Operating margin
35.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Operating income divided by revenue: what the core business earns before interest and taxes.
About the company
Williams Companies is a US energy company for natural gas infrastructure. It runs large pipelines such as Transco, which transport natural gas across the US, as well as facilities for gathering, processing and storing gas. As of Oct 11, 2026
Fact sheet (from the annual report) Natural gas transmission · Tulsa, USA
Williams is an energy company that gathers, processes, transports and stores natural gas. In addition, there is fractionation, transportation and storage of natural gas liquids as well as marketing services. The subsidiary Transco operates a natural gas pipeline from Texas, Louisiana and the Gulf of America to the greater New York area. The subsidiary NWP carries natural gas from the San Juan Basin in New Mexico and Colorado to the Canadian border. The interstate gas transportation of both subsidiaries is regulated by FERC. Customers of Williams’ interstate pipelines include local gas utilities, municipal utilities, industry, power generators as well as marketers and producers.
Automatically summarized from SEC annual report (10-K, filed Feb 24, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today +3.3%
- 7 days +5.4%
- 30 days +7.0%
- 1 year +28.5%
Day range (last trading day)
−3.0%Price at 95% of the range+0.1%
52-week range
−24.2%Price at 75% of the range+8.1%
- Distance from the all-time high
- −7.5%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Pullback in trend · Analysis method
This method currently detects no pattern for WMB. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginWilliams Companies · Sector Energy · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 24, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 1 without data
5 of 7 criteria met
Growth
Revenue and earnings per share
4 of 7 criteria met
Dividend
Level, consistency, coverage · 1 without data
4 of 6 criteria met
Financial strength
Piotroski, debt, liquidity · 1 without data
3 of 5 criteria met
Quality 5 of 7 met · 1 without data
- no data: Gross margin above 40% not stated in the SEC filings
- met: Operating margin above 15% 35.1%
- met: Net margin above 10% 21.9%
- met: Return on equity above 15% 20.4%
- not met: Free cash flow margin above 10% 8.4%
- met: Profit in each of the last 5 fiscal years 5 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- not met: Equity ratio above 30% 21.9%
Net margin
21.9% Fiscal year 2025
No rank: too few peers or not computed yet.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
20.4% Fiscal year 2025
No rank: too few peers or not computed yet.
Net income divided by equity at fiscal year end.
Return on assets
4.5% Fiscal year 2025 (total assets at year end)
No rank: too few peers or not computed yet.
Net income divided by total assets at fiscal year end.
Equity ratio
21.9% Fiscal year 2025
No rank: too few peers or not computed yet.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
8.4% Fiscal year 2025
No rank: too few peers or not computed yet.
Free cash flow divided by revenue.
Free cash flow
1.0B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 4 of 7 met
- not met: Over 3 years, revenue grew by more than 5% per year +2.9%
- met: Over 5 years, revenue grew by more than 5% per year +9.1%
- not met: Over 10 years, revenue grew by more than 5% per year +5.0%
- met: Over 3 years, EPS grew by more than 5% per year +8.6%
- met: Over 5 years, EPS grew by more than 5% per year +66.0%
- not met: Revenue rose in at least 4 of the last 5 fiscal years 3 of 5
- met: Revenue rose in the last fiscal year +13.8%
Revenue growth 3 years
+2.9% per year
No rank: too few peers or not computed yet.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+9.1% per year
No rank: too few peers or not computed yet.
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+5.0% per year
No rank: too few peers or not computed yet.
Average growth per year over 10 fiscal years.
EPS growth 3 years
+8.6% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+66.0% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
Dividend 4 of 6 met · 1 without data
- met: Pays a dividend 2.00 USD
- not met: Payout ratio at most 60% of earnings 93%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +4.6%
- not met: Free cash flow per share covers the dividend 0.4x
- no data: Dividends paid over the last 5 years covered by free cash flow dividends paid or free cash flow reported for fewer than 3 years
Payout ratio
93% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+4.6% per year
No rank: too few peers or not computed yet.
Growth of the dividend per share per year.
Free cash flow coverage
0.4x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 3 of 5 met · 1 without data
- no data: Piotroski F-Score at least 7 of 9 too many criteria without data 6 of 8 · 1 without data
- not met: Long-term debt no higher than equity 2.13
- not met: Current assets cover current liabilities 0.53
- met: Positive equity 12.8B USD
- met: In 5 years, share count up by at most 5% +0.8%
- met: Free cash flow positive in the last fiscal year 1.0B USD
Piotroski F-Score
6 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
2.13 at fiscal year end
No rank: too few peers or not computed yet.
Long-term financial debt divided by equity.
Liquidity (current ratio)
0.53 at fiscal year end
No rank: too few peers or not computed yet.
Current assets divided by current liabilities.
Change in share count
+0.8% in 5 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- not met: Long-term debt relative to total assets fell
- met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- no data: Gross margin higher than the prior year
- met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.
In short
- Light yellow: Revenue grew over 5 years (+9.1% per year), more slowly than the sector median.
- Light green: Net income (total) grew over 5 years (+65.5% per year); per share +66.0% per year.
- Light green: Net margin 21.9%, above the sector median (11.0%).
- Light red: Debt much higher than usual in the sector.
- Light red: Profit in 8 of 10 fiscal years.
- Light yellow: High payout ratio (93% of earnings).
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 7.5B USD · Net income −424.0M USD · Net margin −5.7%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 8.0B USD · Net income 2.2B USD · Net margin 27.1%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 8.7B USD · Net income −155.0M USD · Net margin −1.8%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 8.2B USD · Net income 850.0M USD · Net margin 10.4%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 7.7B USD · Net income 211.0M USD · Net margin 2.7%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 10.6B USD · Net income 1.5B USD · Net margin 14.3%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 11.0B USD · Net income 2.0B USD · Net margin 18.7%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 10.9B USD · Net income 3.2B USD · Net margin 29.1%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 10.5B USD · Net income 2.2B USD · Net margin 21.2%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 12.0B USD · Net income 2.6B USD · Net margin 21.9%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 2.6B USD · Net income 654.0M USD · Net margin 25.6%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 2.8B USD · Net income 1.1B USD · Net margin 40.9% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.8B USD · Net income 632.0M USD · Net margin 22.8%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.3B USD · Net income 401.0M USD · Net margin 17.2%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.7B USD · Net income 706.0M USD · Net margin 26.6%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.7B USD · Net income 486.0M USD · Net margin 17.7% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 3.0B USD · Net income 691.0M USD · Net margin 22.7%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.8B USD · Net income 546.0M USD · Net margin 19.6%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.9B USD · Net income 647.0M USD · Net margin 22.1%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 3.2B USD · Net income 734.0M USD · Net margin 23.0% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.0B USD · Net income 865.0M USD · Net margin 28.5%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 3.1B USD · Net income 827.0M USD · Net margin 27.1%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share −0.57 USD
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 2.62 USD
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.16 USD
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.70 USD
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.17 USD
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 1.24 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 1.67 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 2.60 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.82 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 2.14 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 0.54 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.52 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.33 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 0.58 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 0.56 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 0.45 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 0.53 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 0.70 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 0.68 USD
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 1.68 USD · Payout ratio not available
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 1.20 USD · Payout ratio 45.8%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 1.36 USD · Payout ratio not available
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 1.52 USD · Payout ratio 217.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 1.60 USD · Payout ratio 941.2%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 1.64 USD · Payout ratio 132.3%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 1.70 USD · Payout ratio 101.8%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 1.79 USD · Payout ratio 68.8%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 1.90 USD · Payout ratio 104.4%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 2.00 USD · Payout ratio 93.5%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.45 USD · Payout ratio 82.9%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.45 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.48 USD · Payout ratio 91.3%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.48 USD · Payout ratio 143.9%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.48 USD · Payout ratio 81.9%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.48 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.50 USD · Payout ratio 89.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.50 USD · Payout ratio 111.1%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.50 USD · Payout ratio 94.3%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 0.50 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.53 USD · Payout ratio 75.0%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.53 USD · Payout ratio 77.2%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 12.0B USD · Net income 2.6B USD · Net margin 21.9%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 35.1 USD operating income and 21.9 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 12.0B USD | 100.0% |
| Operating income | 4.2B USD | 35.1% |
| Cost of revenue and operating expenses | 7.8B USD | 64.9% |
| Net income | 2.6B USD | 21.9% |
| Taxes, interest & other | 1.6B USD | 13.2% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin rose in 5 years from 28.5% to 35.1%.
Operating marginNet margin- Fiscal year 2016: Operating margin 9.3% · Net margin −5.7%
- Fiscal year 2017: Operating margin 11.3% · Net margin 27.1%
- Fiscal year 2018: Operating margin 8.8% · Net margin −1.8%
- Fiscal year 2019: Operating margin 23.4% · Net margin 10.4%
- Fiscal year 2020: Operating margin 28.5% · Net margin 2.7%
- Fiscal year 2021: Operating margin 24.8% · Net margin 14.3%
- Fiscal year 2022: Operating margin 27.5% · Net margin 18.7%
- Fiscal year 2023: Operating margin 39.5% · Net margin 29.1%
- Fiscal year 2024: Operating margin 31.8% · Net margin 21.2%
- Fiscal year 2025: Operating margin 35.1% · Net margin 21.9%
Returns
Return on equity rose in 5 years from 1.8% to 20.4%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity −9.1% · Return on assets −0.9%
- Fiscal year 2017: Return on equity 22.5% · Return on assets 4.7%
- Fiscal year 2018: Return on equity −1.1% · Return on assets −0.3%
- Fiscal year 2019: Return on equity 6.4% · Return on assets 1.8%
- Fiscal year 2020: Return on equity 1.8% · Return on assets 0.5%
- Fiscal year 2021: Return on equity 13.3% · Return on assets 3.2%
- Fiscal year 2022: Return on equity 17.8% · Return on assets 4.2%
- Fiscal year 2023: Return on equity 25.6% · Return on assets 6.0%
- Fiscal year 2024: Return on equity 17.9% · Return on assets 4.1%
- Fiscal year 2025: Return on equity 20.4% · Return on assets 4.5%
Equity and long-term debt
The equity ratio fell in 5 years from 26.6% to 21.9%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 4.6B USD · Long-term debt 22.6B USD
- Fiscal year 2017: Equity 9.7B USD · Long-term debt 20.4B USD
- Fiscal year 2018: Equity 14.7B USD · Long-term debt 22.4B USD
- Fiscal year 2019: Equity 13.4B USD · Long-term debt 20.1B USD
- Fiscal year 2020: Equity 11.8B USD · Long-term debt 21.5B USD
- Fiscal year 2021: Equity 11.4B USD · Long-term debt 21.7B USD
- Fiscal year 2022: Equity 11.5B USD · Long-term debt 21.9B USD
- Fiscal year 2023: Equity 12.4B USD · Long-term debt 23.4B USD
- Fiscal year 2024: Equity 12.4B USD · Long-term debt 24.7B USD
- Fiscal year 2025: Equity 12.8B USD · Long-term debt 27.3B USD
Liquidity (current ratio)
The current ratio fell in 5 years from 0.62 to 0.53.
Current ratio- Fiscal year 2016: Current ratio 0.50
- Fiscal year 2017: Current ratio 0.82
- Fiscal year 2018: Current ratio 0.81
- Fiscal year 2019: Current ratio 0.40
- Fiscal year 2020: Current ratio 0.62
- Fiscal year 2021: Current ratio 0.91
- Fiscal year 2022: Current ratio 0.78
- Fiscal year 2023: Current ratio 0.77
- Fiscal year 2024: Current ratio 0.50
- Fiscal year 2025: Current ratio 0.53
Cash flow
Free cash flow fell in 5 years from 2.3B USD to 1.0B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 3.7B USD · Capital expenditure 2.1B USD · Free cash flow 1.6B USD
- Fiscal year 2017: Operating cash flow 2.6B USD · Capital expenditure 2.4B USD · Free cash flow 157.0M USD
- Fiscal year 2018: Operating cash flow 3.3B USD · Capital expenditure 3.3B USD · Free cash flow 37.0M USD
- Fiscal year 2019: Operating cash flow 3.7B USD · Capital expenditure 2.1B USD · Free cash flow 1.6B USD
- Fiscal year 2020: Operating cash flow 3.5B USD · Capital expenditure 1.2B USD · Free cash flow 2.3B USD
- Fiscal year 2021: Operating cash flow 3.9B USD · Capital expenditure 1.2B USD · Free cash flow 2.7B USD
- Fiscal year 2022: Operating cash flow 4.9B USD · Capital expenditure 2.3B USD · Free cash flow 2.6B USD
- Fiscal year 2023: Operating cash flow 5.9B USD · Capital expenditure 2.5B USD · Free cash flow 3.4B USD
- Fiscal year 2024: Operating cash flow 5.0B USD · Capital expenditure 2.6B USD · Free cash flow 2.4B USD
- Fiscal year 2025: Operating cash flow 5.9B USD · Capital expenditure 4.9B USD · Free cash flow 1.0B USD
Share count
The share count stayed roughly the same in 5 years.
Diluted share count- Fiscal year 2016: Diluted share count 750.7M
- Fiscal year 2017: Diluted share count 828.5M
- Fiscal year 2018: Diluted share count 973.6M
- Fiscal year 2019: Diluted share count 1.2B
- Fiscal year 2020: Diluted share count 1.2B
- Fiscal year 2021: Diluted share count 1.2B
- Fiscal year 2022: Diluted share count 1.2B
- Fiscal year 2023: Diluted share count 1.2B
- Fiscal year 2024: Diluted share count 1.2B
- Fiscal year 2025: Diluted share count 1.2B
For energy companies the gross margin is not meaningful and is therefore omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 2.00 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +5.6%5 y +4.6%10 y −2.0%
- Years without a cut
- 8 in a row up to now
- Payout ratio
- of earnings 93% of free cash flow –
- Share count over 5 years
- +0.8% roughly unchanged
Dividend per share
The dividend per share rose in 5 years from 1.60 USD to 2.00 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 1.68 USD
- Fiscal year 2017: Dividend per share 1.20 USD
- Fiscal year 2018: Dividend per share 1.36 USD
- Fiscal year 2019: Dividend per share 1.52 USD
- Fiscal year 2020: Dividend per share 1.60 USD
- Fiscal year 2021: Dividend per share 1.64 USD
- Fiscal year 2022: Dividend per share 1.70 USD
- Fiscal year 2023: Dividend per share 1.79 USD
- Fiscal year 2024: Dividend per share 1.90 USD
- Fiscal year 2025: Dividend per share 2.00 USD
Payout ratios
The payout ratio fell in 4 years from 132.3% to 93.5%.
Payout ratio (earnings) Ratios above 500% hidden (earnings or free cash flow close to zero).- Fiscal year 2016: Payout ratio (earnings) not available
- Fiscal year 2017: Payout ratio (earnings) 45.8%
- Fiscal year 2018: Payout ratio (earnings) not available
- Fiscal year 2019: Payout ratio (earnings) 217.1%
- Fiscal year 2020: Payout ratio (earnings) not available
- Fiscal year 2021: Payout ratio (earnings) 132.3%
- Fiscal year 2022: Payout ratio (earnings) 101.8%
- Fiscal year 2023: Payout ratio (earnings) 68.8%
- Fiscal year 2024: Payout ratio (earnings) 104.4%
- Fiscal year 2025: Payout ratio (earnings) 93.5%
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 22 symbols in the Energy sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+9.1% per year, last 5 years
Sector Energy: median +14.8% (21 symbols)
What does this mean? Revenue: over 5 years it grew by 9.1% per year on average, but more slowly than the median company in the sector (+14.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+65.5% per year, last 5 years
per share: +66.0% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 65.5% per year on average. Comparable values for a sector comparison are missing.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin21.9% last fiscal year
Sector Energy: median 11.0% (21 symbols)
What does this mean? Of every 100 USD in revenue, 21.91 USD remained as profit – at least as much as the median company in the sector (11.0%). Five years ago the margin was 2.7%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth2.13 latest balance sheet
Sector Energy: median 0.35 (13 symbols)
What does this mean? For every 1 USD of equity there is 2.13 USD of financial debt – more than twice as much as the median company in the sector (0.35). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth93% Dividend / earnings per share
Sector Energy: median 55% (16 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.93 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 55%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin8 of 10 fiscal years with a profit
What does this mean? In 8 of the last 10 fiscal years the bottom line showed a profit. 2 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 12.0B | 2.6B | 21.9% | 2.14 | 2.00 | 93% |
| 2024 | Dec 31, 2024 | 10.5B | 2.2B | 21.2% | 1.82 | 1.90 | 104% |
| 2023 | Dec 31, 2023 | 10.9B | 3.2B | 29.1% | 2.60 | 1.79 | 69% |
| 2022 | Dec 31, 2022 | 11.0B | 2.0B | 18.7% | 1.67 | 1.70 | 102% |
| 2021 | Dec 31, 2021 | 10.6B | 1.5B | 14.3% | 1.24 | 1.64 | 132% |
| 2020 | Dec 31, 2020 | 7.7B | 211.0M | 2.7% | 0.17 | 1.60 | 941% |
| 2019 | Dec 31, 2019 | 8.2B | 850.0M | 10.4% | 0.70 | 1.52 | 217% |
| 2018 | Dec 31, 2018 | 8.7B | −155.0M | −1.8% | −0.16 | 1.36 | – |
| 2017 | Dec 31, 2017 | 8.0B | 2.2B | 27.1% | 2.62 | 1.20 | 46% |
| 2016 | Dec 31, 2016 | 7.5B | −424.0M | −5.7% | −0.57 | 1.68 | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 3.1B | 827.0M | 27.1% | 0.68 | 0.53 | 77% |
| Q1/26 | Mar 31, 2026 | 3.0B | 865.0M | 28.5% | 0.70 | 0.53 | 75% |
| Q4/25* | Dec 31, 2025 | 3.2B | 734.0M | 23.0% | – | 0.50 | – |
| Q3/25 | Sep 30, 2025 | 2.9B | 647.0M | 22.1% | 0.53 | 0.50 | 94% |
| Q2/25 | Jun 30, 2025 | 2.8B | 546.0M | 19.6% | 0.45 | 0.50 | 111% |
| Q1/25 | Mar 31, 2025 | 3.0B | 691.0M | 22.7% | 0.56 | 0.50 | 89% |
| Q4/24* | Dec 31, 2024 | 2.7B | 486.0M | 17.7% | – | 0.48 | – |
| Q3/24 | Sep 30, 2024 | 2.7B | 706.0M | 26.6% | 0.58 | 0.48 | 82% |
| Q2/24 | Jun 30, 2024 | 2.3B | 401.0M | 17.2% | 0.33 | 0.48 | 144% |
| Q1/24 | Mar 31, 2024 | 2.8B | 632.0M | 22.8% | 0.52 | 0.48 | 91% |
| Q4/23* | Dec 31, 2023 | 2.8B | 1.1B | 40.9% | – | 0.45 | – |
| Q3/23 | Sep 30, 2023 | 2.6B | 654.0M | 25.6% | 0.54 | 0.45 | 83% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $1.4M1 person | −$1.4M |
| 6 months | $00 people | $6.7M4 people | −$6.7M |
| 12 months | $00 people | $11.1M7 people | −$11.1M |
Latest transactions
- Oct 1, 2026 Wilson Terrance Lane Officer Open-market sale 2,000 shares · $135.7K · SEC
- Sep 1, 2026 Wilson Terrance Lane Officer Open-market sale 2,000 shares · $151.1K · SEC
- Aug 14, 2026 Wilson Terrance Lane Officer Open-market sale 10,200 shares · $763.8K · SEC
- Aug 14, 2026 Wilson Terrance Lane Officer Open-market sale 2,800 shares · $209.5K · SEC
- Aug 3, 2026 Wilson Terrance Lane Officer Open-market sale 2,000 shares · $141.3K · SEC
- Jul 1, 2026 Wilson Terrance Lane Officer Open-market sale 2,000 shares · $148.3K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +75
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)15.0
Rel. strength 60 d+4.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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