The Williams Companies (WMB) ROIC: History & Chart

Name: The Williams Companies, Inc. (WMB) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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The Williams Companies, Inc.(WMB)

Oil & Gas Midstream · Tulsa, OK

$71.95-0.90 (-1.24%)

Delayed quote: Sep 14, 2026, 4:00 PM EDT

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About The Williams Companies, Inc.

The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast. This segment also oversees various petrochemical and feedstock pipelines. Focusing on midstream activities, the Northeast G&P segment handles gathering, processing, and fractionation within the Marcellus Shale region, predominantly in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment delivers gas gathering, processing, and treating services across the Rocky Mountain areas of Colorado and Wyoming, the Barnett Shale in north-central Texas, the Eagle Ford Shale in South Texas, the Haynesville Shale in northwest Louisiana, and the expansive Mid-Continent region (including the Anadarko, Arkoma, and Permian basins). This segment also operates natural gas liquid (NGL) fractionation and storage facilities located near Conway in central Kansas. The Gas & NGL Marketing Services segment provides comprehensive wholesale marketing, trading, storage, and transportation of natural gas to utilities, municipalities, power generators, and producers, while also offering risk and asset management and NGL marketing services. The company possesses and operates an extensive network, including 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and an approximate NGL storage capacity of 23 million barrels. The Williams Companies, Inc. was established in 1908 and maintains its headquarters in Tulsa, Oklahoma.

Tulsa, OK

5,987 employees

www.williams.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Chad J. Zamarin

View full financials

WMB Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

6.64%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

6.05%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

6.02%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

5.60%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

3.81%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

3.84%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

3.97%

CURRENT VS TTM AVG

+9.69%

CURRENT VS 3Y AVG

+10.17%

CURRENT VS 5Y AVG

+18.59%

CURRENT VS 10Y AVG

+74.00%

CURRENT VS 15Y AVG

+72.84%

CURRENT VS 20Y AVG

+67.31%

SECTOR MEDIAN · ENERGY

8.92%

median of 50 covered companies

CURRENT VS SECTOR MEDIAN

-25.60%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
The Williams Companies, Inc. (WMB)	$88.01B	6.64%	6.05%	6.02%	5.60%
Enterprise Products Partners L.P. (EPD)vs ›	$83.73B	11.34%	10.90%	11.31%	10.78%
Suncor Energy Inc. (SU)vs ›	$81.14B	14.57%	14.70%	16.95%	14.20%
Eni S.p.A. (E)vs ›	$80.26B	1.92%	3.40%	5.69%	5.08%
Slb N.V. (SLB)vs ›	$79.13B	9.15%	12.04%	11.73%	9.83%
EOG Resources, Inc. (EOG)vs ›	$79.12B	16.57%	14.05%	17.01%	13.41%
Energy Transfer LP (ET)vs ›	$73.95B	8.16%	7.33%	7.52%	6.81%
Phillips 66 (PSX)vs ›	$103.06B	12.71%	3.97%	7.78%	4.95%
Canadian Natural Resources Limited (CNQ)vs ›	$104.95B	13.86%	12.12%	13.45%	10.71%
Kinder Morgan, Inc. (KMI)vs ›	$68.94B	5.72%	5.22%	5.08%	4.88%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

The Williams Companies, Inc. (WMB)

$88.01B

6.64%

6.05%

6.02%

5.60%

Enterprise Products Partners L.P. (EPD)vs ›

$83.73B

11.34%

10.90%

11.31%

10.78%

Suncor Energy Inc. (SU)vs ›

$81.14B

14.57%

14.70%

16.95%

14.20%

Eni S.p.A. (E)vs ›

$80.26B

1.92%

3.40%

5.69%

5.08%

Slb N.V. (SLB)vs ›

$79.13B

9.15%

12.04%

11.73%

9.83%

EOG Resources, Inc. (EOG)vs ›

$79.12B

16.57%

14.05%

17.01%

13.41%

Energy Transfer LP (ET)vs ›

$73.95B

8.16%

7.33%

7.52%

6.81%

Phillips 66 (PSX)vs ›

$103.06B

12.71%

3.97%

7.78%

4.95%

Canadian Natural Resources Limited (CNQ)vs ›

$104.95B

13.86%

12.12%

13.45%

10.71%

Kinder Morgan, Inc. (KMI)vs ›

$68.94B

5.72%

5.22%

5.08%

4.88%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The return on invested capital (ROIC) for WMB stock is 6.64%.

Is The Williams Companies, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 6.64% is 19% above its 5-year average of 5.60%, near the high end of its 5-year range (3.81%–6.90%).

What is the TTM average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The TTM average return on invested capital (ROIC) for WMB stock is 6.05%.

What is the 3Y average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The 3Y average return on invested capital (ROIC) for WMB stock is 6.02%.

What is the 5Y average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The 5Y average return on invested capital (ROIC) for WMB stock is 5.60%.

What is the 10Y average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The 10Y average return on invested capital (ROIC) for WMB stock is 3.81%.

What is the 15Y average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The 15Y average return on invested capital (ROIC) for WMB stock is 3.84%.

What is the 20Y average return on invested capital (ROIC) for The Williams Companies, Inc. (WMB)?

The 20Y average return on invested capital (ROIC) for WMB stock is 3.97%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	6.64%
2026-03-31	6.34%
2025-12-31	6.16%
2025-09-30	5.75%
2025-06-30	5.37%
2025-03-31	5.21%
2024-12-31	5.10%
2024-09-30	5.41%
2024-06-30	5.87%
2024-03-31	6.06%
2023-12-31	6.67%
2023-09-30	6.84%
2023-06-30	6.90%
2023-03-31	6.56%
2022-12-31	5.65%
2022-09-30	5.49%
2022-06-30	4.61%
2022-03-31	4.44%
2021-12-31	4.44%
2021-09-30	3.81%
2021-06-30	4.21%
2021-03-31	4.23%
2020-12-31	3.68%
2020-09-30	2.46%
2020-06-30	2.41%
2020-03-31	2.28%
2019-12-31	2.98%
2019-09-30	1.74%
2019-06-30	1.14%
2019-03-31	1.04%
2018-12-31	1.03%
2018-09-30	2.69%
2018-06-30	2.22%
2018-03-31	2.11%
2017-12-31	2.02%
2017-09-30	3.16%
2017-06-30	3.00%
2017-03-31	1.83%
2016-12-31	1.56%
2016-09-30	-1.38%
2016-06-30	-1.34%
2016-03-31	0.55%
2015-12-31	0.48%
2015-09-30	2.06%
2015-06-30	1.89%
2015-03-31	1.79%
2014-12-31	2.09%
2014-09-30	1.68%
2014-06-30	2.50%
2014-03-31	3.33%
2013-12-31	3.41%
2013-09-30	4.29%
2013-06-30	4.47%
2013-03-31	4.63%
2012-12-31	5.10%
2012-09-30	6.22%
2012-06-30	7.37%
2012-03-31	8.89%
2011-12-31	10.66%
2011-09-30	6.22%
2011-06-30	0.22%
2011-03-31	0.03%
2010-12-31	0.21%
2010-09-30	0.28%
2010-06-30	5.15%
2010-03-31	4.86%
2009-12-31	4.02%
2009-09-30	4.48%
2009-06-30	5.28%
2009-03-31	6.31%
2008-12-31	7.99%
2008-09-30	7.91%
2008-06-30	7.28%
2008-03-31	6.64%
2007-12-31	5.55%
2007-09-30	4.82%
2007-06-30	4.31%
2007-03-31	3.06%
2006-12-31	2.97%
2006-09-30	3.25%
2006-06-30	2.66%
2006-03-31	3.21%
2005-12-31	3.49%
2005-09-30	3.01%
2005-06-30	3.40%
2005-03-31	3.21%
2004-12-31	2.83%
2004-09-30	4.84%
2004-06-30	4.62%
2004-03-31	3.61%
2003-12-31	3.55%
2003-09-30	3.38%
2003-06-30	2.79%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

6.64%

2026-03-31

6.34%

2025-12-31

6.16%

2025-09-30

5.75%

2025-06-30

5.37%

2025-03-31

5.21%

2024-12-31

5.10%

2024-09-30

5.41%

2024-06-30

5.87%

2024-03-31

6.06%

2023-12-31

6.67%

2023-09-30

6.84%

2023-06-30

6.90%

2023-03-31

6.56%

2022-12-31

5.65%

2022-09-30

5.49%

2022-06-30

4.61%

2022-03-31

4.44%

2021-12-31

4.44%

2021-09-30

3.81%

2021-06-30

4.21%

2021-03-31

4.23%

2020-12-31

3.68%

2020-09-30

2.46%

2020-06-30

2.41%

2020-03-31

2.28%

2019-12-31

2.98%

2019-09-30

1.74%

2019-06-30

1.14%

2019-03-31

1.04%

2018-12-31

1.03%

2018-09-30

2.69%

2018-06-30

2.22%

2018-03-31

2.11%

2017-12-31

2.02%

2017-09-30

3.16%

2017-06-30

3.00%

2017-03-31

1.83%

2016-12-31

1.56%

2016-09-30

-1.38%

2016-06-30

-1.34%

2016-03-31

0.55%

2015-12-31

0.48%

2015-09-30

2.06%

2015-06-30

1.89%

2015-03-31

1.79%

2014-12-31

2.09%

2014-09-30

1.68%

2014-06-30

2.50%

2014-03-31

3.33%

2013-12-31

3.41%

2013-09-30

4.29%

2013-06-30

4.47%

2013-03-31

4.63%

2012-12-31

5.10%

2012-09-30

6.22%

2012-06-30

7.37%

2012-03-31

8.89%

2011-12-31

10.66%

2011-09-30

6.22%

2011-06-30

0.22%

2011-03-31

0.03%

2010-12-31

0.21%

2010-09-30

0.28%

2010-06-30

5.15%

2010-03-31

4.86%

2009-12-31

4.02%

2009-09-30

4.48%

2009-06-30

5.28%

2009-03-31

6.31%

2008-12-31

7.99%

2008-09-30

7.91%

2008-06-30

7.28%

2008-03-31

6.64%

2007-12-31

5.55%

2007-09-30

4.82%

2007-06-30

4.31%

2007-03-31

3.06%

2006-12-31

2.97%

2006-09-30

3.25%

2006-06-30

2.66%

2006-03-31

3.21%

2005-12-31

3.49%

2005-09-30

3.01%

2005-06-30

3.40%

2005-03-31

3.21%

2004-12-31

2.83%

2004-09-30

4.84%

2004-06-30

4.62%

2004-03-31

3.61%

2003-12-31

3.55%

2003-09-30

3.38%

2003-06-30

2.79%

Return on Invested Capital (ROIC): 6.64%

WMB Return on Invested Capital (ROIC)

WMB Average Return on Invested Capital (ROIC) Chart

WMB Current vs Average Return on Invested Capital (ROIC) Chart

WMB Return on Invested Capital (ROIC) Metrics

WMB Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

WMB Return on Invested Capital (ROIC) History

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