WES vs WMB
Western Midstream Partners, LP and Williams Companies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | WES | WMB |
|---|---|---|
| Revenue | $3.8B | $14.9B |
| Net income | $1.2B | $2.6B |
| Gross margin | 94.6% | · |
| Net margin | 31.5% | 18.6% |
| Return on equity | · | 20.7% |
| Diluted EPS | · | $2.14 |
| Dividend / share | · | $2.00 |
| Payout ratio | 121.2% | 93.3% |
| Free cash flow | · | $1.0B |
| Equity | · | $12.8B |
| Net debt / equity | · | 2.13× |
| Current ratio | 1.34× | 0.53× |
| Revenue CAGR 5y | 6.7% | 14.1% |
| 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 (31.5% against 18.6%).
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 | WES | WMB |
|---|---|---|
| FY2025 | $3.8B | $14.9B |
| FY2024 | $3.6B | $12.6B |
| FY2023 | $3.1B | $12.0B |
| FY2022 | $3.3B | $17.8B |
| FY2021 | $2.9B | $12.8B |
| FY2020 | $2.8B | $7.7B |
| FY2019 | $2.7B | $8.2B |
| FY2018 | $2.3B | $8.7B |
| FY2017 | $2.4B | $8.0B |
| FY2016 | $1.8B | $7.5B |
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 |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$11,055,597,000 | WMB |
| FY2024 | −$9,026,777,000 | WMB |
| FY2023 | −$8,889,524,000 | WMB |
| FY2022 | −$14,521,279,000 | WMB |
| FY2021 | −$9,906,845,000 | WMB |
| FY2020 | −$4,946,408,000 | WMB |
| FY2019 | −$5,454,826,000 | WMB |
| FY2018 | −$6,380,592,000 | WMB |
| FY2017 | −$5,601,386,000 | WMB |
| FY2016 | −$5,694,730,000 | WMB |
| FY2015 | −$5,607,928,000 | WMB |
| FY2014 | −$6,103,623,000 | WMB |
| FY2013 | −$5,774,518,000 | WMB |
| FY2012 | −$6,591,524,000 | WMB |
| FY2011 | −$7,060,595,000 | WMB |
WMB has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +13.0 pp | WES |
| FY2024 | +26.1 pp | WES |
| FY2023 | +6.2 pp | WES |
| FY2022 | +26.6 pp | WES |
| FY2021 | +20.6 pp | WES |
| FY2020 | +16.1 pp | WES |
| FY2019 | +20.7 pp | WES |
| FY2018 | +25.1 pp | WES |
| FY2017 | −0.9 pp | WMB |
| FY2016 | +37.8 pp | WES |
| FY2015 | +18.5 pp | WES |
| FY2014 | −1.1 pp | WMB |
| FY2013 | +16.6 pp | WES |
| FY2012 | −0.7 pp | WMB |
| FY2011 | +12.4 pp | WES |
The higher net margin has changed hands between WES and WMB over this period.
15 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 WES's over the 15 comparable fiscal years — 12.7 percentage points of standard deviation against 10.3.
15 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 WES and WMB over these 15 fiscal years — WES led in 12 and WMB in 3.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.