Enterprise Products Partners L.P. reported $34.4B of total debt against $969M of cash; operating income covered interest expense 5.2×.

What is EPD's profit margin?

In FY2025, gross margin was 26.7%, operating margin 13.8%, and net margin 11.0%.

What is EPD's P/E ratio?

Enterprise Products Partners L.P.'s P/E (TTM) is 12.80 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the EPD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 13.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.