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Side-by-side financial comparison of Ralph Lauren Corporation (RL) 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 $2.4B, roughly 1.6× Ralph Lauren Corporation). Williams Companies runs the higher net margin — 19.1% vs 15.0%, a 4.1% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 12.2%). Ralph Lauren Corporation produced more free cash flow last quarter ($704.0M vs $-379.0M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs 7.3%).

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

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.

RL vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.6× larger
WMB
$3.8B
$2.4B
RL
Growing faster (revenue YoY)
WMB
WMB
+0.4% gap
WMB
12.7%
12.2%
RL
Higher net margin
WMB
WMB
4.1% more per $
WMB
19.1%
15.0%
RL
More free cash flow
RL
RL
$1.1B more FCF
RL
$704.0M
$-379.0M
WMB
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
7.3%
WMB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
RL
RL
WMB
WMB
Revenue
$2.4B
$3.8B
Net Profit
$361.6M
$734.0M
Gross Margin
69.9%
Operating Margin
19.6%
27.3%
Net Margin
15.0%
19.1%
Revenue YoY
12.2%
12.7%
Net Profit YoY
21.6%
51.0%
EPS (diluted)
$5.82
$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
RL
RL
WMB
WMB
Q4 25
$2.4B
$3.8B
Q3 25
$2.0B
$3.5B
Q2 25
$1.7B
$3.4B
Q1 25
$1.7B
$4.2B
Q4 24
$2.1B
$3.4B
Q3 24
$1.7B
$3.0B
Q2 24
$1.5B
$2.8B
Q1 24
$1.6B
$3.3B
Net Profit
RL
RL
WMB
WMB
Q4 25
$361.6M
$734.0M
Q3 25
$207.5M
$647.0M
Q2 25
$220.4M
$546.0M
Q1 25
$129.0M
$691.0M
Q4 24
$297.4M
$486.0M
Q3 24
$147.9M
$706.0M
Q2 24
$168.6M
$401.0M
Q1 24
$90.7M
$632.0M
Gross Margin
RL
RL
WMB
WMB
Q4 25
69.9%
Q3 25
68.0%
Q2 25
72.3%
Q1 25
68.7%
Q4 24
68.4%
Q3 24
67.0%
Q2 24
70.5%
Q1 24
66.6%
Operating Margin
RL
RL
WMB
WMB
Q4 25
19.6%
27.3%
Q3 25
12.2%
31.8%
Q2 25
15.9%
28.0%
Q1 25
9.1%
26.1%
Q4 24
18.2%
23.2%
Q3 24
10.4%
27.6%
Q2 24
13.8%
24.4%
Q1 24
6.9%
30.3%
Net Margin
RL
RL
WMB
WMB
Q4 25
15.0%
19.1%
Q3 25
10.3%
18.5%
Q2 25
12.8%
16.2%
Q1 25
7.6%
16.5%
Q4 24
13.9%
14.2%
Q3 24
8.6%
23.3%
Q2 24
11.1%
14.1%
Q1 24
5.8%
18.9%
EPS (diluted)
RL
RL
WMB
WMB
Q4 25
$5.82
$0.60
Q3 25
$3.32
$0.53
Q2 25
$3.52
$0.45
Q1 25
$2.03
$0.56
Q4 24
$4.66
$0.39
Q3 24
$2.31
$0.58
Q2 24
$2.61
$0.33
Q1 24
$1.37
$0.52

Balance Sheet & Financial Strength

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

Metric
RL
RL
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$2.3B
Total DebtLower is stronger
$27.3B
Stockholders' EquityBook value
$2.9B
$12.8B
Total Assets
$7.8B
$58.6B
Debt / EquityLower = less leverage
2.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RL
RL
WMB
WMB
Q4 25
$2.3B
Q3 25
$1.6B
Q2 25
$2.3B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$1.7B
Q2 24
$1.8B
Q1 24
$1.8B
Total Debt
RL
RL
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
RL
RL
WMB
WMB
Q4 25
$2.9B
$12.8B
Q3 25
$2.6B
$12.5B
Q2 25
$2.5B
$12.4B
Q1 25
$2.6B
$12.5B
Q4 24
$2.5B
$12.4B
Q3 24
$2.4B
$12.4B
Q2 24
$2.4B
$12.3B
Q1 24
$2.5B
$12.4B
Total Assets
RL
RL
WMB
WMB
Q4 25
$7.8B
$58.6B
Q3 25
$7.3B
$55.7B
Q2 25
$7.8B
$56.1B
Q1 25
$7.0B
$54.9B
Q4 24
$7.1B
$54.5B
Q3 24
$6.8B
$53.8B
Q2 24
$6.6B
$52.4B
Q1 24
$6.6B
$52.7B
Debt / Equity
RL
RL
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
RL
RL
WMB
WMB
Operating Cash FlowLast quarter
$779.6M
$1.6B
Free Cash FlowOCF − Capex
$704.0M
$-379.0M
FCF MarginFCF / Revenue
29.3%
-9.9%
Capex IntensityCapex / Revenue
3.1%
50.9%
Cash ConversionOCF / Net Profit
2.16×
2.15×
TTM Free Cash FlowTrailing 4 quarters
$694.5M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RL
RL
WMB
WMB
Q4 25
$779.6M
$1.6B
Q3 25
$53.2M
$1.4B
Q2 25
$176.1M
$1.4B
Q1 25
$122.2M
$1.4B
Q4 24
$738.4M
$1.2B
Q3 24
$97.2M
$1.2B
Q2 24
$277.3M
$1.3B
Q1 24
$1.2B
Free Cash Flow
RL
RL
WMB
WMB
Q4 25
$704.0M
$-379.0M
Q3 25
$-40.6M
$485.0M
Q2 25
$-11.2M
$478.0M
Q1 25
$42.3M
$421.0M
Q4 24
$677.2M
$450.0M
Q3 24
$55.5M
$561.0M
Q2 24
$243.9M
$700.0M
Q1 24
$690.0M
FCF Margin
RL
RL
WMB
WMB
Q4 25
29.3%
-9.9%
Q3 25
-2.0%
13.9%
Q2 25
-0.7%
14.2%
Q1 25
2.5%
10.1%
Q4 24
31.6%
13.2%
Q3 24
3.2%
18.5%
Q2 24
16.1%
24.6%
Q1 24
20.7%
Capex Intensity
RL
RL
WMB
WMB
Q4 25
3.1%
50.9%
Q3 25
4.7%
27.3%
Q2 25
10.9%
28.8%
Q1 25
4.7%
24.2%
Q4 24
2.9%
22.5%
Q3 24
2.4%
22.5%
Q2 24
2.2%
20.3%
Q1 24
16.3%
Cash Conversion
RL
RL
WMB
WMB
Q4 25
2.16×
2.15×
Q3 25
0.26×
2.22×
Q2 25
0.80×
2.66×
Q1 25
0.95×
2.07×
Q4 24
2.48×
2.51×
Q3 24
0.66×
1.76×
Q2 24
1.64×
3.19×
Q1 24
1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RL
RL

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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