Williams Cos.
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of America segment comprises Transco, NWP, and MountainWest interstate natural gas pipelines, and their related natural … Read more
Williams Cos. (0LXB) - Net Assets
Latest net assets as of December 2025: $14.99 Billion USD
Based on the latest financial reports, Williams Cos. (0LXB) has net assets worth $14.99 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.57 Billion) and total liabilities ($43.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.99 Billion |
| % of Total Assets | 25.6% |
| Annual Growth Rate | 7.7% |
| 5-Year Change | 6.34% |
| 10-Year Change | 6.76% |
| Growth Volatility | 46.9 |
Williams Cos. - Net Assets Trend (1994–2025)
This chart illustrates how Williams Cos.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Williams Cos. (1994–2025)
The table below shows the annual net assets of Williams Cos. from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.99 Billion | +1.04% |
| 2024-12-31 | $14.84 Billion | -0.34% |
| 2023-12-31 | $14.89 Billion | +6.02% |
| 2022-12-31 | $14.04 Billion | -0.40% |
| 2021-12-31 | $14.10 Billion | -3.31% |
| 2020-12-31 | $14.58 Billion | -10.88% |
| 2019-12-31 | $16.36 Billion | +2.29% |
| 2018-12-31 | $16.00 Billion | -1.10% |
| 2017-12-31 | $16.18 Billion | +15.16% |
| 2016-12-31 | $14.05 Billion | -13.43% |
| 2015-12-31 | $16.23 Billion | -19.57% |
| 2014-12-31 | $20.17 Billion | +126.12% |
| 2013-12-31 | $8.92 Billion | +20.12% |
| 2012-12-31 | $7.43 Billion | +187.20% |
| 2011-12-31 | $2.59 Billion | -70.00% |
| 2010-12-31 | $8.62 Billion | -4.44% |
| 2009-12-31 | $9.02 Billion | +6.86% |
| 2008-12-31 | $8.44 Billion | +32.39% |
| 2007-12-31 | $6.38 Billion | -10.89% |
| 2006-12-31 | $7.15 Billion | +26.81% |
| 2005-12-31 | $5.64 Billion | +11.59% |
| 2004-12-31 | $5.06 Billion | +20.77% |
| 2003-12-31 | $4.19 Billion | -23.51% |
| 2002-12-31 | $5.47 Billion | -12.37% |
| 2001-12-31 | $6.25 Billion | -16.98% |
| 2000-12-31 | $7.52 Billion | +22.38% |
| 1999-12-31 | $6.15 Billion | +28.98% |
| 1998-12-31 | $4.77 Billion | +29.19% |
| 1997-12-31 | $3.69 Billion | +7.83% |
| 1996-12-31 | $3.42 Billion | +7.34% |
| 1995-12-31 | $3.19 Billion | +111.70% |
| 1994-12-31 | $1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Williams Cos.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1807.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.26 Billion | 9.85% |
| Other Comprehensive Income | $127.00 Million | 0.99% |
| Other Components | $23.66 Billion | 184.71% |
| Total Equity | $12.81 Billion | 100.00% |
Williams Cos. Competitors by Market Cap
The table below lists competitors of Williams Cos. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Airbus Group SE
PINK:EADSF
|
$89.88 Billion |
|
General Dynamics Corporation
NYSE:GD
|
$90.18 Billion |
|
Ping An Insurance
PINK:PIAIF
|
$90.86 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$91.52 Billion |
|
Vertiv Holdings Co
NYSE:VRT
|
$89.72 Billion |
|
Marsh & McLennan Companies Inc
NYSE:MMC
|
$89.35 Billion |
|
Zurich Insurance Group AG
OTCQX:ZFSVF
|
$89.21 Billion |
|
CEZ as
LSE:0NZF
|
$89.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Williams Cos.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,436,000,000 to 12,807,000,000, a change of 371,000,000 (3.0%).
- Net income of 2,618,000,000 contributed positively to equity growth.
- Dividend payments of 2,442,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 51,000,000.
- Other factors increased equity by 144,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.62 Billion | +20.44% |
| Dividends Paid | $2.44 Billion | -19.07% |
| Other Comprehensive Income | $51.00 Million | +0.4% |
| Other Changes | $144.00 Million | +1.12% |
| Total Change | $- | 2.98% |
Book Value vs Market Value Analysis
This analysis compares Williams Cos.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.01x to 7.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $4.62 | $73.97 | x |
| 1995-12-31 | $10.20 | $73.97 | x |
| 1996-12-31 | $8.37 | $73.97 | x |
| 1997-12-31 | $13.06 | $73.97 | x |
| 1998-12-31 | $9.90 | $73.97 | x |
| 1999-12-31 | $12.66 | $73.97 | x |
| 2000-12-31 | $13.15 | $73.97 | x |
| 2001-12-31 | $12.02 | $73.97 | x |
| 2002-12-31 | $9.74 | $73.97 | x |
| 2003-12-31 | $7.94 | $73.97 | x |
| 2004-12-31 | $9.39 | $73.97 | x |
| 2005-12-31 | $8.96 | $73.97 | x |
| 2006-12-31 | $9.98 | $73.97 | x |
| 2007-12-31 | $10.45 | $73.97 | x |
| 2008-12-31 | $14.24 | $73.97 | x |
| 2009-12-31 | $14.33 | $73.97 | x |
| 2010-12-31 | $12.46 | $73.97 | x |
| 2011-12-31 | $2.17 | $73.97 | x |
| 2012-12-31 | $6.98 | $73.97 | x |
| 2013-12-31 | $7.08 | $73.97 | x |
| 2014-12-31 | $11.75 | $73.97 | x |
| 2015-12-31 | $8.21 | $73.97 | x |
| 2016-12-31 | $6.19 | $73.97 | x |
| 2017-12-31 | $11.65 | $73.97 | x |
| 2018-12-31 | $15.06 | $73.97 | x |
| 2019-12-31 | $11.01 | $73.97 | x |
| 2020-12-31 | $9.69 | $73.97 | x |
| 2021-12-31 | $9.38 | $73.97 | x |
| 2022-12-31 | $9.39 | $73.97 | x |
| 2023-12-31 | $10.14 | $73.97 | x |
| 2024-12-31 | $10.17 | $73.97 | x |
| 2025-12-31 | $10.49 | $73.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Williams Cos. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.91%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.57x
- Recent ROE (20.44%) is above the historical average (8.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 16.39% | 14.09% | 0.34x | 3.47x | $96.15 Million |
| 1995 | 41.36% | 46.16% | 0.27x | 3.29x | $999.49 Million |
| 1996 | 13.44% | 6.71% | 0.55x | 3.63x | $117.70 Million |
| 1997 | 8.70% | 4.46% | 0.59x | 3.28x | $-54.96 Million |
| 1998 | 2.99% | 1.66% | 0.41x | 4.38x | $-298.24 Million |
| 1999 | 3.96% | 3.34% | 0.26x | 4.53x | $-337.12 Million |
| 2000 | 8.90% | 7.99% | 0.16x | 6.82x | $-64.90 Million |
| 2001 | -7.90% | -9.01% | 0.14x | 6.44x | $-1.08 Billion |
| 2002 | -14.95% | -20.31% | 0.11x | 6.93x | $-1.26 Billion |
| 2003 | -12.00% | -2.96% | 0.62x | 6.59x | $-902.41 Million |
| 2004 | 3.30% | 1.31% | 0.52x | 4.84x | $-331.89 Million |
| 2005 | 5.79% | 3.21% | 0.33x | 5.42x | $-228.75 Million |
| 2006 | 5.09% | 3.30% | 0.37x | 4.18x | $-298.32 Million |
| 2007 | 15.53% | 9.44% | 0.42x | 3.93x | $352.50 Million |
| 2008 | 16.80% | 11.93% | 0.46x | 3.08x | $574.00 Million |
| 2009 | 3.37% | 5.40% | 0.21x | 2.99x | $-559.70 Million |
| 2010 | -15.05% | -16.53% | 0.27x | 3.43x | $-1.83 Billion |
| 2011 | 29.01% | 4.74% | 0.48x | 12.73x | $246.40 Million |
| 2012 | 18.08% | 11.47% | 0.31x | 5.12x | $383.80 Million |
| 2013 | 8.84% | 6.27% | 0.25x | 5.58x | $-56.40 Million |
| 2014 | 24.09% | 27.68% | 0.15x | 5.76x | $1.24 Billion |
| 2015 | -9.29% | -7.76% | 0.15x | 7.97x | $-1.19 Billion |
| 2016 | -9.13% | -5.65% | 0.16x | 10.09x | $-888.30 Million |
| 2017 | 22.51% | 27.07% | 0.17x | 4.80x | $1.21 Billion |
| 2018 | -1.06% | -1.78% | 0.19x | 3.09x | $-1.62 Billion |
| 2019 | 6.36% | 10.36% | 0.18x | 3.45x | $-486.30 Million |
| 2020 | 1.79% | 2.73% | 0.17x | 3.75x | $-965.90 Million |
| 2021 | 13.28% | 14.27% | 0.22x | 4.17x | $374.70 Million |
| 2022 | 17.84% | 18.69% | 0.23x | 4.22x | $900.50 Million |
| 2023 | 25.63% | 29.15% | 0.21x | 4.24x | $1.94 Billion |
| 2024 | 17.89% | 21.18% | 0.19x | 4.39x | $981.40 Million |
| 2025 | 20.44% | 21.91% | 0.20x | 4.57x | $1.34 Billion |
Industry Comparison
This section compares Williams Cos.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Williams Cos. (0LXB) | $14.99 Billion | 16.39% | 2.91x | $89.88 Billion |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |