Williams Companies (WMB) Return on Invested Capital [ROIC] (2009 - 2026)
Williams Companies (WMB) recorded Return on Invested Capital [ROIC] of 10.58% in Q1 2026, up 1.91 percentage points from 8.66% a year earlier but down 0.02 percentage points from the prior quarter.
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Analysis
Williams Companies (WMB) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Williams Companies reported Return on Invested Capital [ROIC] of 7.64%, up 1.32 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +3.47 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 6.32% in FY2024 (-2.19 pp), 8.50% in FY2023 (+1.77 pp), 6.73% in FY2022 (+1.42 pp) and 5.31% in FY2021 (+1.14 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 4.45% in Q3 2021 to 15.82% in Q3 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +2.35 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 9.11 percentage points in Q3 2025, against a drop of 1.92 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 10.59% (Q4 2025), 15.82% (Q3 2025) and 14.04% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.46 Bn | 104.34 Bn | 4.35 Bn | 4.91% |
| 2 | Williams Companies | 84.36 Bn | 87.15 Bn | 2.59 Bn | 16.19% |
| 3 | Enterprise Products Partners | 80.12 Bn | 78.52 Bn | 14.00 Mn | 12.57% |
| 4 | Kinder Morgan | 69.50 Bn | 69.59 Bn | 2.97 Bn | 6.34% |
| 5 | Energy Transfer | 66.92 Bn | 63.02 Bn | 6.57 Bn | 8.84% |
| 6 | Tc Energy | 66.06 Bn | 69.71 Bn | - | 10.22% |
| 7 | Targa Resources | 60.35 Bn | 59.56 Bn | 2.02 Bn | 13.71% |
| 8 | Cheniere Energy | 59.93 Bn | 59.50 Bn | 2.97 Bn | 15.49% |
| 9 | Mplx | 57.44 Bn | 51.69 Bn | 3.19 Bn | 13.59% |
| 10 | Oneok | 55.08 Bn | 63.62 Bn | 2.84 Bn | 8.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.19% |
| Jun 30, 2026 | 16.11% |
| Mar 31, 2026 | 10.58% |
| Dec 31, 2025 | 10.56% |
| Sep 30, 2025 | 15.75% |
| Jun 30, 2025 | 13.93% |
| Mar 31, 2025 | 8.62% |
| Dec 31, 2024 | 6.27% |
| Sep 30, 2024 | 6.71% |
| Jun 30, 2024 | 7.07% |
| Mar 31, 2024 | 7.36% |
| Dec 31, 2023 | 8.18% |
| Sep 30, 2023 | 8.37% |
| Jun 30, 2023 | 8.30% |
| Mar 31, 2023 | 8.06% |
| Dec 31, 2022 | 6.77% |
| Sep 30, 2022 | 6.62% |
| Jun 30, 2022 | 5.52% |
| Mar 31, 2022 | 5.20% |
| Dec 31, 2021 | 5.35% |
API Access
Williams Companies Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=WMB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=WMB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();