Enterprise Products Partners L.P. (EPD) Margin Analysis

Enterprise Products Partners L.P.

EPD (NYSE)

(%)

Models
Enterprise Products Partners L.P. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 15	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	52,596	52,596	56,219	49,715	58,186
Revenue Growth Rate	0%	-6.44%	13.08%	-14.56%	42.59%
Cost of Revenue	45,430	45,440	48,995	42,999	51,461
Gross Profit	7,166	7,156	7,224	6,716	6,725
Gross Margin	13.62%	13.61%	12.85%	13.51%	11.56%
Operating Income	7,089	6,905	7,338	6,929	6,907
Operating Margin	13.48%	13.13%	13.05%	13.94%	11.87%
Net Income	5,801	5,814	5,901	5,532	5,490
Net Margin	11.03%	11.05%	10.5%	11.13%	9.44%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 15	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	52,596	52,596	56,219	49,715	58,186
Cash from Operating Activities	8,529	8,585	8,115	7,569	8,039
Cash from Operating Activities Margin	16.22%	16.32%	14.43%	15.22%	13.82%
Free Cash Flow	1,794	0	3,571	4,303	6,075
Free Cash Flow Margin	3.41%	0%	6.35%	8.65%	10.44%
Depreciation and Amortization	2,404	2,623	2,194	2,072	1,974
Depreciation and Amortization Margin	4.57%	4.99%	3.9%	4.17%	3.39%
Capital Expenditure	-6,735	-8,585	-4,544	-3,266	-1,964
Capital Expenditure Margin	-12.81%	-16.32%	-8.08%	-6.57%	-3.38%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 11.56}, {"l": "2023", "x": "2023-12-31", "y": 13.51}, {"l": "2024", "x": "2024-12-31", "y": 12.85}, {"l": "2025", "x": "2025-12-31", "y": 13.61}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 11.87}, {"l": "2023", "x": "2023-12-31", "y": 13.94}, {"l": "2024", "x": "2024-12-31", "y": 13.05}, {"l": "2025", "x": "2025-12-31", "y": 13.13}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 9.44}, {"l": "2023", "x": "2023-12-31", "y": 11.13}, {"l": "2024", "x": "2024-12-31", "y": 10.5}, {"l": "2025", "x": "2025-12-31", "y": 11.05}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 10.44}, {"l": "2023", "x": "2023-12-31", "y": 8.66}, {"l": "2024", "x": "2024-12-31", "y": 6.35}, {"l": "2025", "x": "2025-12-31", "y": 0}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	13,793	12,023	11,363	15,417	14,201	13,775
Revenue Growth Rate	14.72%	5.81%	-26.3%	8.56%	3.09%
Cost of Revenue	11,792	10,366	9,592	13,680	12,277	12,006
Gross Profit	2,001	1,657	1,771	1,737	1,924	1,769
Gross Margin	14.51%	13.78%	15.59%	11.27%	13.55%	12.84%
Operating Income	1,939	1,686	1,703	1,761	1,971	1,780
Operating Margin	14.06%	14.02%	14.99%	11.42%	13.88%	12.92%
Net Income	1,644	1,327	1,436	1,394	1,623	1,417
Net Margin	11.92%	11.04%	12.64%	9.04%	11.43%	10.29%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	13,793	12,023	11,363	15,417	14,201	13,775
Cash from Operating Activities	2,416	1,738	2,061	2,314	2,358	2,072
Cash from Operating Activities Margin	17.52%	14.46%	18.14%	15.01%	16.6%	15.04%
Free Cash Flow	0	-220	762	1,252	1,299	898
Free Cash Flow Margin	0%	-1.83%	6.71%	8.12%	9.15%	6.52%
Depreciation and Amortization	684	496	571	653	655	552
Depreciation and Amortization Margin	4.96%	4.12%	5.03%	4.24%	4.61%	4.01%
Capital Expenditure	-2,416	-1,958	-1,299	-1,062	-1,059	-1,174
Capital Expenditure Margin	-17.52%	-16.29%	-11.43%	-6.89%	-7.46%	-8.52%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 12.84}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 13.55}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 11.27}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 15.59}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 13.78}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 14.51}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 12.92}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 13.88}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 11.42}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 14.99}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 14.02}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 14.06}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 10.29}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 11.43}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 9.04}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 12.64}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 11.04}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 11.92}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 6.52}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 9.15}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 8.12}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 6.71}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": -1.83}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 0}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}