WMB

Williams Companies
D

WMB

Arincen47/100B

If you had invested in Williams Companies ago, it would be worth $3,839 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

47/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Williams Companies key facts

Style
Blend stock · 5.4/10Growth 5.4 · Value 2.5 · Dividend 4.5
Day range
69.270 – 70.000
52-week range
58.090 – 80.080
Market capitalization
86.85B USD
P/E
27.24
PEG ratio
1.71
EPS
2.55
Div Yield
3.02%
EPS growth forecast (FY2026)
+16.4%
Volume
5,274
Beta
0.64
ESG score
58.0/100Environment 54 · Social 57 · Governance 62
Sector
Energy
Industry
Oil & Gas Midstream
CEO
Chad J. Zamarin
Employees
6K
IPO date
31 Dec 1981

Williams Companies earnings

Next earnings · Q4 FY2026
EPS estimate
0.62 USD
Revenue estimate
3.40B USD
Last quarter · Q3 FY2026
EPS0.54Beat +0.2%Revenue3.22BBeat +7.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20280.71———3.98B———
Q2 FY20280.63———4.14B———
Q1 FY20280.70———4.04B———
Q4 FY20260.62——+12.73%3.40B——+6.42%
Q3 FY20260.540.54+0.19%+10.20%2.99B3.22B+7.64%+10.26%
Q2 FY20260.500.50-0.40%+8.70%2.83B3.05B+7.94%+10.22%
Q1 FY20260.630.73+15.14%+21.67%3.28B3.03B-7.62%-0.59%
Q4 FY20250.570.55-4.01%+17.02%3.02B3.20B+5.95%+16.59%
Q3 FY20250.520.49-5.04%+13.95%2.88B2.92B+1.44%+10.18%
Q2 FY20250.480.46-4.25%+6.98%2.73B2.77B+1.55%+12.37%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Williams Companies analyst forecast

12-month price target
86.91 USD
+25.10%

Analysts' 1-year price targets range from 82.00 to 103.00, with an average of 86.91.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
14 ratings
Buy
13
Hold
1
Sell
0

12-month price target

Highest target103.00
Average target86.91
Lowest target82.00
Current price69.47

Williams Companies valuation

Price to earnings ratio (TTM)
27.24
Forward P/E (FY2026)
28.43
Price to sales (TTM)
6.95
Price to book
5.52
EV / EBITDA (TTM)
15.23

Capital structure

Market capitalization
86.85B USD
+
Total debt
33.93B USD
−
Cash and short-term investments
1.76B USD
=
Enterprise value
119.03B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)22.69————
FY2027 (est.)26.6322.69———
FY2026 (est.)28.4326.63———
Now (TTM)27.2426.856.955.5215.23
FY202528.0924.596.145.7313.86
FY202429.7418.246.285.3114.16
FY202313.3418.243.893.428.65
FY202219.5816.383.663.4911.03
FY202120.8315.352.982.7710.53

Williams Companies against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Enterprise Products Partners L.P., Kinder Morgan, Targa Resources, MPLX Lp, Cheniere Energy, and ONEOK, the US Oil & Gas Midstream companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median27.2
    13.437.4
  • Gross marginLowest in 5 years42.9%
    42.9%62.4%
    Against its peers: 3 of 7Peers' median 27.7%
  • Operating marginAbove its median35.1%
    24.8%39.5%
    Against its peers: 2 of 7Peers' median 23.9%
  • Net marginAbove its median21.9%
    14.3%29.1%
    Against its peers: 3 of 7Peers' median 14.5%
  • Return on equityAbove its median20.4%
    13.3%25.6%
    Against its peers: 4 of 7Peers' median 26.9%
  • Free cash flow marginLowest in 5 years8.4%
    8.4%30.9%
    Against its peers: 4 of 7Peers' median 9.9%
  • Revenue growthAbove its median13.8%
    -3.7%37.7%
    Against its peers: 3 of 7Peers' median 10.4%
  • EPS growthBelow its median17.6%
    -30.0%629.4%
    Against its peers: 3 of 7Peers' median 15.8%
  • Debt to EBITDABelow its median3.96×
    3.43×4.65×
    Against its peers: 5 of 7Peers' median 3.61×
  • Current ratioBelow its median0.53
    0.500.91
    Against its peers: 7 of 7Peers' median 0.82

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Williams Companies growth and profitability

Revenue (TTM)
12.50B USD
Net income (TTM)
3.13B USD
Gross margin
61.30%
Operating margin
37.48%
Net margin
25.00%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.95B+13.78%2.62B+17.66%42.86%35.11%21.91%7.41B+12.86%
FY202410.50B-3.70%2.23B-30.01%58.71%31.79%21.18%6.57B-14.82%
FY202310.91B-0.53%3.18B+55.15%62.35%39.53%29.15%7.71B+35.35%
FY202210.97B+3.18%2.05B+35.07%50.15%27.52%18.69%5.70B+11.86%
FY202110.63B+37.67%1.52B+618.96%44.73%24.76%14.27%5.09B+60.69%

Williams Companies revenue breakdown

By product

FY2025
Gas & NGL Marketing Services: 71.6%West: 28.4%71.6%Gas & NGL Marketing Services28.4%West
SegmentRevenueShare of revenueChange on the year
Gas & NGL Marketing Services7.18B71.6%+44.2%
West2.85B28.4%+6.7%

By region

FY2025
100.0%West
RegionRevenueShare of revenueChange on the year
West2.85B100.0%—

How Williams Companies makes its money

Revenue11.95B 100.0%
Cost of revenue6.83B 57.1%
Gross profit5.12B 42.9%
Selling and administration721.00M 6.0%
Other operating expenses205.00M 1.7%
Operating income4.20B 35.1%
Tax857.00M 7.2%
Other expense721.00M 6.0%
Net income2.62B 21.9%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Williams Companies dividends

Annual dividend
2.10 USD
Dividend yield (indicated)
3.02%
Payout ratio
101.96%
Years of dividend growth
9
Frequency
Quarterly
Next payment
0.53 USD
Next ex-dividend date
11 Dec 2026
Next payment date
28 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.001.901.791.701.641.601.521.361.201.68

Williams Companies financial health

Cash and short-term investments
1.76B USD
Total debt
33.93B USD
Net cash
-32.18B USD
Free cash flow (TTM)
-1.68B USD
Current ratio
0.75
Debt to equity
2.16
Piotroski score
5 / 9
Altman Z-score
1.23

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202563.00M29.39B1.01B
FY202460.00M27.08B2.40B
FY20232.15B26.46B3.37B
FY2022152.00M22.90B2.61B
FY20211.68B23.68B2.70B

Williams Companies ownership

Institutions
90.33%
Institutional holders
1,903 (+24)
Free float
99.41%

Who owns the shares

Institutions 90.3% Others 9.7%
As of 30 Jun 2026

Shares free to trade

Free float 1.24B shares ·99.4% Closely held 7.32M shares ·0.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026020.004.00K
Q3 2026055.57K29.23K
Q2 20260748.36K92.48K
Q1 2026071.44M1.32M

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.22B1.22B-0.16%
FY20241.22B1.22B+0.02%
FY20231.22B1.22B+0.00%
FY20221.22B1.22B+0.37%
FY20211.22B1.22B+0.25%

Source: Financial Modeling Prep

Related Instruments

Title: Williams Companies

Sector: Energy
Industry: Oil & Gas Midstream
Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent. At the field level, it operates substantial gathering and processing assets in Appalachia and other basins. The company has also struck several power supply agreements.

Common questions about Williams Companies stock