Williams Companies (WMB) Return on Capital Employed [ROCE] (2009 - 2026)
Williams Companies (WMB) recorded Return on Capital Employed [ROCE] of 8.70% in Q2 2026, up 1.29 percentage points from 7.41% a year earlier and up 0.67 percentage points from the prior quarter.
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Analysis
Williams Companies (WMB) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Williams Companies reported Return on Capital Employed [ROCE] of 8.32%, up 1.40 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +3.17 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 6.92% in FY2024 (-2.73 pp), 9.64% in FY2023 (+2.65 pp), 7.00% in FY2022 (+0.57 pp) and 6.43% in FY2021 (+1.28 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for four consecutive quarters, with an average year-over-year change of -0.32 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 3.55 percentage points in Q2 2023, against a drop of 2.56 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.03% (Q1 2026), 8.22% (Q4 2025) and 7.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 105.07 Bn | 100.67 Bn | 4.84 Bn | 5.52% |
| 2 | Williams Companies | 87.70 Bn | 86.41 Bn | 2.54 Bn | 8.70% |
| 3 | Enterprise Products Partners | 80.26 Bn | 78.65 Bn | - | 12.27% |
| 4 | Kinder Morgan | 76.72 Bn | 76.42 Bn | 3.07 Bn | 7.68% |
| 5 | Energy Transfer | 70.39 Bn | 63.58 Bn | 7.40 Bn | 8.43% |
| 6 | Targa Resources | 64.89 Bn | 64.36 Bn | 2.14 Bn | 15.72% |
| 7 | Tc Energy | 64.81 Bn | 60.90 Bn | 2.81 Bn | - |
| 8 | Cheniere Energy | 62.36 Bn | 57.18 Bn | 5.29 Bn | 15.05% |
| 9 | Oneok | 60.47 Bn | 58.86 Bn | 2.81 Bn | 9.99% |
| 10 | Mplx | 60.06 Bn | 53.62 Bn | 2.91 Bn | 14.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.70% |
| Mar 31, 2026 | 8.03% |
| Dec 31, 2025 | 8.22% |
| Sep 30, 2025 | 7.79% |
| Jun 30, 2025 | 7.41% |
| Mar 31, 2025 | 7.06% |
| Dec 31, 2024 | 6.83% |
| Sep 30, 2024 | 7.51% |
| Jun 30, 2024 | 7.91% |
| Mar 31, 2024 | 8.31% |
| Dec 31, 2023 | 9.40% |
| Sep 30, 2023 | 9.68% |
| Jun 30, 2023 | 9.45% |
| Mar 31, 2023 | 8.34% |
| Dec 31, 2022 | 6.91% |
| Sep 30, 2022 | 6.69% |
| Jun 30, 2022 | 5.90% |
| Mar 31, 2022 | 5.99% |
| Dec 31, 2021 | 6.29% |
| Sep 30, 2021 | 5.42% |
API Access
Williams Companies Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=WMB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=WMB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();