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Side-by-side financial comparison of JinkoSolar Holding Co., Ltd. (JKS) 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 $2.5B, roughly 1.5× JinkoSolar Holding Co., Ltd.). Over the past eight quarters, Williams Companies's revenue compounded faster (7.3% CAGR vs -23.1%).

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

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.

JKS vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.5× larger
WMB
$3.8B
$2.5B
JKS
Faster 2-yr revenue CAGR
WMB
WMB
Annualised
WMB
7.3%
-23.1%
JKS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JKS
JKS
WMB
WMB
Revenue
$2.5B
$3.8B
Net Profit
$734.0M
Gross Margin
0.3%
Operating Margin
27.3%
Net Margin
19.1%
Revenue YoY
12.7%
Net Profit YoY
51.0%
EPS (diluted)
$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
JKS
JKS
WMB
WMB
Q2 26
$2.5B
Q4 25
$3.8B
Q3 25
$3.5B
Q2 25
$2.3B
$3.4B
Q1 25
$1.9B
$4.2B
Q4 24
$3.4B
Q3 24
$3.5B
$3.0B
Q2 24
$3.3B
$2.8B
Net Profit
JKS
JKS
WMB
WMB
Q2 26
Q4 25
$734.0M
Q3 25
$647.0M
Q2 25
$546.0M
Q1 25
$691.0M
Q4 24
$486.0M
Q3 24
$706.0M
Q2 24
$401.0M
Gross Margin
JKS
JKS
WMB
WMB
Q2 26
0.3%
Q4 25
Q3 25
Q2 25
7.3%
Q1 25
Q4 24
Q3 24
15.7%
Q2 24
11.1%
Operating Margin
JKS
JKS
WMB
WMB
Q2 26
Q4 25
27.3%
Q3 25
31.8%
Q2 25
28.0%
Q1 25
26.1%
Q4 24
23.2%
Q3 24
27.6%
Q2 24
24.4%
Net Margin
JKS
JKS
WMB
WMB
Q2 26
Q4 25
19.1%
Q3 25
18.5%
Q2 25
16.2%
Q1 25
16.5%
Q4 24
14.2%
Q3 24
23.3%
Q2 24
14.1%
EPS (diluted)
JKS
JKS
WMB
WMB
Q2 26
Q4 25
$0.60
Q3 25
$0.53
Q2 25
$0.45
Q1 25
$0.56
Q4 24
$0.39
Q3 24
$0.58
Q2 24
$0.33

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Total Debt
JKS
JKS
WMB
WMB
Q2 26
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
Stockholders' Equity
JKS
JKS
WMB
WMB
Q2 26
Q4 25
$12.8B
Q3 25
$12.5B
Q2 25
$12.4B
Q1 25
$12.5B
Q4 24
$12.4B
Q3 24
$12.4B
Q2 24
$12.3B
Total Assets
JKS
JKS
WMB
WMB
Q2 26
Q4 25
$58.6B
Q3 25
$55.7B
Q2 25
$56.1B
Q1 25
$54.9B
Q4 24
$54.5B
Q3 24
$53.8B
Q2 24
$52.4B
Debt / Equity
JKS
JKS
WMB
WMB
Q2 26
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×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JKS
JKS
WMB
WMB
Q2 26
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.3B
Free Cash Flow
JKS
JKS
WMB
WMB
Q2 26
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
FCF Margin
JKS
JKS
WMB
WMB
Q2 26
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%
Capex Intensity
JKS
JKS
WMB
WMB
Q2 26
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%
Cash Conversion
JKS
JKS
WMB
WMB
Q2 26
Q4 25
2.15×
Q3 25
2.22×
Q2 25
2.66×
Q1 25
2.07×
Q4 24
2.51×
Q3 24
1.76×
Q2 24
3.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JKS
JKS

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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