The Williams Companies, Inc. (WMB)

The Williams Companies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	11,830	10,753	9,951	11,352	10,775
Revenue Growth (YoY)	10.02%	8.06%	-12.34%	5.36%	39.50%
Cost of Revenue	4,481	4,297	4,019	5,274	5,580
Gross Profit	7,349	6,456	5,932	6,078	5,195
Selling, General & Admin	721	672	631	627	550
Other Operating Expenses	-127	190	-986	415	164
Operating Expenses	2,941	3,081	1,716	3,051	2,556
Operating Income	4,408	3,375	4,216	3,027	2,639
Interest Expense	-1,442	-1,364	-1,236	-1,147	-1,179
Interest & Investment Income	42	343	108	16	7
Earnings From Equity Investments	760	560	589	637	608
Other Non Operating Income (Expenses)	69	87	87	17	3
EBT Excluding Unusual Items	3,837	3,001	3,764	2,550	2,078
Merger & Restructuring Charges	-	-15	-22	-8	-5
Gain (Loss) on Sale of Assets	-	-	129	-	-
Asset Writedown	-212	-	-	-	-
Legal Settlements	-	-	534	-	-
Pretax Income	3,625	2,986	4,405	2,542	2,073
Income Tax Expense	857	640	1,005	425	511
Earnings From Continuing Operations	2,768	2,346	3,400	2,117	1,562
Earnings From Discontinued Operations	-	-	-97	-	-
Net Income to Company	2,768	2,346	3,303	2,117	1,562
Minority Interest in Earnings	-150	-121	-124	-68	-45
Net Income	2,618	2,225	3,179	2,049	1,517
Preferred Dividends & Other Adjustments	3	3	3	3	3
Net Income to Common	2,615	2,222	3,176	2,046	1,514
Net Income Growth	17.66%	-30.01%	55.15%	35.07%	618.96%
Shares Outstanding (Basic)	1,221	1,219	1,218	1,218	1,215
Shares Outstanding (Diluted)	1,225	1,223	1,223	1,223	1,218
Shares Change (YoY)	0.17%	0.02%	0.00%	0.37%	0.25%
EPS (Basic)	2.14	1.82	2.61	1.68	1.25
EPS (Diluted)	2.14	1.82	2.60	1.67	1.24
EPS Growth	17.58%	-30.02%	55.73%	34.68%	629.41%
Free Cash Flow	899	2,296	3,371	2,606	2,698
Free Cash Flow Per Share	0.73	1.88	2.76	2.13	2.21
Dividend Per Share	2.000	1.900	1.790	1.700	1.640
Dividend Growth	5.26%	6.14%	5.29%	3.66%	2.50%
Gross Margin	62.12%	60.04%	59.61%	53.54%	48.21%
Operating Margin	37.26%	31.39%	42.37%	26.66%	24.49%
Profit Margin	22.11%	20.66%	31.92%	18.02%	14.05%
Free Cash Flow Margin	7.60%	21.35%	33.88%	22.96%	25.04%
EBITDA	6,755	5,594	6,287	5,036	4,481
EBITDA Margin	57.10%	52.02%	63.18%	44.36%	41.59%
D&A For EBITDA	2,347	2,219	2,071	2,009	1,842
EBIT	4,408	3,375	4,216	3,027	2,639
EBIT Margin	37.26%	31.39%	42.37%	26.66%	24.49%
Effective Tax Rate	23.64%	21.43%	22.81%	16.72%	24.65%
Revenue as Reported	11,950	10,503	10,907	10,965	10,627

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q