PEMBINA PIPELINE CORPORATION vs Woodside Energy Group Ltd, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Free-cash yield defines this pair: Woodside at 20% against Pembina's 8.85%, the Australian LNG producer throwing off more than double the Canadian pipeline's cash relative to price. But Pembina earns the steadier return, 10.1% on equity against Woodside's 6.87%, its contracted tolls smoothing what Woodside's development-heavy LNG cannot. Pembina nets 21.8% of revenue, Woodside 21.1%, a near-tie. Both run debt-free. Pembina trades dearer, 24 times earnings against 13.2, the midstream stability commanding a premium over the producer's commodity exposure. The pair prices a pipeline against an LNG producer; Pembina tolls the throughput for steady returns, Woodside sells the gas for the fatter yield, and the market pays up for Pembina's contracted predictability.
Comparison updated 2026-07-11.
| Metric | PBA | WDS |
|---|---|---|
| Price | $47.20 | $18.95 |
| Market cap | $27.4B | $35.9B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -2.7% | — |
| P/E | 24.0 | 13.2 |
| P/B | 2.22 | 0.90 |
| P/S | 4.80 | 2.77 |
| EV/EBITDA | 13.2 | 7.8 |
| Revenue growth | +2.8% | +29.4% |
| Gross margin | 41.0% | 34.9% |
| Operating margin | 36.1% | 29.9% |
| Net margin | 21.8% | 21.1% |
| Return on equity | 10.1% | 6.9% |
| Return on assets | 4.8% | 4.1% |
| Return on invested capital | 12.9% | 7.8% |
| FCF yield | 8.8% | 20.0% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 0.61 | 1.59 |
| Altman Z (solvency) | 1.64 | 1.27 |
| Piotroski F (quality) | 5 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.