financial statements

The full income statement, balance sheet, and cash-flow statement for Williams Companies Inc. (The) (WMB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.9B YoY+17.9%	12.6B YoY+5.3%	12.0B YoY-32.5%	17.8B YoY+39.0%	12.8B YoY+67.0%
Selling, general & administrative	721M YoY+1.8%	708M YoY+6.5%	665M YoY+4.6%	636M YoY+14.0%	558M YoY+19.7%
General & administrative	721M YoY+1.8%	708M YoY+6.5%	665M	—	—
Operating income	4.20B YoY+25.7%	3.34B YoY-22.5%	4.31B YoY+42.8%	3.02B YoY+14.7%	2.63B YoY+19.5%
Interest expense	1.44B YoY+5.7%	1.36B YoY+10.4%	1.24B YoY+7.8%	1.15B YoY-2.7%	1.18B YoY+0.6%
Interest & investment income	40.0M YoY-40.3%	67.0M YoY-15.2%	79.0M YoY+426.7%	15.0M YoY+114.3%	7.00M
Other non-operating income	69.0M YoY-36.1%	108M YoY+9.1%	99.0M YoY+450.0%	18.0M YoY+200.0%	6.00M YoY+114.0%
Equity-method income	760M YoY+35.7%	560M YoY-4.9%	589M YoY-7.5%	637M YoY+4.8%	608M YoY+85.4%
Pre-tax income	3.63B YoY+21.4%	2.99B YoY-32.2%	4.41B YoY+73.3%	2.54B YoY+22.6%	2.07B YoY+648.4%
Income tax	857M YoY+33.9%	640M YoY-36.3%	1.00B YoY+136.5%	425M YoY-16.8%	511M YoY+546.8%
	2.62B YoY+17.7%	2.23B YoY-30.0%	3.18B YoY+55.1%	2.05B YoY+35.1%	1.52B YoY+619.0%
Income from continuing operations	—	—	3.27B YoY+60.0%	2.05B YoY+35.1%	1.51B YoY+627.9%
Discontinued operations	0.00	0.00 YoY+100.0%	-97.0M	0.00	0.00
Net income to non-controlling interest	150M YoY+24.0%	121M YoY-2.4%	124M YoY+82.4%	68.0M YoY+51.1%	45.0M YoY+446.2%
Net income to common	2.62B YoY+17.7%	2.22B YoY-30.0%	3.18B YoY+55.2%	2.05B YoY+35.1%	1.51B YoY+627.9%
	$2.14 YoY+17.6%	$1.82 YoY-30.0%	$2.60 YoY+55.7%	$1.67 YoY+34.7%	$1.24 YoY+629.4%
EPS (basic)	$2.14 YoY+17.6%	$1.82 YoY-30.3%	$2.61 YoY+55.4%	$1.68 YoY+34.4%	$1.25 YoY+635.3%
Weighted-avg shares (basic)	1.22B YoY+0.2%	1.22B YoY+0.1%	1.22B YoY-0.0%	1.22B YoY+0.3%	1.22B YoY+0.1%
Weighted-avg shares (diluted)	1.23B YoY+0.2%	1.22B YoY+0.0%	1.22B YoY+0.0%	1.22B YoY+0.4%	1.22B YoY+0.3%
Dividends per share	$2.00 YoY+5.3%	$1.90 YoY+6.1%	$1.79 YoY+5.3%	$1.70 YoY+3.7%	$1.64 YoY+2.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.24B YoY+21.9%	2.66B YoY-41.0%	4.51B YoY+18.9%	3.80B YoY-16.5%	4.55B YoY+218.3%
Cash & equivalents	63.0M YoY+5.0%	60.0M YoY-97.2%	2.15B YoY+1314.5%	152M YoY-91.0%	1.68B YoY+1083.1%
Accounts receivable	2.08B YoY+11.9%	1.86B YoY+12.6%	1.66B YoY-39.2%	2.72B YoY+37.7%	1.98B YoY+98.0%
Inventory	314M YoY+12.5%	279M YoY+1.8%	274M YoY-14.4%	320M YoY-15.6%	379M YoY+178.7%
Other current assets	256M YoY+34.0%	191M YoY-2.1%	195M YoY-30.1%	279M YoY+32.2%	211M YoY+41.6%
	58.6B YoY+7.4%	54.5B YoY+3.6%	52.6B YoY+8.7%	48.4B YoY+1.7%	47.6B YoY+7.8%
Property, plant & equipment	42.0B YoY+8.5%	38.7B YoY+12.8%	34.3B YoY+11.1%	30.9B YoY+5.6%	29.3B YoY+1.1%
Operating lease right-of-use	170M YoY+10.4%	154M YoY-3.1%	159M YoY-1.9%	162M YoY+1.9%	159M YoY-12.6%
Goodwill	466M YoY+0.0%	466M YoY+0.6%	463M	0.00	0.00 YoY-100.0%
Intangible assets	9.79B YoY+0.0%	9.79B YoY+0.0%	9.79B YoY+0.0%	9.79B YoY+0.0%	9.79B YoY+0.0%
Long-term investments	4.28B YoY+0.0%	4.28B YoY+0.0%	4.28B YoY+0.0%	4.28B YoY+0.0%	4.28B YoY+0.0%
Other non-current assets	2.01B YoY+9.9%	1.83B YoY+16.3%	1.57B YoY+19.3%	1.32B YoY+3.4%	1.28B YoY+6.0%
	6.11B YoY+14.9%	5.31B YoY-8.9%	5.83B YoY+19.2%	4.89B YoY-1.6%	4.97B YoY+114.4%
Accounts payable	2.22B YoY+37.9%	1.61B YoY+17.0%	1.38B YoY-40.7%	2.33B YoY+33.3%	1.75B YoY+262.2%
Accrued liabilities	1.20B YoY+0.0%	1.20B YoY-6.3%	1.28B YoY+1.1%	1.27B YoY+22.7%	1.03B YoY+9.6%
Deferred revenue	170M YoY+0.0%	170M YoY+6.9%	159M YoY+12.8%	141M YoY+5.2%	134M YoY+3.9%
Short-term & current debt	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Current lease liability	26.0M YoY+0.0%	26.0M YoY+8.3%	24.0M YoY-4.0%	25.0M YoY+8.7%	23.0M YoY-17.9%
Other current liabilities	1.64B YoY+20.5%	1.36B YoY+5.9%	1.28B	—	—
Non-current lease liability	151M YoY+6.3%	142M YoY-4.1%	148M YoY+0.0%	148M YoY+5.0%	141M YoY-12.4%
Deferred tax liabilities	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%
	12.8B YoY+3.0%	12.4B YoY+0.3%	12.4B YoY+8.0%	11.5B YoY+0.5%	11.4B YoY-2.9%
Preferred stock	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%
Common stock	1.26B YoY+0.2%	1.26B YoY+0.2%	1.26B YoY+0.2%	1.25B YoY+0.2%	1.25B YoY+0.2%
Additional paid-in capital	24.8B YoY+0.6%	24.6B YoY+0.3%	24.6B YoY+0.1%	24.5B YoY+0.4%	24.4B YoY+0.3%
Retained earnings	-12.2B YoY+1.3%	-12.4B YoY-0.9%	-12.3B YoY+7.4%	-13.3B YoY-0.3%	-13.2B YoY-3.8%
Treasury stock	1.18B YoY+0.0%	1.18B YoY+0.0%	1.18B YoY+12.4%	1.05B YoY+0.9%	1.04B YoY+0.0%
Accumulated other comprehensive income	127M YoY+67.1%	76.0M	0.00 YoY+100.0%	-24.0M YoY+27.3%	-33.0M YoY+65.6%
Non-controlling interest	2.19B YoY-9.0%	2.40B YoY-3.4%	2.49B YoY-2.8%	2.56B YoY-4.4%	2.68B YoY-4.8%
Total equity incl. non-controlling	15.0B YoY+1.0%	14.8B YoY-0.3%	14.9B YoY+6.0%	14.0B YoY-0.4%	14.1B YoY-3.3%
Total liabilities & equity	58.6B YoY+7.4%	54.5B YoY+3.6%	52.6B YoY+8.7%	48.4B YoY+1.7%	47.6B YoY+7.8%
Common shares issued	1.26B YoY+0.2%	1.26B YoY+0.2%	1.26B YoY+0.2%	1.25B YoY+0.2%	1.25B YoY+0.2%
Shares outstanding (cover)	1.22B YoY+0.2%	1.22B YoY+0.2%	1.22B YoY-0.2%	1.22B YoY+0.3%	1.22B YoY+0.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.90B YoY+18.6%	4.97B YoY-16.2%	5.94B YoY+21.5%	4.89B YoY+23.9%	3.94B YoY+12.8%
Depreciation & amortization	2.35B YoY+5.8%	2.22B YoY+7.1%	2.07B YoY+3.1%	2.01B YoY+9.1%	1.84B YoY+7.0%
Share-based compensation	93.0M YoY-6.1%	99.0M YoY+28.6%	77.0M YoY+5.5%	73.0M YoY-9.9%	81.0M YoY+55.8%
Deferred income taxes	744M YoY+47.0%	506M YoY-48.4%	981M YoY+127.6%	431M YoY-15.3%	509M YoY+371.3%
Change in inventory	45.0M YoY+400.0%	9.00M YoY+169.2%	-13.0M YoY-111.8%	110M YoY-20.9%	139M YoY+396.4%
Change in payables	115M YoY-17.3%	139M YoY+113.8%	-1.01B YoY-346.1%	410M YoY-36.2%	643M YoY+9285.7%
Other operating activities	-213M YoY+13.1%	-245M YoY-8.4%	-226M YoY-4.6%	-216M YoY-21700.0%	1.00M YoY+200.0%
	-5.49B YoY-12.9%	-4.86B YoY-25.0%	-3.89B YoY-15.3%	-3.38B YoY-130.4%	-1.47B YoY+6.0%
Capital expenditure	4.89B YoY+90.2%	2.57B YoY+2.3%	2.52B YoY+11.7%	2.25B YoY+81.8%	1.24B YoY+0.0%
Acquisitions	1.00M YoY-100.0%	2.24B YoY+43.1%	1.57B YoY+68.1%	933M YoY+517.9%	151M
Other investing activities	-22.0M YoY-83.3%	-12.0M YoY+69.2%	-39.0M YoY-457.1%	-7.00M YoY+85.4%	-48.0M YoY-860.0%
	-406M YoY+81.6%	-2.20B YoY-4391.8%	-49.0M YoY+98.4%	-3.04B YoY-222.9%	-942M YoY+54.8%
Long-term debt issued	4.94B YoY+37.5%	3.59B YoY+30.5%	2.75B YoY+57.0%	1.75B YoY-18.6%	2.15B YoY-44.7%
Long-term debt repaid	2.83B YoY-4.0%	2.95B YoY+364.7%	634M YoY-78.0%	2.88B YoY+221.7%	894M YoY-76.7%
Common stock issued	9.00M YoY-10.0%	10.0M YoY+66.7%	6.00M YoY-88.9%	54.0M YoY+500.0%	9.00M YoY+0.0%
Common stock repurchased	0.00	0.00 YoY-100.0%	130M YoY+1344.4%	9.00M	0.00
Dividends paid	2.44B YoY+5.4%	2.32B YoY+6.3%	2.18B YoY+5.2%	2.07B YoY+4.0%	1.99B YoY+2.6%
Other financing activities	-63.0M YoY-75.0%	-36.0M YoY-71.4%	-21.0M YoY+43.2%	-37.0M YoY-131.3%	-16.0M YoY-23.1%
Net change in cash	3.00M YoY+100.1%	-2.09B YoY-204.6%	2.00B YoY+230.8%	-1.53B YoY-199.3%	1.54B YoY+1146.3%
Interest paid	—	—	1.15B YoY+3.1%	1.12B YoY-1.8%	1.14B YoY-1.0%
Income taxes paid	162M YoY+138.2%	68.0M YoY+119.4%	31.0M YoY+138.5%	13.0M	—
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	73.4B YoY+11.3%	66.0B YoY+55.7%	42.4B YoY+5.7%	40.1B YoY+26.7%	31.6B YoY+30.0%
P/E	28.0× YoY-5.4%	29.7× YoY+89.7%	15.6× YoY-21.9%	20.0× YoY-4.0%	20.9× YoY-81.9%
P/S	4.9× YoY-5.7%	5.2× YoY+61.5%	3.2× YoY+43.5%	2.3× YoY-8.9%	2.5× YoY-22.2%
P/B	5.7× YoY+8.0%	5.3× YoY+48.3%	3.6× YoY+1.0%	3.5× YoY+27.9%	2.8× YoY+34.0%
P/FCF	73.0× YoY+165.8%	27.5× YoY+74.7%	15.7× YoY+20.9%	13.0× YoY+11.3%	11.7× YoY+8.5%
Earnings yield	3.6% YoY+5.7%	3.4% YoY-47.3%	6.4% YoY+28.1%	5.0% YoY+4.2%	4.8% YoY+452.9%
FCF yield	1.4% YoY-62.4%	3.6% YoY-42.7%	6.4% YoY-17.3%	7.7% YoY-10.2%	8.6% YoY-7.8%
Dividend yield	3.3% YoY-5.2%	3.5% YoY-31.7%	5.1% YoY-0.5%	5.2% YoY-18.0%	6.3% YoY-21.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: WMB's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WMB filings on SEC EDGAR → Not investment advice.

WMB▼ financial statements

About this data

financial statements