Williams Companies (WMB) Return on Capital Employed [ROCE] (2009 - 2026)
Williams Companies (WMB) recorded Return on Capital Employed [ROCE] of 7.90% in Q3 2026, up 0.11 percentage points from 7.79% a year earlier but down 0.80 percentage points from the prior quarter.
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).
- Quarterly Return on Capital Employed [ROCE] has ranged from 5.90% in Q2 2022 to 9.68% in Q3 2023 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for five consecutive quarters, with an average year-over-year change of -0.03 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 8.70% (Q2 2026), 8.03% (Q1 2026) and 8.22% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.46 Bn | 104.34 Bn | 4.35 Bn | 5.39% |
| 2 | Williams Companies | 84.36 Bn | 87.15 Bn | 2.59 Bn | 7.90% |
| 3 | Enterprise Products Partners | 80.12 Bn | 78.52 Bn | 14.00 Mn | 12.76% |
| 4 | Kinder Morgan | 69.50 Bn | 69.59 Bn | 2.97 Bn | 7.64% |
| 5 | Energy Transfer | 66.92 Bn | 63.02 Bn | 6.57 Bn | 8.92% |
| 6 | Tc Energy | 66.06 Bn | 69.71 Bn | - | - |
| 7 | Targa Resources | 60.35 Bn | 59.56 Bn | 2.02 Bn | 16.29% |
| 8 | Cheniere Energy | 59.93 Bn | 59.50 Bn | 2.97 Bn | 15.11% |
| 9 | Mplx | 57.44 Bn | 51.69 Bn | 3.19 Bn | 13.41% |
| 10 | Oneok | 55.08 Bn | 63.62 Bn | 2.84 Bn | 9.56% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.90% |
| 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% |
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_KEY
import 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();