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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) Gross margin

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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 56.6% and above the Energy sector median of 49.5%.

Gross margin, annual

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Annual newest first

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 newest first

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 100

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 56.6%
Energy sector median 49.5%
Market median 46.2%

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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