The Williams Companies revenue and financials
$72.39Change from previous close: +2.23%Absolute change: +$1.58
In the fiscal year ended December 2025, The Williams Companies reported revenue of $11.95B (+13.78% year over year). Net income was $2.62B, a net margin of 21.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +13.78%
- 2025 vs 2024
- Net income growth
- +17.66%
- 2025 vs 2024
- Net margin
- 21.9%
- 2024: 21.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,376 | 1,603 | 1,576 | 1,439 | 1,450 | 1,433 | 1,218 | 1,243 | 1,279 | 1,234 | 1,813 | 1,234 |
| Depreciation and amortization | 592 | 584 | 593 | 564 | 605 | 585 | 565 | 566 | 540 | 548 | 529 | 521 |
| Capital expenditure | -1,834 | -1,359 | -1,981 | -994 | -1,012 | -1,012 | -800 | -728 | -606 | -544 | -689 | -702 |
| Investing cash flow | -1,906 | -884 | -2,287 | -1,008 | -1,024 | -1,170 | -1,070 | -737 | -620 | -2,436 | -1,260 | -343 |
| Financing cash flow | -217 | 168 | 704 | -1,264 | 377 | -223 | -850 | 201 | -1,271 | -281 | -477 | 632 |
| Dividends paid | -642 | -642 | -610 | -611 | -611 | -610 | -579 | -579 | -579 | -579 | -544 | -544 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -2.0 | — |
| Debt issued | 22.0 | 2,768 | 2,191 | 0.0 | 1,497 | 1,497 | — | 1,494 | 1.0 | 2,099 | 373 | 1,251 |
| Debt repaid | 465 | -1,808 | -810 | -588 | -444 | -985 | -206 | -640 | -634 | -1,735 | -261 | -7.0 |
| Net change in cash | -747 | 887 | -7.0 | -833 | 803 | 40.0 | -702 | 707 | -612 | -1,483 | 76.0 | 1,523 |
| Free cash flow | -458 | 244 | -405 | 445 | 438 | 421 | 418 | 515 | 673 | 690 | 1,124 | 532 |
| Levered free cash flow | -1,177 | 264 | -726 | 99.3 | 148 | 101 | 114 | 180 | 376 | 312 | 265 | 209 |