Williams Companies (WMB) FCF Margin (2009 - 2026)
Williams Companies' FCF Margin was -30.53% in Q3 2026, down 47.12 percentage points from 16.59% a year earlier and down 15.53 percentage points from the prior quarter.
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Analysis
Williams Companies (WMB) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Williams Companies' FCF Margin was -12.61% through Sep 30, 2026, down 28.57 percentage points year-over-year; for FY2025, it was 8.41%, down 14.45 percentage points from FY2024.
- FCF Margin shows a five-year change of -20.83 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 22.86% in FY2024 (-8.51 pp), 31.37% in FY2023 (+7.33 pp), 24.04% in FY2022 (-1.42 pp) and 25.46% in FY2021 (-3.78 pp).
- The Q3 2026 figure marks the lowest quarterly FCF Margin since Q3 2014.
- Compared with a year earlier, FCF Margin has declined for 11 straight quarters, with an average year-over-year change of -20.80 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q4 2023 (a gain of 26.92 percentage points); the worst was Q3 2026 (a drop of 47.12 percentage points).
- Per Business Quant data, WMB's FCF Margin in the three quarters before Q3 2026 was -15.00% (Q2 2026), 8.05% (Q1 2026) and -11.85% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn | 3.87% |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn | -30.53% |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - | 6.28% |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn | 12.03% |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn | 5.76% |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn | 2.15% |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn | 28.09% |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn | 18.92% |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn | 3.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -30.53% |
| Jun 30, 2026 | -15.00% |
| Mar 31, 2026 | 8.05% |
| Dec 31, 2025 | -11.85% |
| Sep 30, 2025 | 16.59% |
| Jun 30, 2025 | 17.19% |
| Mar 31, 2025 | 13.81% |
| Dec 31, 2024 | 16.41% |
| Sep 30, 2024 | 21.15% |
| Jun 30, 2024 | 29.97% |
| Mar 31, 2024 | 24.90% |
| Dec 31, 2023 | 41.02% |
| Sep 30, 2023 | 21.26% |
| Jun 30, 2023 | 30.89% |
| Mar 31, 2023 | 31.45% |
| Dec 31, 2022 | 14.10% |
| Sep 30, 2022 | 21.48% |
| Jun 30, 2022 | 31.45% |
| Mar 31, 2022 | 31.34% |
| Dec 31, 2021 | 26.31% |
API Access
Williams Companies FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=WMB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "WMB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=WMB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();