| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 1 | 1 | 2 | 1 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 2.11 |
—
—
—
|
| 2025 | 2.00 |
—
—
—
—
|
| 2024 | 1.90 |
—
—
—
—
|
| 2023 | 1.79 |
—
—
—
—
|
| 2022 | 1.70 |
—
—
—
—
|
| 2021 | 1.64 |
—
—
—
—
|
| 2020 | 1.60 |
—
—
—
—
|
| 2019 | 1.52 |
—
—
—
—
|
| 2018 | 1.36 |
—
—
—
—
|
| 2017 | 1.20 |
—
—
—
—
|
| 2016 | 1.68 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 2,150.00 | 60.00 | 63.00 | 203.00 |
| Receivables | 1,655.00 | 1,863.00 | 2,084.00 | 1,968.00 |
| Inventory | 274.00 | 279.00 | 314.00 | 335.00 |
| Other | 434.00 | 459.00 | 783.00 | 617.00 |
| 4,513.00 | 2,661.00 | 3,244.00 | 3,123.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1,379.00 | 1,613.00 | 2,224.00 | 2,220.00 |
| ST’ Debt | 2,337.00 | 1,720.00 | 1,345.00 | 2,197.00 |
| Other | 105.00 | 164.00 | 198.00 | 136.00 |
| 5,830.00 | 5,312.00 | 6,106.00 | 6,546.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3,030.00 | 3,053.00 | — | — |
—
|
| ’25 | 3,048.00 | 2,781.00 | 2,923.00 | 3,198.00 |
11,950.00
|
| ’24 | 2,771.00 | 2,336.00 | 2,653.00 | 2,743.00 |
10,503.00
|
| ’23 | 3,081.00 | 2,483.00 | 2,559.00 | 2,784.00 |
10,907.00
|
| ’22 | 2,524.00 | 2,490.00 | 3,021.00 | 2,930.00 |
10,965.00
|
| ’21 | 2,612.00 | 2,283.00 | 2,475.00 | 3,257.00 |
10,627.00
|
| ’20 | 1,913.00 | 1,781.00 | 1,933.00 | 2,092.00 |
7,719.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,603.00 | 1,376.00 | — | — |
—
|
| ’25 | 1,433.00 | 1,450.00 | 1,439.00 | 1,576.00 |
5,898.00
|
| ’24 | 1,234.00 | 1,279.00 | 1,243.00 | 1,218.00 |
4,974.00
|
| ’23 | 1,514.00 | 1,377.00 | 1,234.00 | 1,813.00 |
5,938.00
|
| ’22 | 1,082.00 | 1,098.00 | 1,490.00 | 1,219.00 |
4,889.00
|
| ’21 | 915.00 | 1,057.00 | 834.00 | 1,139.00 |
3,945.00
|
| ’20 | 787.00 | 1,143.00 | 452.00 | 1,114.00 |
3,496.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 244.00 | (458.00) | — | — |
—
|
| ’25 | 421.00 | 478.00 | 405.00 | (405.00) |
899.00
|
| ’24 | 695.00 | 668.00 | 515.00 | 418.00 |
2,296.00
|
| ’23 | 962.00 | 753.00 | 532.00 | 1,124.00 |
3,371.00
|
| ’22 | 785.00 | 778.00 | 641.00 | 402.00 |
2,606.00
|
| ’21 | 654.00 | 628.00 | 572.00 | 844.00 |
2,698.00
|
| ’20 | 478.00 | 823.00 | 113.00 | 807.00 |
2,221.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.70 | 0.68 | — | — |
—
|
| ’25 | 0.56 | 0.45 | 0.53 | 0.60 |
2.14
|
| ’24 | 0.52 | 0.33 | 0.58 | 0.40 |
1.82
|
| ’23 | 0.76 | 0.38 | 0.54 | 0.94 |
2.60
|
| ’22 | 0.31 | 0.33 | 0.49 | 0.55 |
1.67
|
| ’21 | 0.35 | 0.25 | 0.13 | 0.51 |
1.24
|
| ’20 | (0.43) | 0.25 | 0.25 | 0.09 |
0.17
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 26.02 | 27.80 | 32.65 | 51.58 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.97 | 37.45 | 60.36 | 65.55 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,043 | 5,601 | 5,829 | 5,987 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.17 | 1.95 | 1.80 | 2.00 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,965.00 | 10,907.00 | 10,503.00 | 11,950.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.27% | 82.73% | 80.24% | 82.15% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,542.00 | 4,405.00 | 2,986.00 | 3,625.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.18% | 40.39% | 28.43% | 30.33% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,117.00 | 3,303.00 | 2,346.00 | 2,768.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,082.00 | 2,148.00 | 2,318.00 | 2,440.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.00 | 8.95 | 8.62 | 9.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.68 | 2.61 | 1.82 | 2.14 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.01 | 4.88 | 4.08 | 4.83 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.87) | (2.11) | (2.20) | (4.09) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 2.14 | 2.77 | 1.88 | 0.74 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.53 | 12.23 | 12.17 | 12.28 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,218.36 | 1,218.00 | 1,219.00 | 1,221.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.14 | 13.56 | 29.57 | 27.96 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.57 | 3.97 | 6.28 | 6.14 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.80 | 2.91 | 4.46 | 4.91 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.62 | 6.13 | 8.79 | 8.53 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.63 | 19.82 | 40.23 | 113.45 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,889.00 | 5,938.00 | 4,974.00 | 5,898.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2,283.00) | (2,567.00) | (2,678.00) | (4,999.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,606.00 | 3,371.00 | 2,296.00 | 899.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,093.00) | (1,317.00) | (2,651.00) | (2,862.00) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22,554.00 | 25,713.00 | 26,456.00 | 28,661.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22,402.00 | 23,563.00 | 26,396.00 | 28,598.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14,045.00 | 14,891.00 | 14,840.00 | 14,995.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.26% | 6.29% | 4.15% | 4.62% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.18% | 7.01% | 5.06% | 6.02% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.57% | 22.01% | 14.98% | 17.57% | — | — | — |
ROE
|
Williams Companies (WMB), a vital player in North American natural gas pipelines, has shown remarkable resilience through energy volatility, delivering 5.5% revenue CAGR from 2016-2022 and a post-COVID rebound that propelled EBT from losses to $4.41 billion in 2023, with ROE peaking at 22%. Stock gains of 80% from 2020 lows mirror this profitability surge, driven by LNG export booms and basin expansions, yet it now trades 8% below average analyst targets—hinting at 16% upside potential amid robust fee-based margins above 70%.
Challenges loom with capex surging to $5 billion in 2025, pressuring FCF to $0.74/share and swelling debt to $26.5 billion, while insider selling (13 transactions, no buys) signals caution. Analysts forecast revenue acceleration to $14 billion by 2027 on LNG demand doubling, AI data center power needs, and EU shifts from Russian gas, with EPS growing modestly to $2.63—tempered by leverage risks and energy transition headwinds.
Valuation at premium PS and EV/Sales multiples evokes midstream peers’ past pitfalls, but a 5-6% yield and infrastructure moats offer appeal. Is WMB poised for LNG-fueled gains or a debt-laden pause? Dive into the full analysis for the data-driven narrative.
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