Williams Companies Past Earnings Performance

Past criteria checks 4/6

Williams Companies has been growing earnings at an average annual rate of 13.2%, while the Oil and Gas industry saw earnings growing at 5.4% annually. Revenues have been growing at an average rate of 2.8% per year. Williams Companies's return on equity is 21.1%, and it has net margins of 24.9%.

Key information

13.20%

Earnings growth rate

13.11%

EPS growth rate

Oil and Gas Industry Growth	33.67%
Revenue growth rate	2.81%
Return on equity	21.11%
Net Margin	24.91%
Last Earnings Update	30 Jun 2026

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Williams Companies makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:WMB Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 26	12,323	3,070	710
31 Mar 26	12,109	2,789	698
31 Dec 25	11,830	2,615	699
30 Sep 25	11,582	2,367	683
30 Jun 25	11,363	2,426	682
31 Mar 25	11,083	2,281	678
31 Dec 24	10,753	2,222	670
30 Sep 24	10,366	2,883	682
30 Jun 24	10,253	2,832	657
31 Mar 24	10,156	2,978	653
31 Dec 23	9,951	3,273	631
30 Sep 23	10,304	2,795	618
30 Jun 23	10,774	2,740	637
31 Mar 23	11,209	2,593	637
31 Dec 22	11,352	2,046	627
30 Sep 22	11,490	1,999	640
30 Jun 22	11,351	1,564	628
31 Mar 22	10,845	1,468	581
31 Dec 21	10,775	1,514	550
30 Sep 21	9,904	1,008	499
30 Jun 21	8,975	1,152	463
31 Mar 21	8,459	1,151	480
31 Dec 20	7,724	208	477
30 Sep 20	7,738	231	508
30 Jun 20	7,800	143	521
31 Mar 20	8,060	150	524
31 Dec 19	8,199	862	558
30 Sep 19	8,298	152	543
30 Jun 19	8,602	61	572
31 Mar 19	8,652	-114	571
31 Dec 18	8,686	-156	594
30 Sep 18	8,710	2,103	651
30 Jun 18	8,298	2,007	629
31 Mar 18	8,131	1,953	628
31 Dec 17	8,031	2,174	656
30 Sep 17	8,001	472	567
30 Jun 17	8,015	500	609
31 Mar 17	7,827	14	636
31 Dec 16	7,499	-424	716
30 Sep 16	7,307	-1,124	738
30 Jun 16	7,201	-1,225	730
31 Mar 16	7,304	-706	734
31 Dec 15	7,360	-571	683
30 Sep 15	7,495	337	670

Quality Earnings: WMB has high quality earnings.

Growing Profit Margin: WMB's current net profit margins (24.9%) are higher than last year (21.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WMB's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: WMB's earnings growth over the past year (26.5%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: WMB earnings growth over the past year (26.5%) did not outperform the Oil and Gas industry 27.4%.

Return on Equity

High ROE: Whilst WMB's Return on Equity (21.11%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/13 01:22
End of Day Share Price	2026/08/13 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Williams Companies, Inc. is covered by 41 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Richard Gross	Barclays
Theresa Chen	Barclays