Also trades as: 0LXB.L (LSE) · $vol 0M · WMB.DE (XETRA) · $vol 0M

$74.09

+2.34 (+3.26%)

After Hours: $73.17 (-0.92, -1.23%)

Weekly Expected Move ±4.7%

$65 $68 $72 $75 $78

NYSE · Energy · Oil & Gas Midstream · Tech Score Buy · Power 65 · $87.8B mcap · 1.22B float · 0.618% daily turnover · Short 37% of daily vol

Credit Risk of going bust: lower than 76% of companies Debt: 26.0% of company value Bonds: $978.3M held by 562 funds, 92 bp over Treasuries → details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.43 (down 98%), The Williams Companies, Inc. would be worth roughly what it owes.
Total debt $30.79B against a stock market value of $87.76B.
Distance to default 8.78 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $16.73B (short-term plus half of long-term), stock volatility 24.9%; Altman Z'' -0.11. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$11.9B +13.8% ▲

5Y CAGR: +9.1%

Gross Profit

$5.1B -16.9% ▼

5Y CAGR: +3.2%

Operating Income

$4.4B +31.8% ▲

5Y CAGR: +14.9%

Net Income

$2.6B +17.7% ▲

5Y CAGR: +65.5%

EPS (Diluted)

$2.14 +17.6% ▲

5Y CAGR: +66.0%

EBITDA

$7.4B +12.9% ▲

5Y CAGR: +18.5%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.6B	$11.0B	$10.9B	$10.5B	$11.9B
YoY Growth	+37.7%	+3.2%	-0.5%	-3.7%	+13.8%
Cost of Revenue	$5.9B	$5.5B	$4.1B	$4.3B	$6.8B
Gross Profit	$4.8B	$5.5B	$6.8B	$6.2B	$5.1B
Gross Margin	44.7%	50.2%	62.4%	58.7%	42.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$558M	$636M	$665M	$708M	$721M
Operating Expenses	$2.1B	$2.5B	$2.5B	$2.8B	$721M
Operating Income	$2.6B	$3.0B	$4.3B	$3.3B	$4.4B
Operating Margin	24.8%	27.5%	39.5%	31.8%	36.8%
Interest Expense	$1.2B	$1.1B	$1.2B	$1.4B	$1.4B
Income Before Tax	$2.1B	$2.5B	$4.4B	$3.0B	$3.6B
Tax Expense	$511M	$425M	$1.0B	$640M	$857M
Net Income	$1.5B	$2.0B	$3.2B	$2.2B	$2.6B
Net Margin	14.3%	18.7%	29.1%	21.2%	21.9%
EPS (Diluted)	$1.24	$1.67	$2.60	$1.82	$2.14
EBITDA	$5.1B	$5.7B	$7.7B	$6.6B	$7.4B
Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.7B	$2.7B	$3.0B	$2.8B	$2.9B	$3.2B	$3.0B	$3.1B
Cost of Revenue	$1.1B	$1.2B	$1.2B	$1.7B	$471M	$1.7B	$543M	$509M
Gross Profit	$1.6B	$1.6B	$1.8B	$1.1B	$2.5B	$1.5B	$2.5B	$2.5B
Gross Margin	58.9%	56.7%	59.7%	38.1%	83.9%	46.8%	82.1%	83.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$170M	$188M	$194M	$168M	$168M	$191M	$193M	$180M
Operating Expenses	$725M	$763M	$726M	$168M	$1.3B	$191M	$1.2B	$1.4B
Operating Income	$838M	$793M	$1.1B	$887M	$1.1B	$1.3B	$1.3B	$1.2B
Operating Margin	31.6%	28.9%	35.9%	32.0%	37.9%	40.9%	43.6%	38.7%
Interest Expense	$338M	$338M	$349M	$350M	$372M	$371M	$376M	$371M
Income Before Tax	$968M	$608M	$922M	$757M	$929M	$1.0B	$1.2B	$1.1B
Tax Expense	$227M	$91M	$193M	$174M	$246M	$244M	$244M	$260M
Net Income	$706M	$486M	$691M	$546M	$647M	$734M	$865M	$827M
Net Margin	26.6%	17.7%	22.7%	19.7%	22.1%	23.0%	28.5%	27.1%
EPS (Diluted)	$0.58	$0.40	$0.57	$0.45	$0.53	$0.60	$0.71	$0.68
EBITDA	$1.9B	$1.5B	$1.9B	$1.7B	$1.9B	$2.0B	$1.5B	$2.1B
Shares Outstanding	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B

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