InsiderClue
Stocks · Energy · Natural Gas Transmission

Williams Companies

WMB Clue Score50
United States Fiscal year ends December CIK 0000107263
$72.67 +0.46% Close, 9 Oct 2026
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Price $72.67 +153.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.50Operating income0.69Net income−0.42EPS, diluted−0.57Fiscal year 2017Revenue8.03 +7.1%Operating income0.93Net income2.17EPS, diluted2.62Fiscal year 2018Revenue8.60 +7.1%Operating income0.77Net income−0.16 −107.1%EPS, diluted−0.16 −106.1%Fiscal year 2019Revenue8.14 −5.4%Operating income1.92Net income0.85EPS, diluted0.70Fiscal year 2020Revenue7.65 −6.0%Operating income2.20Net income0.21 −75.2%EPS, diluted0.17 −75.7%Fiscal year 2021Revenue12.78 +67.0%Operating income2.63Net income1.52 +619.0%EPS, diluted1.24 +629.4%Fiscal year 2022Revenue17.77 +39.0%Operating income3.02Net income2.05 +35.1%EPS, diluted1.67 +34.7%Fiscal year 2023Revenue12.00 −32.5%Operating income4.31Net income3.18 +55.1%EPS, diluted2.60 +55.7%Fiscal year 2024Revenue12.63 +5.3%Operating income3.34Net income2.23 −30.0%EPS, diluted1.82 −30.0%Fiscal year 2025Revenue14.90 +17.9%Operating income4.20Net income2.62 +17.7%EPS, diluted2.14 +17.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.50 8.03 8.60 8.14 7.65 12.78 17.77 12.00 12.63 14.90
Growth +7.1% +7.1% −5.4% −6.0% +67.0% +39.0% −32.5% +5.3% +17.9%
Operating income 0.69 0.93 0.77 1.92 2.20 2.63 3.02 4.31 3.34 4.20
Net income −0.42 2.17 −0.16 0.85 0.21 1.52 2.05 3.18 2.23 2.62
Growth −107.1% −75.2% +619.0% +35.1% +55.1% −30.0% +17.7%
EPS, diluted −0.57 2.62 −0.16 0.70 0.17 1.24 1.67 2.60 1.82 2.14
Growth −106.1% −75.7% +629.4% +34.7% +55.7% −30.0% +17.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.2%Net margin−5.7%Free cash flow margin28.1%Fiscal year 2017Operating margin11.5%Net margin27.1%Free cash flow margin8.6%Fiscal year 2018Operating margin8.9%Net margin−1.8%Free cash flow margin0.4%Fiscal year 2019Operating margin23.6%Net margin10.4%Free cash flow margin19.5%Fiscal year 2020Operating margin28.8%Net margin2.8%Free cash flow margin29.5%Fiscal year 2021Operating margin20.6%Net margin11.9%Free cash flow margin21.2%Fiscal year 2022Operating margin17.0%Net margin11.5%Free cash flow margin14.8%Fiscal year 2023Operating margin35.9%Net margin26.5%Free cash flow margin28.5%Fiscal year 2024Operating margin26.4%Net margin17.6%Free cash flow margin19.0%Fiscal year 2025Operating margin28.2%Net margin17.6%Free cash flow margin6.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.2% 11.5% 8.9% 23.6% 28.8% 20.6% 17.0% 35.9% 26.4% 28.2%
Net margin −5.7% 27.1% −1.8% 10.4% 2.8% 11.9% 11.5% 26.5% 17.6% 17.6%
Free cash flow margin 28.1% 8.6% 0.4% 19.5% 29.5% 21.2% 14.8% 28.5% 19.0% 6.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.16Capital expenditure−2.05Free cash flow2.10Dividends paid−1.26Fiscal year 2017Operating cash flow3.09Capital expenditure−2.40Free cash flow0.69 −67.2%Dividends paid−0.99Fiscal year 2018Operating cash flow3.29Capital expenditure−3.26Free cash flow0.04 −94.6%Dividends paid−1.39Fiscal year 2019Operating cash flow3.69Capital expenditure−2.11Free cash flow1.58 +4,181.1%Dividends paid−1.84Fiscal year 2020Operating cash flow3.50Capital expenditure−1.24Free cash flow2.26 +42.5%Dividends paid−1.94Fiscal year 2021Operating cash flow3.95Capital expenditure−1.24Free cash flow2.71 +19.9%Buybacks0.00Dividends paid−1.99Fiscal year 2022Operating cash flow4.89Capital expenditure−2.25Free cash flow2.64 −2.6%Buybacks−0.01Dividends paid−2.07Fiscal year 2023Operating cash flow5.94Capital expenditure−2.52Free cash flow3.42 +29.8%Buybacks−0.13Dividends paid−2.18Fiscal year 2024Operating cash flow4.97Capital expenditure−2.57Free cash flow2.40 −29.8%Buybacks0.00Dividends paid−2.32Fiscal year 2025Operating cash flow5.90Capital expenditure−4.89Free cash flow1.01 −58.1%Buybacks0.00Dividends paid−2.44
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.16 3.09 3.29 3.69 3.50 3.95 4.89 5.94 4.97 5.90
Capital expenditure −2.05 −2.40 −3.26 −2.11 −1.24 −1.24 −2.25 −2.52 −2.57 −4.89
Free cash flow 2.10 0.69 0.04 1.58 2.26 2.71 2.64 3.42 2.40 1.01
Growth −67.2% −94.6% +4,181.1% +42.5% +19.9% −2.6% +29.8% −29.8% −58.1%
Buybacks n/a n/a n/a n/a n/a 0.00 −0.01 −0.13 0.00 0.00
Dividends paid −1.26 −0.99 −1.39 −1.84 −1.94 −1.99 −2.07 −2.18 −2.32 −2.44

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.17Shareholders’ equity4.64Fiscal year 2017Cash0.90Shareholders’ equity9.66Fiscal year 2018Cash0.17Shareholders’ equity14.66Fiscal year 2019Cash0.29Shareholders’ equity13.36Fiscal year 2020Cash0.14Shareholders’ equity11.77Fiscal year 2021Cash1.68Shareholders’ equity11.42Fiscal year 2022Cash0.15Shareholders’ equity11.49Fiscal year 2023Cash2.15Shareholders’ equity12.40Fiscal year 2024Cash0.06Shareholders’ equity12.44Fiscal year 2025Cash0.06Shareholders’ equity12.81
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.17 0.90 0.17 0.29 0.14 1.68 0.15 2.15 0.06 0.06
Shareholders’ equity 4.64 9.66 14.66 13.36 11.77 11.42 11.49 12.40 12.44 12.81

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.17 0.90 0.17 0.29 0.14 1.68 0.15 2.15 0.06 0.06
0.14 0.11 0.13 0.13 0.14 0.38 0.32 0.27 0.28 0.31
28.43 28.21 27.50 29.20 28.93 29.26 30.89 34.31 38.69 42.00
n/a 0.05 0.00 0.19 n/a 0.00 0.00 0.46 0.47 0.47
46.84 46.35 45.30 46.04 44.17 47.61 48.43 52.63 54.53 58.57
Growth −1.0% −2.3% +1.6% −4.1% +7.8% +1.7% +8.7% +3.6% +7.4%
Equity
−9.65 −8.43 −10.00 −11.00 −12.75 −13.24 −13.27 −12.29 −12.40 −12.24
4.64 9.66 14.66 13.36 11.77 11.42 11.49 12.40 12.44 12.81
Growth +108.0% +51.8% −8.8% −11.9% −2.9% +0.5% +8.0% +0.3% +3.0%
Per share and net cash
825.8 827.3 1,211 1,212 1,214 1,216 1,219 1,217 1,219 1,222
calc 5.62 11.67 12.11 11.02 9.70 9.40 9.43 10.19 10.20 10.48

Lines marked calc are worked out here from filed figures; point at one for how.