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EQNR vs. WMB: Equinor vs. Williams Stock Comparison

How do Equinor (EQNR) and Williams (WMB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Williams (WMB) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while WMB falls under Oil & Gas Storage & Transportation.

Williams (WMB) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Williams (WMB)
Profile ItemEQNRWMB
NameEquinor ASA Sponsored ADRThe Williams Companies, Inc.
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization99.39 billion USD80.11 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001December 31, 1981
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
WMB
GSPC
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Equinor (EQNR) vs. Williams (WMB), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Williams (WMB). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Williams (WMB). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Total Return (1Y)78.03%14.81%
Total Return (3Y, Annualized)17.56%28.70%
Total Return (5Y, Annualized)17.66%23.72%

Risk Profile

Drawdown History

EQNR
WMB
GSPC
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Equinor (EQNR) vs. Williams (WMB), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Williams (WMB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Volatility (1Y, Annualized)40.50%26.38%
Beta (5Y)0.180.65
Max Drawdown (5Y)-34.57%-23.01%
Avg. Volume (3M)3.77M7.88M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and WMB are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Sharpe Ratio (1Y)1.820.40
Sortino Ratio (1Y)2.760.56

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Williams (WMB) at 18.31% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

WMB

Energy industry group

18.31%

Max
53.85%
Q3
24.79%
WMB
18.31%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Williams (WMB): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Williams (WMB) at 24.66% retains a top-quartile share of revenue as profit, ahead of Equinor (EQNR) at 9.79%, which keeps about the industry-typical share.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

WMB

Energy industry group

24.66%

Max
56.92%
WMB
24.66%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Williams (WMB): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Williams (WMB) at 32.69%, which runs around its industry’s norm.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

WMB

Energy industry group

32.69%

Max
71.31%
Q3
33.75%
WMB
32.69%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Williams (WMB): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
ROE (TTM)27.57%18.31%
ROA (TTM)17.10%4.59%
Net Margin (TTM)9.79%24.66%
Operating Margin (TTM)37.00%32.69%
Gross Margin (TTM)43.18%63.05%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Williams (WMB) at 13.78% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Williams (WMB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Williams (WMB) at 17.58% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Williams (WMB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Revenue Growth (YoY)3.24%13.78%
Revenue Growth (3Y CAGR)-10.78%2.91%
EPS Growth (YoY)-37.62%17.58%
EPS Growth (3Y CAGR)-40.11%8.62%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Williams (WMB) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WMB.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

WMB

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
WMB
0.75
Min
0.24
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Equinor (EQNR) vs. Williams (WMB): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Equinor (EQNR) at 0.66 carries an industry-typical debt-to-equity mix, while Williams (WMB) at 1.58 uses more debt funding than most peers.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

WMB

Energy industry group

1.58

Max
1.75
WMB
1.58
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Equinor (EQNR) vs. Williams (WMB): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Current Ratio (MRQ)1.180.75
Debt / Equity (MRQ)0.661.58
Net Debt / EBITDA0.124.58

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Williams (WMB) at 3.23% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

WMB

Energy industry group

3.23%

Max
8.57%
Q3
3.58%
WMB
3.23%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Williams (WMB): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Equinor (EQNR) at 31.54% pays out a band-typical share of earnings, while Williams (WMB) at 81.69% distributes more than its industry norm — less retained, thinner cover.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

WMB

Energy industry group

81.69%

Max
133.24%
WMB
81.69%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Williams (WMB): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
Dividend Yield (TTM)3.67%3.23%
Dividend Payout Ratio (TTM)31.54%81.69%

Valuation

P/E Ratio (TTM)

Equinor (EQNR) at 8.71 is near its industry’s usual P/E ratio, while Williams (WMB) at 25.23 sits in the richer quartile — WMB needs stronger growth or earnings quality to justify the premium.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

WMB

Energy industry group

25.23

Max
39.54
WMB
25.23
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Williams (WMB): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Williams (WMB) at 6.32 prices above its industry range — a wide gap in sales valuation between them.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

WMB

Energy industry group

6.32

WMB
6.32
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Williams (WMB): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Equinor (EQNR) at 4.44 and Williams (WMB) at 5.11 look expensive — each P/B ratio sits above its industry’s benchmark range.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

WMB

Energy industry group

5.11

WMB
5.11
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Williams (WMB): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Williams (WMB)
MetricEQNRWMB
P/E Ratio (TTM)8.7125.23
P/S Ratio (TTM)0.826.32
P/B Ratio (MRQ)4.445.11
Free Cash Flow Yield (TTM)32.55%-3.56%