Targa Resources vs Williams Companies
Targa Resources is the larger business, with $17.03bn of revenue in fiscal 2025 against $11.95bn for Williams Companies (1.4 times as much). Williams Companies grew faster (13.8% against 3.9%). Williams Companies kept more of each dollar of sales as profit: a net margin of 21.9% against 11.3%.
| Latest fiscal year | Targa ResourcesTRGP, 2025 | Williams CompaniesWMB, 2025 |
|---|---|---|
| Revenue | $17.03bn | $11.95bn |
| Revenue growth | 3.9% | 13.8% |
| Net income | $1.92bn | $2.62bn |
| Operating margin | — | 35.1% |
| Net margin | 11.3% | 21.9% |
| Return on equity | 67.9% | 20.7% |
| Free cash flow | $584m | $1.00bn |
| Cash | $166m | $63.0m |
| Total debt | $17.43bn | $29.36bn |
| Debt to equity | — | 229.3% |
| Dividend per share | — | $2.00 |
| Dividend yield | — | 2.9% |
| Share buybacks | $642m | $0 |
| Employees | 3,570 | 5,987 |
| Market value | $64.14bn | $90.40bn |
| Price vs our value range | — | — |
| Moat score | 36 (Weak) | 68 (Moderate) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 22 sales |