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Held by 1,736 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.95B 100.0% | $10.50B 100.0% | $10.91B 100.0% | $10.96B 100.0% | $10.63B 100.0% | $7.72B 100.0% | $8.20B 100.0% | $8.69B 100.0% | $8.03B 100.0% | $7.50B 100.0% |
| Selling, General & Admin | $721.0M 6.0% | $708.0M 6.7% | $665.0M 6.1% | $636.0M 5.8% | $558.0M 5.3% | $466.0M 6.0% | $558.0M 6.8% | $569.0M 6.6% | $594.0M 7.4% | $722.0M 9.6% |
| Total Operating Expenses | $7.75B 64.9% | $7.16B 68.2% | $6.60B 60.5% | $7.95B 72.5% | $8.00B 75.2% | $5.52B 71.5% | $6.28B 76.6% | $7.92B 91.2% | $7.10B 88.5% | $6.81B 90.8% |
| Operating Income | $4.20B 35.1% | $3.34B 31.8% | $4.31B 39.5% | $3.02B 27.5% | $2.63B 24.8% | $2.20B 28.5% | $1.92B 23.4% | $768.0M 8.8% | $927.0M 11.5% | $689.0M 9.2% |
| Interest Expense | $1.44B 12.1% | $1.36B 13.0% | $1.24B 11.3% | $1.15B 10.5% | $1.18B 11.1% | $1.17B 15.2% | $1.19B 14.5% | $1.11B 12.8% | $1.08B 13.5% | $1.18B 15.7% |
| Interest & Investment Income | $40.0M 0.3% | $67.0M 0.6% | $79.0M 0.7% | $15.0M 0.1% | $7.0M 0.1% | — | — | — | — | — |
| Other Income (Expense), net | $69.0M 0.6% | $108.0M 1.0% | $99.0M 0.9% | $18.0M 0.2% | $6.0M 0.1% | -$43.0M -0.6% | $33.0M 0.4% | $92.0M 1.1% | -$25.0M -0.3% | $85.0M 1.1% |
| Pretax Income | $3.63B 30.3% | $2.99B 28.4% | $4.41B 40.4% | $2.54B 23.2% | $2.07B 19.5% | $277.0M 3.6% | $1.06B 13.0% | $331.0M 3.8% | $535.0M 6.7% | -$375.0M -5.0% |
| Income Tax Expense | $857.0M 7.2% | $640.0M 6.1% | $1.00B 9.2% | $425.0M 3.9% | $511.0M 4.8% | $79.0M 1.0% | $335.0M 4.1% | $138.0M 1.6% | -$1.97B -24.6% | -$25.0M -0.3% |
| Net Income | $2.62B 21.9% | $2.23B 21.2% | $3.18B 29.1% | $2.05B 18.7% | $1.52B 14.3% | $211.0M 2.7% | $850.0M 10.4% | -$155.0M -1.8% | $2.17B 27.1% | -$424.0M -5.7% |
| Per Share | ||||||||||
| EPS (Basic) | $2.14 | $1.82 | $2.61 | $1.68 | $1.25 | $0.17 | $0.70 | $-0.16 | $2.63 | $-0.57 |
| EPS (Diluted) | $2.14 | $1.82 | $2.60 | $1.67 | $1.24 | $0.17 | $0.70 | $-0.16 | $2.62 | $-0.57 |
| Weighted Avg Shares (Basic) | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.21B | 1.21B | 973.6M | 826.2M | 750.7M |
| Weighted Avg Shares (Diluted) | 1.23B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.21B | 973.6M | 828.5M | 750.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $71.81 today, the market must believe free cash flow compounds 20.5%/yr for a decade (off $2.3B normalized FCF).
The market's 20.5% is more optimistic than its 9-yr track record.
2-stage DCF · 1.22B shares · net debt $28.7B
mean 446.8% · volatility σ 1401% · implied rate exceeded in 3/9 yrs
Central path = implied 20.5%/yr growth; shaded band = ±1σ (1401%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (243%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $2.4B dividends + $0 buybacks = $2.4B returned on $1.0B FCF.
8 consecutive years of dividend increases · 2%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
$1.3B of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~5.0% on $28.7B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
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EOD close · as of 2026-08-05
Where each multiple sits in its own 14-yr range · 98th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 6.6 | 6.8 | 6.0 | 5.3 | 5.8 | 6.1 | 6.7 | 6.0 |
| Operating Income | 8.8 | 23.4 | 28.5 | 24.8 | 27.5 | 39.5 | 31.8 | 35.1 |
| Income Tax | 1.6 | 4.1 | 1.0 | 4.8 | 3.9 | 9.2 | 6.1 | 7.2 |
| Net Income | -1.8 | 10.4 | 2.7 | 14.3 | 18.7 | 29.1 | 21.2 | 21.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WMB: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 243 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EC | $673.9B | — | — | — | — | — | — | — | — | — | 154 |
| XOM | $633.7B | 22.6× | — | 1.9× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| CVX | $344.7B | 28.1× | — | 1.8× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| RYDAF | $253.5B | — | — | — | — | — | — | — | — | — | 5 |
| TTE | $187.0B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $144.0B | 18.1× | — | 2.4× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| STOHF | $99.4B | — | — | — | — | — | — | — | — | — | 3 |
| VLO | $93.4B | 40.0× | 17.9× | 0.8× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| CNQ | $93.2B | — | — | — | — | — | — | — | — | — | 709 |
| MPC | $90.8B | 22.5× | 7.8× | 0.7× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| WMB | $87.7B | 33.6× | 17.8× | 7.3× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EIPAF | $84.0B | — | — | — | — | — | — | — | — | — | 2 |
| PSX | $82.2B | 18.8× | — | 0.6× | -7.5% | 12.3% | 3.3% | 15.1% | 8.9% | — | 2,041 |
| SU | $75.0B | — | — | — | — | — | — | — | — | — | 724 |
| SLB | $74.6B | 21.2× | — | 2.1× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| EOG | $72.9B | 14.7× | 7.1× | 3.2× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| BKR | $61.2B | — | — | 2.2× | -0.3% | — | 9.3% | 13.7% | 10.1% | — | 1,095 |
| IMO | $60.7B | 19.3× | — | 1.3× | -8.6% | — | 6.9% | 14.7% | 12.7% | — | 394 |
| LNG | $56.0B | 10.6× | 7.4× | 2.8× | 27.2% | — | 34.0% | 85.8% | 22.1% | 2.2× | 1,303 |
| TRGP | $55.8B | 30.6× | 15.1× | 3.3× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| OKE | $54.9B | 16.1× | 11.9× | 1.6× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| FANG | $53.0B | 32.5× | 10.7× | 3.5× | 35.8% | — | 10.3% | 4.2% | 3.0% | 2.3× | 1,141 |
| CVE | $52.2B | — | — | — | — | — | — | — | — | — | 437 |
| WOPEF | $42.7B | — | — | — | — | — | — | — | — | — | 3 |
| CCJ | $41.1B | — | — | — | — | — | — | — | — | — | 970 |
Peers = companies sharing WMB's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.