PBA vs MPLX vs WMB Stock Comparison

Pembina Pipeline, Mplx and Williams Companies Prices as of Oct 27, 2026 Peers: Industry group
PBA Pembina Pipeline Corp
$49.95 +11.8% 1M +31.4% 1Y
Market cap
$29.02B
P/E
18.4x
Revenue (TTM)
$7.84B
Div. yield
5.77%
Oil and Gas Pipelines Energy
1 win
MPLX Mplx Lp
$58.09 +2.3% 1M +14.3% 1Y
Market cap
$58.90B
P/E
12.5x
Revenue (TTM)
$13.22B
Div. yield
7.43%
Oil and Gas Pipelines Energy
7 wins
WMB Williams Companies, Inc.
$74.10 +7.0% 1M +28.5% 1Y
Market cap
$90.64B
P/E
26.8x
Revenue (TTM)
$12.20B
Div. yield
2.82%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Mplx leads on 7 of the 12 questions below (Mplx 7, Williams Companies 4, Pembina Pipeline 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBAMPLXWMBLeader
Larger companyMarket capitalisation $29.02B $58.90B $90.64B WMB
Cheaper on earningsLower P/E, profitable companies only 18.4x 12.5x 26.8x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.4x 14.2x 28.8x MPLX
Faster revenue growthRevenue growth, trailing twelve months +0.9% +8.7% +8.7% WMB
More profitableNet margin, trailing twelve months 20.1% 35.8% 27.7% MPLX
Better return on capitalReturn on invested capital 8.3% 14.6% — MPLX
Less leveragedLower net debt / EBITDA 3.1x 3.4x 0.9x WMB
Higher dividend yieldTrailing dividend yield 5.77% 7.43% 2.82% MPLX
Better 1-year returnPrice return, last 12 months +31.4% +14.3% +28.5% PBA
Better 5-year returnAnnualised price return, 5 years +8.3%/yr +13.8%/yr +21.1%/yr WMB
Less volatileAnnualised volatility, 1 year 20.3% 17.1% 25.0% MPLX
Higher overall scoreMean of the five percentile scores vs peers 57/100 59/100 39/100 MPLX

Percentile Scorecard

PBAMPLXWMB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPBAMPLXWMB
Valuation 79 #8 of 35 41 #21 of 35 3 #34 of 35
Growth 21 #27 of 34 27 #25 of 34 42 #20 of 34
Profitability 55 #16 of 34 94 #3 of 34 76 #9 of 34
Financial Health 88 #5 of 35 62 #14 of 35 56 #16 of 35
Shareholder Returns 40 #19 of 31 70 #10 of 31 20 #25 of 31
Overall 57 59 39
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • MPLX ranked among 35 companies in Oil and Gas Midstream
  • WMB ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPBAMPLXWMBSPY
1 month +11.8%+2.3%+7.0% -0.2%
3 months +0.1%-1.9%+5.6% +3.9%
6 months +12.8%+5.5%+1.5% +8.2%
Year to date +31.2%+8.8%+23.3% +12.9%
1 year +31.4%+14.3%+28.5% +12.3%
3 years +64.1%+62.8%+117.6% +87.4%
3 years, per year +18.0%+17.6%+29.6% +23.3%
5 years +49.2%+90.5%+160.7% +67.9%
5 years, per year +8.3%+13.8%+21.1% +10.9%
10 years +60.3%+72.4%+152.4% +261.1%
10 years, per year +4.8%+5.6%+9.7% +13.7%

Risk

MeasurePBAMPLXWMBSPY
Volatility, 1Y 20.3%17.1%25.0% 12.7%
Downside volatility, 1Y 20.8%17.9%24.8% 12.7%
Beta vs S&P 500, 1Y -0.23-0.050.04 1.00
Return / volatility, 1Y 1.550.841.14 0.97
Max drawdown, 5Y -32.6%-20.1%-25.2% -25.4%
From 52-week high -2.8%-3.9%-6.7% -1.2%
52-week high $51.38$60.43$79.40 $779.14
52-week low $36.52$50.29$56.51 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePBAMPLXWMB
P/E now vs peer median 18.4xmedian 20.9x 12.5xmedian 20.9x 26.8xmedian 20.9x
P/S now vs peer median 3.7xmedian 2.7x 4.5xmedian 2.7x 7.4xmedian 2.7x
EV/EBITDA now vs peer median 10.8xmedian 11.0x 11.4xmedian 11.0x 13.9xmedian 11.0x
P/FCF now vs peer median 8.3xmedian 16.5x 17.7xmedian 16.5x -839.2xmedian 16.5x
P/B now vs peer median 1.7xmedian 2.6x 4.1xmedian 2.6x 6.9xmedian 2.6x
PEG now vs peer median —median 1.95 2.39median 1.95 3.25median 1.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPBAMPLXWMB
Revenue $7.84B $13.22B $12.20B
Gross profit $3.30B $11.61B $10.12B
Operating income $2.83B $5.88B $4.66B
Net income $1.71B $4.77B $3.24B
Free cash flow $3.49B $3.34B -$108.00M
EPS (diluted) $2.71 $4.66 $2.76
Cash & equivalents $153.00M $1.03B $203.00M
Total debt $12.08B $26.01B $6.64B
Shares (diluted) 582.00M 1.02B 1.23B
Enterprise value $28.47B $52.46B $89.35B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPBAMPLXWMB
P/E 18.4x 12.5x 26.8x
P/FCF 8.3x 17.7x -839.2x
P/Operating cash flow 10.0x 9.9x 15.1x
P/S 3.7x 4.5x 7.4x
P/B 1.7x 4.1x 6.9x
P/Tangible book 1.7x 4.6x 6.9x
EV/EBITDA 10.8x 11.4x 13.9x
EV/EBIT 14.5x 14.3x 20.8x
EV/Revenue 5.2x 6.3x 8.0x
EV/FCF 11.7x 25.1x -898.8x
EV/Operating cash flow 14.1x 14.0x 16.2x
PEG (3Y EPS CAGR) – 2.39 3.25

Growth

14 metrics
MetricPBAMPLXWMB
Revenue growth (1Y) 0.9% 8.7% 8.7%
Revenue CAGR (3Y) – 4.9% 2.0%
Gross profit growth (1Y) 0.9% 9.5% 12.4%
Gross profit CAGR (3Y) – 2.5% 5.1%
Operating income growth (1Y) 27.9% 11.4% 27.0%
Operating income CAGR (3Y) – 4.8% 4.2%
Net income growth (1Y) -3.9% 9.6% 26.2%
Net income CAGR (3Y) – 4.7% 5.4%
EPS growth (1Y) -3.0% 10.6% 39.2%
EPS CAGR (3Y) – 5.2% 8.2%
Operating cash flow growth (1Y) -16.0% -1.6% 12.2%
Operating cash flow CAGR (3Y) – 5.6% 2.3%
Free cash flow growth (1Y) -14.7% -32.1% -105.7%
Free cash flow CAGR (3Y) – -6.8% -26.8%

Profitability

14 metrics
MetricPBAMPLXWMB
Gross margin 42.1% 87.8% 82.9%
EBITDA margin 48.5% 55.4% 57.3%
Operating margin 36.1% 44.4% 38.2%
Pretax margin 28.2% 36.1% 34.7%
Net margin 20.1% 35.8% 27.7%
FCF margin 44.5% 25.2% -0.9%
Operating cash flow margin 37.0% 45.2% 49.1%
Return on equity 10.1% 33.4% 24.7%
Return on assets 4.7% 11.1% 5.8%
Return on invested capital 8.3% 14.6% –
Return on capital employed – 14.8% 8.7%
Asset turnover 0.2x 0.3x 0.2x
Cash conversion (OCF / net income) 1.7x 1.3x 1.8x
Stock comp / revenue 1.4% – –

Financial Health

11 metrics
MetricPBAMPLXWMB
Debt / assets 33.3% 60.5% 11.0%
Debt / equity 0.7x 1.8x 0.5x
Net debt / EBITDA 3.1x 3.4x 0.9x
Debt / FCF 3.5x 7.8x -61.5x
Liabilities / assets 52.9% 66.8% 78.2%
Equity / assets 47.1% 33.2% 21.8%
Interest coverage 4.6x 5.3x 3.1x
Current ratio – 0.9x 0.5x
Quick ratio – 0.8x 0.3x
Cash ratio – 0.3x 0.0x
Altman Z-score – – 1.26

Shareholder Returns

7 metrics
MetricPBAMPLXWMB
Dividend yield 5.8% 7.4% 2.8%
Net buyback yield -0.7% 0.5% –
Shareholder yield 5.1% 7.9% 2.8%
Payout ratio (earnings) – 89.3% –
Payout ratio (FCF) – 127.5% –
Dividend growth (1Y) – 12.3% –
Dividend CAGR (3Y) – 11.8% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPBAMPLXWMB
Forward P/E 21.4xFY2026 14.2xFY2026 28.8xFY2026
EPS, next fiscal year $2.33FY2026 $4.10FY2026 $2.57FY2026
EPS growth, next FY +20.1%FY2026 -14.9%FY2026 +22.4%FY2026
EPS growth, the year after +0.4% +13.7% -2.7%
Revenue, next fiscal year $6.58BFY2026 $13.68BFY2026 $12.71BFY2026
Revenue growth, next FY +16.3%FY2026 +5.2%FY2026 +6.4%FY2026
Revenue growth, the year after -6.2% -4.0% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBAMPLXWMB
Held by institutions – 18.8% 89.4%
Institutions holding – 625 1,833
Change in shares held, QoQ – -3.3% +4.2%
Institutions buying – 301 886
Institutions selling – 144 658
Buyers to sellers – 2.09 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PBAMPLXWMB
PBA 1.00 0.46 0.52
MPLX 0.46 1.00 0.37
WMB 0.52 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBA, MPLX and WMB?

Williams Companies (WMB) is the largest by market capitalisation: Pembina Pipeline (PBA) $29.02B, Mplx (MPLX) $58.90B, Williams Companies (WMB) $90.64B.

Which stock is cheaper, PBA, MPLX and WMB?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (Pembina Pipeline (PBA) 18.4x, Mplx (MPLX) 12.5x, Williams Companies (WMB) 26.8x). On next year's consensus earnings, Mplx (MPLX) is cheapest (Pembina Pipeline (PBA) 21.4x, Mplx (MPLX) 14.2x, Williams Companies (WMB) 28.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Williams Companies (WMB) grew revenue fastest over the trailing twelve months: Pembina Pipeline (PBA) +0.9%, Mplx (MPLX) +8.7%, Williams Companies (WMB) +8.7%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (Pembina Pipeline (PBA) 20.1%, Mplx (MPLX) 35.8%, Williams Companies (WMB) 27.7%). On return on invested capital, Mplx (MPLX) leads (Pembina Pipeline (PBA) 8.3%, Mplx (MPLX) 14.6%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Pembina Pipeline (PBA) +31.4%, Mplx (MPLX) +14.3%, Williams Companies (WMB) +28.5%. Over five years, Williams Companies (WMB) compounded fastest (Pembina Pipeline (PBA) +8.3%/yr, Mplx (MPLX) +13.8%/yr, Williams Companies (WMB) +21.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: Pembina Pipeline (PBA) 5.77%, Mplx (MPLX) 7.43%, Williams Companies (WMB) 2.82%.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (Pembina Pipeline (PBA) 20.3%, Mplx (MPLX) 17.1%, Williams Companies (WMB) 25.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBA, MPLX and WMB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mplx (MPLX) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.