Williams Companies (WMB)财务
NYSE · Energy · Oil & Gas Midstream · 员工5,987人 · CEO Chad J. Zamarin
- 股价
- $74.35 -0.71%
- 市值
- $909亿
- 企业价值
- $1220亿
- 最近财报
- Q2 '26 2026-08-03提交
- 下次财报
- 2026-11-02 EPS预期 $0.54
营收(TTM)$122亿+8.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)40.3%+8.1 百分点 对比去年同期营业利润 $49.2亿
净利润(TTM)$30.7亿+26.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2.14亿-111.9% 对比去年同期资本支出 $62.1亿
稀释EPS(TTM)$2.52+26.0% 对比去年同期最近4个季度之和
净现金-$306亿-10.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $909亿 EV $1220亿
- 营收
- $122亿 过去12个月
- 营收增速
- +4% FY2026年一致预期
- 净利润率
- 25.2% 净利润 / 营收,TTM
- P/E
- 29.5× 预期 30.2×(FY2026)
- P/S
- 7.5× 股价 / 营收,TTM
- EV / EBITDA
- 15.8× TTM
- 自由现金流
- -$2.14亿 过去12个月
- 净利润
- $30.7亿 过去12个月
- 营收预期
- $124亿 FY2026年一致预期
- 盈利
- 2026-11-02 营收预期 $29.9亿
- 股息
- $2.08 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-03):营收超预期7.9%,EPS 符合预期营收$30.5亿,预期$28.3亿(+7.9%);EPS $0.50,预期$0.50(-0.4%)。
- 营收增长平稳:同比10.2%Q2 '26营收$30.5亿,此前四个季度的平均值为11.2%。
- 营业利润率40.3%(TTM),较去年同期+8.1 百分点营收增长8.8%,营业利润增长36.2%。
- 税前利润的16.1%被营业外亏损吞噬税前利润$42.4亿,营业利润$49.2亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的50.9%(去年为31.6%)最近4个季度投入$62.1亿(同比+75.4%)。自由现金流-$2.14亿,相当于净利润的-7.0%。
- 稀释股数一年内增加0.2%Q2 '26稀释股数12.2亿,一年前为12.2亿。
- 净债务 $306亿现金 + 短期投资 $2.03亿,含租赁债务 $308亿;一年前净债务 $277亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $30.5亿 | $27.7亿 | +10.2% |
| 毛利率 | 83.3% | 38.1% | +45.2 百分点 |
| 营业利润 | $11.8亿 | $8.87亿 | +33.3% |
| 营业利润率 | 38.7% | 32.0% | +6.7 百分点 |
| 净利润 | $8.27亿 | $5.46亿 | +51.5% |
| 稀释EPS | $0.68 | $0.45 | +51.1% |
| 经营现金流 | $13.8亿 | $14.5亿 | -5.1% |
| 资本支出 | $18.3亿 | $9.72亿 | +88.7% |
| 自由现金流 | -$4.58亿 | $4.78亿 | -195.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1700万 | $1900万 | -10.5% |
实际 vs 一致预期
2026-08-03| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $30.5亿 | $28.3亿 | +7.9% |
| EPS(一致预期口径) | $0.50 | $0.50 | -0.4% |
来自2026-08-03发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Gas & NGL Marketing Services | $6.38亿 | -55.1% | 20.9% | $44.8亿 | -41.2% | |
| Transmission, Power & Gulf | $13.9亿 | – | 45.4% | – | – | |
| West | $7.24亿 | +7.1% | 23.7% | $29.2亿 | +6.4% | |
| Northeast G&P | $5.47亿 | – | 17.9% | – | – | |
| Intersegment Eliminations | -$3.92亿 | – | -12.8% | – | – | |
| Other Operating Segment | $1.51亿 | – | 4.9% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| West | $7.24亿 | +7.1% | 100.0% | $36.5亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $59.9亿
- 资本支出
- -$62.1亿
- 股票回购
- $0
- 股息
- -$25.1亿
- 收购
- $2.84亿
- 债务净发行
- $16.4亿
- 股权激励费用
- -$1000万
- 自由现金流
- -$2.14亿
- 股东回报 / FCF
- -1,170.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 29.5× | 22.3× | 13.3× – 29.7× |
| EV / EBITDA | 15.8× | 11.6× | 8.7× – 14.2× |
| EV / 营收 | 10.0× | 6.9× | 5.0× – 8.9× |
| 股价 / FCF | -425.0× | 28.0× | 11.7× – 73.0× |
| 股价 / 净资产 | 6.9× | 4.1× | 2.8× – 5.7× |
| FCF收益率 | -0.2% | 5.6% | 1.4% – 8.5% |
| 投入资本回报率 | 6.6% | 5.6% | 4.4% – 6.7% |
| 净资产收益率 | 23.9% | 19.0% | 13.3% – 25.6% |
分析师
一致目标价 $87.45 (+17.6%)
区间 $82.00 – $103.00 · 评级 Buy
强烈买入0
买入27
持有7
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $124亿 | +4.0% | $2.46 | +14.9% | 30.2× | 11 |
| FY2027 | $144亿 | +15.5% | $2.63 | +6.8% | 28.3× | 12 |
| FY2028 | $166亿 | +15.5% | $3.07 | +16.7% | 24.2× | 11 |
| FY2029 | $186亿 | +12.4% | $3.53 | +15.1% | 21.1× | 4 |
| FY2030 | $225亿 | +20.8% | $4.49 | +27.2% | 16.6× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
The Williams Companies, Inc.在近期10-Q / 10-K文件中标记的全部231项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $22.2亿 | $14.1亿 | +57.0% | $22.2亿 | $16.1亿 | +37.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $100万 | $100万 | 0.0% | $100万 | $100万 | 0.0% |
| Accrual for Environmental Loss Contingencies | $3700万 | $4200万 | -11.9% | $4200万 | $4200万 | 0.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $209亿 | $196亿 | +6.4% | $200亿 | $187亿 | +7.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1.24亿 | $7700万 | +61.0% | $1.27亿 | $7600万 | +67.1% |
| Additional Collateral, Aggregate Fair Value | $6000万 | $900万 | +566.7% | $3000万 | $600万 | +400.0% |
| Additional Paid in Capital, Common Stock | $248亿 | $246亿 | +0.6% | $248亿 | $246亿 | +0.6% |
| Asset Retirement Obligation | $25.9亿2025-12-31 | $26.4亿 | -2.0% | $25.9亿 | $26.4亿 | -2.0% |
| Asset Retirement Obligation, Accretion Expense | – | – | – | $1.33亿 | $1.18亿 | +12.7% |
| Asset Retirement Obligation, Liabilities Incurred | – | – | – | $2300万 | $4.74亿 | -95.1% |
| Asset Retirement Obligation, Liabilities Settled | – | – | – | $1.1亿 | $6800万 | +61.8% |
| Asset Retirement Obligation, Revision of Estimate | – | – | – | -$5700万 | $3100万 | -283.9% |
| Assets | $606亿 | $561亿 | +8.0% | $586亿 | $545亿 | +7.4% |
| Assets, Current | $31.2亿 | $32.2亿 | -3.0% | $32.4亿 | $26.6亿 | +21.9% |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $02025-12-31 | $0 | – | $0 | $1.27亿 | -100.0% |
| Capitalized Contract Cost, Amortization | -$1300万 | $0 | – | -$1700万 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.03亿 | $9.03亿 | -77.5% | $6300万 | $6000万 | +5.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$7.47亿 | $8.03亿 | -193.0% | $300万 | -$20.9亿 | +100.1% |
| Collateral Already Posted, Aggregate Fair Value | $2.45亿 | $2.69亿 | -8.9% | $1.89亿 | $2.88亿 | -34.4% |
| Commercial Paper | $4.75亿 | $0 | – | $7亿 | $4.55亿 | +53.8% |
| Common Stock, Dividends, Per Share, Declared | $0.53 | $0.50 | +5.0% | $2.00 | $1.90 | +5.3% |
| Common Stock, Par or Stated Value Per Share | $1.00 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 14.7亿 | 14.7亿 | 0.0% | 14.7亿 | 14.7亿 | 0.0% |
| Common Stock, Shares, Issued | 12.6亿 | 12.6亿 | +0.2% | 12.6亿 | 12.6亿 | +0.2% |
| Common Stock, Value, Issued | $12.6亿 | $12.6亿 | +0.2% | $12.6亿 | $12.6亿 | +0.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $4900万 | $3700万 | +32.4% | $1.5亿 | $1.21亿 | +24.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.26亿 | $5.47亿 | +51.0% | $26.4亿 | $23亿 | +14.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8.75亿 | $5.84亿 | +49.8% | $27.9亿 | $24.2亿 | +15.2% |
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net | – | – | – | -$4000万 | – | – |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1.13亿 | $1.02亿 | +10.8% | $1.09亿 | $9800万 | +11.2% |
| Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | $2000万 | $2800万 | -28.6% | $8600万 | $1.7亿 | -49.4% |
| Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination | $02025-12-31 | $0 | – | $0 | $3600万 | -100.0% |
| Contract with Customer, Asset, Reclassified to Receivable | $600万 | $3000万 | -80.0% | $5800万 | $1.44亿 | -59.7% |
| Contract with Customer, Liability | $9.32亿 | $10.5亿 | -11.6% | $9.48亿 | $10.5亿 | -9.4% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | -$8600万 | -$8600万 | 0.0% | -$1.98亿 | -$1.83亿 | -8.2% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $0 | $2300万 | -100.0% | $2300万 | $5300万 | -56.6% |
| Contract with Customer, Liability, Revenue Recognized | $7200万 | $7300万 | -1.4% | $3.07亿 | $2.79亿 | +10.0% |
| Costs and Expenses | $18.7亿 | $18.4亿 | +1.9% | $77.5亿 | $71.6亿 | +8.2% |
| Current Federal Tax Expense (Benefit) | -$600万 | $8400万 | -107.1% | $9900万 | $1.25亿 | -20.8% |
| Current Income Tax Expense (Benefit) | $300万 | $9500万 | -96.8% | $1.13亿 | $1.34亿 | -15.7% |
| Current State and Local Tax Expense (Benefit) | $900万 | $1100万 | -18.2% | $1400万 | $900万 | +55.6% |
| Debt, Long-term and Short-term, Combined Amount | $287亿2025-12-31 | $265亿 | +8.3% | $287亿 | $265亿 | +8.3% |
| Deferred Federal Income Tax Expense (Benefit) | $2.26亿 | $6300万 | +258.7% | $5.97亿 | $4.72亿 | +26.5% |
| Deferred Income Tax Expense (Benefit) | $2.57亿 | $7900万 | +225.3% | $7.44亿 | $5.06亿 | +47.0% |
| Deferred State and Local Income Tax Expense (Benefit) | $3100万 | $1600万 | +93.8% | $1.47亿 | $3400万 | +332.4% |
| Deferred Tax and Other Liabilities, Noncurrent | $56亿 | $45.6亿 | +22.6% | $51.7亿 | $43.8亿 | +18.1% |
| Deferred Tax Asset, Interest Carryforward | $1.17亿2025-12-31 | $2.47亿 | -52.6% | $1.17亿 | $2.47亿 | -52.6% |
| Deferred Tax Assets, Gross | $19.8亿2025-12-31 | $21.4亿 | -7.4% | $19.8亿 | $21.4亿 | -7.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $19亿2025-12-31 | $20.5亿 | -7.3% | $19亿 | $20.5亿 | -7.3% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $2.24亿2025-12-31 | $3.25亿 | -31.1% | $2.24亿 | $3.25亿 | -31.1% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $1.71亿2025-12-31 | $2.24亿 | -23.7% | $1.71亿 | $2.24亿 | -23.7% |
| Deferred Tax Assets, Other | $1.27亿2025-12-31 | $9200万 | +38.0% | $1.27亿 | $9200万 | +38.0% |
| Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $2.03亿2025-12-31 | $1.08亿 | +88.0% | $2.03亿 | $1.08亿 | +88.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $11.4亿2025-12-31 | $11.5亿 | -0.3% | $11.4亿 | $11.5亿 | -0.3% |
| Deferred Tax Assets, Valuation Allowance | $8300万2025-12-31 | $9100万 | -8.8% | $8300万 | $9100万 | -8.8% |
| Deferred Tax Liabilities, Gross | $70.7亿2025-12-31 | $64.3亿 | +10.0% | $70.7亿 | $64.3亿 | +10.0% |
| Deferred Tax Liabilities, Investment in Noncontrolled Affiliates | $17.2亿2025-12-31 | $17.3亿 | -0.9% | $17.2亿 | $17.3亿 | -0.9% |
| Deferred Tax Liabilities, Net | $51.7亿2025-12-31 | $43.8亿 | +18.1% | $51.7亿 | $43.8亿 | +18.1% |
| Deferred Tax Liabilities, Other | $2.37亿2025-12-31 | $1.93亿 | +22.8% | $2.37亿 | $1.93亿 | +22.8% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $51.2亿2025-12-31 | $45亿 | +13.7% | $51.2亿 | $45亿 | +13.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01