Williams Companies, Inc. (WMB) stock
WMBNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 2, 2026Score 8/3042% above fair value
$69.09−0.35 (-0.50%)
Close on Nov 13, 2026Market cap $84.51BP/E 27.5Yield 2.89%
Williams Companies operating margin
Operating margin is operating income as a percentage of revenue.
Williams Companies's operating margin for the twelve months ending Jun 30, 2026 was 38.2%. For fiscal 2025 it was 35.1%, against 31.8% the year before. The highest annual figure on record is 39.5% in fiscal 2023.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 35.1% | +3.3 |
| FY2024 | Dec 31, 2024 | 31.8% | −7.7 |
| FY2023 | Dec 31, 2023 | 39.5% | +12.0 |
| FY2022 | Dec 31, 2022 | 27.5% | +2.8 |
| FY2021 | Dec 31, 2021 | 24.8% | −3.8 |
| FY2020 | Dec 31, 2020 | 28.5% | +5.1 |
| FY2019 | Dec 31, 2019 | 23.4% | +14.6 |
| FY2018 | Dec 31, 2018 | 8.8% | −2.7 |
| FY2017 | Dec 31, 2017 | 11.5% | +2.4 |
| FY2016 | Dec 31, 2016 | 9.2% | +6.1 |
| FY2015 | Dec 31, 2015 | 3.1% | −17.5 |
| FY2014 | Dec 31, 2014 | 20.5% | +0.5 |
| FY2013 | Dec 31, 2013 | 20.0% | −1.5 |
| FY2012 | Dec 31, 2012 | 21.5% | −2.0 |
| FY2011 | Dec 31, 2011 | 23.5% | +2.3 |
| FY2010 | Dec 31, 2010 | 21.2% | +0.2 |
| FY2009 | Dec 31, 2009 | 21.0% | −0.3 |
| FY2008 | Dec 31, 2008 | 21.3% | +3.9 |
| FY2007 | Dec 31, 2007 | 17.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 38.7% | +4.7 |
| Q1 FY2026 | Mar 31, 2026 | 43.6% | +7.7 |
| Q4 FY2025 | Dec 31, 2025 | 32.8% | +3.9 |
| Q3 FY2025 | Sep 30, 2025 | 37.9% | +6.4 |
| Q2 FY2025 | Jun 30, 2025 | 34.0% | +4.2 |
| Q1 FY2025 | Mar 31, 2025 | 35.9% | −0.6 |
| Q4 FY2024 | Dec 31, 2024 | 28.9% | −10.1 |
| Q3 FY2024 | Sep 30, 2024 | 31.6% | −7.3 |
| Q2 FY2024 | Jun 30, 2024 | 29.8% | −5.2 |
| Q1 FY2024 | Mar 31, 2024 | 36.5% | −7.6 |
| Q4 FY2023 | Dec 31, 2023 | 39.0% | +2.5 |
| Q3 FY2023 | Sep 30, 2023 | 38.8% | +11.7 |
| Q2 FY2023 | Jun 30, 2023 | 35.0% | +16.1 |
| Q1 FY2023 | Mar 31, 2023 | 44.1% | +18.2 |
| Q4 FY2022 | Dec 31, 2022 | 36.6% | +7.8 |
| Q3 FY2022 | Sep 30, 2022 | 27.1% | +12.8 |
| Q2 FY2022 | Jun 30, 2022 | 19.0% | −7.3 |
| Q1 FY2022 | Mar 31, 2022 | 25.9% | −2.4 |
| Q4 FY2021 | Dec 31, 2021 | 28.8% | +4.0 |
| Q3 FY2021 | Sep 30, 2021 | 14.3% | −18.8 |
| Q2 FY2021 | Jun 30, 2021 | 26.3% | −8.1 |
| Q1 FY2021 | Mar 31, 2021 | 28.3% | +5.8 |
| Q4 FY2020 | Dec 31, 2020 | 24.8% | +13.7 |
| Q3 FY2020 | Sep 30, 2020 | 33.2% | +1.7 |
| Q2 FY2020 | Jun 30, 2020 | 34.4% | +10.0 |
| Q1 FY2020 | Mar 31, 2020 | 22.5% | −4.8 |
| Q4 FY2019 | Dec 31, 2019 | 11.1% | +39.9 |
| Q3 FY2019 | Sep 30, 2019 | 31.4% | +9.7 |
| Q2 FY2019 | Jun 30, 2019 | 24.4% | +4.8 |
| Q1 FY2019 | Mar 31, 2019 | 27.3% | +3.8 |
| Q4 FY2018 | Dec 31, 2018 | -28.8% | −21.8 |
| Q3 FY2018 | Sep 30, 2018 | 21.8% | +7.3 |
| Q2 FY2018 | Jun 30, 2018 | 19.6% | −0.0 |
| Q1 FY2018 | Mar 31, 2018 | 23.5% | +1.9 |
| Q4 FY2017 | Dec 31, 2017 | -7.0% | −32.9 |
| Q3 FY2017 | Sep 30, 2017 | 14.5% | −3.6 |
| Q2 FY2017 | Jun 30, 2017 | 19.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 21.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 25.9% | – |
| Q3 FY2016 | Sep 30, 2016 | 18.1% | – |
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