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Side-by-side financial comparison of BARRICK MINING CORP (B) and Williams Companies (WMB). Click either name above to swap in a different company.

Williams Companies is the larger business by last-quarter revenue ($3.8B vs $3.7B, roughly 1.0× BARRICK MINING CORP). BARRICK MINING CORP runs the higher net margin — 34.1% vs 19.1%, a 15.0% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 12.7%).

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

The Williams Companies, Inc. is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.

B vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.0× larger
WMB
$3.8B
$3.7B
B
Growing faster (revenue YoY)
B
B
+3.7% gap
B
16.4%
12.7%
WMB
Higher net margin
B
B
15.0% more per $
B
34.1%
19.1%
WMB

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
B
B
WMB
WMB
Revenue
$3.7B
$3.8B
Net Profit
$1.3B
$734.0M
Gross Margin
49.0%
Operating Margin
38.5%
27.3%
Net Margin
34.1%
19.1%
Revenue YoY
16.4%
12.7%
Net Profit YoY
98.1%
51.0%
EPS (diluted)
$0.47
$0.60

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
B
B
WMB
WMB
Q4 25
$3.8B
Q3 25
$3.5B
Q2 25
$3.7B
$3.4B
Q1 25
$4.2B
Q4 24
$3.4B
Q3 24
$3.0B
Q2 24
$3.2B
$2.8B
Q1 24
$3.3B
Net Profit
B
B
WMB
WMB
Q4 25
$734.0M
Q3 25
$647.0M
Q2 25
$1.3B
$546.0M
Q1 25
$691.0M
Q4 24
$486.0M
Q3 24
$706.0M
Q2 24
$634.0M
$401.0M
Q1 24
$632.0M
Gross Margin
B
B
WMB
WMB
Q4 25
Q3 25
Q2 25
49.0%
Q1 25
Q4 24
Q3 24
Q2 24
37.4%
Q1 24
Operating Margin
B
B
WMB
WMB
Q4 25
27.3%
Q3 25
31.8%
Q2 25
38.5%
28.0%
Q1 25
26.1%
Q4 24
23.2%
Q3 24
27.6%
Q2 24
34.5%
24.4%
Q1 24
30.3%
Net Margin
B
B
WMB
WMB
Q4 25
19.1%
Q3 25
18.5%
Q2 25
34.1%
16.2%
Q1 25
16.5%
Q4 24
14.2%
Q3 24
23.3%
Q2 24
20.1%
14.1%
Q1 24
18.9%
EPS (diluted)
B
B
WMB
WMB
Q4 25
$0.60
Q3 25
$0.53
Q2 25
$0.47
$0.45
Q1 25
$0.56
Q4 24
$0.39
Q3 24
$0.58
Q2 24
$0.21
$0.33
Q1 24
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
B
B
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$4.8B
Total DebtLower is stronger
$27.3B
Stockholders' EquityBook value
$33.4B
$12.8B
Total Assets
$47.3B
$58.6B
Debt / EquityLower = less leverage
2.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
B
B
WMB
WMB
Q4 25
Q3 25
Q2 25
$4.8B
Q1 25
Q4 24
Q3 24
Q2 24
$4.0B
Q1 24
Total Debt
B
B
WMB
WMB
Q4 25
$27.3B
Q3 25
$25.6B
Q2 25
$25.6B
Q1 25
$24.1B
Q4 24
$24.7B
Q3 24
$24.8B
Q2 24
$24.1B
Q1 24
$24.1B
Stockholders' Equity
B
B
WMB
WMB
Q4 25
$12.8B
Q3 25
$12.5B
Q2 25
$33.4B
$12.4B
Q1 25
$12.5B
Q4 24
$12.4B
Q3 24
$12.4B
Q2 24
$32.5B
$12.3B
Q1 24
$12.4B
Total Assets
B
B
WMB
WMB
Q4 25
$58.6B
Q3 25
$55.7B
Q2 25
$47.3B
$56.1B
Q1 25
$54.9B
Q4 24
$54.5B
Q3 24
$53.8B
Q2 24
$46.2B
$52.4B
Q1 24
$52.7B
Debt / Equity
B
B
WMB
WMB
Q4 25
2.13×
Q3 25
2.04×
Q2 25
2.06×
Q1 25
1.93×
Q4 24
1.99×
Q3 24
2.00×
Q2 24
1.96×
Q1 24
1.94×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
B
B
WMB
WMB
Operating Cash FlowLast quarter
$1.3B
$1.6B
Free Cash FlowOCF − Capex
$-379.0M
FCF MarginFCF / Revenue
-9.9%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
1.06×
2.15×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
B
B
WMB
WMB
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$1.3B
Q1 24
$1.2B
Free Cash Flow
B
B
WMB
WMB
Q4 25
$-379.0M
Q3 25
$485.0M
Q2 25
$478.0M
Q1 25
$421.0M
Q4 24
$450.0M
Q3 24
$561.0M
Q2 24
$700.0M
Q1 24
$690.0M
FCF Margin
B
B
WMB
WMB
Q4 25
-9.9%
Q3 25
13.9%
Q2 25
14.2%
Q1 25
10.1%
Q4 24
13.2%
Q3 24
18.5%
Q2 24
24.6%
Q1 24
20.7%
Capex Intensity
B
B
WMB
WMB
Q4 25
50.9%
Q3 25
27.3%
Q2 25
28.8%
Q1 25
24.2%
Q4 24
22.5%
Q3 24
22.5%
Q2 24
20.3%
Q1 24
16.3%
Cash Conversion
B
B
WMB
WMB
Q4 25
2.15×
Q3 25
2.22×
Q2 25
1.06×
2.66×
Q1 25
2.07×
Q4 24
2.51×
Q3 24
1.76×
Q2 24
1.83×
3.19×
Q1 24
1.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

B
B

Segment breakdown not available.

WMB
WMB

Services$2.2B57%
Natural Gas Us Regulated$740.0M19%
West$730.0M19%
Non Regulated Service Commodity Consideration$51.0M1%
Natural Gas Gathering Transportation Marketing And Processing$45.0M1%
Affiliated Entity$23.0M1%
Other$14.0M0%
Other Service$11.0M0%

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