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May 4, 2026·SEC
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May 4, 2026·SEC
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The Williams Companies, Inc.(WMB)Earnings, Financials & Key Ratios
WMB•NYSE
$76.12
$93.08B mkt cap·35.6× P/E·Price updated May 6, 2026
AboutThe Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment comprises gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, and the Mid-Continent region, which includes the Anadarko, Arkoma, and Permian basins; and operates natural gas liquid (NGL) fractionation and storage facilities in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; risk and asset management; and NGL marketing services. The company owns and operates 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and approximately 23 million barrels of NGL storage capacity. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.Show more
- Revenue$11.95B+13.8%
- EBITDA$6.75B+21.4%
- Net Income$2.62B+17.7%
- EPS (Diluted)2.14+17.6%
- Gross Margin42.86%-27.0%
- EBITDA Margin56.47%+6.7%
- Operating Margin36.83%+15.8%
- Net Margin21.91%+3.4%
- ROE17.55%+17.3%
- ROIC7.66%+24.0%
- Debt/Equity1.96+7.3%
- Interest Coverage3.51+10.2%
WMB Key Insights
The Williams Companies, Inc. (WMB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 65.5%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 18.2%
- ✓Healthy dividend yield of 2.6%
- ✓Healthy 5Y average net margin of 21.0%
✗Weaknesses
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WMB Price & Volume
The Williams Companies, Inc. (WMB) stock price & volume — 10-year historical chart
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WMB Growth Metrics
The Williams Companies, Inc. (WMB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.97%
5 Years9.13%
3 Years2.91%
TTM10.58%
Profit CAGR
10 Years-
5 Years65.48%
3 Years8.51%
TTM24.3%
EPS CAGR
10 Years-
5 Years65.96%
3 Years8.62%
TTM21.81%
Return on Capital
10 Years5.35%
5 Years7.68%
3 Years8.38%
Last Year8.66%
WMB Recent Earnings
The Williams Companies, Inc. (WMB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 4, 2026EPS
$0.73
Est $0.63
+15.1%
Revenue
$3.0B
Est $3.3B
-7.6%
Q1 2026
Feb 10, 2026EPS
$0.55
Est $0.57
-4.0%
Revenue
$3.2B
Est $3.0B
+6.0%
Q4 2025
Nov 3, 2025EPS
$0.49
Est $0.52
-5.0%
Revenue
$2.9B
Est $2.9B
+1.4%
Q3 2025
Aug 4, 2025EPS
$0.46
Est $0.48
-4.2%
Revenue
$2.8B
Est $2.7B
+1.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.73vs $0.63+15.1% | $3.0Bvs $3.3B-7.6% |
| Q1 2026 | Feb 10, 2026 | $0.55vs $0.57-4.0% | $3.2Bvs $3.0B+6.0% |
| Q4 2025 | Nov 3, 2025 | $0.49vs $0.52-5.0% | $2.9Bvs $2.9B+1.4% |
| Q3 2025 | Aug 4, 2025 | $0.46vs $0.48-4.2% | $2.8Bvs $2.7B+1.6% |
Based on last 12 quarters of dataView full earnings history →
WMB Peer Comparison
The Williams Companies, Inc. (WMB) competitors in Natural Gas Pipelines and Storage — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KMI | 71.84B | 32.29 | 23.57 | 12.45% | 18.92% | 10.27% | 4.48% | 1.00 |
 ET | 70.15B | 20.39 | 15.10 | -0.05% | 5.93% | 10.38% | 5.48% | 1.45 |
 EPD | 83.23B | 38.50 | 14.47 | -6.44% | 11.03% | 19.29% | 3.56% | 1.14 |
 TRGP | 55.8B | 259.72 | 30.48 | 3.06% | 9.44% | 58.24% | 7.02% | 5.45 |
 OKE | 56.72B | 90.02 | 16.61 | 55.42% | 10.04% | 15.86% | 4.31% | 1.45 |
 MPLX | 56.51B | 55.66 | 11.55 | 8.37% | 37.54% | 32.81% | 7.26% | 1.80 |
 DT | 11.57B | 38.62 | 24.29 | 18.75% | 9.55% | 6.71% | 3.75% | 0.03 |
 AM | 10.35B | 21.78 | 25.33 | 6.99% | 31.94% | 20.38% | 7.45% | 1.63 |
Compare WMB vs Peers
The Williams Companies, Inc. (WMB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WMB Income Statement
The Williams Companies, Inc. (WMB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 8.03B | 8.69B | 8.2B | 7.72B | 10.63B | 10.96B | 10.91B | 10.5B | 11.95B | 11.92B |
| Revenue Growth % | 7.09% | 8.16% | -5.58% | -5.88% | 37.67% | 3.18% | -0.53% | -3.7% | 13.78% | 10.58% |
| Cost of Goods Sold | 4.04B | 4.57B | 3.78B | 3.33B | 5.87B | 5.47B | 4.11B | 4.34B | 6.83B | 4.43B |
| COGS % of Revenue | 50.26% | 52.6% | 46.09% | 43.19% | 55.27% | 49.85% | 37.65% | 41.29% | 57.14% | - |
| Gross Profit | 4B▲ 0% | 4.12B▲ 3.1% | 4.42B▲ 7.4% | 4.38B▼ 0.8% | 4.75B▲ 8.4% | 5.5B▲ 15.7% | 6.8B▲ 23.7% | 6.17B▼ 9.3% | 5.12B▼ 16.9% | 7.49B▲ 0% |
| Gross Margin % | 49.74% | 47.4% | 53.91% | 56.81% | 44.73% | 50.15% | 62.35% | 58.71% | 42.86% | 62.85% |
| Gross Profit Growth % | -0.4% | 3.05% | 7.38% | -0.81% | 8.39% | 15.7% | 23.68% | -9.34% | -16.93% | - |
| Operating Expenses | 3.07B | 3.35B | 2.5B | 2.18B | 2.12B | 2.48B | 2.49B | 2.83B | 721M | 2.87B |
| OpEx % of Revenue | 38.2% | 38.56% | 30.48% | 28.28% | 19.97% | 22.63% | 22.83% | 26.92% | 6.03% | - |
| Selling, General & Admin | 594M | 569M | 558M | 466M | 558M | 636M | 665M | 708M | 721M | 720M |
| SG&A % of Revenue | 7.4% | 6.55% | 6.8% | 6.04% | 5.25% | 5.8% | 6.1% | 6.74% | 6.03% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2.47B | 2.78B | 1.94B | 1.72B | 1.56B | 1.84B | 1.82B | 2.12B | 0 | 2M |
| Operating Income | 927M▲ 0% | 768M▼ 17.2% | 1.92B▲ 150.1% | 2.2B▲ 14.6% | 2.63B▲ 19.5% | 3.02B▲ 14.7% | 4.31B▲ 42.8% | 3.34B▼ 22.5% | 4.4B▲ 31.8% | 4.62B▲ 0% |
| Operating Margin % | 11.54% | 8.84% | 23.42% | 28.53% | 24.76% | 27.52% | 39.53% | 31.79% | 36.83% | 38.79% |
| Operating Income Growth % | 34.54% | -17.15% | 150.13% | 14.63% | 19.48% | 14.71% | 42.84% | -22.55% | 31.81% | - |
| EBITDA | 2.66B | 2.49B | 3.63B | 3.92B | 4.47B | 5.03B | 6.38B | 5.56B | 6.75B | 6.76B |
| EBITDA Margin % | 33.16% | 28.7% | 44.32% | 50.82% | 42.09% | 45.85% | 58.51% | 52.92% | 56.47% | 56.72% |
| EBITDA Growth % | 8.61% | -6.38% | 45.81% | 7.92% | 14.02% | 12.39% | 26.95% | -12.91% | 21.41% | 19.11% |
| D&A (Non-Cash Add-back) | 1.74B | 1.73B | 1.71B | 1.72B | 1.84B | 2.01B | 2.07B | 2.22B | 2.35B | 2.14B |
| EBIT | 1.62B | 1.44B | 2.25B | 1.45B | 3.25B | 3.69B | 5.64B | 4.35B | 5.07B | 4.95B |
| Net Interest Income | -1.08B | -1.11B | -1.19B | -1.17B | -1.17B | -1.13B | -1.16B | -1.3B | -1.4B | -1.45B |
| Interest Income | 0 | 0 | 0 | 0 | 7M | 15M | 79M | 67M | 42M | 15M |
| Interest Expense | 1.08B | 1.11B | 1.19B | 1.17B | 1.18B | 1.15B | 1.24B | 1.36B | 1.44B | 1.47B |
| Other Income/Expense | -392M | -437M | -857M | -1.93B | -558M | -476M | 94M | -353M | -776M | -765M |
| Pretax Income | 535M▲ 0% | 331M▼ 38.1% | 1.06B▲ 221.5% | 277M▼ 74.0% | 2.07B▲ 648.4% | 2.54B▲ 22.6% | 4.41B▲ 73.3% | 2.99B▼ 32.2% | 3.63B▲ 21.4% | 3.86B▲ 0% |
| Pretax Margin % | 6.66% | 3.81% | 12.97% | 3.59% | 19.51% | 23.18% | 40.39% | 28.43% | 30.33% | 32.37% |
| Income Tax | -1.97B | 138M | 335M | 79M | 511M | 425M | 1B | 640M | 857M | 908M |
| Effective Tax Rate % | -368.97% | 41.69% | 31.48% | 28.52% | 24.65% | 16.72% | 22.81% | 21.43% | 23.64% | 23.53% |
| Net Income | 2.17B▲ 0% | -155M▼ 107.1% | 850M▲ 648.4% | 211M▼ 75.2% | 1.52B▲ 619.0% | 2.05B▲ 35.1% | 3.18B▲ 55.1% | 2.23B▼ 30.0% | 2.62B▲ 17.7% | 2.84B▲ 0% |
| Net Margin % | 27.07% | -1.78% | 10.36% | 2.73% | 14.27% | 18.69% | 29.15% | 21.18% | 21.91% | 23.82% |
| Net Income Growth % | 612.74% | -107.13% | 648.39% | -75.18% | 618.96% | 35.07% | 55.15% | -30.01% | 17.66% | 24.3% |
| Net Income (Continuing) | 2.51B | 193M | 729M | 198M | 1.56B | 2.12B | 3.4B | 2.35B | 2.77B | 2.95B |
| Discontinued Operations | 0 | 0 | -15M | 0 | 0 | 0 | -97M | 0 | 0 | 0 |
| Minority Interest | 6.52B | 1.34B | 3B | 2.81B | 2.68B | 2.56B | 2.49B | 2.4B | 2.19B | 2.17B |
| EPS (Diluted) | 2.62▲ 0% | -0.16▼ 106.1% | 0.70▲ 537.5% | 0.17▼ 75.7% | 1.24▲ 629.4% | 1.67▲ 34.7% | 2.60▲ 55.7% | 1.82▼ 30.0% | 2.14▲ 17.6% | 2.32▲ 0% |
| EPS Growth % | 567.86% | -106.11% | 537.5% | -75.71% | 629.41% | 34.68% | 55.69% | -30% | 17.58% | 21.81% |
| EPS (Basic) | 2.63 | -0.16 | 0.70 | 0.17 | 1.25 | 1.68 | 2.61 | 1.82 | 2.14 | - |
| Diluted Shares Outstanding | 828.52M | 973.63M | 1.21B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
| Basic Shares Outstanding | 826M | 973.63M | 1.21B | 1.21B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
| Dividend Payout Ratio | 45.63% | - | 216.71% | 919.91% | 131.31% | 101.07% | 68.54% | 104.09% | 93.28% | - |
WMB Balance Sheet
The Williams Companies, Inc. (WMB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.18B | 1.46B | 1.58B | 1.43B | 4.55B | 3.8B | 4.51B | 2.66B | 3.24B | 3.32B |
| Cash & Short-Term Investments | 899M | 168M | 289M | 142M | 1.68B | 152M | 2.15B | 60M | 63M | 950M |
| Cash Only | 899M | 168M | 289M | 142M | 1.68B | 152M | 2.15B | 60M | 63M | 950M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 976M | 992M | 996M | 999M | 1.98B | 2.72B | 1.66B | 1.86B | 2.08B | 1.68B |
| Days Sales Outstanding | 44.36 | 41.69 | 44.33 | 47.24 | 67.94 | 90.64 | 55.38 | 64.74 | 63.65 | 52.07 |
| Inventory | 113M | 130M | 125M | 136M | 379M | 320M | 274M | 279M | 314M | 262M |
| Days Inventory Outstanding | 10.22 | 10.39 | 12.07 | 14.89 | 23.55 | 21.37 | 24.36 | 23.48 | 16.79 | 25.75 |
| Other Current Assets | 191M | 174M | 170M | 152M | 512M | 602M | 434M | 459M | 783M | 432M |
| Total Non-Current Assets | 44.17B | 43.84B | 44.46B | 42.74B | 43.06B | 44.64B | 48.11B | 51.87B | 55.33B | 56.25B |
| Property, Plant & Equipment | 28.21B | 27.5B | 29.2B | 28.93B | 29.26B | 30.89B | 34.31B | 38.69B | 42B | 43.13B |
| Fixed Asset Turnover | 0.28x | 0.32x | 0.28x | 0.27x | 0.36x | 0.35x | 0.32x | 0.27x | 0.28x | 0.26x |
| Goodwill | 47M | 0 | 188M | 0 | 0 | 0 | 463M | 466M | 0 | 0 |
| Intangible Assets | 8.74B | 7.77B | 7.77B | 7.44B | 7.4B | 7.36B | 7.13B | 6.74B | 6.76B | 6.67B |
| Long-Term Investments | 6.55B | 7.82B | 6.24B | 5.16B | 5.13B | 5.07B | 4.64B | 4.14B | 4.56B | 17.48B |
| Other Non-Current Assets | 619M | 746M | 1.07B | 1.2B | 1.28B | 1.32B | 1.57B | 1.83B | 2.01B | -12.26B |
| Total Assets | 46.35B▲ 0% | 45.3B▼ 2.3% | 46.04B▲ 1.6% | 44.16B▼ 4.1% | 47.61B▲ 7.8% | 48.43B▲ 1.7% | 52.63B▲ 8.7% | 54.53B▲ 3.6% | 58.57B▲ 7.4% | 59.57B▲ 0% |
| Asset Turnover | 0.17x | 0.19x | 0.18x | 0.17x | 0.22x | 0.23x | 0.21x | 0.19x | 0.20x | 0.21x |
| Asset Growth % | -1.03% | -2.27% | 1.63% | -4.07% | 7.8% | 1.72% | 8.66% | 3.62% | 7.41% | 26.52% |
| Total Current Liabilities | 2.65B | 1.81B | 3.97B | 2.32B | 4.97B | 4.89B | 5.83B | 5.31B | 6.11B | 4.01B |
| Accounts Payable | 978M | 662M | 552M | 482M | 1.75B | 2.33B | 1.38B | 1.61B | 2.22B | 2.27B |
| Days Payables Outstanding | 88.45 | 52.88 | 53.3 | 52.77 | 108.49 | 155.39 | 122.59 | 135.75 | 118.89 | 150.71 |
| Short-Term Debt | 501M | 47M | 2.14B | 893M | 2.02B | 977M | 3.06B | 2.17B | 2.04B | 248M |
| Deferred Revenue (Current) | 361M | 244M | 158M | 129M | 134M | 141M | 159M | 170M | 0 | 10.07B |
| Other Current Liabilities | 337M | 371M | 394M | 367M | 553M | 907M | 884M | 978M | 1.84B | 1.49B |
| Current Ratio | 0.82x | 0.81x | 0.40x | 0.62x | 0.91x | 0.78x | 0.77x | 0.50x | 0.53x | 0.53x |
| Quick Ratio | 0.78x | 0.74x | 0.37x | 0.56x | 0.84x | 0.71x | 0.73x | 0.45x | 0.48x | 0.48x |
| Cash Conversion Cycle | -33.87 | -0.81 | 3.1 | 9.36 | -17.01 | -43.38 | -42.84 | -47.53 | -38.45 | -72.88 |
| Total Non-Current Liabilities | 27.53B | 27.49B | 25.71B | 27.26B | 28.54B | 29.5B | 31.91B | 34.38B | 37.47B | 40.4B |
| Long-Term Debt | 20.43B | 22.37B | 20.15B | 21.45B | 21.65B | 21.93B | 23.38B | 24.74B | 27.32B | 30.05B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142M | 0 | 0 |
| Deferred Tax Liabilities | 3.15B | 1.52B | 1.78B | 1.92B | 2.45B | 2.89B | 3.85B | 4.38B | 5.17B | 19.96B |
| Other Non-Current Liabilities | 3.95B | 3.6B | 3.78B | 3.89B | 4.44B | 4.68B | 4.68B | 5.13B | 4.99B | 20.17B |
| Total Liabilities | 30.18B | 29.3B | 29.68B | 29.58B | 33.51B | 34.39B | 37.74B | 39.69B | 43.58B | 44.41B |
| Total Debt | 20.93B | 22.41B | 22.29B | 22.34B | 23.68B | 22.9B | 26.46B | 27.08B | 29.36B | 30.3B |
| Net Debt | 20.04B | 22.25B | 22B | 22.2B | 22B | 22.75B | 24.31B | 27.02B | 29.3B | 29.35B |
| Debt / Equity | 1.29x | 1.40x | 1.36x | 1.53x | 1.68x | 1.63x | 1.78x | 1.82x | 1.96x | 1.96x |
| Debt / EBITDA | 7.86x | 8.99x | 6.13x | 5.70x | 5.29x | 4.56x | 4.15x | 4.87x | 4.35x | 4.48x |
| Net Debt / EBITDA | 7.52x | 8.92x | 6.05x | 5.66x | 4.92x | 4.53x | 3.81x | 4.86x | 4.34x | 4.34x |
| Interest Coverage | 1.49x | 1.30x | 1.90x | 1.24x | 2.76x | 3.22x | 4.56x | 3.19x | 3.51x | 3.37x |
| Total Equity | 16.18B▲ 0% | 16B▼ 1.1% | 16.36B▲ 2.3% | 14.58B▼ 10.9% | 14.1B▼ 3.3% | 14.04B▼ 0.4% | 14.89B▲ 6.0% | 14.84B▼ 0.3% | 14.99B▲ 1.0% | 15.16B▲ 0% |
| Equity Growth % | 15.16% | -1.1% | 2.29% | -10.88% | -3.31% | -0.4% | 6.02% | -0.34% | 1.04% | 3.41% |
| Book Value per Share | 19.52 | 16.43 | 13.48 | 12.00 | 11.58 | 11.49 | 12.18 | 12.13 | 12.28 | 12.40 |
| Total Shareholders' Equity | 9.66B | 14.66B | 13.36B | 11.77B | 11.42B | 11.48B | 12.4B | 12.44B | 12.81B | 12.99B |
| Common Stock | 861M | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.26B | 1.26B | 1.26B | 1.26B |
| Retained Earnings | -8.43B | -10B | -11B | -12.75B | -13.24B | -13.27B | -12.29B | -12.4B | -12.24B | -12.02B |
| Treasury Stock | -1.04B | -1.04B | -1.04B | -1.04B | -1.04B | -1.05B | -1.18B | -1.18B | -1.18B | -1.18B |
| Accumulated OCI | -238M | -270M | -199M | -96M | -33M | -24M | 0 | 76M | 127M | 125M |
| Minority Interest | 6.52B | 1.34B | 3B | 2.81B | 2.68B | 2.56B | 2.49B | 2.4B | 2.19B | 2.17B |
WMB Cash Flow Statement
The Williams Companies, Inc. (WMB) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.56B | 3.29B | 3.69B | 3.5B | 3.94B | 4.89B | 5.94B | 4.97B | 5.9B | 5.9B |
| Operating CF Margin % | 31.83% | 37.91% | 45.03% | 45.29% | 37.12% | 44.59% | 54.44% | 47.36% | 49.36% | - |
| Operating CF Growth % | -30.24% | 28.83% | 12.15% | -5.33% | 12.84% | 23.93% | 21.46% | -16.23% | 18.58% | 70.39% |
| Net Income | 2.51B | -155M | 714M | 198M | 1.56B | 2.12B | 3.28B | 2.35B | 2.62B | 2.84B |
| Depreciation & Amortization | 1.74B | 1.76B | 1.71B | 1.72B | 1.84B | 2.01B | 2.07B | 2.22B | 2.35B | 2.27B |
| Stock-Based Compensation | 78M | 55M | 57M | 52M | 81M | 73M | 77M | 99M | 0 | -8M |
| Deferred Taxes | -2.01B | 220M | 376M | 108M | 509M | 431M | 951M | 506M | 744M | 872M |
| Other Non-Cash Items | 661M | 1.65B | 841M | 1.74B | 260M | 638M | -525M | 330M | 353M | 235M |
| Working Capital Changes | -416M | -234M | -9M | -323M | -309M | -379M | 88M | -526M | -164M | -218M |
| Change in Receivables | -201M | -36M | 208M | -2M | -545M | -733M | 1.09B | -169M | -219M | 124M |
| Change in Inventory | 8M | -16M | 5M | -11M | -124M | -110M | 13M | -9M | -45M | 48M |
| Change in Payables | 118M | -93M | -46M | -7M | 643M | 410M | -1.01B | 139M | 115M | -50M |
| Cash from Investing | 633M | -2.71B | -2.83B | -1.56B | -1.47B | -3.38B | -3.89B | -4.86B | -5.45B | -5.19B |
| Capital Expenditures | -2.44B | -3.26B | -2.15B | -1.27B | -1.25B | -2.28B | -2.57B | -2.68B | -5B | -5.35B |
| CapEx % of Revenue | 30.38% | 37.57% | 26.2% | 16.52% | 11.73% | 20.82% | 23.54% | 25.5% | 41.83% | - |
| Acquisitions | 2.13B | 1.31B | -698M | -325M | -265M | -1.1B | -1.36B | -2.2B | 35M | 258M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 870M | 374M | -12M | 42M | 161M | 173M | 39M | 12M | 22M | 391M |
| Cash from Financing | -2.46B | -1.31B | -745M | -2.08B | -942M | -3.04B | -49M | -2.2B | -442M | -29M |
| Debt Issued (Net) | -2.69B | 722M | -142M | 58M | 1.26B | -776M | 2.49B | 379M | 2.31B | 2.03B |
| Equity Issued (Net) | 2.13B | 15M | 10M | 9M | 9M | 45M | -124M | 10M | 9M | 12M |
| Dividends Paid | -992M | -1.39B | -1.84B | -1.94B | -1.99B | -2.07B | -2.18B | -2.32B | -2.44B | -2.47B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -9M | -130M | 0 | 0 | 0 |
| Other Financing | -914M | -650M | 1.23B | -211M | -220M | -240M | -239M | -274M | -322M | 406M |
| Net Change in Cash | 729M▲ 0% | -731M▼ 200.3% | 121M▲ 116.6% | -147M▼ 221.5% | 1.54B▲ 1146.3% | -1.53B▼ 199.3% | 2B▲ 230.8% | -2.09B▼ 204.6% | 3M▲ 100.1% | 850M▲ 0% |
| Free Cash Flow | 116M▲ 0% | 30M▼ 74.1% | 1.54B▲ 5046.7% | 2.22B▲ 43.8% | 2.7B▲ 21.5% | 2.61B▼ 3.4% | 3.37B▲ 29.4% | 2.4B▼ 28.8% | 1B▼ 58.1% | 722M▲ 0% |
| FCF Margin % | 1.44% | 0.35% | 18.83% | 28.77% | 25.39% | 23.77% | 30.91% | 22.86% | 8.41% | 6.06% |
| FCF Growth % | -92.81% | -74.14% | 5046.67% | 43.85% | 21.48% | -3.41% | 29.36% | -28.77% | -58.14% | -65.62% |
| FCF per Share | 0.14 | 0.03 | 1.27 | 1.83 | 2.21 | 2.13 | 2.76 | 1.96 | 0.82 | 0.82 |
| FCF Conversion (FCF/Net Income) | 1.18x | -21.25x | 4.34x | 16.57x | 2.60x | 2.39x | 1.87x | 2.24x | 2.25x | 0.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WMB Key Ratios
The Williams Companies, Inc. (WMB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 14.39% | -0.96% | 5.25% | 1.36% | 10.58% | 14.56% | 21.97% | 14.97% | 17.55% | 18.98% |
| Return on Invested Capital (ROIC) | 1.89% | 1.55% | 3.76% | 4.4% | 5.42% | 6.21% | 8.51% | 6.18% | 7.66% | 7.66% |
| Gross Margin | 49.74% | 47.4% | 53.91% | 56.81% | 44.73% | 50.15% | 62.35% | 58.71% | 42.86% | 62.85% |
| Net Margin | 27.07% | -1.78% | 10.36% | 2.73% | 14.27% | 18.69% | 29.15% | 21.18% | 21.91% | 23.82% |
| Debt / Equity | 1.29x | 1.40x | 1.36x | 1.53x | 1.68x | 1.63x | 1.78x | 1.82x | 1.96x | 1.96x |
| Interest Coverage | 1.49x | 1.30x | 1.90x | 1.24x | 2.76x | 3.22x | 4.56x | 3.19x | 3.51x | 3.37x |
| FCF Conversion | 1.18x | -21.25x | 4.34x | 16.57x | 2.60x | 2.39x | 1.87x | 2.24x | 2.25x | 0.25x |
| Revenue Growth | 7.09% | 8.16% | -5.58% | -5.88% | 37.67% | 3.18% | -0.53% | -3.7% | 13.78% | 10.58% |
WMB SEC Filings & Documents
The Williams Companies, Inc. (WMB) SEC filings — annual & quarterly reports (10-K, 10-Q)
WMB Frequently Asked Questions
The Williams Companies, Inc. (WMB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
The Williams Companies, Inc. (WMB) reported $11.92B in revenue for fiscal year 2025. This represents a 74% increase from $6.85B in 1996.
The Williams Companies, Inc. (WMB) grew revenue by 13.8% over the past year. This is steady growth.
Yes, The Williams Companies, Inc. (WMB) is profitable, generating $2.84B in net income for fiscal year 2025 (21.9% net margin).
Dividend & Returns
Yes, The Williams Companies, Inc. (WMB) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.
The Williams Companies, Inc. (WMB) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.
The Williams Companies, Inc. (WMB) generated $722.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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