WMB Financials Williams Companies

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 14.3% per year over the past 5 years.
Net income has grown faster than revenue (65.5% vs 14.3% per year).
Operating margin has been roughly flat, at 28.2% in the latest year.
Free cash flow has declined 14.9% per year over the past 5 years.

Financial health

Total debt ($28.7B) exceeds cash ($63M); net debt is $28.6B.
Total debt has grown slower than revenue (5.6% vs 14.3% per year).
Operating income covered interest expense 2.9× in the latest year.
Total debt is 4.4× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 93.3% of earnings and 243.0% of free cash flow.
The dividend has grown 4.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$14.9B	$2.6B	0.0%	28.2%	$1.0B	$28.7B	$63M
2024	$12.6B	$2.2B	0.0%	26.4%	$2.4B	$26.5B	$60M
2023	$12.0B	$3.2B	0.0%	35.9%	$3.4B	$25.7B	$2.1B
2022	$17.8B	$2.0B	0.0%	17.0%	$2.6B	—	$152M
2021	$12.8B	$1.5B	0.0%	20.6%	$2.7B	—	$1.7B
2020	$7.7B	$211M	0.0%	28.8%	$2.3B	—	$142M
2019	$8.1B	$850M	0.0%	23.6%	$1.6B	—	$289M
2018	$8.6B	-$155M	0.0%	8.9%	$37M	—	—
2017	—	$2.2B	—	—	$690M	—	—
2016	—	-$424M	—	—	$2.1B	—	—
2015	—	-$571M	—	—	-$53M	—	—
2014	—	$2.1B	—	—	-$1.9B	—	—
2013	—	$430M	—	—	-$1.4B	—	—
2012	—	$859M	—	—	-$694M	—	—
2011	—	$376M	—	—	$643M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$4.7B	$865M	0.0%	28.0%	$244M	—	$950M
Dec '25	$3.8B	$734M	0.0%	27.3%	-$379M	$28.7B	$63M
Sep '25	$3.5B	$647M	0.0%	31.8%	$485M	—	$70M
Jun '25	$3.4B	$546M	0.0%	28.0%	$478M	—	$903M
Mar '25	$4.2B	$691M	0.0%	26.1%	$421M	—	$100M
Dec '24	$3.4B	$486M	0.0%	23.2%	$450M	$26.5B	$60M
Sep '24	$3.0B	$706M	0.0%	27.6%	$561M	—	$762M
Jun '24	$2.8B	$401M	0.0%	24.4%	$700M	—	$55M
Mar '24	$3.3B	$632M	0.0%	30.3%	$690M	—	$667M
Dec '23	$3.0B	$1.1B	0.0%	36.0%	$1.1B	$25.7B	$2.1B
Sep '23	$3.1B	$654M	0.0%	32.5%	$544M	—	$2.1B
Jun '23	$2.8B	$460M	0.0%	31.1%	$767M	—	$551M
Mar '23	$3.1B	$927M	0.0%	43.6%	$969M	—	$477M
Dec '22	$4.1B	$669M	0.0%	26.0%	$413M	—	$152M
Sep '22	$5.0B	$600M	0.0%	16.5%	$649M	—	$859M
Jun '22	$4.6B	$400M	0.0%	10.3%	$783M	—	$133M
Mar '22	$4.1B	$380M	0.0%	15.9%	$791M	—	$604M
Dec '21	$4.1B	$622M	0.0%	22.6%	$857M	—	$1.7B
Sep '21	$3.7B	$165M	0.0%	9.5%	$562M	—	$214M
Jun '21	$2.3B	$304M	0.0%	26.4%	$632M	—	$1.2B

Valuation over time

How the market has priced WMB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 17.8× (Mar '23) to 36.2× (Jun '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 6.4× (Jun '26).
The dividend yield has fallen from 5.7% (Mar '23) to 2.6% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is WMB growing its revenue and profit?

Over the past 5 years, Williams Companies's revenue has grown 14.3% per year, and net income grown 65.5% per year. These are computed facts, not advice.

How much debt does WMB have?

As of FY2025, Williams Companies reported $28.7B of total debt against $63M of cash; operating income covered interest expense 2.9×.

What is WMB's profit margin?

In FY2025, gross margin was —, operating margin 28.2%, and net margin 17.6%.

What is WMB's P/E ratio?

As of Jun '26, Williams Companies traded at a price-to-earnings ratio of about 36.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.