Last 48 quarters of trend data · Energy · Pipelines & Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.40 | 30.34 | 27.33 | 25.63 | 25.05 | 29.88 | 34.89 | 26.21 | 33.82 | 19.68 | 32.20 | 18.74 | 9.36 | 15.60 | 21.47 | 9.82 | 14.95 | 14.61 | 23.64 | 26.94 | 12.52 |
| — | +1.5% | -21.7% | -2.2% | -26.0% | +51.9% | +8.4% | +39.9% | +261.3% | +26.2% | +50.0% | +90.7% | -37.4% | +6.8% | -9.2% | -63.5% | +19.5% | -70.7% | -10.9% | +59.2% | -78.8% | |
| P/S Ratio | 6.27 | 6.53 | 7.45 | 7.34 | 5.74 | 6.62 | 6.93 | 5.98 | 6.04 | 5.25 | 5.56 | 4.30 | 3.82 | 4.02 | 4.01 | 2.97 | 3.44 | 2.90 | 3.83 | 4.04 | 2.43 |
| — | -1.3% | +7.6% | +22.7% | -4.9% | +26.2% | +24.6% | +39.2% | +57.9% | +30.6% | +38.7% | +44.7% | +11.3% | +38.6% | +4.6% | -26.5% | +41.1% | -9.2% | +8.2% | +46.4% | -16.5% | |
| P/B Ratio | 5.22 | 3.92 | 5.92 | 5.87 | 4.90 | 5.21 | 5.18 | 4.91 | 4.47 | 3.75 | 3.52 | 3.19 | 2.86 | 2.87 | 2.80 | 2.56 | 2.87 | 2.52 | 2.76 | 2.92 | 2.25 |
| — | -24.8% | +14.2% | +19.6% | +9.7% | +39.1% | +47.1% | +53.8% | +56.1% | +30.7% | +25.7% | +24.8% | -0.2% | +13.9% | +1.6% | -12.5% | +27.4% | +10.8% | +21.7% | +46.6% | +34.4% | |
| P/FCF | — | — | — | 91.20 | — | 39.90 | 40.13 | 43.32 | 48.02 | 24.81 | 18.55 | 17.26 | 9.47 | 19.32 | 13.22 | 9.51 | 25.04 | 13.65 | 12.26 | 12.99 | 9.34 |
| — | — | — | +110.5% | — | +60.8% | +116.3% | +151.0% | +406.9% | +28.4% | +40.4% | +81.4% | -62.2% | +41.5% | +7.8% | -26.8% | +168.1% | -2.0% | -4.7% | +17.9% | +23.5% | |
| EV / EBITDA | 14.68 | 16.57 | 17.13 | 15.53 | 13.52 | 15.74 | 17.49 | 14.93 | 17.15 | 14.60 | 15.81 | 11.83 | 10.35 | 10.67 | 11.49 | 8.11 | 9.99 | 10.90 | 15.53 | 13.59 | 9.65 |
| — | +5.3% | -2.1% | +4.1% | -21.1% | +7.8% | +10.7% | +26.1% | +65.7% | +36.8% | +37.6% | +45.9% | +3.6% | -2.1% | -26.0% | -40.3% | +3.5% | -31.7% | +21.5% | +25.6% | -21.0% | |
| EV / EBIT | 24.47 | 21.19 | 20.17 | 25.60 | 18.51 | 20.24 | 23.58 | 19.72 | 24.62 | 15.70 | 21.85 | 15.33 | 8.95 | 13.76 | 14.99 | 9.86 | 12.68 | 14.27 | 23.62 | 19.67 | 11.94 |
| — | +4.7% | -14.5% | +29.8% | -24.8% | +28.9% | +7.9% | +28.6% | +175.1% | +14.1% | +45.8% | +55.5% | -29.4% | -3.6% | -36.5% | -49.9% | +6.3% | -45.0% | +28.4% | +34.4% | -51.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.9% | 35.2% | 83.3% | 82.1% | 46.8% | 83.9% | 38.1% | 59.7% | 56.7% | 58.9% | 58.0% | 61.1% | 64.9% | 59.5% | 60.5% | 63.9% | 58.6% | 49.7% | 43.7% | 47.3% | 46.4% |
| — | -58.0% | +118.8% | +37.5% | -17.4% | +42.4% | -34.3% | -2.2% | -12.6% | -1.0% | -4.2% | -4.4% | +10.8% | +19.7% | +38.7% | +35.1% | +26.4% | +34.2% | -9.8% | +1.1% | -14.8% | |
| Operating Margin | 36.8% | 35.2% | 38.7% | 43.6% | 40.9% | 37.9% | 32.0% | 35.9% | 28.9% | 31.6% | 29.8% | 36.5% | 39.0% | 38.8% | 35.0% | 44.1% | 36.6% | 27.1% | 19.0% | 25.9% | 28.8% |
| — | -7.1% | +20.9% | +21.5% | +41.4% | +20.1% | +7.5% | -1.7% | -26.0% | -18.7% | -15.0% | -17.3% | +6.7% | +43.1% | +84.8% | +70.4% | +27.2% | +89.2% | -27.9% | -8.4% | +16.2% | |
| Net Margin | 21.9% | 21.7% | 27.1% | 28.5% | 23.0% | 22.1% | 19.7% | 22.7% | 17.7% | 26.6% | 17.2% | 22.8% | 40.9% | 25.6% | 18.5% | 30.1% | 22.8% | 19.9% | 16.1% | 15.1% | 19.1% |
| — | -1.9% | +37.4% | +25.9% | +29.5% | -16.8% | +14.8% | -0.6% | -56.7% | +4.1% | -7.3% | -24.2% | +79.0% | +28.7% | +15.3% | +99.8% | +19.6% | +197.9% | +20.6% | -7.7% | +244.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 3.8% | 5.4% | 5.7% | 4.9% | 4.4% | 3.7% | 4.7% | 3.3% | 4.8% | 2.7% | 4.2% | 7.8% | 4.6% | 3.2% | 6.5% | 4.8% | 4.3% | 2.9% | 2.7% | 4.4% |
| — | -12.9% | +47.2% | +23.3% | +50.3% | -8.5% | +36.2% | +9.8% | -58.0% | +4.1% | -16.2% | -35.1% | +62.7% | +5.9% | +12.1% | +141.4% | +7.8% | +269.4% | +36.0% | -7.7% | +464.2% | |
| ROA | 4.6% | 1.1% | 1.4% | 1.5% | 1.3% | 1.2% | 1.0% | 1.3% | 0.9% | 1.3% | 0.8% | 1.2% | 2.2% | 1.3% | 0.9% | 1.9% | 1.4% | 1.2% | 0.9% | 0.8% | 1.3% |
| — | -7.8% | +40.0% | +16.0% | +43.2% | -13.0% | +28.9% | +5.3% | -59.2% | +1.4% | -18.8% | -37.0% | +59.7% | +5.1% | +9.9% | +134.7% | +3.7% | +245.7% | +27.6% | -14.8% | +406.9% | |
| ROIC | 7.7% | 1.7% | 2.0% | 2.2% | 2.3% | 2.0% | 1.6% | 2.0% | 1.4% | 1.5% | 1.3% | 1.9% | 2.1% | 2.0% | 1.7% | 2.7% | 2.2% | 1.7% | 1.0% | 1.4% | 1.9% |
| — | -12.4% | +24.7% | +14.0% | +56.9% | +27.6% | +23.6% | +3.5% | -32.2% | -22.0% | -25.6% | -30.5% | -3.7% | +16.3% | +74.4% | +99.2% | +12.7% | +129.4% | -20.6% | -9.7% | +85.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.96 | 1.58 | 2.00 | 2.00 | 1.96 | 1.88 | 1.93 | 1.84 | 1.82 | 1.82 | 1.78 | 1.80 | 1.78 | 1.79 | 1.72 | 1.70 | 1.63 | 1.68 | 1.64 | 1.61 | 1.68 |
| — | -16.2% | +3.8% | +8.4% | +8.0% | +3.3% | +8.4% | +2.4% | +2.1% | +2.0% | +3.7% | +5.7% | +9.0% | +6.3% | +4.6% | +6.2% | -2.9% | +4.7% | +0.8% | -0.0% | +9.6% | |
| Debt / EBITDA | 4.36 | 19.32 | 17.36 | 15.91 | 15.47 | 16.73 | 19.15 | 16.33 | 19.84 | 19.31 | 21.25 | 17.24 | 16.38 | 16.93 | 17.62 | 13.08 | 14.52 | 17.73 | 23.23 | 19.47 | 17.02 |
| — | +15.5% | -9.4% | -2.6% | -22.0% | -13.4% | -9.9% | -5.3% | +21.1% | +14.0% | +20.6% | +31.7% | +12.7% | -4.5% | -24.1% | -32.8% | -14.7% | -33.2% | +6.3% | -1.4% | -27.3% | |
| Current Ratio | 0.53 | 0.75 | 0.48 | 0.83 | 0.53 | 0.42 | 0.54 | 0.40 | 0.50 | 0.57 | 0.45 | 0.52 | 0.77 | 0.77 | 0.49 | 0.69 | 0.78 | 0.88 | 0.65 | 0.73 | 0.91 |
| — | +77.2% | -11.0% | +104.9% | +6.1% | -26.1% | +19.0% | -22.8% | -35.3% | -25.8% | -8.1% | -23.6% | -0.3% | -12.9% | -24.4% | -6.3% | -15.1% | +51.5% | -7.1% | +3.6% | +48.5% | |
| Quick Ratio | 0.48 | 0.70 | 0.43 | 0.76 | 0.48 | 0.36 | 0.48 | 0.36 | 0.45 | 0.51 | 0.39 | 0.48 | 0.73 | 0.72 | 0.44 | 0.63 | 0.71 | 0.80 | 0.59 | 0.69 | 0.84 |
| — | +94.2% | -11.3% | +109.2% | +7.0% | -30.0% | +22.4% | -23.4% | -38.3% | -28.9% | -11.3% | -23.9% | +2.3% | -9.2% | -24.5% | -8.8% | -15.2% | +56.1% | -9.5% | +3.0% | +50.4% | |
| Interest Coverage | 3.51 | 3.57 | 4.06 | 3.07 | 3.74 | 3.50 | 3.16 | 3.64 | 2.80 | 3.86 | 2.64 | 3.45 | 5.80 | 3.74 | 3.47 | 5.22 | 4.30 | 3.46 | 2.29 | 2.78 | 3.81 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying WMB stock.
The Williams Companies, Inc.'s current P/E is 25.4x. The average P/E over the last 4 quarters is 27.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Williams Companies, Inc.'s current operating margin is 36.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Williams Companies, Inc.'s business trajectory between earnings reports.