Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent.
It is a $89.2B utility company. Revenue grew 8.7% over the last year, it keeps 25¢ of every dollar of sales as profit, and it carries $7.67B of net debt. It trades at 29.0× earnings — around the middle of its own history.
- Website
- williams.com
- Location
- Tulsa, OK
- Employees
- 5 987
- Sector
- Utilities
- Founded
- 1908
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Valuation, Health and Moat lag behind.
Valuation29
- P/E vs own history61th pct · 5/25
- FCF yield-0.1% · 0/25
- P/S7.3x · 12/25
- EV/EBITDA17.1x · 12/25
Growth56
- Revenue CAGR3.0% · 6/25
- Net income CAGR14.6% · 20/25
- EPS CAGR ~5Y65.2% · 25/25
- Fwd implied growth3.6% · 5/25
Profitability82
- ROIC12.8% · 12/25
- ROE23.9% · 20/25
- Net margin25.2% · 25/25
- Operating margin38.2% · 25/25
Health33
- Altman Z1.08 · 3/25
- Current ratio0.48 · 0/25
- Interest coverage6.7x · 18/25
- Net cash / debtD/A 13% · 12/25
Quality59
- Piotroski F7/9 · 22/25
- Beneish M-2.62 · 25/25
- FCF conversion-4% · 0/25
- Margin stabilityσ 11.2% · 12/25
Moat31
- ROIC >12% years2/10 yrs · 0/25
- Median gross margin28.0% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst -5.7% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$3.18B net income
- FY2021FinancialRevenue crossed $10B$10.6B for the year
- FY2017FinancialTurned profitable$2.17B net income after a loss year
- FY2016FinancialRevenue already above $1B$7.50B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionWilliams agreed to a US$32.6 billion takeover offer from Energy Transfer, however the acquisition…
- Dec 31, 2011MilestoneThe spinoff was completed with the December 31, 2011, distribution of one share of WPX Energy common stock for every…
- 2001AcquisitionWilliams acquired Barrett Resources, which provided them with additional national gas reserves
- 1966AcquisitionWilliams bought the then-largest petroleum products pipeline in America, known as the Great Lakes Pipeline…
- 1957IPOThe company went public in 1957 under the Williams Brothers name
- 1908FoundedIt was founded as Williams Brothers in 1908 by Miller and David Williams in Fort Smith, Arkansas
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (82.4%)
- Strongly profitable — 25.2% net margin
- Interest covered 6.7× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Negative free cash flow (-$108.0M)
- Altman Z-Score 1.08 — elevated financial-distress risk
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.7% YoY
- Profitable — makes more than it spends$3.07B TTM
- Profit growing — earnings are higher than last year+8.4% YoY
- Generates cash — cash left after running and investing-$108M TTM
- Debt under control — could handle its obligationscurrent ratio 0.48
- Established company — not a micro-cap — lower blow-up risk$89.2B market cap
- Not printing shares — share count not ballooning — you keep your slice+0.8% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.1 — distress
- Pays a dividend — returns cash to shareholdersyield 2.81%
- Valuation not extreme — price not wildly above earningsP/E 29.0
Peer comparisonWilliams Companies Inc. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| WMB this company | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
| ET Energy Transfer LP Common | $70.5B | 13.3 | +33.3% | 4.9% | Strained |
Head-to-head: WMB vs NEE · WMB vs CEG · WMB vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/WMB
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Deeper analysis of WMB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $72.96 · market cap $89.2B.