WES vs WMB
Western Midstream Partners, LP and Williams Companies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | WES | WMB |
|---|---|---|
| Revenue | $3.8B | $14.9B |
| Net income | $1.2B | $2.6B |
| Gross margin | 81.3% | 53.3% |
| Net margin | 30.7% | 17.6% |
| Return on equity | — | 20.7% |
| Diluted EPS | — | $2.14 |
| Dividend / share | — | $2.00 |
| Payout ratio | 121.2% | 93.3% |
| Free cash flow | $411.1M | $1.0B |
| Equity | — | $12.8B |
| Net debt / equity | — | 2.13× |
| Current ratio | 1.34× | 0.53× |
| Revenue CAGR 5y | 8.6% | 14.3% |
| Profit CAGR 5y | 17.5% | 65.5% |
WMB bills 3.9× the revenue of WES, and WES keeps more of each dollar of revenue as profit (30.7% against 17.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | WES | WMB |
|---|---|---|
| FY2025 | $3.8B | $14.9B |
| FY2024 | $3.6B | $12.6B |
| FY2023 | $3.1B | $12.0B |
| FY2022 | $3.3B | $17.8B |
| FY2021 | $2.7B | $12.8B |
| FY2020 | $2.5B | $7.7B |
| FY2019 | $2.7B | $8.1B |
| FY2018 | $2.3B | $8.6B |
| FY2017 | $2.4B | $8.0B |
| FY2016 | $1.8B | $7.5B |
Net income by year
Bottom line
| Fiscal year | WES | WMB |
|---|---|---|
| FY2025 | $1.2B | $2.6B |
| FY2024 | $1.6B | $2.2B |
| FY2023 | $1.0B | $3.2B |
| FY2022 | $1.2B | $2.0B |
| FY2021 | $916.3M | $1.5B |
| FY2020 | $527.0M | $211.0M |
| FY2019 | $697.2M | $850.0M |
| FY2018 | $551.6M | $-155.0M |
| FY2017 | $540.8M | $2.2B |
| FY2016 | $345.8M | $-424.0M |
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