WMB (The Williams Companies, Inc.) Stock Financials & Earnings | Market Cap Arena

WMB (The Williams Companies, Inc.) Stock Financials & Earnings | Market Cap Arena

WMBThe Williams Companies, Inc.

Mkt Cap$91B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$11.9B

Net Income (TTM)$2.6B

EPS (TTM)$2.15

Free Cash Flow (TTM)$899M

Gross Margin57.2%

Op. Margin36.8%

Net Margin21.9%

FCF Margin7.5%

P/S Ratio (TTM)7.6x

P/E Ratio (TTM)34.7x

YoY Rev Growth+13.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.1B	$2.0B	$1.4B
Q2 23	$2.5B	$1.5B	$870M
Q3 23	$2.6B	$1.5B	$994M
Q4 23	$2.8B	$1.8B	$1.1B
Q1 24	$2.8B	$1.7B	$1.0B
Q2 24	$2.3B	$1.4B	$696M
Q3 24	$2.7B	$1.6B	$838M
Q4 24	$2.7B	$1.6B	$793M
Q1 25	$3.0B	$1.8B	$1.1B
Q2 25	$2.8B	$1.1B	$887M
Q3 25	$2.9B	$2.5B	$1.1B
Q4 25	$3.2B	$1.5B	$1.3B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.9x	35.0x
Q2 23	7.9x	34.2x
Q3 23	8.2x	33.5x
Q4 23	8.3x	28.6x
Q1 24	8.6x	31.5x
Q2 24	8.7x	32.2x
Q3 24	8.6x	31.6x
Q4 24	8.6x	40.8x
Q1 25	8.4x	39.8x
Q2 25	8.1x	37.4x
Q3 25	7.9x	38.3x
Q4 25	7.6x	34.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1.5B	$962M
Q2 23	$1.4B	$753M
Q3 23	$1.2B	$532M
Q4 23	$1.8B	$1.1B
Q1 24	$1.2B	$690M
Q2 24	$1.3B	$700M
Q3 24	$1.2B	$561M
Q4 24	$1.2B	$418M
Q1 25	$1.4B	$421M
Q2 25	$1.4B	$478M
Q3 25	$1.4B	$485M
Q4 25	$1.6B	-$485M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$552M
Q2 23	$624M
Q3 23	$702M
Q4 23	$689M
Q1 24	$544M
Q2 24	$579M
Q3 24	$682M
Q4 24	$800M
Q1 25	$1.0B
Q2 25	$972M
Q3 25	$954M
Q4 25	$2.1B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+22.1%	-8.0%
Q2 23	-0.3%	-20.1%
Q3 23	-15.3%	-28.9%
Q4 23	-5.0%	-8.7%
Q1 24	-10.1%	+2.2%
Q2 24	-5.9%	+1.7%
Q3 24	+3.7%	+16.0%
Q4 24	-1.5%	+14.9%
Q1 25	+10.0%	+11.1%
Q2 25	+18.6%	+14.8%
Q3 25	+10.2%	-0.1%
Q4 25	+16.6%	-3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$17M	0.6%
Q2 23	$23M	0.9%
Q3 23	$19M	0.7%
Q4 23	$18M	0.6%
Q1 24	$24M	0.9%
Q2 24	$24M	1.0%
Q3 24	-$48M	-1.8%
Q4 24	$30M	1.1%
Q1 25	$30M	1.0%
Q2 25	$19M	0.7%
Q3 25	-$49M	-1.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$176M
Q2 23	$161M
Q3 23	$146M
Q4 23	$182M
Q1 24	$186M
Q2 24	$164M
Q3 24	$170M
Q4 24	$188M
Q1 25	$194M
Q2 25	$168M
Q3 25	$168M
Q4 25	$191M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$477M	$0	$477M
Q2 23	$551M	$0	$551M
Q3 23	$2.1B	$0	$2.1B
Q4 23	$2.1B	$0	$2.1B
Q1 24	$667M	$0	$667M
Q2 24	$55M	$0	$55M
Q3 24	$762M	$0	$762M
Q4 24	$60M	$0	$60M
Q1 25	$100M	$0	$100M
Q2 25	$903M	$0	$903M
Q3 25	$70M	$0	$70M
Q4 25	$63M	$0	$63M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.23B	+0.2%
Q2 23	1.22B	-0.5%
Q3 23	1.22B	+0.0%
Q4 23	1.22B	+0.2%
Q1 24	1.22B	-0.0%
Q2 24	1.22B	+0.0%
Q3 24	1.22B	-0.2%
Q4 24	1.22B	+0.4%
Q1 25	1.22B	-0.3%
Q2 25	1.22B	+0.1%
Q3 25	1.22B	+0.0%
Q4 25	1.22B	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	7K
FY 15	$1M	7K
FY 16	$1M	6K
FY 17	$1M	5K
FY 18	$2M	5K
FY 19	$2M	5K
FY 20	$2M	5K
FY 21	$2M	5K
FY 22	$2M	5K
FY 23	$2M	6K
FY 24	$2M	6K
FY 25	$2M	6K