The Williams Companies, Inc. (WMB) Earnings History
Annual and quarterly earnings data from 1994 to 2025
Loading earnings history...
WMB EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WMB Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 42.9% | 36.8% | 21.9% |
| 2024 | 58.7% | 31.8% | 21.2% |
| 2023 | 62.4% | 39.5% | 29.1% |
| 2022 | 50.2% | 27.5% | 18.7% |
| 2021 | 44.7% | 24.8% | 14.3% |
Download Data
Export WMB earnings history in CSV or JSON format
Free sign-in required to download data
The Williams Companies, Inc. (WMB) Earnings Overview
As of May 8, 2026, The Williams Companies, Inc. (WMB) reported trailing twelve-month net income of $2.84B, reflecting +17.6% year-over-year growth. The company earned $2.32 per diluted share over the past four quarters, with a net profit margin of 21.9%.
Looking at the long-term picture, WMB's 5-year EPS compound annual growth rate (CAGR) stands at +66.0%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.18B in fiscal 2023.
The Williams Companies, Inc. maintains industry-leading profitability with a gross margin of 42.9%, operating margin of 36.8%, and net margin of 21.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including KMI ($3.31B net income, 18.0% margin), ET ($5.55B net income, 5.9% margin), EPD ($5.80B net income, 11.1% margin), WMB has outperformed on profitability metrics. Compare WMB vs KMI →
WMB Earnings vs Peers
Earnings metrics vs comparable public companies
WMB Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.62B | +17.7% | $4.40B | $2.14 | 21.9% | 36.8% |
| 2024 | $2.23B | -30.0% | $3.34B | $1.82 | 21.2% | 31.8% |
| 2023 | $3.18B | +55.1% | $4.31B | $2.60 | 29.1% | 39.5% |
| 2022 | $2.05B | +35.1% | $3.02B | $1.67 | 18.7% | 27.5% |
| 2021 | $1.52B | +619.0% | $2.63B | $1.24 | 14.3% | 24.8% |
| 2020 | $211M | -75.2% | $2.20B | $0.17 | 2.7% | 28.5% |
| 2019 | $850M | +648.4% | $1.92B | $0.70 | 10.4% | 23.4% |
| 2018 | -$155M | -107.1% | $768M | $-0.16 | -1.8% | 8.8% |
| 2017 | $2.17B | +612.7% | $927M | $2.62 | 27.1% | 11.5% |
| 2016 | -$424M | +25.7% | $689M | $-0.56 | -5.7% | 9.2% |
Full WMB Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See WMB's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs WMB Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare WMB vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonWMB — Frequently Asked Questions
Quick answers to the most common questions about buying WMB stock.
Is WMB growing earnings?
WMB EPS is $2.32, with earnings growth accelerating to +17.6%. This exceeds the 5-year CAGR of +66.0%. TTM net income reached $2.8B.
What are WMB's profit margins?
The Williams Companies, Inc. net margin is +21.9%, with operating margin at +36.8%. Above-average margins indicate pricing power.
How consistent are WMB's earnings?
WMB earnings data spans 1994-2025. The accelerating earnings trend is +17.6% YoY. Historical data enables comparison across business cycles.