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 29 h ago 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

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

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$14.4B	$1.5B	25.8%	13.2%	$486M	$33.9B	$191M
Dec '25	$13.8B	$1.6B	27.0%	14.7%	$1.2B	$34.4B	$969M
Sep '25	$12.0B	$1.3B	28.6%	14.0%	—	$33.6B	$206M
Jun '25	$11.4B	$1.4B	30.5%	15.8%	—	$32.7B	$870M
Mar '25	$15.4B	$1.4B	22.1%	11.4%	$1.3B	$31.6B	$220M
Dec '24	$14.2B	$1.6B	25.3%	13.9%	$1.3B	$31.9B	$583M
Sep '24	$13.8B	$1.4B	24.6%	12.9%	—	$31.9B	$1.4B
Jun '24	$13.5B	$1.4B	24.5%	13.1%	—	$30.3B	$138M
Mar '24	$14.8B	$1.5B	22.7%	12.3%	—	$29.4B	$283M
Dec '23	$14.6B	$1.6B	23.2%	13.1%	—	$28.7B	$180M
Sep '23	$12.0B	$1.3B	26.8%	14.1%	—	$28.9B	$171M
Jun '23	$10.7B	$1.3B	27.9%	14.8%	—	$28.6B	$183M
Mar '23	$12.4B	$1.4B	25.0%	13.9%	—	$28.6B	$76M
Dec '22	$13.7B	$1.4B	23.0%	12.9%	—	$28.3B	$76M
Sep '22	$15.5B	$1.4B	20.4%	11.1%	—	$29.2B	$167M
Jun '22	$16.1B	$1.4B	19.6%	11.0%	—	$28.8B	$231M
Mar '22	$13.0B	$1.3B	22.4%	12.8%	—	$29.5B	$231M
Dec '21	$11.4B	$1.0B	23.7%	12.3%	—	$29.5B	$2.8B
Sep '21	$10.8B	$1.2B	25.1%	14.0%	—	$29.5B	$2.2B
Jun '21	$9.4B	$1.1B	27.6%	15.8%	—	$28.5B	$405M

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 13.7× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.5× (Jun '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?

As of Jun '26, Enterprise Products Partners L.P. traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.