Williams Companies, Inc. (The) (WMB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Williams Companies, Inc. (The)

NYSE•Energy•Oil & Gas Midstream

$71.81+0.91(0.01%)After hours

Market Cap

$86.78B

P/E

28.2x

P/S

5.6x

P/B

6.6x

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.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (10/25).

Profitability25/25

Growth22/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality10/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.2x5y range 13.3x – 33.0x

Currently near its 20-quarter median.

P/S · 5.6x5y range 2.0x – 5.7x

Currently above its 20-quarter median.

P/B · 6.6x5y range 2.8x – 6.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

D/E ratio of 2.1 is elevated. Watch for further debt accumulation.

Price & Volume

Market Cap $86.78B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $15.43B
Q. Revenue: $3.38B
TTM EBITDA: $6.99B
TTM Op. Income: $4.66B
Q. Op. Income: $1.18B
TTM Net Income: $3.07B
Q. Net Income: $827.00M
EPS: $0.68
Shares Out.: $1.22B

$15.43B in TTM revenue grew 10.1% YoY, reaching $3.38B last quarter. TTM EBITDA of $6.99B and TTM operating income of $4.66B show growth is flowing through to the bottom line. TTM net income of $3.07B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 52.5%
Op. Margin: 35.0%
Net Margin: 24.5%

Op. margin of 35.0% is up 7.0% YoY — cost efficiency is improving. Net margin at 24.5% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.2x
P/S Ratio: 5.6x
P/B Ratio: 6.6x

At 28.2x P/E, the stock trades within typical market levels. P/S of 5.6x and P/B of 6.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 11% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $60.61B
Cash: $203.00M
Long-Term Debt: $28.12B
Book Value: $13.19B
D/E Ratio: 2.1
Debt/EBITDA: 15.9

With $60.61B in assets and $28.12B in long-term debt, D/E is 2.1and book value is $13.19B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 4% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.38B
TTM Free Cash Flow: $-108.00M
FCF Margin: -0.7%
FCF / Net Income: -0.0

TTM FCF of $-108.00M on $1.38B in operating cash flow. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.