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WILLIAMS COMPANIES, INC. WMB

NYSE · stock · Natural Gas Transmission · website · IPO 1967-12-04

WILLIAMS COMPANIES, INC. statistics & valuation

Market cap$87.4B
P / E33.4×
P / S5.9×
P / B5.8×
P / FCF87.0×
Dividend yield2.79%
Net margin17.6%
Return on equity17.5%
FCF margin6.7%
Return on capital8%
Graham number -67.1%$24.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($24.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-5.70% 27.10% -1.80% 10.40% 2.70% 11.90% 11.50% 26.50% 17.60% 17.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
9.20% 11.50% 8.80% 23.40% 28.50% 20.60% 17.00% 35.90% 26.40% 28.20% 2016201720182019202020212022202320242025
Return on equity (%)
-3.00% 13.40% -1.00% 5.20% 1.40% 10.80% 14.60% 21.30% 15.00% 17.50% 2016201720182019202020212022202320242025
Shares outstanding
750.7M 828.5M 973.6M 1.21B 1.22B 1.22B 1.22B 1.22B 1.22B 1.23B 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.90% 4.70% -0.30% 1.80% 0.50% 3.20% 4.20% 6.00% 4.10% 4.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
28.10% 8.60% 0.40% 19.30% 29.20% 21.20% 14.80% 28.50% 19.00% 6.70% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.57 $2.62 -$0.16 $0.70 $0.17 $1.24 $1.67 $2.60 $1.82 $2.14 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WILLIAMS COMPANIES, INC. trades at about 34.4× earnings — above its 10-year norm (10-year range 12×–124.9×, median 29.6×).

12× 124.9×

Shaded band = 10-year range (12×–124.9×); dot = today's 34.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin28.2%26.4%35.9%17.0%20.6%28.5%23.4%8.8%11.5%9.2%
Net margin17.6%17.6%26.5%11.5%11.9%2.7%10.4%-1.8%27.1%-5.7%
FCF margin6.7%19.0%28.5%14.8%21.2%29.2%19.3%0.4%8.6%28.1%
Return on assets4.5%4.1%6.0%4.2%3.2%0.5%1.8%-0.3%4.7%-0.9%
Return on equity17.5%15.0%21.3%14.6%10.8%1.4%5.2%-1.0%13.4%-3.0%
Current ratio0.530.500.770.780.910.620.400.810.820.50

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.