Sunday 11 October 2026 Export all WMB data to Excel Powerpack

Williams Companies, Inc. (The)

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.

72.67 0.33 +0.46%

Follow WMB

Alert me

Market cap: $88.5B
P/E: 28.9×
Fwd P/E: 30.7×
Dividend yield: 2.85%
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

Insider Decisions trades per month

Total sells 11.13

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	1	3	3	1	4	1	1	2	1	1

Insider Ownership 0.33%

Capital & Financial Ratios $m

Market Cap 88,480.00

Revenue 12,204.00

Net Income 3,244.00

Free Cash Flow (214.00)

Net Debt 30,115.00

Current Ratio 0.48

Debt/Equity 1.97

P/E ratio 28.88

Fwd P/E 30.70

P/S ratio 7.30

P/B ratio 5.81

Past 5Y EPS Growth 65.96%

This Y EPS Growth 16.94%

Next Y EPS Growth 6.26%

Next Y revenue growth 2.33%

Next 5Y EPS Growth 13.21%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 53.74%

10-year low 10-year high

P/S against its own 10 years 95.53%

10-year low 10-year high

P/B against its own 10 years 96.05%

10-year low 10-year high

EV/Sales against its own 10 years 95.64%

10-year low 10-year high

Dividends

Payout Ratio 0.83

Annual Dividend Rate 2.08

Annual Dividend Yield 2.85%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.11	0.53 0.53 0.53
2025	2.00	0.50 0.50 0.50 0.50
2024	1.90	0.48 0.48 0.48 0.48
2023	1.79	0.45 0.45 0.45 0.45
2022	1.70	0.43 0.43 0.43 0.43
2021	1.64	0.41 0.41 0.41 0.41
2020	1.60	0.40 0.40 0.40 0.40
2019	1.52	0.38 0.38 0.38 0.38
2018	1.36	0.34 0.34 0.34 0.34
2017	1.20	0.30 0.30 0.30 0.30
2016	1.68	0.64 0.64 0.20 0.20

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,150	60	63	203
Receivables	1,655	1,863	2,084	1,968
Inventory	274	279	314	335
Other	434	459	783	617
	4,513	2,661	3,244	3,123

	2023	2024	2025	Q'26
Payables	1,379	1,613	2,224	2,220
ST’ Debt	2,337	1,720	1,345	2,197
Other	105	164	198	136
	5,830	5,312	6,106	6,546

Compound Annual Growth %

	10y	5y	3y
Sales	4.97%	9.13%	2.91%
Cash Flow	8.10%	11.03%	6.45%
Earnings	0.00%	65.91%	8.52%
Book Value	(0.79%)	0.56%	2.21%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,030	3,053	—	—	—
’25	3,048	2,781	2,923	3,198	11,950
’24	2,771	2,336	2,653	2,743	10,503
’23	3,081	2,483	2,559	2,784	10,907
’22	2,524	2,490	3,021	2,930	10,965
’21	2,612	2,283	2,475	3,257	10,627
’20	1,913	1,781	1,933	2,092	7,719

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,603	1,376	—	—	—
’25	1,433	1,450	1,439	1,576	5,898
’24	1,234	1,279	1,243	1,218	4,974
’23	1,514	1,377	1,234	1,813	5,938
’22	1,082	1,098	1,490	1,219	4,889
’21	915	1,057	834	1,139	3,945
’20	787	1,143	452	1,114	3,496

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	244	(458)	—	—	—
’25	421	478	405	(405)	899
’24	695	668	515	418	2,296
’23	962	753	532	1,124	3,371
’22	785	778	641	402	2,606
’21	654	628	572	844	2,698
’20	478	823	113	807	2,221

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.70	0.68	—	—	—
’25	0.56	0.45	0.53	0.60	2.14
’24	0.52	0.33	0.58	0.40	1.82
’23	0.76	0.38	0.54	0.94	2.60
’22	0.31	0.33	0.49	0.55	1.67
’21	0.35	0.25	0.13	0.51	1.24
’20	(0.43)	0.25	0.25	0.09	0.17

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.22	26.82	20.36	21.53	8.41	19.87	26.02	27.80	32.65	51.58	Analyst estimates 2026–2028 Powerpack
	High	32.21	32.69	33.67	29.55	24.17	29.89	37.97	37.45	60.36	65.55
People
People	Employees	5,604	5,425	5,322	4,812	4,739	4,783	5,043	5,601	5,829	5,987
	Revenue/emp, $m	1.34	1.48	1.63	1.70	1.63	2.22	2.17	1.95	1.80	2.00
Income, $m
Income, $m	Revenue	7,499	8,031	8,686	8,201	7,719	10,627	10,965	10,907	10,503	11,950
	Gross margin, %	77.00	71.36	68.83	76.09	79.98	63.01	69.27	82.73	80.24	82.15
	EBT	(375)	535	331	1,064	277	2,073	2,542	4,405	2,986	3,625
	EBT margin, %	(5.00)	6.66	3.81	12.97	3.59	19.51	23.18	40.39	28.43	30.33
	Net income	(350)	2,509	193	714	198	1,562	2,117	3,303	2,346	2,768
	Depreciation	1,836	1,814	1,780	1,714	1,960	1,923	2,082	2,148	2,318	2,440
Per share, $
Per share, $	Revenue	9.99	9.72	8.92	6.77	6.36	8.74	9.00	8.95	8.62	9.79
	Earnings	(0.57)	2.62	(0.16)	0.70	0.17	1.25	1.68	2.61	1.82	2.14
	Cash flow	5.54	3.74	3.38	3.05	2.88	3.25	4.01	4.88	4.08	4.83
	Capex	(2.69)	(2.95)	(3.35)	(1.77)	(1.05)	(1.03)	(1.87)	(2.11)	(2.20)	(4.09)
	Free cash flow	2.84	0.79	0.03	1.27	1.83	2.22	2.14	2.77	1.88	0.74
	Book value	18.71	19.58	16.43	13.50	12.02	11.60	11.53	12.23	12.17	12.28
	Shares, m	751	826	974	1,212	1,214	1,215	1,218	1,218	1,219	1,221
Valuation, ×
Valuation, ×	P/E	0.00	11.89	0.00	33.41	125.31	20.83	19.14	13.56	29.57	27.96
	P/S	3.15	3.20	2.47	3.51	3.15	2.98	3.57	3.97	6.28	6.14
	P/B	1.68	1.59	1.35	1.76	1.67	2.25	2.80	2.91	4.46	4.91
	EV/Sales	6.25	5.70	5.03	6.19	6.03	5.05	5.62	6.13	8.79	8.53
	EV/FCF	21.96	70.51	1,457.15	32.87	20.95	19.88	23.63	19.82	40.23	113.45
Cash, $m
Cash, $m	Operating cash flow	4,155	3,089	3,293	3,693	3,496	3,945	4,889	5,938	4,974	5,898
	Capex	(2,021)	(2,440)	(3,263)	(2,149)	(1,275)	(1,247)	(2,283)	(2,567)	(2,678)	(4,999)
	Free cash flow	2,134	649	30	1,544	2,221	2,698	2,606	3,371	2,296	899
Balance, $m
Balance, $m	Working capital	(1,487)	(467)	(347)	(2,388)	(890)	(423)	(1,093)	(1,317)	(2,651)	(2,862)
	Total debt	23,409	20,935	22,414	22,288	22,344	23,675	22,554	25,713	26,456	28,661
	Net debt	23,239	20,036	22,246	21,999	22,202	21,995	22,402	23,563	26,396	28,598
	Shareholders’ equity	14,046	16,175	15,997	16,364	14,583	14,101	14,045	14,891	14,840	14,995
Returns, %
Returns, %	ROA	(0.88)	4.67	(0.34)	1.85	0.46	3.30	4.26	6.29	4.15	4.62
	ROIC	1.15	1.60	1.26	3.13	3.74	4.56	5.18	7.01	5.06	6.02
	ROE	(2.80)	14.39	(0.97)	5.25	1.35	10.58	14.57	22.01	14.98	17.57

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WMB Williams Companies, Inc. (The)	$88.5B	28.9×	30.7×	+9.78% (above 0%: growing)	+51.11% (above 0%: growing)	−195.82% (below 0%: shrinking)	83.33%	38.72%
EPD Enterprise Products Partners L.P.	$79.4B	12.5×	13.0×	+60.78% (above 0%: growing)	+27.27% (above 0%: growing)	+162.10% (above 0%: growing)	12.06%	12.31%	Compare
KMI Kinder Morgan, Inc.	$71.8B	20.8×	21.4×	+10.76% (above 0%: growing)	+21.88% (above 0%: growing)	−52.59% (below 0%: shrinking)	68.62%	30.06%	Compare
ET Energy Transfer LP	$71.0B	13.9×	13.1×	+78.43% (above 0%: growing)	+84.37% (above 0%: growing)	+146.15% (above 0%: growing)	21.55%	10.41%	Compare
TRP TC Energy Corporation	$62.5B	24.9×	24.9×	+5.59% (above 0%: growing)	+18.28% (above 0%: growing)	+24.24% (above 0%: growing)	70.23%	54.92%	Compare
TRGP Targa Resources, Inc.	$61.9B	27.3×	24.7×	+4.23% (above 0%: growing)	+22.92% (above 0%: growing)	+1,002.09% (above 0%: growing)	48.15%	27.80%	Compare
MPLX MPLX LP	$58.1B	12.1×	13.1×	+10.29% (above 0%: growing)	+2.91% (above 0%: growing)	−38.89% (below 0%: shrinking)	56.91%	41.61%	Compare
LNG Cheniere Energy, Inc.	$57.4B	20.6×	— (loss-making)	+23.51% (above 0%: growing)	+100.55% (above 0%: growing)	+452.21% (above 0%: growing)	83.04%	74.84%	Compare
OKE ONEOK, Inc.	$56.9B	15.5×	15.5×	+52.77% (above 0%: growing)	+14.18% (above 0%: growing)	+85.57% (above 0%: growing)	23.30%	13.22%	Compare
Median of peers	$62.2B	18.0×	15.5×	+17.14%	+22.40%	+115.86%	52.53%	28.93%

All 58 Oil & Gas Midstream stocks →

Williams Companies, Inc. (The) (WMB) key facts

Strength: Williams Companies, Inc. (The)’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 13.8% from fiscal 2024.
Strength: Net income was $2.8 billion, or $2.14 per share (basic), a net margin of 21.9%.
Williams Companies, Inc. (The) (WMB) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 9, 2026, WMB traded at $72.67, a market capitalization of $88.5 billion.
At that price the stock trades at 28.9× trailing-twelve-month earnings and 7.3× sales; its P/E is higher than 54% of its own readings over the past ten years.
Williams Companies, Inc. (The) pays an annual dividend of $2.08 per share, a yield of 2.85%, with a payout ratio of 82.7%.
Return on equity was 17.6% and debt-to-equity 1.97.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.10 (distress zone) for fiscal 2025.