Williams Companies Inc (WMB) - Net Assets
Based on the latest financial reports, Williams Companies Inc (WMB) has net assets worth $15.16 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($59.57 Billion) and total liabilities ($44.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Williams Companies Inc assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.16 Billion |
| % of Total Assets | 25.45% |
| Annual Growth Rate | 7.7% |
| 5-Year Change | 6.34% |
| 10-Year Change | 6.76% |
| Growth Volatility | 46.9 |
Williams Companies Inc - Net Assets Trend (1994–2025)
This chart illustrates how Williams Companies Inc's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Williams Companies Inc to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Williams Companies Inc (1994–2025)
The table below shows the annual net assets of Williams Companies Inc from 1994 to 2025. For live valuation and market cap data, see Williams Companies Inc (WMB) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.99 Billion | +1.04% |
| 2024-12-31 | $14.84 Billion | -0.34% |
| 2023-12-31 | $14.89 Billion | +6.02% |
| 2022-12-31 | $14.04 Billion | -0.40% |
| 2021-12-31 | $14.10 Billion | -3.31% |
| 2020-12-31 | $14.58 Billion | -10.88% |
| 2019-12-31 | $16.36 Billion | +2.29% |
| 2018-12-31 | $16.00 Billion | -1.10% |
| 2017-12-31 | $16.18 Billion | +15.16% |
| 2016-12-31 | $14.05 Billion | -13.43% |
| 2015-12-31 | $16.23 Billion | -19.57% |
| 2014-12-31 | $20.17 Billion | +126.12% |
| 2013-12-31 | $8.92 Billion | +20.12% |
| 2012-12-31 | $7.43 Billion | +187.20% |
| 2011-12-31 | $2.59 Billion | -70.00% |
| 2010-12-31 | $8.62 Billion | -4.44% |
| 2009-12-31 | $9.02 Billion | +6.86% |
| 2008-12-31 | $8.44 Billion | +32.39% |
| 2007-12-31 | $6.38 Billion | -10.89% |
| 2006-12-31 | $7.15 Billion | +26.81% |
| 2005-12-31 | $5.64 Billion | +11.59% |
| 2004-12-31 | $5.06 Billion | +20.77% |
| 2003-12-31 | $4.19 Billion | -23.51% |
| 2002-12-31 | $5.47 Billion | -12.37% |
| 2001-12-31 | $6.25 Billion | -16.98% |
| 2000-12-31 | $7.52 Billion | +22.38% |
| 1999-12-31 | $6.15 Billion | +28.98% |
| 1998-12-31 | $4.77 Billion | +29.19% |
| 1997-12-31 | $3.69 Billion | +7.83% |
| 1996-12-31 | $3.42 Billion | +7.34% |
| 1995-12-31 | $3.19 Billion | +111.70% |
| 1994-12-31 | $1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Williams Companies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1807.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.26 Billion | 9.85% |
| Other Comprehensive Income | $127.00 Million | 0.99% |
| Other Components | $23.66 Billion | 184.71% |
| Total Equity | $12.81 Billion | 100.00% |
Williams Companies Inc Competitors by Market Cap
The table below lists competitors of Williams Companies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adobe Systems Incorporated
NASDAQ:ADBE
|
$87.82 Billion |
|
Waste Management Inc
NYSE:WM
|
$87.86 Billion |
|
Monster Beverage Corp
NASDAQ:MNST
|
$88.17 Billion |
|
Comcast Corp
NASDAQ:CMCSA
|
$88.18 Billion |
|
Trane Technologies plc
F:2IS
|
$87.59 Billion |
|
Zurich Insurance Group AG
F:ZFI1
|
$87.53 Billion |
|
PNC Financial Services Group Inc
NYSE:PNC
|
$87.08 Billion |
|
Midea Group Co Ltd
SHE:000333
|
$86.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Williams Companies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,436,000,000 to 12,807,000,000, a change of 371,000,000 (3.0%).
- Net income of 2,618,000,000 contributed positively to equity growth.
- Dividend payments of 2,442,000,000 reduced retained earnings.
- Share repurchases of 9,000,000 reduced equity.
- New share issuances of 9,000,000 increased equity.
- Other comprehensive income increased equity by 51,000,000.
- Other factors increased equity by 144,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.62 Billion | +20.44% |
| Dividends Paid | $2.44 Billion | -19.07% |
| Share Repurchases | $9.00 Million | -0.07% |
| Share Issuances | $9.00 Million | +0.07% |
| Other Comprehensive Income | $51.00 Million | +0.4% |
| Other Changes | $144.00 Million | +1.12% |
| Total Change | $- | 2.98% |
Book Value vs Market Value Analysis
This analysis compares Williams Companies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.54x to 6.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $4.62 | $71.81 | x |
| 1995-12-31 | $10.20 | $71.81 | x |
| 1996-12-31 | $8.37 | $71.81 | x |
| 1997-12-31 | $13.06 | $71.81 | x |
| 1998-12-31 | $9.90 | $71.81 | x |
| 1999-12-31 | $12.66 | $71.81 | x |
| 2000-12-31 | $13.15 | $71.81 | x |
| 2001-12-31 | $12.02 | $71.81 | x |
| 2002-12-31 | $9.74 | $71.81 | x |
| 2003-12-31 | $7.94 | $71.81 | x |
| 2004-12-31 | $9.39 | $71.81 | x |
| 2005-12-31 | $8.96 | $71.81 | x |
| 2006-12-31 | $9.98 | $71.81 | x |
| 2007-12-31 | $10.45 | $71.81 | x |
| 2008-12-31 | $14.24 | $71.81 | x |
| 2009-12-31 | $14.33 | $71.81 | x |
| 2010-12-31 | $12.46 | $71.81 | x |
| 2011-12-31 | $2.17 | $71.81 | x |
| 2012-12-31 | $6.98 | $71.81 | x |
| 2013-12-31 | $7.08 | $71.81 | x |
| 2014-12-31 | $11.75 | $71.81 | x |
| 2015-12-31 | $8.21 | $71.81 | x |
| 2016-12-31 | $6.19 | $71.81 | x |
| 2017-12-31 | $11.65 | $71.81 | x |
| 2018-12-31 | $15.06 | $71.81 | x |
| 2019-12-31 | $11.01 | $71.81 | x |
| 2020-12-31 | $9.69 | $71.81 | x |
| 2021-12-31 | $9.38 | $71.81 | x |
| 2022-12-31 | $9.39 | $71.81 | x |
| 2023-12-31 | $10.14 | $71.81 | x |
| 2024-12-31 | $10.17 | $71.81 | x |
| 2025-12-31 | $10.49 | $71.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Williams Companies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.91%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.57x
- Recent ROE (20.44%) is above the historical average (8.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 16.39% | 14.09% | 0.34x | 3.47x | $96.15 Million |
| 1995 | 41.36% | 46.16% | 0.27x | 3.29x | $999.49 Million |
| 1996 | 13.44% | 6.71% | 0.55x | 3.63x | $117.70 Million |
| 1997 | 8.70% | 4.46% | 0.59x | 3.28x | $-54.96 Million |
| 1998 | 2.99% | 1.66% | 0.41x | 4.38x | $-298.24 Million |
| 1999 | 3.96% | 3.34% | 0.26x | 4.53x | $-337.12 Million |
| 2000 | 8.90% | 7.99% | 0.16x | 6.82x | $-64.90 Million |
| 2001 | -7.90% | -9.01% | 0.14x | 6.44x | $-1.08 Billion |
| 2002 | -14.95% | -20.31% | 0.11x | 6.93x | $-1.26 Billion |
| 2003 | -12.00% | -2.96% | 0.62x | 6.59x | $-902.41 Million |
| 2004 | 3.30% | 1.31% | 0.52x | 4.84x | $-331.89 Million |
| 2005 | 5.79% | 3.21% | 0.33x | 5.42x | $-228.75 Million |
| 2006 | 5.09% | 3.30% | 0.37x | 4.18x | $-298.32 Million |
| 2007 | 15.53% | 9.44% | 0.42x | 3.93x | $352.50 Million |
| 2008 | 16.80% | 11.93% | 0.46x | 3.08x | $574.00 Million |
| 2009 | 3.37% | 5.40% | 0.21x | 2.99x | $-559.70 Million |
| 2010 | -15.05% | -16.53% | 0.27x | 3.43x | $-1.83 Billion |
| 2011 | 29.01% | 4.74% | 0.48x | 12.73x | $246.40 Million |
| 2012 | 18.08% | 11.47% | 0.31x | 5.12x | $383.80 Million |
| 2013 | 8.84% | 6.27% | 0.25x | 5.58x | $-56.40 Million |
| 2014 | 24.09% | 27.68% | 0.15x | 5.76x | $1.24 Billion |
| 2015 | -9.29% | -7.76% | 0.15x | 7.97x | $-1.19 Billion |
| 2016 | -9.13% | -5.65% | 0.16x | 10.09x | $-888.30 Million |
| 2017 | 22.51% | 27.07% | 0.17x | 4.80x | $1.21 Billion |
| 2018 | -1.06% | -1.78% | 0.19x | 3.09x | $-1.62 Billion |
| 2019 | 6.36% | 10.36% | 0.18x | 3.45x | $-486.30 Million |
| 2020 | 1.79% | 2.73% | 0.17x | 3.75x | $-965.90 Million |
| 2021 | 13.28% | 14.27% | 0.22x | 4.17x | $374.70 Million |
| 2022 | 17.84% | 18.69% | 0.23x | 4.22x | $900.50 Million |
| 2023 | 25.63% | 29.15% | 0.21x | 4.24x | $1.94 Billion |
| 2024 | 17.89% | 21.18% | 0.19x | 4.39x | $981.40 Million |
| 2025 | 20.44% | 21.91% | 0.20x | 4.57x | $1.34 Billion |
Industry Comparison
This section compares Williams Companies Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $853,548,302
- Average return on equity (ROE) among peers: 295.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Williams Companies Inc (WMB) | $15.16 Billion | 16.39% | 2.93x | $87.82 Billion |
| Antero Midstream Partners LP (AM) | $2.15 Billion | 17.28% | 1.67x | $10.05 Billion |
| CBL International Limited Ordinary Shares (BANL) | $25.29 Million | 4.50% | 1.11x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $8.85 Million | 2077.06% | 0.02x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $125.13 Million | -65.77% | 1.46x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.07 Billion | -4.02% | 1.29x | $3.17 Billion |
| Cheniere Energy Partners LP (CQP) | $414.00 Million | 721.50% | 41.12x | $29.93 Billion |
| Cheniere Energy Partners LP (CQP) | $639.00 Million | 76.68% | 26.47x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $6.10 Million | 100.31% | 48.37x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $367.84 Million | 18.17% | 2.01x | $132.43 Million |
| DT Midstream Inc (DTM) | $3.72 Billion | 5.48% | 1.09x | $12.24 Billion |
About Williams Companies Inc
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas sto… Read more