The Williams Companies, Inc.WMB

NYSE•Energy•Oil & Gas Midstream

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of America segment comprises Transco, NWP, and MountainWest 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 33,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

Price & Volume

Key Metrics at a Glance (as of December 2025)

Market Cap: $73.52B
TTM Revenue: $12.21B
TTM EBITDA: $5.55B
P/E Ratio: 27.2x
Operating Margin: 32.8%
Free Cash Flow: $-485.00M

Financial Analysis

Williams Companies, Inc. (The) (WMB) reported trailing twelve months (TTM) revenue of $12.21B as of December 2025, which represents a 16.3% increase year-over-year. The company's operating margin has expanded to 32.8% from 28.9% a year ago. In terms of profitability, WMB generated $2.71B in net income. Valuation-wise, the stock trades at a P/E ratio of 27.2x and a Price-to-Sales (P/S) ratio of 6.0x. The company reported negative free cash flow of $-485.00M over the last twelve months, indicating cash consumption over the period. Data based on the most recent quarterly reports.