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Screener / SEC EDGAR /CIK 0000107263 /10-K filed Feb 24, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks
Energy peers:
FANGAPAEXEKMITRGPWMB
NYSE Energy · Pipelines

Williams Companies WMB

WMB quote by TradingView
Employees
5,987
Headquarters
Tulsa, OK
CEO
Mr. Armstrong and Mr. Zamarin
Next results
around Feb 9, 2027
Compare with peers Embed

WMB among Energy peers

Six ratios from the latest 10-K. Each corner is the share of 20 peers the company is above, not a score.

Compare
Revenue growth: 17.9%, above 80% of 20 peers (their median -1.0%) REVENUE GROWTH 17.9% · above 80% Operating margin: 30.2%, above 67% of 12 peers (their median 24.1%) OPERATING MARGIN 30.2% · above 67% Net margin: 19.9%, above 75% of 20 peers (their median 12.5%) NET MARGIN 19.9% · above 75% FCF margin: -0.7%, above 0% of 13 peers (their median 12.4%) FCF MARGIN -0.7% · above 0% Return on capital: 7.3%, above 25% of 12 peers (their median 8.8%) RETURN ON CAPITAL 7.3% · above 25%
WMB Peer median Below the median

What changed

1 new risk paragraph and 1 accounting fact worth reading about. 10-K filed Feb 24, 2026 against Feb 25, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Regulatory Accounting (“As discussed in Note 1 to the consolidated financial statements, certain of the Company’s consolidated subsidiaries are regulated by the Federal Energy Regulatory Commission (“FERC”) and apply accounting principles outlined in Accounting Standards Codification (“ASC”) Topic 980, Regulated Operations”). No longer listed: Pension Benefits Obligation
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Regulatory Accounting (“As discussed in Note 1 to the consolidated financial statements, certain of the Company’s consolidated subsidiaries are regulated by the Federal Energy Regulatory Commission (“FERC”) and apply accounting principles outlined in Accounting Standards Codification (“ASC”) Topic 980, Regulated Operations”). No longer listed: Pension Benefits Obligation
  • Receivables +11.9% vs revenue +17.9% (-6.1 pts)
9 more checks with nothing to note
  • Cash from operations $5.9B vs net income $2.6B (FY ending Dec 31, 2025)
  • Inventory +12.5% vs revenue +17.9% (-5.4 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 25, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    Further, Williams has invested in several power innovation projects and continues to evaluate power innovation projects related to data center growth. Additional risks associated with identifying, evaluating, and executing on power innovation projects may include accurately predicting future power needs of data centers due to rapidly…

New risk paragraphs, against peers

Latest 10-K of each, Energy companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$17.8B$12.0B$12.6B$14.9B
Net income$2.0B$3.2B$2.2B$2.6B
Operating cash flow$4.9B$5.9B$5.0B$5.9B
Free cash flow$2.6B$3.4B$2.4B$1.0B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$14.9B ▲ 17.9% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Williams Companies, Tulsa, OK · from the 10-K filed Feb 24, 2026

This report includes information for multiple registrants, specifically The Williams Companies, Inc. (Williams), as well as Transcontinental Gas Pipe Line Company, LLC (Transco) and Northwest Pipeline LLC (NWP) both of which are wholly owned subsidiaries of Williams (collectively, the Registrants). References to subsidiaries by name, including equity-method investees, Transco, and NWP, refer exclusively to those businesses and operations.

Headquarters
Tulsa, OK
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 2, 2026
Incorporated in
DE

Employees, at the top of the page: "As of February 1, 2026, Williams had 5,987 full-time employees located throughout the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 24, 2026 (open at SEC), compared with the 10-K filed Feb 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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