TC Energy Corporation (TRP) vs Williams Companies, Inc. (The) (WMB)

TC Energy Corporation and Williams Companies, Inc. (The) are both Oil & Gas Midstream companies. Williams Companies, Inc. (The) is the larger, with a market value of $86.1B against $59.7B — 1.4× the size. TC Energy Corporation trades at the lower P/E: 24.4× against 27.5×. TC Energy Corporation grew revenue faster over the last twelve months: 24.0% against 8.72%. Williams Companies, Inc. (The) has the higher net margin (25.2% vs 22.2%) and the higher return on invested capital (6.40% vs 5.39%). Both pay a dividend; TC Energy Corporation yields more (7.37% vs 5.28%). Across the 22 metrics below, TC Energy Corporation leads on 13 and Williams Companies, Inc. (The) on 9.

Valuation

Metric TRP WMB Oil & Gas Midstream median
P/E 24.39 27.48 13.19
P/S 5.40 6.95 2.60
P/B 2.41 5.53 2.08
Price to free cash flow 20.92 n/m 10.14
EV/EBITDA 12.86 16.24 8.11
EV/Sales 9.27 9.41 3.89
Earnings yield 4.10% 3.64% 6.83%
Free cash flow yield 4.78% (0.25%) 6.94%

Profitability

Metric TRP WMB Oil & Gas Midstream median
Gross margin 70.44% 82.83% 58.81%
Operating margin 53.94% 38.18% 32.14%
Net margin 22.19% 25.16% 21.16%
Free cash flow margin 25.80% (1.75%) 10.15%
Return on equity 9.94% 20.40% 11.30%
Return on assets 2.89% 5.26% 5.00%
Return on invested capital 5.39% 6.40% 6.13%

Growth

Metric TRP WMB Oil & Gas Midstream median
Revenue growth (TTM) 24.04% 8.72% 15.44%
EPS growth (last fiscal year) (27.55%) 17.58% —
Revenue growth, 5-year CAGR 2.36% 9.13% 8.96%
Net income growth, 5-year CAGR (6.06%) 65.91% 0.00%

Health

Metric TRP WMB Oil & Gas Midstream median
Debt to equity 1.68 1.97 0.78
Current ratio 0.61 0.48 1.19
Net debt to EBITDA 5.43 4.31 3.42

Dividend

Metric TRP WMB Oil & Gas Midstream median
Dividend yield 7.37% 5.28% 7.29%
Payout ratio 4.07 0.78 0.64

Size

Metric TRP WMB Oil & Gas Midstream median
Market cap 59.65b 86.11b 3.61b

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