Williams Companies, Inc. (The) WMB

69.26 (1.32) (1.87%) as of 25 Sep
Market cap
$86.1B
P/E
27.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Williams Companies, Inc. (The) (WMB) Gross margin

Williams Companies, Inc. (The)'s gross margin over the twelve months to 30 June 2026 was 82.8%, up 0.7 percentage points from fiscal 2025 (82.2%). Over the past ten years it has ranged from 63.0% (fiscal 2021) to 82.7% (fiscal 2023); the current reading is higher than 91% of that period. That is above the Oil & Gas Midstream industry median of 58.8% and above the Energy sector median of 49.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 82.2% 1.91
FY2024 80.2% (2.49)
FY2023 82.7% 13.46
FY2022 69.3% 6.26
FY2021 63.0% (16.97)
FY2020 80.0% 3.89
FY2019 76.1% 7.26
FY2018 68.8% (2.53)
FY2017 71.4% (5.64)
FY2016 77.0% 1.17

Quarterly

Period Gross margin Change (points)
Jun 2026 83.3% 1.25
Mar 2026 82.1% 0.00
Dec 2025 82.1% (1.81)
Sep 2025 83.9% 0.93
42 more quarters

Against its own ten years

Low 63.0% High 82.7%
Ten-year median 76.1%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
WMB Williams Companies, Inc. (The) 82.8%
TRP TC Energy Corporation compare 70.4%
KMI Kinder Morgan, Inc. compare 66.6%
MPLX MPLX LP compare 59.7%
TRGP Targa Resources, Inc. compare 43.2%
LNG Cheniere Energy, Inc. compare 38.5%
OKE ONEOK, Inc. compare 27.2%
ET Energy Transfer LP compare 23.6%
EPD Enterprise Products Partners L.P. compare 13.3%
Oil & Gas Midstream industry median 58.8%
Energy sector median 49.5%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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