WMB drawdown: 6.8% below the all-time high
Williams Companies Inc. (The) (WMB) is 6.8% below its all-time high, set May 19, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1981).
- Below all-time high
- −6.8%
- 93.2% of ATH
- All-time high
- $79.40
- May 19, 2026
- Time below the high
- 2 mo
- since May 19, 2026
- Worst-ever drawdown
- −98.2%
- Jul 25, 2002
- Longest underwater
- 14.6 yrs
- between all-time highs
- Today's level first reached
- Feb 26, 2026
- 5 mo ago
- Last time this deep
- Apr 21, 2026
- in a previous episode
% of all-time high since 1981#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of WMB, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 8, 1999 | Jul 25, 2002 | −98.2% | 3.1 yrs | Jan 28, 2014 | 14.6 yrs |
| Jun 22, 2015 | Mar 18, 2020 | −84.8% | 4.7 yrs | Mar 24, 2025 | 9.8 yrs |
| Feb 3, 1982 | Aug 11, 1982 | −55.3% | 6 mo | Aug 26, 1983 | 1.6 yrs |
| Oct 9, 1989 | Aug 23, 1990 | −48.0% | 10 mo | Mar 2, 1993 | 3.4 yrs |
| Oct 18, 1985 | Aug 1, 1986 | −46.0% | 9 mo | Mar 17, 1987 | 17 mo |
| Oct 2, 1987 | Dec 4, 1987 | −45.4% | 2 mo | Jun 1, 1989 | 1.7 yrs |
| Jul 16, 1998 | Aug 31, 1998 | −37.5% | 46 days | Feb 26, 1999 | 7 mo |
| Aug 29, 2014 | Jan 13, 2015 | −31.1% | 5 mo | Jun 22, 2015 | 10 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1981: how far WMB stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: WMB is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is WMB from its all-time high?
- WMB is currently 6.8% below its all-time high, set May 19, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest WMB drawdown ever?
- The deepest decline on record in our data (since 1981) took the stock 98.2% below its prior high, bottoming Jul 25, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1981 (split-adjusted). "All-time" means since our price data begins — WMB may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.