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TC Energy vs Williams Companies

TC Energy and Williams Companies are similar in size: $10.91bn and $11.95bn of revenue in their latest fiscal years. Williams Companies grew faster (13.8% against 8.5%). TC Energy kept more of each dollar of sales as profit: a net margin of 23.1% against 21.9%. TC Energy carries less debt relative to equity (175.8% against 229.3%).

Latest fiscal yearTC EnergyTRP, 2025Williams CompaniesWMB, 2025
Revenue $10.91bn $11.95bn
Revenue growth 8.5% 13.8%
Net income $2.52bn $2.62bn
Operating margin 52.7% 35.1%
Net margin 23.1% 21.9%
Return on equity 12.9% 20.7%
Free cash flow $1.49bn $1.00bn
Cash $123m $63.0m
Total debt $35.00bn $29.36bn
Debt to equity 175.8% 229.3%
Dividend per share — $2.00
Dividend yield 3.8% 2.9%
Share buybacks — $0
Employees — 5,987
Market value $66.20bn $90.40bn
Price vs our value range — —
Moat score — 68 (Moderate)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 22 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.