NYSE · WMB
The Williams Companies, Inc.
Energy · Oil & Gas Midstream
$72.05▲ 0.33% ($0.24)at close
After hours$72.30▲ 0.35%7:30 PM ET
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 19.33% over the last year. Revenue grew 8.83% over the trailing twelve months. Operating margin moved from 32.21% to 40.31%. Free cash flow declined 111.86% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 40.31% — continued expansion would be needed to justify the premium. Revenue growth of 8.83% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Performance
Return analysis
Company profile
The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States.
Market multiples
Stock splits
Every 1019 shares became 1250
Every 459 shares became 500
Every 1 shares became 2
Every 2 shares became 3
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
27
Buy
7
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 2, 2026
Q4 FY26 · EPS est $0.56 · Revenue est $3.01B
View
Dividends
$2.07/shareQuarterly8yr growth streakAt RiskWMB pays a dividend with a 2.88% dividend yield, 8 consecutive years of growth, growing at 4.56% annually, covered 0.4× by free cash flow.
Dividend Yield
2.88%
Annual Div / Share
$2.07
5yr CAGR
+4.56%
Doubles every ~15.5yr
Payout Ratio
81.52%
At Risk
Dividend Growth Rate
3yr CAGR
+5.57%
5yr CAGR
+4.56%
10yr CAGR
-2.01%
Dividend History
Annual dividends paid per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$29/yr $2/mo | $36/yr+25% $3/mo | $45/yr+56% $4/mo |
Yield-on-cost grows from 2.88% → 4.5% over 10yr
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
High payout ratio
With 81.52% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only 0.41× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.