# WILLIAMS COMPANIES, INC. (WMB) · Edgar & Edgarette company card

> Williams Companies (WMB) grew revenue 17.9% in FY2025 to $14.9 billion, operating margin 28.2%, in line with the 27.9% median for natural gas transmission, equity 21.9% of assets, and dividend per share up 8 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 107263 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WMB) · [JSON](https://www.pops4.com/boards/company/WMB.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $14.9B |
| Revenue growth, 1 year | 17.9% |
| Revenue growth per year | 3.9% |
| Operating margin | 28.2% (prior year 26.4%) |
| Net margin | 18.6% |
| Operating cash flow | $5.9B |
| Capital spending | $5.4B |
| Free cash flow | $474M |
| Cash | $63M |
| Long-term debt | $28.7B |
| Total assets | $58.6B |
| Total equity | $12.8B |
| Equity ÷ assets | 21.9% |
| Return on equity | 21.6% |
| Dividend per share | $2 |
| Dividend years rising | 8 |

## Readings, computed from those figures

- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±30%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $14.9B (FY2025), total debt $28.7B. Experience: revenue up 17.9% on the year, up 3.9% a year over 4 years; operating margin 28.2%, up from 26.4%. Soundness: equity 21.9% of assets, return on equity 21.6%, payout 88.2% of profit, dividend per share up 8 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.2B and $20.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $8.5B to $26.2B. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, natural gas transmission): operating margin 28.2% against a 27.9% median; growth 17.9% against 12.2%.

Range logged 2026-09-24, receipt 17ca07dad94c93a7, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-08-21 ([filing](https://www.sec.gov/Archives/edgar/data/107263/000010726326000028/0000107263-26-000028-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/107263/000119312526443903/0001193125-26-443903-index.htm)
- 10-Q · filed 2026-11-02 · [filing](https://www.sec.gov/Archives/edgar/data/107263/000010726326000036/0000107263-26-000036-index.htm)
- 8-K · filed 2026-11-02 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/107263/000010726326000035/0000107263-26-000035-index.htm)
- 8-K · filed 2026-09-10 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/107263/000119312526387930/0001193125-26-387930-index.htm)
- 8-K · filed 2026-09-10 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/107263/000119312526387359/0001193125-26-387359-index.htm)
- 8-K · filed 2026-09-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/107263/000119312526381926/0001193125-26-381926-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000107263.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=107263

## Cite

POPS4, Edgar & Edgarette: WILLIAMS COMPANIES, INC. (WMB) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/WMB. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.