Williams Companies, Inc. (WMB) Financial Statements
Industry: Natural Gas Transmission
In fiscal 2025, Williams Companies reported revenue of $11.95B, up 13.8% from $10.50B the year before. Net income was $2.62B (a 21.9% net margin), or $2.14 per diluted share. Gross margin was 35.1% and operating margin was 35.1%. Operating activities generated $5.90B of cash, leaving $1.00B of free cash flow. At fiscal year end, Williams Companies held $58.57B in total assets against $45.77B in total liabilities.
Open the full interactive Williams Companies financials → Quarterly statements, key ratios, valuation history and price charts.
Williams Companies Key Stats
| Share Price | $74.57 |
|---|---|
| Market Cap | $91.35B |
| P/E Ratio | 34.8 |
| Revenue YoY Growth | +13.8% |
| 52-Week Range | $54.84 – $78.25 |
| Shares Outstanding | 1.22 billion (basic, 2026 Q2) |
Williams Companies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.72B | $10.63B | $10.96B | $10.91B | $10.50B | $11.95B |
| Cost of Goods Sold | $5.52B | $8.00B | $7.95B | $6.60B | $7.16B | $7.75B |
| Gross Profit | $2.20B | $2.63B | $3.02B | $4.31B | $3.34B | $4.20B |
| Operating Income | $2.20B | $2.63B | $3.02B | $4.31B | $3.34B | $4.20B |
| Pre-Tax Income | $277.0M | $2.07B | $2.54B | $4.41B | $2.99B | $3.62B |
| Income Tax | $79.0M | $511.0M | $425.0M | $1.00B | $640.0M | $857.0M |
| Net Income | $211.0M | $1.52B | $2.05B | $3.18B | $2.23B | $2.62B |
| Diluted EPS | $0.17 | $1.24 | $1.67 | $2.60 | $1.82 | $2.14 |
Williams Companies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.92B | $3.20B | $3.03B | $3.05B |
| Net Income | $647.0M | $734.0M | $865.0M | $827.0M |
| Diluted EPS | $0.53 | $0.60 | $0.70 | $0.68 |
Williams Companies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $142.0M | $1.68B | $152.0M | — | — | — |
| Current Assets | $1.43B | $4.55B | $3.80B | $4.51B | $2.66B | $3.24B |
| Total Assets | $44.16B | $47.61B | $48.43B | $52.63B | $54.53B | $58.57B |
| Current Liabilities | $2.32B | $4.97B | $4.89B | $5.83B | $5.31B | $6.11B |
| Total Long-Term Debt | $22.34B | $23.68B | $22.55B | $25.71B | $26.46B | $28.66B |
| Total Liabilities | $32.40B | $36.19B | $36.95B | $40.23B | $42.10B | $45.77B |
| Shareholders' Equity | $11.77B | $11.42B | $11.48B | $12.40B | $12.44B | $12.81B |
Williams Companies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.50B | $3.94B | $4.89B | $5.94B | $4.97B | $5.90B |
| Cash From Investing | -$1.56B | -$1.47B | -$3.38B | -$3.89B | -$4.86B | -$5.49B |
| Cash From Financing | -$2.08B | -$942.0M | -$3.04B | -$49.0M | -$2.20B | -$406.0M |
| Free Cash Flow | $2.26B | $2.71B | $2.64B | $3.42B | $2.40B | $1.00B |
Figures from Williams Companies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Williams Companies financials page for every line item.
Williams Companies Company Profile
| Ticker | WMB |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Transmission |
| Headquarters | Tulsa, Oklahoma |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000107263 |
Frequently Asked Questions
What was Williams Companies' revenue in fiscal 2025?
Williams Companies (WMB) reported revenue of $11.95B for fiscal 2025.
What is Williams Companies' annual revenue history?
Williams Companies' annual revenue by fiscal year: 2020: $7.72B; 2021: $10.63B; 2022: $10.96B; 2023: $10.91B; 2024: $10.50B; 2025: $11.95B.
What was Williams Companies' net income in fiscal 2025?
Williams Companies reported net income of $2.62B for fiscal 2025.
What was Williams Companies' earnings per share (EPS) in fiscal 2025?
Williams Companies' diluted EPS was $2.14 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Williams Companies generate in fiscal 2025?
Williams Companies generated $1.00B of free cash flow in fiscal 2025.
What was Williams Companies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Williams Companies reported revenue of $3.05B.
How much debt does Williams Companies have?
Williams Companies reported $28.66B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Williams Companies are outstanding?
Williams Companies reported a weighted average of 1.22 billion basic shares outstanding in 2026 Q2.
What is Williams Companies' market cap?
Based on its latest closing price, Williams Companies (WMB) has a market capitalization of about $91.35B.
When does Williams Companies' fiscal year end?
Williams Companies' fiscal year end, as registered with the SEC, is December 31.
Where is Williams Companies headquartered?
Williams Companies lists its business address in Tulsa, Oklahoma in its SEC filings.