ET vs WMB
Energy Transfer LP and Williams Companies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ET | WMB |
|---|---|---|
| Revenue | $85.5B | $14.9B |
| Net income | $4.4B | $2.6B |
| Gross margin | 25.8% | · |
| Net margin | 6.7% | 18.6% |
| Return on equity | 9.3% | 20.7% |
| Diluted EPS | · | $2.14 |
| Dividend / share | · | $2.00 |
| Payout ratio | · | 93.3% |
| Free cash flow | $3.8B | $1.0B |
| Equity | · | $12.8B |
| Net debt / equity | 1.37× | 2.13× |
| Current ratio | 1.22× | 0.53× |
| Revenue CAGR 5y | 17.0% | 14.1% |
| Profit CAGR 5y | · | 65.5% |
ET bills 5.7× the revenue of WMB, and WMB keeps more of each dollar of revenue as profit (18.6% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ET | WMB |
|---|---|---|
| FY2025 | $85.5B | $14.9B |
| FY2024 | $82.7B | $12.6B |
| FY2023 | $78.6B | $12.0B |
| FY2022 | $89.9B | $17.8B |
| FY2021 | $67.4B | $12.8B |
| FY2020 | $39.0B | $7.7B |
| FY2019 | $54.2B | $8.2B |
| FY2018 | $54.1B | $8.7B |
| FY2017 | $40.5B | $8.0B |
| FY2016 | $31.8B | $7.5B |
Bottom line
| Fiscal year | ET | WMB |
|---|---|---|
| FY2025 | $4.4B | $2.6B |
| FY2024 | $4.8B | $2.2B |
| FY2023 | $3.9B | $3.2B |
| FY2022 | $4.8B | $2.0B |
| FY2021 | $5.5B | $1.5B |
| FY2020 | $-648.0M | $211.0M |
| FY2019 | $3.5B | $850.0M |
| FY2018 | $1.7B | $-155.0M |
| FY2017 | $954.0M | $2.2B |
| FY2016 | $995.0M | $-424.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$70,637,000,000 | ET |
| FY2024 | +$70,039,000,000 | ET |
| FY2023 | +$66,590,000,000 | ET |
| FY2022 | +$72,103,000,000 | ET |
| FY2021 | +$54,633,000,000 | ET |
| FY2020 | +$31,235,000,000 | ET |
| FY2019 | +$46,012,000,000 | ET |
| FY2018 | +$45,401,000,000 | ET |
| FY2017 | +$32,492,000,000 | ET |
| FY2016 | +$24,293,000,000 | ET |
| FY2015 | +$28,736,000,000 | ET |
| FY2014 | +$48,054,000,000 | ET |
| FY2013 | +$41,475,000,000 | ET |
| FY2012 | +$9,478,000,000 | ET |
| FY2011 | +$260,000,000 | ET |
| FY2010 | −$82,000,000 | WMB |
| FY2009 | +$139,295,000 | ET |
| FY2008 | −$2,596,633,000 | WMB |
The higher-revenue side has changed between ET and WMB over this period. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −11.9 pp | WMB |
| FY2024 | −10.6 pp | WMB |
| FY2023 | −20.8 pp | WMB |
| FY2022 | −5.4 pp | WMB |
| FY2021 | −2.3 pp | WMB |
| FY2020 | −2.2 pp | WMB |
| FY2019 | +0.2 pp | ET |
| FY2018 | +4.1 pp | ET |
| FY2017 | −25.4 pp | WMB |
| FY2016 | +4.7 pp | ET |
| FY2015 | +20.8 pp | ET |
| FY2014 | −28.6 pp | WMB |
| FY2013 | −9.1 pp | WMB |
| FY2012 | −6.7 pp | WMB |
| FY2011 | −1.9 pp | WMB |
| FY2010 | +19.0 pp | ET |
| FY2009 | +6.0 pp | ET |
| FY2008 | −6.1 pp | WMB |
The higher net margin has changed hands between ET and WMB over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WMB's net margin has been more volatile than ET's over the 18 comparable fiscal years — 13.0 percentage points of standard deviation against 3.4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ET and WMB over these 18 fiscal years — ET led in 6 and WMB in 12.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WMB's return on equity has been more volatile than ET's over the 18 comparable fiscal years — 13.4 percentage points of standard deviation against 4.6.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ET and WMB over these 18 fiscal years — ET led in 7 and WMB in 11.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.