Williams Companies (WMB) stock
Energy · Oil & Gas Storage & Transportation
Williams Companies (WMB) is an Oil & Gas Storage & Transportation company in the Energy sector, headquartered in Tulsa, Oklahoma. As of October 23, 2026, WMB closed at $71.70, a market capitalization of $87.70 billion, the 141st largest company in the S&P 500. Over the last twelve months it generated $12.32 billion in revenue (+8% year over year) and -$174.00 million in free cash flow. The stock trades at 28.6x trailing earnings and 27.1x forward earnings.
- 1-year total return: +25.4% (dividends reinvested)
- 5-year return: +25.5% a year
- 52-week range: $56.19 – $80.08
- Gross margin 63.6%, operating margin 39.5%
- Dividend yield: 2.93%, 9 straight years of increases
- FI Handbook report card: C across 10 metrics
- 7th largest of 21 Energy stocks in the S&P 500
WMB price chart
1Y price change: +21.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WMB | +0.8% | +21.9% | +25.4% | +32.0% | +25.5% | +14.7% | +11.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1981.
WMB key statistics
- Market cap
- $87.7B
- #141 in S&P 500
- P/E (TTM)
- 28.6x
- Forward P/E
- 27.1x
- EPS (TTM)
- $2.51
- Revenue (TTM)
- $12.3B
- +8%
- Free cash flow
- -$174.0M
- Gross margin
- 63.6%
- Operating margin
- 39.5%
- Return on equity
- 21.5%
- Dividend yield
- 2.93%
- 52-week range
- $56.19 – $80.08
- Beta
- 0.66
- Price / sales
- 7.1x
- EV / EBITDA
- 17.1x
- Debt / equity
- 2.00x
- Employees
- 5,987
WMB report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.8%C
- Gross margin63.6%A
- Operating margin39.5%A
- FCF margin-1.4%F
- Return on equity21.5%B
- Net debt / EBITDA4.3xF
- Forward P/E27.1xC
- PEG ratio2.1xD
- Shareholder yield2.9%C
- Share count change / yr0.2%C
Williams Companies financials
Revenue went from $7.5B in fiscal 2016 to $14.9B in fiscal 2025, growing 7.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $8.0B | $8.6B | $8.1B | $7.7B | $12.8B | $17.8B | $12.0B | $12.6B | $14.9B |
| Operating income | $689.0M | $927.0M | $768.0M | $1.9B | $2.2B | $2.6B | $3.0B | $4.3B | $3.3B | $4.2B |
| Net income | -$424.0M | $2.2B | -$155.0M | $850.0M | $211.0M | $1.5B | $2.0B | $3.2B | $2.2B | $2.6B |
| EPS (diluted) | $-0.57 | $2.62 | $-0.16 | $0.70 | $0.17 | $1.24 | $1.67 | $2.60 | $1.82 | $2.14 |
| Free cash flow | $2.1B | $690.0M | $37.0M | $1.6B | $2.3B | $2.7B | $2.6B | $3.4B | $2.4B | $1.0B |
| Buybacks | — | — | — | — | — | $0 | $9.0M | $130.0M | $0 | $0 |
| Dividends paid | $1.3B | $992.0M | $1.4B | $1.8B | $1.9B | $2.0B | $2.1B | $2.2B | $2.3B | $2.4B |
| Diluted shares | 750.7M | 828.5M | 973.6M | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WMB?
A reverse DCF asks what growth the current price requires. With an enterprise value of $118.3B and -$174.0M of trailing free cash flow, Williams Companies needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -14.9% a year over the last five years.
P/E ratio history
Current 33.5x vs. median 27.2x (10th–90th percentile 8.9x–80.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WMB dividend
- Dividend yield
- 2.93%
- Annual dividend
- $2.10
- Years of increases
- 9
- 5-yr dividend growth
- 4.6%
- per year
- Payout ratio
- 82%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
WMB analyst price targets
24 analysts' average 12-month target is $85.25 (+19% vs. $71.70). Targets range from $69.00 to $103.00. 92% rate it a buy.
WMB earnings
Next report: November 2, 2026. Williams Companies has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $3.1B (+10% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 3, 2026 | $0.50 | $0.50 | +0.3% |
| May 4, 2026 | $0.63 | $0.73 | +16.4% |
| Feb 10, 2026 | $0.57 | $0.55 | -3.1% |
| Nov 3, 2025 | $0.52 | $0.49 | -5.3% |
| Aug 4, 2025 | $0.49 | $0.46 | -6.0% |
| May 5, 2025 | $0.55 | $0.60 | +8.4% |
| Feb 12, 2025 | $0.45 | $0.47 | +4.1% |
| Nov 6, 2024 | $0.42 | $0.43 | +3.5% |
Stocks like WMB
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 KMI Kinder Morgan | +2.11% | +36% | $76.7B | 21.3x | Compare |
 TRGP Targa Resources | +4.43% | +97% | $64.8B | 28.9x | Compare |
 OKE ONEOK | +2.06% | +45% | $60.4B | 16.6x | Compare |
 XOM ExxonMobil | +2.79% | +63% | $753.3B | 23.6x | Compare |
 CVX Chevron | +2.88% | +55% | $457.5B | 22.4x | Compare |
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 MPC Marathon Petroleum | -0.45% | +137% | $128.4B | 15.8x | Compare |
 VLO Valero Energy | -1.64% | +147% | $120.7B | 9.5x | Compare |
WMB news
- Williams Companies (WMB) Outpaced The Market, Is The Stock Now Too Expensive? · Oct 24, 2026
- Williams (WMB) Stock Looks Rich Against Its Earnings Backdrop · Oct 24, 2026
- What Is Williams’ (WMB) Economic Moat, and Is It Steel or Permits? · Oct 20, 2026
- Enterprise Products vs. Williams: Which Pipeline Dividend Wins for Retirees? · Oct 16, 2026
- What to Expect From The Williams Companies’ Next Quarterly Earnings Report · Oct 16, 2026
WMB stock FAQ
What is WMB's market cap?
Williams Companies's market capitalization is $87.70 billion as of October 23, 2026, ranking 141st in the S&P 500.
What is WMB's P/E ratio?
WMB trades at a trailing price-to-earnings ratio of 28.6x and a forward P/E of 27.1x. Its median P/E over the period we track is 27.2x.
Does WMB pay a dividend?
Yes. Williams Companies pays $2.10 per share a year, a 2.93% yield. It has raised its dividend 9 years in a row. Dividends grew 4.6% a year over the last five years.
How much has WMB stock returned?
Including reinvested dividends, WMB returned +25.4% over one year, +25.5% a year over five years, +14.7% a year over ten years through October 23, 2026.
What is the WMB price target?
24 analysts cover WMB with an average 12-month price target of $85.25, +19% from the current price. 92% of them rate it a buy.
When does WMB report earnings?
Williams Companies is expected to report earnings on November 2, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Williams Companies have?
Williams Companies has about 5,987 full-time employees, or $2.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology