Williams Companies (WMB) Net Margin (2009 - 2026)
Williams Companies' Net Margin was 30.65% in Q3 2026, up 8.55 percentage points from 22.10% a year earlier but down 6.55 percentage points from the prior quarter.
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Analysis
Williams Companies (WMB) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Williams Companies' Net Margin was 29.76% through Sep 30, 2026, up 9.17 percentage points year-over-year; for FY2025, it was 21.88%, up 0.73 percentage points from FY2024.
- Net Margin shows a five-year change of +19.19 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 21.16% in FY2024 (-7.96 pp), 29.12% in FY2023 (+10.46 pp), 18.66% in FY2022 (+4.41 pp) and 14.25% in FY2021 (+11.55 pp).
- Quarterly Net Margin has moved between 15.02% (Q1 2022) and 40.84% (Q4 2023) over five years.
- Compared with a year earlier, Net Margin has increased for four straight quarters, with an average year-over-year change of +1.49 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2023 (a gain of 18.04 percentage points); the worst was Q4 2024 (a drop of 23.16 percentage points).
- Per Business Quant data, WMB's Net Margin in the three quarters before Q3 2026 was 37.21% (Q2 2026), 28.51% (Q1 2026) and 22.92% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn | 4.76% |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn | 30.65% |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - | 9.05% |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn | 16.86% |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn | 3.07% |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn | 11.76% |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn | 18.95% |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn | 32.29% |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn | 10.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.65% |
| Jun 30, 2026 | 37.21% |
| Mar 31, 2026 | 28.51% |
| Dec 31, 2025 | 22.92% |
| Sep 30, 2025 | 22.10% |
| Jun 30, 2025 | 19.63% |
| Mar 31, 2025 | 22.64% |
| Dec 31, 2024 | 17.68% |
| Sep 30, 2024 | 26.57% |
| Jun 30, 2024 | 17.17% |
| Mar 31, 2024 | 22.77% |
| Dec 31, 2023 | 40.84% |
| Sep 30, 2023 | 25.52% |
| Jun 30, 2023 | 18.53% |
| Mar 31, 2023 | 30.06% |
| Dec 31, 2022 | 22.80% |
| Sep 30, 2022 | 19.83% |
| Jun 30, 2022 | 16.06% |
| Mar 31, 2022 | 15.02% |
| Dec 31, 2021 | 19.07% |
API Access
Williams Companies Net 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=net-margin&ticker=WMB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WMB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();