Targa Resources (TRGP) vs Williams Companies (WMB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Targa Resources (TRGP) has outperformed Williams Companies (WMB) over the past year, gaining 70.6% versus a gain of 11.7%. Over five years, TRGP leads with a +409.7% price change compared with +141.8% for WMB. Williams Companies is the larger company by market cap ($87.41 billion vs $60.89 billion), about 1.4 times the size.
On valuation, Targa Resources trades at a lower forward P/E (23.6x vs 27.0x for Williams Companies). Williams Companies offers the higher dividend yield (2.87% vs 1.58%). Williams Companies converts more of its revenue into profit, with a net margin of 21.9% versus 11.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | TRGP | WMB |
|---|---|---|
| Share price | $283.96 | $71.46 |
| Market cap | $60.89B | $87.41B |
| 1-day change | -0.62% | -1.28% |
| YTD return | +53.91% | +18.88% |
| 1-year return | +70.61% | +11.71% |
| 5-year return | +409.71% | +141.83% |
| P/E ratio (TTM) | 27.30 | 28.81 |
| Forward P/E | 23.58 | 27.01 |
| EPS (TTM) | $10.40 | $2.48 |
| Dividend yield | 1.58% | 2.87% |
| Annual dividend | $4.50 | $2.05 |
| Revenue (latest FY) | $17.03B | $11.95B |
| Revenue growth (YoY) | +3.95% | +13.78% |
| Net income (latest FY) | $1.92B | $2.62B |
| Gross margin | 38.29% | — |
| Operating margin | 19.56% | 35.11% |
| Net margin | 11.29% | 21.91% |
| 52-week high | $307.94 | $80.08 |
| 52-week low | $144.14 | $56.19 |
| Distance from 52-week high | -7.79% | -10.76% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +14.62% | +19.59% |
| Average volume | 1.19M | 7.03M |
| Shares outstanding | 214.43M | 1.22B |
| Employees | 3,570 | 5,987 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TRGP has outperformed WMB by 58.9 percentage points over the past year.
- Williams Companies offers a meaningfully higher dividend yield (2.87% vs 1.58%).
- Williams Companies is more profitable, keeping 21.9 cents of every revenue dollar as net income versus 11.3 cents for Targa Resources.
- Williams Companies grew revenue faster in its latest fiscal year (+13.78% vs +3.95%).
About Targa Resources
TRGP stock →Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
Utilities · Natural Gas Distribution · 3,570 employees
About Williams Companies
WMB stock →The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments.
Utilities · Natural Gas Distribution · 5,987 employees
TRGP vs WMB FAQ
Which is bigger, Targa Resources or Williams Companies?
Williams Companies (WMB) is larger, with a market capitalization of $87.41B compared with $60.89B for Targa Resources (TRGP).
Which stock has performed better over the past year, TRGP or WMB?
TRGP returned +70.61% over the past 12 months, compared with +11.71% for WMB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, TRGP or WMB?
TRGP has the lower trailing P/E at 27.3, versus 28.8 for WMB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Targa Resources or Williams Companies?
Williams Companies has the higher yield at 2.87%, compared with 1.58% for Targa Resources.
Are Targa Resources and Williams Companies in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.