TRGP vs WMB
Targa Resources Corp. and Williams Companies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | TRGP | WMB |
|---|---|---|
| Revenue | $17.0B | $14.9B |
| Net income | $1.9B | $2.6B |
| Gross margin | 38.3% | · |
| Net margin | 11.5% | 18.6% |
| Return on equity | 67.9% | 20.7% |
| Diluted EPS | $8.49 | $2.14 |
| Dividend / share | $3.75 | $2.00 |
| Payout ratio | · | 93.3% |
| Free cash flow | $584.1M | $1.0B |
| Equity | $3.1B | $12.8B |
| Net debt / equity | 5.63× | 2.13× |
| Current ratio | 0.67× | 0.53× |
| Revenue CAGR 5y | 15.6% | 14.1% |
| Profit CAGR 5y | · | 65.5% |
TRGP and WMB book revenue within 15% of each other, and WMB keeps more of each dollar of revenue as profit (18.6% against 11.5%).
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 | TRGP | WMB |
|---|---|---|
| FY2025 | $17.0B | $14.9B |
| FY2024 | $16.4B | $12.6B |
| FY2023 | $16.1B | $12.0B |
| FY2022 | $20.9B | $17.8B |
| FY2021 | $16.9B | $12.8B |
| FY2020 | $8.3B | $7.7B |
| FY2019 | $8.7B | $8.2B |
| FY2018 | $10.5B | $8.7B |
| FY2017 | $8.8B | $8.0B |
| FY2016 | $6.7B | $7.5B |
Bottom line
| Fiscal year | TRGP | WMB |
|---|---|---|
| FY2025 | $1.9B | $2.6B |
| FY2024 | $1.3B | $2.2B |
| FY2023 | $1.3B | $3.2B |
| FY2022 | $1.2B | $2.0B |
| FY2021 | $71.2M | $1.5B |
| FY2020 | $-1.6B | $211.0M |
| FY2019 | $-209.2M | $850.0M |
| FY2018 | $1.6M | $-155.0M |
| FY2017 | $54.0M | $2.2B |
| FY2016 | $-187.3M | $-424.0M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,129,300,000 | TRGP |
| FY2024 | +$3,749,500,000 | TRGP |
| FY2023 | +$4,064,300,000 | TRGP |
| FY2022 | +$3,156,800,000 | TRGP |
| FY2021 | +$4,165,800,000 | TRGP |
| FY2020 | +$541,300,000 | TRGP |
| FY2019 | +$470,100,000 | TRGP |
| FY2018 | +$1,798,000,000 | TRGP |
| FY2017 | +$783,900,000 | TRGP |
| FY2016 | −$808,100,000 | WMB |
| FY2015 | −$1,894,600,000 | WMB |
The higher-revenue side has changed between TRGP and WMB over this period. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.1 pp | WMB |
| FY2024 | −9.1 pp | WMB |
| FY2023 | −17.7 pp | WMB |
| FY2021 | −9.7 pp | WMB |
| FY2020 | −18.6 pp | WMB |
| FY2019 | −8.2 pp | WMB |
| FY2018 | −1.6 pp | WMB |
| FY2017 | −30.1 pp | WMB |
| FY2016 | +2.3 pp | TRGP |
| FY2015 | +15.1 pp | TRGP |
The higher net margin has changed hands between TRGP and WMB over this period.
10 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 TRGP's over the 10 comparable fiscal years — 14.2 percentage points of standard deviation against 7.6.
10 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 TRGP and WMB over these 10 fiscal years — TRGP led in 2 and WMB in 8.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TRGP's return on equity has been more volatile than WMB's over the 16 comparable fiscal years — 30.3 percentage points of standard deviation against 14.0.
16 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 TRGP and WMB over these 16 fiscal years — TRGP led in 11 and WMB in 5.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.