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Side-by-side financial comparison of Williams Companies (WMB) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $3.8B, roughly 1.6× Williams Companies). Williams Companies runs the higher net margin — 19.1% vs 1.9%, a 17.2% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 3.6%). Block, Inc. produced more free cash flow last quarter ($579.8M vs $-379.0M). Over the past eight quarters, Williams Companies's revenue compounded faster (7.3% CAGR vs 2.4%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
WMB vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $6.3B |
| Net Profit | $734.0M | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 27.3% | 7.8% |
| Net Margin | 19.1% | 1.9% |
| Revenue YoY | 12.7% | 3.6% |
| Net Profit YoY | 51.0% | -94.1% |
| EPS (diluted) | $0.60 | $0.19 |
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.
| Q4 25 | $3.8B | $6.3B | ||
| Q3 25 | $3.5B | $6.1B | ||
| Q2 25 | $3.4B | $6.1B | ||
| Q1 25 | $4.2B | $5.8B | ||
| Q4 24 | $3.4B | $6.0B | ||
| Q3 24 | $3.0B | $6.0B | ||
| Q2 24 | $2.8B | $6.2B | ||
| Q1 24 | $3.3B | $6.0B |
| Q4 25 | $734.0M | $115.8M | ||
| Q3 25 | $647.0M | $461.5M | ||
| Q2 25 | $546.0M | $538.5M | ||
| Q1 25 | $691.0M | $189.9M | ||
| Q4 24 | $486.0M | $1.9B | ||
| Q3 24 | $706.0M | $283.8M | ||
| Q2 24 | $401.0M | $195.3M | ||
| Q1 24 | $632.0M | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | 27.3% | 7.8% | ||
| Q3 25 | 31.8% | 6.7% | ||
| Q2 25 | 28.0% | 8.0% | ||
| Q1 25 | 26.1% | 5.7% | ||
| Q4 24 | 23.2% | 0.2% | ||
| Q3 24 | 27.6% | 5.4% | ||
| Q2 24 | 24.4% | 5.0% | ||
| Q1 24 | 30.3% | 4.2% |
| Q4 25 | 19.1% | 1.9% | ||
| Q3 25 | 18.5% | 7.5% | ||
| Q2 25 | 16.2% | 8.9% | ||
| Q1 25 | 16.5% | 3.3% | ||
| Q4 24 | 14.2% | 32.3% | ||
| Q3 24 | 23.3% | 4.7% | ||
| Q2 24 | 14.1% | 3.2% | ||
| Q1 24 | 18.9% | 7.9% |
| Q4 25 | $0.60 | $0.19 | ||
| Q3 25 | $0.53 | $0.74 | ||
| Q2 25 | $0.45 | $0.87 | ||
| Q1 25 | $0.56 | $0.30 | ||
| Q4 24 | $0.39 | $3.06 | ||
| Q3 24 | $0.58 | $0.45 | ||
| Q2 24 | $0.33 | $0.31 | ||
| Q1 24 | $0.52 | $0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $6.6B |
| Total DebtLower is stronger | $27.3B | — |
| Stockholders' EquityBook value | $12.8B | $22.2B |
| Total Assets | $58.6B | $39.5B |
| Debt / EquityLower = less leverage | 2.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.6B | ||
| Q3 25 | — | $8.3B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $7.8B | ||
| Q1 24 | — | $5.8B |
| Q4 25 | $27.3B | — | ||
| Q3 25 | $25.6B | $7.3B | ||
| Q2 25 | $25.6B | $5.1B | ||
| Q1 25 | $24.1B | $5.1B | ||
| Q4 24 | $24.7B | $6.1B | ||
| Q3 24 | $24.8B | $6.1B | ||
| Q2 24 | $24.1B | $6.1B | ||
| Q1 24 | $24.1B | $4.1B |
| Q4 25 | $12.8B | $22.2B | ||
| Q3 25 | $12.5B | $22.5B | ||
| Q2 25 | $12.4B | $22.2B | ||
| Q1 25 | $12.5B | $21.5B | ||
| Q4 24 | $12.4B | $21.3B | ||
| Q3 24 | $12.4B | $19.9B | ||
| Q2 24 | $12.3B | $19.3B | ||
| Q1 24 | $12.4B | $19.0B |
| Q4 25 | $58.6B | $39.5B | ||
| Q3 25 | $55.7B | $39.2B | ||
| Q2 25 | $56.1B | $36.9B | ||
| Q1 25 | $54.9B | $36.4B | ||
| Q4 24 | $54.5B | $36.8B | ||
| Q3 24 | $53.8B | $36.4B | ||
| Q2 24 | $52.4B | $37.5B | ||
| Q1 24 | $52.7B | $35.6B |
| Q4 25 | 2.13× | — | ||
| Q3 25 | 2.04× | 0.32× | ||
| Q2 25 | 2.06× | 0.23× | ||
| Q1 25 | 1.93× | 0.24× | ||
| Q4 24 | 1.99× | 0.29× | ||
| Q3 24 | 2.00× | 0.31× | ||
| Q2 24 | 1.96× | 0.32× | ||
| Q1 24 | 1.94× | 0.22× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.6B | $621.0M |
| Free Cash FlowOCF − Capex | $-379.0M | $579.8M |
| FCF MarginFCF / Revenue | -9.9% | 9.3% |
| Capex IntensityCapex / Revenue | 50.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.15× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $621.0M | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $374.3M | ||
| Q1 25 | $1.4B | $133.3M | ||
| Q4 24 | $1.2B | $13.8M | ||
| Q3 24 | $1.2B | $684.8M | ||
| Q2 24 | $1.3B | $519.4M | ||
| Q1 24 | $1.2B | $489.4M |
| Q4 25 | $-379.0M | $579.8M | ||
| Q3 25 | $485.0M | $1.4B | ||
| Q2 25 | $478.0M | $343.0M | ||
| Q1 25 | $421.0M | $101.5M | ||
| Q4 24 | $450.0M | $-13.2M | ||
| Q3 24 | $561.0M | $628.2M | ||
| Q2 24 | $700.0M | $481.0M | ||
| Q1 24 | $690.0M | $457.4M |
| Q4 25 | -9.9% | 9.3% | ||
| Q3 25 | 13.9% | 22.9% | ||
| Q2 25 | 14.2% | 5.7% | ||
| Q1 25 | 10.1% | 1.8% | ||
| Q4 24 | 13.2% | -0.2% | ||
| Q3 24 | 18.5% | 10.5% | ||
| Q2 24 | 24.6% | 7.8% | ||
| Q1 24 | 20.7% | 7.7% |
| Q4 25 | 50.9% | 0.7% | ||
| Q3 25 | 27.3% | 0.8% | ||
| Q2 25 | 28.8% | 0.5% | ||
| Q1 25 | 24.2% | 0.6% | ||
| Q4 24 | 22.5% | 0.4% | ||
| Q3 24 | 22.5% | 0.9% | ||
| Q2 24 | 20.3% | 0.6% | ||
| Q1 24 | 16.3% | 0.5% |
| Q4 25 | 2.15× | 5.36× | ||
| Q3 25 | 2.22× | 3.14× | ||
| Q2 25 | 2.66× | 0.70× | ||
| Q1 25 | 2.07× | 0.70× | ||
| Q4 24 | 2.51× | 0.01× | ||
| Q3 24 | 1.76× | 2.41× | ||
| Q2 24 | 3.19× | 2.66× | ||
| Q1 24 | 1.95× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
