What is the primary revenue source for Williams Companies (WMB)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze WMB's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Williams Companies's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Williams Companies Makes Money: WMB Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 61.02% of revenue, indicating concentration.

Operating margin improved by 6.17 percentage points year over year.

Revenue: USD 6.08B
Largest revenue segment share (Others): 61.02%
Selling, general and administrative: USD 373.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Others)Others · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100
RevenueRevenues · Revenues
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 44.41B
Accounts receivable: USD 1.97B
Inventory: USD 335.00M
Shareholder equity: USD 15.37B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableReceivables, net, current · ReceivablesNetCurrent
Property, plant and equipmentProperty, plant, and equipment – net · PropertyPlantAndEquipmentNet
InventoryInventory, net · InventoryNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow is negative after capital expenditure.

Operating cash flow: USD 2.98B
Free cash flow: USD −214.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 1.28B
Stock issuance proceeds: USD 8.00M
Net shareholder return: USD 1.28B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Stock issuance proceedsProceeds from issuance of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?