W

WILLIAMS COMPANIES, INC.

WMB · CIK 0000107263

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$14.90B17.9%
FY2025
Net income (FY)
$2.62B17.7%
FY2025
Free cash flow (FY)
$1.00B58.1%
FY2025
Diluted EPS (FY)
$2.1417.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10BFY2007 · Revenue $10.24B · Net income $990.0M · 0000950123-10-017267 · filed 2010-02-26FY07Revenue $10.24BNet income $990.0M0000950123-10-017267 · filed 2010-02-26FY2008 · Revenue $11.89B · Net income $1.42B · 0000950123-11-018126 · filed 2011-02-25FY08Revenue $11.89BNet income $1.42B0000950123-11-018126 · filed 2011-02-25FY2009 · Revenue $5.28B · Net income $285.0M · 0001193125-12-082513 · filed 2012-02-28FY09Revenue $5.28BNet income $285.0M0001193125-12-082513 · filed 2012-02-28FY2010 · Revenue $6.64B · Net income −$1.10B · 0001193125-13-080025 · filed 2013-02-27FY10Revenue $6.64BNet income −$1.10B0001193125-13-080025 · filed 2013-02-27FY2011 · Revenue $7.93B · Net income $376.0M · 0000107263-14-000003 · filed 2014-02-26FY11Revenue $7.93BNet income $376.0M0000107263-14-000003 · filed 2014-02-26FY2012 · Revenue $7.49B · Net income $859.0M · 0000107263-15-000003 · filed 2015-02-25FY12Revenue $7.49BNet income $859.0M0000107263-15-000003 · filed 2015-02-25FY2013 · Revenue $6.86B · Net income $430.0M · 0000107263-16-000021 · filed 2016-02-26FY13Revenue $6.86BNet income $430.0M0000107263-16-000021 · filed 2016-02-26FY2014 · Revenue $7.64B · Net income $2.11B · 0000107263-17-000003 · filed 2017-02-22FY14Revenue $7.64BNet income $2.11B0000107263-17-000003 · filed 2017-02-22FY2015 · Revenue $7.36B · Net income −$571.0M · 0000107263-18-000006 · filed 2018-02-22FY15Revenue $7.36BNet income −$571.0M0000107263-18-000006 · filed 2018-02-22FY2016 · Revenue $7.50B · Net income −$424.0M · 0000107263-19-000007 · filed 2019-02-21FY16Revenue $7.50BNet income −$424.0M0000107263-19-000007 · filed 2019-02-21FY2017 · Revenue $8.03B · Net income $2.17B · 0000107263-20-000005 · filed 2020-02-24FY17Revenue $8.03BNet income $2.17B0000107263-20-000005 · filed 2020-02-24FY2018 · Revenue $8.60B · Net income −$155.0M · 0000107263-21-000006 · filed 2021-02-24FY18Revenue $8.60BNet income −$155.0M0000107263-21-000006 · filed 2021-02-24FY2019 · Revenue $8.14B · Net income $850.0M · 0000107263-22-000007 · filed 2022-02-28FY19Revenue $8.14BNet income $850.0M0000107263-22-000007 · filed 2022-02-28FY2020 · Revenue $7.65B · Net income $211.0M · 0000107263-23-000007 · filed 2023-02-27FY20Revenue $7.65BNet income $211.0M0000107263-23-000007 · filed 2023-02-27FY2021 · Revenue $12.78B · Net income $1.52B · 0000107263-24-000019 · filed 2024-02-21FY21Revenue $12.78BNet income $1.52B0000107263-24-000019 · filed 2024-02-21FY2022 · Revenue $17.77B · Net income $2.05B · 0000107263-25-000031 · filed 2025-02-25FY22Revenue $17.77BNet income $2.05B0000107263-25-000031 · filed 2025-02-25FY2023 · Revenue $12.00B · Net income $3.18B · 0000107263-26-000006 · filed 2026-02-24FY23Revenue $12.00BNet income $3.18B0000107263-26-000006 · filed 2026-02-24FY2024 · Revenue $12.63B · Net income $2.23B · 0000107263-26-000006 · filed 2026-02-24FY24Revenue $12.63BNet income $2.23B0000107263-26-000006 · filed 2026-02-24FY2025 · Revenue $14.90B · Net income $2.62B · 0000107263-26-000006 · filed 2026-02-24FY25Revenue $14.90BNet income $2.62B0000107263-26-000006 · filed 2026-02-24FY25Revenue $14.90BNet income $2.62B0000107263-26-000006 · filed 2026-02-24FY07FY10FY13FY16FY19FY22FY25

revenue 1.5× since FY2007 · net margin 9.7% → 17.6%

MarginsNet marginFCF margin
0%50%FY2007 · Net margin 9.7% · FCF margin 49.9%FY07Net margin 9.7%FCF margin 49.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 11.9% · FCF margin -0.3%FY08Net margin 11.9%FCF margin -0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 5.4% · FCF margin 3.5%FY09Net margin 5.4%FCF margin 3.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin -16.5% · FCF margin -2.1%FY10Net margin -16.5%FCF margin -2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 4.7% · FCF margin 8.1%FY11Net margin 4.7%FCF margin 8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 11.5% · FCF margin -9.3%FY12Net margin 11.5%FCF margin -9.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 6.3% · FCF margin -19.8%FY13Net margin 6.3%FCF margin -19.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 27.7% · FCF margin -25.1%FY14Net margin 27.7%FCF margin -25.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -7.8% · FCF margin -6.2%FY15Net margin -7.8%FCF margin -6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -5.7% · FCF margin 28.1%FY16Net margin -5.7%FCF margin 28.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 27.1% · FCF margin 8.6%FY17Net margin 27.1%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -1.8% · FCF margin 0.4%FY18Net margin -1.8%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 10.4% · FCF margin 19.5%FY19Net margin 10.4%FCF margin 19.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 2.8% · FCF margin 29.5%FY20Net margin 2.8%FCF margin 29.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.9% · FCF margin 21.2%FY21Net margin 11.9%FCF margin 21.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 11.5% · FCF margin 14.8%FY22Net margin 11.5%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 26.5% · FCF margin 28.5%FY23Net margin 26.5%FCF margin 28.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 17.6% · FCF margin 19.0%FY24Net margin 17.6%FCF margin 19.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 17.6% · FCF margin 6.7%FY25Net margin 17.6%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 17.6%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 17.6% · free cash flow 6.7% of revenue

Cash engineOperating cash flowFree cash flow
$0$5BFY2007 · OCF $2.24B · FCF $5.11B · 0000950123-10-017267 · filed 2010-02-26FY07OCF $2.24BFCF $5.11B0000950123-10-017267 · filed 2010-02-26FY2008 · OCF $3.35B · FCF −$39.0M · 0000950123-11-018126 · filed 2011-02-25FY08OCF $3.35BFCF −$39.0M0000950123-11-018126 · filed 2011-02-25FY2009 · OCF $2.57B · FCF $185.0M · 0001193125-12-082513 · filed 2012-02-28FY09OCF $2.57BFCF $185.0M0001193125-12-082513 · filed 2012-02-28FY2010 · OCF $2.65B · FCF −$137.0M · 0001193125-13-080025 · filed 2013-02-27FY10OCF $2.65BFCF −$137.0M0001193125-13-080025 · filed 2013-02-27FY2011 · OCF $3.44B · FCF $643.0M · 0000107263-14-000003 · filed 2014-02-26FY11OCF $3.44BFCF $643.0M0000107263-14-000003 · filed 2014-02-26FY2012 · OCF $1.83B · FCF −$694.0M · 0000107263-15-000003 · filed 2015-02-25FY12OCF $1.83BFCF −$694.0M0000107263-15-000003 · filed 2015-02-25FY2013 · OCF $2.22B · FCF −$1.35B · 0000107263-16-000021 · filed 2016-02-26FY13OCF $2.22BFCF −$1.35B0000107263-16-000021 · filed 2016-02-26FY2014 · OCF $2.12B · FCF −$1.92B · 0000107263-17-000003 · filed 2017-02-22FY14OCF $2.12BFCF −$1.92B0000107263-17-000003 · filed 2017-02-22FY2015 · OCF $2.71B · FCF −$459.0M · 0000107263-18-000006 · filed 2018-02-22FY15OCF $2.71BFCF −$459.0M0000107263-18-000006 · filed 2018-02-22FY2016 · OCF $4.16B · FCF $2.10B · 0000107263-19-000007 · filed 2019-02-21FY16OCF $4.16BFCF $2.10B0000107263-19-000007 · filed 2019-02-21FY2017 · OCF $3.09B · FCF $690.0M · 0000107263-20-000005 · filed 2020-02-24FY17OCF $3.09BFCF $690.0M0000107263-20-000005 · filed 2020-02-24FY2018 · OCF $3.29B · FCF $37.0M · 0000107263-21-000006 · filed 2021-02-24FY18OCF $3.29BFCF $37.0M0000107263-21-000006 · filed 2021-02-24FY2019 · OCF $3.69B · FCF $1.58B · 0000107263-22-000007 · filed 2022-02-28FY19OCF $3.69BFCF $1.58B0000107263-22-000007 · filed 2022-02-28FY2020 · OCF $3.50B · FCF $2.26B · 0000107263-23-000007 · filed 2023-02-27FY20OCF $3.50BFCF $2.26B0000107263-23-000007 · filed 2023-02-27FY2021 · OCF $3.94B · FCF $2.71B · 0000107263-24-000019 · filed 2024-02-21FY21OCF $3.94BFCF $2.71B0000107263-24-000019 · filed 2024-02-21FY2022 · OCF $4.89B · FCF $2.64B · 0000107263-25-000031 · filed 2025-02-25FY22OCF $4.89BFCF $2.64B0000107263-25-000031 · filed 2025-02-25FY2023 · OCF $5.94B · FCF $3.42B · 0000107263-26-000006 · filed 2026-02-24FY23OCF $5.94BFCF $3.42B0000107263-26-000006 · filed 2026-02-24FY2024 · OCF $4.97B · FCF $2.40B · 0000107263-26-000006 · filed 2026-02-24FY24OCF $4.97BFCF $2.40B0000107263-26-000006 · filed 2026-02-24FY2025 · OCF $5.90B · FCF $1.00B · 0000107263-26-000006 · filed 2026-02-24FY25OCF $5.90BFCF $1.00B0000107263-26-000006 · filed 2026-02-24FY25OCF $5.90BFCF $1.00B0000107263-26-000006 · filed 2026-02-24’09’13’17’21’25

FY2025: $5.90B operating cash − $4.89B capex = $1.00B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%FY2008 · ROE 16.8% · ROA 5.5%FY08ROE 16.8%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 3.4% · ROA 1.1%FY09ROE 3.4%ROA 1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE -15.1% · ROA -4.4%FY10ROE -15.1%ROA -4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 29.0% · ROA 2.3%FY11ROE 29.0%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 18.1% · ROA 3.5%FY12ROE 18.1%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 8.8% · ROA 1.6%FY13ROE 8.8%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 24.1% · ROA 4.2%FY14ROE 24.1%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -9.3% · ROA -1.2%FY15ROE -9.3%ROA -1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -9.1% · ROA -0.9%FY16ROE -9.1%ROA -0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 22.5% · ROA 4.7%FY17ROE 22.5%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -1.1% · ROA -0.3%FY18ROE -1.1%ROA -0.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 6.4% · ROA 1.8%FY19ROE 6.4%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 1.8% · ROA 0.5%FY20ROE 1.8%ROA 0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 13.3% · ROA 3.2%FY21ROE 13.3%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 17.8% · ROA 4.2%FY22ROE 17.8%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 25.6% · ROA 6.0%FY23ROE 25.6%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.9% · ROA 4.1%FY24ROE 17.9%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 20.4% · ROA 4.5%FY25ROE 20.4%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 20.4%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 17% (FY2008) → 20% (FY2025) · on assets 4.5%

The receipts