Oil & Gas Midstream
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Side-by-side financial analysisStock Comparison
SOBO vs KMI vs WMB vs OKE vs TRP
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
SOBO vs KMI vs WMB vs OKE vs TRP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $7.48B | $70.28B | $89.43B | $53.57B | $70.49B |
| Revenue (TTM) | $1.62B | $17.52B | $11.92B | $35.20B | $15.14B |
| Net Income (TTM) | $397M | $3.31B | $2.84B | $3.53B | $3.52B |
| Gross Margin | 37.9% | 46.9% | 62.8% | 23.9% | 49.8% |
| Operating Margin | 26.6% | 28.6% | 38.8% | 20.3% | 44.0% |
| Forward P/E | 20.4x | 21.6x | 30.9x | 14.9x | 18.7x |
| Total Debt | $5.78B | $32.39B | $29.36B | $32.82B | $60.95B |
| Cash & Equiv. | $574M | $109M | $63M | $78M | $261M |
SOBO vs KMI vs WMB vs OKE vs TRP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 24 | Jun 26 | Return |
|---|---|---|---|
| South Bow Corporati… (SOBO) | 100 | 143.7 | +43.7% |
| Kinder Morgan, Inc. (KMI) | 100 | 128.9 | +28.9% |
| The Williams Compan… (WMB) | 100 | 139.6 | +39.6% |
| ONEOK, Inc. (OKE) | 100 | 87.8 | -12.2% |
| TC Energy Corporati… (TRP) | 100 | 145.6 | +45.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SOBO vs KMI vs WMB vs OKE vs TRP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SOBO carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.01, yield 5.7%
- Lower volatility, beta 0.01, current ratio 1.50x
- Beta 0.01, yield 5.7%, current ratio 1.50x
- 24.5% margin vs OKE's 10.0%
KMI ranks third and is worth considering specifically for valuation efficiency.
- PEG 0.22 vs OKE's 0.48
- Better valuation composite
WMB is the clearest fit if your priority is long-term compounding.
- 300.0% 10Y total return vs OKE's 162.8%
OKE is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 55.4%, EPS growth 4.8%, 3Y rev CAGR 13.7%
- 55.4% revenue growth vs SOBO's -24.0%
- 5.3% ROA vs TRP's 3.0%, ROIC 9.6% vs 5.2%
TRP is the clearest fit if your priority is momentum.
- +47.0% vs OKE's +9.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 55.4% revenue growth vs SOBO's -24.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 24.5% margin vs OKE's 10.0% | |
| Stability / Safety | Beta 0.01 vs WMB's 0.09 | |
| Dividends | 5.7% yield, 2-year raise streak, vs KMI's 3.7% | |
| Momentum (1Y) | +47.0% vs OKE's +9.9% | |
| Efficiency (ROA) | 5.3% ROA vs TRP's 3.0%, ROIC 9.6% vs 5.2% |
SOBO vs KMI vs WMB vs OKE vs TRP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
SOBO vs KMI vs WMB vs OKE vs TRP — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
OKE leads in 2 of 6 categories
WMB leads 1 • SOBO leads 0 • KMI leads 0 • TRP leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — SOBO and TRP each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
OKE is the larger business by revenue, generating $35.2B annually — 21.7x SOBO's $1.6B. SOBO is the more profitable business, keeping 24.5% of every revenue dollar as net income compared to OKE's 10.0%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.6B | $17.5B | $11.9B | $35.2B | $15.1B |
| EBITDAEarnings before interest/tax | $662M | $7.5B | $6.8B | $8.6B | $9.4B |
| Net IncomeAfter-tax profit | $397M | $3.3B | $2.8B | $3.5B | $3.5B |
| Free Cash FlowCash after capex | $609M | $3.9B | $722M | $2.2B | $2.1B |
| Gross MarginGross profit ÷ Revenue | +37.9% | +46.9% | +62.8% | +23.9% | +49.8% |
| Operating MarginEBIT ÷ Revenue | +26.6% | +28.6% | +38.8% | +20.3% | +44.0% |
| Net MarginNet income ÷ Revenue | +24.5% | +18.9% | +23.8% | +10.0% | +23.2% |
| FCF MarginFCF ÷ Revenue | +37.5% | +22.2% | +6.1% | +6.4% | +13.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -16.2% | +13.5% | -0.6% | +19.6% | +199.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -14.3% | +37.5% | +24.6% | +18.3% | +1.1% |
Valuation Metrics
OKE leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 15.7x trailing earnings, OKE trades at a 54% valuation discount to WMB's 34.2x P/E. Adjusting for growth (PEG ratio), KMI offers better value at 0.24x vs WMB's 0.52x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $7.5B | $70.3B | $89.4B | $53.6B | $70.5B |
| Enterprise ValueMkt cap + debt − cash | $12.7B | $102.6B | $118.7B | $86.3B | $113.5B |
| Trailing P/EPrice ÷ TTM EPS | 17.00x | 23.06x | 34.17x | 15.69x | 29.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.43x | 21.58x | 30.92x | 14.90x | 18.67x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x | 0.52x | 0.51x | — |
| EV / EBITDAEnterprise value multiple | 22.31x | 14.12x | 17.59x | 10.18x | 16.88x |
| Price / SalesMarket cap ÷ Revenue | 4.64x | 4.15x | 7.48x | 1.59x | 6.55x |
| Price / BookPrice ÷ Book value/share | 2.77x | 2.17x | 5.95x | 2.38x | 2.69x |
| Price / FCFMarket cap ÷ FCF | 13.64x | 21.82x | 88.98x | 21.89x | 47.82x |
Profitability & Efficiency
OKE leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
WMB delivers a 19.0% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $9 for TRP. KMI carries lower financial leverage with a 1.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to SOBO's 2.14x. On the Piotroski fundamental quality scale (0–9), KMI scores 8/9 vs OKE's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +16.1% | +10.3% | +19.0% | +15.9% | +9.4% |
| ROA (TTM)Return on assets | +3.8% | +4.5% | +4.9% | +5.3% | +3.0% |
| ROICReturn on invested capital | +3.0% | +5.6% | +7.7% | +9.6% | +5.2% |
| ROCEReturn on capital employed | +3.3% | +7.0% | +8.7% | +11.6% | +6.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 8 | 7 | 5 | 6 |
| Debt / EquityFinancial leverage | 2.14x | 1.00x | 1.96x | 1.45x | 1.65x |
| Net DebtTotal debt minus cash | $5.2B | $32.3B | $29.3B | $32.7B | $60.7B |
| Cash & Equiv.Liquid assets | $574M | $109M | $63M | $78M | $261M |
| Total DebtShort + long-term debt | $5.8B | $32.4B | $29.4B | $32.8B | $60.9B |
| Interest CoverageEBIT ÷ Interest expense | 1.78x | 2.86x | 3.37x | 3.56x | 2.66x |
Total Returns (Dividends Reinvested)
WMB leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WMB five years ago would be worth $31,612 today (with dividends reinvested), compared to $17,312 for TRP. Over the past 12 months, TRP leads with a +47.0% total return vs OKE's +9.9%. The 3-year compound annual growth rate (CAGR) favors WMB at 37.1% vs OKE's 17.9% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +30.4% | +16.1% | +21.9% | +17.3% | +22.2% |
| 1-Year ReturnPast 12 months | +45.0% | +18.8% | +27.1% | +9.9% | +47.0% |
| 3-Year ReturnCumulative with dividends | +74.4% | +110.4% | +157.7% | +63.8% | +104.5% |
| 5-Year ReturnCumulative with dividends | +74.4% | +111.0% | +216.1% | +97.4% | +73.1% |
| 10-Year ReturnCumulative with dividends | +74.4% | +127.9% | +300.0% | +162.8% | +131.3% |
| CAGR (3Y)Annualised 3-year return | +20.4% | +28.1% | +37.1% | +17.9% | +26.9% |
Risk & Volatility
Evenly matched — OKE and TRP each lead in 1 of 2 comparable metrics.
Risk & Volatility
OKE is the less volatile stock with a -0.17 beta — it tends to amplify market swings less than WMB's 0.09 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRP currently trades 94.7% from its 52-week high vs OKE's 88.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | -0.03x | 0.09x | -0.17x | 0.07x |
| 52-Week HighHighest price in past year | $38.45 | $34.80 | $80.08 | $96.07 | $71.47 |
| 52-Week LowLowest price in past year | $25.02 | $25.60 | $55.82 | $64.02 | $46.29 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +90.8% | +91.3% | +88.5% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 46.7 | 43.6 | 41.6 | 42.8 | 50.3 |
| Avg Volume (50D)Average daily shares traded | 763K | 9.5M | 5.6M | 3.7M | 1.9M |
Analyst Outlook
Evenly matched — SOBO and KMI and WMB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SOBO as "Hold", KMI as "Hold", WMB as "Buy", OKE as "Hold", TRP as "Buy". Consensus price targets imply 16.1% upside for KMI (target: $37) vs -11.3% for SOBO (target: $32). For income investors, SOBO offers the higher dividend yield at 5.65% vs WMB's 2.74%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $31.80 | $36.67 | $83.75 | $92.50 | $62.00 |
| # AnalystsCovering analysts | 6 | 34 | 34 | 39 | 19 |
| Dividend YieldAnnual dividend ÷ price | +5.7% | +3.7% | +2.7% | +4.8% | +3.5% |
| Dividend StreakConsecutive years of raises | 2 | 8 | 8 | 3 | 0 |
| Dividend / ShareAnnual DPS | $2.03 | $1.17 | $2.00 | $4.09 | $3.37 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +0.1% | +0.3% |
OKE leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). WMB leads in 1 (Total Returns). 3 tied.
SOBO vs KMI vs WMB vs OKE vs TRP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SOBO or KMI or WMB or OKE or TRP a better buy right now?
For growth investors, ONEOK, Inc.
(OKE) is the stronger pick with 55. 4% revenue growth year-over-year, versus -24. 0% for South Bow Corporation (SOBO). ONEOK, Inc. (OKE) offers the better valuation at 15. 7x trailing P/E (14. 9x forward), making it the more compelling value choice. Analysts rate The Williams Companies, Inc. (WMB) a "Buy" — based on 34 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 — SOBO or KMI or WMB or OKE or TRP?
On trailing P/E, ONEOK, Inc.
(OKE) is the cheapest at 15. 7x versus The Williams Companies, Inc. at 34. 2x. On forward P/E, ONEOK, Inc. is actually cheaper at 14. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Kinder Morgan, Inc. wins at 0. 22x versus ONEOK, Inc. 's 0. 48x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SOBO or KMI or WMB or OKE or TRP?
Over the past 5 years, The Williams Companies, Inc.
(WMB) delivered a total return of +216. 1%, compared to +73. 1% for TC Energy Corporation (TRP). Over 10 years, the gap is even starker: WMB returned +300. 0% versus SOBO's +74. 4%. 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 — SOBO or KMI or WMB or OKE or TRP?
By beta (market sensitivity over 5 years), ONEOK, Inc.
(OKE) is the lower-risk stock at -0. 17β versus The Williams Companies, Inc. 's 0. 09β — meaning WMB is approximately -154% more volatile than OKE relative to the S&P 500. On balance sheet safety, Kinder Morgan, Inc. (KMI) carries a lower debt/equity ratio of 100% versus 2% for South Bow Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — SOBO or KMI or WMB or OKE or TRP?
By revenue growth (latest reported year), ONEOK, Inc.
(OKE) is pulling ahead at 55. 4% versus -24. 0% for South Bow Corporation (SOBO). On earnings-per-share growth, the picture is similar: South Bow Corporation grew EPS 38. 8% year-over-year, compared to -26. 2% for TC Energy Corporation. Over a 3-year CAGR, OKE leads at 13. 7% 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 — SOBO or KMI or WMB or OKE or TRP?
South Bow Corporation (SOBO) is the more profitable company, earning 27.
4% net margin versus 10. 1% for ONEOK, Inc. — meaning it keeps 27. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRP leads at 44. 2% versus 19. 7% for SOBO. At the gross margin level — before operating expenses — TRP leads at 50. 0%, 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 SOBO or KMI or WMB or OKE or TRP 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, Kinder Morgan, Inc. (KMI) is the more undervalued stock at a PEG of 0. 22x versus ONEOK, Inc. 's 0. 48x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, ONEOK, Inc. (OKE) trades at 14. 9x forward P/E versus 30. 9x for The Williams Companies, Inc. — 16. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KMI: 16. 1% to $36. 67.
08Which pays a better dividend — SOBO or KMI or WMB or OKE or TRP?
All stocks in this comparison pay dividends.
South Bow Corporation (SOBO) offers the highest yield at 5. 7%, versus 2. 7% for The Williams Companies, Inc. (WMB).
09Is SOBO or KMI or WMB or OKE or TRP better for a retirement portfolio?
For long-horizon retirement investors, ONEOK, Inc.
(OKE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 17), 4. 8% yield, +162. 8% 10Y return). Both have compounded well over 10 years (OKE: +162. 8%, TRP: +131. 3%), 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 SOBO and KMI and WMB and OKE and TRP?
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: SOBO is a small-cap deep-value stock; KMI is a mid-cap income-oriented stock; WMB is a mid-cap quality compounder stock; OKE is a mid-cap high-growth stock; TRP is a mid-cap income-oriented stock. 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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