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Side-by-side financial comparison of Kenvue (KVUE) 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 $3.8B, roughly 1.0× Kenvue). Williams Companies runs the higher net margin — 19.1% vs 8.7%, a 10.4% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 3.2%). Kenvue produced more free cash flow last quarter ($744.0M vs $-379.0M). Over the past eight quarters, Williams Companies's revenue compounded faster (7.3% CAGR vs -1.5%).

Kenvue Inc. is an American consumer health company. Formerly the Consumer Healthcare division of Johnson & Johnson, Kenvue owns well-known brands such as Aveeno, Band-Aid, Benadryl, Combantrin, Zyrtec, Johnson's, Listerine, Lactaid, Mylanta, Neutrogena, Trosyd, Calpol, Tylenol, and Visine. Kenvue is incorporated in Delaware and was originally headquartered in the Skillman section of Montgomery Township, New Jersey, before relocating to Summit, New Jersey.

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.

KVUE vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.0× larger
WMB
$3.8B
$3.8B
KVUE
Growing faster (revenue YoY)
WMB
WMB
+9.4% gap
WMB
12.7%
3.2%
KVUE
Higher net margin
WMB
WMB
10.4% more per $
WMB
19.1%
8.7%
KVUE
More free cash flow
KVUE
KVUE
$1.1B more FCF
KVUE
$744.0M
$-379.0M
WMB
Faster 2-yr revenue CAGR
WMB
WMB
Annualised
WMB
7.3%
-1.5%
KVUE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KVUE
KVUE
WMB
WMB
Revenue
$3.8B
$3.8B
Net Profit
$330.0M
$734.0M
Gross Margin
56.5%
Operating Margin
14.2%
27.3%
Net Margin
8.7%
19.1%
Revenue YoY
3.2%
12.7%
Net Profit YoY
12.6%
51.0%
EPS (diluted)
$0.16
$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
KVUE
KVUE
WMB
WMB
Q4 25
$3.8B
$3.8B
Q3 25
$3.8B
$3.5B
Q2 25
$3.8B
$3.4B
Q1 25
$3.7B
$4.2B
Q4 24
$3.7B
$3.4B
Q3 24
$3.9B
$3.0B
Q2 24
$4.0B
$2.8B
Q1 24
$3.9B
$3.3B
Net Profit
KVUE
KVUE
WMB
WMB
Q4 25
$330.0M
$734.0M
Q3 25
$398.0M
$647.0M
Q2 25
$420.0M
$546.0M
Q1 25
$322.0M
$691.0M
Q4 24
$293.0M
$486.0M
Q3 24
$383.0M
$706.0M
Q2 24
$58.0M
$401.0M
Q1 24
$296.0M
$632.0M
Gross Margin
KVUE
KVUE
WMB
WMB
Q4 25
56.5%
Q3 25
59.1%
Q2 25
58.9%
Q1 25
58.0%
Q4 24
56.5%
Q3 24
58.5%
Q2 24
59.1%
Q1 24
57.6%
Operating Margin
KVUE
KVUE
WMB
WMB
Q4 25
14.2%
27.3%
Q3 25
16.7%
31.8%
Q2 25
18.0%
28.0%
Q1 25
14.9%
26.1%
Q4 24
13.2%
23.2%
Q3 24
16.8%
27.6%
Q2 24
3.9%
24.4%
Q1 24
14.1%
30.3%
Net Margin
KVUE
KVUE
WMB
WMB
Q4 25
8.7%
19.1%
Q3 25
10.6%
18.5%
Q2 25
10.9%
16.2%
Q1 25
8.6%
16.5%
Q4 24
8.0%
14.2%
Q3 24
9.8%
23.3%
Q2 24
1.5%
14.1%
Q1 24
7.6%
18.9%
EPS (diluted)
KVUE
KVUE
WMB
WMB
Q4 25
$0.16
$0.60
Q3 25
$0.21
$0.53
Q2 25
$0.22
$0.45
Q1 25
$0.17
$0.56
Q4 24
$0.16
$0.39
Q3 24
$0.20
$0.58
Q2 24
$0.03
$0.33
Q1 24
$0.15
$0.52

Balance Sheet & Financial Strength

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

Metric
KVUE
KVUE
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$27.3B
Stockholders' EquityBook value
$10.8B
$12.8B
Total Assets
$27.1B
$58.6B
Debt / EquityLower = less leverage
2.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KVUE
KVUE
WMB
WMB
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.2B
Total Debt
KVUE
KVUE
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
KVUE
KVUE
WMB
WMB
Q4 25
$10.8B
$12.8B
Q3 25
$10.6B
$12.5B
Q2 25
$10.7B
$12.4B
Q1 25
$10.1B
$12.5B
Q4 24
$9.7B
$12.4B
Q3 24
$10.6B
$12.4B
Q2 24
$10.2B
$12.3B
Q1 24
$10.6B
$12.4B
Total Assets
KVUE
KVUE
WMB
WMB
Q4 25
$27.1B
$58.6B
Q3 25
$27.2B
$55.7B
Q2 25
$27.1B
$56.1B
Q1 25
$26.3B
$54.9B
Q4 24
$25.6B
$54.5B
Q3 24
$26.9B
$53.8B
Q2 24
$26.4B
$52.4B
Q1 24
$27.3B
$52.7B
Debt / Equity
KVUE
KVUE
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
KVUE
KVUE
WMB
WMB
Operating Cash FlowLast quarter
$854.0M
$1.6B
Free Cash FlowOCF − Capex
$744.0M
$-379.0M
FCF MarginFCF / Revenue
19.7%
-9.9%
Capex IntensityCapex / Revenue
2.9%
50.9%
Cash ConversionOCF / Net Profit
2.59×
2.15×
TTM Free Cash FlowTrailing 4 quarters
$1.7B
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KVUE
KVUE
WMB
WMB
Q4 25
$854.0M
$1.6B
Q3 25
$294.0M
$1.4B
Q2 25
$621.0M
$1.4B
Q1 25
$428.0M
$1.4B
Q4 24
$793.0M
$1.2B
Q3 24
$249.0M
$1.2B
Q2 24
$440.0M
$1.3B
Q1 24
$287.0M
$1.2B
Free Cash Flow
KVUE
KVUE
WMB
WMB
Q4 25
$744.0M
$-379.0M
Q3 25
$196.0M
$485.0M
Q2 25
$533.0M
$478.0M
Q1 25
$249.0M
$421.0M
Q4 24
$661.0M
$450.0M
Q3 24
$190.0M
$561.0M
Q2 24
$350.0M
$700.0M
Q1 24
$134.0M
$690.0M
FCF Margin
KVUE
KVUE
WMB
WMB
Q4 25
19.7%
-9.9%
Q3 25
5.2%
13.9%
Q2 25
13.9%
14.2%
Q1 25
6.7%
10.1%
Q4 24
18.1%
13.2%
Q3 24
4.9%
18.5%
Q2 24
8.8%
24.6%
Q1 24
3.4%
20.7%
Capex Intensity
KVUE
KVUE
WMB
WMB
Q4 25
2.9%
50.9%
Q3 25
2.6%
27.3%
Q2 25
2.3%
28.8%
Q1 25
4.8%
24.2%
Q4 24
3.6%
22.5%
Q3 24
1.5%
22.5%
Q2 24
2.3%
20.3%
Q1 24
3.9%
16.3%
Cash Conversion
KVUE
KVUE
WMB
WMB
Q4 25
2.59×
2.15×
Q3 25
0.74×
2.22×
Q2 25
1.48×
2.66×
Q1 25
1.33×
2.07×
Q4 24
2.71×
2.51×
Q3 24
0.65×
1.76×
Q2 24
7.59×
3.19×
Q1 24
0.97×
1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KVUE
KVUE

Self Care$1.6B42%
Essential Health$1.1B30%
Skin Health And Beauty$1.0B28%

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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