Oil & Gas Midstream
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Side-by-side financial analysisStock Comparison
SOBO vs TRP vs ENB vs KMI vs WMB
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 TRP vs ENB vs KMI vs WMB — 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 | $70.49B | $119.12B | $70.28B | $89.43B |
| Revenue (TTM) | $1.62B | $15.14B | $77.97B | $17.52B | $11.92B |
| Net Income (TTM) | $397M | $3.52B | $7.57B | $3.31B | $2.84B |
| Gross Margin | 37.9% | 49.8% | 30.8% | 46.9% | 62.8% |
| Operating Margin | 26.6% | 44.0% | 15.8% | 28.6% | 38.8% |
| Forward P/E | 20.4x | 18.7x | 19.0x | 21.6x | 30.9x |
| Total Debt | $5.78B | $60.95B | $145.99B | $32.39B | $29.36B |
| Cash & Equiv. | $574M | $261M | $1.50B | $109M | $63M |
SOBO vs TRP vs ENB vs KMI vs WMB — 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% |
| TC Energy Corporati… (TRP) | 100 | 145.6 | +45.6% |
| Enbridge Inc. (ENB) | 100 | 135.0 | +35.0% |
| Kinder Morgan, Inc. (KMI) | 100 | 128.9 | +28.9% |
| The Williams Compan… (WMB) | 100 | 139.6 | +39.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SOBO vs TRP vs ENB vs KMI vs WMB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SOBO has the current edge in this matchup, primarily because of its strength in 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 ENB's 9.7%
TRP is the #2 pick in this set and the best alternative if value and momentum is your priority.
- Lower P/E (18.7x vs 30.9x)
- +47.0% vs KMI's +18.8%
ENB ranks third and is worth considering specifically for growth exposure.
- Rev growth 21.9%, EPS growth 38.5%, 3Y rev CAGR 6.9%
- 21.9% revenue growth vs SOBO's -24.0%
- 6.7% yield, 2-year raise streak, vs KMI's 3.7%
KMI is the clearest fit if your priority is valuation efficiency.
- PEG 0.22 vs ENB's 1.12
WMB is the clearest fit if your priority is long-term compounding.
- 300.0% 10Y total return vs KMI's 127.9%
- 4.9% ROA vs TRP's 3.0%, ROIC 7.7% vs 5.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs SOBO's -24.0% | |
| Value | Lower P/E (18.7x vs 30.9x) | |
| Quality / Margins | 24.5% margin vs ENB's 9.7% | |
| Stability / Safety | Beta 0.01 vs WMB's 0.09 | |
| Dividends | 6.7% yield, 2-year raise streak, vs KMI's 3.7% | |
| Momentum (1Y) | +47.0% vs KMI's +18.8% | |
| Efficiency (ROA) | 4.9% ROA vs TRP's 3.0%, ROIC 7.7% vs 5.2% |
SOBO vs TRP vs ENB vs KMI vs WMB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
SOBO vs TRP vs ENB vs KMI vs WMB — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
WMB leads in 2 of 6 categories
SOBO leads 0 • TRP leads 0 • ENB leads 0 • KMI leads 0 • 4 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)
ENB is the larger business by revenue, generating $78.0B annually — 48.0x SOBO's $1.6B. SOBO is the more profitable business, keeping 24.5% of every revenue dollar as net income compared to ENB's 9.7%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.6B | $15.1B | $78.0B | $17.5B | $11.9B |
| EBITDAEarnings before interest/tax | $662M | $9.4B | $18.6B | $7.5B | $6.8B |
| Net IncomeAfter-tax profit | $397M | $3.5B | $7.6B | $3.3B | $2.8B |
| Free Cash FlowCash after capex | $609M | $2.1B | $2.0B | $3.9B | $722M |
| Gross MarginGross profit ÷ Revenue | +37.9% | +49.8% | +30.8% | +46.9% | +62.8% |
| Operating MarginEBIT ÷ Revenue | +26.6% | +44.0% | +15.8% | +28.6% | +38.8% |
| Net MarginNet income ÷ Revenue | +24.5% | +23.2% | +9.7% | +18.9% | +23.8% |
| FCF MarginFCF ÷ Revenue | +37.5% | +13.6% | +2.6% | +22.2% | +6.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -16.2% | +199.4% | +69.0% | +13.5% | -0.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -14.3% | +1.1% | +1.9% | +37.5% | +24.6% |
Valuation Metrics
Evenly matched — SOBO and ENB and KMI each lead in 2 of 7 comparable metrics.
Valuation Metrics
At 17.0x trailing earnings, SOBO trades at a 50% valuation discount to WMB's 34.2x P/E. Adjusting for growth (PEG ratio), KMI offers better value at 0.24x vs ENB's 1.40x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $7.5B | $70.5B | $119.1B | $70.3B | $89.4B |
| Enterprise ValueMkt cap + debt − cash | $12.7B | $113.5B | $221.6B | $102.6B | $118.7B |
| Trailing P/EPrice ÷ TTM EPS | 17.00x | 29.20x | 23.75x | 23.06x | 34.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.43x | 18.67x | 18.95x | 21.58x | 30.92x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 1.40x | 0.24x | 0.52x |
| EV / EBITDAEnterprise value multiple | 22.31x | 16.88x | 18.80x | 14.12x | 17.59x |
| Price / SalesMarket cap ÷ Revenue | 4.64x | 6.55x | 2.58x | 4.15x | 7.48x |
| Price / BookPrice ÷ Book value/share | 2.77x | 2.69x | 1.86x | 2.17x | 5.95x |
| Price / FCFMarket cap ÷ FCF | 13.64x | 47.82x | 37.14x | 21.82x | 88.98x |
Profitability & Efficiency
WMB 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 ENB's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +16.1% | +9.4% | +10.0% | +10.3% | +19.0% |
| ROA (TTM)Return on assets | +3.8% | +3.0% | +3.1% | +4.5% | +4.9% |
| ROICReturn on invested capital | +3.0% | +5.2% | +4.1% | +5.6% | +7.7% |
| ROCEReturn on capital employed | +3.3% | +6.2% | +4.5% | +7.0% | +8.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 4 | 8 | 7 |
| Debt / EquityFinancial leverage | 2.14x | 1.65x | 1.61x | 1.00x | 1.96x |
| Net DebtTotal debt minus cash | $5.2B | $60.7B | $144.5B | $32.3B | $29.3B |
| Cash & Equiv.Liquid assets | $574M | $261M | $1.5B | $109M | $63M |
| Total DebtShort + long-term debt | $5.8B | $60.9B | $146.0B | $32.4B | $29.4B |
| Interest CoverageEBIT ÷ Interest expense | 1.78x | 2.66x | 7.85x | 2.86x | 3.37x |
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 $17,156 for ENB. Over the past 12 months, TRP leads with a +47.0% total return vs KMI's +18.8%. The 3-year compound annual growth rate (CAGR) favors WMB at 37.1% vs ENB's 19.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +30.4% | +22.2% | +16.3% | +16.1% | +21.9% |
| 1-Year ReturnPast 12 months | +45.0% | +47.0% | +27.4% | +18.8% | +27.1% |
| 3-Year ReturnCumulative with dividends | +74.4% | +104.5% | +69.8% | +110.4% | +157.7% |
| 5-Year ReturnCumulative with dividends | +74.4% | +73.1% | +71.6% | +111.0% | +216.1% |
| 10-Year ReturnCumulative with dividends | +74.4% | +131.3% | +87.2% | +127.9% | +300.0% |
| CAGR (3Y)Annualised 3-year return | +20.4% | +26.9% | +19.3% | +28.1% | +37.1% |
Risk & Volatility
Evenly matched — TRP and KMI each lead in 1 of 2 comparable metrics.
Risk & Volatility
KMI is the less volatile stock with a -0.03 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 KMI's 90.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | 0.07x | -0.01x | -0.03x | 0.09x |
| 52-Week HighHighest price in past year | $38.45 | $71.47 | $58.45 | $34.80 | $80.08 |
| 52-Week LowLowest price in past year | $25.02 | $46.29 | $43.59 | $25.60 | $55.82 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +94.7% | +93.3% | +90.8% | +91.3% |
| RSI (14)Momentum oscillator 0–100 | 46.7 | 50.3 | 42.4 | 43.6 | 41.6 |
| Avg Volume (50D)Average daily shares traded | 763K | 1.9M | 3.9M | 9.5M | 5.6M |
Analyst Outlook
Evenly matched — ENB and KMI and WMB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SOBO as "Hold", TRP as "Buy", ENB as "Buy", KMI as "Hold", WMB as "Buy". Consensus price targets imply 16.1% upside for KMI (target: $37) vs -14.1% for ENB (target: $47). For income investors, ENB offers the higher dividend yield at 6.70% vs WMB's 2.74%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $31.80 | $62.00 | $46.86 | $36.67 | $83.75 |
| # AnalystsCovering analysts | 6 | 19 | 25 | 34 | 34 |
| Dividend YieldAnnual dividend ÷ price | +5.7% | +3.5% | +6.7% | +3.7% | +2.7% |
| Dividend StreakConsecutive years of raises | 2 | 0 | 2 | 8 | 8 |
| Dividend / ShareAnnual DPS | $2.03 | $3.37 | $5.16 | $1.17 | $2.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% | 0.0% | 0.0% | 0.0% |
WMB leads in 2 of 6 categories — strongest in Profitability & Efficiency and Total Returns. 4 categories are tied.
SOBO vs TRP vs ENB vs KMI vs WMB: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SOBO or TRP or ENB or KMI 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 -24. 0% for South Bow Corporation (SOBO). South Bow Corporation (SOBO) offers the better valuation at 17. 0x trailing P/E (20. 4x forward), making it the more compelling value choice. Analysts rate TC Energy Corporation (TRP) a "Buy" — based on 19 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 TRP or ENB or KMI or WMB?
On trailing P/E, South Bow Corporation (SOBO) is the cheapest at 17.
0x versus The Williams Companies, Inc. at 34. 2x. On forward P/E, TC Energy Corporation is actually cheaper at 18. 7x — notably different from the trailing picture, reflecting expected earnings growth. 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 Enbridge Inc. 's 1. 12x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SOBO or TRP or ENB or KMI or WMB?
Over the past 5 years, The Williams Companies, Inc.
(WMB) delivered a total return of +216. 1%, compared to +71. 6% for Enbridge Inc. (ENB). 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 TRP or ENB or KMI or WMB?
By beta (market sensitivity over 5 years), Kinder Morgan, Inc.
(KMI) is the lower-risk stock at -0. 03β versus The Williams Companies, Inc. 's 0. 09β — meaning WMB is approximately -391% more volatile than KMI 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 TRP or ENB or KMI or WMB?
By revenue growth (latest reported year), Enbridge Inc.
(ENB) is pulling ahead at 21. 9% 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, TRP leads at 7. 3% 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 TRP or ENB or KMI or WMB?
South Bow Corporation (SOBO) is the more profitable company, earning 27.
4% net margin versus 11. 5% for Enbridge 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 16. 8% for ENB. 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 TRP or ENB or KMI 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, Kinder Morgan, Inc. (KMI) is the more undervalued stock at a PEG of 0. 22x versus Enbridge Inc. 's 1. 12x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TC Energy Corporation (TRP) trades at 18. 7x forward P/E versus 30. 9x for The Williams Companies, Inc. — 12. 3x 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 TRP or ENB or KMI or WMB?
All stocks in this comparison pay dividends.
Enbridge Inc. (ENB) offers the highest yield at 6. 7%, versus 2. 7% for The Williams Companies, Inc. (WMB).
09Is SOBO or TRP or ENB or KMI 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. 09), 2. 7% yield, +300. 0% 10Y return). Both have compounded well over 10 years (WMB: +300. 0%, 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 TRP and ENB and KMI 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: SOBO is a small-cap deep-value stock; TRP is a mid-cap income-oriented stock; ENB is a mid-cap high-growth stock; KMI is a mid-cap income-oriented stock; WMB is a mid-cap quality compounder 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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