How does Williams Companies (WMB) make money?

Williams Companies (WMB) primarily makes money through Gas & NGL Marketing Services, which accounts for 52.4% of total revenue. For TTM through Q4 2025, Williams Companies generated $11.94B in total revenue with a net profit margin of 21.9%.

What is Williams Companies (WMB) gross profit margin?

Williams Companies (WMB) reported a gross profit margin of 57.2% for TTM through Q4 2025, equivalent to $6.83B in gross profit. This means Williams Companies retains 57.2% of each revenue unit after direct costs of production.

What is Williams Companies (WMB) operating profit margin?

Williams Companies (WMB) reported an operating profit margin of 36.8% for TTM through Q4 2025, equivalent to $4.40B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Williams Companies (WMB) net profit margin?

Williams Companies (WMB) reported a net profit margin of 21.9% for TTM through Q4 2025, equivalent to $2.62B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Williams Companies (WMB) spend on capital expenditures?

Williams Companies (WMB) spent $5.00B on capital expenditures in TTM through Q4 2025 (41.9% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Williams Companies (WMB) free cash flow?

Williams Companies (WMB) generated $899.00M in free cash flow for TTM through Q4 2025 (7.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Williams Companies (WMB) effective tax rate?

Williams Companies (WMB) had an effective tax rate of 23.6% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Williams Companies (WMB) Makes Money: A Visual Guide

Williams Companies (WMB) generated $11.94B in revenue, earning $2.62B in net profit (21.9% margin). Its largest revenue source is Gas & NGL Marketing Services (52.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Williams Companies (WMB) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 24, 2026).

Frequently asked questions

How does Williams Companies (WMB) make money?: Williams Companies (WMB) primarily makes money through Gas & NGL Marketing Services, which accounts for 52.4% of total revenue. For TTM through Q4 2025, Williams Companies generated $11.94B in total revenue with a net profit margin of 21.9%.
What is Williams Companies (WMB) gross profit margin?: Williams Companies (WMB) reported a gross profit margin of 57.2% for TTM through Q4 2025, equivalent to $6.83B in gross profit. This means Williams Companies retains 57.2% of each revenue unit after direct costs of production.
What is Williams Companies (WMB) operating profit margin?: Williams Companies (WMB) reported an operating profit margin of 36.8% for TTM through Q4 2025, equivalent to $4.40B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Williams Companies (WMB) net profit margin?: Williams Companies (WMB) reported a net profit margin of 21.9% for TTM through Q4 2025, equivalent to $2.62B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Williams Companies (WMB) spend on capital expenditures?: Williams Companies (WMB) spent $5.00B on capital expenditures in TTM through Q4 2025 (41.9% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Williams Companies (WMB) free cash flow?: Williams Companies (WMB) generated $899.00M in free cash flow for TTM through Q4 2025 (7.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Williams Companies (WMB) effective tax rate?: Williams Companies (WMB) had an effective tax rate of 23.6% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.