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Side-by-side financial comparison of TELUS CORP (TU) 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× TELUS CORP). Williams Companies runs the higher net margin — 19.1% vs -4.8%, a 23.9% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 2.2%).

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

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.

TU vs WMB — Head-to-Head

Bigger by revenue
WMB
WMB
1.0× larger
WMB
$3.8B
$3.7B
TU
Growing faster (revenue YoY)
WMB
WMB
+10.5% gap
WMB
12.7%
2.2%
TU
Higher net margin
WMB
WMB
23.9% more per $
WMB
19.1%
-4.8%
TU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
TU
TU
WMB
WMB
Revenue
$3.7B
$3.8B
Net Profit
$-178.8M
$734.0M
Gross Margin
90.2%
Operating Margin
3.4%
27.3%
Net Margin
-4.8%
19.1%
Revenue YoY
2.2%
12.7%
Net Profit YoY
-210.9%
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
TU
TU
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
$3.6B
$2.8B
Q1 24
$3.3B
Net Profit
TU
TU
WMB
WMB
Q4 25
$734.0M
Q3 25
$647.0M
Q2 25
$-178.8M
$546.0M
Q1 25
$691.0M
Q4 24
$486.0M
Q3 24
$706.0M
Q2 24
$161.3M
$401.0M
Q1 24
$632.0M
Gross Margin
TU
TU
WMB
WMB
Q4 25
Q3 25
Q2 25
90.2%
Q1 25
Q4 24
Q3 24
Q2 24
87.9%
Q1 24
Operating Margin
TU
TU
WMB
WMB
Q4 25
27.3%
Q3 25
31.8%
Q2 25
3.4%
28.0%
Q1 25
26.1%
Q4 24
23.2%
Q3 24
27.6%
Q2 24
13.7%
24.4%
Q1 24
30.3%
Net Margin
TU
TU
WMB
WMB
Q4 25
19.1%
Q3 25
18.5%
Q2 25
-4.8%
16.2%
Q1 25
16.5%
Q4 24
14.2%
Q3 24
23.3%
Q2 24
4.4%
14.1%
Q1 24
18.9%
EPS (diluted)
TU
TU
WMB
WMB
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
Q1 24
$0.52

Balance Sheet & Financial Strength

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

Metric
TU
TU
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$2.7B
Total DebtLower is stronger
$27.3B
Stockholders' EquityBook value
$11.8B
$12.8B
Total Assets
$44.3B
$58.6B
Debt / EquityLower = less leverage
2.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TU
TU
WMB
WMB
Q4 25
Q3 25
Q2 25
$2.7B
Q1 25
Q4 24
Q3 24
Q2 24
$676.7M
Q1 24
Total Debt
TU
TU
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
TU
TU
WMB
WMB
Q4 25
$12.8B
Q3 25
$12.5B
Q2 25
$11.8B
$12.4B
Q1 25
$12.5B
Q4 24
$12.4B
Q3 24
$12.4B
Q2 24
$12.4B
$12.3B
Q1 24
$12.4B
Total Assets
TU
TU
WMB
WMB
Q4 25
$58.6B
Q3 25
$55.7B
Q2 25
$44.3B
$56.1B
Q1 25
$54.9B
Q4 24
$54.5B
Q3 24
$53.8B
Q2 24
$41.8B
$52.4B
Q1 24
$52.7B
Debt / Equity
TU
TU
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
TU
TU
WMB
WMB
Operating Cash FlowLast quarter
$851.2M
$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
TU
TU
WMB
WMB
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$851.2M
$1.4B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.0B
$1.3B
Q1 24
$1.2B
Free Cash Flow
TU
TU
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
TU
TU
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
TU
TU
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
TU
TU
WMB
WMB
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
6.28×
3.19×
Q1 24
1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TU
TU

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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