The Williams Companies, Inc. WMB SPX

Energy · Oil & Gas Midstream · United States

https://www.williams.com

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as well as natural gas gathering and processing; and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage assets in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates approximately 32,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

Market & Price

Market Cap

$87.31B

Current Price

$71.39

High / Low (52W)

$79.40 / $55.19

Beta

0.63

Valuation

Stock P/E

31.31

Industry PE

18.25

Forward P/E

27.82

PEG Ratio

2.21

Book Value

$10.45

Price to Book

6.83

P/S

7.21

EV/EBITDA

17.43

Dividend Yield

2.94%

Profitability & Returns

ROCE

9.66%

ROE

19.66%

ROA

4.89%

Profit Margin

23.06%

Op Margin

33.61%

EPS (Latest Qtr)

$0.70

EPS (TTM)

$2.28

Balance Sheet & Liquidity

Debt/Equity

2.00

Quick Ratio

0.62

Current Ratio

0.83

Debt

$30.30B

Total Assets

$58.57B

Current Assets

$3.24B

Working Capital

$-2.86B

Ownership

Promoter Holding

0.45%

Chg in Prom Hold

FII / Inst Holding

89.13%

Chg in FII Hold

0.02%

Financial Snapshot

Enterprise Value

$118.87B

Total Revenue (TTM)

$12.11B

EBITDA

$6.82B

Free Cash Flow

$-190.25M

Operating Cash Flow

$6.07B

Shares Outstanding

1.22B

Gross Margin

63.51%

Payout Ratio

88.82%

Growth (CAGR)

Revenue 5Y

2.91%

Profit 5Y

8.51%

Revenue (YoY)

9.00%

Earnings (YoY)

25.00%

PROS

Excellent profit margin of 23.1%.
Attractive dividend yield of 2.94%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WMB The Williams Companies, Inc. SPX	71.39	31.31	$87.31B	2.94%	9.66%	19.66%	2.91%	8.51%
2	XOM Exxon Mobil Corporation SPX	145.26	24.45	$602.10B	2.84%	11.12%	9.87%	-6.69%	-19.72%
3	CVX Chevron Corporation SPX	182.46	31.73	$363.39B	3.90%	7.21%	6.64%	-7.85%	-29.74%
4	COP ConocoPhillips SPX	113.98	19.32	$138.86B	2.95%	12.63%	11.28%	-9.11%	-24.66%
5	SLB SLB N.V. SPX	54.55	24.03	$81.56B	2.16%	12.08%	14.07%	8.33%	-0.65%
6	VLO Valero Energy Corporation SPX	244.82	17.88	$72.70B	1.96%	8.12%	15.85%	-11.40%	-41.16%
7	MPC Marathon Petroleum Corporation SPX	248.77	16.37	$72.63B	1.57%	13.11%	27.46%	-9.23%	-34.67%
8	EOG EOG Resources, Inc. SPX	133.38	13.13	$71.04B	3.06%	14.00%	18.20%	-8.51%	-13.74%
9	PSX Phillips 66 SPX	175.88	17.40	$70.52B	2.89%	10.78%	14.55%	-8.00%	-26.36%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	2.07B	2.08B	2.28B	2.03B	2.02B	1.99B	1.90B	1.77B	1.92B	2.63B	2.27B	3.75B	4.10B	4.58B	4.97B	3.12B	2.79B	3.06B	3.34B	2.85B	-	-	3.05B	2.78B	2.92B	3.20B	3.03B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.23B	1.08B	1.05B	1.19B	1.14B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.82B	1.70B	1.87B	2.01B	1.89B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	726.00M	753.00M	765.00M	752.00M	749.00M
Operating Income	336.00M	420.00M	311.00M	307.00M	227.00M	392.00M	356.00M	262.00M	-488.00M	345.00M	430.00M	378.00M	274.00M	491.00M	410.00M	501.00M	561.00M	498.00M	628.00M	431.00M	612.00M	641.00M	739.00M	600.00M	355.00M	654.00M	472.00M	820.00M	1.36B	870.00M	994.00M	1.01B	696.00M	-	-	1.09B	945.00M	1.11B	1.26B	1.14B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.86B	1.71B	1.86B	1.98B	2.12B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	349.00M	350.00M	372.00M	371.00M	376.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	922.00M	757.00M	929.00M	1.02B	1.16B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193.00M	174.00M	246.00M	244.00M	244.00M
Net Income	141.00M	140.00M	103.00M	1.68B	70.00M	114.00M	-40.00M	-65.00M	-405.00M	61.00M	373.00M	81.00M	33.00M	152.00M	135.00M	129.00M	195.00M	310.00M	221.00M	-517.00M	303.00M	309.00M	426.00M	304.00M	165.00M	380.00M	400.00M	600.00M	927.00M	460.00M	654.00M	632.00M	401.00M	-	-	691.00M	546.00M	647.00M	734.00M	865.00M
Diluted EPS	0.20	0.20	0.15	2.22	0.09	0.15	-0.05	-0.09	-0.54	0.08	0.45	0.10	0.04	0.18	0.16	0.13	0.16	0.26	0.18	-0.43	0.25	0.25	0.35	0.25	0.13	0.31	0.33	0.49	0.76	0.38	0.54	0.52	0.33	0.58	-	0.56	0.45	0.53	-	0.70

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	8.60B	8.14B	7.65B	-	10.96B	10.91B	10.50B	11.95B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.47B	4.11B	4.34B	4.55B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.50B	6.80B	6.17B	7.40B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.48B	2.61B	2.83B	3.00B
Operating Income	1.79B	2.53B	1.11B	1.41B	1.87B	1.61B	1.38B	1.57B	226.00M	689.00M	927.00M	768.00M	1.92B	2.20B	-	3.02B	4.19B	3.34B	4.41B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.70B	7.71B	6.57B	7.41B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.15B	1.24B	1.36B	1.44B
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.54B	4.41B	2.99B	3.62B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425.00M	1.00B	640.00M	857.00M
Net Income	990.00M	1.42B	285.00M	-1.10B	376.00M	859.00M	430.00M	2.11B	-571.00M	-424.00M	2.17B	-155.00M	850.00M	211.00M	-	2.05B	3.18B	2.23B	2.62B
Diluted EPS	1.63	2.40	0.49	-1.86	0.63	1.37	0.62	2.92	-0.76	-0.57	2.62	-0.16	0.70	0.17	-	1.67	2.60	1.82	2.14

Compounded Sales Growth

5 Years:	2.91%
1 Year:	9.00%

Compounded Profit Growth

5 Years:	8.51%
1 Year:	25.00%

Stock Price Performance

1 Year:	+21.84%
6 Months:	+22.11%
3 Months:	-3.77%
1 Month:	-2.63%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	26.01B	25.28B	24.97B	16.50B	24.33B	27.14B	50.45B	49.02B	46.84B	46.35B	45.30B	46.04B	44.16B	-	48.43B	52.63B	54.53B	58.57B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.80B	4.51B	2.66B	3.24B
Cash & Equivalents	2.27B	1.70B	1.44B	1.87B	758.00M	889.00M	839.00M	681.00M	240.00M	100.00M	170.00M	899.00M	168.00M	289.00M	142.00M	-	152.00M	2.15B	60.00M	63.00M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320.00M	274.00M	279.00M	314.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.77B	1.66B	1.86B	2.08B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34.39B	37.74B	39.69B	43.58B
Current Liabilities	-	-	3.52B	2.48B	2.57B	1.68B	1.55B	1.98B	2.57B	2.50B	2.95B	2.65B	1.81B	3.97B	2.32B	-	4.89B	5.83B	5.31B	6.11B
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21.93B	23.38B	24.74B	27.32B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.93B	26.46B	26.94B	29.39B
Total Equity	-	-	8.44B	8.45B	7.29B	1.30B	4.75B	4.86B	8.78B	6.15B	4.64B	9.66B	14.66B	13.36B	11.77B	-	11.48B	12.40B	12.44B	12.81B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.25B	1.26B	1.26B	1.26B

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	2.24B	3.35B	2.57B	2.65B	3.44B	1.83B	2.22B	2.12B	2.71B	4.16B	3.09B	3.29B	3.69B	3.50B	-	4.89B	5.94B	4.97B	5.90B
Investing Cash Flow	-2.30B	-3.18B	-2.31B	-4.30B	-3.00B	-6.92B	-4.05B	-10.16B	-3.30B	-891.00M	100.00M	-2.73B	-2.83B	-1.56B	-	-3.38B	-3.89B	-4.86B	-5.49B
Financing Cash Flow	-511.00M	-432.00M	166.00M	573.00M	-342.00M	5.04B	1.68B	7.60B	451.00M	-3.19B	-2.46B	-1.30B	-745.00M	-2.08B	-	-3.04B	-49.00M	-2.20B	-406.00M
Capital Expenditure	-	-	-	-	-2.80B	-2.53B	-3.57B	-4.03B	-3.17B	-2.05B	-2.40B	-3.26B	-2.11B	-1.24B	-	-2.28B	-2.57B	-2.68B	-5.00B
Free Cash Flow	-	-	-	-	643.00M	-694.00M	-1.35B	-1.92B	-459.00M	2.10B	690.00M	37.00M	1.58B	2.26B	-	2.61B	3.37B	2.30B	899.00M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.53B	2.00B	-2.09B	3.00M
Share Buybacks	-526.00M	474.00M	0	-	-	-	-	-	-	-	-	-	-	-	0	9.00M	130.00M	0	0

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.2%	62.4%	58.7%	62.0%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	8.9%	23.6%	28.8%	-	27.5%	38.4%	31.8%	36.9%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-1.8%	10.4%	2.8%	-	18.7%	29.1%	21.2%	21.9%
ROE %	-	16.8%	3.4%	-15.1%	29.0%	18.1%	8.8%	24.1%	-9.3%	-9.1%	22.5%	-1.1%	6.4%	1.8%	-	17.8%	25.6%	17.9%	20.4%
ROCE %	-	11.3%	4.9%	6.3%	12.6%	7.1%	5.5%	3.3%	0.5%	1.6%	2.1%	1.8%	4.6%	5.3%	-	6.9%	9.0%	6.8%	8.4%

Shareholding Pattern

Insiders

0.45%

Institutions

89.13%

Public Float

89.53%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	9.16%	111.87M	$7.99B
2	Vanguard Capital Management LLC	6.50%	79.36M	$5.67B
3	State Street Corporation	5.98%	72.99M	$5.21B
4	Bank of America Corporation	3.64%	44.46M	$3.17B
5	Vanguard Portfolio Management LLC	3.54%	43.27M	$3.09B
6	Morgan Stanley	2.76%	33.74M	$2.41B
7	Geode Capital Management, LLC	2.42%	29.59M	$2.11B
8	ClearBridge Investments, LLC	1.90%	23.24M	$1.66B
9	Wellington Management Group, LLP	1.89%	23.08M	$1.65B
10	JPMORGAN CHASE & CO	1.81%	22.06M	$1.57B

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for WMB

No recent headlines available.

WMB · Energy