Oil & Gas Midstream
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ENB vs WMB
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
ENB vs WMB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $118.29B | $90.21B |
| Revenue (TTM) | $65.19B | $11.92B |
| Net Income (TTM) | $11.80B | $2.84B |
| Gross Margin | — | 62.8% |
| Operating Margin | 16.8% | 38.8% |
| Forward P/E | 18.0x | 31.6x |
| Total Debt | $6.06B | $29.36B |
| Cash & Equiv. | $1.09B | $63M |
ENB vs WMB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Enbridge Inc. (ENB) | 100 | 167.1 | +67.1% |
| The Williams Compan… (WMB) | 100 | 361.0 | +261.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ENB vs WMB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ENB carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 21.9%, EPS growth 37.6%, 3Y rev CAGR 6.9%
- Lower volatility, beta -0.10, Low D/E 9.6%, current ratio 0.46x
- 21.9% revenue growth vs WMB's 13.8%
WMB is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 8 yrs, beta 0.17, yield 2.7%
- 357.0% 10Y total return vs ENB's 98.5%
- PEG 0.48 vs ENB's 1.07
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs WMB's 13.8% | |
| Value | Lower P/E (18.0x vs 31.6x) | |
| Quality / Margins | 23.8% margin vs ENB's 18.1% | |
| Stability / Safety | Lower D/E ratio (9.6% vs 195.8%) | |
| Dividends | 2.7% yield, 8-year raise streak, vs ENB's 0.4% | |
| Momentum (1Y) | +29.1% vs ENB's +23.4% | |
| Efficiency (ROA) | 5.4% ROA vs WMB's 4.9%, ROIC 6.9% vs 7.7% |
ENB vs WMB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ENB vs WMB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
WMB leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ENB is the larger business by revenue, generating $65.2B annually — 5.5x WMB's $11.9B. WMB is the more profitable business, keeping 23.8% of every revenue dollar as net income compared to ENB's 18.1%. On growth, ENB holds the edge at +5.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $65.2B | $11.9B |
| EBITDAEarnings before interest/tax | $16.6B | $6.8B |
| Net IncomeAfter-tax profit | $11.8B | $2.8B |
| Free Cash FlowCash after capex | $3.3B | $722M |
| Gross MarginGross profit ÷ Revenue | — | +62.8% |
| Operating MarginEBIT ÷ Revenue | +16.8% | +38.8% |
| Net MarginNet income ÷ Revenue | +18.1% | +23.8% |
| FCF MarginFCF ÷ Revenue | +5.1% | +6.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.9% | -0.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.0% | +24.6% |
Valuation Metrics
ENB leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 16.8x trailing earnings, ENB trades at a 51% valuation discount to WMB's 34.5x P/E. Adjusting for growth (PEG ratio), WMB offers better value at 0.52x vs ENB's 1.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $118.3B | $90.2B |
| Enterprise ValueMkt cap + debt − cash | $123.3B | $119.5B |
| Trailing P/EPrice ÷ TTM EPS | 16.84x | 34.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.96x | 31.58x |
| PEG RatioP/E ÷ EPS growth rate | 1.00x | 0.52x |
| EV / EBITDAEnterprise value multiple | 7.42x | 17.71x |
| Price / SalesMarket cap ÷ Revenue | 1.81x | 7.55x |
| Price / BookPrice ÷ Book value/share | 1.88x | 6.01x |
| Price / FCFMarket cap ÷ FCF | 35.88x | 89.76x |
Profitability & Efficiency
ENB leads this category, winning 4 of 7 comparable metrics.
Profitability & Efficiency
WMB delivers a 19.0% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $19 for ENB. ENB carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to WMB's 1.96x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +18.7% | +19.0% |
| ROA (TTM)Return on assets | +5.4% | +4.9% |
| ROICReturn on invested capital | +6.9% | +7.7% |
| ROCEReturn on capital employed | +5.4% | +8.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.10x | 1.96x |
| Net DebtTotal debt minus cash | $5.0B | $29.3B |
| Cash & Equiv.Liquid assets | $1.1B | $63M |
| Total DebtShort + long-term debt | $6.1B | $29.4B |
| Interest CoverageEBIT ÷ Interest expense | — | 3.37x |
Total Returns (Dividends Reinvested)
WMB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WMB five years ago would be worth $33,202 today (with dividends reinvested), compared to $16,985 for ENB. Over the past 12 months, WMB leads with a +29.1% total return vs ENB's +23.4%. The 3-year compound annual growth rate (CAGR) favors WMB at 39.1% vs ENB's 16.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +14.1% | +22.1% |
| 1-Year ReturnPast 12 months | +23.4% | +29.1% |
| 3-Year ReturnCumulative with dividends | +57.0% | +169.0% |
| 5-Year ReturnCumulative with dividends | +69.9% | +232.0% |
| 10-Year ReturnCumulative with dividends | +98.5% | +357.0% |
| CAGR (3Y)Annualised 3-year return | +16.2% | +39.1% |
Risk & Volatility
ENB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ENB is the less volatile stock with a -0.10 beta — it tends to amplify market swings less than WMB's 0.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.10x | 0.17x |
| 52-Week HighHighest price in past year | $55.48 | $77.41 |
| 52-Week LowLowest price in past year | $43.59 | $55.82 |
| % of 52W HighCurrent price vs 52-week peak | +97.7% | +95.3% |
| RSI (14)Momentum oscillator 0–100 | 60.4 | 66.0 |
| Avg Volume (50D)Average daily shares traded | 4.1M | 5.8M |
Analyst Outlook
WMB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates ENB as "Buy" and WMB as "Buy". Consensus price targets imply 7.1% upside for WMB (target: $79) vs -13.6% for ENB (target: $47). For income investors, WMB offers the higher dividend yield at 2.71% vs ENB's 0.35%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $46.86 | $79.00 |
| # AnalystsCovering analysts | 25 | 34 |
| Dividend YieldAnnual dividend ÷ price | +0.4% | +2.7% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | $0.19 | $2.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
WMB leads in 3 of 6 categories (Income & Cash Flow, Total Returns). ENB leads in 3 (Valuation Metrics, Profitability & Efficiency).
ENB vs WMB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ENB or WMB a better buy right now?
For growth investors, Enbridge Inc.
(ENB) is the stronger pick with 21. 9% revenue growth year-over-year, versus 13. 8% for The Williams Companies, Inc. (WMB). Enbridge Inc. (ENB) offers the better valuation at 16. 8x trailing P/E (18. 0x forward), making it the more compelling value choice. Analysts rate Enbridge Inc. (ENB) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ENB or WMB?
On trailing P/E, Enbridge Inc.
(ENB) is the cheapest at 16. 8x versus The Williams Companies, Inc. at 34. 5x. On forward P/E, Enbridge Inc. is actually cheaper at 18. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The Williams Companies, Inc. wins at 0. 48x versus Enbridge Inc. 's 1. 07x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ENB or WMB?
Over the past 5 years, The Williams Companies, Inc.
(WMB) delivered a total return of +232. 0%, compared to +69. 9% for Enbridge Inc. (ENB). Over 10 years, the gap is even starker: WMB returned +357. 0% versus ENB's +98. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ENB or WMB?
By beta (market sensitivity over 5 years), Enbridge Inc.
(ENB) is the lower-risk stock at -0. 10β versus The Williams Companies, Inc. 's 0. 17β — meaning WMB is approximately -265% more volatile than ENB relative to the S&P 500. On balance sheet safety, Enbridge Inc. (ENB) carries a lower debt/equity ratio of 10% versus 196% for The Williams Companies, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ENB or WMB?
By revenue growth (latest reported year), Enbridge Inc.
(ENB) is pulling ahead at 21. 9% versus 13. 8% for The Williams Companies, Inc. (WMB). On earnings-per-share growth, the picture is similar: Enbridge Inc. grew EPS 37. 6% year-over-year, compared to 17. 6% for The Williams Companies, Inc.. Over a 3-year CAGR, ENB leads at 6. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ENB or WMB?
The Williams Companies, Inc.
(WMB) is the more profitable company, earning 21. 9% net margin versus 18. 1% for Enbridge Inc. — meaning it keeps 21. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WMB leads at 36. 8% versus 16. 8% for ENB. At the gross margin level — before operating expenses — WMB leads at 42. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ENB or WMB more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, The Williams Companies, Inc. (WMB) is the more undervalued stock at a PEG of 0. 48x versus Enbridge Inc. 's 1. 07x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Enbridge Inc. (ENB) trades at 18. 0x forward P/E versus 31. 6x for The Williams Companies, Inc. — 13. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WMB: 7. 1% to $79. 00.
08Which pays a better dividend — ENB or WMB?
All stocks in this comparison pay dividends.
The Williams Companies, Inc. (WMB) offers the highest yield at 2. 7%, versus 0. 4% for Enbridge Inc. (ENB).
09Is ENB or WMB better for a retirement portfolio?
For long-horizon retirement investors, The Williams Companies, Inc.
(WMB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 17), 2. 7% yield, +357. 0% 10Y return). Both have compounded well over 10 years (WMB: +357. 0%, ENB: +98. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ENB and WMB?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ENB is a mid-cap high-growth stock; WMB is a mid-cap quality compounder stock. WMB pays a dividend while ENB does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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