Tearsheet

Williams Companies (WMB)

Market Price (9/17/2025): $57.92 | Market Cap: $70.8 Bil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Williams Companies (WMB)

Market Price (9/17/2025): $57.92
Market Cap: $70.8 Bil
Sector: Energy
Industry: Oil & Gas Storage & Transportation

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, Dividend Yield is 3.4%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 5.3 Bil
2	Low stock price volatility Vol 12M is 27%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, Dividend Yield is 3.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 5.3 Bil
2	Low stock price volatility Vol 12M is 27%
3	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x

Market Valuation

	9/17/25	2024	2023	2022	2021
Share Price CYE	$57.92	$52.74	$32.49	$29.04	$21.87
Market Cap CYE ($ Bil)	70.8	64.3	39.5	35.4	26.6
Total Debt ($ Bil)	28.6	26.9	26.5	22.9	23.7
Total Cash ($ Bil)	0.9	0.1	2.2	0.2	1.7
Enterprise Value ($ Bil)	98.4	91.2	66.0	58.3	50.3
Valuation Ratios
P/S TTM	6.3	6.3	3.9	3.7	3.0
P/EBIT TTM	15.3	15.2	7.5	10.9	9.7
P/E TTM	29.1	29.6	13.3	19.6	20.9
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5	1.2	1.2
P/EBIT TTM (Sector)	6.8	6.5	5.3	4.1	4.1
P/E TTM (Sector)	9.8	9.5	8.0	5.5	3.2

	9/17/25	2024	2023
Share Price CYE	$57.92	$52.74	$32.49
Market Cap CYE ($ Bil)	70.8	64.3	39.5
Total Debt ($ Bil)	28.6	26.9	26.5
Total Cash ($ Bil)	0.9	0.1	2.2
Enterprise Value ($ Bil)	98.4	91.2	66.0
Valuation Ratios
P/S TTM	6.3	6.3	3.9
P/EBIT TTM	15.3	15.2	7.5
P/E TTM	29.1	29.6	13.3
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5
P/EBIT TTM (Sector)	6.8	6.5	5.3
P/E TTM (Sector)	9.8	9.5	8.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WMB Return	-8%	38%	33%	12%	62%	10%	242%
Peers Return	-23%	59%	33%	13%	63%	-2%	193%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: KMI, LNG, OKE, WMB, TRGP. See WMB Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Williams Companies (WMB)

	WMB	Better Performance than WMB
Metric	Value	Industry (Oil & Gas Storage & Transporta)
Rev Chg LTM	7.4%	ENB (48.2%), LNG (10.9%), OKE (46.4%), VG (62.2%), PBA (18.4%)
Rev Chg 3Y Avg	1.8%	ENB (10.2%), MPLX (3.0%), OKE (11.9%), WES (5.7%), DTM (8.3%)
Op Mgn LTM	32.7%	TRP (43.3%), LNG (37.6%), MPLX (40.7%), VG (34.4%), PBA (37.1%)
CFO/Rev LTM	47.6%	TRP (58.8%), MPLX (53.8%), WES (59.2%), DTM (71.1%), AM (72.0%)
FCF/Rev LTM	16.0%	KMI (17.1%), MPLX (43.5%), PBA (31.9%), WES (38.8%), DTM (42.0%)
Total Yield	6.8%	ENB (13.8%), KMI (8.8%), ET (8.0%), TRP (14.9%), LNG (8.2%)

	WMB	Better Performance than WMB
Metric	Value	Sector (Energy)
Rev Chg LTM	7.4%	ENB (48.2%), LNG (10.9%), OKE (46.4%), FANG (51.8%), CCJ (29.9%)
Rev Chg 3Y Avg	1.8%	ENB (10.2%), MPLX (3.0%), SLB (13.1%), BKR (10.7%), OKE (11.9%)
Op Mgn LTM	32.7%	EOG (34.2%), TRP (43.3%), LNG (37.6%), MPLX (40.7%), FANG (37.8%)
CFO/Rev LTM	47.6%	TRP (58.8%), MPLX (53.8%), FANG (54.1%), EQT (59.5%), TPL (70.4%)
FCF/Rev LTM	16.0%	CNQ (18.2%), EOG (19.9%), KMI (17.1%), MPLX (43.5%), OXY (17.6%)
Total Yield	6.8%	XOM (9.7%), CVX (9.3%), COP (10.9%), ENB (13.8%), CNQ (18.8%)

	WMB	Better Performance than WMB
Metric	Value	All Other Sectors
Rev Chg LTM	7.4%	NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), AMZN (10.9%), META (19.4%)
Rev Chg 3Y Avg	1.8%	NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), GOOGL (10.2%), AMZN (11.3%)
Op Mgn LTM	32.7%	NVDA (58.1%), MSFT (45.6%), META (42.9%), AVGO (39.0%), LLY (43.0%)
CFO/Rev LTM	47.6%	MSFT (48.3%), META (56.4%), V (60.4%), MA (53.3%), PLTR (50.3%)
FCF/Rev LTM	16.0%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield	6.8%	JNJ (8.2%), BAC (7.2%), BABA (38.9%), UNH (9.4%), KO (7.2%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Williams Companies Earnings Notes
2	Williams Companies vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Williams Companies vs Cheniere Energy: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	How Does WMB Stack Up Against Its Peers?	Peer Comparison
5	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From GOOGL, TMUS
6	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From OKE, BKR
7	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From OKE
8	WMB Dip Buy Analysis
9	WMB YTD Stock Return Of 13% Outperforms OKE by 30% and Underperforms LNG by -0.7%	Return
10	Williams Companies Total Shareholder Return (TSR): 65.6% in 2024 and 38.4% 3-yr compounded annual returns (above peer average)

	Title
0	ARTICLES
1	Williams Companies Earnings Notes
2	Williams Companies vs Newmont: Which Is A Better Investment?
3	Williams Companies vs Cheniere Energy: Which Is A Better Investment?
4	How Does WMB Stack Up Against Its Peers?
5	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From GOOGL, TMUS
6	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From OKE, BKR
7	Better Bet Than WMB Stock: Pay Less Than Williams Companies To Get More From OKE
8	WMB Dip Buy Analysis
9	WMB YTD Stock Return Of 13% Outperforms OKE by 30% and Underperforms LNG by -0.7%
10	Williams Companies Total Shareholder Return (TSR): 65.6% in 2024 and 38.4% 3-yr compounded annual returns (above peer average)

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	9734.4%
3	CHSN	Chanson International	7565.0%	-99.3%
4	LNZA	LanzaTech Global	7287.5%	-86.0%
5	QMMM	QMMM	3031.7%	6775.0%
6	OESX	Orion Energy Systems	1497.9%	22.9%
7	CURX	Curanex Pharmaceuticals	1401.6%	1401.6%
8	ENTO	Entero Therapeutics	565.6%	117.6%
9	PTNM	Pitanium	553.2%
10	WLDS	Wearable Devices	449.5%	-30.0%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-92.2%	-95.0%
2	STFS	Star Fashion Culture	-92.2%	-97.8%
3	ELPW	Elong Power	-91.6%	-76.7%
4	NXTT	Next Technology	-89.6%	-95.1%
5	NAKA	Kindly MD	-89.0%
6	BINI	Bollinger Innovations	-88.9%	-100.0%
7	JEM	707 Cayman	-88.4%	-98.2%
8	YAAS	Youxin Technology	-82.5%	-98.3%
9	NEON	Neonode	-82.0%	-50.2%
10	NVNO	enVVeno Medical	-81.5%	-69.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

Peer Comparisons for Williams Companies

Financials

	WMB	KMI	LNG	OKE	TRGP	Median
Name	Williams.	Kinder M.	Cheniere.	ONEOK	Targa Re.
Mkt Price	57.95	27.21	234.90	72.58	162.94	72.58
Mkt Cap	70.8	60.5	52.1	45.5	35.3	52.1
Rev LTM	11,225	15,969	18,284	27,953	17,079	17,079
Op Inc LTM	3,670	4,488	6,877	5,477	3,006	4,488
FCF LTM	1,792	2,728	2,359	2,883	428	2,359
FCF 3Y Avg	2,523	3,352	4,803	2,586	569	2,586
CFO LTM	5,344	5,570	5,091	5,291	3,682	5,291
CFO 3Y Avg	5,501	5,752	7,074	4,465	3,224	5,501

Growth & Margins

	WMB	KMI	LNG	OKE	TRGP	Median
Name	Williams.	Kinder M.	Cheniere.	ONEOK	Targa Re.
Rev Chg LTM	7.4%	4.0%	10.9%	46.4%	5.0%	7.4%
Rev Chg 3Y Avg	1.8%	-3.2%	-5.6%	11.9%	-6.2%	-3.2%
Rev Chg Q	19.0%	13.2%	42.8%	61.2%	19.6%	19.6%
QoQ Delta Rev Chg LTM	4.1%	3.0%	8.2%	12.0%	4.3%	4.3%
Op Mgn LTM	32.7%	28.1%	37.6%	19.6%	17.6%	28.1%
Op Mgn 3Y Avg	34.5%	26.9%	44.5%	20.4%	15.4%	26.9%
QoQ Delta Op Mgn LTM	1.0%	0.1%	2.5%	-1.5%	1.7%	1.0%
CFO/Rev LTM	47.6%	34.9%	27.8%	18.9%	21.6%	27.8%
CFO/Rev 3Y Avg	49.8%	35.8%	32.7%	20.4%	18.9%	32.7%
FCF/Rev LTM	16.0%	17.1%	12.9%	10.3%	2.5%	12.9%
FCF/Rev 3Y Avg	22.9%	20.8%	21.1%	11.9%	3.3%	20.8%

Valuation

	WMB	KMI	LNG	OKE	TRGP	Median
Name	Williams.	Kinder M.	Cheniere.	ONEOK	Targa Re.
Mkt Cap	70.8	60.5	52.1	45.5	35.3	52.1
P/S	6.3	3.8	2.8	1.6	2.1	2.8
P/EBIT	15.3	13.5	7.4	7.7	11.7	11.7
P/E	29.1	22.2	13.5	14.7	21.5	21.5
P/CFO	13.2	10.9	10.2	8.6	9.6	10.2
Total Yield	6.8%	8.8%	8.2%	6.8%	5.7%	6.8%
Dividend Yield	3.4%	4.3%	0.8%	0.0%	1.1%	1.1%
FCF Yield 3Y Avg	5.0%	7.3%	12.1%	6.5%	2.5%	6.5%
D/E	0.4	0.5	0.5	0.7	0.5	0.5
Net D/E	0.4	0.5	0.5	0.7	0.5	0.5

Returns

	WMB	KMI	LNG	OKE	TRGP	Median
Name	Williams.	Kinder M.	Cheniere.	ONEOK	Targa Re.
1M Rtn	1.7%	2.0%	2.1%	-1.8%	-0.2%	1.7%
3M Rtn	-0.1%	0.1%	-0.2%	-9.7%	-3.4%	-0.2%
6M Rtn	0.9%	1.0%	5.3%	-24.1%	-15.1%	0.9%
12M Rtn	32.0%	32.4%	29.8%	-18.9%	10.4%	29.8%
3Y Rtn	109.8%	80.5%	44.7%	41.1%	153.3%	80.5%
1M Excs Rtn	-0.7%	-0.4%	-0.4%	-4.3%	-2.6%	-0.7%
3M Excs Rtn	-10.7%	-10.1%	-8.7%	-20.0%	-13.9%	-10.7%
6M Excs Rtn	-15.5%	-16.4%	-10.4%	-40.8%	-32.6%	-16.4%
12M Excs Rtn	16.4%	17.6%	15.7%	-34.1%	-4.8%	15.7%
3Y Excs Rtn	40.4%	13.5%	-12.4%	-26.4%	79.9%	13.5%

Comparison Analyses

	Title
0	How Does WMB Stack Up Against Its Peers?
1	Why OKE With 71% Upside May Beat WMB?
2	With 17% Gains On The Table, LNG May Outshine WMB
3	Williams vs. Vertex Pharmaceuticals: With Return Forecast Of 72%, Vertex Pharmaceuticals Is A Better Bet
4	Williams vs. Intuitive Surgical: With Return Forecast Of 36%, Intuitive Surgical Is A Better Bet
5	Williams vs. Marriot: With Return Forecast Of 24%, Marriot Is A Better Bet
6	Williams vs. Norfolk Southern: Similar Revenue, Similar Bets
7	Williams vs. Booking Holdings: Similar Revenue, But Booking Holdings Is A Better Bet
8	Williams vs. Kinder Morgan: Industry Competitors, But Kinder Morgan Is A Better Bet
9	Williams vs Air Products and Chemicals: Similar Revenue, But Williams Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/4/2025	2/25/2025	2/21/2024	2/27/2023	2/28/2022	2/24/2021	2/24/2020
Key Financials
Total Revenue	11,225	10,503	10,907	10,965	10,627	7,719	8,201
EBITDA	6,951	6,569	7,712	5,698	5,094	3,170	3,964
Operating Income	3,670	3,339	4,182	3,018	2,631	2,571	2,385
Net Income	2,429	2,225	3,179	2,049	1,517	211	850
EPS	1.99	1.82	2.61	1.68	1.25	0.17	0.70
Growth Rates
Total Revenue Growth	7.4%	-3.7%	-0.5%	3.2%	37.7%	-5.9%	-5.6%
EBITDA Growth	-4.5%	-14.8%	35.3%	11.9%	60.7%	-20.0%	25.1%
Operating Income Growth	0.3%	-20.2%	38.6%	14.7%	2.3%	7.8%	19.8%
Net Income Growth	-14.0%	-30.0%	55.1%	35.1%	619.0%	-75.2%	648.4%
Margins
EBITDA Margin	61.9%	62.5%	70.7%	52.0%	47.9%	41.1%	48.3%
Operating Income Margin	32.7%	31.8%	38.3%	27.5%	24.8%	33.3%	29.1%
Net Income Margin	21.6%	21.2%	29.1%	18.7%	14.3%	2.7%	10.4%
Cash & Debt
Total Cash	903	60	2,150	152	1,680	142	289
Total Debt	28,572	26,937	26,462	22,929	23,698	22,372	22,309
Net Debt / (Cash)	27,669	26,877	24,312	22,777	22,018	22,230	22,020
Cash Flows
Net Cash from Operations	5,344	4,974	5,938	4,889	3,945	3,496	3,693
Free Cash from Operations	1,792	2,296	3,371	2,606	2,698	2,221	1,544
Returns to Shareholders
Dividends	2,379	2,316	2,179	2,071	1,992	1,941	1,842
Share Repurchases	-0	-0	130	9	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/4/2025	5/5/2025	2/25/2025	11/6/2024	8/5/2024	5/6/2024	2/21/2024	11/1/2023	8/2/2023	5/3/2023	2/27/2023	10/31/2022
Key Financials Quarterly
Total Revenue	2,781	3,048	2,743	2,653	2,336	2,771	2,784	2,559	2,483	3,081	2,930	3,021
Ebitda	1,712	1,856	1,511	1,872	1,434	1,752	2,398	1,696	1,577	2,041	1,747	1,508
Operating Income	945	1,094	793	838	696	1,012	1,088	864	870	1,360	1,072	820
Net Income	546	691	486	706	401	632	1,138	654	460	927	669	600
EPS	0.45	0.57	0.39	0.58	0.33	0.52	0.94	0.54	0.38	0.76	0.55	0.49
Key Financials TTM
Total Revenue TTM	11,225	10,780	10,503	10,544	10,450	10,597	10,907	11,053	11,515	11,522	10,965	11,292
Ebitda TTM	6,951	6,673	6,569	7,456	7,280	7,423	7,712	7,061	6,873	6,445	5,698	5,530
Operating Income TTM	3,670	3,421	3,339	3,634	3,660	3,834	4,182	4,166	4,122	3,724	3,018	2,883
Net Income TTM	2,429	2,284	2,225	2,877	2,825	2,884	3,179	2,710	2,656	2,596	2,049	2,002
Growth Rates Quarterly
Total Revenue Growth	19.0%	10.0%	-1.5%	3.7%	-5.9%	-10.1%	-5.0%	-15.3%	-0.3%	22.1%	-10.0%	22.1%
EBITDA Growth	19.4%	5.9%	-37.0%	10.4%	-9.1%	-14.2%	37.3%	12.5%	37.2%	57.7%	10.6%	50.0%
Operating Income Growth	35.8%	8.1%	-27.1%	-3.0%	-20.0%	-25.6%	1.5%	5.4%	84.3%	108.0%	14.4%	131.0%
Net Income Growth	36.2%	9.3%	-57.3%	8.0%	-12.8%	-31.8%	70.1%	9.0%	15.0%	143.9%	7.6%	263.6%
Margins Quarterly
EBITDA Margin	61.6%	60.9%	55.1%	70.6%	61.4%	63.2%	86.1%	66.3%	63.5%	66.2%	59.6%	49.9%
Operating Income Margin	34.0%	35.9%	28.9%	31.6%	29.8%	36.5%	39.1%	33.8%	35.0%	44.1%	36.6%	27.1%
Net Income Margin	19.6%	22.7%	17.7%	26.6%	17.2%	22.8%	40.9%	25.6%	18.5%	30.1%	22.8%	19.9%
Cash & Debt
Total Cash	903	100	60	762	55	667	2,150	2,074	551	477	152	859
Total Debt	28,572	27,411	26,937	27,109	26,262	26,887	26,462	25,651	24,409	24,412	22,929	23,407
Net Debt / (Cash)	27,669	27,311	26,877	26,347	26,207	26,220	24,312	23,577	23,858	23,935	22,777	22,548
Cash Flows Quarterly
FCF from Operations	1,450	1,433	1,218	1,243	1,279	1,234	1,813	1,234	1,377	1,514	1,219	1,490
Cash Flows TTM
FCF from Operations TTM	5,344	5,173	4,974	5,569	5,560	5,658	5,938	5,344	5,600	5,321	4,889	4,809
Returns to Shareholders Quarterly
Dividends	611	610	579	579	579	579	544	544	545	546	518	518
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	56	74	-0	9
Return on Invested Capital (ROIC) Quarterly
ROIC	5.7%	6.8%	5.3%	5.1%	4.3%	6.3%	6.9%	5.8%	5.6%	8.8%	6.7%	6.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.6%	5.3%	5.2%	5.6%	5.7%	6.0%	6.7%	6.8%	6.8%	6.4%	5.4%	5.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Product sales	4,928	11,066	6,621
Other revenues	4,537	7,935	2,644
Monetary consideration	3,533	3,258	2,877
Regulated interstate natural gas transportation and storage	3,274	3,067	2,955
Commodity consideration	146	260	238
Other	115	122	93	34	30
Other adjustments	-5,626	-14,743	-4,801
Eliminations				-256	-280
Northeast Gathering and processing (G&P)				1,529	1,500
Transmission & Gulf of Mexico				3,469	3,640
West				2,943	3,311
Total	10,907	10,965	10,627	7,719	8,201

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$57.95
Market Cap ($ Bil)	70.8
First Trading Date	12/31/1981
Distance from 52W High	-7.0%
	50 Days	200 Days
DMA Price	$57.63	$56.78
DMA Trend	up	down
Distance from DMA	0.5%	2.1%
	3M	1YR
Volatility	22.7%	26.8%
Downside Capture	0.19	0.39
Upside Capture	27.94	69.71
Correlation (SPY)	3.8%	46.8%

WMB Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.19	-0.27	0.02	0.59	0.64	0.69
Up Beta	-0.59	-0.27	0.24	0.44	0.48	0.60
Down Beta	-0.67	-0.27	-0.69	0.95	0.95	0.95
Up Capture	-15%	-26%	-0%	38%	58%	37%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	10	21	31	67	134	412
Down Capture	49%	-25%	36%	57%	60%	83%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	19	30	57	113	333

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	12,394,289
Short Interest: % Change Since 8152025	-12.1%
Average Daily Volume	5,546,988
Days-to-Cover Short Interest	2.23
Basic Shares Quantity	1,221,650,000
Short % of Basic Shares	1.0%

Returns Analyses

	Title
0	WMB YTD Stock Return Of 13% Outperforms OKE by 30% and Underperforms LNG by -0.7%
1	Will You Be Comfortable Buying Williams Companies Stock?
2	WMB YTD Stock Return Of -1.5% Underperforms LNG by -0.3% and Underperforms OKE by -7.8%
3	Williams Companies Stock Return Comparison
4	[9/28/2021] Williams (WMB) Stock Price Forecast: AI Forecasts WMB Stock Price To Be Around $26.4 In A Month (Up 1.2%)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/4/2025	-2.1%	-3.7%	-4.2%
5/5/2025	-2.4%	-5.1%	-0.1%
2/12/2025	4.8%	6.6%	5.4%
11/6/2024	0.2%	0.5%	2.7%
8/5/2024	3.9%	5.0%	7.8%
5/6/2024	0.1%	1.5%	6.5%
2/14/2024	-2.9%	1.9%	9.8%
11/1/2023	3.1%	1.2%	7.4%
...
SUMMARY STATS
# Positive	13	15	16
# Negative	10	8	7
Median Positive	2.3%	3.1%	6.4%
Median Negative	-1.8%	-3.2%	-4.2%
Max Positive	8.2%	9.2%	15.3%
Max Negative	-3.4%	-10.8%	-48.5%

	Forward Returns
8/4/2025	-2.1%	-3.7%	-4.2%
5/5/2025	-2.4%	-5.1%	-0.1%
2/12/2025	4.8%	6.6%	5.4%
11/6/2024	0.2%	0.5%	2.7%
8/5/2024	3.9%	5.0%	7.8%
5/6/2024	0.1%	1.5%	6.5%
2/14/2024	-2.9%	1.9%	9.8%
11/1/2023	3.1%	1.2%	7.4%
8/2/2023	2.3%	4.7%	2.5%
5/3/2023	0.5%	0.7%	4.4%
2/21/2023	-1.5%	-1.8%	-5.2%
10/31/2022	2.2%	3.4%	6.0%
8/1/2022	-3.4%	-4.6%	0.9%
2/22/2022	-0.4%	5.6%	9.9%
11/1/2021	-0.5%	-0.2%	-6.7%
8/2/2021	0.7%	-0.7%	-1.0%
5/3/2021	-0.8%	3.1%	10.2%
2/22/2021	4.1%	3.0%	2.2%
11/2/2020	1.1%	3.1%	15.3%
8/3/2020	8.2%	9.2%	6.3%
5/4/2020	-0.7%	2.1%	8.0%
2/19/2020	2.3%	-10.8%	-48.5%
10/30/2019	-2.5%	-2.8%	-0.7%
SUMMARY STATS
# Positive	13	15	16
# Negative	10	8	7
Median Positive	2.3%	3.1%	6.4%
Median Negative	-1.8%	-3.2%	-4.2%
Max Positive	8.2%	9.2%	15.3%
Max Negative	-3.4%	-10.8%	-48.5%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8042025	10-Q 6/30/2025
3312025	5052025	10-Q 3/31/2025
12312024	2252025	10-K 12/31/2024
9302024	11062024	10-Q 9/30/2024
6302024	8052024	10-Q 6/30/2024
3312024	5062024	10-Q 3/31/2024
12312023	2212024	10-K 12/31/2023
9302023	11012023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2272023	10-K 12/31/2022
9302022	10312022	10-Q 9/30/2022
6302022	8012022	10-Q 6/30/2022
3312022	5022022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021
9302021	11012021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Larsen Larry C	Executive Vice President & COO	8122025	Sell	58.47	4,500	263,115	4,537,974	Form
1	Wilson Terrance Lane	SVP & General Counsel	7022025	Sell	62.70	2,000	125,400	19,790,942	Form
2	Wilson Terrance Lane	SVP & General Counsel	6032025	Sell	61.21	2,000	122,420	19,443,050	Form
3	Wilson Terrance Lane	SVP & General Counsel	5022025	Sell	58.21	2,000	116,420	18,606,535	Form
4	Wilson Terrance Lane	SVP & General Counsel	4022025	Sell	59.53	2,000	119,060	19,147,527	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Williams Companies (WMB)

Market Price (9/17/2025): $57.92 | Market Cap: $70.8 BilSector: Energy | Industry: Oil & Gas Storage & Transportation

Williams Companies (WMB)

Market Price (9/17/2025): $57.92Market Cap: $70.8 BilSector: EnergyIndustry: Oil & Gas Storage & Transportation

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Market Price (9/17/2025): $57.92 | Market Cap: $70.8 Bil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Market Price (9/17/2025): $57.92
Market Cap: $70.8 Bil
Sector: Energy
Industry: Oil & Gas Storage & Transportation