Williams Companies (WMB) Gross Margin (2012 - 2026)
Williams Companies (WMB) posted Gross Margin of 80.39% for Q3 2026, down 3.02 percentage points from 83.41% a year earlier and down 2.74 percentage points from the prior quarter.
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Analysis
Williams Companies (WMB) Gross Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Williams Companies was 82.15%, up 1.16 percentage points year-over-year; for FY2025, it was 82.15%, up 1.91 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +3.05 percentage points (FY2020 to FY2025).
- In prior years, Williams Companies' Gross Margin was 80.24% in FY2024 (-2.48 pp), 82.73% in FY2023 (+14.25 pp), 68.47% in FY2022 (+6.41 pp) and 62.06% in FY2021 (-17.04 pp).
- The Q3 2026 figure stands as the lowest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of -0.36 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2023, with a gain of 17.30 percentage points; the weakest was Q4 2021, with a drop of 14.99 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 83.13% (Q2 2026), 81.58% (Q1 2026) and 83.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn | 22.85% |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn | 80.39% |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - | - |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn | 65.44% |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn | 17.71% |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn | 36.08% |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn | 48.05% |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn | 88.60% |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn | 22.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 80.39% |
| Jun 30, 2026 | 83.13% |
| Mar 31, 2026 | 81.58% |
| Dec 31, 2025 | 83.52% |
| Sep 30, 2025 | 83.41% |
| Jun 30, 2025 | 82.81% |
| Mar 31, 2025 | 78.90% |
| Dec 31, 2024 | 78.89% |
| Sep 30, 2024 | 80.25% |
| Jun 30, 2024 | 81.12% |
| Mar 31, 2024 | 80.84% |
| Dec 31, 2023 | 89.33% |
| Sep 30, 2023 | 79.87% |
| Jun 30, 2023 | 81.27% |
| Mar 31, 2023 | 80.30% |
| Dec 31, 2022 | 75.84% |
| Sep 30, 2022 | 66.27% |
| Jun 30, 2022 | 63.98% |
| Mar 31, 2022 | 67.00% |
| Dec 31, 2021 | 60.30% |
API Access
Williams Companies Gross 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=gross-margin&ticker=WMB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=WMB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();