The Williams Companies, Inc. (WMB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.03B | 3.2B | 2.92B | 2.77B | 3.05B | 2.74B | 2.65B | 2.34B | 2.77B | 2.78B | 2.56B | 2.48B | 3.08B | 2.93B | 3.02B | 2.49B | 2.52B | 3.26B | 2.48B | 2.28B |
| Revenue Growth % | -0.59% | 16.59% | 10.18% | 18.58% | 10% | -1.47% | 3.67% | -5.92% | -10.06% | -4.98% | -15.29% | -0.28% | 22.07% | -10.04% | 22.06% | 9.07% | -3.37% | 55.69% | 28.04% | 28.19% |
| Cost of Goods Sold | 543M | 1.7B | 471M | 1.72B | 1.23B | 1.19B | 1.09B | 981M | 1.08B | 977M | 1.04B | 980M | 1.11B | 1.21B | 1.52B | 1.4B | 1.33B | 1.75B | 1.56B | 1.18B |
| COGS % of Revenue | 17.92% | 53.16% | 16.11% | 61.91% | 40.29% | 43.27% | 41.09% | 41.99% | 38.94% | 35.09% | 40.48% | 39.47% | 36.12% | 41.4% | 50.28% | 56.35% | 52.73% | 53.64% | 62.95% | 51.6% |
| Gross Profit | 2.49B | 1.5B | 2.45B | 1.05B | 1.82B | 1.56B | 1.56B | 1.35B | 1.69B | 1.81B | 1.52B | 1.5B | 1.97B | 1.72B | 1.5B | 1.09B | 1.19B | 1.51B | 917M | 1.1B |
| Gross Margin % | 82.08% | 46.84% | 83.89% | 38.09% | 59.71% | 56.73% | 58.91% | 58.01% | 61.06% | 64.91% | 59.52% | 60.53% | 63.88% | 58.6% | 49.72% | 43.65% | 47.27% | 46.36% | 37.05% | 48.4% |
| Gross Profit Growth % | 36.65% | -3.73% | 56.88% | -22.14% | 7.56% | -13.89% | 2.63% | -9.85% | -14.02% | 5.24% | 1.4% | 38.27% | 64.96% | 13.71% | 63.8% | -1.63% | -2.29% | 32.57% | -17.09% | 3.76% |
| Operating Expenses | 1.17B | 191M | 1.34B | 168M | 726M | 763M | 725M | 659M | 680M | 720M | 529M | 633M | 608M | 645M | 682M | 615M | 539M | 573M | 562M | 505M |
| OpEx % of Revenue | 38.48% | 5.97% | 45.95% | 6.07% | 23.82% | 27.82% | 27.33% | 28.21% | 24.54% | 25.86% | 20.67% | 25.49% | 19.73% | 22.01% | 22.58% | 24.7% | 21.36% | 17.59% | 22.71% | 22.12% |
| Selling, General & Admin | 193M | 191M | 168M | 168M | 194M | 188M | 170M | 164M | 186M | 182M | 146M | 161M | 176M | 159M | 163M | 160M | 154M | 169M | 152M | 114M |
| SG&A % of Revenue | 6.37% | 5.97% | 5.75% | 6.07% | 6.36% | 6.85% | 6.41% | 7.02% | 6.71% | 6.54% | 5.71% | 6.48% | 5.71% | 5.43% | 5.4% | 6.43% | 6.1% | 5.19% | 6.14% | 4.99% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.32B | 1.31B | 1.11B | 887M | 1.09B | 793M | 838M | 696M | 1.01B | 1.09B | 994M | 870M | 1.36B | 1.07B | 820M | 472M | 654M | 937M | 355M | 600M |
| Operating Margin % | 43.6% | 40.87% | 37.94% | 32.02% | 35.89% | 28.91% | 31.59% | 29.79% | 36.52% | 39.04% | 38.84% | 35.04% | 44.14% | 36.59% | 27.14% | 18.96% | 25.91% | 28.77% | 14.34% | 26.28% |
| Operating Income Growth % | 20.75% | 64.82% | 32.34% | 27.44% | 8.1% | -27.05% | -15.69% | -20% | -25.59% | 1.4% | 21.22% | 84.32% | 107.95% | 14.41% | 130.99% | -21.33% | -11.5% | 80.89% | -44.62% | -1.96% |
| EBITDA | 1.7B | 1.88B | 1.67B | 1.52B | 1.68B | 1.36B | 1.4B | 1.24B | 1.56B | 1.62B | 1.51B | 1.39B | 1.87B | 1.58B | 1.32B | 978M | 1.15B | 1.39B | 842M | 1.06B |
| EBITDA Margin % | 56.01% | 58.66% | 57.24% | 54.73% | 55.09% | 49.51% | 52.92% | 52.91% | 56.3% | 58.05% | 59.2% | 55.78% | 60.56% | 53.82% | 43.69% | 39.28% | 45.64% | 42.71% | 34.02% | 46.56% |
| EBITDA Growth % | 1.07% | 38.14% | 19.16% | 22.65% | 7.63% | -15.97% | -7.33% | -10.76% | -16.4% | 2.47% | 14.77% | 41.62% | 61.98% | 13.37% | 56.77% | -8% | -2.12% | 45.81% | -21.09% | 2.02% |
| D&A (Non-Cash Add-back) | 376M | 569M | 564M | 629M | 585M | 565M | 566M | 540M | 548M | 529M | 521M | 515M | 506M | 505M | 500M | 506M | 498M | 454M | 487M | 463M |
| EBIT | 1.16B | 1.39B | 1.3B | 1.11B | 1.27B | 946M | 1.31B | 894M | 1.2B | 1.87B | 1.18B | 1.06B | 1.53B | 1.24B | 1.01B | 643M | 796M | 1.13B | 518M | 739M |
| Net Interest Income | -376M | -360M | -372M | -346M | -349M | -327M | -338M | -339M | -349M | -259M | -314M | -306M | -294M | -289M | -291M | -281M | -286M | -295M | -292M | -298M |
| Interest Income | 0 | 11M | 0 | 4M | 0 | 11M | 0 | 0 | 0 | 63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 376M | 371M | 372M | 350M | 349M | 338M | 338M | 339M | 349M | 322M | 314M | 306M | 294M | 289M | 291M | 281M | 286M | 295M | 292M | 298M |
| Other Income/Expense | -165M | -290M | -180M | -130M | -172M | -185M | 130M | -141M | -157M | 460M | -133M | -114M | -119M | -119M | -103M | -110M | -144M | -107M | -129M | -159M |
| Pretax Income | 1.16B | 1.02B | 929M | 757M | 922M | 608M | 968M | 555M | 855M | 1.55B | 861M | 756M | 1.24B | 953M | 717M | 362M | 510M | 830M | 226M | 441M |
| Pretax Margin % | 38.15% | 31.8% | 31.78% | 27.33% | 30.25% | 22.17% | 36.49% | 23.76% | 30.86% | 55.57% | 33.65% | 30.45% | 40.28% | 32.53% | 23.73% | 14.54% | 20.21% | 25.48% | 9.13% | 19.32% |
| Income Tax | 244M | 244M | 246M | 174M | 193M | 91M | 227M | 129M | 193M | 370M | 176M | 175M | 284M | 256M | 96M | -45M | 118M | 198M | 53M | 119M |
| Effective Tax Rate % | 21.11% | 23.99% | 26.48% | 22.99% | 20.93% | 14.97% | 23.45% | 23.24% | 22.57% | 23.92% | 20.44% | 23.15% | 22.88% | 26.86% | 13.39% | -12.43% | 23.14% | 23.86% | 23.45% | 26.98% |
| Net Income | 912M | 734M | 647M | 546M | 691M | 486M | 706M | 401M | 632M | 1.14B | 654M | 460M | 927M | 669M | 600M | 400M | 380M | 622M | 165M | 304M |
| Net Margin % | 30.1% | 22.95% | 22.13% | 19.71% | 22.67% | 17.72% | 26.61% | 17.17% | 22.81% | 40.88% | 25.56% | 18.53% | 30.09% | 22.83% | 19.86% | 16.06% | 15.06% | 19.1% | 6.67% | 13.32% |
| Net Income Growth % | 31.98% | 51.03% | -8.36% | 36.16% | 9.34% | -57.29% | 7.95% | -12.83% | -31.82% | 70.1% | 9% | 15% | 143.95% | 7.56% | 263.64% | 31.58% | -10.8% | 436.21% | -46.6% | 0.33% |
| Net Income (Continuing) | 912M | 773M | 683M | 583M | 729M | 517M | 741M | 426M | 662M | 1.18B | 685M | 581M | 957M | 697M | 621M | 407M | 392M | 632M | 173M | 322M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.17B | 2.19B | 2.34B | 2.37B | 2.38B | 2.4B | 2.44B | 2.45B | 2.48B | 2.49B | 2.5B | 2.53B | 2.54B | 2.56B | 2.59B | 2.61B | 2.65B | 2.68B | 2.72B | 2.75B |
| EPS (Diluted) | 0.71 | 0.60 | 0.53 | 0.45 | 0.57 | 0.40 | 0.58 | 0.33 | 0.52 | 0.93 | 0.54 | 0.38 | 0.76 | 0.55 | 0.49 | 0.33 | 0.31 | 0.52 | 0.13 | 0.25 |
| EPS Growth % | 24.56% | 50% | -8.62% | 36.36% | 9.62% | -56.99% | 7.41% | -13.16% | -31.58% | 69.09% | 10.2% | 15.15% | 145.16% | 5.77% | 276.92% | 32% | -11.43% | 511.76% | -48% | 0% |
| EPS (Basic) | 0.71 | 0.60 | 0.53 | 0.45 | 0.57 | 0.40 | 0.58 | 0.33 | 0.52 | 0.93 | 0.54 | 0.38 | 0.76 | 0.55 | 0.49 | 0.33 | 0.31 | 0.52 | 0.14 | 0.25 |
| Diluted Shares Outstanding | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.23B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
| Basic Shares Outstanding | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
| Dividend Payout Ratio | 70.39% | 83.11% | 94.44% | 111.9% | 88.28% | 119.14% | 82.01% | 144.39% | 91.61% | 47.8% | 83.18% | 118.48% | 58.9% | 77.43% | 86.33% | 129.25% | 136.32% | 80.06% | 301.82% | 163.82% |