The Williams Companies, Inc. (WMB)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Williams as an owner of real assets: interstate natural gas pipelines, storage, gathering and processing. Those networks are costly to replicate and provide essential energy transport, which can be a durable business. The filed record shows progress: in fiscal year 2025, the year ended 2025-12-31, revenue was $14.9B and net income was $2.6B, or $2.14 per diluted share, up from $12.6B, $2.2B and $1.82 in fiscal year 2024, the year ended 2024-12-31. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $3.4B and net income was $827.0M, or $0.68 per diluted share; in fiscal Q2 2025, the quarter ended 2025-06-30, net income was $546.0M and diluted EPS was $0.45. FairStock classifies Williams as a FAST GROWER, citing 65.5% annual profit growth over five years and 14.3% revenue growth. But I must weigh price. At the 2026-10-13 close of $74.57, FairStock calculates a P/E of 29.71, P/B of 6.93, and EV/EBITDA of 15.11; its overall FairStock Score is 42/100. The Graham Number is $24.67, so the shares carry a -202.27% margin of safety versus that asset-based yardstick. Trailing free cash flow is -$174.0M, a -0.2% FCF yield, and debt to equity is 2.00. FairStock also shows ROCE of 5.03%, ROE of 21.50%, an Altman Z-Score of 0.98, and a Piotroski F-Score of 6/9, which suggest some financial fragility. The 2.91% dividend yield is decent but not enough by itself. This is a high-quality infrastructure network, yet the market already pays a premium. Growth is real, but cash generation and leverage need watching. I would want a wider gap between price and intrinsic value before calling it a bargain.

In plain English: Williams owns and operates large natural gas pipelines, storage, and processing assets in the U.S. The business generates strong profits and pays a moderate dividend, but it currently spends more cash than it brings in after investments and carries a lot of debt. At the 2026-10-13 close, the shares look expensive compared with reported earnings and the company's net worth on its books.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer