Why convert HEIC straight to WebP?
If you are putting iPhone photos on a website, WebP is where they should end up: every current browser supports it, and it is meaningfully smaller than JPG at the same visual quality.
The tempting route is HEIC to JPG and then JPG to WebP, because those are the conversions people already know about. Avoid it. Each lossy-to-lossy step discards a little more detail, so two steps give you a file that is both slightly worse and slightly larger than one step would have produced.
This tool decodes the HEIC and encodes the WebP directly, with nothing in between.
What size should I expect?
HEIC and WebP are both modern and both efficient, so the file size usually lands close to where it started — sometimes a little above. That is normal, and it is not a sign the conversion went wrong.
You are not converting for size here. You are converting because browsers render WebP and do not render HEIC.
Where the saving does show up is against JPG. On the fixed test image used for all measurements on this site, WebP came out roughly 40% smaller than JPG from the same source.
Where does WebP not belong?
WebP is a web format. Photo viewers, print services, older editors and plenty of upload forms still reject it.
Convert to WebP for images that will live on a site you control. For anything you are handing to another person, HEIC to JPG is the safer destination, and for an editable master copy, HEIC to PNG.