Williams Companies (WMB) Financials

$58.75 +0.21 (+0.36%)

Closing price 05/20/2025 03:59 PM Eastern

Extended Trading

$58.78 +0.03 (+0.06%)

As of 08:59 AM Eastern

Annual Income Statements for Williams Companies

This table shows Williams Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,222	3,176	2,046	1,514	208	847	-155	2,174	-424	-571
Consolidated Net Income / (Loss)	2,346	3,303	2,117	1,562	198	714	193	2,509	-350	-1,314
Net Income / (Loss) Continuing Operations	2,346	3,400	2,117	1,562	198	729	193	2,509	-350	-1,314
Total Pre-Tax Income	2,986	4,405	2,542	2,073	277	1,064	331	535	-375	-1,713
Total Operating Income	3,339	4,311	3,018	2,631	2,202	1,921	768	927	689	226
Total Gross Profit	8,385	8,872	7,508	6,595	6,106	6,135	5,842	5,731	5,774	5,581
Total Revenue	10,503	10,907	10,965	10,627	7,719	8,201	8,686	8,031	7,499	7,360
Operating Revenue	10,503	10,907	10,965	10,627	7,719	8,201	8,686	8,031	7,499	7,360
Total Cost of Revenue	2,118	2,035	3,457	4,032	1,613	2,066	2,844	2,300	1,725	1,779
Operating Cost of Revenue	2,118	2,035	3,457	4,032	1,613	2,066	2,844	2,300	1,725	1,779
Total Operating Expenses	5,046	4,561	4,490	3,964	3,904	4,214	5,074	4,804	5,085	5,355
Selling, General & Admin Expense	2,887	2,649	2,453	2,106	1,792	2,026	2,076	2,170	2,314	2,396
Depreciation Expense	2,219	2,071	2,009	1,842	1,721	1,714	1,725	1,736	1,763	1,738
Other Operating Expenses / (Income)	-60	-159	28	16	22	10	50	745	135	40
Other Special Charges / (Income)	0.00	-	0.00	0.00	-	-	-692	-1,095	0.00	-126
Total Other Income / (Expense), net	-353	94	-476	-558	-1,925	-857	-437	-392	-1,064	-1,939
Interest Expense	1,364	1,236	1,147	1,179	1,172	1,186	1,112	1,083	1,179	1,044
Interest & Investment Income	903	697	653	615	-710	296	583	716	30	-997
Other Income / (Expense), net	108	633	18	6.00	-43	33	92	-25	85	102
Income Tax Expense	640	1,005	425	511	79	335	138	-1,974	-25	-399
Net Income / (Loss) Discontinued Operations	0.00	-97	0.00	0.00	-	-15	0.00	0.00	-	-
Preferred Stock Dividends Declared	3.00	3.00	3.00	3.00	3.00	3.00	-	0.00	0.00	-
Net Income / (Loss) Attributable to Noncontrolling Interest	121	124	68	45	-13	-136	348	335	74	-743
Basic Earnings per Share	$1.82	$2.61	$1.68	$1.25	$0.17	$0.70	($0.16)	$2.63	($0.57)	($0.76)
Weighted Average Basic Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.21B	1.21B	973.63M	826.18M	750.67M	749.27M
Diluted Earnings per Share	$1.82	$2.60	$1.67	$1.24	$0.17	$0.70	($0.16)	$2.62	($0.57)	($0.76)
Weighted Average Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.21B	973.63M	828.52M	750.67M	749.27M
Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	2.43B	1.21B	968.80M	826.60M	743.90M	751.30M
Cash Dividends to Common per Share	$1.90	$1.79	$1.70	$1.64	$1.60	$1.52	$1.36	$1.20	$1.68	$2.45

This table shows Williams Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	690	485	705	401	631	1,137	653	460	926	668	599
Consolidated Net Income / (Loss)	729	517	741	426	662	1,168	684	494	957	697	621
Net Income / (Loss) Continuing Operations	729	1,179	741	426	0.00	2,134	685	581	0.00	697	621
Total Pre-Tax Income	922	608	968	555	855	1,547	861	756	1,241	953	717
Total Operating Income	1,094	793	838	696	1,012	1,087	994	870	1,360	1,072	820
Total Gross Profit	2,405	2,121	2,129	1,895	2,240	2,336	2,044	2,018	2,474	2,222	2,002
Total Revenue	3,048	2,743	2,653	2,336	2,771	2,784	2,559	2,483	3,081	2,930	3,021
Operating Revenue	3,048	2,743	2,653	2,336	2,771	2,784	2,559	2,483	3,081	2,930	3,021
Total Cost of Revenue	643	622	524	441	531	448	515	465	607	708	1,019
Operating Cost of Revenue	643	622	524	441	531	448	515	465	607	708	1,019
Total Operating Expenses	1,311	1,328	1,291	1,199	1,228	1,249	1,050	1,148	1,114	1,150	1,182
Selling, General & Admin Expense	736	754	750	686	697	700	668	642	639	631	649
Depreciation Expense	585	565	566	540	548	529	521	515	506	505	500
Other Operating Expenses / (Income)	-10	9.00	-25	-27	-17	20	-139	-9.00	-31	14	33
Other Special Charges / (Income)	0.00	-	0.00	-	-	-	0.00	-	-	-	-
Total Other Income / (Expense), net	-172	-185	130	-141	-157	460	-133	-114	-119	-119	-103
Interest Expense	349	338	338	339	349	322	314	306	294	289	291
Interest & Investment Income	163	140	437	165	161	218	151	173	155	157	194
Other Income / (Expense), net	14	13	31	33	31	564	30	19	20	13	-6.00
Income Tax Expense	193	91	227	129	193	370	176	175	284	256	96
Preferred Stock Dividends Declared	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00
Net Income / (Loss) Attributable to Noncontrolling Interest	38	31	35	25	30	30	30	34	30	28	21
Basic Earnings per Share	$0.57	$0.39	$0.58	$0.33	$0.52	$0.93	$0.54	$0.38	$0.76	$0.55	$0.49
Weighted Average Basic Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B
Diluted Earnings per Share	$0.56	$0.39	$0.58	$0.33	$0.52	$0.92	$0.54	$0.38	$0.76	$0.54	$0.49
Weighted Average Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.23B	1.22B	1.22B
Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B
Cash Dividends to Common per Share	$0.50	-	$0.48	$0.48	$0.48	-	$0.45	$0.45	$0.45	-	$0.43

This table details how cash moves in and out of Williams Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-2,090	1,998	-1,528	1,538	-147	121	-731	729	70	-140
Net Cash From Operating Activities	4,974	5,938	4,889	3,945	3,496	3,693	3,293	3,089	4,155	2,708
Net Cash From Continuing Operating Activities	4,974	5,938	4,889	3,945	3,496	3,693	3,293	3,089	4,155	2,708
Net Income / (Loss) Continuing Operations	2,346	3,303	2,117	1,562	198	714	193	2,509	-350	-1,314
Consolidated Net Income / (Loss)	2,346	3,303	2,117	1,562	198	714	193	2,509	-350	-1,314
Depreciation Expense	2,219	2,071	2,009	1,842	1,721	1,714	1,725	1,736	1,763	1,738
Non-Cash Adjustments To Reconcile Net Income	429	-505	711	354	1,809	893	1,404	1,089	1,739	2,754
Changes in Operating Assets and Liabilities, net	-20	1,069	52	187	-232	372	-29	-2,245	1,003	-470
Net Cash From Investing Activities	-4,863	-3,891	-3,375	-1,465	-1,558	-2,827	-2,725	100	-891	-3,299
Net Cash From Continuing Investing Activities	-4,863	-3,891	-3,375	-1,465	-1,558	-2,827	-2,725	100	-891	-3,299
Purchase of Property, Plant & Equipment	-2,573	-2,516	-2,253	-1,239	-1,239	-2,109	-3,263	-2,440	-2,051	-3,167
Acquisitions	-2,358	-1,709	-1,099	-266	-325	-1,181	-1,132	-132	-177	-707
Purchase of Investments	-105	-51	-30	-8.00	-	-	-	-	-	-
Divestitures	161	346	0.00	0.00	-	485	1,296	2,267	1,054	0.00
Other Investing Activities, net	12	39	7.00	48	6.00	-22	374	405	253	168
Net Cash From Financing Activities	-2,201	-49	-3,042	-942	-2,085	-745	-1,299	-2,460	-3,194	451
Net Cash From Continuing Financing Activities	-2,201	-49	-3,042	-942	-2,085	-745	-1,299	-2,460	-3,194	451
Repayment of Debt	-3,283	-306	-2,585	-936	-3,874	-926	-3,278	-6,127	-7,264	-7,136
Repurchase of Common Equity	0.00	-130	-9.00	0.00	-	-	-	-	-	-
Payment of Dividends	-2,558	-2,392	-2,275	-2,179	-2,126	-1,966	-1,977	-1,814	-2,201	-2,778
Issuance of Debt	3,594	2,755	1,755	2,155	3,899	767	3,926	3,333	6,119	9,772
Issuance of Common Equity	46	24	72	18	16	1,380	30	2,148	152	197

This table details how cash moves in and out of Williams Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	40	-702	707	-612	-1,483	76	1,523	74	325	-707	726
Net Cash From Operating Activities	1,433	1,218	1,243	1,279	1,234	1,813	1,234	1,377	1,514	1,219	1,490
Net Cash From Continuing Operating Activities	1,433	1,218	1,243	1,279	1,234	1,813	1,234	1,377	1,514	1,219	1,490
Net Income / (Loss) Continuing Operations	729	517	741	426	662	1,168	684	494	957	697	621
Consolidated Net Income / (Loss)	729	517	741	426	662	1,168	684	494	957	697	621
Depreciation Expense	585	565	566	540	548	529	521	515	506	505	500
Non-Cash Adjustments To Reconcile Net Income	66	269	-227	216	171	-202	-67	-5.00	-231	52	132
Changes in Operating Assets and Liabilities, net	53	-133	163	97	-147	318	96	373	282	-35	237
Net Cash From Investing Activities	-1,170	-1,070	-737	-620	-2,436	-1,260	-343	-649	-1,639	-840	-883
Net Cash From Continuing Investing Activities	-1,170	-1,070	-737	-620	-2,436	-1,260	-343	-649	-1,639	-840	-883
Purchase of Property, Plant & Equipment	-1,012	-768	-682	-579	-544	-671	-690	-610	-545	-806	-841
Acquisitions	-164	-262	-170	-23	-1,903	-605	18	-27	-1,095	-26	-40
Purchase of Investments	0.00	-32	-46	-32	5.00	-18	-12	-14	-7.00	-11	-8.00
Divestitures	0.00	-	-	-	-	-2.00	-	-	-	-	-
Other Investing Activities, net	6.00	-8.00	-	14	6.00	36	-7.00	2.00	8.00	3.00	6.00
Net Cash From Financing Activities	-223	-850	201	-1,271	-281	-477	632	-654	450	-1,086	119
Net Cash From Continuing Financing Activities	-223	-850	201	-1,271	-281	-477	632	-654	450	-1,086	119
Repayment of Debt	-1,051	-209	-669	-637	-1,768	107	-17	-12	-384	-512	-1,067
Repurchase of Common Equity	0.00	-	-	-	0.00	-	-	-56	-74	-	-9.00
Payment of Dividends	-679	-643	-627	-645	-643	-583	-606	-603	-600	-581	-564
Issuance of Debt	1,497	-	1,494	1.00	2,099	1.00	1,251	1.00	1,502	3.00	1,747
Issuance of Common Equity	10	2.00	3.00	10	31	-2.00	4.00	16	6.00	4.00	12

This table presents Williams Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	54,532	52,627	48,433	47,612	44,165	46,040	45,302	46,352	46,835	49,020
Total Current Assets	2,661	4,513	3,797	4,549	1,429	1,580	1,464	2,179	1,462	1,527
Cash & Equivalents	60	2,150	152	1,680	142	289	168	899	170	100
Accounts Receivable	1,863	1,655	2,723	1,978	999	996	992	976	938	1,041
Inventories, net	279	274	320	379	136	125	130	113	138	127
Other Current Assets	459	434	602	512	152	170	174	191	216	259
Plant, Property, & Equipment, net	38,692	34,311	30,889	29,258	28,929	29,200	27,504	28,211	28,428	29,579
Total Noncurrent Assets	13,179	13,803	13,747	13,805	13,807	15,260	16,334	15,962	16,945	17,914
Goodwill	7,209	7,593	7,363	7,402	7,444	7,959	7,767	8,791	9,663	10,017
Other Noncurrent Operating Assets	5,970	6,210	6,384	6,403	6,363	1,066	746	619	581	561
Total Liabilities & Shareholders' Equity	54,532	52,627	48,433	47,612	44,165	46,040	45,302	46,352	46,835	49,020
Total Liabilities	39,692	37,736	34,388	33,511	29,582	29,676	29,305	30,177	32,789	32,795
Total Current Liabilities	5,312	5,830	4,890	4,972	2,319	3,968	1,811	2,646	2,949	2,497
Short-Term Debt	2,175	3,062	977	2,025	893	2,140	47	501	878	675
Accounts Payable	1,613	1,379	2,327	1,746	482	552	662	978	623	744
Other Current Liabilities	1,524	1,389	316	166	-	-	-	-	-	-
Total Noncurrent Liabilities	34,380	31,906	29,498	28,539	27,263	25,708	27,494	27,531	29,840	30,298
Long-Term Debt	24,736	23,376	21,927	21,650	21,451	20,148	22,367	20,434	22,624	23,812
Noncurrent Deferred Revenue	5,268	4,684	4,684	4,436	3,889	3,778	3,603	3,950	2,978	2,268
Noncurrent Deferred & Payable Income Tax Liabilities	4,376	3,846	2,887	2,453	1,923	1,782	1,524	3,147	4,238	4,218
Other Noncurrent Operating Liabilities	0.00	0.00	-	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,840	14,891	14,045	14,101	14,583	16,364	15,997	16,175	14,046	16,225
Total Preferred & Common Equity	12,436	12,402	11,485	11,423	11,769	13,363	14,660	9,656	4,643	6,148
Preferred Stock	35	35	35	35	35	35	35	0.00	-	-
Total Common Equity	12,401	12,367	11,450	11,388	11,734	13,328	14,625	9,656	4,643	6,148
Common Stock	25,901	25,834	25,795	25,699	25,619	25,570	25,938	19,369	15,672	15,591
Retained Earnings	-12,396	-12,287	-13,271	-13,237	-12,748	-11,002	-10,002	-8,434	-9,649	-7,960
Treasury Stock	-1,180	-1,180	-1,050	-1,041	-1,041	-1,041	-1,041	-1,041	-1,041	-1,041
Accumulated Other Comprehensive Income / (Loss)	76	0.00	-24	-33	-96	-199	-270	-238	-339	-442
Noncontrolling Interest	2,404	2,489	2,560	2,678	2,814	3,001	1,337	6,519	9,403	10,077

This table presents Williams Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	54,924	54,532	53,837	52,409	52,747	52,627	50,788	49,025	48,936	48,433	48,672
Total Current Assets	2,535	2,661	2,698	2,115	2,610	4,513	4,256	2,639	2,757	3,797	4,438
Cash & Equivalents	100	60	762	55	667	2,150	2,074	551	477	152	859
Accounts Receivable	1,781	1,863	1,310	1,398	1,355	1,655	1,419	1,362	1,524	2,723	2,659
Inventories, net	249	279	275	274	239	274	266	259	244	320	447
Other Current Assets	405	459	351	388	349	434	497	467	512	602	473
Plant, Property, & Equipment, net	39,155	38,692	37,974	36,702	36,451	34,311	32,628	32,346	32,095	30,889	30,338
Plant, Property & Equipment, gross	58,313	-	56,479	54,930	54,305	-	50,805	50,240	49,546	-	46,186
Accumulated Depreciation	19,158	-	18,505	18,228	17,854	-	18,177	17,894	17,451	-	15,848
Total Noncurrent Assets	13,234	13,179	13,165	13,592	13,686	13,803	13,904	14,040	14,084	13,747	13,896
Goodwill	7,115	7,209	7,305	7,402	7,496	7,593	7,459	7,573	7,660	7,363	7,493
Other Noncurrent Operating Assets	6,119	5,970	5,860	6,190	6,190	6,210	6,445	6,467	6,424	6,384	6,403
Total Liabilities & Shareholders' Equity	54,924	54,532	53,837	52,409	52,747	52,627	50,788	49,025	48,936	48,433	48,672
Total Liabilities	40,059	39,692	38,972	37,663	37,817	37,736	36,445	34,816	34,613	34,388	34,762
Total Current Liabilities	6,266	5,312	4,719	4,696	4,981	5,830	5,526	5,384	4,020	4,890	5,017
Short-Term Debt	3,289	2,175	2,284	2,166	2,787	3,062	2,879	2,877	1,627	977	877
Accounts Payable	1,551	1,613	1,137	1,192	1,042	1,379	1,358	1,146	1,258	2,327	2,613
Other Current Liabilities	1,426	1,524	95	109	75	1,389	123	143	180	316	-
Total Noncurrent Liabilities	33,793	34,380	34,253	32,967	32,836	31,906	30,919	29,432	30,593	29,498	29,745
Long-Term Debt	24,122	24,736	24,825	24,096	24,100	23,376	22,772	21,532	22,785	21,927	22,530
Noncurrent Deferred Revenue	5,189	5,268	5,116	4,764	4,735	4,684	4,651	4,575	4,631	4,684	4,578
Noncurrent Deferred & Payable Income Tax Liabilities	4,482	4,376	4,312	4,107	4,001	3,846	3,496	3,325	3,177	2,887	2,637
Other Noncurrent Operating Liabilities	0.00	0.00	-	-	-	0.00	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,865	14,840	14,865	14,746	14,930	14,891	14,343	14,209	14,323	14,045	13,910
Total Preferred & Common Equity	12,487	12,436	12,428	12,296	12,449	12,402	11,845	11,679	11,785	11,485	11,319
Preferred Stock	35	35	35	35	35	35	35	35	35	35	35
Total Common Equity	12,452	12,401	12,393	12,261	12,414	12,367	11,810	11,644	11,750	11,450	11,284
Common Stock	25,876	25,901	25,869	25,847	25,822	25,834	25,818	25,794	25,772	25,795	25,780
Retained Earnings	-12,320	-12,396	-12,296	-12,419	-12,238	-12,287	-12,876	-12,982	-12,895	-13,271	-13,419
Treasury Stock	-1,180	-1,180	-1,180	-1,180	-1,180	-1,180	-1,180	-1,180	-1,124	-1,050	-1,050
Accumulated Other Comprehensive Income / (Loss)	76	76	0.00	13	10	0.00	48	12	-3.00	-24	-27
Noncontrolling Interest	2,378	2,404	2,437	2,450	2,481	2,489	2,498	2,530	2,538	2,560	2,591

This table displays calculated financial ratios and metrics derived from Williams Companies' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.70%	-0.53%	3.18%	37.67%	-5.88%	-5.58%	8.16%	7.09%	1.89%	-3.63%
EBITDA Growth	-19.23%	39.05%	12.64%	15.44%	5.78%	41.90%	-2.01%	3.98%	22.80%	-25.58%
EBIT Growth	-30.28%	62.85%	15.13%	22.14%	10.49%	127.21%	-4.66%	16.54%	135.98%	-79.50%
NOPAT Growth	-21.16%	32.39%	26.78%	25.95%	19.59%	193.92%	-89.70%	801.38%	204.87%	-84.52%
Net Income Growth	-28.97%	56.02%	35.53%	688.89%	-72.27%	269.95%	-92.31%	816.86%	73.36%	-156.18%
EPS Growth	-30.00%	55.69%	34.68%	629.41%	-75.71%	537.50%	-106.11%	559.65%	25.00%	-126.03%
Operating Cash Flow Growth	-16.23%	21.46%	23.93%	12.84%	-5.33%	12.15%	6.60%	-25.66%	53.43%	28.04%
Free Cash Flow Firm Growth	-88.22%	-47.84%	-32.16%	186.65%	-690.87%	-23.68%	-105.87%	74.13%	81,186.84%	99.98%
Invested Capital Growth	6.41%	6.47%	1.94%	-1.87%	14.50%	5.61%	2.57%	-3.32%	-7.81%	0.49%
Revenue Q/Q Growth	-0.39%	-1.32%	-2.90%	12.31%	-0.19%	-1.17%	-0.28%	0.38%	2.63%	-1.80%
EBITDA Q/Q Growth	-12.49%	9.18%	4.06%	11.67%	6.53%	32.18%	-11.32%	-25.77%	106.09%	-36.59%
EBIT Q/Q Growth	-19.69%	12.93%	5.05%	20.58%	12.57%	83.47%	-28.15%	-50.14%	241.76%	-79.40%
NOPAT Q/Q Growth	-5.72%	1.09%	2.77%	20.74%	537.21%	70.40%	-91.51%	213.00%	209.37%	-84.29%
Net Income Q/Q Growth	-21.72%	16.63%	3.17%	47.36%	164.29%	177.82%	-92.71%	171.54%	79.70%	-496.98%
EPS Q/Q Growth	-22.55%	17.12%	1.83%	49.40%	0.00%	2,433.33%	-106.40%	359.65%	62.00%	-240.74%
Operating Cash Flow Q/Q Growth	-10.68%	11.12%	1.66%	0.64%	3.65%	0.79%	3.26%	-27.98%	52.81%	-12.56%
Free Cash Flow Firm Q/Q Growth	121.85%	-48.33%	159.81%	-0.87%	-461.42%	46.50%	-113.70%	7.16%	116.08%	-100.24%
Invested Capital Q/Q Growth	1.16%	3.32%	0.93%	16.51%	14.83%	-1.57%	-2.31%	5.31%	-3.48%	-1.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.83%	81.34%	68.47%	62.06%	79.10%	74.81%	67.26%	71.36%	77.00%	75.83%
EBITDA Margin	53.95%	64.32%	46.01%	42.15%	50.27%	44.73%	29.76%	32.85%	33.83%	28.07%
Operating Margin	31.79%	39.53%	27.52%	24.76%	28.53%	23.42%	8.84%	11.54%	9.19%	3.07%
EBIT Margin	32.82%	45.33%	27.69%	24.81%	27.97%	23.83%	9.90%	11.23%	10.32%	4.46%
Profit (Net Income) Margin	22.34%	30.28%	19.31%	14.70%	2.57%	8.71%	2.22%	31.24%	-4.67%	-17.85%
Tax Burden Percent	78.57%	74.98%	83.28%	75.35%	71.48%	67.11%	58.31%	468.97%	93.33%	76.71%
Interest Burden Percent	86.63%	89.10%	83.73%	78.61%	12.83%	54.45%	38.49%	59.31%	-48.45%	-522.26%
Effective Tax Rate	21.43%	22.82%	16.72%	24.65%	28.52%	31.49%	41.69%	-368.97%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.49%	8.76%	6.90%	5.44%	4.57%	4.21%	1.49%	14.41%	1.51%	0.48%
ROIC Less NNEP Spread (ROIC-NNEP)	5.40%	8.66%	5.12%	3.54%	-2.68%	0.22%	-0.34%	2.20%	-3.43%	-9.34%
Return on Net Nonoperating Assets (RNNOA)	9.29%	14.07%	8.15%	5.45%	-3.29%	0.20%	-0.29%	2.19%	-3.82%	-7.70%
Return on Equity (ROE)	15.78%	22.83%	15.04%	10.89%	1.28%	4.41%	1.20%	16.60%	-2.31%	-7.22%
Cash Return on Invested Capital (CROIC)	0.28%	2.49%	4.97%	7.33%	-8.95%	-1.25%	-1.05%	17.79%	9.64%	-0.01%
Operating Return on Assets (OROA)	6.43%	9.78%	6.32%	5.75%	4.79%	4.28%	1.88%	1.94%	1.61%	0.66%
Return on Assets (ROA)	4.38%	6.54%	4.41%	3.40%	0.44%	1.56%	0.42%	5.38%	-0.73%	-2.64%
Return on Common Equity (ROCE)	13.15%	18.79%	12.21%	8.78%	1.04%	3.81%	0.91%	7.86%	-0.82%	-2.96%
Return on Equity Simple (ROE_SIMPLE)	18.86%	26.63%	18.43%	13.67%	1.68%	5.34%	1.32%	25.98%	-7.54%	-21.37%
Net Operating Profit after Tax (NOPAT)	2,623	3,327	2,513	1,982	1,574	1,316	448	4,347	482	158
NOPAT Margin	24.98%	30.51%	22.92%	18.65%	20.39%	16.05%	5.16%	54.13%	6.43%	2.15%
Net Nonoperating Expense Percent (NNEP)	1.08%	0.10%	1.77%	1.90%	7.25%	3.99%	1.83%	12.21%	4.94%	9.82%
Return On Investment Capital (ROIC_SIMPLE)	6.28%	8.05%	6.80%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	20.17%	18.66%	31.53%	37.94%	20.90%	25.19%	32.74%	28.64%	23.00%	24.17%
SG&A Expenses to Revenue	27.49%	24.29%	22.37%	19.82%	23.22%	24.70%	23.90%	27.02%	30.86%	32.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	48.04%	41.82%	40.95%	37.30%	50.58%	51.38%	58.42%	59.82%	67.81%	72.76%
Earnings before Interest and Taxes (EBIT)	3,447	4,944	3,036	2,637	2,159	1,954	860	902	774	328
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,666	7,015	5,045	4,479	3,880	3,668	2,585	2,638	2,537	2,066
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.32	3.28	3.17	2.44	1.71	1.64	1.31	1.77	3.28	1.89
Price to Tangible Book Value (P/TBV)	12.71	8.49	8.88	6.97	4.68	4.06	2.78	19.80	0.00	0.00
Price to Revenue (P/Rev)	6.28	3.72	3.31	2.62	2.60	2.66	2.20	2.13	2.03	1.58
Price to Earnings (P/E)	29.69	12.77	17.75	18.36	96.45	25.77	0.00	7.88	0.00	0.00
Dividend Yield	3.51%	5.37%	5.70%	7.17%	9.68%	8.44%	8.62%	5.79%	8.27%	15.83%
Earnings Yield	3.37%	7.83%	5.64%	5.45%	1.04%	3.88%	0.00%	12.69%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.29	1.72	1.68	1.45	1.23	1.26	1.15	1.25	1.35	1.16
Enterprise Value to Revenue (EV/Rev)	9.07	6.18	5.62	4.94	5.84	4.95	4.02	4.62	5.50	5.26
Enterprise Value to EBITDA (EV/EBITDA)	16.81	9.60	12.22	11.72	11.63	11.08	13.50	14.08	16.27	18.75
Enterprise Value to EBIT (EV/EBIT)	27.64	13.63	20.31	19.91	20.90	20.79	40.57	41.16	53.33	118.09
Enterprise Value to NOPAT (EV/NOPAT)	36.31	20.25	24.53	26.48	28.66	30.87	77.91	8.54	85.59	244.84
Enterprise Value to Operating Cash Flow (EV/OCF)	19.15	11.34	12.61	13.31	12.90	11.00	10.59	12.02	9.94	14.30
Enterprise Value to Free Cash Flow (EV/FCFF)	855.60	71.25	34.02	19.65	0.00	0.00	0.00	6.92	13.40	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.81	1.78	1.63	1.68	1.53	1.36	1.40	1.29	1.67	1.51
Long-Term Debt to Equity	1.67	1.57	1.56	1.54	1.47	1.23	1.40	1.26	1.61	1.47
Financial Leverage	1.72	1.63	1.59	1.54	1.23	0.93	0.87	1.00	1.11	0.82
Leverage Ratio	3.60	3.49	3.41	3.20	2.91	2.82	2.85	3.08	3.17	2.73
Compound Leverage Factor	3.12	3.11	2.86	2.52	0.37	1.54	1.10	1.83	-1.53	-14.27
Debt to Total Capital	64.46%	63.97%	61.99%	62.67%	60.51%	57.66%	58.35%	56.41%	62.59%	60.15%
Short-Term Debt to Total Capital	5.21%	7.41%	2.64%	5.36%	2.42%	5.54%	0.12%	1.35%	2.34%	1.66%
Long-Term Debt to Total Capital	59.25%	56.56%	59.34%	57.31%	58.09%	52.13%	58.23%	55.06%	60.25%	58.49%
Preferred Equity to Total Capital	0.08%	0.08%	0.09%	0.09%	0.09%	0.09%	0.09%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.76%	6.02%	6.93%	7.09%	7.62%	7.76%	3.48%	17.57%	25.04%	24.75%
Common Equity to Total Capital	29.70%	29.92%	30.99%	30.15%	31.78%	34.48%	38.08%	26.02%	12.37%	15.10%
Debt to EBITDA	4.75	3.77	4.54	5.29	5.76	6.08	8.67	7.94	9.26	11.85
Net Debt to EBITDA	4.74	3.46	4.51	4.91	5.72	4.30	5.58	5.11	6.56	8.25
Long-Term Debt to EBITDA	4.37	3.33	4.35	4.83	5.53	5.49	8.65	7.75	8.92	11.53
Debt to NOPAT	10.26	7.95	9.11	11.94	14.20	16.93	50.05	4.82	48.73	154.79
Net Debt to NOPAT	10.24	7.30	9.05	11.09	14.11	11.98	32.21	3.10	34.48	107.78
Long-Term Debt to NOPAT	9.43	7.03	8.72	10.92	13.63	15.31	49.95	4.70	46.91	150.52
Altman Z-Score	1.02	0.81	0.66	0.50	0.31	0.36	0.33	0.31	0.17	0.13
Noncontrolling Interest Sharing Ratio	16.69%	17.69%	18.86%	19.39%	19.02%	13.62%	24.53%	52.69%	64.35%	58.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.77	0.78	0.91	0.62	0.40	0.81	0.82	0.50	0.61
Quick Ratio	0.36	0.65	0.59	0.74	0.49	0.32	0.64	0.71	0.38	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	111	945	1,812	2,671	-3,083	-390	-315	5,365	3,081	-3.80
Operating Cash Flow to CapEx	193.32%	236.01%	217.00%	318.40%	282.16%	175.11%	100.92%	126.60%	205.59%	85.59%
Free Cash Flow to Firm to Interest Expense	0.08	0.76	1.58	2.27	-2.63	-0.33	-0.28	4.95	2.61	0.00
Operating Cash Flow to Interest Expense	3.65	4.80	4.26	3.35	2.98	3.11	2.96	2.85	3.52	2.59
Operating Cash Flow Less CapEx to Interest Expense	1.76	2.77	2.30	2.30	1.93	1.34	0.03	0.60	1.81	-0.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.22	0.23	0.23	0.17	0.18	0.19	0.17	0.16	0.15
Accounts Receivable Turnover	5.97	4.98	4.67	7.14	7.74	8.25	8.83	8.39	7.58	0.00
Inventory Turnover	7.66	6.85	9.89	15.66	12.36	16.20	23.41	18.33	13.02	9.94
Fixed Asset Turnover	0.29	0.33	0.36	0.37	0.27	0.29	0.31	0.28	0.26	0.26
Accounts Payable Turnover	1.42	1.10	1.70	3.62	3.12	3.40	3.47	2.87	2.52	2.21
Days Sales Outstanding (DSO)	61.13	73.25	78.24	51.12	47.17	44.24	41.35	43.49	48.16	0.00
Days Inventory Outstanding (DIO)	47.65	53.27	36.90	23.31	29.53	22.53	15.59	19.92	28.04	36.73
Days Payable Outstanding (DPO)	257.81	332.36	215.02	100.85	116.99	107.24	105.24	127.04	144.62	165.06
Cash Conversion Cycle (CCC)	-149.03	-205.83	-99.88	-26.41	-40.29	-40.47	-48.30	-63.63	-68.43	-128.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	41,691	39,179	36,797	36,096	36,785	32,128	30,422	29,659	30,677	33,276
Invested Capital Turnover	0.26	0.29	0.30	0.29	0.22	0.26	0.29	0.27	0.23	0.22
Increase / (Decrease) in Invested Capital	2,512	2,382	701	-689	4,657	1,706	763	-1,018	-2,599	162
Enterprise Value (EV)	95,263	67,365	61,656	52,498	45,112	40,625	34,888	37,130	41,281	38,734
Market Capitalization	65,973	40,553	36,309	27,790	20,061	21,825	19,091	17,127	15,247	11,606
Book Value per Share	$10.17	$10.17	$9.40	$9.37	$9.67	$11.00	$12.08	$11.68	$6.18	$8.20
Tangible Book Value per Share	$4.26	$3.92	$3.35	$3.28	$3.54	$4.43	$5.67	$1.05	($6.69)	($5.16)
Total Capital	41,751	41,329	36,949	37,776	36,927	38,652	38,411	37,110	37,548	40,712
Total Debt	26,911	26,438	22,904	23,675	22,344	22,288	22,414	20,935	23,502	24,487
Total Long-Term Debt	24,736	23,376	21,927	21,650	21,451	20,148	22,367	20,434	22,624	23,812
Net Debt	26,851	24,288	22,752	21,995	22,202	15,764	14,425	13,484	16,631	17,051
Capital Expenditures (CapEx)	2,573	2,516	2,253	1,239	1,239	2,109	3,263	2,440	2,021	3,164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-536	-405	-268	-78	-139	-537	-468	-865	-779	-395
Debt-free Net Working Capital (DFNWC)	-476	1,745	-116	1,602	3.00	-248	-300	34	-609	-295
Net Working Capital (NWC)	-2,651	-1,317	-1,093	-423	-890	-2,388	-347	-467	-1,487	-970
Net Nonoperating Expense (NNE)	277	24	396	420	1,376	602	255	1,838	832	1,472
Net Nonoperating Obligations (NNO)	26,851	24,288	22,752	21,995	22,202	15,764	14,425	13,484	16,631	17,051
Total Depreciation and Amortization (D&A)	2,219	2,071	2,009	1,842	1,721	1,714	1,725	1,736	1,763	1,738
Debt-free, Cash-free Net Working Capital to Revenue	-5.10%	-3.71%	-2.44%	-0.73%	-1.80%	-6.55%	-5.39%	-10.77%	-10.39%	-5.37%
Debt-free Net Working Capital to Revenue	-4.53%	16.00%	-1.06%	15.07%	0.04%	-3.02%	-3.45%	0.42%	-8.12%	-4.01%
Net Working Capital to Revenue	-25.24%	-12.07%	-9.97%	-3.98%	-11.53%	-29.12%	-3.99%	-5.82%	-19.83%	-13.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.82	$2.61	$1.68	$1.25	$0.17	$0.70	($0.16)	$2.63	($0.57)	($0.76)
Adjusted Weighted Average Basic Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.21B	1.21B	973.63M	826.18M	750.67M	749.27M
Adjusted Diluted Earnings per Share	$1.82	$2.60	$1.67	$1.24	$0.17	$0.70	($0.16)	$2.62	($0.57)	($0.76)
Adjusted Weighted Average Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.21B	973.63M	828.52M	750.67M	749.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.70	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	2.43B	1.21B	1.21B	827.33M	825.82M	750.07M
Normalized Net Operating Profit after Tax (NOPAT)	2,623	3,327	2,513	1,982	1,838	1,634	1,161	756	1,093	985
Normalized NOPAT Margin	24.98%	30.51%	22.92%	18.65%	23.81%	19.93%	13.37%	9.41%	14.58%	13.38%
Pre Tax Income Margin	28.43%	40.39%	23.18%	19.51%	3.59%	12.97%	3.81%	6.66%	-5.00%	-23.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.53	4.00	2.65	2.24	1.84	1.65	0.77	0.83	0.66	0.31
NOPAT to Interest Expense	1.92	2.69	2.19	1.68	1.34	1.11	0.40	4.01	0.41	0.15
EBIT Less CapEx to Interest Expense	0.64	1.96	0.68	1.19	0.79	-0.13	-2.16	-1.42	-1.06	-2.72
NOPAT Less CapEx to Interest Expense	0.04	0.66	0.23	0.63	0.29	-0.67	-2.53	1.76	-1.31	-2.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	109.04%	72.42%	107.46%	139.50%	1,073.74%	275.35%	1,024.35%	72.30%	-628.86%	-211.42%
Augmented Payout Ratio	109.04%	76.35%	107.89%	139.50%	1,073.74%	275.35%	1,024.35%	72.30%	-628.86%	-211.42%

This table displays calculated financial ratios and metrics derived from Williams Companies' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.00%	-1.47%	3.67%	-5.92%	-10.06%	-4.98%	-15.29%	-0.28%	22.07%	-10.04%	22.06%
EBITDA Growth	6.41%	-37.11%	-7.12%	-9.62%	-15.64%	37.11%	17.58%	42.68%	63.01%	14.14%	55.32%
EBIT Growth	6.23%	-51.18%	-15.14%	-18.00%	-24.42%	52.17%	25.80%	85.98%	109.41%	15.55%	126.74%
NOPAT Growth	10.39%	-18.46%	-18.88%	-20.10%	-25.29%	5.48%	11.35%	25.99%	108.63%	9.89%	161.35%
Net Income Growth	10.12%	-55.74%	8.33%	-13.77%	-30.83%	67.58%	10.14%	21.38%	144.13%	10.28%	258.96%
EPS Growth	7.69%	-57.61%	7.41%	-13.16%	-31.58%	70.37%	10.20%	15.15%	145.16%	5.88%	276.92%
Operating Cash Flow Growth	16.13%	-32.82%	0.73%	-7.12%	-18.49%	48.73%	-17.18%	25.41%	39.93%	7.02%	78.66%
Free Cash Flow Firm Growth	92.36%	-18.18%	-294.90%	-139.88%	-48.88%	-1,972.71%	85.92%	79.20%	63.10%	-94.08%	-459.75%
Invested Capital Growth	2.49%	6.41%	8.68%	7.58%	7.56%	6.47%	4.01%	4.53%	6.89%	1.94%	17.67%
Revenue Q/Q Growth	11.12%	3.39%	13.57%	-15.70%	-0.47%	8.79%	3.06%	-19.41%	5.15%	-3.01%	21.33%
EBITDA Q/Q Growth	23.49%	-4.46%	13.08%	-20.24%	-27.02%	41.10%	10.04%	-25.56%	18.62%	21.00%	33.54%
EBIT Q/Q Growth	37.47%	-7.25%	19.20%	-30.11%	-36.83%	61.23%	15.19%	-35.58%	27.19%	33.29%	70.29%
NOPAT Q/Q Growth	28.28%	5.12%	20.08%	-31.82%	-5.25%	4.58%	18.28%	-36.25%	33.77%	10.39%	33.83%
Net Income Q/Q Growth	41.01%	-30.23%	73.94%	-35.65%	-43.32%	70.76%	38.46%	-48.38%	37.30%	12.24%	52.58%
EPS Q/Q Growth	43.59%	-32.76%	75.76%	-36.54%	-43.48%	70.37%	42.11%	-50.00%	40.74%	10.20%	48.48%
Operating Cash Flow Q/Q Growth	17.65%	-2.01%	-2.81%	3.65%	-31.94%	46.92%	-10.38%	-9.05%	24.20%	-18.19%	35.70%
Free Cash Flow Firm Q/Q Growth	91.24%	30.67%	-12.70%	-11.54%	-35.59%	-131.68%	31.54%	30.77%	-1,805.61%	101.74%	-1.11%
Invested Capital Q/Q Growth	1.16%	1.16%	0.63%	-0.48%	5.03%	3.32%	-0.39%	-0.50%	3.97%	0.93%	0.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	78.90%	77.32%	80.25%	81.12%	80.84%	83.91%	79.88%	81.27%	80.30%	75.84%	66.27%
EBITDA Margin	55.54%	49.98%	54.09%	54.32%	57.42%	78.30%	60.38%	56.54%	61.21%	54.27%	43.50%
Operating Margin	35.89%	28.91%	31.59%	29.79%	36.52%	39.04%	38.84%	35.04%	44.14%	36.59%	27.14%
EBIT Margin	36.35%	29.38%	32.76%	31.21%	37.64%	59.30%	40.02%	35.80%	44.79%	37.03%	26.94%
Profit (Net Income) Margin	23.92%	18.85%	27.93%	18.24%	23.89%	41.95%	26.73%	19.90%	31.06%	23.79%	20.56%
Tax Burden Percent	79.07%	85.03%	76.55%	76.76%	77.43%	75.50%	79.44%	65.34%	77.12%	73.14%	86.61%
Interest Burden Percent	83.21%	75.43%	111.39%	76.13%	81.98%	93.70%	84.08%	85.04%	89.93%	87.83%	88.08%
Effective Tax Rate	20.93%	14.97%	23.45%	23.24%	22.57%	23.92%	20.44%	23.15%	22.88%	26.86%	13.39%
Return on Invested Capital (ROIC)	7.34%	6.39%	6.44%	6.05%	7.55%	8.53%	9.18%	8.33%	10.59%	8.05%	7.87%
ROIC Less NNEP Spread (ROIC-NNEP)	6.83%	5.77%	6.84%	5.62%	7.06%	9.98%	8.72%	7.57%	10.19%	7.66%	7.42%
Return on Net Nonoperating Assets (RNNOA)	12.28%	9.93%	11.70%	9.71%	12.11%	16.22%	14.24%	12.54%	16.48%	12.18%	10.56%
Return on Equity (ROE)	19.62%	16.31%	18.14%	15.76%	19.66%	24.75%	23.42%	20.87%	27.08%	20.23%	18.44%
Cash Return on Invested Capital (CROIC)	4.03%	0.28%	-1.29%	0.11%	0.43%	2.49%	4.92%	4.19%	1.58%	4.97%	-8.99%
Operating Return on Assets (OROA)	7.28%	5.76%	6.60%	6.43%	7.85%	12.80%	8.89%	8.54%	10.87%	8.46%	6.43%
Return on Assets (ROA)	4.79%	3.69%	5.63%	3.76%	4.98%	9.06%	5.94%	4.74%	7.54%	5.43%	4.90%
Return on Common Equity (ROCE)	16.38%	13.59%	15.03%	13.01%	16.24%	20.37%	19.15%	16.99%	22.04%	16.42%	14.87%
Return on Equity Simple (ROE_SIMPLE)	19.32%	0.00%	24.11%	23.91%	24.16%	0.00%	23.91%	23.71%	22.76%	0.00%	18.13%
Net Operating Profit after Tax (NOPAT)	865	674	641	534	784	827	791	669	1,049	784	710
NOPAT Margin	28.38%	24.58%	24.18%	22.87%	28.28%	29.71%	30.90%	26.93%	34.04%	26.76%	23.51%
Net Nonoperating Expense Percent (NNEP)	0.51%	0.62%	-0.40%	0.43%	0.48%	-1.45%	0.46%	0.75%	0.40%	0.39%	0.45%
Return On Investment Capital (ROIC_SIMPLE)	2.05%	1.62%	-	-	-	2.00%	-	-	-	2.12%	-
Cost of Revenue to Revenue	21.10%	22.68%	19.75%	18.88%	19.16%	16.09%	20.13%	18.73%	19.70%	24.16%	33.73%
SG&A Expenses to Revenue	24.15%	27.49%	28.27%	29.37%	25.15%	25.14%	26.10%	25.86%	20.74%	21.54%	21.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.01%	48.41%	48.66%	51.33%	44.32%	44.86%	41.03%	46.23%	36.16%	39.25%	39.13%
Earnings before Interest and Taxes (EBIT)	1,108	806	869	729	1,043	1,651	1,024	889	1,380	1,085	814
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,693	1,371	1,435	1,269	1,591	2,180	1,545	1,404	1,886	1,590	1,314
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.85	5.32	4.49	4.22	3.78	3.28	3.31	3.25	2.90	3.17	2.82
Price to Tangible Book Value (P/TBV)	13.65	12.71	10.94	10.66	9.53	8.49	8.98	9.28	8.34	8.88	8.39
Price to Revenue (P/Rev)	6.76	6.28	5.28	4.96	4.42	3.72	3.53	3.28	2.96	3.31	2.82
Price to Earnings (P/E)	31.95	29.69	19.36	18.35	16.27	12.77	14.43	14.25	13.15	17.75	15.91
Dividend Yield	3.22%	3.51%	4.10%	4.34%	4.72%	5.37%	5.50%	5.62%	6.15%	5.70%	6.45%
Earnings Yield	3.13%	3.37%	5.17%	5.45%	6.15%	7.83%	6.93%	7.02%	7.60%	5.64%	6.28%
Enterprise Value to Invested Capital (EV/IC)	2.43	2.29	2.05	1.97	1.84	1.72	1.72	1.69	1.58	1.68	1.56
Enterprise Value to Revenue (EV/Rev)	9.52	9.07	8.01	7.70	7.13	6.18	5.90	5.58	5.26	5.62	5.05
Enterprise Value to EBITDA (EV/EBITDA)	17.79	16.81	13.04	12.22	11.25	9.60	10.14	10.37	10.50	12.22	11.75
Enterprise Value to EBIT (EV/EBIT)	29.21	27.64	19.68	18.10	16.41	13.63	14.89	15.41	16.13	20.31	19.72
Enterprise Value to NOPAT (EV/NOPAT)	37.94	36.31	30.36	27.49	24.69	20.25	19.80	20.00	19.86	24.53	23.30
Enterprise Value to Operating Cash Flow (EV/OCF)	19.83	19.15	15.17	14.48	13.36	11.34	12.20	11.47	11.39	12.61	11.85
Enterprise Value to Free Cash Flow (EV/FCFF)	61.15	855.60	0.00	1,935.16	445.39	71.25	35.62	41.13	103.35	34.02	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.84	1.81	1.82	1.78	1.80	1.78	1.79	1.72	1.70	1.63	1.68
Long-Term Debt to Equity	1.62	1.67	1.67	1.63	1.61	1.57	1.59	1.52	1.59	1.56	1.62
Financial Leverage	1.80	1.72	1.71	1.73	1.71	1.63	1.63	1.66	1.62	1.59	1.42
Leverage Ratio	3.61	3.60	3.58	3.50	3.48	3.49	3.52	3.44	3.36	3.41	3.40
Compound Leverage Factor	3.01	2.72	3.99	2.67	2.85	3.27	2.96	2.93	3.02	3.00	3.00
Debt to Total Capital	64.84%	64.46%	64.59%	64.04%	64.30%	63.97%	64.14%	63.21%	63.02%	61.99%	62.72%
Short-Term Debt to Total Capital	7.78%	5.21%	5.44%	5.28%	6.66%	7.41%	7.20%	7.45%	4.20%	2.64%	2.35%
Long-Term Debt to Total Capital	57.06%	59.25%	59.14%	58.76%	57.63%	56.56%	56.94%	55.76%	58.82%	59.34%	60.37%
Preferred Equity to Total Capital	0.08%	0.08%	0.08%	0.09%	0.08%	0.08%	0.09%	0.09%	0.09%	0.09%	0.09%
Noncontrolling Interests to Total Capital	5.62%	5.76%	5.81%	5.97%	5.93%	6.02%	6.25%	6.55%	6.55%	6.93%	6.94%
Common Equity to Total Capital	29.45%	29.70%	29.53%	29.90%	29.69%	29.92%	29.53%	30.15%	30.33%	30.99%	30.24%
Debt to EBITDA	4.75	4.75	4.19	3.99	4.00	3.77	3.99	3.94	4.23	4.54	4.83
Net Debt to EBITDA	4.73	4.74	4.07	3.98	3.90	3.46	3.67	3.85	4.15	4.51	4.65
Long-Term Debt to EBITDA	4.18	4.37	3.83	3.66	3.59	3.33	3.54	3.48	3.95	4.35	4.65
Debt to NOPAT	10.14	10.26	9.74	8.97	8.78	7.95	7.79	7.60	8.00	9.11	9.57
Net Debt to NOPAT	10.10	10.24	9.47	8.95	8.56	7.30	7.16	7.43	7.84	9.05	9.22
Long-Term Debt to NOPAT	8.92	9.43	8.92	8.23	7.87	7.03	6.92	6.71	7.47	8.72	9.21
Altman Z-Score	0.96	0.86	0.74	0.68	0.63	0.60	0.54	0.51	0.52	0.52	0.44
Noncontrolling Interest Sharing Ratio	16.54%	16.69%	17.14%	17.44%	17.40%	17.69%	18.26%	18.58%	18.60%	18.86%	19.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.40	0.50	0.57	0.45	0.52	0.77	0.77	0.49	0.69	0.78	0.88
Quick Ratio	0.30	0.36	0.44	0.31	0.41	0.65	0.63	0.36	0.50	0.59	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-161	-1,838	-2,651	-2,352	-2,108	-1,555	-671	-980	-1,416	83	-4,766
Operating Cash Flow to CapEx	141.60%	158.59%	182.26%	220.90%	226.84%	270.19%	178.84%	225.74%	277.80%	151.24%	177.17%
Free Cash Flow to Firm to Interest Expense	-0.46	-5.44	-7.84	-6.94	-6.04	-4.83	-2.14	-3.20	-4.82	0.29	-16.38
Operating Cash Flow to Interest Expense	4.11	3.60	3.68	3.77	3.54	5.63	3.93	4.50	5.15	4.22	5.12
Operating Cash Flow Less CapEx to Interest Expense	1.21	1.33	1.66	2.06	1.98	3.55	1.73	2.51	3.30	1.43	2.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.20	0.20	0.21	0.21	0.22	0.22	0.24	0.24	0.23	0.24
Accounts Receivable Turnover	6.88	5.97	7.73	7.57	7.36	4.98	5.42	5.55	6.59	4.67	4.86
Inventory Turnover	9.14	7.66	7.19	7.26	8.11	6.85	6.44	8.89	14.52	9.89	9.92
Fixed Asset Turnover	0.29	0.29	0.30	0.30	0.31	0.33	0.35	0.37	0.38	0.36	0.38
Accounts Payable Turnover	1.72	1.42	1.56	1.66	1.70	1.10	1.16	1.54	2.27	1.70	1.89
Days Sales Outstanding (DSO)	53.09	61.13	47.23	48.20	49.58	73.25	67.33	65.71	55.39	78.24	75.07
Days Inventory Outstanding (DIO)	39.94	47.65	50.79	50.27	45.00	53.27	56.70	41.08	25.14	36.90	36.80
Days Payable Outstanding (DPO)	212.21	257.81	234.23	220.51	214.27	332.36	315.78	237.47	160.53	215.02	193.56
Cash Conversion Cycle (CCC)	-119.18	-149.03	-136.20	-122.04	-119.69	-205.83	-191.75	-130.68	-80.00	-99.88	-81.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	42,176	41,691	41,212	40,953	41,150	39,179	37,920	38,067	38,258	36,797	36,458
Invested Capital Turnover	0.26	0.26	0.27	0.26	0.27	0.29	0.30	0.31	0.31	0.30	0.33
Increase / (Decrease) in Invested Capital	1,026	2,512	3,292	2,886	2,892	2,382	1,462	1,649	2,465	701	5,476
Enterprise Value (EV)	102,594	95,263	84,463	80,489	75,599	67,365	65,179	64,220	60,619	61,656	56,984
Market Capitalization	72,870	65,973	55,644	51,797	46,863	40,553	39,069	37,797	34,111	36,309	31,810
Book Value per Share	$10.21	$10.17	$10.17	$10.06	$10.19	$10.17	$9.71	$9.56	$9.64	$9.40	$9.26
Tangible Book Value per Share	$4.38	$4.26	$4.17	$3.99	$4.04	$3.92	$3.58	$3.34	$3.36	$3.35	$3.11
Total Capital	42,276	41,751	41,974	41,008	41,817	41,329	39,994	38,618	38,735	36,949	37,317
Total Debt	27,411	26,911	27,109	26,262	26,887	26,438	25,651	24,409	24,412	22,904	23,407
Total Long-Term Debt	24,122	24,736	24,825	24,096	24,100	23,376	22,772	21,532	22,785	21,927	22,530
Net Debt	27,311	26,851	26,347	26,207	26,220	24,288	23,577	23,858	23,935	22,752	22,548
Capital Expenditures (CapEx)	1,012	768	682	579	544	671	690	610	545	806	841
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-542	-536	-499	-470	-251	-405	-465	-419	-113	-268	-561
Debt-free Net Working Capital (DFNWC)	-442	-476	263	-415	416	1,745	1,609	132	364	-116	298
Net Working Capital (NWC)	-3,731	-2,651	-2,021	-2,581	-2,371	-1,317	-1,270	-2,745	-1,263	-1,093	-579
Net Nonoperating Expense (NNE)	136	157	-100	108	122	-341	107	175	92	87	89
Net Nonoperating Obligations (NNO)	27,311	26,851	26,347	26,207	26,220	24,288	23,577	23,858	23,935	22,752	22,548
Total Depreciation and Amortization (D&A)	585	565	566	540	548	529	521	515	506	505	500
Debt-free, Cash-free Net Working Capital to Revenue	-5.03%	-5.10%	-4.73%	-4.50%	-2.37%	-3.71%	-4.21%	-3.64%	-0.98%	-2.44%	-4.97%
Debt-free Net Working Capital to Revenue	-4.10%	-4.53%	2.49%	-3.97%	3.93%	16.00%	14.56%	1.15%	3.16%	-1.06%	2.64%
Net Working Capital to Revenue	-34.61%	-25.24%	-19.17%	-24.70%	-22.37%	-12.07%	-11.49%	-23.84%	-10.96%	-9.97%	-5.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.57	$0.39	$0.58	$0.33	$0.52	$0.93	$0.54	$0.38	$0.76	$0.55	$0.49
Adjusted Weighted Average Basic Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B
Adjusted Diluted Earnings per Share	$0.56	$0.39	$0.58	$0.33	$0.52	$0.92	$0.54	$0.38	$0.76	$0.54	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.23B	1.22B	1.22B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B
Normalized Net Operating Profit after Tax (NOPAT)	865	674	641	534	784	827	791	669	1,049	784	710
Normalized NOPAT Margin	28.38%	24.58%	24.18%	22.87%	28.28%	29.71%	30.90%	26.93%	34.04%	26.76%	23.51%
Pre Tax Income Margin	30.25%	22.17%	36.49%	23.76%	30.86%	55.57%	33.65%	30.45%	40.28%	32.53%	23.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.17	2.38	2.57	2.15	2.99	5.13	3.26	2.91	4.69	3.75	2.80
NOPAT to Interest Expense	2.48	2.00	1.90	1.58	2.25	2.57	2.52	2.19	3.57	2.71	2.44
EBIT Less CapEx to Interest Expense	0.28	0.11	0.55	0.44	1.43	3.04	1.06	0.91	2.84	0.97	-0.09
NOPAT Less CapEx to Interest Expense	-0.42	-0.28	-0.12	-0.13	0.69	0.48	0.32	0.19	1.71	-0.08	-0.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	107.50%	109.04%	83.35%	84.25%	80.95%	72.42%	84.39%	84.80%	86.50%	107.46%	109.36%
Augmented Payout Ratio	107.50%	109.04%	83.35%	84.25%	82.81%	76.35%	88.98%	89.82%	89.60%	107.89%	109.36%

Frequently Asked Questions About Williams Companies' Financials

When does Williams Companies's fiscal year end?

According to the most recent income statement we have on file, Williams Companies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Williams Companies' net income changed over the last 9 years?

Williams Companies' net income appears to be on an upward trend, with a most recent value of $2.35 billion in 2024, falling from -$1.31 billion in 2015. The previous period was $3.30 billion in 2023. See Williams Companies' forecast for analyst expectations on what’s next for the company.

What is Williams Companies's operating income?

Williams Companies's total operating income in 2024 was $3.34 billion, based on the following breakdown:

Total Gross Profit: $8.39 billion
Total Operating Expenses: $5.05 billion

How has Williams Companies revenue changed over the last 9 years?

Over the last 9 years, Williams Companies' total revenue changed from $7.36 billion in 2015 to $10.50 billion in 2024, a change of 42.7%.

How much debt does Williams Companies have?

Williams Companies' total liabilities were at $39.69 billion at the end of 2024, a 5.2% increase from 2023, and a 21.0% increase since 2015.

How much cash does Williams Companies have?

In the past 9 years, Williams Companies' cash and equivalents has ranged from $60 million in 2024 to $2.15 billion in 2023, and is currently $60 million as of their latest financial filing in 2024.

How has Williams Companies' book value per share changed over the last 9 years?

Over the last 9 years, Williams Companies' book value per share changed from 8.20 in 2015 to 10.17 in 2024, a change of 24.1%.

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This page (NYSE:WMB) was last updated on 5/21/2025 by MarketBeat.com Staff

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Williams Companies (WMB) Financials

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