Williams Companies Inc (WMB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,179,000 | 2,049,000 | 1,517,000 | 211,000 | 850,000 |
| Revenue | US$ in thousands | 10,907,000 | 10,965,000 | 10,627,000 | 7,719,000 | 8,201,000 |
| Net profit margin | 29.15% | 18.69% | 14.27% | 2.73% | 10.36% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,179,000K ÷ $10,907,000K
= 29.15%
The net profit margin of Williams Cos Inc has shown a significant increase over the past five years, demonstrating a positive trend in the company's profitability. The net profit margin increased from 10.33% in 2019 to 29.12% in 2023. This substantial improvement indicates that the company has been able to efficiently control its costs and expenses relative to its revenue, resulting in a higher percentage of net income generated for each dollar of revenue. This trend suggests that Williams Cos Inc has been effectively managing its operations and enhancing its overall profitability over the years.
Peer comparison
Dec 31, 2023