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.

Revenue
+10.3%
EPS
+16.9%
Free cash flow
−263.0%
Total debt
+22.0%

Quarter to September 2026, against a year earlier

64.13 0.12 −0.19%
Market cap
$80.3B
P/E
24.6×
Fwd P/E
29.8×
Dividend yield
3.24%
F-score
7/9
Altman Z
1.10
Beneish M
−2.65
Dividend safety
18/100

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

Alert me on Net margin

Williams Companies, Inc. (The)'s net margin over the twelve months to 30 September 2026 was 25.0%, up 3.1 percentage points from fiscal 2025 (21.9%). Over the past ten years it has ranged from −7.76% (fiscal 2015) to 29.1% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Oil & Gas Midstream industry median of 20.1% and above the Energy sector median of 8.61%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 21.9% 0.72
FY2024 21.2% (7.96)
FY2023 29.1% 10.46
FY2022 18.7% 4.41
FY2021 14.3% 11.56
FY2020 2.69% (7.64)
FY2019 10.3% 12.13
FY2018 −1.80% (28.87)
FY2017 27.1% 32.72
FY2016 −5.65% 2.11

Quarterly newest first

Period Net margin Change (points)
Sep 2026 21.7% (5.40)
Jun 2026 27.1% (1.42)
Mar 2026 28.5% 5.59
Dec 2025 22.9% 0.82
43 more quarters

Against its own ten years

Low −7.76% High 29.1%
Ten-year median 14.3%
Current reading's percentile 86

Net margin against peers

Company Net margin
MPLX MPLX LP compare 32.9%
WMB Williams Companies, Inc. (The) 25.0%
TRP TC Energy Corporation compare 22.2%
KMI Kinder Morgan, Inc. compare 19.6%
TRGP Targa Resources, Inc. compare 13.4%
LNG Cheniere Energy, Inc. compare 13.0%
EPD Enterprise Products Partners L.P. compare 10.1%
OKE ONEOK, Inc. compare 9.42%
ET Energy Transfer LP compare 4.20%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.61%
Market median 1.14%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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