Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 43.60% is 35% above its 5-year average of 32.40%, near the high end of its 5-year range (14.34%–44.14%).
As of the fiscal period ended Tuesday, March 31, 2026. 14.54% above its 12-month average of 38.06%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
43.60%
OPERATING MARGIN AVG TTM
38.06%
OPERATING MARGIN AVG 3Y
36.48%
OPERATING MARGIN AVG 5Y
32.40%
OPERATING MARGIN AVG 10Y
28.17%
OPERATING MARGIN AVG 15Y
25.76%
OPERATING MARGIN AVG 20Y
22.98%
CURRENT VS TTM AVG
+14.54%
CURRENT VS 3Y AVG
+19.52%
CURRENT VS 5Y AVG
+34.54%
CURRENT VS 10Y AVG
+54.76%
CURRENT VS 15Y AVG
+69.26%
CURRENT VS 20Y AVG
+89.75%
SECTOR MEDIAN · ENERGY
16.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+168.95%
vs the sector median at left
The Williams Companies, Inc.
Market Cap
$87.57B
Operating Margin
43.60%
TTM Avg
38.06%
3Y Avg
36.48%
5Y Avg
32.40%
Market Cap
$92.24B
Operating Margin
5.02%
TTM Avg
4.06%
3Y Avg
6.83%
5Y Avg
2.22%
Market Cap
$92.73B
Operating Margin
7.11%
TTM Avg
3.20%
3Y Avg
5.87%
5Y Avg
3.82%
Market Cap
$82.01B
Operating Margin
13.86%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
Market Cap
$79.38B
Operating Margin
27.38%
TTM Avg
32.16%
3Y Avg
34.03%
5Y Avg
30.70%
Market Cap
$78.90B
Operating Margin
36.92%
TTM Avg
34.86%
3Y Avg
36.23%
5Y Avg
28.41%
Market Cap
$99.62B
Operating Margin
18.62%
TTM Avg
32.87%
3Y Avg
30.29%
5Y Avg
25.02%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Williams Companies, Inc. (WMB) | $87.57B | 43.60% | 38.06% | 36.48% | 32.40% |
| Phillips 66 (PSX)vs › | $85.04B | 4.67% | 2.14% | 3.95% | 2.34% |
| Marathon Petroleum Corporation (MPC)vs › | $92.24B | 5.02% | 4.06% | 6.83% | 2.22% |
| Valero Energy Corporation (VLO)vs › | $92.73B | 7.11% | 3.20% | 5.87% | 3.82% |
| Enterprise Products Partners L.P. (EPD)vs › | $82.01B | 13.86% | 13.09% | 13.00% | 14.24% |
| Eni S.p.A. (E)vs › | $80.54B | 5.36% | 8.46% | 10.75% | 10.27% |
| Suncor Energy Inc. (SU)vs › | $79.38B | 27.38% | 32.16% | 34.03% | 30.70% |
| EOG Resources, Inc. (EOG)vs › | $78.90B | 36.92% | 34.86% | 36.23% | 28.41% |
| Canadian Natural Resources Limited (CNQ)vs › | $99.62B | 18.62% | 32.87% | 30.29% | 25.02% |
| Slb N.V. (SLB)vs › | $74.16B | 14.85% | 16.36% | 16.02% | 13.86% |
Gross Margin
42.9%
Operating Margin
43.6%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 43.60% |
| 2025-12-31 | 40.87% |
| 2025-09-30 | 37.94% |
| 2025-06-30 | 32.02% |
| 2025-03-31 | 35.89% |
| 2024-12-31 | 28.91% |
| 2024-09-30 | 31.59% |
| 2024-06-30 | 29.79% |
| 2024-03-31 | 36.52% |
| 2023-12-31 | 39.04% |
| 2023-09-30 | 38.84% |
| 2023-06-30 | 35.04% |
| 2023-03-31 | 44.14% |
| 2022-12-31 | 36.59% |
| 2022-09-30 | 27.14% |
| 2022-06-30 | 18.96% |
| 2022-03-31 | 25.91% |
| 2021-12-31 | 28.77% |
| 2021-09-30 | 14.34% |
| 2021-06-30 | 26.28% |
| 2021-03-31 | 28.29% |
| 2020-12-31 | 24.76% |
| 2020-09-30 | 33.16% |
| 2020-06-30 | 34.36% |
| 2020-03-31 | 22.53% |
| 2019-12-31 | 11.11% |
| 2019-09-30 | 31.42% |
| 2019-06-30 | 24.40% |
| 2019-03-31 | 27.31% |
| 2018-12-31 | -28.77% |
| 2018-09-30 | 21.75% |
| 2018-06-30 | 19.61% |
| 2018-03-31 | 23.52% |
| 2017-12-31 | -8.39% |
| 2017-09-30 | 14.49% |
| 2017-06-30 | 19.65% |
| 2017-03-31 | 21.63% |
| 2016-12-31 | 26.43% |
| 2016-09-30 | 18.11% |
| 2016-06-30 | -28.11% |
| 2016-03-31 | 15.78% |
| 2015-12-31 | -37.34% |
| 2015-09-30 | 19.79% |
| 2015-06-30 | 21.32% |
| 2015-03-31 | 13.23% |
| 2014-12-31 | 24.80% |
| 2014-09-30 | 14.84% |
| 2014-06-30 | 18.53% |
| 2014-03-31 | 24.01% |
| 2013-12-31 | 15.84% |
| 2013-09-30 | 20.70% |
| 2013-06-30 | 19.81% |
| 2013-03-31 | 23.54% |
| 2012-12-31 | 20.33% |
| 2012-09-30 | 21.29% |
| 2012-06-30 | 17.98% |
| 2012-03-31 | 26.10% |
| 2011-12-31 | -2035.29% |
| 2011-09-30 | 23.17% |
| 2011-06-30 | 23.19% |
| 2011-03-31 | 23.46% |
| 2010-12-31 | 18.23% |
| 2010-09-30 | -56.09% |
| 2010-06-30 | 18.17% |
| 2010-03-31 | 18.49% |
| 2009-12-31 | 19.60% |
| 2009-09-30 | 18.78% |
| 2009-06-30 | 18.39% |
| 2009-03-31 | 14.57% |
| 2008-12-31 | 18.95% |
| 2008-09-30 | 21.52% |
| 2008-06-30 | 21.69% |
| 2008-03-31 | 25.44% |
| 2007-12-31 | 19.60% |
| 2007-09-30 | 17.17% |
| 2007-06-30 | 17.74% |
| 2007-03-31 | 16.17% |
| 2006-12-31 | 6.72% |
| 2006-09-30 | 12.77% |
| 2006-06-30 | 6.69% |
| 2006-03-31 | 11.83% |
| 2005-12-31 | 9.96% |
| 2005-09-30 | 3.98% |
| 2005-06-30 | 9.80% |
| 2005-03-31 | 15.65% |
| 2004-12-31 | 9.71% |
| 2004-09-30 | 7.43% |
| 2004-06-30 | 5.98% |
| 2004-03-31 | 8.52% |
| 2003-12-31 | 7.06% |
| 2003-09-30 | 5.10% |
| 2003-06-30 | 18.10% |
| 2003-03-31 | 4.72% |
| 2002-12-31 | -36.34% |
| 2002-09-30 | -1.43% |
| 2002-06-30 | -27.89% |
