Williams Companies (WMB) financials
Williams Companies revenue and earnings by year
Williams Companies's revenue was $11.9 billion in the fiscal year to December 31, 2025, up 13.8% from the year before. Net income was $2.62 billion, 21.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.0 | 10.5 | 10.9 | 11.0 | 10.6 | 7.7 | 8.2 | 8.7 | 8.0 | 7.5 |
| Revenue growth | 13.8% | -3.7% | -0.5% | 3.2% | 37.7% | -5.9% | -5.6% | 8.2% | 7.1% | — |
| Gross profit | 7.5 | 6.2 | 6.9 | 5.7 | 5.0 | 4.8 | 4.7 | 4.3 | 4.2 | 4.2 |
| Gross margin | 62.5% | 59.1% | 63.2% | 51.9% | 47.5% | 61.9% | 56.9% | 49.9% | 51.7% | 55.8% |
| Operating income | 4.2 | 3.3 | 4.2 | 3.0 | 2.6 | 2.2 | 1.9 | 0.8 | 0.9 | 0.7 |
| Operating margin | 35.1% | 31.8% | 38.3% | 27.5% | 24.8% | 28.5% | 23.4% | 8.8% | 11.5% | 9.2% |
| Net income | 2.6 | 2.2 | 3.2 | 2.0 | 1.5 | 0.2 | 0.9 | -0.2 | 2.2 | -0.4 |
| Net margin | 21.9% | 21.2% | 29.1% | 18.7% | 14.3% | 2.7% | 10.4% | -1.8% | 27.1% | -5.7% |
| Diluted EPS | $2.14 | $1.82 | $2.60 | $1.67 | $1.24 | $0.17 | $0.70 | -$0.16 | $2.62 | -$0.57 |
| Free cash flow | 0.9 | 2.3 | 3.4 | 2.6 | 2.7 | 2.3 | 1.6 | 0.4 | 1.1 | 2.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WMB in Markets.
How Williams Companies makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $1.22B | 36.1% |
| Non Regulated Service Monetary Consideration | $1.15B | 34.1% |
| Regulated Service | $925M | 27.4% |
| Non Regulated Service Commodity Consideration | $45.0M | 1.3% |
| Other Service | $38.0M | 1.1% |
See also: WMB valuation and P/E history · WMB returns
No forecast, no recommendation. This page describes Williams Companies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.