Companies: 10,795·Total market cap: $144.5T
The Williams Companies, Inc.

The Williams Companies, Inc.

WMBNYSEEnergy● Active
$72.05
+$0.09(+0.13%)
Market Cap$88.1B
P/E Ratio—
52W High$80.08
52W Low$55.82
Free Cash FlowFinancialsRevenue

The Williams Companies, Inc. (WMB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WMB · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $1.00B for FY2025 (fiscal year ending 2025-12-31), down 58.1% year-over-year The FCF margin was 8.4%. Five-year CAGR stands at -14.7%.

FY2025 Free Cash Flow$1.00B▼ -58.1% YoY
Trailing 12M (TTM)$722.0Mtrailing 4 quarters sum
FCF Margin8.4%$1.00B ÷ revenue
3-Year CAGR-27.2%FY2022 → FY2025
5-Year CAGR-14.7%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
wmb free cash flow history · wmb free cash flow chart · wmb free cash flow growth rate · wmb free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$1.00B▼ 58.1%8.4%
FY2024$2.40B▼ 28.8%22.9%
FY2023$3.37B▲ +29.4%30.9%
FY2022$2.61B▼ 3.4%23.8%
FY2021$2.70B▲ +21.5%25.4%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
wmb free cash flow 2025 · wmb free cash flow 2024 · wmb free cash flow 2023 · wmb operating cash flow

FCF valuation metrics

The Williams Companies, Inc. (WMB) trades at a FCF yield of 0.82% and a price-to-free-cash-flow ratio of 122.1x. FCF per share stands at $0.59, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
0.82%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$0.59
TTM FCF ÷ Shares Outstanding
Price / FCF
x122.1
Share Price ÷ FCF per Share
EV / FCF (TTM)
x162.8
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
wmb price to free cash flow · wmb free cash flow yield · wmb free cash flow per share · wmb price to cash flow ratio

Cash flow statement summary

For FY2025, The Williams Companies, Inc. generated $5.90B in operating cash flow and spent 4.89B in capital expenditures, yielding $1.00B in free cash flow.

Operating Activities
+$5.90B
Cash from core business operations
2025-12-31
Investing Activities
−$5.45B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$442.0M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($5.90B) − |CapEx| (4.89B) = FCF ($1.00B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
wmb cash flow statement · wmb cash flow statement 2025 · wmb operating cash flow · wmb cash flow from operations

Free cash flow vs peers (Energy)

#CompanyFree Cash FlowYoY
#1
The Williams Companies, Inc.
The Williams Companies, Inc.YOU
WMB
$1.00B-58.1%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$23.61B-23.1%#3
Shell plc
Shell plc
SHEL
$21.82B-37.8%#4
Chevron Corporation
Chevron Corporation
CVX
$16.59B+10.3%#5
TotalEnergies SE
TotalEnergies SE
TTE
$10.81B-32.2%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$3.98B-29.8%
Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The Williams Companies, Inc. (WMB) reported free cash flow of $1.00B for FY2025 (fiscal year ending 2025-12-31), down 58.1% year-over-year. The FCF margin was 8.4%.

Based on available data, The Williams Companies, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $3.37B in FY2023. The 5-year CAGR stands at -14.7%.

The Williams Companies, Inc.'s FCF yield is 0.82% and price-to-FCF ratio is 122.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

WMB free cash flow · 8 questions

The Williams Companies, Inc. free cash flow was $1.00B for FY2025, down 58.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $722.0M.

WMB free cash flowWMB FCFWMB FCF 2025WMB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The Williams Companies, Inc. · The Williams Companies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026