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MARKETS / NYSE / WMB
NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

Williams Companies, Inc. WMB

19 fiscal years on record · USD · FY2025 reported · SEC filings only
8 YEARS OF DIVIDEND GROWTH
$14.9B
▲ 17.9% YoY
$2.6B
▲ 17.7% YoY
$1.0B
▼ 58.1% YoY
In brief

What this company does

Williams operates in 11 supply areas that provide natural gas gathering and processing, transmission and storage services, NGL fractionation, transportation and storage services, and marketing services to approximately 800 customers. It owns an interest in and operates over 32,000 miles of pipelines in 24 states and in the Gulf of America, 35 natural gas processing facilities, 9 NGL fractionation facilities, approximately 23 million barrels of NGL storage capacity, and 423 Bcf of natural gas storage capacity. Williams' headquarters are located in Tulsa, Oklahoma, with other major offices in Houston, Texas; Pittsburgh, Pennsylvania; and Salt Lake City, Utah. Williams' operations are conducted, managed, and presented within four reportable segments -- Transmission, Power & Gulf; Northeast G&P; West; and Gas & NGL Marketing Services -- with remaining business activities, including upstream operations and corporate activities, included in Other. During 2025, Williams' facilities gathered and processed gas for approximately 253 customers, and its top ten customers accounted for approximately 55 percent of gathering and processing fee revenues and NGL margins from noncash commodity-based agreements. Williams was founded in 1908, originally incorporated under the laws of the state of Nevada in 1949, and reincorporated under the laws of the state of Delaware in 1987.

Written from the business description in WILLIAMS COMPANIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 14.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 14.9 · Net income 2.6
8B16B2007201020132016201920222025
Compound annual growth
−5.7%
+14.3%
+7.3%
+5.5%
+8.5%
+65.5%
+8.6%
+66.0%
+5.6%
+4.6%
−2.0%
+9.9%
+5.6%
+4.7%
+2.9%
+15.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.3% a year over five years — but profit grew faster: net income at +65.5%, earnings per share at +66.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 28.2% · Net 18.6%
10%20%30%-5%-10%-15%2007201020132016201920222025
ROE
FY2025 · ROE 20.7%
10%20%30%-5%-10%2007201020132016201920222025

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders
USD 2.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.0
2.0B4.0B-0.8B-1.6B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 2.4 · Net buybacks -0.0
1B2BDividendsNet buybacks2007201020132016201920222025

USD 2.4B in dividends — 93% of the year's profit went back to shareholders.

Total assetsUSD 58.6B
EquityUSD 12.8B
CashUSD 63.0M
Gross debtUSD 27.3B
Net debtUSD 27.3B
Current ratio0.53×

Net debt stands at 213% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B14.912.612.017.812.87.78.18.68.07.57.47.66.97.57.96.65.311.910.2
Operating income $B4.23.34.33.02.62.21.90.80.90.70.21.61.41.61.91.41.12.51.8
EBITDA $B6.55.66.45.04.53.93.62.52.72.52.02.72.22.42.52.92.63.82.9
Income tax $B0.90.61.00.40.50.10.30.1−2.0−0.0−0.41.20.40.40.10.10.20.70.5
Net income $B2.62.23.22.01.50.20.8−0.22.2−0.4−0.62.10.40.90.4−1.10.31.41.0
Free cash flow $B1.02.43.42.62.72.31.60.00.72.1−0.5−1.9−1.4−0.70.6−0.10.2−0.05.1
EPS, diluted $2.141.822.601.671.240.170.70−0.162.62−0.57−0.762.920.621.370.63−1.860.492.401.63
Dividend / sh $2.001.901.791.701.641.601.521.361.201.682.451.961.441.200.780.480.440.430.39
Payout %9310469101131920217−89446−297−3226722886122−26901824
ROE %20.717.926.617.913.11.76.1−1.330.4−7.9−7.731.08.928.49.3−14.43.416.8·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 18 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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