What is Williams Companies Inc.'s earnings per share (EPS)?

Williams Companies Inc. (WMB) reported diluted earnings per share of $2.14 for fiscal year 2025. This represents a 17.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Williams Companies Inc. (WMB) Financials

WMB

Trailing 12 months to June 30, 2026

Revenue $12.8B +3.1% YoY

Net Income $3.1B +26.5% YoY

EPS (Diluted) $2.51 +26.1% YoY

Free Cash Flow -$108.0M -105.7% YoY

Market Cap $88.9B as of Oct 10, 2026

Price / Sales 7.0x on $12.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 28.9x on $3.1B net income, trailing 12 months to June 30, 2026

Price / Book 6.7x on $13.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WMB SEC filings page.

Williams Companies Inc. (WMB) reported $12.8B in revenue over the twelve months to Jun 30, 2026, up 3.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WMB FY2025 2026-10-03

Williams generates improving operating profits, but heavy reinvestment and rising leverage leave less cash flexibility than earnings suggest.

FY2025 operating cash flow was $5.9B, yet free cash flow was only $1.0B because capital spending consumed most operating inflow. Meanwhile, operating margin expanded from 31.8% in FY2024 to 35.1% in FY2025, so stronger operating economics coincided with—not translated into—more cash after reinvestment.

The balance sheet is financing-heavy: FY2025 liabilities were $45.8B versus $12.8B of equity. Debt-to-equity reached 2.1x while the current ratio was 0.5x, showing long-term and near-term obligations both constrain flexibility relative to reported profit.

FY2025 revenue reached $12.0B, while net margin was 21.9%; the rebound therefore came with modest profitability expansion rather than a wholesale change in earnings economics. Dividends of $2.4B exceeded $1.0B of free cash flow, so shareholder distributions were not fully matched by that year's post-capital-spending cash generation.

Financial Health Signals

Financial Health Score 52/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Williams Companies Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Williams Companies Inc. has an operating margin of 35.1%, meaning the company retains $35 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from 31.8% the prior year.

Growth

Williams Companies Inc.'s revenue grew 13.8% year-over-year to $11.9B, a solid pace of expansion. This earns a growth score of 58/100.

Leverage

Williams Companies Inc. has elevated debt relative to equity (D/E of 2.13), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.

Liquidity

Williams Companies Inc.'s current ratio of 0.53 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Williams Companies Inc. converts 8.4% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 82/100.

Returns

Williams Companies Inc. earns a strong 20.4% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 17.9% the prior year.

Altman Z-Score Distress

1.25

Williams Companies Inc. scores 1.25, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($88.9B) relative to total liabilities ($45.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Williams Companies Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.25x

For every $1 of reported earnings, Williams Companies Inc. generates $2.25 in operating cash flow ($5.9B OCF vs $2.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.91x

Williams Companies Inc. earns $2.91 in operating income for every $1 of interest expense ($4.2B vs $1.4B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$3.1B

YoY+9.8%

QoQ-35.3%

5Y CAGR+6.0%

10Y CAGR+5.8%

Williams Companies Inc. generated $3.1B in revenue in Q2 2026. This represents an increase of 9.8% from the same quarter a year earlier. Against the prior quarter it is down 35.3%.

EBITDA

$1.8B

YoY+14.5%

QoQ-6.9%

5Y CAGR+10.8%

Williams Companies Inc.'s EBITDA was $1.8B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.5% from the same quarter a year earlier. Against the prior quarter it is down 6.9%.

Net Income

$827.0M

YoY+51.5%

QoQ-4.4%

5Y CAGR+22.2%

Williams Companies Inc. reported $827.0M in net income in Q2 2026. This represents an increase of 51.5% from the same quarter a year earlier. Against the prior quarter it is down 4.4%.

EPS (Diluted)

$0.68

YoY+51.1%

QoQ-2.9%

5Y CAGR+22.2%

Williams Companies Inc. earned $0.68 per diluted share (EPS) in Q2 2026. This represents an increase of 51.1% from the same quarter a year earlier. Against the prior quarter it is down 2.9%.

Cash & Balance Sheet

Free Cash Flow

-$458.0M

YoY-195.8%

QoQ-287.7%

Williams Companies Inc. recorded an outflow of $458.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 195.8% from the same quarter a year earlier. Against the prior quarter it is down 287.7%.

Cash & Debt

$203.0M

YoY-77.5%

QoQ-78.6%

5Y CAGR-29.9%

10Y CAGR+4.2%

Williams Companies Inc. held $203.0M in cash against $28.1B in long-term debt as of Q2 2026.

Dividends Per Share

$0.53

YoY+5.0%

QoQ0.0%

5Y CAGR+5.1%

10Y CAGR-2.0%

Williams Companies Inc. paid $0.53 per share in dividends in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

1.22B

YoY+0.2%

QoQ0.0%

5Y CAGR+0.1%

10Y CAGR+5.0%

Williams Companies Inc. had 1.22B shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Operating Margin

38.7%

YoY+4.7pp

QoQ+10.7pp

5Y change+12.4pp

10Y change+66.8pp

Williams Companies Inc.'s operating margin was 38.7% in Q2 2026, reflecting core business profitability. This is up 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.7 percentage points.

Net Margin

27.1%

YoY+7.5pp

QoQ+8.8pp

5Y change+13.8pp

10Y change+50.4pp

Williams Companies Inc.'s net profit margin was 27.1% in Q2 2026, showing the share of revenue converted to profit. This is up 7.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.8 percentage points.

Return on Equity

6.3%

YoY+1.9pp

QoQ-0.4pp

5Y change+3.6pp

10Y change+14.7pp

Williams Companies Inc.'s ROE was 6.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$1.8B

YoY+88.7%

QoQ+35.0%

5Y CAGR+34.0%

10Y CAGR+12.7%

Williams Companies Inc. invested $1.8B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 88.7% from the same quarter a year earlier. Against the prior quarter it is up 35.0%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

WMB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WMB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$12.8B	$11.9B+13.8%	$10.5B-3.7%	$10.9B-38.6%	$17.8B+67.2%	$10.6B+37.7%	$7.7B-5.9%	$8.2B-5.6%	$8.7B+8.2%	$8.0B+7.1%	$7.5B+1.9%	$7.4B-3.6%	$7.6B+11.3%	$6.9B-8.4%	$7.5B-5.6%	$7.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.5B-11.1%	$3.9B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.0B-0.2%	$4.0B
SG&A Expenses	$732.0M	$721.0M+1.8%	$708.0M+6.5%	$665.0M+4.6%	$636.0M+14.0%	$558.0M+19.7%	$466.0M-16.5%	$558.0M-1.9%	$569.0M-4.2%	$594.0M-17.7%	$722.0M-1.9%	$736.0M+11.3%	$661.0M+29.1%	$512.0M-10.3%	$571.0M+19.7%	$477.0M
Operating Income	$4.7B	$4.2B+25.7%	$3.3B-22.5%	$4.3B+42.8%	$3.0B+14.7%	$2.6B+19.5%	$2.2B+14.6%	$1.9B+150.1%	$768.0M-17.2%	$927.0M+34.5%	$689.0M+203.5%	$227.0M-85.5%	$1.6B+14.1%	$1.4B-14.7%	$1.6B-13.7%	$1.9B
EBITDA	N/A	$6.5B+17.7%	$5.6B-12.9%	$6.4B+27.0%	$5.0B+12.4%	$4.5B+14.0%	$3.9B+7.9%	$3.6B+45.8%	$2.5B-6.4%	$2.7B+8.6%	$2.5B+24.8%	$2.0B-28.4%	$2.7B+25.3%	$2.2B-7.5%	$2.4B-6.3%	$2.5B
Interest Expense	$1.5B	$1.4B+5.7%	$1.4B+10.4%	$1.2B+7.8%	$1.1B-2.7%	$1.2B+0.6%	$1.2B-1.2%	$1.2B+6.7%	$1.1B+2.7%	$1.1B-8.1%	$1.2B+12.9%	$1.0B+39.8%	$747.0M+46.5%	$510.0M	N/A	$599.0M
Income Tax	$994.0M	$857.0M+33.9%	$640.0M-36.3%	$1.0B+136.5%	$425.0M-16.8%	$511.0M+546.8%	$79.0M-76.4%	$335.0M+142.8%	$138.0M+107.0%	-$2.0B-7796.0%	-$25.0M+93.7%	-$399.0M-131.9%	$1.2B+211.5%	$401.0M+11.4%	$360.0M+190.3%	$124.0M
Net Income	$3.1B	$2.6B+17.7%	$2.2B-30.0%	$3.2B+55.1%	$2.0B+35.1%	$1.5B+619.0%	$211.0M-75.2%	$850.0M+648.4%	-$155.0M-107.1%	$2.2B+612.7%	-$424.0M+25.7%	-$571.0M-127.0%	$2.1B+391.6%	$430.0M-49.9%	$859.0M+128.5%	$376.0M
EPS (Basic)	N/A	$2.14+17.6%	$1.82-30.3%	$2.61+55.4%	$1.68+34.4%	$1.25+635.3%	$0.17-75.7%	$0.70+537.5%	-$0.16-106.1%	$2.63+561.4%	-$0.57+25.0%	-$0.76-125.9%	$2.94+366.7%	$0.63-54.7%	$1.39+117.2%	$0.64
EPS (Diluted)	$2.51	$2.14+17.6%	$1.82-30.0%	$2.60+55.7%	$1.67+34.7%	$1.24+629.4%	$0.17-75.7%	$0.70+537.5%	-$0.16-106.1%	$2.62+559.6%	-$0.57+25.0%	-$0.76-126.0%	$2.92+371.0%	$0.62-54.7%	$1.37+117.5%	$0.63
Diluted Shares (Avg)	N/A	1.23B+0.2%	1.22B0.0%	1.22B0.0%	1.22B+0.4%	1.22B+0.3%	1.22B+0.1%	1.21B+24.7%	974M+17.5%	829M+10.4%	751M+0.2%	749M+3.5%	724M+5.3%	687M+9.9%	625M+4.6%	598M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$3.1B+9.8%	$4.7B+12.7%	$2.1B-24.9%	$2.9B+10.2%	$2.8B+19.0%	$4.2B+51.1%	$2.7B-1.5%	$2.7B+3.7%
SG&A Expenses	$180.0M+7.1%	$193.0M-0.5%	$191.0M+1.6%	$168.0M-1.2%	$168.0M+2.4%	$194.0M+4.3%	$188.0M+3.3%	$170.0M+16.4%
Operating Income	$1.2B+25.1%	$1.3B+20.7%	$1.0B+32.2%	$1.1B+32.3%	$945.0M+35.8%	$1.1B+8.1%	$793.0M-27.0%	$838.0M-15.7%
EBITDA	$1.8B+14.5%	$1.9B+13.5%	$1.6B+20.8%	$1.7B+19.2%	$1.6B+25.4%	$1.7B+7.6%	$1.4B-16.0%	$1.4B-7.3%
Interest Expense	$371.0M+6.0%	$376.0M+7.7%	$371.0M+9.8%	$372.0M+10.1%	$350.0M+3.2%	$349.0M0.0%	$338.0M+5.0%	$338.0M+7.6%
Income Tax	$260.0M+49.4%	$244.0M+26.4%	$244.0M+168.1%	$246.0M+8.4%	$174.0M+34.9%	$193.0M0.0%	$91.0M-75.4%	$227.0M+29.0%
Net Income	$827.0M+51.5%	$865.0M+25.2%	$734.0M+51.0%	$647.0M-8.4%	$546.0M+36.2%	$691.0M+9.3%	$486.0M-57.3%	$706.0M+8.0%
EPS (Basic)	$0.68+51.1%	$0.71+24.6%	$0.60+53.8%	$0.53-8.6%	$0.45+36.4%	$0.57+9.6%	$0.39-58.5%	$0.58+7.4%
EPS (Diluted)	$0.68+51.1%	$0.70+25.0%	$0.60+50.0%	$0.53-8.6%	$0.45+36.4%	$0.56+7.7%	$0.40-57.0%	$0.58+7.4%
Diluted Shares (Avg)	1.23B+0.1%	1.23B+0.1%	N/A	1.23B+0.2%	1.22B+0.1%	1.23B+0.2%	N/A	1.22B+0.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

WMB Balance Sheet

WMB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$58.6B+7.4%	$54.5B+3.6%	$52.6B+8.7%	$48.4B+1.7%	$47.6B+7.8%	$44.2B-4.1%	$46.0B+1.6%	$45.3B-2.3%	$46.4B-1.0%	$46.8B-4.5%	$49.0B-2.8%	$50.5B+85.9%	$27.1B+11.6%	$24.3B+47.4%	$16.5B
Current Assets	$3.2B+21.9%	$2.7B-41.0%	$4.5B+18.9%	$3.8B-16.5%	$4.5B+218.3%	$1.4B-9.6%	$1.6B+7.9%	$1.5B-32.8%	$2.2B+49.0%	$1.5B-4.3%	$1.5B-19.2%	$1.9B+12.3%	$1.7B-12.5%	$1.9B+1.6%	$1.9B
Cash & Equivalents	$63.0M+5.0%	$60.0M-97.2%	$2.1B+1314.5%	$152.0M-91.0%	$1.7B+1083.1%	$142.0M-50.9%	$289.0M+72.0%	$168.0M-81.3%	$899.0M+428.8%	$170.0M+70.0%	$100.0M-58.3%	$240.0M-64.8%	$681.0M-18.8%	$839.0M-5.6%	$889.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$314.0M+12.5%	$279.0M+1.8%	$274.0M-14.4%	$320.0M-15.6%	$379.0M+178.7%	$136.0M+8.8%	$125.0M-3.8%	$130.0M+15.0%	$113.0M-18.1%	$138.0M+8.7%	$127.0M-45.0%	$231.0M+19.1%	$194.0M+10.9%	$175.0M+3.6%	$169.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$4.0B+186.6%	$1.4B
Goodwill	$466.0M0.0%	$466.0M+0.6%	$463.0M	$0	$0	N/A	$188.0M	$0-100.0%	$47.0M	N/A	$47.0M-95.8%	$1.1B+73.4%	$646.0M-0.5%	$649.0M	$0
Total Liabilities	$45.8B+8.7%	$42.1B+4.7%	$40.2B+8.9%	$36.9B+2.1%	$36.2B+11.7%	$32.4B-0.9%	$32.7B+6.6%	$30.6B-16.5%	$36.7B-13.0%	$42.2B-1.6%	$42.9B+2.9%	$41.7B+87.1%	$22.3B+13.8%	$19.6B+28.7%	$15.2B
Current Liabilities	$6.1B+14.9%	$5.3B-8.9%	$5.8B+19.2%	$4.9B-1.6%	$5.0B+114.4%	$2.3B-41.6%	$4.0B+119.1%	$1.8B-31.6%	$2.6B-10.3%	$2.9B+18.1%	$2.5B-2.7%	$2.6B+29.5%	$2.0B+28.0%	$1.5B-7.5%	$1.7B
Non-Current Liabilities	$39.7B+7.8%	$36.8B+6.9%	$34.4B+7.3%	$32.1B+2.7%	$31.2B+3.8%	$30.1B+4.8%	$28.7B-0.4%	$28.8B-15.3%	$34.0B-13.2%	$39.2B-2.8%	$40.4B+3.2%	$39.1B+92.7%	$20.3B+12.6%	$18.0B+33.2%	$13.5B
Long-Term Debt	$27.3B+10.4%	$24.7B+5.8%	$23.4B+6.6%	$21.9B+1.3%	$21.6B+0.9%	$21.5B+6.5%	$20.1B-9.9%	$22.4B+9.5%	$20.4B-9.7%	$22.6B-5.0%	$23.8B+14.6%	$20.8B+83.0%	$11.4B+5.8%	$10.7B+28.3%	$8.4B
Total Equity	$12.8B+3.0%	$12.4B+0.3%	$12.4B+8.0%	$11.5B+0.5%	$11.4B-2.9%	$11.8B-11.9%	$13.4B-8.8%	$14.7B+51.8%	$9.7B+108.0%	$4.6B-24.5%	$6.1B-30.0%	$8.8B+80.4%	$4.9B+2.4%	$4.8B+266.7%	$1.3B
Retained Earnings	-$12.2B+1.3%	-$12.4B-0.9%	-$12.3B+7.4%	-$13.3B-0.3%	-$13.2B-3.8%	-$12.7B-15.9%	-$11.0B-10.0%	-$10.0B-18.6%	-$8.4B+12.6%	-$9.6B-21.2%	-$8.0B-43.5%	-$5.5B+11.2%	-$6.2B-9.7%	-$5.7B+2.1%	-$5.8B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$60.6B+8.0%	$59.6B+8.5%	$58.6B+7.4%	$55.7B+3.5%	$56.1B+7.1%	$54.9B+4.1%	$54.5B+3.6%	$53.8B+6.0%
Current Assets	$3.1B-3.0%	$3.3B+31.0%	$3.2B+21.9%	$2.3B-15.8%	$3.2B+52.3%	$2.5B-2.9%	$2.7B-41.0%	$2.7B-36.6%
Cash & Equivalents	$203.0M-77.5%	$950.0M+850.0%	$63.0M+5.0%	$70.0M-90.8%	$903.0M+1541.8%	$100.0M-85.0%	$60.0M-97.2%	$762.0M-63.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$335.0M0.0%	$262.0M+5.2%	$314.0M+12.5%	$339.0M+23.3%	$335.0M+22.3%	$249.0M+4.2%	$279.0M+1.8%	$275.0M+3.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$466.0M0.0%	N/A	N/A	N/A	$466.0M+0.6%	N/A
Total Liabilities	$47.4B+8.5%	$46.6B+9.8%	$45.8B+8.7%	$43.2B+4.4%	$43.7B+8.9%	$42.4B+5.3%	$42.1B+4.7%	$41.4B+6.3%
Current Liabilities	$6.5B+8.9%	$4.0B-36.1%	$6.1B+14.9%	$5.4B+13.9%	$6.0B+28.0%	$6.3B+25.8%	$5.3B-8.9%	$4.7B-14.6%
Non-Current Liabilities	$40.9B+8.4%	$42.6B+17.7%	$39.7B+7.8%	$37.8B+3.1%	$37.7B+6.4%	$36.2B+2.4%	$36.8B+6.9%	$36.7B+9.8%
Long-Term Debt	$28.1B+9.8%	$30.1B+24.6%	$27.3B+10.4%	$25.6B+3.1%	$25.6B+6.3%	$24.1B+0.1%	$24.7B+5.8%	$24.8B+9.0%
Total Equity	$13.2B+6.0%	$13.0B+4.0%	$12.8B+3.0%	$12.5B+0.7%	$12.4B+1.2%	$12.5B+0.3%	$12.4B+0.3%	$12.4B+4.9%
Retained Earnings	-$11.8B+4.5%	-$12.0B+2.5%	-$12.2B+1.3%	-$12.4B-0.5%	-$12.4B+0.3%	-$12.3B-0.7%	-$12.4B-0.9%	-$12.3B+4.5%

Not reported in any period shown, so not listed: Accounts Receivable.

WMB Cash Flow Statement

WMB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$6.0B	$5.9B+18.6%	$5.0B-16.2%	$5.9B+21.5%	$4.9B+23.9%	$3.9B+12.8%	$3.5B-5.3%	$3.7B+12.1%	$3.3B+6.6%	$3.1B-25.7%	$4.2B+33.4%	$3.1B+45.9%	$2.1B-3.7%	$2.2B+20.8%	$1.8B-46.6%	$3.4B
Depreciation & Amortization	N/A	$2.3B+5.8%	$2.2B+7.1%	$2.1B+3.1%	$2.0B+9.1%	$1.8B+7.0%	$1.7B+0.4%	$1.7B-0.6%	$1.7B-0.6%	$1.7B-1.5%	$1.8B+1.4%	$1.7B+47.8%	$1.2B+44.3%	$815.0M+7.8%	$756.0M+14.4%	$661.0M
Stock-Based Compensation	N/A	$93.0M-6.1%	$99.0M+28.6%	$77.0M+5.5%	$73.0M-9.9%	$81.0M+55.8%	$52.0M-8.8%	$57.0M+3.6%	$55.0M-29.5%	$78.0M+6.8%	$73.0M-11.0%	$82.0M+54.7%	$53.0M+43.2%	$37.0M+2.8%	$36.0M-30.8%	$52.0M
Capital Expenditures	$6.1B	$4.9B+90.2%	$2.6B+2.3%	$2.5B+11.7%	$2.3B+81.8%	$1.2B0.0%	$1.2B-41.3%	$2.1B-35.2%	$3.3B+35.7%	$2.4B+17.0%	$2.1B-35.2%	$3.2B-21.4%	$4.0B+12.8%	$3.6B+41.2%	$2.5B-9.5%	$2.8B
Free Cash Flow	-$108.0M	$1.0B-58.1%	$2.4B-29.8%	$3.4B+29.8%	$2.6B-2.6%	$2.7B+19.9%	$2.3B+42.5%	$1.6B+4181.1%	$37.0M-94.6%	$690.0M-67.2%	$2.1B+4069.8%	-$53.0M+97.2%	-$1.9B-40.0%	-$1.4B-95.2%	-$694.0M-207.9%	$643.0M
Investing Cash Flow	-$6.1B	-$5.5B-12.9%	-$4.9B-25.0%	-$3.9B-15.3%	-$3.4B-130.4%	-$1.5B+6.0%	-$1.6B+44.9%	-$2.8B-3.7%	-$2.7B-2825.0%	$100.0M+111.2%	-$891.0M+76.0%	-$3.7B+63.5%	-$10.2B-150.7%	-$4.1B+41.5%	-$6.9B-130.5%	-$3.0B
Financing Cash Flow	-$609.0M	-$406.0M+81.6%	-$2.2B-4391.8%	-$49.0M+98.4%	-$3.0B-222.9%	-$942.0M+54.8%	-$2.1B-179.9%	-$745.0M+42.6%	-$1.3B+47.2%	-$2.5B+23.0%	-$3.2B-808.2%	$451.0M-94.1%	$7.6B+352.1%	$1.7B-66.7%	$5.0B+1572.5%	-$342.0M
Dividends Paid	$2.5B	$2.4B+5.4%	$2.3B+6.3%	$2.2B+5.2%	$2.1B+4.0%	$2.0B+2.6%	$1.9B+5.4%	$1.8B+32.9%	$1.4B+39.7%	$992.0M-21.3%	$1.3B-31.3%	$1.8B+30.0%	$1.4B+43.8%	$982.0M+32.3%	$742.0M+62.4%	$457.0M
Share Buybacks	N/A	$0	$0-100.0%	$130.0M+1344.4%	$9.0M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.4B-5.1%	$1.6B+11.9%	$1.6B+29.4%	$1.4B+15.8%	$1.4B+13.4%	$1.4B+16.1%	$1.2B-32.8%	$1.2B+0.7%
Depreciation & Amortization	$592.0M-2.1%	$584.0M-0.2%	$593.0M+5.0%	$564.0M-0.4%	$605.0M+12.0%	$585.0M+6.8%	$565.0M+6.8%	$566.0M+8.6%
Stock-Based Compensation	N/A	$22.0M-26.7%	N/A	N/A	N/A	$30.0M+25.0%	N/A	N/A
Capital Expenditures	$1.8B+88.7%	$1.4B+34.3%	$2.0B+154.6%	$954.0M+39.9%	$972.0M+67.9%	$1.0B+86.0%	$768.0M+14.5%	$682.0M-1.2%
Free Cash Flow	-$458.0M-195.8%	$244.0M-42.0%	-$379.0M-184.2%	$485.0M-13.5%	$478.0M-31.7%	$421.0M-39.0%	$450.0M-60.6%	$561.0M+3.1%
Investing Cash Flow	-$1.9B-86.1%	-$884.0M+24.4%	-$2.3B-113.7%	-$1.0B-36.8%	-$1.0B-65.2%	-$1.2B+52.0%	-$1.1B+15.1%	-$737.0M-114.9%
Financing Cash Flow	-$217.0M-157.6%	$168.0M+175.3%	$704.0M+182.8%	-$1.3B-728.9%	$377.0M+129.7%	-$223.0M+20.6%	-$850.0M-78.2%	$201.0M-68.2%
Dividends Paid	$642.0M+5.1%	$642.0M+5.2%	$610.0M+5.4%	$611.0M+5.5%	$611.0M+5.5%	$610.0M+5.4%	$579.0M+6.4%	$579.0M+6.4%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

WMB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WMB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	53.3%+2.9pp	50.4%
Operating Margin	35.1%+3.3pp	31.8%-7.7pp	39.5%+22.5pp	17.0%-7.8pp	24.8%-3.8pp	28.5%+5.1pp	23.4%+14.6pp	8.8%-2.7pp	11.5%+2.4pp	9.2%+6.1pp	3.1%-17.5pp	20.5%+0.5pp	20.0%-1.5pp	21.5%-2.0pp	23.5%
Net Margin	21.9%+0.7pp	21.2%-8.0pp	29.1%+17.6pp	11.5%-2.7pp	14.3%+11.5pp	2.7%-7.6pp	10.4%+12.1pp	-1.8%-28.8pp	27.1%+32.7pp	-5.7%+2.1pp	-7.8%-35.4pp	27.7%+21.4pp	6.3%-5.2pp	11.5%+6.7pp	4.7%
Return on Equity	20.4%+2.5pp	17.9%-7.7pp	25.6%+7.8pp	17.8%+4.6pp	13.3%+11.5pp	1.8%-4.6pp	6.4%+7.4pp	-1.1%-23.6pp	22.5%+31.6pp	-9.1%+0.2pp	-9.3%-33.4pp	24.1%+15.3pp	8.8%-9.2pp	18.1%-10.9pp	29.0%
Return on Assets	4.5%+0.4pp	4.1%-2.0pp	6.0%+1.8pp	4.2%+1.0pp	3.2%+2.7pp	0.5%-1.4pp	1.8%+2.2pp	-0.3%-5.0pp	4.7%+5.6pp	-0.9%+0.2pp	-1.2%-5.3pp	4.2%+2.6pp	1.6%-1.9pp	3.5%+1.2pp	2.3%
Current Ratio	0.530.0x	0.50-0.3x	0.770.0x	0.78-0.1x	0.91+0.3x	0.62+0.2x	0.40-0.4x	0.810.0x	0.82+0.3x	0.50-0.1x	0.61-0.1x	0.74-0.1x	0.85-0.4x	1.24+0.1x	1.13
Debt-to-Equity	2.13+0.1x	1.99+0.1x	1.880.0x	1.910.0x	1.90+0.1x	1.82+0.3x	1.510.0x	1.53-0.6x	2.12-2.8x	4.87+1.0x	3.87+1.5x	2.370.0x	2.33+0.1x	2.26-4.2x	6.46
Asset Turnover	0.200.0x	0.190.0x	0.21-0.2x	0.37+0.1x	0.220.0x	0.170.0x	0.180.0x	0.190.0x	0.170.0x	0.160.0x	0.150.0x	0.15-0.1x	0.25-0.1x	0.31-0.2x	0.48
FCF Margin	8.4%-14.5pp	22.9%-8.5pp	31.4%+16.5pp	14.8%-10.6pp	25.5%-3.8pp	29.2%+9.9pp	19.3%+18.9pp	0.4%-8.2pp	8.6%-19.5pp	28.1%+28.8pp	-0.7%+24.1pp	-24.8%-5.1pp	-19.8%-10.5pp	-9.3%-17.4pp	8.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	38.7%+4.7pp	28.0%+1.9pp	50.9%+22.0pp	37.9%+6.3pp	34.0%+4.2pp	26.1%-10.4pp	28.9%-10.1pp	31.6%-7.3pp
Net Margin	27.1%+7.5pp	18.3%+1.8pp	35.6%+17.9pp	22.1%-4.5pp	19.6%+2.5pp	16.5%-6.3pp	17.7%-23.2pp	26.6%+1.1pp
Return on Equity	6.3%+1.9pp	6.7%+1.1pp	5.7%+1.8pp	5.2%-0.5pp	4.4%+1.1pp	5.5%+0.5pp	3.9%-5.3pp	5.7%+0.2pp
Return on Assets	1.4%+0.4pp	1.5%+0.2pp	1.3%+0.4pp	1.2%-0.2pp	1.0%+0.2pp	1.3%+0.1pp	0.9%-1.3pp	1.3%0.0pp
Current Ratio	0.48-0.1x	0.83+0.4x	0.530.0x	0.42-0.1x	0.54+0.1x	0.40-0.1x	0.50-0.3x	0.57-0.2x
Debt-to-Equity	2.13+0.1x	2.31+0.4x	2.13+0.1x	2.040.0x	2.06+0.1x	1.930.0x	1.99+0.1x	2.00+0.1x
Asset Turnover	0.050.0x	0.080.0x	0.040.0x	0.050.0x	0.050.0x	0.080.0x	0.050.0x	0.050.0x
FCF Margin	-15.0%-32.2pp	5.2%-4.9pp	-18.4%-34.8pp	16.6%-4.6pp	17.2%-12.8pp	10.1%-14.8pp	16.4%-24.6pp	21.1%-0.1pp

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Williams Companies Inc. WMB	FY2025	$11.9B	$2.6B	21.9%	$88.9B	52/100
Enterprise Products Partners L.P. EPD	FY2025	$52.6B	$5.8B	11.1%	$79.4B	52/100
Kinder Morgan, Inc. KMI	FY2025	$16.9B	$3.1B	18.0%	$71.8B	52/100
Energy Transfer LP ET	FY2025	$85.5B	$4.4B	5.2%	$71.0B	49/100
Cheniere Energy Inc LNG	FY2025	$20.0B	$6.8B	34.0%	$57.4B	58/100

Where Williams Companies Inc. Ranks

Frequently Asked Questions

What is Williams Companies Inc.'s annual revenue?

Williams Companies Inc. (WMB) reported $11.9B in total revenue for fiscal year 2025. This represents a 13.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Williams Companies Inc.'s revenue growing?

Williams Companies Inc. (WMB) revenue grew by 13.8% year-over-year, from $10.5B to $11.9B in fiscal year 2025.

Is Williams Companies Inc. profitable?

Yes, Williams Companies Inc. (WMB) reported a net income of $2.6B in fiscal year 2025, with a net profit margin of 21.9%.

What is Williams Companies Inc.'s EBITDA?

Williams Companies Inc. (WMB) had EBITDA of $6.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Williams Companies Inc. have?

As of fiscal year 2025, Williams Companies Inc. (WMB) had $63.0M in cash and equivalents against $27.3B in long-term debt.

What is Williams Companies Inc.'s operating margin?

Williams Companies Inc. (WMB) had an operating margin of 35.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Williams Companies Inc.'s net profit margin?

Williams Companies Inc. (WMB) had a net profit margin of 21.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Williams Companies Inc. pay dividends?

Yes, Williams Companies Inc. (WMB) paid $2.00 per share in dividends during fiscal year 2025.

What is Williams Companies Inc.'s return on equity (ROE)?

Williams Companies Inc. (WMB) has a return on equity of 20.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Williams Companies Inc.'s free cash flow?

Williams Companies Inc. (WMB) generated $1.0B in free cash flow during fiscal year 2025. This represents a -58.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Williams Companies Inc.'s operating cash flow?

Williams Companies Inc. (WMB) generated $5.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Williams Companies Inc.'s total assets?

Williams Companies Inc. (WMB) had $58.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Williams Companies Inc.'s capital expenditures?

Williams Companies Inc. (WMB) invested $4.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Williams Companies Inc. have outstanding?

Williams Companies Inc. (WMB) had 1.22B shares outstanding as of fiscal year 2025.

What is Williams Companies Inc.'s current ratio?

Williams Companies Inc. (WMB) had a current ratio of 0.53 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Williams Companies Inc.'s debt-to-equity ratio?

Williams Companies Inc. (WMB) had a debt-to-equity ratio of 2.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Williams Companies Inc.'s return on assets (ROA)?

Williams Companies Inc. (WMB) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Williams Companies Inc.'s P/E ratio?

Williams Companies Inc. (WMB) trades at 28.9x earnings, its market capitalization divided by net income of $3.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $88.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Williams Companies Inc.'s price-to-sales ratio?

Williams Companies Inc. (WMB) trades at 7.0x sales, its market capitalization divided by revenue of $12.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $88.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Williams Companies Inc.'s Altman Z-Score?

Williams Companies Inc. (WMB) has an Altman Z-Score of 1.25, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Williams Companies Inc.'s Piotroski F-Score?

Williams Companies Inc. (WMB) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Williams Companies Inc.'s earnings high quality?

Williams Companies Inc. (WMB) has an earnings quality ratio of 2.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Williams Companies Inc. cover its interest payments?

Williams Companies Inc. (WMB) has an interest coverage ratio of 2.91x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Williams Companies Inc.?

Williams Companies Inc. (WMB) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.