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Saturday 17 October 2026 Export WMB’s income statement to Excel — free account

Williams Companies, Inc. (The)

WMB Energy Oil & Gas Midstream

Williams Companies, Inc. (The)’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 13.8% from fiscal 2024. In the quarter to June 2026, revenue grew 9.78%, EPS grew 51.1%, free cash flow fell 195.8% and total debt rose 6.11%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

71.27 2.05 +2.96%
Market cap
$84.7B
P/E
28.3×
Fwd P/E
30.7×
Dividend yield
2.91%
F-score
7/9
Altman Z
1.10
Beneish M
−2.65
Dividend safety
18/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Williams Companies, Inc. (The) (WMB) Debt to equity

Alert me on Debt to equity

Williams Companies, Inc. (The)'s debt to equity at the end of the quarter to 30 June 2026 was 2.0×, up 0.1× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 1.3× (fiscal 2017) to 1.9× (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Midstream industry median of 0.8× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.9× 7.22%
FY2024 1.8× 3.24%
FY2023 1.7× 7.53%
FY2022 1.6× (4.36%)
FY2021 1.7× 9.58%
FY2020 1.5× 12.50%
FY2019 1.4× (2.79%)
FY2018 1.4× 8.25%
FY2017 1.3× (22.34%)
FY2016 1.7× 12.72%

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.0× (1.29%)
Mar 2026 2.0× 4.56%
Dec 2025 1.9× 2.11%
Sep 2025 1.9× (3.01%)
42 more quarters

Against its own ten years

Low 1.3× High 1.9×
Ten-year median 1.6×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
KMI Kinder Morgan, Inc. compare 1.0×
EPD Enterprise Products Partners L.P. compare 1.1×
ET Energy Transfer LP compare 1.4×
OKE ONEOK, Inc. compare 1.4×
TRP TC Energy Corporation compare 1.7×
MPLX MPLX LP compare 1.8×
WMB Williams Companies, Inc. (The) 2.0×
LNG Cheniere Energy, Inc. compare 2.1×
TRGP Targa Resources, Inc. compare 5.2×
Oil & Gas Midstream industry median 0.8×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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