WMB · Williams Companies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.72B | - | $3.49B | $3.38B | $4.19B | - | $3.04B | $2.85B | $3.34B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $194.00M | - | $168.00M | $168.00M | $194.00M | - | $170.00M | $164.00M | $186.00M | - |
| Total Operating Expenses | $1.71B | - | $1.81B | $1.84B | $1.95B | - | $1.81B | $1.64B | $1.76B | - |
| D&A | $584.00M | - | $564.00M | $605.00M | $585.00M | - | $566.00M | $540.00M | $548.00M | - |
| Operating Income | $1.32B | - | $1.11B | $945.00M | $1.09B | - | $838.00M | $696.00M | $1.01B | - |
| Interest Expense | $376.00M | - | $372.00M | $339.00M | $349.00M | - | $338.00M | $339.00M | $349.00M | - |
| Income Tax | $244.00M | - | $246.00M | $174.00M | $193.00M | - | $227.00M | $129.00M | $193.00M | - |
| Net Income | $865.00M | - | $647.00M | $546.00M | $691.00M | - | $706.00M | $401.00M | $632.00M | - |
| EPS - Basic | $0.71 | - | $0.53 | $0.45 | $0.57 | - | $0.58 | $0.33 | $0.52 | - |
| EPS - Diluted | $0.70 | - | $0.53 | $0.45 | $0.56 | - | $0.58 | $0.33 | $0.52 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $950.00M | $63.00M | $70.00M | $903.00M | $100.00M | $60.00M | $762.00M | $55.00M | $667.00M | $2.15B |
| Accounts Receivable | $1.68B | $2.08B | $1.48B | $1.56B | $1.78B | $1.86B | $1.31B | $1.40B | $1.35B | $1.66B |
| Inventory | $262.00M | $314.00M | $339.00M | $335.00M | $249.00M | $279.00M | $275.00M | $274.00M | $239.00M | $274.00M |
| Accounts Payable | $2.27B | $2.22B | $1.41B | $1.41B | $1.55B | $1.61B | $1.14B | $1.19B | $1.04B | $1.38B |
| Current Assets | $3.32B | $3.24B | $2.27B | $3.22B | $2.54B | $2.66B | $2.70B | $2.12B | $2.61B | $4.51B |
| Total Assets | $59.57B | $58.57B | $55.74B | $56.14B | $54.92B | $54.53B | $53.84B | $52.41B | $52.75B | $52.63B |
| Current Liabilities | $4.01B | $6.11B | $5.38B | $6.01B | $6.27B | $5.31B | $4.72B | $4.70B | $4.98B | $5.83B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $12.99B | $12.81B | $12.52B | $12.44B | $12.49B | $12.44B | $12.43B | $12.30B | $12.45B | $12.40B |
| Retained Earnings | ($12.02B) | ($12.24B) | ($12.35B) | ($12.39B) | ($12.32B) | ($12.40B) | ($12.30B) | ($12.42B) | ($12.24B) | ($12.29B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.60B | - | - | - | $1.43B | - | - | - | $1.23B | - |
| Investing Cash Flow | ($884.00M) | - | - | - | ($1.17B) | - | - | - | ($2.44B) | - |
| Financing Cash Flow | $168.00M | - | - | - | ($223.00M) | - | - | - | ($281.00M) | - |
| CapEx | $1.36B | - | - | - | $1.01B | - | - | - | $544.00M | - |
| Free Cash Flow | $244.00M | - | - | - | $421.00M | - | - | - | $690.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 28.0% | - | 31.8% | 28.0% | 26.1% | - | 27.6% | 24.4% | 30.3% | - |
| EBITDA margin | 40.4% | - | 47.9% | 45.9% | 40.1% | - | 46.3% | 43.4% | 46.7% | - |
| Net margin | 18.3% | - | 18.5% | 16.2% | 16.5% | - | 23.3% | 14.1% | 18.9% | - |
| Free cash flow margin | 5.2% | - | - | - | 10.1% | - | - | - | 20.7% | - |
| FCF / Net income | 0.28 | - | - | - | 0.61 | - | - | - | 1.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.1% | - | 4.8% | 5.0% | 4.6% | - | 5.6% | 5.8% | 5.6% | - |
| Effective tax rate | 22.0% | - | 27.5% | 24.2% | 21.8% | - | 24.3% | 24.3% | 23.4% | - |
| Return on assets | 1.5% | - | 1.2% | 1.0% | 1.3% | - | 1.3% | 0.8% | 1.2% | - |
| Return on equity | 6.7% | - | 5.2% | 4.4% | 5.5% | - | 5.7% | 3.3% | 5.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.83 | 0.53 | 0.42 | 0.54 | 0.40 | 0.50 | 0.57 | 0.45 | 0.52 | 0.77 |
| Quick ratio | 0.76 | 0.48 | 0.36 | 0.48 | 0.36 | 0.45 | 0.51 | 0.39 | 0.48 | 0.73 |
| Cash ratio | 0.24 | 0.01 | 0.01 | 0.15 | 0.02 | 0.01 | 0.16 | 0.01 | 0.13 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.5x | - | 3.0x | 2.8x | 3.1x | - | 2.5x | 2.1x | 2.9x | - |
| Equity multiplier | 4.59 | 4.57 | 4.45 | 4.51 | 4.40 | 4.39 | 4.33 | 4.26 | 4.24 | 4.24 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.06 | 0.06 | 0.08 | - | 0.06 | 0.05 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 130d | - | 155d | 169d | 155d | - | 158d | 179d | 148d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 104.0x | - | 119.5x | 139.6x | 106.7x | - | 78.7x | 128.8x | 74.9x | - |
| P / B | 6.9x | - | 6.2x | 6.2x | 5.9x | - | 4.5x | 4.2x | 3.8x | - |
| P / S | 18.9x | - | 22.2x | 22.8x | 17.5x | - | 18.4x | 18.2x | 14.3x | - |
| EV / EBITDA | 46.3x | - | 46.3x | 49.0x | 43.5x | - | 39.2x | 42.0x | 30.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.7% | - | 15.0% | 18.7% | 25.4% | - | -0.8% | 1.9% | 7.1% | - |
| Revenue CAGR (3y) | 14.8% | - | -11.1% | -9.6% | 0.7% | - | -6.8% | 7.6% | 8.3% | - |
| Revenue CAGR (5y) | 12.4% | - | 12.5% | 13.7% | 17.0% | - | 8.7% | 6.9% | 10.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 20.7% | - | 32.3% | 35.8% | 8.1% | - | -15.7% | -20.0% | -25.6% | - |
| Net income growth (YoY) | 25.2% | - | -8.4% | 36.2% | 9.3% | - | 8.0% | -12.8% | -31.8% | - |
| EPS growth (YoY) | 25.0% | - | -8.6% | 36.4% | 7.7% | - | 7.4% | -13.2% | -31.6% | - |
| EPS CAGR (3y) | -2.7% | - | 2.7% | 10.9% | 21.8% | - | 64.6% | 9.7% | 14.1% | - |
| EPS CAGR (5y) | 14.9% | - | 16.2% | 12.5% | - | - | 26.4% | 4.9% | 26.6% | - |
| FCF growth (YoY) | -42.0% | - | - | - | -39.0% | - | - | - | -28.8% | - |
| FCF CAGR (5y) | -17.9% | - | - | - | -2.6% | - | - | - | 14.3% | - |
| Book value growth (YoY) | 4.0% | 3.0% | 0.7% | 1.2% | 0.3% | 0.3% | 4.9% | 5.3% | 5.6% | 8.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$25.91B totalReportable Segment Aggregation Before Other Operating Segment$12.63B · 48.8%
Transmission Power Gulf$5.44B · 21.0%
West$2.85B · 11.0%
Gas NGLMarketing Services$2.17B · 8.4%
Northeast GP$2.17B · 8.4%
All Other Segments$642.00M · 2.5%
Product / service
$20.63B totalService$8.35B · 40.5%
Regulated Service$3.80B · 18.4%
Product$3.29B · 15.9%
Natural Gas Us Regulated$2.87B · 13.9%
Non Regulated Service Monetary Consideration$933.00M · 4.5%
Other$632.00M · 3.1%
Natural Gas Storage$228.00M · 1.1%
Non Regulated Service Commodity Consideration$192.00M · 0.9%
Natural Gas Gathering Transportation Marketing And Processing$126.00M · 0.6%
Energy Commodities And Service$120.00M · 0.6%
Other Service$51.00M · 0.2%
Product And Service Other$35.00M · 0.2%
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing WILLIAMS COMPANIES against the 5 most active filers in the same SIC group.
Dividends
$2.02/share trailing 12 months · +5.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.5250 |
| Dec 12, 2025 | $0.5000 |
| Sep 12, 2025 | $0.5000 |
| Jun 13, 2025 | $0.5000 |
| Mar 14, 2025 | $0.5000 |
| Dec 13, 2024 | $0.4750 |
| Sep 13, 2024 | $0.4750 |
| Jun 7, 2024 | $0.4750 |
| Mar 7, 2024 | $0.4750 |
| Dec 7, 2023 | $0.4480 |
| Sep 8, 2023 | $0.4480 |
| Jun 9, 2023 | $0.4480 |
| Mar 10, 2023 | $0.4480 |
| Dec 8, 2022 | $0.4250 |
| Sep 8, 2022 | $0.4250 |
| Jun 9, 2022 | $0.4250 |
| Mar 10, 2022 | $0.4250 |
| Dec 9, 2021 | $0.4100 |
| Sep 9, 2021 | $0.4100 |
| Jun 10, 2021 | $0.4100 |
| Mar 11, 2021 | $0.4100 |
| Dec 10, 2020 | $0.4000 |
| Sep 10, 2020 | $0.4000 |
| Jun 11, 2020 | $0.4000 |