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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) Operating margin

Alert me on Operating margin

Williams Companies, Inc. (The)'s operating margin over the twelve months to 30 June 2026 was 38.2%, up 3.1 percentage points from fiscal 2025 (35.1%). Over the past ten years it has ranged from 3.07% (fiscal 2015) to 39.5% (fiscal 2023); the current reading is higher than 91% of that period. That is above the Oil & Gas Midstream industry median of 34.2% and above the Energy sector median of 14.5%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 35.1% 3.32
FY2024 31.8% (7.74)
FY2023 39.5% 12.01
FY2022 27.5% 2.76
FY2021 24.8% (3.77)
FY2020 28.5% 5.11
FY2019 23.4% 14.58
FY2018 8.84% (2.70)
FY2017 11.5% 2.35
FY2016 9.19% 6.12

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 38.7% (4.88)
Mar 2026 43.6% 10.83
Dec 2025 32.8% (5.17)
Sep 2025 37.9% 3.96
42 more quarters

Against its own ten years

Low 3.07% High 39.5%
Ten-year median 24.8%
Current reading's percentile 95

Operating margin against peers

Company Operating margin
TRP TC Energy Corporation compare 53.9%
MPLX MPLX LP compare 44.4%
WMB Williams Companies, Inc. (The) 38.2%
LNG Cheniere Energy, Inc. compare 29.9%
KMI Kinder Morgan, Inc. compare 29.1%
TRGP Targa Resources, Inc. compare 22.9%
OKE ONEOK, Inc. compare 15.5%
EPD Enterprise Products Partners L.P. compare 13.4%
ET Energy Transfer LP compare 10.0%
Oil & Gas Midstream industry median 34.2%
Energy sector median 14.5%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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