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Side-by-side financial comparison of Universal Health Services (UHS) and Williams Companies (WMB). Click either name above to swap in a different company.

Universal Health Services is the larger business by last-quarter revenue ($4.5B vs $3.8B, roughly 1.2× Williams Companies). Williams Companies runs the higher net margin — 19.1% vs 8.0%, a 11.1% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 8.2%). Over the past eight quarters, Williams Companies's revenue compounded faster (7.3% CAGR vs 7.3%).

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 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.

UHS vs WMB — Head-to-Head

Bigger by revenue
UHS
UHS
1.2× larger
UHS
$4.5B
$3.8B
WMB
Growing faster (revenue YoY)
WMB
WMB
+4.5% gap
WMB
12.7%
8.2%
UHS
Higher net margin
WMB
WMB
11.1% more per $
WMB
19.1%
8.0%
UHS
Faster 2-yr revenue CAGR
WMB
WMB
Annualised
WMB
7.3%
7.3%
UHS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
UHS
UHS
WMB
WMB
Revenue
$4.5B
$3.8B
Net Profit
$358.7M
$734.0M
Gross Margin
Operating Margin
11.2%
27.3%
Net Margin
8.0%
19.1%
Revenue YoY
8.2%
12.7%
Net Profit YoY
11.5%
51.0%
EPS (diluted)
$5.65
$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
UHS
UHS
WMB
WMB
Q1 26
$4.5B
Q4 25
$4.5B
$3.8B
Q3 25
$4.5B
$3.5B
Q2 25
$4.3B
$3.4B
Q1 25
$4.1B
$4.2B
Q4 24
$4.1B
$3.4B
Q3 24
$4.0B
$3.0B
Q2 24
$3.9B
$2.8B
Net Profit
UHS
UHS
WMB
WMB
Q1 26
$358.7M
Q4 25
$445.9M
$734.0M
Q3 25
$373.0M
$647.0M
Q2 25
$353.2M
$546.0M
Q1 25
$316.7M
$691.0M
Q4 24
$332.4M
$486.0M
Q3 24
$258.7M
$706.0M
Q2 24
$289.2M
$401.0M
Operating Margin
UHS
UHS
WMB
WMB
Q1 26
11.2%
Q4 25
11.5%
27.3%
Q3 25
11.6%
31.8%
Q2 25
11.7%
28.0%
Q1 25
11.1%
26.1%
Q4 24
11.5%
23.2%
Q3 24
9.7%
27.6%
Q2 24
11.2%
24.4%
Net Margin
UHS
UHS
WMB
WMB
Q1 26
8.0%
Q4 25
9.9%
19.1%
Q3 25
8.3%
18.5%
Q2 25
8.2%
16.2%
Q1 25
7.7%
16.5%
Q4 24
8.1%
14.2%
Q3 24
6.5%
23.3%
Q2 24
7.4%
14.1%
EPS (diluted)
UHS
UHS
WMB
WMB
Q1 26
$5.65
Q4 25
$7.01
$0.60
Q3 25
$5.86
$0.53
Q2 25
$5.43
$0.45
Q1 25
$4.80
$0.56
Q4 24
$4.94
$0.39
Q3 24
$3.80
$0.58
Q2 24
$4.26
$0.33

Balance Sheet & Financial Strength

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

Metric
UHS
UHS
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$119.0M
Total DebtLower is stronger
$4.7B
$27.3B
Stockholders' EquityBook value
$7.5B
$12.8B
Total Assets
$15.7B
$58.6B
Debt / EquityLower = less leverage
0.63×
2.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UHS
UHS
WMB
WMB
Q1 26
$119.0M
Q4 25
$137.8M
Q3 25
$112.9M
Q2 25
$137.6M
Q1 25
$126.8M
Q4 24
$126.0M
Q3 24
$106.1M
Q2 24
$128.8M
Total Debt
UHS
UHS
WMB
WMB
Q1 26
$4.7B
Q4 25
$4.8B
$27.3B
Q3 25
$4.7B
$25.6B
Q2 25
$4.6B
$25.6B
Q1 25
$4.6B
$24.1B
Q4 24
$4.5B
$24.7B
Q3 24
$4.7B
$24.8B
Q2 24
$4.5B
$24.1B
Stockholders' Equity
UHS
UHS
WMB
WMB
Q1 26
$7.5B
Q4 25
$7.3B
$12.8B
Q3 25
$7.2B
$12.5B
Q2 25
$7.0B
$12.4B
Q1 25
$6.8B
$12.5B
Q4 24
$6.7B
$12.4B
Q3 24
$6.6B
$12.4B
Q2 24
$6.5B
$12.3B
Total Assets
UHS
UHS
WMB
WMB
Q1 26
$15.7B
Q4 25
$15.5B
$58.6B
Q3 25
$15.3B
$55.7B
Q2 25
$15.0B
$56.1B
Q1 25
$14.9B
$54.9B
Q4 24
$14.5B
$54.5B
Q3 24
$14.4B
$53.8B
Q2 24
$14.1B
$52.4B
Debt / Equity
UHS
UHS
WMB
WMB
Q1 26
0.63×
Q4 25
0.65×
2.13×
Q3 25
0.66×
2.04×
Q2 25
0.65×
2.06×
Q1 25
0.68×
1.93×
Q4 24
0.68×
1.99×
Q3 24
0.71×
2.00×
Q2 24
0.69×
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
UHS
UHS
WMB
WMB
Operating Cash FlowLast quarter
$401.6M
$1.6B
Free Cash FlowOCF − Capex
$-379.0M
FCF MarginFCF / Revenue
-9.9%
Capex IntensityCapex / Revenue
4.8%
50.9%
Cash ConversionOCF / Net Profit
1.12×
2.15×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UHS
UHS
WMB
WMB
Q1 26
$401.6M
Q4 25
$574.7M
$1.6B
Q3 25
$380.7M
$1.4B
Q2 25
$549.0M
$1.4B
Q1 25
$360.0M
$1.4B
Q4 24
$658.4M
$1.2B
Q3 24
$333.0M
$1.2B
Q2 24
$679.3M
$1.3B
Free Cash Flow
UHS
UHS
WMB
WMB
Q1 26
Q4 25
$293.5M
$-379.0M
Q3 25
$151.8M
$485.0M
Q2 25
$283.0M
$478.0M
Q1 25
$121.0M
$421.0M
Q4 24
$412.5M
$450.0M
Q3 24
$85.0M
$561.0M
Q2 24
$437.9M
$700.0M
FCF Margin
UHS
UHS
WMB
WMB
Q1 26
Q4 25
6.5%
-9.9%
Q3 25
3.4%
13.9%
Q2 25
6.6%
14.2%
Q1 25
3.0%
10.1%
Q4 24
10.0%
13.2%
Q3 24
2.1%
18.5%
Q2 24
11.2%
24.6%
Capex Intensity
UHS
UHS
WMB
WMB
Q1 26
4.8%
Q4 25
6.3%
50.9%
Q3 25
5.1%
27.3%
Q2 25
6.2%
28.8%
Q1 25
5.8%
24.2%
Q4 24
6.0%
22.5%
Q3 24
6.3%
22.5%
Q2 24
6.2%
20.3%
Cash Conversion
UHS
UHS
WMB
WMB
Q1 26
1.12×
Q4 25
1.29×
2.15×
Q3 25
1.02×
2.22×
Q2 25
1.55×
2.66×
Q1 25
1.14×
2.07×
Q4 24
1.98×
2.51×
Q3 24
1.29×
1.76×
Q2 24
2.35×
3.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UHS
UHS

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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