TRGP vs. WMB: Targa Resources vs. Williams Stock Comparison
How do Targa Resources (TRGP) and Williams (WMB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Targa Resources (TRGP) and Williams (WMB) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
| Profile Item | TRGP | WMB |
|---|---|---|
| Name | Targa Resources Corp. | The Williams Companies, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Storage & Transportation | Oil & Gas Storage & Transportation |
| Market Capitalization | 56.77 billion USD | 80.11 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | December 7, 2010 | December 31, 1981 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Total Return (1Y) | 61.02% | 14.81% |
| Total Return (3Y, Annualized) | 51.25% | 28.70% |
| Total Return (5Y, Annualized) | 39.54% | 23.72% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Volatility (1Y, Annualized) | 29.62% | 26.38% |
| Beta (5Y) | 0.79 | 0.65 |
| Max Drawdown (5Y) | -31.61% | -23.01% |
| Avg. Volume (3M) | 1.21M | 7.88M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Sharpe Ratio (1Y) | 1.92 | 0.40 |
| Sortino Ratio (1Y) | 2.91 | 0.56 |
Profitability
ROE (TTM)
Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Williams (WMB) at 18.31%, which is closer to a typical peer reading.
TRGP
Energy industry group
73.42%
- TRGP
- 73.42%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
WMB
Energy industry group
18.31%
- Max
- 53.85%
- Q3
- 24.79%
- WMB
- 18.31%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Williams (WMB) at 24.66% retains a top-quartile share of revenue as profit, ahead of Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.
TRGP
Energy industry group
13.46%
- Max
- 56.92%
- Q3
- 22.92%
- TRGP
- 13.46%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
WMB
Energy industry group
24.66%
- Max
- 56.92%
- WMB
- 24.66%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Targa Resources (TRGP) at 19.58% and Williams (WMB) at 32.69% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
TRGP
Energy industry group
19.58%
- Max
- 71.31%
- Q3
- 33.75%
- TRGP
- 19.58%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
WMB
Energy industry group
32.69%
- Max
- 71.31%
- Q3
- 33.75%
- WMB
- 32.69%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | TRGP | WMB |
|---|---|---|
| ROE (TTM) | 73.42% | 18.31% |
| ROA (TTM) | 9.52% | 4.59% |
| Net Margin (TTM) | 13.46% | 24.66% |
| Operating Margin (TTM) | 19.58% | 32.69% |
| Gross Margin (TTM) | 41.82% | 63.05% |
Growth
Revenue Growth
Both Targa Resources (TRGP) at 3.95% and Williams (WMB) at 13.78% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Williams (WMB) at 17.58% is closer to the peer norm — faster per-share earnings growth for TRGP.
Growth Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Revenue Growth (YoY) | 3.95% | 13.78% |
| Revenue Growth (3Y CAGR) | -6.65% | 2.91% |
| EPS Growth (YoY) | 46.92% | 17.58% |
| EPS Growth (3Y CAGR) | 30.53% | 8.62% |
Financial Strength
Current Ratio (MRQ)
Both Targa Resources (TRGP) at 0.74 and Williams (WMB) at 0.75 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
TRGP
Energy industry group
0.74
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- TRGP
- 0.74
- Min
- 0.24
WMB
Energy industry group
0.75
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- WMB
- 0.75
- Min
- 0.24
Debt / Equity (MRQ)
Both balance sheets lean debt-heavy versus peers, but TRGP is more stretched: Williams (WMB) at 1.58 sits in the higher-leverage quartile and Targa Resources (TRGP) at 5.01 is above its industry benchmark range.
TRGP
Energy industry group
5.01
- TRGP
- 5.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
WMB
Energy industry group
1.58
- Max
- 1.75
- WMB
- 1.58
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Current Ratio (MRQ) | 0.74 | 0.75 |
| Debt / Equity (MRQ) | 5.01 | 1.58 |
| Net Debt / EBITDA | 3.38 | 4.58 |
Dividends
Dividend Yield (TTM)
Both Targa Resources (TRGP) at 1.75% and Williams (WMB) at 3.23% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
TRGP
Energy industry group
1.75%
- Max
- 8.57%
- Q3
- 3.58%
- TRGP
- 1.75%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
WMB
Energy industry group
3.23%
- Max
- 8.57%
- Q3
- 3.58%
- WMB
- 3.23%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Targa Resources (TRGP) at 39.82% pays out a band-typical share of earnings, while Williams (WMB) at 81.69% distributes more than its industry norm — less retained, thinner cover.
TRGP
Energy industry group
39.82%
- Max
- 133.24%
- Q3
- 53.31%
- TRGP
- 39.82%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
WMB
Energy industry group
81.69%
- Max
- 133.24%
- WMB
- 81.69%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | TRGP | WMB |
|---|---|---|
| Dividend Yield (TTM) | 1.75% | 3.23% |
| Dividend Payout Ratio (TTM) | 39.82% | 81.69% |
Valuation
P/E Ratio (TTM)
Both Targa Resources (TRGP) at 23.42 and Williams (WMB) at 25.23 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
TRGP
Energy industry group
23.42
- Max
- 39.54
- TRGP
- 23.42
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
WMB
Energy industry group
25.23
- Max
- 39.54
- WMB
- 25.23
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Both look expensive on sales: Targa Resources (TRGP) at 3.12 sits in the upper P/S ratio quartile, and Williams (WMB) at 6.32 prices even higher, above its industry range.
TRGP
Energy industry group
3.12
- Max
- 5.40
- TRGP
- 3.12
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
WMB
Energy industry group
6.32
- WMB
- 6.32
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Measured against book value, both Targa Resources (TRGP) at 14.87 and Williams (WMB) at 5.11 look expensive — each P/B ratio sits above its industry’s benchmark range.
TRGP
Energy industry group
14.87
- TRGP
- 14.87
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
WMB
Energy industry group
5.11
- WMB
- 5.11
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | TRGP | WMB |
|---|---|---|
| P/E Ratio (TTM) | 23.42 | 25.23 |
| P/S Ratio (TTM) | 3.12 | 6.32 |
| P/B Ratio (MRQ) | 14.87 | 5.11 |
| Free Cash Flow Yield (TTM) | 0.29% | -3.56% |