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WMB

Williams Companies
$72.80
+3.51% Oct 21 close
EnergyS&P 500 Compare
-10%-1%+9%+18%+28%Oct 2025Oct 2026Apr 2026
WMBSPY
1W
+0.0%
1M
+1.6%
3M
-1.6%
6M
+3.9%
YTD
+23.8%
1Y
+20.3%

Live chart

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What they do

The Williams Companies, Inc. 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.

Energy · Oil & Gas Midstream

For information only · Important disclosures

Grades vs sector

Momentum
37th percentile in sector
C-
12-1 return: +21.0%
Percentile within its GICS sector across the S&P 1500.
Growth
30th percentile in sector
D+
Revenue growth (YoY): +7.8%
Percentile within its GICS sector across the S&P 1500.
Value
9th percentile in sector
D-
Forward E/P: 3.7% · EBITDA/EV: 5.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
75th percentile in sector
B+
Profit margin: +24.9% · Return on equity: +21.5%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 174 of 499 · 12-month momentum 21.2%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
What Is Williams’ (WMB) Economic Moat, and Is It Steel or Permits?
Insider Monkey · Oct 19

Key stats

52-week range$54.84 – $78.25
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼DCF (base case)below the price by 58%
▲Piotroski F-score8/9
▲Net debt / EBITDA0.0x

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$19
-74%
growth -2% · disc. 10.2% · term. 2.0%
Base
$30
-58%
growth 3% · disc. 9.2% · term. 2.5%
Bull
$46
-37%
growth 6% · disc. 8.2% · term. 3.0%

Starting cash flow is mid-cycle: 19.8% average margin × current revenue = 2.4B (last 12 months: -0.1B at a -1% margin).

Reverse DCFfor context, not a signal
Not enough data to run a reverse DCF.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Energy

P/E (trailing)
sector median 17.7×
–
Forward P/E
sector median 13.6×
–
EV / EBITDA
sector median 8.1×
–
Price / sales
sector median 2.2×
–
Price / book
sector median 1.9×
–
FCF yield
sector median 7.7%
–

Backlog (remaining performance obligations)

RPO
$30.7B
as of 2026-06-30
vs a year ago
-4%
YoY
× TTM revenue
2.52×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
–
Operating margin
38.2%
FCF margin
-0.9%
Net margin
25.2%
Return on equity
23.3%
Return on invested capital
26.5%
Net debt / EBITDA
0.0×
Current ratio
0.5×
Interest cover
3.1×
Cash conversion (OCF/NI)
2.0×
Piotroski F-score 8/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$11.9B$2.6B$1.0B
2024$10.5B$2.2B$2.4B
2023$10.9B$3.2B$3.4B
2022$11.0B$2.0B$2.6B
2021$10.6B$1.5B$2.7B
2020$7.7B$211.0M$2.3B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +2.9%.

Earnings

Next report: 2026-11-02 · during market · EPS est 0.54
24-1125-0225-0525-0825-1126-0226-0526-080.000.73
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-030.500.50+0.2%
2026-05-040.630.73+16.4%
2026-02-100.570.55-3.1%
2025-11-030.520.49-5.3%
2025-08-040.490.46-6.0%
2025-05-050.550.60+8.4%
2025-02-120.450.47+4.1%
2024-11-060.420.43+3.5%
Insider trades
Wilson Terrance Lane
SVP & General Counsel · 2026-10-01
Sell
$135.7K
Wilson Terrance Lane
SVP & General Counsel · 2026-09-01
Sell
$151.1K
Wilson Terrance Lane
SVP & General Counsel · 2026-08-14
Sell
$763.8K
Wilson Terrance Lane
SVP & General Counsel · 2026-08-14
Sell
$209.5K
Wilson Terrance Lane
SVP & General Counsel · 2026-08-03
Sell
$141.3K
None
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Stats refreshed 2026-10-21 18:17:59 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026