Is Williams Companies (WMB) overvalued or fairly valued?

MarketChacha shows Williams Companies's valuation in context — a trailing P/E of about 29.8, a forward P/E of about 26.5, a price-to-book of about 6.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Williams Companies's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.10×) from reported figures — education, not a rating.

What is Williams Companies's revenue?

Williams Companies reported revenue of $14.9B for FY2025, with net profit of $2.6B, per official filings.

What is the share price of Williams Companies (WMB)?

Williams Companies last traded at $70.22 (-0.2% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Williams Companies

WMB · NYSE · Energy · United States

Snapshot

TickerWMB

ExchangeNYSE

SectorEnergy

IndustryOil & Gas Midstream

CountryUnited States

Employees5,987

HeadquartersTulsa, United States

Websitewww.williams.com

Filings tracked24

About Williams Companies

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as well as natural gas gathering and processing; and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage assets in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates approximately 32,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

Who owns it

Insiders0.4%
Institutions91.6%
Public & other8.0%

2,336 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.44%
Vanguard Capital Management LLC6.53%
State Street Corporation5.89%
Bank of America Corporation3.65%
Vanguard Portfolio Management LLC3.56%
Wellington Management Group, LLP2.71%
Morgan Stanley2.60%
Geode Capital Management, LLC2.45%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 8.9 points over the period — profitability is trending down.

Cash conversion2.10×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend26.5% → 17.6%

Margin has compressed by about 8.9 points over the period — profitability is trending down.

Return on equity20.4%

Latest ROE of 20.4% — capital is generating a healthy return.

Growth qualityrev 11% · PAT -9%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $3.3B · EPS 0.62

Est. earnings growth +13.6%

Next fiscal year

Rev $14.1B · EPS 2.65

Est. earnings growth +8.9%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$14.9B

Net margin

17.6%

ROE

20.4%

Revenue CAGR (2y)

+11.4%

Profit CAGR (2y)

-9.3%

EPS (FY2025)

2.14

Net profit (FY2025)

$2.6B

Ask MarketChacha about WMB

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$14.9B	$2.6B	2.14	17.6%	20.4%
FY2024	$12.6B	$2.2B	1.82	17.6%	17.9%
FY2023	$12.0B	$3.2B	2.60	26.5%	25.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$3.4B	$827.0M	0.68	24.5%
2026Q1	$4.7B	$865.0M	0.70	18.3%
2025Q3	$3.5B	$647.0M	0.53	18.5%
2025Q2	$3.4B	$546.0M	0.45	16.2%
2025Q1	$4.2B	$691.0M	0.56	16.5%
2024Q3	$3.0B	$706.0M	0.58	23.3%
2024Q2	$2.8B	$401.0M	0.33	14.1%
2024Q1	$3.3B	$632.0M	0.52	18.9%
2023Q3	$3.1B	$654.0M	0.54	21.4%
2023Q2	$2.8B	$460.0M	0.38	16.5%
2023Q1	$3.1B	$927.0M	0.76	29.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure, Other events, Exhibits
SEC9/10/2026material
8-K — Material agreement, Exhibits
SEC9/10/2026material
8-K — Other events, Exhibits
SEC9/3/2026material
8-K — Executive/director change, Exhibits
SEC8/21/2026material
8-K — Results of operations, Exhibits
SEC8/3/2026material
10-Q filing
SEC8/3/2026
8-K — Reg FD disclosure, Exhibits
SEC7/13/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC7/1/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/20/2026material
8-K — Executive/director change, Shareholder vote results, Reg FD disclosure, Exhibits
SEC5/4/2026material
8-K — Results of operations, Exhibits
SEC5/4/2026material
10-Q filing
SEC5/4/2026
8-K — Executive/director change, Exhibits
SEC3/26/2026material
10-K filing
SEC2/24/2026
8-K — Results of operations, Exhibits
SEC2/10/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC1/8/2026material
8-K — Material agreement, Exhibits
SEC1/8/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC12/1/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC11/20/2025material
8-K — Results of operations, Exhibits
SEC11/3/2025material
10-Q filing
SEC11/3/2025
8-K — Reg FD disclosure, Exhibits
SEC10/1/2025material
8-K — Results of operations, Exhibits
SEC8/4/2025material
10-Q filing
SEC8/4/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.